Business News

(WASHINGTON) -- President Joe Biden on Tuesday signed a multibillion-dollar bill to boost domestic computer chip manufacturing and more, touting the bipartisan package as "a once-in-a-generation investment in America itself." The law -- known as the CHIPS and Science Act -- spends nearly $53 billion to spur research in and development of America's semiconductor industry. It is intended to address a nearly two-year global chip shortage that stemmed from supply […]

(LOS ANGELES) -- The parents of a 12-year-old California girl who died last year after an accident involving an electric bike, or e-bike, say they want to see change. Kaye and Jonathan Steinsapir, the parents of Molly Steinsapir, have filed a lawsuit against Rad Power Bikes, a Seattle-based e-bike company. According to the lawsuit, filed in Los Angeles Superior County Court, Molly and her 11-year-old best friend were riding a […]

(WASHINGTON) -- When Speaker of the House Nancy Pelosi arrived in Taiwan last week, the world braced for China's response. Within hours of her departure, China began military exercises around Taiwan, leaving the world wondering how far China is willing to take its response. Evidence suggests China will not stop at military drills. "The last time we [saw] a crisis like this was in 1996," Kai Hao Yang, assistant professor […]

(NEW YORK) -- Snapchat announced a new in-app family center on Tuesday, which is designed to start conversations between parents and minors about safer social media usage. In the new family center, parents will have the ability to see which Snapchat friends have sent their children messages, photos or videos within the last week. Parents will also have the option to report any suspicious or concerning accounts to Snapchat’s trust […]

Mattel (NEW YORK) -- Mattel has brought back one of its most iconic dolls: Barbie Totally Hair. Since initially debuting 30 years ago, the toymaker has released an updated version of the '90s doll. The original launch was available in blond or brunette hair colors and came with an accompanying styling gel. Barbie's new take on the doll includes four dolls with their own unique hairstyles, textures, fashion looks and […]

(NEW YORK) -- Wild swings in the share price of a largely unknown Hong Kong-based fintech company in recent days have reminded some analysts and traders of the "meme stock" craze, which grabbed headlines and stoked controversy early last year. On Tuesday, the stock price of online financial services company AMTD Digital was more than 21,000% above the price at its initial public offering last month. The price fell in […]

(NEW YORK) -- An average of 38 children die every year in hot cars. Tuesday marked the 14th hot car death in the U.S. this year, a number that is expected to rise as heat waves continue across the country. These tragic deaths are 100% preventable "if we can use a little tech to help," said Janette Fennell, the founder and president of Kids and Car Safety, a nonprofit dedicated to […]

Nabisco (NEW YORK) -- Pumpkin spice season is around the corner, which means a sweet lineup of new products. Oreo announced its newest flavor of pumpkin spice creme filled cookie sandwiches will hit shelves Aug. 15. The cookie brand also created a Twitter community for "pumpkin spice stans" from consumers to other brands to join and "celebrate all things pumpkin spice." — OREO Cookie (@Oreo) August 3, 2022 Copyright © […]

(WASHINGTON) -- The U.S. hiring saw a dramatic increase in July, as the economy added 528,000 jobs and the unemployment rate fell to 3.5%, according to data released by the Bureau of Labor Statistics on Friday. The report defied expectations of a hiring slowdown as the Federal Reserve carries out a fight against inflation that aims to slash demand by cooling the economy but risks tipping the country into a […]