Business

(SAN DIEGO) — Michael Quan was just 36 when he retired. Today, the father of two from San Diego is 46 and living a life of his choosing, having achieved his goal of financial independence. “The goal wasn’t necessarily to retire super early. It was to really get to a place of financial independence or […]

(NEW YORK) — Prince Harry and Meghan’s much-heralded deal with Spotify, one of the first deals they announced after leaving their royal roles, has come to an end. Spotify and Archewell Audio, Harry and Meghan’s production company, confirmed the end of the partnership in a joint statement, saying, “Spotify and Archewell Audio have mutually agreed […]

(PHILADELPHIA) — The collapse of a section of Interstate 95 in Philadelphia left Glenn Messinger scrambling to find new routes for 40 trucks that deliver food each day from a warehouse located a block away from the wreckage. “It’s a huge hassle,” said Messinger, the vice president of branch operations for Baldor Specialty Foods, which […]

(NEW YORK) — Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges. The offer to sever five of the 13 charges followed a ruling earlier this week in the Bahamas that […]

(NEW YORK) — The indictment of former President Donald Trump on federal charges last week has elicited outcry from many of his prominent supporters in Washington D.C., who have denounced the prosecution as politically motivated or downplayed the alleged crimes. While many of Trump’s top allies in the business community have largely remained quiet, some […]

(NEW YORK) — A New Jersey jury ruled unanimously in favor of a former Starbucks employee who sued the company for wrongful termination, claiming that she was fired for being white. Shannon Phillips, a former regional director for the chain, claimed in a lawsuit first filed in 2019 that “her race was a determinative factor” […]

Grace Cary/Getty Images (NEW YORK) — The seal of approval from the U.S. Department of Agriculture on meat and poultry you see at the grocery store may soon carry more weight thanks to an update to labeling guidelines for meat producers that will more rigorously verify how animals were raised. The government agency announced a […]

RapidEye/Getty Images (NEW YORK) — Instant Brands, the parent company of beloved kitchenware and houseware brands like Pyrex glassware and Instant Pot, has filed for Chapter 11 bankruptcy protection. Earlier this week, Instant Brands announced the voluntary court-supervised process in a press release, stating that it will give the company “time and flexibility” for ongoing […]

(WASHINGTON) — The Federal Reserve paused its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months. Nearly all members of the decision-making committee believe the central bank will need to impose at least one additional rate hike this year, Fed Chair Jerome Powell said […]

(WASHINGTON) — The Federal Reserve is expected to pause its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months. The decision arrives a day after fresh data showed consumer prices rose 4% last month compared to a year ago, cooling more than economists […]