Business

(NEW YORK) — What happens when a social media company succeeds at building a community, then threatens to destroy what its users spent years building? Devoted users of TikTok face that very question, as the app faces bipartisan criticism and a potential ban stemming from its political and national security issues. Having built niche followings […]

(NEW YORK) — Shares of First Republic Bank plummeted nearly 50% on Tuesday as the banking crisis continued to ripple through the financial system. The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered a major loss of $102 billion in deposits over the first three months of 2023, […]

(NEW YORK) — Chevrolet is saying bye-bye to the Bolt. The Chevy Bolt hatchback, as well as its crossover Bolt EUV sibling, will cease production this year, General Motors has confirmed to ABC News. The Bolt starts at just under $27,000 before federal and state electric vehicle incentives, making it the cheapest way to get […]

(WASHINGTON) — The world’s second-largest tobacco company has agreed to pay what the Department of Justice is saying is “the single largest North Korean sanctions penalty in the history of the Department of Justice.” The British American Tobacco subsidiary pleaded guilty to conspiring to commit bank fraud and violating U.S. sanctions against North Korea by selling […]

(NEW YORK) — Shares of First Republic Bank plummeted more than 25% in early trading on Tuesday as the banking crisis continued to ripple through the financial system. The regional lender, left in dire condition after the failure of Silicon Valley Bank last month, suffered a major loss of $102 billion in deposits over the […]

Mattel (NEW YORK) — Barbie is marking a new first in the doll’s 64-year history. On Tuesday, Mattel unveiled the first-ever Barbie doll with Down syndrome. The new Barbie was created through a partnership between Mattel and the National Down Syndrome Society, which describes itself as “the leading human rights organization for all individuals with […]

(WASHINGTON) — The Department of Justice has joined an investigation led by the Department of Transportation into Southwest Airlines’ meltdown in December — when the company canceled more than 16,000 flights over an 11-day period — a DOT spokesperson said. The DOT’s probe is looking into “whether Southwest engaged in unrealistic flight scheduling which is […]

(NEW YORK) — Tech giant Apple last week announced a buzzy product release — but it wasn’t a new version of its iPhone or virtual reality headset. Rather, the company offered its first ever high-yield savings account. The move reflects growing demand for returns on savings as a topsy-turvy stock market, looming recession fears and […]

(NEW YORK) — Twitter reversed a major change to its subscription policy over the weekend by reverifying some legacy accounts, including ones belonging to dead celebrities like Michael Jackson and Kobe Bryant. The Elon Musk-owned social media platform last week removed blue checkmark verification from its legacy users as part of revamp of Twitter Blue, […]

ABC News (NEW YORK) — Bed Bath & Beyond filed on Sunday for Chapter 11 bankruptcy. The company’s 360 stores — along with its 120 buybuy BABY stores — are expected to remain open as the retailer begins its bankruptcy restructuring, according to a statement released Sunday. Online sales are also expected to continue. Sue […]