Business

Mattel, Barbie (NEW YORK) — There’s a brand new doll that’s going to leave a lot of preschoolers jumping for joy. Mattel has debuted one of its newest products, My First Barbie, specifically designed for preschool-aged children. The latest doll features the same look and feel as traditional Barbie dolls, but has been updated with […]

Marilyn Nieves/Getty Images (WASHINGTON) — The U.S. Department of Justice announced a $31 million settlement with City National Bank over allegations that the Los Angeles-based bank engaged in “redlining” – a pattern of lending discrimination – in Los Angeles County. The settlement, which according to the DOJ is the largest redlining settlement in the department’s […]

d3sign/Getty Images (NEW YORK) — Fans of three-egg omelets and bacon-egg-and-cheese sandwiches have more to worry about than just high cholesterol. The wholesale price of a dozen eggs has more than quadrupled year over year, and some experts warn the prices are unlikely to decrease anytime soon. Egg prices peaked during the holiday season, hurting […]

RapidEye/Getty Images (NEW YORK) — Former President Donald Trump’s namesake family real estate firm was sentenced to the maximum allowable fine Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud. The company will pay a fine of just over $1.6 million. While a prosecutor, Manhattan Assistant District Attorney […]

RapidEye/Getty Images (NEW YORK) — Former President Donald Trump’s namesake family real estate firm will be sentenced Friday in New York following its conviction on 17 counts, include a 13-year scheme to defraud. The company faces a sentence that potentially includes a $1.7 million fine. The verdict, delivered Dec. 6, held the Trump Organization liable […]

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 […]