U.S. gas prices hit an eight-month high Thursday amid rising oil prices. The national average price for a gallon of regular unleaded climbed to $3.71 Thursday, data from AAA showed.…
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FTX co-founder Sam Bankman-Fried should be jailed until trial, prosecutor argues
A judge in New York is weighing whether to revoke Sam Bankman-Fried’s bail after prosecutors said Wednesday that the FTX co-founder used the news media to harass a key witness against…
UPS workers reach a tentative contract deal with management days ahead of strike deadline
UPS and the Teamsters union reached a tentative agreement for a new five-year contract covering 340,000 workers at the country’s largest package carrier Tuesday, six days before a threatened strike…
Federal Reserve raises key interest rate to highest level in more than 20 years
The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight…
MIAMI — At the height of the Covid pandemic, Miami — the new home of soccer superstar Lionel Messi — emerged as an unlikely destination for individuals seeking an escape…
Spotify announced Monday it will increase the price of its premium service by $1, to $10.99. The music streaming giant said existing premium plan subscribers would be notified via email…
U.S. consumer confidence increased to a two-year high in July amid a persistently tight labor market and receding inflation, bolstering the economy’s prospects in the near term. But the economy…
FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10M in misappropriated funds
Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers, who accuse him and members of his leadership team of…
IRS stops unannounced in-person visits, citing safety concerns for taxpayers and employees
The Internal Revenue Service will end most unannounced in-person visits to taxpayers in order to ‘reduce public confusion’ and improve safety for taxpayers and employees alike, the agency said Monday.…
Negotiators for UPS and the Teamsters union representing some 340,000 workers at the nation’s largest package carrier are going back to the table on Tuesday, seeking to finalize a labor…