Business

Joseph Sohm; Visions of America/ Getty Images (NEW YORK) — In a dispiriting sign of the times, barely more than a quarter of Americans say the American dream still holds true — about half as many as said so 13 years ago. Defined as “if you work hard you’ll get ahead,” just 27% in a […]

Anton Petrus/Getty Images (NEW YORK) — U.S. airstrikes against Houthi targets in Yemen on Thursday night escalated an ongoing conflict over a shipping route that holds significant implications for oil prices and inflation. The military operation, undertaken in partnership with the United Kingdom, came in response to a monthslong series of attacks carried out by […]

Eric Thayer/Bloomberg via Getty Images (WASHINGTON) — The Federal Aviation Administration announced it will take the significant step of increasing its oversight over Boeing and begin an immediate audit of Boeing’s production and manufacturing in the wake of the door plug blowing out of an Alaska Airlines flight last week. The audit will “evaluate Boeing’s […]

Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images (WASHINGTON) — eBay will pay a $3 million criminal penalty for a campaign of harassment and intimidation undertaken by company executives that included anonymous home deliveries of a bloody pig mask, live insects and a funeral wreath, the Department of Justice said on Thursday. The harassment targeted a Massachusetts […]

Westend61/Getty Images (NEW YORK) — Trading is set to begin for a new type of bitcoin fund that gives investors access to the crypto market without some of the hassle and fees of owning bitcoin outright. Freshly approved by federal regulators, bitcoin ETFs — Exchange-Traded Funds — allow investors to buy an asset that tracks […]

FDA (NEW YORK) — Spicy condiments from spreads to sauce have been dubbed a top food trend of 2024, but one brand is alerting consumers to toss out some of its products, as they could be dangerous for anyone with a wheat allergy. Vesta Fiery Gourmet Foods, Inc. issued a voluntary recall on Monday for […]

Elysian (NEW YORK) — The race to decarbonize the aviation industry is heating up, with researchers finding a way to make passenger airplanes operate on 100% electric power. A newly designed electric aircraft, called the E9X, can now hold more passengers and fly farther than what was previously thought to be possible, according to aviation […]

Javier Ghersi/Getty Images (NEW YORK) — Consumer prices rose 3.4% in December compared to a year ago, accelerating markedly from the previous month and defying a smooth path down to normal levels, a report from the Bureau of Labor Statistics released on Thursday showed. The Federal Reserve stands poised to dial back its inflation fight […]

Jon Challicom/Getty Images (WASHINGTON) — The Department of Transportation has announced $623 million in grants to support electric vehicle (EV) charging infrastructure across the country. “We’re at a moment now where the electric vehicle revolution isn’t coming, it is very much here,” Transportation Secretary Pete Buttigieg told reporters. The grants will support 47 projects in […]

Javier Ghersi/Getty Images (NEW YORK) — Policymakers will pay close attention to the release of price data on Thursday as the Federal Reserve weighs dialing back its inflation fight with a series of interest rate cuts. The Fed expects to slash rates later this year, which would ease borrowing payments for everything from credit cards […]