Business

Americans have a record amount of credit card debt, but rising debt can actually boost economic growth, at least for a little while.

Is higher credit card debt actually good for the economy?

Dogecoin's record high and the S&P 500's notable gains signify a shift from traditional finance, amid rising finance bubble concerns.

Dogecoin peaks, crypto surges as concerns over market bubble grow

Drivers in New York City will soon face a $15 toll to enter the heart of Manhattan, marking the first such congestion pricing toll in the United States aimed at reducing traffic and pollution. The Metropolitan Transportation Authority board approved the congestion pricing plan, set to start in June. The plan, largely unchanged from earlier proposals, will not include exemptions for various commuter groups despite their requests.

$15 traffic toll in Manhattan is approved, a first in US

Former FTX CEO Sam Bankman-Fried is scheduled for sentencing Thursday, March 28, following his November conviction by a federal jury on wire fraud and conspiracy charges. The jury found Bankman-Fried guilty of misappropriating $8 billion from FTX depositors’ funds for lavish expenditures, including Caribbean properties and private jets.

Former FTX CEO Sam Bankman-Fried to be sentenced

Two bodies are recovered in Baltimore's bridge collapse as crews continue a difficult search for four remaining victims. And, drivers are about to pay 15 bucks one-way every day just to enter this U.S. city.

Two victims recovered after Baltimore bridge collapse

Walmart is investing in 26 solar projects across the U.S., saying they will bring millions of dollars in savings to local communities.

Walmart invests in solar, aims to power 2 million homes by 2035

Disney and the board, appointed by Gov. Ron DeSantis, reached the settlement on Wednesday, March 27, ending a yearslong legal dispute.

Disney and DeSantis-appointed board reach settlement after yearslong dispute

Meta's Oversight Board recommended lifting the ban on the Arabic word "shaheed," arguing that its censorship restricts free speech.

Meta’s Oversight Board rules ban on Islamic term harms free speech

The judge overseeing a criminal case against former President Donald Trump in New York has placed a gag order on Trump, limiting public comments about individuals connected to the case. This move comes after Manhattan District Attorney Alvin Bragg requested the restriction, citing Trump’s “threatening, inflammatory, denigrating” remarks.

Judge issues gag order on Trump in New York hush money case

Six people are presumed dead after the major bridge collapse in Baltimore, and former RNC Chair Ronna McDaniel is out at NBC News just days after joining the network.

6 workers presumed dead in Baltimore bridge collapse

Just days after she was hired, former RNC chairperson Ronna McDaniel is out at NBC News, according to Puck News.

Report: Days after hire, Ronna McDaniel forced out at NBC News

As Easter approaches, cocoa prices surge due to severe heat, drought and diseases in major producing regions.

Cocoa crisis: Soaring chocolate costs; global heatwaves, disease

Homeland Security agents raided multiple homes owned by hip-hop mogul Sean ‘Diddy’ Combs on Monday, March 25. Several news outlets have reported that the searches are part of a sex-trafficking investigation.

Homeland Security raids homes of Sean ‘Diddy’ Combs

Florida Gov. Ron DeSantis signed a bill on Monday that sets age limits for social media use in the state. Under the new law, children under 14 are prohibited from creating social media accounts, and those aged 14 and 15 will need parental consent to join platforms.

Florida Gov. DeSantis signs bill restricting social media for kids

A major bridge collapses in Baltimore after being struck by a ship -- sending multiple people into the water. And, Homeland Security raids the homes of hip-hop mogul Sean 'Diddy' Combs as part of an ongoing investigation. These stories and more highlight The Morning Rundown for Tuesday, March 26, 2024.

Major bridge collapses in Baltimore after ship collision; search and rescue underway

Boeing is at a crucial turning point with significant leadership changes and scrutiny over its safety and manufacturing practices.

Boeing braces for big shake-up: Leadership changes and safety checks

The U.S. responds to Vladimir Putin's claims after dozens are killed in a terrorist attack at a Russia concert hall, and—NBC News' Chuck Todd calls out his own network for a recent hiring during 'Meet the Press.'

Suspects in Russia concert hall attack appear in court

After its initial public offering on Thursday, March 21, Reddit is now under increased scrutiny to address misinformation on its platform. Analysts are advising the social media company to improve its content moderation to comply with the heightened regulatory standards of being a public entity.

Reddit faces serious misinformation scrutiny now that it’s a public company

A new survey has revealed that nearly half of U.S. parents are providing financial support to their adult children.

Survey reveals nearly half of US parents support adult kids financially

Tennessee Gov. Bill Lee signed the ELVIS Act, pioneering legislation to protect artists from AI impersonations.

Tennessee’s new ELVIS Act protects musicians from AI impersonations

The U.S. government has filed a lawsuit against The Campbell Soup Company, accusing the company of polluting a river that flows into Lake Erie. According to the Justice Department, Campbell has been violating pollution limits at its northwestern Ohio plant since 2018.

Department of Justice sues Campbell Soup for pollution in Ohio

U.S. Secretary of State Antony Blinken arrives in Israel amid growing tension between the two countries

Blinken arrives in Israel for tense talks on Gaza

The Justice Department announced Thursday that it has filed a significant antitrust lawsuit against Apple Inc., accusing the technology behemoth of illegal anti-competitive practices aimed at maintaining its smartphone market monopoly and inflating profits. According to the lawsuit, Apple is alleged to have manipulated application development rules and features of its iPhones — including iMessage and Apple Wallet — to suppress competition and elevate pricing.

Justice Department sues Apple, claims company holds iPhone monopoly

TikTok is putting in place new rules to limit the reach of state-affiliated media accounts that are attempting to exert influence abroad during a crucial election year.

Senate effort to pass TikTok bill likely to take until summer