An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, the first slowdown since November 2020 and a sign that high
Category Archives: business
More Memorial Day travel expected, despite high gas prices
This Memorial Day weekend, as gas prices surge, many Americans still plan to hit the road in their vehicles, eager to recapture pre-pandemic traditions.
Retail earnings reveal major gaps between lower and higher income shoppers
Some lower-income consumers have curbed their spending habits while others are snapping up tailored suits, designer gowns and footwear.
Twitter fined $150 million on accusation of deceptive practices
Federal regulators announced charges against Twitter on Wednesday, saying the social media platform deceptively used personal account data for targeted
Jack Dorsey exits Twitter's board of directors
Twitter co-founder Jack Dorsey is stepping down from the social media platform’s board effective Wednesday — just weeks after playing a key role in the company’s sale.
Cubans say it's too soon to weigh the effect of eased U.S. measures
Cubans say it will take some time to see the effect of the eased Biden administration measures, including removing limits on remittances and processing more visas.
Fiat Chrysler Automobiles pleads guilty, fined $300 million in emissions fraud probe
The U.S. business of Fiat Chrysler Automobiles has agreed to plead guilty to criminal conduct and pay roughly $300 million in penalties to
Tesla files paperwork for Elon Musk's restaurant vision in Hollywood
Tesla has filed paperwork with the city of Los Angeles to build a 24-hour restaurant, drive-in theater and charging station.
Hyundai recalls 239,000 cars over exploding seat belt parts
Hyundai is recalling 239,000 vehicles over reports that a “pyrotechnic” element connected to its seat belts may cause them to malfunction, sending shrapnel
French police search McKinsey’s office in Paris over tax fraud investigation
Police raided the consulting giant McKinsey & Co.’s Paris office after a French Senate report alleged the firm was not paying corporate taxes in France.