Business

(NEW YORK) — As car prices have climbed in recent years, bright-colored signs at dealerships and boldface headlines have blared warnings to buyers. But less attention has been paid to the jump in price for a stiff expense that comes along with the vehicle: insurance. Car insurance rates have climbed 36% since January 2020, according […]

(CHICAGO) — With the economy looming large in the 2024 election, Treasury Secretary Janet Yellen said Thursday she sees “no reason” for a recession this year and insisted consumers are turning more optimistic about their finances. “I think 2024 is going to be a very good economic year. That said, there are always risks,” Yellen […]

(NEW YORK) — Apple Vision Pro, a mixed reality headset, arrives in stores next week promising a personal movie theater wherever users go and screen navigation at the tap of a finger. The buzzy product, however, bears a price sure to deflate some customers. The most affordable model runs $3,499 while a higher-powered version reaches […]

(WASHNGTON) — Energy Secretary Jennifer Granholm can relate to Americans’ anxiety over electric vehicles. The former governor of Michigan and longtime EV owner (who currently drives a Ford Mach-E) says she has experienced her own challenges with public charging on road trips. She has heard from drivers who are reluctant to give up their eight-cylinder […]

(NEW YORK) — Shares of Tesla plummeted more than 10% in afternoon trading on Thursday, less than 24 hours after the company reported earnings that fell short of expectations and cautioned of sluggish sales over the duration of this year. Revenue and profits missed analyst expectations over the three months ending in December, according to […]

(NEW YORK) — Lactose intolerant coffee drinkers who opt for nondairy alternatives like soy, almond or oat milk in their drinks at Dunkin’ may pay as much as $2 more for the alternatives, which a new potential class-action lawsuit claims could constitute discrimination. The suit, filed last month in the U.S. District Court for the […]

d3sign/Getty Images (NEW YORK) — With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents. The changes will eventually apply to around 170 million letters that are sent out to individual taxpayers every year. The notices, for example, remind taxpayers of how […]

(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 […]