In the wake of devastating wildfires in the Pacific Palisades and Pasadena/Altadena areas, Los Angeles renters are encountering instances of illegal price gouging. Despite California’s strict laws prohibiting such practices during emergencies, some landlords have significantly raised rental prices, exploiting displaced residents.
Macy’s has announced plans to close 66 underperforming stores this year as part of its Bold New Chapter strategy, which includes closing about 150 underproductive locations over a three-year period.
Layla Law-Gisiko, a prominent supporter of New York City’s newly implemented congestion pricing policy, became the latest victim of subway violence on Saturday. Law-Gisiko, a Democrat and president of the City Club of New York, was attacked at the 23rd Street and 5th Avenue subway station, an incident that highlights ongoing concerns about public safety in the transit system.
A leaked list of New Year’s Eve arrests in Berlin has reignited debate over crime and immigration in Germany. Official police statements claimed most suspects were adult German nationals, but the leaked list suggests many individuals had names commonly associated with migrant backgrounds.
U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.
Robert F. Kennedy Jr., President-elect Donald Trump’s nominee for Secretary of Health and Human Services (HHS), is meeting with Senate Democrats on key health committees to discuss his nomination
The FDA is advancing a controversial regulation to lower nicotine levels in cigarettes, drawing criticism for potential unintended consequences, including fueling black market activity.
American credit card defaults have surged to the highest levels since the aftermath of the 2008 financial crisis, as consumers continue to grapple with years of high inflation. In the first three quarters of 2024, credit card lenders wrote off $46 billion in delinquent loan balances, marking a 50 percent increase from the same period last year. These write-offs, considered a highly monitored measure of loan distress, are the highest since 2010, according to industry data gathered by BankRegData.