Business

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve will announce an interest rate decision on Wednesday, unveiling its latest policy move amid a near-historic series of rate hikes deployed to fight inflation. That string of rate increases has coincided with a cooldown of inflation but also has elevated interest payments for everything from credit card […]

Javier Ghersi/Getty Images (WASHINGTON) — Consumer prices rose 3.1% in November compared to a year ago, cooling slightly from the previous month and indicating progress in the fight to reduce inflation, a report from the Bureau of Labor Statistics released on Tuesday showed. The fresh data arrives a day before the Federal Reserve will decide […]

Javier Ghersi/Getty Images (WASHINGTON) — Washington, D.C. and Wall Street will closely watch the release of inflation data on Tuesday that’s set to show whether price hikes continued their cooldown in November or defied further progress. The fresh data will arrive a day before the Federal Reserve decides on a potential escalation of its near-historic […]

Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — GE Aerospace is taking another step towards its commitment to sustainable flights, completing testing with sustainable aviation fuel (SAF) on its 10th aircraft engine model. The company announced Monday its finished testing with 100% SAF on 10 aircraft engine models. Currently, GE Aerospace engines power three out […]

Jeffrey Dean/Bloomberg via Getty Images, FILE (HEBRON, Ky.) — Two months after Rubi Gomez began working at an Amazon facility in Kentucky, she woke up to a barrage of frantic text messages from her coworkers, she said. “They were the kind of messages you would get if somebody was in a panic,” Gomez told ABC […]

Tiffany Hagler-Geard/Bloomberg via Getty Images (NEW YORK) — DoorDash and Uber Eats issued statements this week announcing changes to their respective tipping policies in response to a new minimum wage increase for app-based food delivery workers in New York City. Earlier this fall, the New York State Supreme Court ruled that “apps should immediately pay […]

Chris Delmas/AFP via Getty Images (LOS ANGELES) — SAG-AFTRA members voted to ratify the deal that successfully ended the historic 118-day strike, the union announced on Tuesday. The contract was approved with 78% voting in favor of the deal. SAG-AFTRA didn’t reveal the exact number of members who voted but said it was 38.15% of […]

Justin Sullivan/Getty Images (NEW YORK) — Panera Bread is at the center of another wrongful death lawsuit after a Florida family claimed the restaurant’s caffeinated lemonade drink caused Dennis Brown to go into cardiac arrest. The popular fast-casual chain issued warnings in late October and added signage on menus for the highly caffeinated “charged lemonade” […]

ermingut/Getty Images (NEW YORK) — McDonald’s burgers have been an American classic since 1955, but the iconic fast food chain has some changes planned to improve its buns, cheese and even how to cook its quintessential burgers. McDonald’s first announced in April that its signature Big Mac, McDouble, cheeseburger and hamburger would be made with […]

TORU YAMANAKA/AFP via Getty Images (NEW YORK) — Spotify plans to cut about 17% of its staff, CEO Daniel Ek said Monday. “To be blunt, many smart, talented and hard-working people will be departing us,” Ek said in a note to staff posted on the company’s website. The layoffs at the Stockholm-based music streaming service, […]