Researchers have begun measuring the impact of legalized sports gambling on American households, and the initial results paint a worrisome picture about how its expansion has affected bettors’ finances. In separate papers released this month, academics have found that households in states where gambling was legalized saw significantly reduced savings, as…
Edgar Bronfman Jr.’s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Bronfman is open to having Redstone, currently non-executive chairman at Paramount, remain involved with the company if the Paramount special committee accepts his consortium’s bid for National Amusements,…
Consumers in the market for a home have been patiently waiting for the Federal Reserve to cut interest rates — a move it seems poised to make in September. But without action from Congress, there could be another change at the end of that month that makes it temporarily trickier to buy or sell…
Apple announced it will hold a press event at its headquarters in Cupertino, California, on Monday, Sept. 9, where the company is expected to announce new iPhones and Apple Watch models. The launch event will be streamed on Apple’s website and YouTube. Apple has launched products through pre-recorded videos since 2020.…
Lawmakers want to crack down on “junk fees,” but restaurants are trying to stay out of the fight. Surcharges or fees covering everything from credit card processing to gratuities to “inflation” have become more popular on restaurant checks in recent years. Last year, 15% of restaurant owners added surcharges or…
An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There’s been “modest growth” in the dinner sausage category for one producer, according to the Dallas Federal Reserve’s Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers…
At least 551 people were likely sickened by cucumbers tainted with Salmonella bacteria, the U.S. Centers for Disease Control and Prevention said — with 155 hospitalized. But in an update posted Thursday, the CDC declared the cucumber-linked outbreak of the Braenderup strain of Salmonella over. It said testing had sourced the…
A British safety adviser for the Reuters news agency was killed and two journalists injured when a Russian strike hit a hotel in Kramatorsk, eastern Ukraine, on Saturday night. Reuters had a six-person crew staying at the Hotel Sapphire as part of its team covering the war in Ukraine. A…
For nearly a month, people in Lebanon and Israel braced for a wider war. A deadly rocket strike from Lebanon last month on the town of Majdal Shams in the Israeli-occupied Golan Heights was followed by an Israeli retaliatory strike that killed Hezbollah’s top commander in southern Beirut. The powerful…
Wading through muddy floodwaters up to chest height, hundreds of people slowly make their way to safety, their belongings held high above their heads to keep them dry. Entering the city of Feni in southeast Bangladesh, it becomes clear why it is described as the epicenter of one of the…