Business

Bing Guan/Bloomberg via Getty Images (NEW YORK) — The indictment of former President Donald Trump on federal charges last week has elicited outcry from many of his prominent supporters in Washington D.C., who have denounced the prosecution as politically motivated or downplayed the alleged crimes. While many of Trump’s top allies in the business community […]

JohnFScott/Getty Images (NEW YORK) — A New Jersey jury ruled unanimously in favor of a former Starbucks employee who sued the company for wrongful termination, claiming that she was fired for being white. Shannon Phillips, a former regional director for the chain, claimed in a lawsuit first filed in 2019 that “her race was a […]

Grace Cary/Getty Images (NEW YORK) — The seal of approval from the U.S. Department of Agriculture on meat and poultry you see at the grocery store may soon carry more weight thanks to an update to labeling guidelines for meat producers that will more rigorously verify how animals were raised. The government agency announced a […]

RapidEye/Getty Images (NEW YORK) — Instant Brands, the parent company of beloved kitchenware and houseware brands like Pyrex glassware and Instant Pot, has filed for Chapter 11 bankruptcy protection. Earlier this week, Instant Brands announced the voluntary court-supervised process in a press release, stating that it will give the company “time and flexibility” for ongoing […]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve paused its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months. Nearly all members of the decision-making committee believe the central bank will need to impose at least one additional rate hike this year, Fed Chair […]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve is expected to pause its aggressive series of interest rate hikes on Wednesday, ending a string of 10 consecutive rate increases that stretches back 15 months. The decision arrives a day after fresh data showed consumer prices rose 4% last month compared to a year ago, cooling […]

Wawona via FDA (NEW YORK) — Wawona Frozen Foods, Inc. has issued a voluntary recall on large bags of frozen fruit that were sold at Costco Wholesale stores in five states. The recall includes year-old, 4-pound packages of Wawona Frozen Foods Organic DayBreak Blend that were distributed from April 15, 2022, to June 26, 2022. […]

Carol Yepes/Getty Images (NEW YORK) — Popular Reddit pages, known as “subreddits,” with names like /r/funny, /r/sports, /r/todayilearned and /r/music are currently inaccessible for new posts in a protest over planned changes to the website. The protest is over how the company plans to reshuffle pricing for its application programming interface, or API, which is […]

jayk7/Getty Images (NEW YORK) — For Haley Reyes, there were two questions looming over her senior year in high school at the Urban Assembly New York Harbor School in Manhattan. First, was whether she’d get into her dream school of Syracuse University. Second, was how she’d pay for it without going into crushing debt. The […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 4% last month compared to a year ago, dropping more than expected and bolstering hopes that inflation will return to normal levels. The fresh data for May arrives a day before the Federal Reserve will announce its latest rate decision as it determines whether to extend […]