The Federal Reserve announced Wednesday it was keeping interest rates at their current levels amid improving consumer confidence and a declining inflation rate. In the run-up to Wednesday’s announcement, some Fed officials have been signaling …
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Business
Valentine’s Day spending on significant others is expected to hit a record $14.2 billion this year
by adminIf you’re one of the millions of consumers joyfully sharing your life with someone right now, the National Retail Federation thinks you’re really going to show it this Valentine’s Day. The organization projects total spending …
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Business
Ex-Starbucks employee sues chain for wrongful termination after stopping attempted robbery
by adminA former Starbucks employee is suing the coffee chain, saying he was wrongly terminated after he confronted robbers at his store. NBC affiliate KSDK of St. Louis reported that Michael Harris, 20, was working a …
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Alaska Airlines and United Airlines have both confirmed plans to return their fleet of Boeing 737 Max 9 planes to service in the wake of a near-disaster that saw a door panel on an Alaska …
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Business
Roomba-maker iRobot announces it’s laying off 31% of employees after Amazon deal falls through
by adminiRobot said Monday that a planned deal to be acquired by Amazon would not go through, a development that led the Roomba floor vacuum maker to announce it would now lay off 31% of its …
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Business
A silver lining from high mortgage interest rates: Bigger deductions on this year’s taxes
by adminHome mortgage rates have soared during the economic recovery from the pandemic, but the swelling ranks of homeowners facing steep interest payments this year may find some relief based on how they file their tax …
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Business
The U.S. economy grew at a 3.3% pace in the fourth quarter, much better than expected
by adminThe economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department …
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Tesla is recalling approximately 200,000 vehicles over a software glitch that can prevent rearview cameras from displaying properly. According to a document posted on the National Highway Traffic Safety Administration’s website, affected models include 2023 …
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Business
Ford recalling about 2 million Explorers over fears of pieces flying off while driving
by adminDETROIT — Ford is recalling nearly 1.9 million Explorer SUVs in the U.S. because a trim piece can fly off and create a hazard for other drivers. The recall covers Explorers from the 2011 through …
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Nearly everyone, from the Federal Reserve to big-bank chiefs, thought a recession was likely to hit last year. Instead, 2023 delivered better-than-expected economic growth and falling inflation — welcome news for Wall Street investors and …