Business News

(NEW YORK) -- Apple unveiled new models of its iPad at an event on Tuesday, promising revamped devices at affordable prices."This is the biggest day for iPad since its introduction," CEO Tim Cook declared.The announcement exemplified the current strategy at Apple: Rely on new models of its signature items, rather…

(NEW YORK) -- In an effort to be more inclusive, The Boy Scouts of America is changing its name to Scouting America, the organization announced Tuesday.The rebrand reflects "the organization's ongoing commitment to welcome every youth and family in America to experience the benefits of Scouting," the group said in…

(NEW YORK) -- Starbucks shares have plummeted more than 17% in value since the company revealed a sales slump in an earnings report last week.“The brand is incredibly resilient, but it’s clearly not business as usual,” former CEO Howard Schultz said in a post on LinkedIn on Sunday.The coffee giant…

(NEW YORK) -- At the start of 2024, the economy appeared to deliver just about everything President Joe Biden could want: falling inflation, robust growth and a forecast of interest rate cuts at the Federal Reserve that might send economic output even higher.Since then, however, the sunny outlook has darkened.…

(NEW YORK) -- Young adults and frequent users push back against the federal government forcing a sale of TikTok or banning the social media app in the United States, but older adults, infrequent users and nonusers are on board, resulting in a tilt toward support for action, according to a…

(NEW YORK) -- Publix and Dollar Tree shoppers should check their pantries for two types of Planters brand nuts that were recently recalled across five states.In a company announcement dated May 3 and posted on the U.S. Food and Drug Administration website, Planters' parent company, Hormel Foods Sales, LLC, announced…

(WASHINGTON) -- Boeing officially locked out its unionized firefighters in Washington after the firefighter's union failed to come to an agreement with the company after two-and-a-half months of negotiations, primarily over pay.This is the first time in over four decades that a group of firefighters have been on a lock…

(NEW YORK) -- A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nation’s brisk economic growth.Employers hired 175,000 workers last month, falling short of economist expectations of 240,000…

(HONOLULU) -- Hawaii Gov. Josh Green signed a bill into law to give counties more authority to regulate short-term vacation rentals amid the ongoing state housing crisis and aftermath of the Maui wildfires.Now, a day after the bill signing, local advocates from Lāhainā Strong are joining County Maui Mayor Richard…

(NEW YORK) -- For months, the Federal Reserve has forecasted interest rate cuts that would deliver much-needed relief for Americans burdened by high mortgage and credit card loans.At a press conference this week, however, Fed Chair Jerome Powell cast doubt on whether those rate cuts would arrive after all, saying…