Business

Anton Petrus/Getty Images (NEW YORK) — Consumer prices rose 3.7% in August compared to a year ago, marking the second consecutive month of increased inflation and suggesting a bumpy path in the effort to bring inflation back down to normal levels, government data on Wednesday showed. The fresh data follows an uptick in July that reversed […]

ABC News (NEW YORK) — About 146,000 auto workers are prepared to strike this week if their demands are not met by their employers – Big Three automakers General Motors, Ford and Stellantis. Members of the United Auto Workers union are threatening to walk off their jobs in multiple states if the auto companies do not […]

ABC News (DETROIT) — As the strike deadline set by the United Auto Workers union approaches, negotiations with the Big Three automakers are making “slow” progress, with at least one meeting planned for Wednesday, said Shawn Fain, president of the union. “Can we get there? Yes, we can, but they need to buckle down and get […]

fhm/Getty Images (WASHINGTON) — The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau. In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income […]

Michael M. Santiago/Getty Images (NEW YORK) — A surge of work stoppages this year involving hundreds of thousands of employees has drawn attention to bold demands over wage increases and benefits as unions pursue raises that outpace rapid price hikes. However, at a moment when a tight job market affords unions considerable leverage, many workers […]

Anton Petrus/Getty Images (NEW YORK) — Wall Street and Washington, D.C., will closely watch the release of fresh inflation data on Wednesday that could reveal whether a monthslong cooldown of price increases returned to form in August or struck a rough patch as inflation nears normal levels. The fresh data follows an uptick in July […]

Justin Sullivan/Getty Images (NEW YORK) — Apple released a new iPhone 15 model on Tuesday that offers a USB-C charging port and improved camera. A fresh version of the Apple Watch was also unveiled. The top-end models of the iPhone 15, however, deliver a sizable markup. The prices of the standard iPhone 15 and iPhone 15 […]

Lyu Liang/VCG via Getty Images (WASHINGTON) — The Justice Department’s historic antitrust case against Google is set to go to trial Tuesday as the government seeks to prove the Big Tech giant harmed American consumers by stifling competition to maintain its dominance as the internet’s leading search engine. The lawsuit, originally brought by the Trump […]

Justin Sullivan/Getty Images (NEW YORK) — Apple is set to release a new iPhone 15 model on Tuesday that delivers upgrades but also increased prices for some versions, analysts say. Fresh versions of the Apple Watch and AirPods are also expected to be unveiled. The company’s latest smartphone is expected to feature an improved camera […]

VCG via Getty Images, FILE (NEW YORK) — The Zeekr 009 is every American’s dream car. The ultra-luxe cabin comes with massage seats and satiny leather. Futuristic tech like face and voice recognition makes driving effortless. Plus, the capacious 009 packs more than 500 horsepower. Haven’t heard of the Zeekr 009? You’re not alone. The […]