Business

The Revuelto, Lamborghini’s first plug-in hybrid, pairs a V12 engine with three electric motors. — Morgan Korn/ABC News (NEW YORKI) — Lamborghini has sold adrenaline-inducing speed and spaceship-like designs for decades, to much success. The brand’s executives are blunt, however, when it comes to their cramped cabins: “We’re not very famous for the interior.” That’s […]

Bloomberg Creative/Getty Images (NEW YORK) — Borrowers have waited years for a sign of relief from high interest rates for everything from credit card loans to mortgages. The wait may come to an end this week. Investors widely expect the Federal Reserve to cut interest rates at a meeting on Wednesday. The move would dial […]

Victor J. Blue/Bloomberg via Getty Images (NEW YORK) — Sam Bankman-Fried, the founder of bankrupt crypto exchange FTX, was convicted because of a “false narrative” told by federal prosecutors at a trial “tainted” by errors, his attorneys argued in a new court filing Friday to a federal appeals court. “Fair trial principles were swept away […]

In this June 25, 2024, file photo, Boeing 737 MAX aircraft are assembled at the Boeing Renton Factory in Renton, Washington. — Jennifer Buchanan/POOL via AFP via Getty Images, FILE (NEW YORK) — Tens of thousands of Boeing workers have voted to strike after rejecting the proposed contract from the embattled aerospace company — a […]

Stephen Brashear/Getty Images (SEATTLE) — Tens of thousands of Boeing workers are set to cast ballots in a vote Thursday that could potentially trigger a major strike against the embattled aerospace company with far-reaching implications for the U.S. economy. Boeing reached a tentative agreement earlier this week with the International Association of Machinists and Aerospace […]

Amazon (NEW YORK) — Amazon is expanding its grocery footprint, simplifying online shopping and launching a “new no-frills brand” to help consumers stretch their dollar, while taking aim at rival retail competitor Walmart. On Wednesday, the retail tech giant, which owns Whole Foods as well as its own grocery service Amazon Fresh, announced expanded Prime […]

Arian Simone (L) presents the Fearless Strivers New Orleans Grant onstage during the 2022 Essence Festival of Culture at the Ernest N. Morial Convention Center on July 1, 2022 in New Orleans. (Paras Griffin/Getty Images) (NEW YORK) — Fearless Fund, a venture capitalist firm that invests in female entrepreneurs of color, has settled a discrimination […]

Noel Hendrickson/Getty Images (NEW YORK) — Inflation is down significantly from its 9.1% pandemic-era peak in 2022, but the cost of food — especially groceries — may continue to puzzle some consumers at checkout lines as new data showed two major categories with slight price increases. Despite signs of overall inflation cooling compared to a […]

Win McNamee/Getty Images (NEW YORK) — Shares in former President Donald Trump’s social media company fell to a record low Wednesday on the heels of Tuesday’s presidential debate, which a CNN poll indicated was won by Vice President Kamala Harris. Shares of Trump Media & Technology Group, the parent company of Truth Social, closed down […]

Win McNamee/Getty Images (NEW YORK) — Shares in former President Donald Trump’s social media company fell more than 12% Wednesday morning on the heels of Tuesday’s presidential debate, which a CNN poll indicated was won by Vice President Kamala Harris. Shares of Trump Media & Technology Group, the parent company of Truth Social, were trading […]