Spotify announced Monday it will increase the price of its premium service by $1, to $10.99. The music streaming giant said existing premium plan subscribers would be notified via email of when the increase would…
Business
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U.S. consumer confidence increased to a two-year high in July amid a persistently tight labor market and receding inflation, bolstering the economy’s prospects in the near term. But the economy is not out of the…
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MIAMI — At the height of the Covid pandemic, Miami — the new home of soccer superstar Lionel Messi — emerged as an unlikely destination for individuals seeking an escape from lockdowns and a return…
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The U.S. Federal Reserve has launched a long-awaited service which will aim to modernize the country’s payment system by eventually allowing everyday Americans to send and receive funds in seconds, 24 hours a day, seven…
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Business
FTX lawyers accuse Sam Bankman-Fried of financing his criminal defense with $10M in misappropriated funds
Sam Bankman-Fried, co-founder of failed crypto exchange FTX, was sued in Delaware bankruptcy court on Thursday by his ex-company’s lawyers, who accuse him and members of his leadership team of stealing hundreds of millions of dollars.…
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The Internal Revenue Service will end most unannounced in-person visits to taxpayers in order to ‘reduce public confusion’ and improve safety for taxpayers and employees alike, the agency said Monday. The change reverses a decades-long…
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Negotiators for UPS and the Teamsters union representing some 340,000 workers at the nation’s largest package carrier are going back to the table on Tuesday, seeking to finalize a labor deal by the end of…
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Natural gas prices are down, but temperatures are up and so are many households’ utility bills. Across the country, programs for helping low-income residents cover their energy costs — designed decades ago with winter heating…
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Business
Why are frozen vegetable prices so high? Blame war, immigration and California weather, economists say
Even as U.S. inflation broadly cools, frozen vegetable prices are hot. The average shelf price for frozen veggies rose by 18% in the past year — the largest increase among all grocery items, according to the consumer…
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“Barbenheimer” is off to a red-hot start at the domestic box office. One-half of the viral internet meme, “Barbie,” snared $22.3 million in Thursday night preview tickets, the most of any film released so far…