Business

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve left interest rates unchanged on Wednesday, despite stubborn inflation that has resisted the central bank’s fight to cool price increases. The move allows previous rate increases to take greater hold of the economy and grants the central bank time to assess whether another hike will be necessary. Inflation […]

Craig Hastings/Getty Images (WASHINGTON) — Two senators are asking U.S. regulators to address “unfair” practices in airlines’ frequent flyer programs. In a letter sent Monday night, Dick Durbin, D-Ill., and Roger Marshall, R-Kan., asked the Department of Transportation and the Consumer Financial Protection Bureau to help “protect consumers against unfair and deceptive practices in airlines’ […]

ABC News (NEW YORK) — Jurors will soon begin deliberating in the trial of FTX founder Sam Bankman-Fried, nearly a year after the cryptocurrency trading platform’s collapse, as federal prosecutors are accusing him of orchestrating one of the largest financial frauds in U.S. history. Bankman-Fried, 31, faces seven counts of fraud, conspiracy and money laundering […]

GMVozd/Getty Images (NEW YORK) — With less than one month until Thanksgiving and the start of the winter holiday season, Americans are already eyeing grocery prices to gauge how much their festive gatherings are going to cost this year. Experts are encouraging consumers to start making shopping plans early for the holiday feast with a […]

Bloomberg Creative/Getty Images (WASHINGTON) — Once bemoaned as a source of recession worries, the U.S. economy has become a wellspring of good news: blistering growth, robust hiring and consumers opening their wallets for everything from concert tickets to bar tabs. The strong performance complicates the fight to dial back inflation, posing a quandary for the […]

Witthaya Prasongsin/Getty Images (DETROIT) — General Motors has reached a tentative deal with United Auto Workers to end their strike, GM and the union confirmed Monday. GM joins Stellantis and Ford, which reached deals in the last week. The tentative agreements, which must be ratified by union members at each of the respective carmakers, could […]

by Marc Guitard/Getty Images (WASHINGTON) — President Joe Biden issued a wide-ranging executive order on Monday that aims to safeguard against threats posed by artificial intelligence, ensuring that bad actors do not use the technology to develop devastating weapons or mount supercharged cyberattacks. The move stakes out a role for the federal government in a […]

Witthaya Prasongsin/Getty Images (NEW YORK) — General Motors has reached a tentative deal with United Auto Workers to end their strike, according to two sources familiar with the talks. GM joins Stellantis and Ford, which reached deals in the last week. The tentative agreements, which must be ratified by union members at each of the […]

Porsche (NEW YORK) — It was an outlandish concept. Take a Lamborghini Huracan — a low-slung, outrageously fast coupe — and transform it into an “all-terrain super sports car.” Lamborghinis are built for racetracks, not gravel, sand and mud. The company’s execs, however, had a hunch that enthusiasts would pay up for a limited-edition Huracan […]

Emily Elconin/Bloomberg via Getty Images (DETROIT) — The United Auto Workers union and Stellantis announced Saturday they have reached a tentative agreement, more than 40 days after the union launched a strike against the big three U.S. automakers. The development comes days after the UAW and Ford reached a tentative agreement. “Once again, we have […]