(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.
(NEW YORK) -- U.S. airstrikes against Houthi targets in Yemen on Thursday night escalated an ongoing conflict over a shipping route that holds significant implications for oil prices and inflation.The military operation, undertaken in partnership with the United Kingdom, came in response to a... Read More.
(NEW YORK) -- A federal appeals court ruled this week that Texas hospitals and doctors are not required to perform emergency abortions despite guidance from the Biden administration.The U.S. Court of Appeals for the 5th Circuit, in a unanimous decision on Tuesday, said the... Read More.
(WASHINGTON) -- A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday -- and the enthusiasm owed little to what the central bank actually did.In addition to pausing its benchmark interest rate, the Fed forecasted a series of rate... Read More.
(NEW YORK) -- For the first time, researchers say they’ve found a possible cause of one of the most common, and life-interrupting, symptoms of pregnancy: morning sickness.This possible cause, according to a study published Wednesday in the medical journal Nature, is a hormone called... Read More.
(NEW YORK) -- Credit card debt climbed to a record high in the third quarter of 2023, surging nearly 5% from the previous quarter and leaving a growing share of borrowers late on payments, a Federal Reserve report this week showed.The report demonstrates the... Read More.
(NEW YORK) -- A gangbusters job market showed pronounced signs of a slowdown last month, a government report on Friday showed. The fresh data elicited predictions from some economists that hiring could stall by the middle of next year.The U.S. economy added 150,000 jobs... Read More.
(NEW YORK) -- Oil prices have climbed over fears the Israel-Hamas war could embroil the wider petroleum-producing Gulf region and threaten global output.The global Brent oil benchmark rose nearly 5% in trading on Monday, reversing some of a major decline in recent weeks that had... Read More.
(SAN JOSE, Calif.) -- Zoom, whose sales and cultural prominence soared when the pandemic forced millions of workers to stay home, said last week that it plans to bring employees back to the office.The San Jose, California-based company, which employs about 7,400 people, last... Read More.
(NEW YORK) -- The Federal Reserve raised interest rates to a 22-year high this week -- a milestone that carries major implications for the finances of everyday people, experts told ABC News.The move escalated an aggressive series of rate hikes that has helped dramatically... Read More.
(WASHINGTON) -- A respiratory syncytial virus, or RSV, vaccine for older adults could soon be available after an advisory committee for the Centers for Disease Control and Prevention voted to recommend them Wednesday.During a meeting, the agency's Advisory Committee on Immunization Practices looked at... Read More.
(NEW YORK) -- A submersible carrying five people while on a trip to the Titanic wreckage suffered a "catastrophic implosion," U.S. Coast Guard Rear Adm. John Mauger said at a press conference on Thursday.A remote-operated vehicle found debris from the OceanGate Titan submersible's tail-cone... Read More.