U.S. households are now spending the equivalent of $5,000 a year on gasoline, up from $2,800 a year ago, according to Yardeni Research. In March, the annual rate of gasoline spending was at $3,800, Yardeni…
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Report: Twitter to Add Warning Label to Tweets…
Twitter announced the roll-out of a "crisis misinformation policy" which will seek to suppress posts the company deems "viral misinformation." The social media platform announced the policy Thursday with an official blog post. The feature would…
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JPMorgan Predicts How Much Gas Will Cost This…
The average national retail price for a gallon of regular gasoline is projected to surpass $6 by the of summer, according to a recent JPMorgan research note. On Wednesday, the national average hit another record, reaching…
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Blue State Gender Equity Law Struck Down in…
A California judge has ruled that the state's 2018 law mandating that companies name at least one person who self-identifies as a woman to a seat on the corporate board violates the state constitution's equal protection…
Tomás Del Coro from Las Vegas, Nevada, USA, CC BY-SA 2.0, via Wikimedia Commons
JetBlue to Launch Hostile Takeover Attempt for Spirit…
JetBlue Airways Corp. plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc., according to people familiar with the matter, after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing…
Texas Gov. Looks Here to Save Baby Formula…
The nation's largest baby formula manufacturer has provided an update on the measures it's taking to help ease the formula shortages in the U.S. amid the ongoing shutdown of one of its major plants. Abbott Nutrition…
This is Where Americans Are Cutting Spending Due…
Inflation rates keep climbing which is causing Americans to cut back on their spending. “The pace of price increases moderated, but not as much as expected,” said Greg McBride, chief financial analyst at Bankrate, in…
Former White House Economist: This is Why Inflation…
Former Chairman of the council of economic advisers Kevin Hassett argued on Wednesday, shortly after the release of April's inflation data, that the Federal Reserve’s policies to try to alleviate soaring prices are not "having any effect at…
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Ford to Fine Dealers $25,000 for Selling F-150…
Ford is hoping its dealers sell a lot of the electric F-150 Lightning pickups that are on the way to their showrooms now, but not all of them. The automaker has set up a special program that gives…
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Uber CEO Announces New Strategy to Cut Costs
Uber will cut back on spending and focus on becoming a leaner business to address a “seismic shift” in investor sentiment, CEO Dara Khosrowshahi told employees in an email obtained by CNBC. “After earnings, I spent several days…