Sean “Diddy” Combs and Diageo said Tuesday they have cut ties and settled the music mogul’s accusations that the spirits giant neglected vodka and tequila brands he promoted or co-owned. In a joint statement,…
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Editor’s Pick
Editor's Pick
Judge blocks JetBlue-Spirit merger in a major win for Biden’s Justice Department
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A federal judge blocked JetBlue Airways’ purchase of budget rival Spirit Airlines, a major win for Biden’s Justice Department, which sued to stop the merger, alleging it would drive up fares for…
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As EV sales growth slows, some drivers could buy one for as little as $10,000 this year
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There are plenty of reasons not to buy an electric vehicle in 2024: Auto loan rates are high. Despite a recent wave of discounting, many EVs remain pricier than gas-burning…
Editor's Pick
As EV sales slow, some drivers could buy one for as little as $10,000 this year
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There are plenty of reasons not to buy an electric vehicle in 2024: Auto loan rates are high. Despite a recent wave of discounting, many EVs remain pricier than gas-burning…
Editor's Pick
‘Would you like to upgrade?’ Travel brands want everyone to go premium — for a price.
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Consumers who got a taste of higher-end amenities during the last couple years’ travel boom aren’t too keen to go back to basic economy, and the travel industry doesn’t want…
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As ‘Dry January’ becomes more popular, some express sticker shock at the price of mocktails
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The hottest trend in drinking remains not drinking alcohol at all. A recent Morning Consult poll shows 21% of drinking-age U.S. adults said they were participating in some form of…
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Citigroup to lay off 20,000 employees in CEO Jane Fraser’s corporate overhaul
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Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price. About 20,000 employees will be let go over the…
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IRS has collected more than $520M in back taxes from delinquent millionaires so far
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The IRS announced Friday that it has recently collected more than half a billion dollars from millionaire Americans who owed tax debt. The agency credited the passage of the Inflation…
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Inflation ticked up to 3.4% in December thanks in part to outsized housing costs
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Inflation climbed from 3.1% to 3.4% in December, a sign the Federal Reserve will continue to have to wrestle consumer price growth down to its desired 2% level. Forecasts had…
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Alaska, United flight cancellations continue amid ongoing investigation of Boeing 737 Max 9
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Alaska and United airlines announced additional cancellations in the wake of the nationwide grounding of Boeing 737 Max 9 aircraft. In a statement on its website Wednesday, Alaska Airlines said…