Business

It seems like a contradiction: How would increasing the cost of monthly credit payments help to bring down the price of goods and services in the economy? But that is the logic Federal Reserve officials…

Anheuser-Busch, the parent company of Bud Light, announced it will lay off 350 employees, many of them in corporate positions, as it seeks to recover from the fallout over a campaign involving a trans influencer.…

LAS VEGAS — Casino mogul Steve Wynn has ended a yearslong legal fight with Nevada gambling regulators that started with claims of workplace sexual misconduct, agreeing to pay a $10 million fine and cut ties…

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…

U.S. gas prices hit an eight-month high Thursday amid rising oil prices. The national average price for a gallon of regular unleaded climbed to $3.71 Thursday, data from AAA showed. That’s more than $0.13 higher…

Gap announced Wednesday it’s poached a top Mattel executive to be its new CEO as the apparel giant seeks to reverse an ongoing sales slump and regain its relevancy in the fashion industry. Richard Dickson, the president and…

A judge in New York is weighing whether to revoke Sam Bankman-Fried’s bail after prosecutors said Wednesday that the FTX co-founder used the news media to harass a key witness against him and should be locked…

UPS and the Teamsters union reached a tentative agreement for a new five-year contract covering 340,000 workers at the country’s largest package carrier Tuesday, six days before a threatened strike that risked snarling deliveries across…

The Federal Reserve announced Wednesday it had raised its key interest rate by 0.25% to as much as 5.5%, the highest level in 22 years, as it continues to fight persistent inflation in the U.S.…

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…