Business

Brendan Smialowski/AFP via Getty Images (WASHINGTON) — As Secretary of Commerce Gina Raimondo’s plane touches down in Beijing, the goal of the trip, according to the Secretary, is to promote “healthy competition” between the two countries but also walk a fine line between holding China accountable for the national security issues the country engages in. […]

Witthaya Prasongsin/Getty Images (NEW YORK) — The union representing approximately 150,000 workers at the Big Three U.S. automakers — General Motors, Ford and Stellantis — has voted to authorize a strike if no deal is reached amid ongoing contract negotiations. Across the three companies, United Auto Workers union members voted a combined average of 97% […]

CFOTO/Future Publishing via Getty Images (WASHINGTON) — The Department of Justice is suing SpaceX, the aerospace company owned by Elon Musk, over alleged discriminatory practices against people living in the country under asylum and refugees. The federal government contends in its civil lawsuit, which was filed Thursday, that the company violated the Immigration and Nationality […]

Steve Heap/Getty Images (NEW YORK) — Believe it or not, the holiday season is quickly approaching. Mega-retailer Walmart released its highly anticipated Top Toys List for the 2023 season this week to help you get a head start on your shopping list. “The holiday season is just around the corner, and Walmart is ready to […]

Starbucks (NEW YORK) — Despite the date on the calendar, brands are already busy preparing their post-summer push for all things pumpkin spice, unleashing fall offerings a full 28 days before the last day of summer. For fans of the expeditious mental shift in seasons, Starbucks has you covered. Starbucks celebrates 20 years of Pumpkin […]

jfizzy/Star Max/GC Images/ Getty Images (NEW YORK) — The disgraced founder of the 2017 Fyre Festival, Billy McFarland, is selling tickets for a follow-up event and customers are buying them, he said in recent posts on Instagram. An initial batch of tickets for Fyre Festival 2 sold out just two days after they went on […]

Michael M. Santiago/Getty Images (NEW YORK) — The Writers Guild rejected the latest offer from TV and movie studios in a statement on Tuesday night, thrusting the acrimonious negotiations into public view 113 days after Hollywood writers went on strike. The three-year contract offer includes a combined 13% pay hike over the term of the […]

moodboard/Getty Images (NEW YORK) — Sky-high mortgage rates have helped slam the brakes on the housing market, recent data shows. Mortgage rates climbed to their highest levels in 21 years, Freddie Mac data showed last week. The 30-year fixed-rate mortgage averaged 7.09% over the week ending on Thursday, after sustaining levels above 6.5% since May. […]

Andriy Onufriyenko/Getty Images (NEW YORK) — Target’s sales declined over a three-month period for the first time in six years, the company announced last week, attributing the loss in part to what the company’s Executive Vice President Christina Hennington described as the “strong reaction” to its Pride month display. An anti-LGBTQ boycott against Target erupted […]

Adam Gault/Getty Images (NEW YORK) — Generation Z is racking up more credit card debt than previous generations, while Generation X holds the highest average of credit card debt, according to recent data from Credit Karma. Between April and June 2023, Gen Z, people born between 1997 and 2012, had an average credit card balance […]