'Every family should be concerned' about debt ceiling, consumer watchdog warns
Leaders in Washington are running out of time to avoid an unprecedented default on US debt. The top consumer watchdog in the federal government is warning of dire consequences for American families.
1970-01-01 08:00
How Lyft's new CEO is 'copying' his former boss Jeff Bezos to turn around the company
David Risher had a rocky first week at his job.
1970-01-01 08:00
American consumers are growing worried about a US debt default
US consumer sentiment worsened in May as Americans grew concerned about the economy's direction and a potential default of the US government's debt, according to a preliminary report from the University of Michigan Friday.
1970-01-01 08:00
Biden nominates the first Latino to the Federal Reserve
President Joe Biden on Friday nominated economist and World Bank official Adriana Kugler to join the Federal Reserve's powerful Board of Governors and Philip Jefferson to be the central bank's vice chair.
1970-01-01 08:00
Who is Linda Yaccarino, reportedly Twitter's next CEO?
Twitter may soon have an ad sales veteran in charge, after months of hemorrhaging advertisers under owner Elon Musk.
1970-01-01 08:00
Here's how the 14th Amendment factors into the debt ceiling debate
As the stalemate over addressing the debt ceiling continues and the threat of default looms larger, President Joe Biden has resurfaced the controversial idea of using the 14th Amendment as a way to lift the borrowing cap without Congress.
1970-01-01 08:00
Why Mother's Day is the most hated day in the restaurant industry
From big groups that show up in waves ("most of us are here!"), to food-fussy kids and grandmas to splitting the check dramas, restaurants hate this holiday. This year is expected to be particularly challenging as high inflation and rising menu prices give some restaurant-goers an extra sense of entitlement.
1970-01-01 08:00
Adidas will sell Yeezy shoes after all
Adidas has decided what it's going to do with its unsold Yeezy merchandise.
1970-01-01 08:00
The real reasons stores are closing in big cities
Nordstrom, Whole Foods and other big chains have closed stores in major US cities recently, raising alarm about the future of retail in some the country's most prominent downtowns.
1970-01-01 08:00
Why current US recession warnings are unlike all the others
Economic experts are once again ringing the alarm bells over an imminent downturn. A US recession is coming, they say, in the second half of 2023. That time frame begins less than three weeks from now.
1970-01-01 08:00
Elon Musk says he's found a new CEO for Twitter
Elon Musk on Thursday said he's found a new CEO to take over Twitter, months after he first promised to step back from the role.
1970-01-01 08:00
Australia's trade minister visits China to lobby for 'full' restoration of trade
Australia's trade chief has arrived in China to lobby for the removal of curbs from its top trading partner, three years after relations soured when the previous administration in Canberra called for an investigation into the origins of Covid-19.
1970-01-01 08:00