(NEW YORK) -- Capital One's decision to acquire Discover could establish a new megafirm that shakes up the credit card industry.The move may hold long-term implications for credit card holders, regardless of whether they bank with Capital One or shop with Discover, experts told... Read More.
(WASHINGTON) -- The Food and Drug Administration (FDA) is urging consumers to take another look at the packaging for their eye drops.On Wednesday, the FDA warned not to purchase or use South Moon, Rebright or FivFivGo brand eye drops because of the potential risk... Read More.
(The Center Square) – An average annual increase of $65 in workers’ compensation premiums will be shared by employers and employees starting Jan. 1. ... Read More.
(The Center Square) – It’s the gift-giving season, and plenty of Washington residents will likely find retailer gift cards stuffed in their stockings again this year. ... Read More.
(WASHINGTON) -- Consumer prices rose 3.2% in October compared to a year ago, cooling significantly from the previous month and exceeding economist expectations. The data indicates progress in the Federal Reserve's fight to reduce inflation.The results mark a half-percentage-point decline from the annual inflation... Read More.
(NEW YORK) -- The cost of doing business in California could soon be slightly more expensive with minimum wages set to increase in April. But what does that mean for menu prices at fast food restaurants that employ hourly workers?A spokesperson for Chipotle confirmed... Read More.
(WASHINGTON) -- The Federal Trade Commission is proposing a new rule that seeks to eliminate junk fees -- those hidden costs that can unexpectedly push up prices consumers pay at checkout.The proposed rule would apply to many industries across the economy, including event tickets,... Read More.
(NEW YORK) -- Low water levels at the Panama Canal are causing a traffic jam at the historic trading route that connects the Atlantic and Pacific Oceans, threatening to ensnarl the holiday shipping season and raising alarm among canal officials.The 109-year-old canal works through... Read More.
(NEW YORK) -- McDonald's customers are more reluctant to add fries to their order, grocery shoppers are less willing to swallow the elevated price of Unilever mayonnaise and Target customers are balking at some high-priced items.Executives from each of these companies mentioned the respective... Read More.
(NEW YORK) -- The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress.Instead, the Federal Reserve on Wednesday imposed another hike, extending a yearlong blitz of... Read More.
(NEW YORK) -- Moderna will keep its COVID vaccine on the market at no cost to consumers, even after the federal government stops paying for it, the company announced Wednesday."Everyone in the United States will have access to Moderna's COVID-19 vaccine regardless of their... Read More.
(NEW YORK) -- After nearly 9,500 laser strikes were reported against aircraft last year, U.S. officials are calling on manufacturers to warn customers of potential risks.The acting administrator of the Federal Aviation Administration, Billy Nolen, wrote to laser manufacturers and distributors on Thursday asking... Read More.