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Biden administration to lower costs for 64 drugs through inflation penalties on drugmakers
The Biden administration on Wednesday said it will impose inflation penalties on 64 prescription drugs for the third quarter of this year, lowering...
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Amazon plans to launch discount store in bid to fend off Temu and Shein
Amazon plans to launch a new section on its site dedicated to low-priced fashion and lifestyle items that will allow Chinese...
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Inflation vs. wages: How rising prices stack up against growing pay
It’s a key question on voters’ minds heading into Thursday night’s presidential debate: How far does my dollar go in...
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Amazon reaches $2 trillion market cap for the first time
Amazon shares climbed more than 3% in intraday trading on Wednesday, pushing the company’s market cap past $2 trillion for the...
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The ‘funflation’ effect: Why Americans are spending on travel and entertainment
Even while carrying $1.13 trillion in credit card debt, many Americans are still willing to splurge on travel and entertainment. But this summer...
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Rivian secures up to $5 billion from Volkswagen; shares soar 40%
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion. The...
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Treasury Secretary Yellen announces $100M affordable housing fund as shelter costs weigh on Biden
Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for...
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21 million Miniverse toy sets recalled after reports of burns and respiratory irritation
More than 21 million Miniverse “Make It Mini” sets by California toymaker MGA Entertainment are being recalled because of potentially...
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