Business

(NEW YORK) — Consumer prices rose 3.2% in February compared to a year ago, increasing slightly from the previous month and offering the latest sign that progress toward lowering inflation has struck a rough patch, a report from the Bureau of Labor Statistics released on Tuesday showed. The fresh data came in higher than economists […]

(NEW YORK) — Airbnb has made the decision to ban the use of indoor security cameras to “prioritize the privacy of our community,” according to a statement from the company on Monday. The ban, which is a global one across all of their listings, is an effort to “simplify our policy on security cameras and […]

(NEW YORK) — Inflation data to be released on Tuesday will reveal the latest price movements, a key economic signal for central bankers weighing interest rate cuts and voters turning their attention to the general election. Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more than a percentage […]

(NEW YORK) — Sam Altman will remain as CEO of OpenAI and rejoin its board of directors following an “extensive” external investigation into his temporary ouster last year, the company’s board announced on Friday. The OpenAI Board said it has “full confidence” in the continued leadership of Altman and co-founder Greg Brockman following a monthslong […]

(WASHINGTON) — President Joe Biden declared triumph on bread-and-butter issues in his State of the Union address, describing the U.S. economy as “the strongest in the world.” Still, he said, conditions must improve for middle-class Americans, pointing for instance to high costs in the housing market that remains resistant to a cooldown elsewhere in the […]

(WASHINGTON) — Enthusiasm about the U.S. economy has soared in recent months but polls indicate most consumers still bemoan inflation. More than 60% of adults say recent price increases have caused financial hardship for their family, a Gallup poll in January found. Prices, in turn, have taken on outsized importance on the brink of a […]

(SAN FRANCISCO) — A Chinese national was arrested Wednesday in California and charged with allegedly stealing confidential trade secrets from Google’s Artificial Intelligence program while secretly working for two AI startup companies based in China, according to a newly unsealed indictment. Linwei Ding, a 38-year-old resident of Newark, joined Google as a software engineer in […]

(NEW YORK) — Target has announced a paid membership program set to begin next month, launching a subscription service similar to those on offer at competitors Amazon and Walmart. The membership program, called Target Circle 360, will cost $99 per year, unless new customers sign up at a discounted rate of $49 available until May […]

(LAS VEGAS) — Las Vegas is testing the future of airport screening with self-security checks and ABC News’ Good Morning America got a firsthand look at how it works. ABC News transportation correspondent Gio Benitez went to Harry Reid International Airport to try what could be the future of air travel with the Transportation Security […]

(NEW YORK) — Tax season, for many, conjures kitchen-table drudgery spent revisiting pay stubs and financial choices. For some, though, a reward awaits: a tax refund. The possibility and scale of a refund can hinge on the approach taken by a tax filer, financial advisors told ABC News. Tax credits, retirement account contributions and deductibles […]