(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…
(NEW YORK) -- Ahead of the upcoming election in November, the popular ride-sharing service Lyft announced a partnership that its CEO said he hopes continues the company's mission to bring more people -- especially younger voters -- to the polls.Lyft CEO David Risher told ABC News in an interview that…
(NEW YORK) -- Tipping has seen a shift, especially compared to pre-pandemic, when the cost of food and everything else was lower, but one man's recent experience that went viral on social media has sparked new questions around gratuities.Mark O'Brien shared a video on Instagram showing an electronic screen that…
(NEW YORK) -- Looking for a unique vacation destination?Airbnb is offering customers an opportunity to stay in famous homes and places such as a re-creation of the Up house from Pixar's 2009 animated movie.Photos show the Up house, home to the fictional Carl Fredricksen and his late wife Ellie, brought…
(NEW YORK) -- Martinelli's has voluntarily recalled a single lot of its apple juice that was distributed to five major retailers after it tested for arsenic levels higher than U.S. Food and Drug Administration standards.S. Martinelli & Co. stated in a recall notice dated April 16, 2024, that the recall…
(WASHINGTON) -- The Federal Reserve is set to announce a decision on Wednesday about whether to adjust its benchmark interest rate, just days after new government data showed that the economy is cooling off.The slowdown has coincided with a months-long stretch of stubborn inflation, putting pressure on the Fed to…
(NEW YORK) -- For anyone still in planning mode for summer vacation, some experts say right now may be the best time to book the trip.Founder of The Points Guy Brian Kelly explained to ABC News' Good Morning America that the best booking timeframe, known as the goldilocks window, can…
(NEW YORK) -- It's been nearly one month since California raised the minimum wage at certain restaurants, which has put a spotlight on a course correction that many see as long overdue.But for some -- and not just fast food franchise owners -- the newly raised bar for compensation also…
(NEW YORK) -- Amazon Prime Day is making its annual return in July.The retailer previously announced the return of its biggest shopping event of the year along with plans to include even more savings than it has in years past."I'm thrilled to share that Prime Day will be back this…
(NEW YORK) -- Southwest Airlines famously allows passengers to select their own seats upon boarding, but the low fare carrier could be changing course.Earlier this week, after the Dallas-based carrier reported a $231 million net loss from the first quarter of 2024, CEO Bob Jordan commented on the "disappointing" results…
