Business

Dunkin’ (NEW YORK) — From the iconic Egg McMuffin at McDonald’s to French Toast Sticks at Wendy’s, the competition among fast food chains to serve Americans breakfast has registered another entry. Dunkin’ launched its latest menu offering, Breakfast Tacos, on Wednesday to capitalize on consumers’ love of on-the-go options to start the day. The tacos […]

Kinga Krzeminska/Getty Images (NEW YORK) — One woman who said her family was in debt and one step away from financial disaster made a change in her spending at the grocery store that’s paying off big. Becky Guiles, known as the “Freebie Lady” on social media, shared her money-saving method with ABC News’ Good Morning […]

Photo by Mike Kline (notkalvin)/Getty Images (WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers. The China-based app, which counts more than 150 million U.S. users […]

Photo by Mike Kline (notkalvin)/Getty Images (WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House lawmakers. The China-based app, which counts more than 150 million U.S. users […]

Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday. The company plans to close many underperforming stores in shopping malls while focusing on strengthening its standalone stores with new concepts, Foot Locker said during […]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve on Wednesday raised its short-term borrowing rate another 0.25%, intensifying the central bank’s fight against inflation despite concern that previous rate increases helped trigger the nation’s banking crisis. The Fed’s benchmark interest rate has contributed to the financial emergency facing U.S. banks. Inflation has fallen significantly from a […]

Alex Wong/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system “strong and resilient,” voicing confidence in the nation’s financial system and the safety of bank deposits less than two weeks after the failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history. “All depositors’ savings in the […]

Bloomberg Creative/Getty Images (WASHINGTON) — Policymakers and investors will closely watch a decision from the Federal Reserve on Wednesday about whether to raise interest rates as the U.S. economy weathers two pressing challenges: a banking crisis and persistent inflation. The precarious moment poses a dilemma for the Fed because its strongest tool, the benchmark interest […]

ABC News (NEW YORK) — TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans’ data. U.S. officials are reportedly demanding that Chinese owners sell its stake in the app or risk a nationwide ban. Later this week, TikTok CEO Shou Zi Chew is set to face questions from congressional lawmakers about the […]

Phillip Spears/Getty Images (NEW YORK) — As fallout continues from the Silicon Valley Bank collapse — the second-biggest bank failure in U.S. history — people across the country are simultaneously feeling the impact of inflation in their pocketbooks. The Federal Reserve will meet Wednesday to decide whether to raise or pause interest rates after continuously […]