Business

(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 […]

Alex Wong/Getty Images (WASHINGTON) — U.S. Federal Reserve Chair Jerome Powell told reporters Wednesday that the Fed staff no longer forecasts a recession for the U.S., and there is a chance inflation could return to target without high job losses. In April, the Federal Reserve staff expected the regional bank crisis to tip the economy into […]

(WASHINGTON) — The Federal Reserve raised its benchmark interest rate another 0.25% on Wednesday, reviving its inflation fight despite a significant cooldown of price increases in recent months. The rate hike brought the Fed’s benchmark interest rate to a 22-year high of between 5.25% and 5.5%. Inflation has fallen significantly from a peak last summer, but […]

(NEW YORK) — For couples ready to take that next step together, there’s nothing like planning a wedding — then going into sticker shock after discovering just how much it’s going to cost. The average cost of a wedding in 2022 was about $30,000, according to wedding planning site The Knot. And that figure isn’t […]

(NEW YORK) — If you travel often, you’ve probably heard the rule of thumb, to book during the opposite season — sort of like Christmas in July or buying a winter coat at a deep discount during summer. Experts say the logic is the same for booking holiday flights or a winter getaway for less. […]

(NEW YORK) — Alarm over a possible recession has blared for well over a year, but in recent months a cooldown of inflation alongside resilient job gains has quieted the din. Growing optimism among some forecasters that the economy could avoid a recession altogether, however, faces a pair of tests this week. The Federal Reserve […]

(WASHINGTON) — The Federal Reserve on Wednesday will decide whether to revive an aggressive series of interest rate hikes and may indicate a willingness to soon end its full-throttle inflation fight. Last month, the central bank left its benchmark interest rate unchanged, ending a string of 10 consecutive rate increases that stretched back 15 months. […]

(NEW YORK) — UPS and the International Brotherhood of Teamsters, a union representing about 330,000 UPS employees in the U.S., have reached a tentative collective bargaining agreement. Contract negotiations between UPS and the Teamsters restarted on Tuesday after breaking down earlier this month. The two sides faced a July 31 deadline, at which point the Teamsters […]

(NEW YORK) — Picnics are synonymous with summertime, and while it can be fun to curate the perfect combination of snacks and foods at home, Shake Shack is making it easier than ever with its new “Veg Out” kit, complete with the chain’s newest plant-based menu items. Shake Shack, Danny Meyer’s modern-day roadside burger stand, […]

Trader Joe’s (NEW YORK) — Trader Joe’s shoppers should check their pantries for two kinds of the company’s cookie products that were recently recalled because they “may contain rocks.” The retailer announced in a press release on July 21 that it had been notified about the possible contamination by a supplier. The two kinds of […]