Jenny Craig will close its doors after four decades in the weight loss and nutrition business, according to internal communications to employees reviewed by NBC News. In an email sent…
Editor’s Pick
The news this week that the government has less than a month before it could start defaulting on its payments has accelerated deliberations about how to avoid hitting the debt…
Regional bank stocks fell sharply Tuesday as the fallout from the third major bank failure this year continued to put pressure on the sector. Shares of PacWest fell 24% on Tuesday and…
Federal Reserve says it may stop interest rate hikes as banking concerns linger
The Federal Reserve on Wednesday raised interest rates for the 10th consecutive meeting, but signaled those hikes might be done — thanks in part to jitters in the banking system.…
Backlash against AI supermodels triggers wider fears in fashion workforce
Plans by Levi’s to test out virtual clothing models generated by artificial intelligence drew swift backlash in the industry late last month. While the furor mainly focused on diversity concerns,…
With car repossessions and home foreclosures rising, some Americans are living on a financial cliff
Karen LeSage needs her car. A 57-year-old single mother living in East Hartford, Connecticut, LeSage needs to drive herself to medical appointments for injuries on her legs and to pick…
First Republic Bank has been taken over by federal regulators and will be sold to JPMorgan — making it the third major bank to go under in less than two…
Federal Reserve confronts ‘contradictory’ economy today as it considers next interest rate hike
High prices. High interest rates. Slowing growth. It would all seem to spell an economic downturn. Indeed, many consumers would agree that between inflation and tighter credit conditions — and…
Disney sues Florida Gov. Ron DeSantis over control of self-governing district
The Walt Disney Co. on Wednesday filed a lawsuit in federal court against Florida Gov. Ron DeSantis and other officials alleging a ‘targeted campaign of government retaliation’ after the company…
GM to end production of electric Chevy Bolt, its first mass-market EV, this year
DETROIT — General Motors plans to end production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company’s first-quarter earnings. The…