Business

Michael Godek/Getty Images (WASHINGTON) — Sen. Tim Scott, R-S.C., on Thursday called for firings at the Federal Reserve over the central bank’s failure to regulate Silicon Valley Bank in the run-up to its collapse. The imperative from Scott came during Senate testimony from Michael Barr, the Fed’s vice chair for supervision, who faced scrutiny from […]

NoSystem images/Getty Images (NEW YORK) — A group of music artists that includes legends like Whitney Houston, through her estate, and Bob Dylan have sold all or part of their song catalogs in recent years — a trend experts say has become more popular as artists seek to cash in on their copyrights and, in […]

RiverNorthPhotography/Getty Images (NEW YORK) — When it comes to marketing hooks, “Taco Tuesday” may be among the most well-known and successful tactics to entice diners with a delicious deal on a beloved Mexican food. Now, California-based fast food giant Taco Bell has filed a new petition to do away with a trademark registration on the […]

Catherine McQueen/Getty Images (NEW YORK) — With high inflation over the past year and many people looking for ways to keep budgets in check, some are turning to social media as a forum to share and find ideas to save some cash. TikTokers like Daniela Martinez and Ana Marcks are among the many online video […]

Win McNamee/Getty Images (NEW YORK) — OpenAI CEO Sam Altman, whose company developed the widely used AI conversation program ChatGPT, warned federal lawmakers Tuesday that artificial intelligence could pose significant risks to the world if the technology goes wrong. “We understand that people are anxious about how it could change the way we live. We are, […]

Richard Baker/In Pictures via Getty Images (TALLHASSEE, Fla.) — PEN America, a nonprofit dedicated to protecting free expression, and Penguin Random House, one of the country’s largest book publishers, filed a lawsuit Wednesday targeting a Florida school district for removing certain books from the shelves of public school libraries. Authors and parents of children affected by […]

MediaNews Group/Reading Eagle via Getty Images (NEW YORK) — Oscar Mayer is rolling into a new era, changing the name of its iconic Wienermobile to the “Frankmobile.” The name change is the 27-foot-long hot dog vehicle’s first in nearly 100 years. Kraft Heinz, the parent company of the cold cut brand, said in a press […]

Official White House Photo by Adam Schultz (WASHINGTON) — With time running short to address the debt ceiling or risk default ,President Joe Biden is cutting his upcoming foreign trip short amid the ongoing debt talks, a source familiar told ABC News Tuesday. Biden is set to depart Wednesday to meet with G-7 leaders in Japan, […]

LUDOVIC MARIN/POOL/AFP via Getty Images (NEW YORK) — Billionaire Elon Musk blasted Jeffrey Epstein, who he referred to as a “dumb crook,” after he was subpoenaed as part of a lawsuit filed by the U.S. Virgin Islands against JPMorgan Chase & Co., which officials said “financially profited” from deposits made by Epstein. In its filing, […]

Former CEO of Silicon Valley Bank Gregory Becker takes his seats as he arrives for a Senate Banking Committee hearing on Capitol Hill, May 16, 2023, in Washington, D.C. — Drew Angerer/Getty Images (WASHINGTON) — Senators from both parties slammed former Silicon Valley Bank CEO Greg Becker at a hearing on Tuesday, accusing him of […]