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Browsing: Business

Business

Bessent outlines the qualities he's looking for as he vets Trump's Fed shortlist

Treasury Secretary Scott Bessent on Thursday outlined the qualities he is seeking as he vets candidates from President Donald Trump's shortlist to lea...

Business

Treasury Secretary Scott Bessent pushes back on claims he’s pressuring the Fed to slash rates

Treasury Secretary Scott Bessent says he isn't in the business of giving the Fed marching orders, but his view that a neutral interest rate would be 1...

Business

Dodgers star Mookie Betts teams with Corona for first-of-its-kind baseball-beach audio experience

Postseason baseball is unlike any of the 162 games played by an MLB team – every pitch, every hit and every moment matters that much more. It's peak i...

Business

Starbucks CEO sets new time goal for baristas making your order

Four minutes or less. That is how long the Starbucks chief executive officer would like for it to take from order to drink in hand. The new operating...

Business

Keeping Social Security from going broke requires tax hikes that will hit younger Americans for 6 figures

Social Security marks its 90th anniversary on Thursday, and the longstanding safety program is facing projections of insolvency in less than a decade,...

Business

Miami sailboat crash survivor 'stared death in the face,' lawyer says

A 7-year-old survivor of the deadly Miami sailboat crash has been released from the hospital, and the lawyer representing her family says the child "s...

Business

Philips to invest over $150M in US manufacturing, research facilities

Philips is investing more than $150 million toward U.S. manufacturing and research and development with the goal of expanding the production of AI-pow...

Business

Amazon expands same-day delivery service to include perishable food items in over 1,000 cities

Amazon announced Wednesday it is expanding its same-day delivery service to include thousands of perishable food items, marking the retail giant's lat...

Business

'Godfather of AI' warns machines could soon outthink humans, calls for 'maternal instincts' to be built in

Geoffrey Hinton, one of the most prominent figures in the world of artificial intelligence, is sounding the alarm that machines could soon outthink hu...

Business

City-owned Missouri grocery store closes as Mamdani campaigns for some in New York

As New York City Democratic mayoral candidate Zohran Mamdani promotes the idea of city-run grocery stores, one city-owned market in Missouri closed it...

Business

Fed's current monetary policy stance is 'exactly where we want to be,' official says

A member of the Federal Reserve panel that makes decisions about monetary policy said that he favors keeping interest rates at their current level to...

Business

Kellogg's becomes first company to sign legally binding agreement removing toxic dyes from cereals

After months of investigation and negotiations, Texas Attorney General Ken Paxton announced Wednesday that WK Kellogg Co. "Kellogg’s" will permanently...