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Business

News related to money, including business and finance.

Justice Department investigating Abbott baby formula plant

Justice Department investigating Abbott baby formula plant

Abbott's Michigan plant's closure in February 2022 was a key cause of a nationwide baby formula shortage that forced parents to seek formula from food banks, friends and doctor’s offices.

January 21, 2023 1:29pm EST
Still time to save: Thirty-year mortgage rates hold steady for third straight day | Jan. 20, 2023

Still time to save: Thirty-year mortgage rates hold steady for third straight day | Jan. 20, 2023

Check out the mortgage rates for Jan. 20, 2023, which are largely unchanged from yesterday.

January 20, 2023 5:24pm EST
Suspect held in $100 million fraud case involving small NJ deli

Suspect held in $100 million fraud case involving small NJ deli

A suspect wanted in connection with an alleged stock manipulation scheme that led a small New Jersey delicatessen to be listed as a public company worth $100 million will be extradited back to the U.S.

January 20, 2023 4:02pm EST
Rat poison sickens Taco Bell customer, but 'no evidence' that it was employees, authorities say

Rat poison sickens Taco Bell customer, but 'no evidence' that it was employees, authorities say

Investigators in Colorado say the man was hospitalized after eating rat poison but “can not account for how it got in the food.”

January 20, 2023 2:53pm EST
UK's top food watchdog: Bringing cake to the office is similar to secondhand smoke

UK's top food watchdog: Bringing cake to the office is similar to secondhand smoke

Even the prime minister weighed in after the chair of the United Kingdom's Food Standards Agency suggested that bringing cake into an office is similar to putting colleagues at risk with passive smoking.

January 20, 2023 9:41am EST
T-Mobile says data on 37 million customers stolen

T-Mobile says data on 37 million customers stolen

T-Mobile says hackers have stolen data on 37 million customers.

January 20, 2023 9:13am EST
Google cutting 12,000 jobs as tech industry layoffs widen

Google cutting 12,000 jobs as tech industry layoffs widen

Google has become the latest tech company to trim staff after rapid expansions during the COVID-19 pandemic have worn off.

January 20, 2023 8:32am EST
Amazon shutting down AmazonSmile charity program amid wider cost-cutting moves

Amazon shutting down AmazonSmile charity program amid wider cost-cutting moves

The program will end on February 20, and it allowed Amazon to donate a small percentage of eligible purchases to a charity selected by customers.

January 19, 2023 5:50pm EST
Today’s 20-year mortgage rates continue to offer best money-saving opportunity | Jan. 19, 2023

Today’s 20-year mortgage rates continue to offer best money-saving opportunity | Jan. 19, 2023

Check out the mortgage rates for Jan. 19, 2023, which are largely unchanged from yesterday.

January 19, 2023 10:29am EST
Hip hop artist Flo Rida awarded $82.6M in lawsuit against Celsius energy drinks

Hip hop artist Flo Rida awarded $82.6M in lawsuit against Celsius energy drinks

Flo Rida, whose real name is Tramar Dillard, sued Celsius Holdings Inc. after claiming the company breached a contract with him and then tried to hide money.

January 19, 2023 7:23am EST
Gas prices rise in tandem with oil even as demand drops: AAA

Gas prices rise in tandem with oil even as demand drops: AAA

The national average cost for a gallon of gas rose to $3.32, four cents more than last week and 17 cents more than a month ago.

January 18, 2023 3:57pm EST
Good news: Today’s mortgage rates fall across all terms | Jan. 18, 2023

Good news: Today’s mortgage rates fall across all terms | Jan. 18, 2023

Check out the mortgage rates for Jan. 18, 2023, which are trending down from yesterday.

January 18, 2023 1:12pm EST
Party City files for bankruptcy protection amid rising prices

Party City files for bankruptcy protection amid rising prices

Party City is filing for Chapter 11 bankruptcy protection after struggling with rising prices and a pullback in customer spending.

January 18, 2023 12:36pm EST
IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023

IRS ends COVID-19 tax credits: Here's what you need to know before filing in 2023

Among the several pandemic tax credits returning to 2019 levels is the Child Tax Credit. Filers will get $1,600 less in credit for 2022 for each qualifying child under age 17.

January 18, 2023 11:06am EST
Starbucks to offer nationwide DoorDash delivery by March

Starbucks to offer nationwide DoorDash delivery by March

Starbucks said delivery represents a “significant growth opportunity” for the coffee giant as more people shift to remote work with less in-person ordering.

January 18, 2023 8:38am EST
Amazon begins cutting 18,000 workers in its biggest layoffs ever

Amazon begins cutting 18,000 workers in its biggest layoffs ever

Amazon's layoffs are just a fraction of its 1.5M global workforce.

January 17, 2023 4:57pm EST
Social Security benefits can be taken to pay student loans in default

Social Security benefits can be taken to pay student loans in default

Up to 15% of a person’s Social Security benefits can be garnished to pay student loans in default.

January 17, 2023 3:34pm EST
Today’s best mortgage deal? Look to 15-year rates for greater interest savings | Jan. 17, 2023

Today’s best mortgage deal? Look to 15-year rates for greater interest savings | Jan. 17, 2023

Check out the mortgage rates for Jan. 17, 2023, which are up from last Friday.

January 17, 2023 3:19pm EST
Many smaller businesses plan to ramp up hiring in 2023, survey finds

Many smaller businesses plan to ramp up hiring in 2023, survey finds

The survey found that 84% of smaller business leaders said they’re also increasing compensation, while others are offering hiring bonuses, more flexible hours, and remote work options.

January 16, 2023 10:30am EST
Here's what is open and closed on MLK Day 2023

Here's what is open and closed on MLK Day 2023

The U.S. is marking Martin Luther King Jr.‘s birthday on Monday, Jan. 16. The federal holiday means government agencies and many banks will be closed.

January 16, 2023 8:52am EST
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Latest News

New Jersey bill could ban plastic utensils, hefty fines loom

New Jersey bill could ban plastic utensils, hefty fines loom

$1.5M bail reinstated for man accused of shooting Philly school safety officer

$1.5M bail reinstated for man accused of shooting Philly school safety officer

NJ propane shortage: State of Emergency declared

NJ braces for propane shortage: State of Emergency declared

Bucks County man arrested in El Salvador brought back to US to face child sex assault charges

Bucks County man arrested in El Salvador brought back to US to face child sex assault charges

Who is Tayvine Jones?: Inside accused Philadelphia gang hitman's violent past

Who is Tayvine Jones?: Inside accused Philadelphia gang hitman's violent past

Trending

I-76 West to shut down overnight for months near 30th Street due to Market Street Bridge construction

I-76 West to shut down overnight for months near 30th Street due to Market Street Bridge construction

Santa actor, retired New Jersey elementary teacher, arrested in child exploitation investigation

Santa actor, retired New Jersey elementary teacher, arrested in child exploitation investigation

South Philly street artist helps create signs displaying SEPTA bus arrival times

South Philly street artist helps create signs displaying SEPTA bus arrival times

Customers locked out of Store Space Self Storage in Philly due to power outage: 'Extremely frustrated'

Customers locked out of Store Space Self Storage in Philly due to power outage: 'Extremely frustrated'

Philadelphia weather: Measurable snow expected this weekend with bitter cold temps

Philadelphia weather: Measurable snow expected this weekend with bitter cold temps

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