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…
Russia's independent news network, TV Rain, shuttered its Moscow operations in early March — its newsroom empty, broadcast signal shut off.The decision followed the draconian "Fake News" law the Kremlin enacted, effectively making it a crime to report the truth…
The Academy Awards ceremony is Hollywood's biggest night, and for decades, it was one of the most watched television events each year.Not anymore. Last year the broadcast experienced record low ratings, bringing in a mere 9.8 million viewers. Just eight…
Another Boeing plane has been grounded after a fatal crash, this time in China. That may be the least of the company's problems in a crucial market.The decision to ground the Boeing model 737-800 was made by China Eastern Airlines,…
At some point during the Academy Awards ceremony Sunday night, someone will undoubtedly shower praise on the nominated films as superb additions to the art of movie-making. But more importantly, someone — probably a lot of someones, including hosts, presenters…
The Federal Reserve has already raised interest rates once this year and is likely to keep hiking them for the rest of 2022. Investors have largely brushed off worries about higher rates, with the hope that the increases will ease…
The bond market is flashing a warning sign that has correctly predicted almost every recession over the past 60 years: a potential inversion of the US Treasury note yield curve.An inverted yield curve is often seen as a signal that…
Former Federal Reserve head Alan Greenspan has a keen interest in men's underwear.Not because he's preoccupied with the evolving fashions of nether garments — rather, he sees underwear sales as a key economic predictor.Sounds weird, right? But it's just one…
Saving money can take a little extra effort: clipping coupons, searching for a promotional code, signing up for an email list....But Amazon sometimes makes us check a box to save. Huh? Those orange "coupon" banners below the price on Amazon's…
Netflix has accomplished a lot in Hollywood: It's partnered with notable filmmakers, produced buzzy hit films and launched the streaming craze that revolutionized the industry.Yet there's one coveted Tinseltown accolade Netflix hasn't received: the Academy Award for best picture.That could…
Emily Horne, the spokesperson for the National Security Council, will depart her position on March 25, a White House official said, and will be replaced at that time by Adrienne Watson, a longtime Democratic press operative who joined the NSC…
Two hours after emailing a real estate newsletter of luxury homes to thousands of ultra-wealthy clients Friday morning, Shawn Elliott, president of the ultra luxury division at Nest Seekers International, said he received three inquiries. They were not from potential…
Ukrainian President Volodymyr Zelensky told US lawmakers Saturday his country urgently needs more assistance from the US, including the establishment of a no-fly zone over Ukraine, as it fights against Russia's invasion. During an hourlong Zoom meeting Saturday morning with…
