Paramount Global is laying off hundreds of employees, just one day after the company announced CBS had record Super Bowl viewership, Chief Executive Officer Bob Bakish said Tuesday in an internal memo…
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Tiger Woods unveils new lifestyle brand and clothing line after Nike split
Tiger Woods has unveiled his new lifestyle brand and clothing line, called Sun Day Red, in the wake of his high-profile split with longtime sponsor Nike. At a news conference…
Super Bowl fans are flooding Vegas with cash. Don’t bet on a big windfall for workers.
Big spenders are set to boost Las Vegas service workers’ earnings during Super Bowl weekend, but maybe not by much. Sin City expects to host more than 330,000 visitors as…
Elevated inflation continues to pervade the U.S. economy. And while the pace of 12-month price increases has slowed from the near-double-digit highs reached in the summer of 2022, American consumers…
Big banks have drastically cut overdraft fees, but customers still paid $2.2B last year
The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators to cap the fees, created new ways for customers to avoid the…
S&P 500 closes above 5,000 for first time ever, notches fifth straight winning week
Stocks rose on Friday after December’s revised inflation reading came in lower than first reported, and the S&P 500 closed above 5,000 level as strong earnings and economic news chugged on. The Dow…
Average credit card balances jump 10% to a record $6,360 as more consumers fall behind on payments
Credit card debt has notched another new high. Americans now owe $1.08 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. Balances jumped 10% from a year ago, according to…
Honda said on Tuesday it was recalling 750,000 vehicles in the United States over a defect involving air bags which could deploy unintentionally during a crash. The front passenger seat…
New sports bundle could give cord-cutting fans their biggest single source of content yet
Disney, Fox and Warner Bros. Discovery announced plans Tuesday to launch a new streaming service that could become the biggest single source of sports content for cord-cutting consumers. The three…
A Big Mac combo for $18? Fast foodies are getting fed up with price hikes
Look no further than the fast-food drive-thru for evidence of inflation fatigue. Food companies have been passing along higher labor and ingredient costs to consumers long after inflation peaked at…