Business

Namthip Muanthongthae/Getty Images (NEW YORK) — The Securities and Exchange Commission on Wednesday gave its approval for some Bitcoin ETFs, just a day after a fake post on the agency’s account on X made a similar announcement and sent the value of Bitcoin soaring. The price of Bitcoin vaulted skyward on Tuesday afternoon after the SEC […]

Namthip Muanthongthae/Getty Images (NEW YORK) — The price of Bitcoin vaulted skyward on Tuesday afternoon after the Securities and Exchange Commission appeared to deliver a major breakthrough for the cryptocurrency in a post on X. Minutes later, SEC Chair Gary Gensler punctured the euphoria, saying on X that a hacker had commandeered the agency’s account […]

Catherine McQueen/Getty Images (NEW YORK) — After a high-flying performance last year, the stock market has dropped at the outset of 2024. The turnabout has sent some investors looking for alternatives, including certificates of deposit, or CDs. A CD is a type of savings account that offers a fixed interest rate over a given period […]

Greg Bajor/Getty Images (NEW YORK) — Shares of Boeing have plunged nearly 10% this week after a door plug blew out of the company’s 737 Max 9 aircraft during an Alaska Airlines flight. The incident, which took place on Friday night, prompted the Federal Aviation Administration to ground the aircraft. The stock price of Spirit […]

MJHollinshead/Getty Images (LOS ANGELES) — Fast food workers defied skeptics roughly a decade ago with the “Fight for $15,” a campaign demanding an industry-wide pay floor at more than double the federal minimum wage. That aspiration spread across the low-wage workforce, helping to achieve a base pay of $15 per hour in six states and […]

Anna Moneymaker/Getty Images (NEW YORK) — Days away from the first ballots cast in the 2024 primary election, former President Donald Trump holds a commanding lead over his Republican rivals and tops President Joe Biden in some head-to-head polls. Trump’s standing appears to stem in part from widespread frustration over Biden’s handling of the economy. Only […]

Bruce Bennett/Getty Images (NEW YORK) — TGI Fridays is starting off the new year by shuttering dozens of locations to support the restaurant chain’s long-term growth strategy, which it said includes appointing a former stakeholder to lead select regional locations “into a new phase of revitalization.” The Dallas-based casual dining bar and grill chain announced […]

Witthaya Prasongsin/Getty Images (NEW YORK) — Dozens of families who are suing Snap Inc., the parent company of Snapchat, won a legal victory Tuesday when a judge in California ruled their lawsuit against the social media giant may continue. Over 60 family members of children who allegedly obtained illegal drugs through Snapchat are part of […]

JohnFScott/Getty Images (NEW YORK) — Starbucks will become the first nationwide coffee retailer to accept reusable cups for mobile orders, effective immediately, the coffeehouse chain said in a release Wednesday. Customers will now also have the same reusable cup option for drive-thru orders for the first time. Coffee drinkers can now fill a “clean, personal […]

moodboard/Getty Images (NEW YORK) — Mortgage rates have plummeted in recent weeks, boosting the prospects of homebuyers previously stifled by high borrowing costs. Many forecasters predict mortgage rates will drop further, however, since the Federal Reserve expects to cut its benchmark interest rate this year. Those circumstances pose a quandary for buyers: Jump into a […]