JPMorgan Chase on Tuesday announced the launch of its American Dream Initiative (ADI), which will invest in communities around the U.S. through several focus areas, including one focused on driving the growth of small businesses and entrepreneurship. The ADI aims to support small businesses by expanding their access to capital, providing…
Nearly 150 cases of an Einstein Bros. Bagels’ cream cheese flavor have been recalled over the potential presence of undeclared almonds that could pose a life-threatening allergic reaction risk for people with almond allergies. Wisconsin-based Schreiber Foods issued a voluntary recall last week of cases of Einstein’s Honey Almond Cream…
Federal Reserve Chair Jerome Powell said that the U.S. economy is facing a supply shock from the disruption of Middle East oil supplies after previous shocks like the COVID-19 pandemic and tariffs pushed prices higher. Powell spoke to an economics class at Harvard University on Monday and said that the series…
Air Canada said Monday that President and CEO Michael Rousseau will retire by the end of the third quarter of 2026, capping nearly two decades with the company. The announcement comes the same month as a fatal crash involving an Air Canada Jazz flight from Montreal at New York’s LaGuardia…
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Global banking giant HSBC Holdings Plc is considering significant job reductions in the years ahead, as CEO Georges Elhedery bets…
Rivian and Uber on Thursday announced a partnership worth up to $1.25 billion to accelerate the two companies’ plans for autonomous…
Popular ticket-selling platform SeatGeek is facing backlash after a job posting offering up to $175,000 and perks like $25,000 in…
Honda announced a $15.7 billion writedown of its electric vehicle (EV) business last week as the company shifts its U.S.…
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Mortgage rates spiked this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.38% from last…
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United Airlines is warning that airfares could rise up to 20% if the cost of jet fuel remains elevated for longer due to the spike in oil prices amid the war in Iran. United CEO Scott Kirby said in an interview on Bloomberg TV on Tuesday that the airline anticipates consumer…
BlackRock CEO Larry Fink said in his annual chairman’s letter that Trump Accounts could provide a “very significant” boost in jump-starting savings and investment by younger Americans. Fink noted that Americans are struggling to save money for emergencies in addition to funding retirement plans, and explained that early wealth-building accounts for…
Residents of a Texas city were urged to shelter in place following an explosion and fire at a Valero oil refinery that sent massive plumes of smoke billowing into the air. The incident happened Monday at Valero’s Port Arthur Refinery, which is located about 90 miles east of Houston and…
LONDONDERRY, NH – Home heating oil firms are facing mounting cost pressures as rising crude and diesel prices tied to Middle East tensions squeeze margins and disrupt operations across New England. The recent spike follows a cold winter that boosted demand for heating oil, leaving both consumers and suppliers exposed…
A nationwide recall has expanded to include close to 10 million pounds of frozen vegetable fried rice sold at Trader Joe’s stores in dozens of states, according to the U.S. Department of Agriculture (USDA) Food Safety and Inspection Service. Ajinomoto Foods North America Inc. announced a recall of 9,885,240 pounds…
Bank of America CEO Brian Moynihan on Monday sent a letter to shareholders along with the firm’s annual report that detailed the bank’s history and its role in America’s growth as the nation prepares to celebrate the 250th anniversary of the country’s founding. Moynihan noted that Bank of America’s oldest…
United Airlines is slashing flights as soaring fuel prices tied to the Iran war hit U.S. carriers, becoming the first major U.S. airline to announce a cut to capacity after weeks of industry warnings. United CEO Scott Kirby said in a staff memo released Friday that the airline will cut…
Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday that she’s penciled in multiple rate cuts before the end of the year. “I’m still concerned about the job market,” Bowman, considered one of the more hawkish members of the Federal Open Market Committee, said during an interview on…
Nearly 90,000 bottles of children’s ibuprofen have been recalled over the potential presence of a foreign substance, according to the Food and Drug Administration. Strides Pharma, Inc., headquartered in India, recalled about 89,592 bottles of its 100-milligram Children’s Ibuprofen Oral Suspension, the FDA said. The affected product was manufactured for Taro…
A new tax break is available this filing season for taxpayers who have car loans on vehicles that meet certain specifications. The One Big Beautiful Bill Act (OBBBA), which was passed through Congress by Republicans using the reconciliation process and signed into law last year by President Donald Trump, included a provision…
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