Business

Anton Petrus/Getty Images (NEW YORK) — Growing recession alarm at the outset of this year warned of a coming business slowdown and significant job losses — until a government report last month showed that unemployment stands at its lowest level in more than 50 years. A couple weeks later, in mid-February, fresh retail sales data […]

The Good Brigade/Getty Images (NEW YORK) — Social media platform TikTok will set a default 60-minute screen time limit for users below age 18, the company announced on Wednesday. When the one-hour limit expires, young users will be prompted to enter a password that allows them to continue viewing the app, the company said. Young […]

Kinga Krzeminska/Getty Images (NEW YORK) — When Alyn Carroll received information that her Supplemental Nutrition Assistance Program (SNAP) will soon be substantially decreased, her emotions almost overtook her. “I wanted to cry,” Carroll, 56, told ABC News. “I wanted to cry because I just started feeling comfortable where I could budget every week a certain […]

Caíque de Abreu/Getty Images (NEW YORK) — Eli Lilly will cut the price of its most commonly prescribed insulin products by 70% and expand a program that caps patient costs at $35 per month, the company said on Wednesday. “While the current healthcare system provides access to insulin for most people with diabetes, it still […]

Official White House Photo by Cameron Smith (WASHINGTON) — The Commerce Department is requiring companies that apply for tens of billions in government funding to make semiconductors to allocate some of the money they get to provide workers with child care, the department announced on Tuesday. Tasked with allocating the more than $50 billion, including […]

Virojt Changyencham/Getty Images (NEW YORK) — JP Morgan Chase faced new accusations from Charlie Javice, the young entrepreneur behind the student financial aid startup Frank, which the bank acquired in a $175 million transaction chief executive Jamie Dimon has since called “a huge mistake.” Javice fired back on Monday, formally denying the bank’s fraud allegations […]

Scott Olson/Getty (BELVIDERE, Ill.) — Over a thousand automotive workers in Illinois will clock out of a Jeep assembly plant for the last time Tuesday, stopping what a local union president described as the “heartbeat” of the small city. In December, multinational automotive giant Stellantis announced that they would be “idling” their Belvidere, Illinois, assembly […]

Dan Kitwood/Getty Images (WASHINGTON) — The backlash against China-owned TikTok in the U.S. and other Western countries escalated in recent days, as some U.S lawmakers pushed to give President Joe Biden the authority to impose a ban on the app for all users. Canada banned TikTok on government-issued mobile devices on Monday, following a similar […]

Beata Zawrzel/NurPhoto via Getty Images (NEW YORK) — Nishad Singh, former director of engineering at FTX, the bankrupt cryptocurrency exchange founded by Sam Bankman-Fried, agreed Tuesday to plead guilty to criminal charges, according to his lawyers and federal prosecutors in New York. Singh agreed to plead guilty to six counts of fraud and conspiracy contained […]

Greg Bajor/Getty Images (NEW YORK) — Airlines around the world are changing flight schedules for thousands of upcoming summer flights. If you’ve already booked a flight for May, June, July or August, there is a chance your departure time or day of travel has changed. Airlines publish schedules about a year out from departure and […]