Business News

(NEW YORK) -- The U.S. economy grew much faster than expected over three months ending in June, accelerating from the previous quarter and defying concerns about a possible slowdown.U.S. GDP grew at a 2.8% annualized rate over three months ending in September. That figure doubled the annualized rate of growth…

(NEW YORK) -- The Department of Justice and Boeing have finalized their plea agreement -- the manufacturer will plead guilty to conspiracy to defraud the United States and pay a fine of $243.6 million, according to a court filing.Boeing will also serve a three-year term of organizational probation; invest $455…

(NEW YORK) -- Shares of Tesla fell 12% in early trading on Wednesday after an earnings release showed slumping profits in the face of strengthened competition and sluggish sales.The earnings report fell short of Wall Street expectations for profit.“There have been quite a few competing electric vehicles that have entered…

(NEW YORK) -- Delta Air Lines passengers are voicing outrage over the growing chaos with the carrier that has yet to rebound its operations since the global tech outage.The Atlanta-based airline is in its sixth day of flight disruptions leaving ticketed passengers stranded at airports, following the CrowdStrike outage on…

(NEW YORK) -- Delta apologized for its widespread cancellations and delays over the last several days, issuing a new message Wednesday to customers affected by the fallout from the global IT outage last Friday.The airline also says it plans to issue 10,000 bonus miles and offers to reimburse "reasonable expenses."“Please…

(NEW YORK) -- McDonald's is extending its popular $5 meal deal as the value meal battle between fast food chains wages on.In a company memo obtained by ABC News, McDonald's executives said most U.S. locations will extend the deal through August.The deal that first launched on June 25 was only…

(WASHINGTON) -- The U.S. Department of Transportation is opening an investigation into Delta Airlines over recent flight disruptions, Transportation Secretary Pete Buttigieg said on Tuesday in a post on X."All airline passengers have the right to be treated fairly, and I will make sure that right is upheld," Buttigieg said.The…

(WASHINGTON) -- When Kamala Harris ran for president in 2020, she released 15 years of her personal tax returns, the most of any 2020 presidential candidate. The disclosure offers a glimpse into how Harris, who has emerged as the front-runner for the Democratic presidential nomination after President Joe Biden's sudden…

(NEW YORK) -- Families, friends, and even roommates are combining forces to create more savings on grocery products by buying in bulk and splitting the bill at big box retailers like Costco and Sam's Club.The idea of "bulk sharing," as first reported by the Wall Street Journal, applies to the…

(NEW YORK) -- The stock price of cybersecurity company CrowdStrike plummeted on Friday amid a global IT outage that has affected clients worldwide.Shares were down 11% at the close of trading on Friday. That performance marked a slight recovery from the morning hours, when the stock price had fallen as…