Business

LPETTET/Getty Images (NEW YORK) — The Powerball jackpot for Monday’s drawing rose to $675 million after no one won on Saturday. A single winner would have taken home an estimated $340.9 million cash option before taxes — the ninth largest Powerball jackpot on record and the second largest Powerball jackpot of 2023. Officials, however, announced […]

Yuichiro Chino/Getty Images (NEW YORK) — Negotiations broke down this week between UPS and its Teamster-represented workers, weeks before their contract is set to expire. As a potential strike looms, UPS workers across the country have been holding “practice pickets,” holding signs that say, “Just practicing for a just contract.” Here’s what you need to […]

Ty O’Neil/SOPA Images/LightRocket via Getty Images (NEW YORK) — Workers for UPS are edging closer to a strike after a breakdown in talks between the delivery giant and the Teamsters union representing its employees. Both sides have accused each other of walking away from negotiations. A walkout would have ripple effects across the entire economy, […]

Shannon Fagan/Getty Images (NEW YORK) — Years after the death of George Floyd shined a spotlight on societal inequities, diversity professionals say some companies are turning their backs on the progress that’s been made to address them. Madison Butler is one of the many diversity, equity, and inclusion (DEI) professionals that companies previously brought on […]

Jason Marz/Getty Images (SAN FRANCISCO) — Asian Americans throughout Silicon Valley are unifying in support of one man after a new lawsuit was filed last month against Lumentum Operations, LLC, alleging Asian discrimination throughout the company. The lawsuit, filed June 30 by Andre Wong, seeks $20,000,000 in damages, claiming “Lumentum had a culture of prejudice […]

Sarah Silbiger/Getty Images (WASHINGTON) — The U.S. Food and Drug Administration and the Federal Trade Commission have jointly issued warning letters to six companies that they say illegally sold copycat food products that look like regular candies and snack foods, but contain edible Delta-8 tetrahydrocannabinol, or THC. “These products can easily be mistaken for traditional […]

Davide Bonaldo/SOPA Images/LightRocket via Getty Images (NEW YORK) — Twitter sent Meta a cease-and-desist letter over the newly launched Threads app, sources familiar with the letter’s existence told ABC News. The letter was sent by Twitter’s legal team Thursday, the sources said. The letter accused Meta of misappropriating Twitter’s trade secrets and said Meta hired […]

Christoph Dernbach/picture alliance via Getty Images (NEW YORK) — Meta, the parent company of Facebook, has officially launched Threads, a new “conversation” app that appears to be the firm’s long-awaited counterpart to Twitter. The app surpassed “2 million sign-ups in the first two hours,” Mark Zuckerberg wrote on his Threads page. Zuckerberg and Elon Musk […]

Kinga Krzeminska/Getty Images (NEW YORK) — A pair of belVita Breakfast Sandwich products have been voluntarily recalled because they have potential “undeclared peanut,” according to the company that makes the biscuits. Mondelēz Global announced the recall on Monday, saying in a press release that the biscuits may contain the substance as a result of cross-contact […]

Christoph Dernbach/picture alliance via Getty Images (NEW YORK) — Mark Zuckerberg and Elon Musk averted a cage fight last month but the companies they oversee — Meta and Twitter, respectively — are set to square off in direct competition. Meta, the parent company of Facebook, revealed on Monday a new “conversation” app called Threads that […]