Business

Chicago Federal Reserve President Austan Goolsbee said Tuesday the central bank will look at alternate data sources to consider at its October meeting if upcoming economic data is not released as scheduled due to a potential government shutdown.The government is slated to shut down at 12:01 a.m. ET on Wednesday if Congress fails to approve a funding extension. The House has passed a continuing resolution, but efforts have stalled in […]

Kansas City Chiefs star Travis Kelce is working hard to keep his team’s win streak going, but he’s also remaining a constant in his community with his third annual "Kelce Car Jam."Before the Chiefs defeated the Baltimore Ravens at home on Sunday, the Kelce Car Jam, sponsored by Raising Cane’s, was held on Friday night to benefit the future Hall of Famer’s 87 & Running Foundation. This highly anticipated event brings […]

Charlie Javice, the founder of the student loan startup Frank, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of millions by inflating user data.Prosecutors said Javice, 33, duped JPMorgan Chase into buying her company by exaggerating its student numbers, leading to her March conviction on bank, securities, and wire fraud, as well as conspiracy charges.U.S. District Judge Alvin Hellerstein in Manhattan federal court […]

A partial shutdown of the federal government may begin at midnight barring action by Congress on a spending bill to fund operations which could spark concern over the economic impact, although it's unlikely to have a significant impact based on past shutdowns.The government is funded until 11:59:59 p.m. Eastern Time on Tuesday night, when current funding that runs through the end of fiscal year 2025 ends – creating the potential for […]

Some baseball fans hoping to head to Yankee Stadium for the New York Yankees-Boston Red Sox American League Wild Card Series were hit with a roadblock.It is no secret that the Yankees faithful are a different animal, and that holds even more true in the postseason.The Bronx Bombers host their longtime AL East rival, the Red Sox, for the wild-card series that begins Tuesday, but if you're not in the […]

New York's status as the U.S. economy's leading financial hub could be slipping as a leading figure in the city's business community is sounding the alarm.Kathryn Wylde, president and CEO of the Partnership for New York City, which advocates for the city and the financial industry, said in an appearance on WABC 770 AM's the "Cats Roundtable" on Sunday that the shift is a "scary" development and raises questions about the […]

Oil giant Exxon Mobil is preparing to cut thousands of jobs worldwide in a corporate reshuffling.A spokesperson for Exxon confirmed to Barron’s on Tuesday that the company plans to cut 2,000 jobs, representing 3% to 4% of the energy company’s global workforce.The news was first reported by Bloomberg, which said Exxon sent a memo to employees noting the company is consolidating smaller offices into regional hubs as part of a […]

American Eagle Outfitters CEO Jay Schottenstein said in an interview published Monday that the company stands behind its Sydney Sweeney jeans ad campaign, which sparked controversy with some liberal commentators. "You can’t run from fear," Schottenstein told The Wall Street Journal. "We stand behind what we did."He said that he told executives at the company to remain calm and not comment on the campaign, which prompted some backlash on the left. […]

President Donald Trump has won a $24.5 million settlement from YouTube over the platform’s suspension of his account following the Jan. 6, 2021, Capitol riots.The Alphabet-owned company is the last of the three major social media platforms sued by Trump, alongside Meta and Twitter, now called X, to resolve claims tied to his removal.According to a court filing obtained by Fox News Digital, $22 million of the settlement will be […]