Business

(NEW YORK) — Consumer prices rose 3.7% in September compared to a year ago, holding steady from the previous month and running hotter than economists had expected. While inflation has fallen significantly from a peak of about 9% last summer, price increases remain more than a percentage point higher than the Fed’s inflation target. The […]

(NEW YORK) — Inflation data to be released on Thursday will show whether price increases cooled or accelerated in September, offering the latest snapshot of expenses faced by U.S. households as the Federal Reserve readies to decide another rate hike next month. Economists expect consumer prices to have increased 3.6% over the year ending in […]

(NEW YORK) — Mortgage rates stand at their highest level in more than two decades. The average rate for credit card holders tops anything on record at the Federal Reserve. Car loans have returned to 2008 levels, car research group Edmunds found. Pain-inducing interest rates for just about any loan, experts said, trace to an […]

(NEW YORK) — FTX founder Sam Bankman-Fried believed in utilitarianism and thought rules against lying or stealing inhibited his ability to maximize the greatest benefit for the most people, his former girlfriend and co-worker testified Wednesday at his federal fraud trial. “He didn’t think rules like ‘don’t lie’ or ‘don’t steal’ fit into that framework,” […]

Catherine McQueen/Getty Images (WASHINGTON) — The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees — those hidden costs that can unexpectedly push up prices consumers pay at checkout. The proposed rule would apply to many industries across the economy, including event tickets, hotels and apartment rentals. If the rule […]

(NEW YORK) — Oil prices have climbed over fears the Israel-Hamas war could embroil the wider petroleum-producing Gulf region and threaten global output. The global Brent oil benchmark rose nearly 5% in trading on Monday, reversing some of a major decline in recent weeks that had cheered many market onlookers and car drivers. The price of […]

(LOS ANGELES) — Hollywood writers in the Writers Guild of America have ratified the 2023 tentative agreement with the Alliance of Motion Picture and Television Producers. “Through solidarity and determination, we have ratified a contract with meaningful gains and protections for writers in every sector of our combined membership,” Writers Guild of America West President […]

Catherine McQueen/Getty Images (NEW YORK) — The latest Powerball numbers for Monday’s $1.5 billion prize have been selected, but no one got all of them. Monday night’s winning numbers were 16, 34, 46, 55, 67 and Powerball number 14. The multiplier was 3. Powerball updated the results late Monday night to confirm that the draw […]

(NEW YORK) — If you’re feeling unseen because you are not doing what others in society are expecting you to do, whether socializing on the weekends, or figuring out life as an adult, that’s where Danny Casale’s art comes to the rescue. Reaching millions of audiences using his artist name Coolman Coffeedan, Casale’s work revolves […]

Catherine McQueen/Getty Images (NEW YORK) — No Powerball jackpot winner was declared in Saturday’s Powerball drawing which means the prize has soared to an estimated $1.55 billion for the next drawing. The winning numbers drawn for Saturday’s jackpot were: 47, 54, 57, 60, 65 and red Powerball 19. The power play was 3. The Powerball […]