Business

Spectre is a “Rolls-Royce first, electric car second,” the company says. — Rolls-Royce (NEW YORK) — It’s a trend that’s surprised even Rolls-Royce executives: Tesla owners frantically placing preorders for Spectre, the first all-electric Rolls-Royce that costs more than $400,000. The 118-year-old British automaker begins production of Spectre, a chic, uber-luxe coupe that seats four, […]

Patrick T. Fallon/AFP via Getty Images, FILE (NEW YORK) — First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said. Silicon Valley Bank, a regional lender with about $210 billion in assets, collapsed earlier this month. The bank had been the 16th largest […]

Alex Wong/Getty Images (NEW YORK) — The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress. Instead, the Federal Reserve on Wednesday imposed another hike, extending a yearlong blitz of rate increases that risks further banking woes […]

Justin Sullivan/Getty Images (NEW YORK) — Gordon Moore, the co-founder and former chairman of tech giant Intel, died Friday at the age of 94, the company and the Gordon and Betty Moore Foundation announced. A press release stated Moore died “surrounded by family” in Hawaii. Moore and Robert Noyce founded Intel in 1968. Moore initially served […]

Bill Pugliano/Getty Images (NEW YORK) — United Nations Secretary-General Antonio Guterres said that the world is “on thin ice” and called for “climate action on all fronts” earlier this week while revealing the latest U.N. climate report. The report said that greenhouse gas emissions continue to grow as chances of slowing climate change shrink — […]

Dunkin’ (NEW YORK) — From the iconic Egg McMuffin at McDonald’s to French Toast Sticks at Wendy’s, the competition among fast food chains to serve Americans breakfast has registered another entry. Dunkin’ launched its latest menu offering, Breakfast Tacos, on Wednesday to capitalize on consumers’ love of on-the-go options to start the day. The tacos […]

Kinga Krzeminska/Getty Images (NEW YORK) — One woman who said her family was in debt and one step away from financial disaster made a change in her spending at the grocery store that’s paying off big. Becky Guiles, known as the “Freebie Lady” on social media, shared her money-saving method with ABC News’ Good Morning […]

Photo by Mike Kline (notkalvin)/Getty Images (WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers. The China-based app, which counts more than 150 million U.S. users […]

Photo by Mike Kline (notkalvin)/Getty Images (WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers. The China-based app, which counts more than 150 million U.S. users […]

Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday. The company plans to close many underperforming stores in shopping malls while focusing on strengthening its standalone stores with new concepts, Foot Locker said during […]