Business

(NEW YORK) — Martin Shkreli’s lifetime ban from the pharmaceutical industry was upheld by a federal appeals court in New York on Tuesday. A three-judge panel of the 2nd U.S. Circuit Court of Appeals ruled Shkreli was punished appropriately for antitrust violations. Shkreli increased the price of the antiparasitic drug Daraprim — an anti-malaria medication […]

(NEW YORK) — Venmo, Zelle and Cash App are leaving consumers vulnerable to fraud that’s “draining bank accounts of significant sums of money,” Manhattan District Attorney Alvin Bragg said in letters to the companies that own those financial apps. He demanded they increase protections. Bragg’s letters said he was writing “in response to a growing […]

(NEW YORK) — A children’s clothing brand is facing criticism for the way it handled one employee’s request to work remotely while her newborn son was treated in the neonatal intensive care unit. The controversy erupted into public view last week when Ying Liu, the founder and CEO of Kyte Baby, a company that sells […]

(NEW YORK) — TikTok users are loud and proud, not just about their dance moves and style choices, but also when it comes to budgeting. The recent #loudbudgeting trend, which has racked up nearly 10 million views and counting, is all about sharing your savings goals and shouting it from the proverbial rooftops, and TikTokkers […]

d3sign/Getty Images, FILE (NEW YORK) — The Dow Jones Industrial Average closed above 38,000 for the first time ever on Monday, setting a record high and capping a steady rise that stretches back to last week. The S&P 500 also reached a record high, closing at about 4,850. This is a developing story. Please check […]

Gary Hershorn/Getty Images (NEW YORK) — Microsoft revealed Friday that some of its corporate email accounts were hacked by a Russian-backed group. The tech company said in a blog post that its security team detected the attack on Jan. 12 and quickly identified the group responsible: Midnight Blizzard, “the Russian state-sponsored actor also known as […]

Marko Geber/Getty Images (NEW YORK) — Sports Illustrated employees were notified on Friday that their jobs were being terminated. The Sports Illustrated union posted on X: “This is another difficult day in what has been a difficult four years for Sports Illustrated under Arena Group (previously The Maven) stewardship. We are calling on ABG to […]

Tony Anderson/Getty Images (NEW YORK) — The U.S. Postal Service will increase stamp prices starting Sunday, a USPS representative confirmed to “Good Morning America.” The cost of first-class stamps will rise from 66 cents to 68 cents for letters weighing one ounce or less. Package shipping costs will also increase by nearly six percent, with […]

(NEW YORK) — U.S. credit card debt has soared over the last couple of years and recently it reached a major milestone. Americans’ combined credit card balances topped $1 trillion dollars last year, according to the Federal Reserve Bank of New York. By comparison, combined credit card balances were $680 billion a decade ago, according […]

(NEW YORK) — Big Tech companies laid off hundreds of employees in recent days, commanding headlines and confronting workers across the economy with a question: Am I next? Amazon and Google each imposed cuts, with Apple shutting down a 121-person team in San Diego, Calif., telling workers they must either transfer to Texas or leave […]