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…
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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.…
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.…