Business
personal finance 12 hours ago

Fed Keeps Rates Unchanged. Here’s Exactly What That Means to You

The Federal Reserve’s decision Wednesday to keep interest rates steady put the cap on a tumultuous year for consumers. After raising the federal funds rate nine times in three years, with the last hike just one year ago as financial markets were melting down, concerns about a slowing economy and a looming U.S.-China trade war then caused the U.S. central

  • Peloton Girl Dec 7

    Ryan Reynolds Saves the Viral Peloton Girl in Ad for Aviation Gin

    If Peloton’s commercial left you with questions, you’re not alone. People across the country have been obsessed with the stationary bike advertisement, which shows a woman receiving the popular bike from her husband as a Christmas gift. The actress, who’s been named “Peloton Girl” for lack of an actual name, does an excellent job of depicting the lackluster reaction any woman

  • Dec 6

    Attorney Suggests $190 Million Settlement for Man Elon Musk Allegedly Branded ‘Pedo Guy’ on Twitter

    An attorney told a Los Angeles federal jury Friday it would be reasonable to award $190 million in damages to a British cave explorer who is suing Elon Musk for allegedly branding him as a pedophile during a Twitter spat. Attorney Lin Wood said the suggested sum includes $150 million in punitive damages. Musk, who testified his stock in Tesla…

  • Dec 7

    Analysis: Let’s Cancel Cancel Culture in 2020, and the Humblebrag, Too

    Either loudly sing your own praises or don’t in the new year, but let’s leave the humble brag behind, along with a few other oversaturated, cloying or just plain silly cultural quirks that deserve a big goodbye. Among them are pop-up shops, cancel culture and the ever-present “OK Boomer” retort on social media. With much ado about something, here’s

  • Dec 5

    United CEO Oscar Munoz to Step Down, President Scott Kirby Will Take Over

    United Airlines announced Thursday that CEO Oscar Munoz will turn over day-to-day management of the airline next spring to President Scott Kirby, who will become company’s chief executive officer. The change happens in May, when Munoz becomes executive chairman, succeeding Jane Garvey, who is retiring from the board. The announcement ends speculation Kirby could be hired to replace Doug Parker

  • Dec 5

    First Indoor Snow Mountain in North America Opens at New Jersey’s American Dream Mall

    New Jersey got a taste of the first heavy snow of the season earlier this week and residents will be able to play in more snow on Thursday with the opening of “Big SNOW” indoor ski and snowboard slopes at the American Dream Mall.

  • Dec 4

    Gun Background Checks Are on Pace to Break Record in 2019

    Background checks on gun purchases in the U.S. are climbing toward a record high this year.

  • Dec 4

    Google Co-Founders Step Down as Execs of Parent Alphabet

    Google co-founders Larry Page and Sergey Brin are stepping down from their roles within the parent company, Alphabet. Sundar Pichai, who has been leading Google as CEO for more than four years, will stay in his role and also become CEO of Alphabet. Page was Alphabet’s CEO, while Brin was its president. Both have been noticeably absent from Google events

  • Dec 4

    Trump Loses Appeal to Block Deutsche Bank, Capital One From Handing his Financial Records to Congress

    A federal appeals court ruled Tuesday that Deutsche Bank and Capital One must hand over years of President Donald Trump’s financial records in compliance with House Democrats’ subpoenas.

  • Dec 3

    Tesla CEO Musk Facing Defamation Trial for ‘Pedo Guy’ Tweet

    Elon Musk is going on trial for his troublesome tweets in a case pitting the billionaire against a British diver he allegedly dubbed a pedophile.

  • Dec 2

    Facebook Tests Tool to Move Photos to Google, Other Rivals

    Facebook has started testing a tool that lets users move their images more easily to other online services, as it faces pressure from regulators to loosen its grip on data.

  • Dec 2

    McDonald’s Is Testing a Chicken Sandwich

    McDonald’s is entering the chicken sandwich wars. The chain is testing a Crispy Chicken Sandwich in Houston and Knoxville, Tennessee. The sandwich features a fried chicken filet served on a buttery potato roll, topped with butter and pickles.

  • Dec 1

    Couple Paid $100 for Abandoned Car They Found in Storage Unit—Elon Musk Bought It From Them for Nearly $1 Million

    In 1989, a couple from Long Island, New York paid roughly $100 for an unclaimed storage unit. It was a blind auction, meaning neither they nor the seller had any idea what was inside. When the couple opened the unit, they were in for what would likely be the surprise of their lives: Buried under some old blankets sat a

  • Dec 1

    ‘Grinch Bots’ Are Here to Ruin Your Holiday Shopping

    Consumers may think they’re avoiding the crush this holiday season by shopping online, unaware that as they’re trying to get through the digital doors, so too are hordes of bots. And they’re throwing elbows, NBC News reports. Up to 97 percent of all online traffic to retailer login pages this holiday shopping week comes from bots, largely operated by organized

  • Dec 1

    Self-Driving Cars Were Supposed to Be Here Already — Here’s Why They Aren’t

    More companies are trying to bring self-driving cars to the masses than ever before. Yet a truly autonomous vehicle still doesn’t exist. And it’s not clear if, or when, our driverless future will arrive. Proponents in the industry, including Tesla CEO Elon Musk, Waymo CEO John Krafcik and Cruise CEO Dan Ammann, touted an aggressive timeline but missed and reset

  • Dec 1

    Mom-and-Pop Retailers Gear Up for Small Business Saturday, as Towns Try to Stoke Excitement

    Independent retailers are gearing up for Small Business Saturday, a day used to promote mom-and-pop retailers, and many towns are doing their best to support the effort. In 2018, an estimated 104 million consumers shopped at independent retailers and restaurants on the Saturday after Thanksgiving. They spent $17.8 billion, the most since the shopping event was created by American Express

  • Dec 1

    Michigan, Illinois Set to Usher in Recreational Pot Sales

    James Daly is eager to make marijuana history on Sunday, when he plans to open the doors to Arbors Wellness, beckon the lengthy line outside and legally start selling recreational pot for the first time in the Midwest. “We’ve worked very hard to be prepared,” said Daly, who owns the medical dispensary that, for now, is among just six shops

  • Nov 30

    Merry Clickmas: Black Friday Online Sales Hit Record $7.4B

    This year’s Black Friday was the biggest ever for online sales, as fewer people hit the stores and shoppers rang up $7.4 billion in transactions from their phones, computers and tablets. That’s just behind the $7.9 billion haul of last year’s Cyber Monday, which holds the one-day record for online sales, according to Adobe Analytics. Adobe measures sales at 80

  • Nov 30

    American Airlines Expands Travel Alerts, Adds Waivers

    American Airlines says Friday they’re expanding travel alerts and allowing passengers traveling to change flights for no additional fees due to winter storms in the northeast and Midwest.

  • Nov 29

    Amazon Workers in Germany Stage Strike on Black Friday

    Workers at Amazon distribution centers in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer. Union ver.di said Friday that the walkouts began overnight at six distribution centers across the country, with some due to last until Tuesday. Union representative Orhan Akman said Amazon staff want

  • Nov 29

    Black Friday Frenzy Goes Global and Not Everyone’s Happy

    People don’t celebrate Thanksgiving in France, or Russia, or South Africa – but they do shop on Black Friday. The U.S. sales phenomenon has spread to retailers across the world in recent years with such force that it’s prompting a backlash from some activists, politicians and even consumers. Workers at Amazon in Germany went on strike for better pay on

  • Nov 29

    Black Friday Kicks Off Scramble in a Shorter Shopping Season

    Black Friday shoppers fought for parking spots and traveled cross-state to their favorite malls, kicking off a shortened shopping season that intensified the mad scramble between Thanksgiving and Christmas. The shopping season is the shortest since 2013 because Thanksgiving fell on the last Thursday in November — the latest possible date it could be. That means customers will have less

  • Dec 1

    Your Christmas Tree Is Going to Be Pricey Again This Year

    Experts in Oregon, the nation’s No. 1 supplier of Christmas trees, say prices for a holiday evergreen will remain higher this year due to a tight supply.

  • Nov 28

    Wynn Resorts Settles With Pension Funds Over Sex Allegations

    Wynn Resorts agreed Wednesday to accept $41 million from former CEO and chairman Steve Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul’s alleged pattern of sexual misconduct.

  • Nov 28

    Holiday Stress: Amazon, Others Under Gun for 1-Day Delivery

    This year, holiday stress may take on a whole new meaning for online retailers. Amazon, Walmart and others have promised to deliver more of their orders within 24 hours of customers clicking on “Buy.” The coming weeks will be the first test of whether they can make that happen during the busy holiday shopping season, when onslaughts of orders and

  • Nov 27

    It’s a Make-or-Break Holiday Season for These 6 Retailers

    For many, the holidays spark joy, and are a time to relax in the comfort of family and friends. If you’re in retail, however, it’s a bit of a different story — especially if your business is struggling.

  • Nov 27

    Why ‘The Mandalorian’ Episodes Are Short and Arrive on Disney+ Once a Week

    In an era in which binge-watching is the new norm, Disney+ is breaking the mold — at least with its new content. While episodes of old Disney shows can be watched one right after another, all of Disney’s new programming is being doled out in weekly installments, just like traditional cable. Then there are the shorter-than-average episodes.

  • Nov 26

    SoulCycle CEO Melanie Whelan Resigns

    Melanie Whelan is resigning from her position as chief executive officer of SoulCycle, effective Tuesday, the company told CNBC Make It. Both sides felt it was time for a leadership transition, according to a person briefed on the decision who asked not to be named because those discussions were private. A spokesperson for SoulCycle declined to comment on the impetus

  • Nov 26

    Black Friday Hours: Here’s a List of When Retailers Will Be Open

    Although some retailers have already started marking down items and cueing the holiday music, the season will kick off in earnest this week. Retailers are preparing for crowds of shoppers as the holidays approach, with retail sales expected to grow between 3.8% and 4.2% this year to between $727.9 billion and $730.7 billion, according to the National Retail Federation. For

  • Nov 26

    Here’s What Restaurants Are Offering Black Friday Deals

    When most people think of Black Friday deals, they picture discounts on electronics, toys or clothing. But restaurant chains also offer their own deals. Here’s where to find deals on restaurant gift cards and discounted food and drinks on Black Friday.

  • Nov 26

    New Jersey-Based Arts and Crafts Retailer A.C. Moore Closing All 145 Stores

    New Jersey-based arts and crafts retailer A.C. Moore will close all 145 of its stores, parent company Nicole Crafts announced on Monday.

  • Nov 26

    Google Fires Four Staffers After Protest, Accusing Them of Data Security Breaches

    Google has terminated four employees for allegedly sharing sensitive information after weeks of internal dissent related to the mistrust of leadership. At least one of the employees was at the center of recent worker protests in San Francisco. In a memo sent to staffers on Monday, three members of Google’s Security and Investigations Team wrote that the four workers were

  • Nov 25

    McDonald’s Agrees to $26M Settlement With California Workers

    McDonald’s has agreed to a $26 million settlement of a long-running class-action lawsuit over wages and work conditions at corporate-run locations in California, the parties said Monday.

  • Nov 25

    Charles Schwab Buys TD Ameritrade in Brokerage Blockbuster

    Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive disruption in the online brokerage industry. Bowing to competitive pressure, brokerages have made it free for customers to trade U.S. stocks online. A combination of two of the biggest players in the industry would allow Schwab to save billions of

  • Nov 25

    How to Get the Best Travel Deals on Black Friday and Cyber Monday

    Frequent travelers know that Black Friday and Cyber Monday can deliver savings on everything from airfare and hotel stays to cruises, attraction passes and bucket list tours. But the challenge is finding the true deals in the holiday sales heap. “The best advice I can give to navigate travel bargains is unromantic, but effective: Sign up for emails from online

  • Nov 25

    LVMH Reaches Deal to Acquire Tiffany for $16.3 Billion

    Bulgari owner LVMH has reached a deal to buy Tiffany & Co. at $135 a share in cash, or $16.3 billion, according to sources familiar with the matter. The boards of the luxury firms have been discussing a potential deal since last month, and will meet on Sunday to approve the deal, sources tell CNBC’s David Faber. An agreement could

  • Nov 24

    An Emerging Priority for Powell Fed: The Plight of the Poor

    Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. “We want to remind ourselves,” Powell said, “that prosperity isn’t experienced in all communities. Low- and moderate-income communities in many cases are just starting to feel

  • Nov 24

    Elon Musk Touts 146,000 Orders for Tesla’s Electric Pickup Truck

    Elon Musk says Tesla has received nearly 150,000 orders for its new electric pickup truck since the automaker revealed the futuristic vehicle earlier this week to mixed reviews.

  • Nov 23

    Chicken Fried Rice Recalled; May Have Plastic Bits

    A Mississippi company is recalling more than 86 tons of chicken fried rice because it may contain bits of plastic. Ajinomoto Foods North America Inc. of Oakland, Mississippi, reported the problem after customers complained, according to recall notice Friday from the U.S. Department of Agriculture’s Food Safety and Inspection Service.

  • Nov 23

    What’s on Kids’ Wish Lists? Here Are 12 of the Hottest Toys for the Holidays

    The holiday season is fast approaching, and toys are already flying off the shelves. The toy industry is poised for growth this year as it faces weak comparisons with last year’s holiday season, which was the first without Toys R Us. The closing of the toy retailer hurt sales last year, because parents stocked up on toys at liquidation sales

  • Nov 22

    US Officials: Don’t Eat Romaine Lettuce Grown in Salinas, Calif.

    U.S. health officials on Friday told people to avoid romaine lettuce grown in Salinas, California, because of another food poisoning outbreak. The warning comes almost exactly one year after a similar outbreak led to a blanket warning about tainted romaine.

  • Nov 22

    Holiday Shopping Started in July This Year, Thanks to Amazon

    If someone asked you when the holiday shopping season starts, you’d likely point to Black Friday, when flocks of people swarm stores after a hearty turkey dinner to pick through the hottest deals. But for more people in 2019, holiday shopping started in July. Why? Amazon. Amazon’s annual Prime Day extravaganza has “become a real part of the changing holiday

  • Nov 22

    China’s Xi Says Beijing Wants Trade Deal With U.S., Can ‘Fight Back’

    President Xi Jinping said Friday that Beijing wants to work for a trade deal with the United States but is not afraid to “fight back” to protect its own interests. Echoing the upbeat tone adopted by other Chinese officials in recent days, Xi told a visiting U.S. business delegation that China holds a “positive attitude” about the trade talks. “As

  • Nov 22

    Here Are the 10 Most Expensive ZIP Codes for Buying a Home

    When trying to decide where to buy a home, it doesn’t hurt to get granular and make comparisons based on ZIP code, especially if you’re looking for the best price. PropertyShark has even done the research for you.

  • Nov 22

    Tuna Maker Bumble Bee Foods Files for Bankruptcy

    Tuna maker Bumble Bee Foods said Thursday that it has filed for Chapter 11 bankruptcy protection, with an agreement from Taiwan-based FCF Fishery, its largest creditor, to purchase its assets for roughly $925 million. The bankruptcy proceedings are meant to reduce Bumble Bee’s debt burden caused by “recent and significant legal challenges” and help facilitate the sale. In 2017, the

  • Nov 21

    Stainless Steel, Broken Glass and Buzz, Tesla Makes a Pickup

    The much-hyped unveiling of Tesla’s electric pickup truck went off script Thursday night when supposedly unbreakable window glass shattered twice when hit with a large metal ball.

  • Nov 21

    Here’s How to Avoid Taking on New Debt This Holiday Shopping Season

    They call it the most joyful time of the year, and for good reason: the holidays are a time to join family and friends and share in the things that make life special. But the celebrations and gift-giving aren’t without cost.

  • Nov 21

    Union President Steps Down as General Motors Sues Fiat Chrysler Over Alleged Bribery

    United Auto Workers President Gary Jones abruptly resigned Wednesday, capping a tumultuous day that saw union leaders move to oust him, and General Motors accusing rival Fiat Chrysler in a lawsuit of bribing union officials to get more favorable contract terms from the UAW. Jones has notified the union that he would retire, his attorney, Bruce Maffeo of New York,

  • Nov 19

    Man Sues Miami-Based Burger King Over Claims Impossible Whopper Cooked on Same Grill as Meat Products

    Phillip Williams, who is a vegan, says he suffered monetary damage in the amount he paid for the sandwich and claims he wouldn’t have made the purchase has he known the cooking method.

  • Nov 18

    Trump Backing Off Banning Vaping Flavors Popular With Teens

    President Donald Trump is backing away from the idea of banning most flavored e-cigarettes. Trump announced a proposed ban in September, saying he wanted parents to be aware of what a problem vaping had become among teens. He made the announcement in the presence of first lady Melania Trump, who does not believe e-cigarettes should be available to children.

  • Nov 18

    T-Mobile CEO John Legere to Step Down Next Year, Mike Sievert Named Replacement

    T-Mobile says Mike Sievert will become CEO in May, following the end of John Legere’s contract. The company said Monday that the move is part of its succession plan.

  • Nov 18

    Ford Unveils Its First All-Electric SUV: ‘Mustang Mach E’

    Ford is unveiling its first all-electric SUV, marking the start of an avalanche of battery-powered vehicles coming from mainstream and luxury automakers during the next two years that industry analysts say will boost electric vehicle sales. The “Mustang Mach E,” which will go 230 miles to more than 300 miles per charge depending on how it’s equipped, was unveiled Sunday

  • Nov 17

    HP Rejects $33.5 Billion Takeover Offer From Xerox

    HP Inc. says its board has rejected a roughly $33.5 billion takeover offer from Xerox.

  • Nov 16

    Apple Nixes Vape-Related Apps for iPhone Users

    In an effort to cease the promotion of vape culture with related deaths on the rise, Apple has announced that it will no long offer vape-related apps for iPhones.

  • Nov 15

    Boeing Settles Several More Lawsuits Over Max Plane Crashes

    Boeing is settling more of the roughly 150 lawsuits filed by families of passengers killed in two crashes of the 737 Max jet. A Seattle law firm said Friday it settled four cases involving passengers on the Lion Air Max that crashed off the coast of Indonesia in October 2018. On Thursday, a judge approved settlements of nine other cases.

  • Nov 15

    Oklahoma Judge Reduces J&J Order in Opioid Lawsuit by $107M

    An Oklahoma judge who last summer ordered consumer products giant Johnson & Johnson to pay $572 million to help address the state’s opioid crisis on Friday reduced that amount in his final order in the case by $107 million because of his miscalculation. District Judge Thad Balkman’s latest order directs the company to pay the state $465 million. In it,

  • Nov 15

    Esper Defends $10B Pentagon Contract Disputed by Amazon

    U.S. Defense Secretary Mark Esper said Friday he was certain that the awarding of a $10 billion cloud-computing contract to Microsoft instead of Amazon was done fairly. The Pentagon awarded the contract to Microsoft in late October, and Amazon said there was “unmistakable bias” on the government’s part and it intended to challenge the decision in court. Esper recused himself

  • Nov 14

    New Jersey Seeks $640M From Uber for Misclassifying Workers

    New Jersey is seeking more than $640 million from Uber in taxes and penalties, saying the ride-hailing company misclassified its drivers as independent contractors. The decision is the latest setback for Uber and other companies in the so-called “gig economy” that rely heavily on contract labor to deliver the services at the heart of their popular apps.

  • Nov 14

    Ford’s First All-Electric SUV, the Mach-E, Will Be a Mustang

    Ford Motor is expanding its iconic Mustang franchise to include the automaker’s first-ever, all-electric SUV: the Mustang Mach-E. The vehicle, which will make its global debut Sunday in Los Angeles, marks the first time the Mustang name and badge have been used on a vehicle other than the two-door pony car since it debuted in 1964. Ford, prior to announcing

  • Nov 14

    NYC Planning on Moving Iconic Charging Bull Statue From Bowling Green

    New York City’s famous bull is charging to a new home, thanks to plans the city is crafting

  • Nov 14

    Twinkies Cereal Is Now in the Works

    Hostess fans can rejoice that another one of their favorite snacks will be transformed into a bite-sized cereal version. Post Holdings and Hostess Brands announced Wednesday that Twinkies Cereal will debut in grocery stores in late December. When asked what inspired the concept of a cereal version of Twinkies, Meredith Suffron, senior director of brand management at Post, told CNBC,

  • Nov 14

    Motorola Just Brought Back the Famous Razr With a Display That Folds in Half, But it Costs $1,500

    Lenovo’s Motorola on Wednesday announced a new version of the iconic Razr flip phone. It has a full touch screen display inside — no keypad — but still folds in half like the clamshell design of phones from the 1990s and early 2000s. I like the throwback design. It will succeed the Samsung Galaxy Fold as the second foldable phone

  • Nov 13

    Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts

    Federal Reserve Chairman Jerome Powell said Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a congressional panel, Powell expressed optimism about the U.S. economy and said he expects it will grow at a solid pace, though it

  • Nov 12

    See Inside World’s Largest Starbucks, Opening Friday in Chicago

    Are you ready for a peek inside the world’s largest Starbucks, opening Friday in Chicago?

  • Nov 12

    Dean Foods, No. 1 Milk Company, Declares Bankruptcy Amid Drop in Demand

    Dean Foods, America’s biggest milk processor, has filed for bankruptcy amid a steep, decades-long drop-off in US milk consumption blamed on soda, juices and, more recently, nondairy substitutes.

  • Nov 12

    Election Vendors Are ‘Prime Targets,’ Need Oversight: Report

    The private companies that make voting equipment and build and maintain voter registration databases lack any meaningful federal oversight despite the crucial role they play in U.S. elections, leaving the nation’s electoral process vulnerable to attack, according to a new report. The Brennan Center for Justice on Tuesday issued the report, which calls on Congress to establish a framework for

  • Nov 12

    McDonald’s Workers Say Anti-Harassment Efforts Fall Short

    A former McDonald’s employee is suing the company and one of its Michigan franchisees over sexual harassment. On Tuesday, Jenna Ries filed a class-action lawsuit against the fast-food chain. She’s one of at least 50 workers who have filed separate sexual harassment charges against McDonald’s with the U.S. Equal Employment Opportunity Commission or in state courts over the past three

  • Nov 11

    Boeing Details Steps Needed to Get Grounded Max Jet Flying

    Boeing is detailing steps it needs to complete before its grounded 737 Max can carry passengers again.

  • Nov 11

    A Whole New World: Disney Plus Streaming Debuts With Hit Brands

    Disney will sprinkle its pixie dust on the streaming arena Tuesday, as its Disney Plus service debuts with an arsenal of marquee franchises including Marvel and Star Wars, original series with a built-in fan base and a cheap price to boot. The $7-a-month commercial-free service is poised to set the standard for other services like WarnerMedia’s HBO Max and NBCUniversal’s

  • Nov 11

    Alibaba Breaks Singles Day Record With Over $38 Billion in Sales and Climbing

    Chinese e-commerce giant Alibaba set a sales record on Singles Day, the world’s largest 24-hour shopping event. Gross merchandise value (GMV), a figure that shows sales across Alibaba’s various shopping platforms, surpassed last year’s 213.5 billion yuan record (nearly $30.5 billion) on Monday afternoon local time, and kept rising through the rest of the day.

  • Nov 11

    ’We’re Fighting for Our Lives’: US Apple Farmers Endure Major Crop and Profit Losses as Climate Changes

    Climate change is posing an existential threat to the precarious lives of farmers across the country. More intense and frequent weather disasters are wiping out entire harvests, and warmer winters are exposing crops to severe frost damage. For apples, a warm spell in the winter will force trees to flower prematurely and expose the buds to unpredictable winter frosts, hail

  • Nov 10

    Amtrak Policy Change Means You Can’t Sue If Something Goes Wrong

    Planning on riding Amtrak this upcoming holiday season? A little-known policy change now makes it harder for you to sue if something goes wrong. The change in Amtrak’s arbitration clause happened earlier this year, but has received almost no attention. It denies passengers the right to present complaints in front of a judge or jury. Instead, riders would enter arbitration

  • Nov 10

    NY Regulator Vows to Investigate Apple Card for Sex Bias

    A New York regulator is investigating Goldman Sachs for possible sex discrimination in the way it sets credit limits.

  • Nov 10

    Self-Driving Uber Car That Hit and Killed Woman Did Not Recognize That Pedestrians Jaywalk

    A self-driving Uber car that struck and killed an Arizona woman was not able to recognize that pedestrians jaywalk, the National Traffic Safety Board revealed in documents released earlier this week. Elaine Herzberg, 49, died after she was hit in March 2018 by a Volvo SUV, which had an operator in the driver’s seat and was traveling at about 40

  • Nov 8

    American, Southwest Airlines Plan to Resume Commercial Flights on 737 Max in March

    American and Southwest airlines announced Friday plans to resume commercial flights of the Boeing 737 Max aircraft in March 2020.

  • Nov 8

    Trump Pushes Back on Reports US Will Remove China Tariffs

    President Donald Trump on Friday dismissed a Chinese official’s assertion that his administration has agreed to roll back some of the higher tariffs it’s imposed on Chinese goods. The Chinese official said Thursday that the two sides had agreed to a phased cancellation of their tariff hikes as part of an emerging agreement. Trump’s pushback suggested that negotiations haven’t progressed

  • Nov 7

    Port of Los Angeles Reports Trade War Starting to Affect Its Shipment Volumes

    Officials with the Port of Los Angeles said Thursday based on its monthly operations report, the tariffs imposed in the trade war between the United States and China have started to affect its cargo volumes.

  • Nov 7

    E-Cig Maker Juul Halts Sales of Its Popular Mint Flavor

    Market leading e-cigarette company Juul is halting sales of its popular mint flavor, the company announced Thursday. Studies published Tuesday in the Journal of the American Medical Association found high school students use mint more than any other of Juul’s flavors. Juul said it made the decision to pull mint in light of the results.

  • Nov 7

    Judge Orders Trump to Pay $2M for Charity Foundation Misuse

    A judge Thursday ordered President Donald Trump to pay $2 million to an array of charities as a fine for misusing his own charitable foundation to further his political and business interests. New York state Judge Saliann Scarpulla imposed the penalty in connection with a lawsuit brought against Trump by the New York attorney general’s office over the handling of

  • Nov 7

    Walmart, Best Buy, Target, Amazon Announce Black Friday Deals

    In three weeks, thousands of Americans will hit stores to get the best deals as part of their holiday shopping. Stores across the U.S. are already getting ready for the season by announcing their Black Friday deals. Here are some options that may catch your eye.

  • Nov 7

    Board of Directors for Google’s Parent Company Investigating Executives Over Inappropriate Relationships

    Alphabet’s board of directors has opened an investigation into how executives handled claims of sexual harassment and other misconduct, including behavior of Chief Legal Officer David Drummond, who has been accused of having relationships with employees. The board has formed an independent subcommittee to look into the issues and has hired a law firm to assist with the investigation, according

  • Nov 6

    Here Are Your New Income Tax Brackets for 2020

    The IRS released the federal tax rates and income brackets for 2020 on Wednesday. The seven tax rates remain unchanged, while the income limits have been adjusted for inflation. Tax rates in the U.S. are marginal, meaning that different levels of the same person’s income are taxed at different rates. If you and your spouse earn $80,000 in 2020 and

  • Nov 6

    CVS to Close 22 Drugstores Next Year

    CVS Health will close 22 “underperforming” drugstores early next year in addition to the 46 stores it shuttered earlier this year, the company said Wednesday in a regulatory filing. The locations weren’t disclosed. The company recorded a $96 million impairment charge on its third-quarter earnings related to the 22 stores. It recorded a $135 million charge in the first quarter

  • Nov 6

    Airbnb Pushes New Safety Measures Days After Deadly Party-House Shooting

    Airbnb is pushing out several new safety features in the wake of a tragic incident at one of their bookings, CEO Brian Chesky announced Wednesday.

  • Nov 5

    AT&T Fined $60M for Misleading With ‘Unlimited’ Plans

    AT&T will pay $60 million to settle the government’s allegation that it misled customers of unlimited-data plans by slowing down service for heavy users. The Federal Trade Commission said Tuesday that AT&T will automatically provide partial refunds to customers who signed up for unlimited wireless plans before 2011.

  • Nov 5

    Krispy Kreme Strikes Sweet Deal With Student Whose Doughnut Side Hustle It Had Nixed

    Krispy Kreme has reached an agreement with a Minnesota college student who drove to Iowa every weekend to buy hundreds of doughnuts to resell them in the Twin Cities area. The company said in a statement Monday that Jayson Gonzalez of Champlin can now work with Krispy Kreme as an independent operator. The deal also includes a 500-dozen doughnut donation

  • Nov 4

    Why Did Starbucks Pick Chicago to House its Largest Roastery?

    The world’s largest Starbucks will soon open in Chicago – and the decision to bring the company’s biggest roastery to the Windy City was no accident.

  • Nov 4

    Second McDonald’s Executive Out After CEO Fired

    McDonald’s has lost another top executive, as the Chicago-based burger giant confirmed Monday that Chief People Officer David Fairhurst has left the company, effective immediately.

  • Nov 4

    From Toast of Town to Toxic: Facebook CEO on Outs With Dems

    Mark Zuckerberg’s social network in Washington is shrinking. Bipartisan hostility against Facebook has been building for months, fueled by a series of privacy scandals, the site’s role in Russian meddling in the 2016 presidential campaign and accusations that Facebook crushes competitors. Now, with the 2020 elections approaching, Democrats especially are homing in on the conduct of the social media giant

  • Nov 4

    Federal Investigators Probe Under Armour’s Accounting

    Under Armour Inc. is being investigated by federal authorities over its accounting practices. The athletic gear company said Sunday that it has been cooperating with the U.S. Securities and Exchange Commission and the U.S. Department of Justice on their investigations for two years. The company said it firmly believes its accounting practices and disclosures were appropriate. Under Armour reports earnings

  • Nov 3

    McDonald’s CEO Pushed Out After Relationship With Employee

    McDonald’s chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment, and that McDonald’s forbids managers from having romantic relationships with direct or indirect subordinates. In an email to

  • Nov 3

    McDonald’s CEO Pushed Out After Relationship With Employee

    McDonald’s chief executive officer has been pushed out of the company after violating company policy by engaging in a consensual relationship with an employee, the corporation said Sunday. The fast food giant said former president and CEO Steve Easterbrook demonstrated poor judgment, and that McDonald’s forbids managers from having romantic relationships with direct or indirect subordinates. In an email to

  • Nov 3

    Saudi Arabia Formally Starts IPO of State-Run Oil Firm Aramco

    Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom’s crown jewels. An approval by Saudi Arabia’s Capital Market Authority served as the starting gun for an IPO promised by Crown Prince Mohammed

  • Nov 3

    Saudi Arabia Formally Starts IPO of State-Run Oil Firm Aramco

    Saudi Arabia formally began an initial public offering Sunday of a sliver of oil giant Saudi Aramco after years of delay, hoping international and local investors will pay billions of dollars for a stake in the kingdom’s crown jewels. An approval by Saudi Arabia’s Capital Market Authority served as the starting gun for an IPO promised by Crown Prince Mohammed

Contact Us