Business

(WASHINGTON) — Federal Reserve Chair Jerome Powell said Tuesday that the central bank’s fight against inflation has “a long way to go,” citing a blockbuster jobs report last week that showed the labor market remains hot despite the Fed’s efforts to cool the economy. “This process is likely to take quite a bit of time,” […]

Joshua Derr/Getty Images (NEW YORK) — The Queen of Salsa and Cuban icon Celia Cruz has been selected to appear on the U.S. quarter. Cruz, who died in 2003, was selected by the United States Mint to be one of the five honorees in the 2024 American Women Quarters Program. The American Women Quarters Program […]

Fuse/Getty Images (NEW YORK) — AMC Theatres announced a new ticket pricing initiative Monday that has customers paying based on where their seat is located. The initiative, called Sightline at AMC, is described by the company in a press release as a way for moviegoers to “now have the option to pay less, or more, […]

(NEW YORK) — A major set of changes to the rules for retirement finances took effect this year, but many people may not have noticed. The rules were buried within a 4,000-page long, $1.7 trillion spending measure signed by President Joe Biden in December. The batch of changes, called Secure Act 2.0, affords people greater […]

(MOUNTAIN VIEW, Calif.) — If you ever needed artificial intelligence’s help to plan a friend’s baby shower, your time has come, as Google officially unveiled an AI program it’s calling Bard, seemingly its answer to the viral ChatGPT. Google CEO Sundar Pichai announced Bard on the company’s blog Monday, calling it “an important next step” in […]

Gary Hershorn/Getty Images (NEW YORK) — United Airlines is facing a possible $1.15 million fine after allegedly conducting flights with planes that hadn’t undergone a certain safety check, federal regulators said, though United called the check “redundant” given other systems. The Federal Aviation Administration (FAA) proposed the fine on Monday and said that from June […]

(NEW YORK) — FTX’s new chief executive told a bankruptcy court Monday there is “a danger” to authorizing an independent investigation of the crypto exchange’s collapse. John Ray said he had no use for prior court-supervised investigations into other companies he steered through bankruptcy. “Neither in Enron nor in Residential Capital did I make use […]

(NEW YORK) — Treasury Secretary Janet Yellen rejected recession fears in an interview with ABC News’ Good Morning America on Monday, saying the economy remains “strong and resilient.” A blockbuster jobs report last week showed that the economy added 517,000 jobs in January, dropping the unemployment rate to a near-historic low. “You don’t have a […]

(NEW YORK) — The job market is booming despite high-profile layoffs at companies like Amazon, Microsoft, Twitter and Goldman Sachs. The economy added a staggering 517,000 jobs in January, more than double the employment growth a month prior and well above the breakneck pace of some 400,000 monthly jobs added on average last year, according […]

Douglas Sacha/Getty Images (WASHINGTON) — U.S. employers added 517,000 jobs to their payrolls in January, the latest figures released Friday by the Labor Department show. The number of jobs added far exceeded what economists had expected and is more than double the amount added in December — 223,000. The biggest gains in employment last month […]