Business

Pirro closes investigation into Federal Reserve over building project

U.S. Attorney for the District of Columbia Jeanine Pirro announced Friday that she directed her office to close its investigation into the Federal Reserve over a building project. “This morning the Inspector General for the Federal Reserve has been asked to scrutinize the building costs overruns – in the billions…

Your summer BBQ is about to cost more – here’s the surprising reason why

As Americans head into barbecue season, rising energy prices linked to Middle East tensions are driving up the cost of propane. When energy prices rise, the added costs ripple through the food system and into everyday purchases, from meat counters to backyard grills.”The impact of ongoing challenges in the Middle…

American Airlines CEO says merger with United would be ‘bad for customers’

American Airlines CEO Robert Isom rejected the idea of a United Airlines merger, telling investors on Thursday’s first-quarter earnings call that it would be bad for all parties. “The idea of the two largest airlines in the world getting together, that is something that we’ve viewed as being anti-competitive and obviously…

Oscar De La Hoya joins the battle on Capitol Hill to reinvent boxing

Boxing’s future as both a sport and a business was front and center on Capitol Hill this week, where lawmakers and industry leaders discussed whether a fragmented system that has governed the sport for decades can still compete in today’s media landscape. At issue is a proposed overhaul that would…

Nike announces roughly 1,400 layoffs in latest round of cuts

Roughly 1,400 people across Nike’s Global Operations team will be laid off, the company announced Thursday. In a memo to employees, Chief Operating Officer Venkatesh Alagirisamy said the cuts will primarily affect Nike’s technology division and span North America, Asia and Europe, representing just under 2% of the company’s global…

Harley-Davidson issues recall for nearly 17,000 motorcycles over brake failure issue

Harley-Davidson is recalling nearly 17,000 motorcycles over a potential brake failure issue that could heighten the risk of a crash, according to federal regulators. The recalled motorcycles include 2025 and 2026 models.Affected motorcycles include the Harley-Davidson FXLRS with a production date from Dec. 5, 2024, to March 16, 2026; Harley-Davidson…

Costco issues urgent recall on popular product linked to burn injuries

Heated socks sold at Costco have been recalled after customers reported burn injuries, according to the Consumer Product Safety Commission (CPSC). The 32 Degrees Heated Socks were sold in medium, large and extra large. The CPSC report said when the socks are worn during “high intensity activities” they pose a…