Business

Ramesh ‘Sunny’ Balwani, the former business partner of Theranos founder Elizabeth Holmes, will be sentenced Wednesday for his role in the disgraced blood-test company’s years-long fraud. U.S. prosecutors have recommended Balwani, 58, receive at least…

Juul Labs has reached settlements covering more than 5,000 cases brought by about 10,000 plaintiffs related to its vaping products. Financial terms of the settlement were not disclosed, but Juul said that it has secured…

American consumers are stressed. You can blame the persistently high prices seen throughout the economy right now. In an interview with CNBC on Tuesday, Walmart CEO Doug McMillon said that customers started to become significantly…

At the beginning of the pandemic, waves of layoffs hit retail, leisure and hospitality workers — anyone whose job depended on in-person interactions. But now that the pandemic has waned, it is those workers who are…

Even as inflation persists, there are some bright spots where high prices are easing, Walmart’s CEO said Tuesday. Toys, clothing, and sports equipment categories are all seeing prices come down, Doug McMillon told CNBC. “In…

U.S. air travelers now have until May 7, 2025, to obtain a driver’s license or other government ID that complies with the federal REAL ID Act. How do you know if you have a REAL…

Rental car giant Hertz Global Holdings announced Monday it would pay $168 million to settle 364 claims that it erroneously filed criminal reports against customers who did not return vehicles on time. In February, CBS…

Job growth was much better than expected in November despite the Federal Reserve’s aggressive efforts to slow the labor market and tackle inflation. Nonfarm payrolls increased 263,000 for the month while the unemployment rate was…

Florida Gov. Ron DeSantis denied a report Friday that the state was considering reversing its decision to dissolve Disney’s special governing district near Orlando. In a statement, a spokesperson for DeSantis said the governor ‘does…

The Internal Revenue Service is alerting taxpayers about a number of changes hitting in the 2023 tax filing year. Among the most significant: Your tax refund, if you are eligible for one, may be smaller…