Business

(NEW YORK) — U.S. economic activity changed little in recent weeks as hiring stalled, prices grew modestly and the private sector feared uncertainty tied to the 2024 election, a Federal Reserve report released on Wednesday showed. A rosy outlook nevertheless pervaded the findings, since industry officials anticipated interest rate cuts this year, the report said. […]

(NEW YORK) — Tens of millions of Americans who overdraft on their bank accounts each year may soon enjoy major relief. The government agency in charge of protecting consumers’ finances introduced a new rule to rein in overdraft fees charged by banks. Americans paid a total of nearly $300 billion in overdraft fees over the […]

(NEW YORK) — Several major retailers are re-evaluating self-checkout for customers after analysts have seen inventory loss. “Retailers are really starting to use technology in order to look at the shrink problem,” Hitha Herzog, chief research officer of H Squared Research, told ABC News’ Good Morning America. “The technology that is powering self-checkout is also […]

(NEW YORK) — Electric vehicle charging stations could spring up at gas stations and grocery stores throughout Wisconsin, after the state Senate passed a proposed bill on Tuesday. The bill, which passed by a 30-2 vote, would ease restrictions on businesses that install chargers and impose a tax on electricity sold to electric vehicle owners. […]

(NEW YORK) — Tesla CEO Elon Musk is seeking greater voting control of the electric carmaker, threatening to otherwise pursue major projects such as artificial intelligence outside of the company, he said in a post on X. The Tesla board, Musk said, should grant him 25% voting control, an amount that would nearly double the vote […]

(NEW YORK) — In a dispiriting sign of the times, barely more than a quarter of Americans say the American dream still holds true — about half as many as said so 13 years ago. Defined as “if you work hard you’ll get ahead,” just 27% in a new ABC News/Ipsos poll say the American […]

(NEW YORK) — U.S. airstrikes against Houthi targets in Yemen on Thursday night escalated an ongoing conflict over a shipping route that holds significant implications for oil prices and inflation. The military operation, undertaken in partnership with the United Kingdom, came in response to a monthslong series of attacks carried out by Iran-backed Houthi rebels […]

Eric Thayer/Bloomberg via Getty Images (WASHINGTON) — The Federal Aviation Administration announced it will take the significant step of increasing its oversight over Boeing and begin an immediate audit of Boeing’s production and manufacturing in the wake of the door plug blowing out of an Alaska Airlines flight last week. The audit will “evaluate Boeing’s […]

(WASHINGTON) — eBay will pay a $3 million criminal penalty for a campaign of harassment and intimidation undertaken by company executives that included anonymous home deliveries of a bloody pig mask, live insects and a funeral wreath, the Department of Justice said on Thursday. The harassment targeted a Massachusetts couple for its online coverage of […]

(NEW YORK) — Trading is set to begin for a new type of bitcoin fund that gives investors access to the crypto market without some of the hassle and fees of owning bitcoin outright. Freshly approved by federal regulators, bitcoin ETFs — Exchange-Traded Funds — allow investors to buy an asset that tracks the price […]