Business

(NEW YORK) — Boeing has come under fire and intense scrutiny ever since a door plug flew out of an Alaska Airlines flight on Jan. 5. Investigators revealed the plane, a 737 Max, was missing key bolts when the door was installed. The company has been accused of not doing enough to ensure its aircraft […]

(NEW YORK) — Consumers saddled with high credit card and mortgage rates held onto a source of solace in recent months: A forecast from the Federal Reserve promising long-awaited interest rate cuts. The economy has refused to cooperate, however, casting that financial relief into doubt. Fresh price data released on Wednesday marked the third consecutive […]

(NEW YORK) — Starting Wednesday, internet users will now have more transparency about their broadband services. The Federal Communications Commission now requires broadband providers to display all the information about the price and performance of their services in clear labels. Alejandro Roark, the chief of the consumer and governmental affairs bureau for the FCC, spoke […]

(WASHINGTON) — If the U.S. Postal Service gets its way, the price of a first-class stamp will go up for the fourth time in less than two years. The USPS is proposing hiking the cost of a first-class stamp to 73 cents, or roughly 7% on all forms of postage. If approved, the plan, which […]

(NEW YORK) — Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed. The finding matched economists’ expectations. Price increases have cooled dramatically from a peak of […]

(NEW YORK) — Elected officials, investors, and everyday households await fresh inflation data on Wednesday that is set to reveal whether the fight to cool price increases remains mired in a rough patch. Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more than a percentage point higher than […]

(NEW YORK) — Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up. The company’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Over the same period, that index has risen about 10%. Shrinking car sales, major setbacks in […]

(NEW YORK) — Walmart shoppers may be entitled to up to $500 in cash after the retail giant agreed to pay $45 million to settle a class action lawsuit over “weighted goods.” The company, which has denied any wrongdoing, was accused of overcharging customers for sold-by-weight items such as meat, poultry, pork, seafood and bagged […]

(NEW YORK) — In the wake of a recent cyberattack on Omni Hotels & Resorts that prompted a “shut down [of] its systems to protect and contain its data,” experts are reminding people of the actions guests can take to preserve their digital safety and weighing in on risks facing the hospitality industry at large. […]

(NEW YORK) — Artificial intelligence commands the attention of corporate giants and political leaders but a global race is underway to develop what some experts consider the next transformative technology: quantum computing. The computers, which draw on theoretical physics, could drive advances in everything from drug research to stock investing to encryption, promising an economic […]