Business

KARIM SAHIB/AFP via Getty Images (LONDON) — The appointment of an oil executive as head of the United Nations’ COP28 climate conference on Thursday sparked backlash from environmental organizations. The Office of the United Arab Emirates’ Special Envoy for Climate Change announced Sultan Ahmed Al Jaber, the head of the state-run Abu Dhabi National Oil […]

Lev Radin/Pacific Press/LightRocket via Getty Images (NEW YORK) — Stuck in house arrest and awaiting trial, disgraced crypto executive Sam Bankman-Fried spoke out on Thursday with the most extensive remarks since his arrest a month ago. The fallen former CEO of FTX issued a 2,300-word rebuke of fraud and conspiracy charges, replete with charts and […]

courtneyk/Getty Images (NEW YORK) — If you were banking on a hefty tax refund this year, think again. The expiration of COVID-era tax breaks means millions of Americans may get smaller refunds when they file their tax returns for 2022, and those who received refunds in recent years, may now owe the government money. “Stimulus […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 6.5% last month compared to a year ago, extending a months-long slowdown of price hikes and bolstering hopes that the U.S. can avert a recession. Year-over-year inflation has fallen for six consecutive months since it reached a peak of 9.1% in June. Despite the slowdown in […]

Javier Ghersi/Getty Images (NEW YORK) — Inflation data set for release Thursday will show whether months of cooling price increases continued in December. Evidence of further slowing would ease the strain on household budgets and bolster hopes that the U.S. can avert a recession. A sign that inflation turned upward, however, would indicate that the […]

Matias J. Ocner/Miami Herald/Tribune News Service via Getty Images (MIAMI) — The arena where the Miami Heat play can now get a new name following the collapse of cryptocurrency exchange FTX. A federal bankruptcy judge in Delaware agreed to terminate the naming-rights agreement between Miami-Dade County and FTX on Wednesday. The order terminates the 2021 […]

Image by Marie LaFauci/Getty Images (NEW YORK) — As cooling inflation offers consumers much-needed relief, many car owners are in for a rude awakening when insurance renewal arrives this year, a new report found. Car insurance rates are expected to increase by 8.4% across the U.S. in 2023, the largest rate increase in six years, […]

Javier Ghersi/Getty Images (NEW YORK) — House Speaker Kevin McCarthy, R-Calif., emerged with gavel in hand on Saturday after fierce Republican negotiations, but the concessions he made in the process have heightened concern over a potential economic crisis later this year. The empowerment of far-right House members in recent days has raised the risk of […]

Krispy Kreme Doughnuts (NEW YORK) — Frequent flyers will quickly recognize Biscoff as the addictive in-air treat from Delta airlines, but the brand has three new delicious doughnuts landing on the menu at Krispy Kreme you can try without taking flight. For a limited time in the U.S., fans can taste the new Biscoff Doughnut […]

Luke Sharrett/Bloomberg via Getty Images (NEW YORK) — The formula for success with Super Bowl commercials in the past has ranged from outrageous and funny to nostalgic, but this year one brand is betting big on fans for a creative twist to play out during the big game. Doritos announced its return to the Super […]