Business

(NEW YORK) — The U.S. Department of Labor (DOL) fined three McDonald’s franchisees after an investigation determined that hundreds of children — including two 10-year-olds — were working there in violation of federal labor law. The investigation was part of the Wage and Hour Division’s efforts to end child labor abuses in the Southeast, the […]

(NEW YORK) — Major changes at Twitter under CEO Elon Musk in recent months have elicited some calls for an alternative platform. One such app, Bluesky Social, has drawn attention as a possible Twitter rival and amassed a waitlist of aspiring users. Launched by former Twitter CEO Jack Dorsey, Bluesky features some prominent users, including model […]

(WASHINGTON) — The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, escalating the central bank’s attack on inflation just two days after the forced sale of First Republic Bank. The Fed’s 10th consecutive rate increase arrives less than a week after fresh government data showed that U.S. economic growth slowed over the first […]

(WASHINGTON) — Millions of Americans who rely on federal payments to make ends meet, could be negatively impacted if the government is unable to pay its bills come June 1. If allowed to happen, economists agree the first debt default in U.S. history would be an economic catastrophe and could trigger a global financial crisis. Allowing the U.S. […]

Narisara Nami/Getty Images (NEW YORK) — In a sea of quality job candidates, you need to make sure your resume is up to snuff and easily skimmable for recruiters to quickly decide to pull yours from the pile. It can take just six seconds to make an impression with your resume, according to The Wall […]

(NEW YORK) — Eight people and six companies have been charged in a series of indictments with pervasive fraud and corruption in the construction industry, motivated by “greed at all costs,” Manhattan District Attorney Alvin Bragg Jr. said Tuesday while announcing the indictments. The defendants allegedly deceived government agencies that award projects to minority and women-owned […]

(NEW YORK) — Eight people and six companies have been charged in a series of indictments with pervasive fraud and corruption in the construction industry, motivated by “greed at all costs,” Manhattan District Attorney Alvin Bragg Jr. said Tuesday while announcing the indictments. The defendants allegedly deceived government agencies that award projects to minority and women-owned […]

(NEW YORK) — If you’re looking to buy a home, new federal rules may impact how much you pay for a mortgage. Beginning May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs). Those fees are based on things including […]

(NEW YORK) — Summer is less than two months away so it’s high time to lock in any family vacation plans to avoid breaking the bank. ABC News’ Good Morning America tapped two top travel experts to help your family get ready to hit the road, rail, sky or seas this summer with ease. See […]

(NEW YORK) — The collapse of First Republic Bank on Monday left it under control of the U.S. government, which quickly sold the bank to JPMorgan Chase. The move aimed to shore up the financial system after a cascade of major bank failures. JPMorgan Chase, the nation’s largest bank, retained the majority of First Republic’s […]