Business

Mint Images/Getty Images (NEW YORK) — Disgraced crypto executive Sam Bankman-Fried deserves to have his bail revoked and to be detained before he is tried for fraud and conspiracy charges stemming from the collapse of FTX, federal prosecutors in New York said in a new court filing. Prosecutors balked at Bankman-Fried’s sharing with The New […]

(NEW JERSEY)– The lack of available homes on the market is near historic lows, sparking fierce bidding wars in cities across the country – and prompting many buyers to get creative with their offers. In June, 1.08 million homes were for sale nationwide, according to the National Association of Realtors (NAR), down 13.6% from a […]

(NEW YORK) — CVS Health is laying off 5,000 employees as part of an effort to shed costs, the retail and pharmacy chain confirmed on Tuesday. The layoffs will primarily affect “non-customer facing positions” such as corporate roles, the company said, adding that it does not expect the move to impact brick-and-mortar stores, pharmacies and […]

Trader Joe’s (NEW YORK) — Trader Joe’s has issued a voluntary recall of its Unexpected Broccoli Cheddar Soup that was distributed in seven states after a supplier informed the retailer it “may contain insects.” On Thursday, Trader Joe’s announced the recall online to its “valued customers,” after the supplier, Winter Gardens Quality Foods, Inc., first […]

(NEW YORK) — Ravenn Moore, a 43-year-old mom in the Detroit area, said she accumulated tens of thousands of dollars of debt while earning both her bachelor’s and master’s degrees as a first-generation college student. Over the next decade, Moore said the interest on her student loans caused her debt to balloon to over $100,000. […]

(NEW YORK) — The Federal Reserve raised interest rates to a 22-year high this week — a milestone that carries major implications for the finances of everyday people, experts told ABC News. The move escalated an aggressive series of rate hikes that has helped dramatically reduce inflation from a peak last summer. But the historically […]

(NEW YORK) — Anheuser-Busch plans to lay off hundreds of corporate employees, a company spokesperson told ABC News on Thursday. The layoffs come months after a product endorsement from Dylan Mulvaney, a transgender influencer, in April set off a consumer boycott among conservatives that hammered sales. The layoffs will affect “less than 2%” of the […]

(NEW YORK) — U.S. economic growth accelerated over three months ending in June, blowing past economist expectations and rebuking concern about a possible recession. The U.S. gross domestic product grew by a 2.4% annualized rate to finish the first half of 2023, according to government data released Thursday. The results mark an advance from the […]

(NEW YORK) — United Airlines announced Thursday that it is the first U.S. airline to add Braille to its aircraft cabin interiors. The airline has about a dozen planes outfitted with Braille already, and plans to add Braille to its entire mainline fleet of more than 900 planes by 2026. The Braille will help blind […]

(NEW YORK) — Fears of a recession have cast a thundercloud over the economy for many months but forecasters sun-kissed by falling inflation and a robust jobs market have grown optimistic about the U.S. averting a downturn. Gross domestic product data to be released by the federal government on Thursday will show if and how […]