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Ohio State University granted trademark for the word ‘THE’ on merchandise

(COLUMBUS, Ohio) -- Ohio State University was granted a trademark to use the word "THE" on apparel and merchandise to promote its athletic teams. The U.S. Patent and Trademark Office had previously rejected Ohio State's application, claiming the trademark appeared to be for a "merely ...
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Biden calls on Congress, states to suspend gas taxes

(WASHINGTON) -- President Biden on Wednesday called on Congress to suspend the federal gas tax for three months and asked states to suspend their own gas taxes or provide commensurate relief to consumers. The federal government charges an 18.4-cent tax per gallon of gasoline and ...
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What is a gas tax holiday? The federal proposal could offer short-term relief for drivers

(NEW YORK) -- For months, sky-high gas prices have bedeviled Americans. The nationwide average price for a gallon of gas stands just under an eye-popping $5 per gallon, AAA data shows. But a significant policy change may soon offer drivers some relief. President Joe Biden ...
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Biden to call on Congress, states to suspend gas taxes

(WASHINGTON) -- President Biden will on Wednesday call on Congress to suspend the federal gas tax for three months and ask states to suspend their own gas taxes or provide commensurate relief to consumers, according to the White House. The federal government charges an 18.4-cent ...
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Kellogg announces split into three separate companies

(NEW YORK) -- Kellogg has announced that it will separate into three different companies to create “greater strategic, operational, and financial focus” for each of the new firms that will be named at a later date. Under the plans announced on Tuesday, Kellogg will separate ...
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Can higher interest rates be good?

(WASHINGTON) -- The Federal Reserve's strongest weapon in its fight against skyrocketing inflation is raising interest rates. In March, the Fed raised its target federal funds rate by 0.25%, the first rate hike in more than three years. At its May meeting, the central bank ...
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Juneteenth and its implications for the economy and generational wealth

(NEW YORK) -- While June 19, 1865, is widely regarded as a day of liberation, its celebration for some simultaneously brings into question just how far that freedom goes. For real estate entrepreneur Jude Bernard, Juneteenth is a reminder of generational wealth deprived. "The whole story behind ...
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What the interest rate hike means for homebuyers

(NEW YORK) -- A difficult year for many homebuyers became even tougher when the Federal Reserve dramatically raised borrowing costs this week in an effort to tame sky-high inflation, experts told ABC News. For months, homebuyers have faced the dual challenges of skyrocketing mortgage rates ...
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Revlon has filed for bankruptcy after 90 years in business

(NEW YORK) -- Revlon has officially filed for bankruptcy. The 90-year-old cosmetics giant announced on Thursday that the company voluntarily petitioned for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York. Like many other companies, the company has been ...
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How to prepare for a possible recession

(NEW YORK) -- A number of forces are putting pressure on the economy right now and that has Wall Street betting on a recession sometime in the next 12 to 18 months. Consumer prices are at a 40-year high, the ongoing global health crisis continues ...
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What interest rate hikes mean for you and the economy

(NEW YORK) -- The Federal Reserve on Wednesday dramatically escalated its fight to dial back historic inflation, raising its benchmark interest rate by 0.75%, the largest rate hike since 1994. The move offers hope that sky-high prices for essentials like fuel and groceries will ...
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Why lowering gas prices isn’t that simple

(NEW YORK) -- The pain at the pump is getting worse and has motorists asking, is there any relief in sight? The average nationwide price of a gallon of gas surpassed an all-time high of $5 last week, according to GasBuddy. In California, the state ...
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