Fed holds interest rates steady, projects just one cut this year

The Federal Reserve on Wednesday held interest rates steady for the seventh straight time and scaled back the outlook for rate reductions later this year as high inflation lingers.

Here's who's hiring teens this summer –  and which jobs pay the most

Young workers account for about a third of all new hires each June. Here's which jobs hire the most teens – and which ones pay the most.

Blaze Pizza relocating California headquarters

LeBron James-backed chain Blaze Pizza is relocating its Pasadena headquarters to Atlanta two months after the state increased the minimum wage for fast food workers to $20 back in April.

Dollar Tree buys 99 Cents Only stores out of bankruptcy

Dollar Tree has acquired rights for 170 leases of 99 Cents Only stores in California, Nevada, Texas, and Arizona.

Walmart laying off hundreds of employees, relocating many remote workers

Walmart is laying off hundreds of employees at its campus offices, as well as relocating many remote employees. Here’s what to know.

Red Lobster reportedly closing dozens of US restaurants: See the closure list

Red Lobster has closed at least 48 locations across the U.S. as the seafood restaurant chain faces financial trouble, according to a restaurant liquidator who is holding an online auction.

What is ‘ghost debt’? Buy now, pay later plans more popular than ever

A new form of debt looping a lot of Americans is being referred to as “ghost debt” or “phantom debt” – stemming from the popular buy now, pay later apps.

Reports: McDonald's planning $5 meal deal to win back customers

McDonald's is reportedly introducing a $5 meal deal in an effort to attract customers deterred by recent price increases.

More Americans to qualify for Social Security under new SNAP rule

The Social Security Administration has expanded the definition of a public assistance household to include SNAP recipients, broadening eligibility and potentially increasing benefits for more Americans.

Tesla employee laid off without warning tells of living in car at factory

Nico Murillo is the proud owner of a Tesla Model Y, mainly because he’s part of the team that built these cars at the factory in Fremont. But on April 15, his dream job would sound more like a nightmare: The 29-year-old is just one of the roughly 14,000 Tesla employees to be laid off since April.

Bud Light sales still suffering in US a year after controversy

Anheuser-Busch InBev's Bud Light brand has still not recovered in the U.S. more than a year since the beverage giant's controversial partnership with transgender influencer Dylan Mulvaney sparked a boycott of the beer.

Newsom talks California tourism numbers from top of Golden Gate Bridge

California remains the 5th largest economy in the world for the seventh consecutive year, and California’s per capita GDP is the second largest among large economies.

Interest rates not changing until inflation cools, Federal Reserve says

The Federal Reserve announced its decision to maintain its key interest rate at a two-decade high of roughly 5.3% amid ongoing concerns about high inflation.