Fed unlikely to cut interest rates until 2027, Bank of America says
A "hawkish" turn at the Fed and stubbornly high inflation could delay interest rate cuts, according to Bank of America economists.
Employers added 115,000 jobs in April, blowing past forecasts
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
Snack mixes recalled due to possible Salmonella contamination
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
Hottest U.S. gas prices in years leave drivers feeling burned
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
iPhone owners could get up to $95 from a new Apple settlement
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
Food manufacturer Cento is committing "tomato fraud," lawsuit alleges
In a new lawsuit, two California residents allege that Cento Fine Foods doesn't use real San Marzano tomatoes in one of its products.
Meta trained its AI on copyrighted work, new lawsuit alleges
The lawsuit claims that Meta's Llama is generating summaries — and, in some cases, verbatim copies — of original works.
Coinbase to lay off 700 workers as crypto company embraces AI
"This is a new way of working, and we need to leverage AI across every facet of our jobs," CEO Brian Armstrong said in a letter to employees.
How much does a ticket to the Met Gala cost in 2026?
Tickets for Monday's Metropolitan Museum of Art event in New York City are into the six figures — if you get an invite.
GameStop offers to buy eBay for $55.5 billion, threatens hostile bid
EBay said on Monday that it will "carefully review" GameStop's unsolicited $ 125-per-share takeover offer.
More Americans are quitting their U.S. jobs to work abroad, study finds
Since 2021, the share of U.S.-based employees who have left their jobs to work in another country has more than doubled.
Could the FCC really yank ABC's TV licenses amid Trump spat with Kimmel?
Federal telecom regulators can revoke broadcast licenses, but legal experts say the FCC would face a tough road in forcing ABC to go dark.
GDP rose at 2% annual rate in first quarter as U.S. economy rebounds
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
Senate Banking Committee advances Kevin Warsh's nomination for Fed chair
Senators voted along partisan lines, with Republicans backing Warsh's nomination to lead the Fed and Democrats on the panel opposing him.
Michigan residents now paying an average $4.25 a gallon for gas, AAA says
To put the pricing in perspective, AAA says it would cost $49.82 in gas to make a round trip from Detroit to Grand Rapids in a vehicle that gets 27 mpg.