Thursday, April 25, 2024

Business

Uber Opens Up A Space For NYC Taxi Cabs On Its App

Uber, which was hit by driver shortages during the pandemic, will list New York City taxi cabs on its app, a partnership that until recently would have been unthinkable with both c...

US States Seek To Ease Inflation Burden With Direct Payments

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PORTLAND, Maine (AP) — With inflation raging and state coffers flush with cash, governors and lawmakers across the U.S. are considering a relatively simple solution to help ease th...

Americans Applying For Jobless Aid Is Lowest Since 1969

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WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S. job market continues to show strength in the...

Mackenzie Scott Announces Nearly $4 Billion In Donations

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Billionaire philanthropist MacKenzie Scott revealed that she has donated nearly $4 billion to 465 nonprofits according to a blog post Wednesday, confirming the gifts that the group...

Powell: Digital Currencies Will Require New Regulations

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will r...

Powell Says Fed Will Hike Further And Faster If Necessary

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WASHINGTON (AP) — Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain grow...

Apple Co-Founder Wozniak Still Looking For Next Big Thing

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Apple co-founder Steve Wozniak has remained immersed in technology while also pursuing divergent interests since his 1985 departure from the revolutionary company he started with t...

Berkshire’s $11.6B Deal For Alleghany Expands Insurance Wing

Warren Buffett's Berkshire Hathaway is buying the insurance company Alleghany in a deal valued at approximately $11.6 billion. The acquisition will expand Berkshire's already co...

Former Apple Employee Charged With Defrauding $10 Million

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SAN JOSE, Calif. (AP) — A former Apple employee has been charged with defrauding the tech giant out of more than $10 million by taking kickbacks, stealing equipment and laundering ...

Lyft Details Fuel Surcharge To Help Offset Rising Gas Prices

Lyft will add a fuel surcharge of 55 cents to each ride given by drivers to offset surging gasoline prices. The company said earlier this week that it would be following DoorDas...

Amazon To Build Affordable Housing Near Transit Stops

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SEATTLE (AP) — Amazon said Tuesday it will spend more than $120 million to build affordable-housing units close to transit stations near Seattle and Washington, D.C, the latest exa...

Chinese Virus Cases Climb, Raise Threat Of Trade Disruption

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BEIJING (AP) — Chinese authorities on Tuesday tightened anti-virus controls at ports, raising the risk of trade disruptions after some auto and electronics factories shut down as t...

US Producer Prices Climbed 10% In February From A Year Ago

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Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy. The L...

Average US Gas Price Spikes 79 Cents Over 2 Weeks To $4.43

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline shot up a whopping 79 cents over the past two weeks to a record-setting $4.43 per gallon (3.8 liters). ...

Uber Charging Customers New Fuel Fee For Rides, Delivery

Citing record-high prices for gasoline, Uber is charging customers a new fuel fee to help offset costs for ride-hail and delivery drivers. The temporary surcharge will be either...

Google, Meta Face EU, UK Probes Into Ad Bidding Agreement

BRUSSELS (AP) — British and European regulators threatened to crack down on Google and Facebook parent Meta over an agreement for online display advertising services, saying Friday...

United Airlines To Bring Back Workers Idled Over Vaccination

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CHICAGO (AP) — United Airlines will bring back employees who were placed on unpaid leave last year because they refused to get vaccinated against COVID-19. The airline told empl...

Gas Price Hikes Fueling Electric Vehicle Conspiracy Theories

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WASHINGTON (AP) — Some social media users suggest that soaring fuel prices in the U.S. aren’t the result of Russia's invasion of Ukraine, increased consumption or supply chain issu...

US Inflation Soared 7.9% In Past Year, A Fresh 40-Year High

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WASHINGTON (AP) — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger...

1st NY Pot Sales Permits Will Go To People With Convictions

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ALBANY, N.Y. (AP) — The first licenses to sell recreational marijuana in New York will go to people who were casualties of the war on drugs, state officials said Wednesday. Peop...