Business

Twitter on Wednesday suspended an account that used publicly available flight data to track Elon Musk’s private jet, despite a pledge from the social media platform’s new owner to keep it up because of its principles of free speech. Then, hours later, Musk brought back the jet-tracking account after imposing new conditions on all Twitter users — no more sharing…

Americans slashed their retail spending last month as the holiday shopping season kicked off with high prices and rising interest rates forcing families, especially low-income households, to make tougher decisions about what to buy. Retail sales fell 0.6% in October-November after rising sharply by 1.3% in the previous month, the government said on Thursday. Sales declined at furniture, electronics, and…

Elon Musk has banned tracker ElonJet and its founder from Twitter. Now he says he’s also taking legal action against Jack Sweeney, the app’s creator and a 19-year-old freshman at the University of Central Florida, for allegedly causing harm to his family. Musk announced his intentions Wednesday night in another announcement that the platform had permanently suspended the @ElonJet account,…

US factory production fell for the first time since June, underscoring weaker conditions in the sector amid slowing global demand and higher borrowing costs. Factory production fell 0.6% last month, followed by an upwardly revised 0.3% rise in October, according to Federal Reserve data released on Thursday. The number missed all estimates in a Bloomberg poll of economists. Including mining…

This month, the Federal Trade Commission (FTC) and Meta are fighting in federal court over the Commission’s recent lawsuit against Meta. The lawsuit alleges that Meta’s purchase of small virtual reality fitness app Within Unlimited would prevent future competition in the VR fitness space. Given the time and resources the commission is investing in the case, one would expect Meta…

Scientists have warned that the omicron subvariants that are causing COVID cases among Americans appear to elude the immune system and medical treatment of the virus. In a new study published in the scientific journal cellColumbia University and University of Michigan researchers warned that Omicron subvariants BQ.1, BQ.1.1, XBB, and XBB.1 are “the most resilient.” [COVID] variants to this day.”…

Two economic recessions, a pandemic, and a crippling student loan crisis can definitely derail your wealth-building journey. And for millennials, this is certainly the case. With the younger half of this generation just starting out in the workforce and the older half entering their prime earning years, here’s a look at how this group has grown and stayed affluent. Average…

Your credit report plays an important role in helping you achieve all of your financial goals. Lenders rely on it to give them insight into your financial history and determine if they want to approve you for new loans, credit cards, and more. Because of this, it is important to protect your creditworthiness and the information in your report. One…

The national survey by Effective School Solutions, an organization that implements mental health care in schools, released Wednesday, found the country’s school administrators, parents and students continue to grapple with an adolescent mental health crisis. Almost all (90%) administrators and almost 60% of parents reported that the crisis is increasing. About 60% of administrative officials say that the mental health…

A year after Goldman Sachs paid out the biggest bonuses on Wall Street, the investment banking giant is considering a roughly 40% cut in bonuses for bankers — the biggest cut in payouts since the 2008 financial crisis. The bonus cuts for the bank’s 3,000 investment bankers – first reported by Semafor and further detailed by the financial times –…