People love that "new car smell." For most cars and SUVs, it's a mixture of plastics, stain resistant fabrics and maybe some actual leather, as well. It's a complex olfactory chorus of odors that elicits an emotional response. At car…
The Walt Disney Company has had a messy few weeks. First, it experienced backlash over its failure to condemn Florida's new "Don't Say Gay" law, which will ban schools from teaching students in the third grade and below about gender…
President Joe Biden on Friday announced his intent to nominate former Obama Treasury official Michael Barr as the vice chair for supervision of the Federal Reserve, a move that would install a key architect of the Dodd-Frank Act of 2010…
Chinese officials are grappling with the economic distress caused by their Covid-19 restrictions, as several cities remain in lockdown, according to the head of a European trade group.Jörg Wuttke, president of the European Union Chamber of Commerce in China, said…
New Jersey will begin adult recreational cannabis sales and use starting next Thursday, according to a release from the state's cannabis regulatory commission.According to the release, the commission will issue licenses to seven alternative treatment centers — including 13 retail…
David Zaslav, the longtime leader of Discovery, sketched out his vision for the newly formed Warner Bros. Discovery in his first global town hall with the new company's employees on Thursday.Zaslav spoke from the iconic Warner Brothers movie studio lot…
For many of the nation's small and independent brewers, this year will prove to be a true test of their staying power.Early data for 2022 shows that brewery closures are on the rise and some sales have been spotty, said…
Americans are feeling slightly better about the economy again, in part because they believe the worst of the latest surge in gas prices is behind them, consumer sentiment data showed Thursday.After an initial jump in energy costs in response to…
The road to financial independence is not easy, and usually requires patience and diligence early on.For young people still trying to establish their careers, focusing on retirement or saving for the future may not seem like a top priority. But…
The European Central Bank still won't say when it might start raising interest rates, even as inflation surges to another record high. Given war in Ukraine, as well as a Covid surge in China, it wants to keep its options…
With home prices skyrocketing by double-digit percentages over the last year, it would be no surprise if property taxes jumped too.But surprisingly, the average property tax on a single-family home rose by just 1.8% last year to $3,785, increasing at…
Mortgage rates rose again this week, reaching 5% for the first time in over a decade.The 30-year fixed-rate mortgage averaged 5% in the week ending April 14, up from 4.72% the week before, according to Freddie Mac. That's the highest…
It's been more than a month since Russia invaded Ukraine — with atrocities and tragedies playing out day after day across social media and televisions around the world.The US, our European allies and our global partners are completely aligned in…
Wall Street's biggest players have had a rough start to the year.All of the biggest US banks saw profits take a hit in the first three months of 2022, ending a pandemic-era boom.Citi, Goldman Sachs, Morgan Stanley and Wells Fargo…
Gas doesn't just fuel cars, it also powers Marlboros, Red Bull, and Doritos.An estimated 80% of the fuel purchased in the United States comes from local convenience stores, which bring in about $475 billion of revenue each year, according to…
New York Attorney General Letitia James launched a wide-ranging investigation Thursday into whether the oil industry has engaged in gas price gouging, a person familiar with the matter told CNN.The probe is believed to be the first in the nation…
Warner Bros. removed two lines of dialogue about a gay relationship for the Chinese release of its latest Harry Potter movie.The six seconds of dialogue in "Fantastic Beasts: The Secrets of Dumbledore" discussed the romance between male characters Albus Dumbledore,…
Bed Bath & Beyond signaled turbulence in the months ahead. It's already seeing a sales slump at its stores as shoppers struggle to find what they need there, and it anticipates that customers will continue to pull back their spending.The…
Amazon said Wednesday that for the first time in company history it will charge sellers a 5% fuel and inflation surcharge.The e-commerce giant said the new fee will begin April 28 and is being imposed because inflation has worsened significantly…
Labor unions haven't had this much success in decades.After years of failed organizing efforts and a long, steady decline in the number of private sector workers represented by unions, two grassroots upstart groups have scored recent victories at two of…
Food prices keep going up.In the year ending in March, not adjusted for seasonal swings, food prices rose 8.8% — the biggest 12-month increase since the year ended May 1981, the Bureau of Labor Statistics reported Tuesday.Over the past year,…
Russia's war in Ukraine has "redrawn the contours" of the global economy, stoking concerns of recessions and creating an urgent need to "stave off starvation" for hundreds of millions of people around the world, US Treasury Secretary Janet Yellen said…
Travel is booming, and Delta Air Lines boosted ticket prices. That helped the company weather higher fuel costs in the first quarter, and Delta believes it can turn a profit in the second quarter.The company reported an adjusted net loss…
Big banks like to stick together on major policy decisions. But as Wall Street grapples with heading back-to-work, a rare chasm is growing between the finance giants.The implications of these choices, and the resulting stratification of policies will likely ripple…
