Business

WIN-Initiative/Neleman/Getty Images (NEW YORK) — Nikola founder Trevor Milton was sentenced to four years in prison Monday due to fraudulent claims about his electric vehicle company. In court Monday, Milton portrayed himself as a generous and honest yet unsophisticated businessman who grew up milking cows, lacked a college degree and did not mean to defraud […]

ftwitty/Getty Images (NEW YORK) — Apple will halt sales of new models of its smartwatch due to a patent dispute, the company announced on Monday. The move, which affects Apple Watch Series 9 and Apple Watch Ultra 2, centers on the devices’ blood-oxygen sensor. In October, a federal trade agency found that Apple violated the […]

BanksPhotos/Getty Images (WASHINGTON) — Southwest Airlines has been handed a record $140 million fine for its operational meltdown during the 2022 holiday travel season, the U.S. Department of Transportation said Monday. The civil penalty leveled against the airline is about 30 times larger than any previous fine against an airline, DOT officials said in a […]

Cavan Images/Getty Images (NEW YORK) — The Quaker Oats Company has recalled dozens of granola products due to the risk of potential salmonella contamination. The recall impacts more than 40 granola bar and granola cereal products, according to an announcement posted on the U.S. Food and Drug Administration’s website on Friday. Quaker said the listed […]

Bloomberg Creative/Getty Images (WASHINGTON) — A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday — and the enthusiasm owed little to what the central bank actually did. In addition to pausing its benchmark interest rate, the Fed forecasted a series of rate cuts next year. The move would start […]

Jakub Porzycki/NurPhoto via Getty Images) (NEW YORK) — Coca-Cola has voluntarily recalled three soda products across multiple states, with the U.S. Food and Drug Administration announcing in a report that the 12-ounce cans may have been contaminated with “potential foreign material.” The recall, which includes 12-packs of 12-ounce cans, affected 1,557 cases of Sprite, 417 […]

The Meta (formerly Facebook) logo marks the entrance of their corporate headquarters in Menlo Park, Calif., Nov. 9, 2022. (Josh Edelson/AFP via Getty Images) (NEW YORK) — When Meta overhauled its policy toward election-denial claims in political advertising last year, many Republican midterm election candidates nationwide were espousing false claims of a stolen election in […]

Yulia Naumenko/Getty Images (NEW YORK) — Amazon, Target and Walmart, three of the largest retailers in the U.S., have announced they will stop selling water beads amid growing pressure in recent years to remove the products following reports of injuries and deaths of children who have swallowed them or placed them in their noses or […]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve expects to begin cutting interest rates next year, Fed Chair Jerome Powell said at a press conference in Washington D.C. on Wednesday. Policymakers at the central bank believe interest rates likely stand at or near their peak, Powell added, voicing cautious optimism about the possibility that the Fed […]

Brand new Tesla cars sit parked at a Tesla dealership on Oct. 18, 2023 in Corte Madera, California. (Justin Sullivan/Getty Images) (NEW YORK) — Tesla will recall about twp million cars over a safety issue tied to its autopilot system, the National Highway Traffic Safety Administration said on Wednesday. The company’s autopilot system may put […]