Business

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 […]

(NEW YORK) — Nearly two years ago in June 2021, mom Fran Humphreys got a phone call at work that no parent wants to receive. “I was called at work and came home to the chaos and the grief,” the nurse recalled to ABC News’ Good Morning America. Fran Humphreys was told that her 20-year-old […]

(NEW YORK) — When Karissa Warren lost her job as a kitchen manager in December, she worried about how she and her husband would continue to pay off over $10,000 in credit card debt they had accumulated during previous financial rough patches. Worsening the problem, high inflation had hiked the couple’s everyday costs, including meals […]

Ben Hasty/MediaNews Group/Reading Eagle via Getty Images (NEW YORK) — Ira “Bob” Born, known lovingly as the “Father of Peeps,” the famed marshmallow candies, has died at 98. Just Born Quality Confections announced Wednesday that Born, who was the son of the company’s founder Sam Born, “passed away peacefully on the morning of January 29.” […]

(WASHINGTON) — The push on Capitol Hill to rein in China-owned social media network TikTok has set its sights on tech giants Apple and Google. Sen. Michael Bennet, D-CO, sent a letter to Apple CEO Tim Cook and Google CEO Sundar Pichai on Thursday calling on their companies to remove TikTok from their respective app […]

(WASHINGTON) — The Federal Reserve said Wednesday it was raising its short-term borrowing rate another 0.25%, the central bank’s second consecutive decision to slow rate increases while extending an effort to cool the economy and dial back inflation. The Fed has put forward a string of borrowing cost increases as it tries to slash price hikes […]