Business

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve remains “very far” from its target inflation rate and nearly all members of its decision-making committee support at least one additional interest rate hike, Fed Chair Jerome Powell told House lawmakers on Wednesday. Inflation has fallen significantly from a peak last summer but remains at a level […]

CHUYN/Getty Images (NEW YORK) — Are you gearing up for one of the biggest shopping events of the year? Here’s what we know about Amazon Prime Day right now. On Wednesday, Amazon announced its Amazon Prime Day 2023 will be July 11-12. Prime members can “save big on popular brands like Lancôme, Kérastase, Peloton, Victoria’s […]

U.S. Department of Agriculture (NEW YORK) — Grabbing a pack of sausages to throw on the grill may feel like a quintessential start-of-summer move, but if you’re a fan of pork and cheddar links from Johnsonville, check the label to make sure it’s not part of the latest recall. Last Thursday, Johnsonville, LLC, issued a […]

ABC News (SAN DIEGO) — Michael Quan was just 36 when he retired. Today, the father of two from San Diego is 46 and living a life of his choosing, having achieved his goal of financial independence. “The goal wasn’t necessarily to retire super early. It was to really get to a place of financial […]

MARTIN BUREAU/AFP via Getty Images (NEW YORK) — Prince Harry and Meghan’s much-heralded deal with Spotify, one of the first deals they announced after leaving their royal roles, has come to an end. Spotify and Archewell Audio, Harry and Meghan’s production company, confirmed the end of the partnership in a joint statement, saying, “Spotify and […]

Douglas Sacha/Getty Images (PHILADELPHIA) — The collapse of a section of Interstate 95 in Philadelphia left Glenn Messinger scrambling to find new routes for 40 trucks that deliver food each day from a warehouse located a block away from the wreckage. “It’s a huge hassle,” said Messinger, the vice president of branch operations for Baldor […]

Witthaya Prasongsin/Getty Images (NEW YORK) — Federal prosecutors in New York said they would drop several criminal charges, at least for now, against disgraced crypto executive Sam Bankman-Fried if the judge agrees to try him later on those charges. The offer to sever five of the 13 charges followed a ruling earlier this week in […]

JohnFScott/Getty Images (NEW YORK) — A New Jersey jury ruled unanimously in favor of a former Starbucks employee who sued the company for wrongful termination, claiming that she was fired for being white. Shannon Phillips, a former regional director for the chain, claimed in a lawsuit first filed in 2019 that “her race was a […]