Business

Stephen Brashear/Getty Images (NEW YORK) — Boeing has come under fire and intense scrutiny ever since a door plug flew out of an Alaska Airlines flight on Jan. 5. Investigators revealed the plane, a 737 Max, was missing key bolts when the door was installed. The company has been accused of not doing enough to […]

Getty Images – STOCK (NEW YORK) — Consumers saddled with high credit card and mortgage rates held onto a source of solace in recent months: A forecast from the Federal Reserve promising long-awaited interest rate cuts. The economy has refused to cooperate, however, casting that financial relief into doubt. Fresh price data released on Wednesday […]

Carol Yepes/Getty Images (NEW YORK) — Starting Wednesday, internet users will now have more transparency about their broadband services. The Federal Communications Commission now requires broadband providers to display all the information about the price and performance of their services in clear labels. Alejandro Roark, the chief of the consumer and governmental affairs bureau for […]

Mario Tama/Getty Images (WASHINGTON) — If the U.S. Postal Service gets its way, the price of a first-class stamp will go up for the fourth time in less than two years. The USPS is proposing hiking the cost of a first-class stamp to 73 cents, or roughly 7% on all forms of postage. If approved, […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.5% in March compared to a year ago, accelerating markedly from the previous month and reversing some of the progress achieved in a two-year fight to cool inflation, U.S. Bureau of Labor Statistics data showed. The finding matched economists’ expectations. Price increases have cooled dramatically from […]

Javier Ghersi/Getty Images (NEW YORK) — Elected officials, investors, and everyday households await fresh inflation data on Wednesday that is set to reveal whether the fight to cool price increases remains mired in a rough patch. Price increases have cooled dramatically from a peak of about 9%, but inflation still stands more than a percentage […]

Xiaolu Chu/Getty Images (NEW YORK) — Tesla, the Elon Musk-led electric vehicle company, appears desperate for a tune-up. The company’s share price has plummeted more than 25% so far this year, making it one of the worst-performing stocks in the S&P 500. Over the same period, that index has risen about 10%. Shrinking car sales, […]

Self-service checkout customer scanning and paying in a Walmart Supercenter in Miami, Florida. (Jeffrey Greenberg/Getty Images) (NEW YORK) — Walmart shoppers may be entitled to up to $500 in cash after the retail giant agreed to pay $45 million to settle a class action lawsuit over “weighted goods.” The company, which has denied any wrongdoing, […]

The Omni Houston Hotel at Four Riverway, Dec. 31, 2020, at in Houston. (Karen Warren/Houston Chronicle via Getty Images) (NEW YORK) — In the wake of a recent cyberattack on Omni Hotels & Resorts that prompted a “shut down [of] its systems to protect and contain its data,” experts are reminding people of the actions […]