Business

Chip Somodevilla/Getty Images (WASHINGTON) — The U.S. risks defaulting on its debts as early as July unless the borrowing limit is raised, the nonpartisan Congressional Budget Office said in a report on Wednesday. The federal government on Jan. 19 reached its approximately $31.4 trillion debt ceiling — which legally caps how much the U.S. can […]

(NEW YORK) — The culture wars, fought nationwide in school board meetings and college classrooms, have entered a new arena: Wall Street. A sharp political divide has emerged over environmental, social and governance investing, or ESG, a type of investing that takes into account non-financial information about a company, such as its climate impact and […]

contrastaddict/Getty Images (NEW YORK) — Tesla plans to open a portion of its U.S. charging network to competing electric vehicle makers, the Biden administration said on Wednesday. The carmaker plans to open about 7,500 charging stations across the U.S. before the end of 2024, officials said on Wednesday. The update from Elon Musk’s car company […]

(NEW YORK) — As the Easter season nears, with Ash Wednesday on Feb. 22, fast-casual restaurant chains have released specialty seafood-forward menu items ideal for practicing Christians during Lent. For those unfamiliar, Lent is the six-week period between Ash Wednesday and Easter during which many Christians abstain from eating meat on the holy days of […]

(NEW YORK) — Romance scammers raked in big bucks in 2022, deceiving almost 70,000 people out of $1.3 billion, according to a new report from the Federal Trade Commission. According to the FBI, romance scammers create an online identity to gain a person’s trust and affection and then use that relationship to steal or manipulate […]

(NEW YORK) — After a summer in the sun, Jessica Auriana said she felt like her hair was left dry and brittle. Looking for a refresh, the 44-year-old said she turned to her hairstylist, who suggested the Olaplex hair care line as a possible solution to her problems. Auriana said she purchased a shampoo, conditioner […]

(NEW YORK) — Robots holding platters of plantains and shrimp zoom between tables at Sergio’s, a Cuban restaurant in Miami, where the waist-high machines use artificial intelligence to evade strollers, toddlers and even each other. The restaurant brought in the androids after the pandemic struck, said Carlos Gazuita, the CEO of the chain restaurant. People […]

(NEW YORK) — Consumer prices rose 6.4% last month compared to a year ago, continuing a months-long slowdown of price increases despite blockbuster job growth that revealed an economy running hotter than expected, government data on Tuesday showed. The data marked the seventh consecutive month of smaller price hikes. In December, year-over-year inflation was 6.5%. […]

(NEW YORK) — Inflation data set for release on Tuesday will show whether the U.S. continued a months-long streak of easing price increases despite blockbuster job growth last month that revealed an economy running hotter than expected. Forecasters predict that year-over-year inflation stood at 6.2% in January, which would mark the seventh consecutive month of […]

(NEW YORK) — Some people watched Super Bowl LVII for the big game, while others watched for the halftime show when superstar Rihanna made her long-awaited return to music and, of course, we can’t forget the commercials. Companies from Bud Light to PopCorners teased their commercials and spent big money ahead of the game, with […]