Business

Abbott plant pauses baby formula production due to severe weather

Abbott plant pauses baby formula production due to severe weather

Quantitative tightening is ‘uncertain’ Fed method to cool inflation

After BTS posted a video announcing their intention to pursue solo careers, Hybe reported a losses totaling $1.7 billion in market value.

BTS breakup costs Hybe $1.7 billion

The Federal Reserve announced a move it hasn't made in decades: Raising its benchmark interest rate by 0.75%, effectively doubling the rate.

Federal Reserve makes largest interest rate hike in 28 years to tackle inflation

At least seven states and two cities already have some form of salary transparency law on the books, and New York City will join that group Nov. 1.

Millennials, Gen Z leverage social media to push salary transparency to forefront

In one more sign inflation isn't budging, wholesale prices surged 10.8% in May from a year ago, near a record annual pace.

Wholesale prices rise 10.8% in May, Wall Street braces for hawkish Fed

The Dow Jones Industrial Average tumbled into bear market territory Friday, at one point down roughly 600 points mid-trading day.

S&P drops 3.9%, Wall Street enters bear market in wake of inflation report

The price of a gallon of gas surged nearly $2 in the past year, and experts are warning Americans haven't seen the worst of it.

‘More pain in our future’ as gas prices top $5 per gallon: GasBuddy economist

Inflation rose 8.6 percent in May, the fastest rate in 40 years, as energy and housing prices continue to weigh on the economy.

Inflation still climbing: Prices rise 8.6% in May, the fastest rate in 40 years

Whether you're planning on hitting the pool or the movies this summer, a number of shortages could put a damper on your plans.

Popcorn, pilot and lifeguard shortages weigh on summer fun

Autonomous vehicle startup Gatik announced it'll start delivering paper goods to 34 Walmart-owned Sam's Club locations in Texas.

Walmart-owned Sam’s Club to deploy self-driving delivery trucks in Texas

While Yellen's committee appearances are to go over the president's budget proposal, inflation is top of mind for Americans and lawmakers.

Janet Yellen answers to Congress after admitting ‘I was wrong’ about inflation

Why Amazon stock is the cheapest it’s been in more than a decade

Shakria and Justin Timberlake are just some of the major recording artists making huge deals for the rights to their catalogs.

Shakira, Justin Timberlake among biggest artists to sell catalogs

The tides are changing in the real estate housing market, which has been solidly seller-friendly for the past couple of years.

Good news for home buyers: Real estate market shows signs of cooling

No fan of work from home, Elon Musk has given his Tesla executive staff an ultimatum: Return to the office or find another job.

Tesla CEO Elon Musk declares war on ‘work from home’

Delta announced summer flight cuts.

Ahead of unofficial start to summer, Delta announces 100 daily flight cuts

Inflation slowed and was outpaced by an increase in consumer spending.

Inflation slows, outpaced by consumer spending for fourth straight month

Twitter will pay $150 million in fines for allegedly failing to protect users' privacy according to a federal lawsuit filed Wednesday.

Privacy violations cost Twitter $150 million

Vegas, Austin, Boise top most overvalued housing markets

Apple retail workers are getting a big pay boost as the company announced plans to raise wages by 10% or more this year.

Apple hiking retail pay amid inflation pressures and union threats

The GDP drop from 2022 Q1 was adjusted as unemployment claims also dropped.

2022 Q1 GDP drop adjusted, unemployment claims also dropped

Gas prices hit another national record Wednesday as Americans filled up ahead of Memorial Day weekend. Meanwhile, oil inventories drained.

Gas prices hit another record ahead of Memorial Day, oil supply draining

Snap gives rare warning as social media stocks wipe out billions in one day