Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that policymakers may have to speed up their interest rate hikes to tame high inflation. With prices continuing to rise at a yearly pace of 6.4%, according…
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Business
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The Justice Department on Tuesday sued to block JetBlue Airways’ $3.8 billion proposed takeover of budget carrier Spirit Airlines, the Biden administration’s latest attempt to prevent industry consolidation. Spirit Airlines agreed to sell itself to JetBlue last…
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Toblerone chocolate packaging will no longer feature Switzerland’s iconic Matterhorn mountain, as its U.S. owner Mondelez moves some production to Slovakia later this year. The company will also remove a reference to Toblerone being “Swiss chocolate,” instead…
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School cafeterias are in crisis. Some school districts are serving more finger foods because they can’t always buy plastic utensils. One is using a federal voucher to subsidize the cheese on its pizzas. Another is…
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School cafeterias are in crisis. Some school districts are serving more finger foods because they can’t always buy plastic utensils. One is using a federal voucher to subsidize the cheese on its pizzas. Another is…
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Ice cream lovers: If you like a little savory with your sweet, Baskin-Robbins has a new flavor coming your way. The ice cream purveyor is debuting what it calls Chick’n & Waffles as its latest…
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After briefly spiking amid pandemic lockdowns, the rate of U.S. homeownership has stabilized at approximately 66%, a solid increase from the post-Great-Recession-low of 63% reached in 2016. Yet over the past decade, the gap in…
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Business
TD Bank agrees to pay $1.2 billion settlement over alleged role in infamous $7.2 billion Texas Ponzi scheme
TD Bank Group announced Monday that it had agreed to a $1.21 billion settlement relating to its alleged role in a $7.2 billion Ponzi scheme involving disgraced Texas financier Allen Stanford. Under the terms of…
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Business
DeSantis cements takeover of Disney’s special Florida district, and reveals clash with company
As Florida Gov. Ron DeSantis signs into law a bill stripping Disney of its longtime self-governing status in the state, his new book reveals he warned the entertainment giant about its political activities. In “The…
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The Biden administration has announced new measures it says could help make buying and owning a home more affordable for hundreds of thousands of people. The plan will cut mortgage insurance costs by 30% for…