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Browsing: Business

Business

Fed minutes show tariff inflation fears outweighed jobs market in July rate decision

The minutes of the Federal Reserve's July meeting released on Wednesday showed that policymakers were more concerned about the risk of inflation from...

Business

From intern to CEO: Who is Michael Fiddelke, Target’s next chief executive?

Michael Fiddelke will take the helm as Target’s CEO and join its board of directors in February, more than 20 years after starting his career with the...

Business

CVS Caremark ordered to pay $290M after Medicare fraud scheme exposed by former Aetna whistleblower

A federal judge has ordered CVS Health’s pharmacy benefit manager, Caremark, to pay nearly $290 million after a whistleblower accused the business of...

Business

Betting markets show Mamdani maintains a big lead in NYC mayoral race

New York State Assemblyman Zohran Mamdani is holding on to a sizeable lead in the New York City mayoral race, prediction markets data shows.Mamdani, t...

Business

Betting markets show Mamdani maintains a big lead in NYC mayoral race,

New York State Assemblyman Zohran Mamdani is holding on to a sizeable lead in the New York City mayoral race, prediction markets data shows.Mamdani, t...

Business

United and Delta face lawsuits over windowless window seats sold to passengers for extra fees

United Airlines and Delta Air Lines are accused of charging passengers for windowless window seats where they were seated next to a wall that blocked...

Business

Major retailer says 'no' to California, pulls zero punches outlining economic 'reality'

Bed Bath & Beyond’s Executive Chairman Marcus Lemonis announced on Wednesday that the company won't open or operate retail stores in California, s...

Business

McDonald's to slash combo meal prices to win back budget-conscious shoppers

McDonald's franchisees will cut the cost of combo meals to revive the chain’s image as an affordable option at a time when many consumers are keeping...

Business

Trump hits Federal Reserve Chair Powell over housing industry in latest attack, blasting mortgage rates

President Donald Trump this week launched twin attacks on social media against Federal Reserve Chair Jerome Powell and Federal Reserve Governor Lisa C...

Business

Trump calls for Fed governor's resignation as ally requests DOJ probe

President Donald Trump on Wednesday called for the resignation of a Federal Reserve governor after one of his allies submitted a referral requesting t...

Business

Powell faces economic crossroads in Jackson Hole speech as Fed chair tenure nears end

Federal Reserve Chair Jerome Powell will deliver a keynote address at the annual Jackson Hole event on Friday at a crucial time as the economy anticip...

Business

AI credit disputing tool launches for consumers nationwide to correct credit report errors

A new artificial intelligence (AI) credit disputing tool has been used tens of thousands of times by consumers since it launched, according to the CEO...