Business

President of the International Brotherhood of Teamsters Sean O’Brien speaks on the first day of the Republican National Convention, July 15, 2024, in Milwaukee. (Chip Somodevilla/Getty Images) (NEW YORK) — Vice President Kamala Harris has received endorsements from most of the nation’s top labor unions, with a key exception: The International Brotherhood of Teamsters. Teamsters […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 2.9% in July compared to a year ago, cooling slightly from the previous month and extending a monthslong slowdown of price increases. The fresh inflation reading outperformed economists’ expectations, reaching its lowest level since 2021. Inflation has slowed for five consecutive months, reversing a surge in […]

RapidEye/Getty Images (NEW YORK) — Are a 1938 Alfa Romeo 8C 2900B Lungo Spider and a 1960 Ferrari 250 GT SWB California enough to convince wealthy collectors to shell out millions of dollars at California’s Monterey Car Week? As thousands descend on Monterey and Carmel for the world’s largest car event, deep-pocketed collectors have pulled […]

Javier Ghersi/Getty Images (NEW YORK) — Fresh inflation data on Wednesday will show whether the U.S. has extended a monthslong stretch of progress in the fight to slow price increases. The latest price reading is set to arrive within days of a dramatic bout of market turmoil triggered in part by heightened pessimism about the […]

A sign is posted in front of a Chuck E. Cheese pizza restaurant on Dec. 18, 2023 in Hayward, Calif. (Justin Sullivan/Getty Images, FILE) (NEW YORK) — Chuck E. Cheese has just the ticket for parents looking to save some cheddar on family fun outings, thanks to its new membership plans. The Texas-based pizzeria and […]

Krispy Kreme (NEW YORK) — Although the first day of fall is still over a month away on the calendar, food and beverage brands are betting big on their seasonal bestsellers early, rolling out the return of pumpkin spice lattes. For fans of the sweet and spicy aromas of ginger, clove, cinnamon and nutmeg, the […]

Nadija Pavlovic/Getty Images (NEW YORK) — Junk, resort, destination, urban, and amenity fees are pseudonyms for the mandatory, often unexpected surcharges you might find tackled on your hotel bill. According to the Council of Economic Advisers (CEA), these fees cost Americans nearly $3.4 billion annually and despite recent bipartisan efforts by the Biden administration to […]

Bloomberg Creative/Getty Images (NEW YORK) — Former President Donald Trump recently said the president should have a role in setting interest rates that determine costs for everything from mortgages to credit card loans. The proposal would mark a major shift from the longstanding norm of political independence at the Federal Reserve, which currently retains control […]

Berkah/Getty Images (NEW YORK) — Volatility overtook the stock market last week, amplifying worries about a possible recession and stoking panic among investors. By the end of the week, however, the markets had almost fully recovered. Days after suffering its worst trading day since 2022, the S&P 500 rallied for its best trading session dating […]

Carol Yepes/Getty Images (WASHINGTON) — In an effort to beef up protections for consumers against corporations, the Biden administration on Monday announced a handful of policies to crack down on “headaches and hassles that waste Americans’ time and money.” Through the Federal Trade Commission (FTC) and the Federal Communications Commission (FCC), the administration will ask […]