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Business

News related to money, including business and finance.

Regal Cinemas closing 39 US movie theaters following parent company Cineworld's bankruptcy filing

Regal Cinemas closing 39 US movie theaters following parent company Cineworld's bankruptcy filing

Cineworld says closing theaters will save $22 million annually.

January 21, 2023 11:04pm EST
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
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
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
Your little do-it-yourselfer can have a birthday party at Lowe's

Your little do-it-yourselfer can have a birthday party at Lowe's

Lowe’s is now booking in-store birthday party packages for kids ages 5 and up at select locations across the U.S., complete with DIY projects and pizza.

January 19, 2023 12:58pm 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
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
Decade-high credit card, personal loan delinquency rates coming in 2023: TransUnion

Decade-high credit card, personal loan delinquency rates coming in 2023: TransUnion

TransUnion forecasted serious credit card and personal loan delinquencies will rise end of 2023. Here's how you can pay down debt.

January 17, 2023 7:00pm 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
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
Inflation drops in December – will the Fed slow interest rate hikes in 2023?

Inflation drops in December – will the Fed slow interest rate hikes in 2023?

Inflation eased in December, but interest rates are likely to increase a few more times in 2023. However, the rate of increase could slow, one Fed official says. Here's what it means for you.

January 13, 2023 11:32am EST
Biden proposes new student loan repayment plan: Here’s how much borrowers will save

Biden proposes new student loan repayment plan: Here’s how much borrowers will save

The Department of Education's new student loan repayment plan would offer $0 monthly payments for any individual borrower who makes less than roughly $30,600 annually and any borrower in a family of four who makes less than about $62,400.

January 12, 2023 5:08pm EST
FTX Trading bankruptcy: Customer, creditor information will remain concealed

FTX Trading bankruptcy: Customer, creditor information will remain concealed

The judge presiding over the bankruptcy of cryptocurrency exchange FTX Trading is allowing the company to maintain a veil of secrecy over the names of individual customers and creditors.

January 11, 2023 6:47pm EST
10-year fixed private student loan rates fall to lowest levels in five weeks

10-year fixed private student loan rates fall to lowest levels in five weeks

The latest private student loan interest rates from the Credible marketplace, updated weekly.

January 11, 2023 3:23pm EST
FTX name can be stripped from Miami Heat arena, bankruptcy court rules

FTX name can be stripped from Miami Heat arena, bankruptcy court rules

The naming rights deal between FTX and Miami-Dade County has been terminated by a federal bankruptcy court following the collapse of the cryptocurrency exchange.

January 11, 2023 2:20pm EST
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Stimulus payment December 2025, IRS direct deposit relief payment & tariff dividend fact check

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Dept. of Education reaches deal to end SAVE plan: What this means for student loan borrowers

Dept. of Education reaches deal to end SAVE plan: What this means for student loan borrowers

Potential illegal dumping grounds: Garbage pileup in Stamford, CT

Potential illegal dumping grounds: Garbage pileup in Stamford, CT

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