Business

lechatnoir/Getty Images (WASHINGTON) — The U.S. Department of Transportation introduced a new online tool for airline customers on Monday — a dashboard that aims to cut down on and ultimately eliminate extra fees families often pay for young children to sit with an adult family member, relative or caregiver on a flight. The Airline Family […]

Bloomberg Creative/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell on Tuesday warned of potentially devastating consequences of a U.S. debt default and called on Congress to raise the debt ceiling. Speaking to the Senate banking committee, Powell said a potential U.S. debt default could be “extraordinarily adverse and do longstanding harm.” “At the end […]

Bloomberg via Getty Images, FILE (WASHINGTON) — The Justice Department on Tuesday filed a lawsuit to stop the proposed merger between JetBlue and Spirit Airlines. The $3.8 billion merger would create the nation’s fifth largest airline, and would be the first U.S. airline merger since 2016 when Alaska Airways bought Virgin Atlantic. In anticipation of […]

Fabrice Coffrini/AFP via Getty Images (NEW YORK) — Toblerone, the triangular-shaped chocolate with Switzerland’s famed Matterhorn mountain immortalized on its packaging, will soon be changing its look to adhere to Swiss legislation. The candy bar, which is molded to mimic a mountain peak, can no longer be dubbed “Swiss chocolate” after Mondelez, the parent company […]

Zbigniew Bzdak/Chicago Tribune/Tribune News Service via Getty Images (NEW YORK) — Electric carmaker Tesla slashed the prices of its two most expensive cars in the U.S., the automaker’s website showed on Monday. The price cuts affected the performance version of the Model S and the more expensive Model X. The move follows a previous cut […]

Samyukta Lakshmi/Bloomberg via Getty Images (NEW YORK) — Anna Gifty Opoku-Agyeman, a graduate student studying economics and public policy at Harvard Kennedy School, who is Black, said she never would have entered the field if she hadn’t met Lisa Cook. In 2017, then an undergraduate math major with little familiarity with economics, Opoku-Agyeman attended a seminar […]

Olivier Douliery/AFP via Getty Images (NEW YORK) — Amazon has paused construction on its second headquarters in Virginia, known as “HQ2,” the company said Friday. The first phase of the HQ2 campus, called Met Park, will open in June for 8,000 employees, an Amazon spokesperson said. The company delayed completion of the second phase but […]

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 […]