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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Editor’s Pick
Editor's Pick
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…
Editor's Pick
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…
Editor's Pick
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…
Editor's Pick
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…
Editor's Pick
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…
Editor's Pick
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…
Editor's Pick
Americans grow more confident about the economy, even as the Fed’s inflation fight continues
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To many consumers, it probably doesn’t feel like a big improvement. But after two years of breakneck inflation that sent the cost of everyday goods and services surging, 2023 experienced…