Business

1005 articles published

Social Security Announces 3.6% COLA Increase for 2027

Nearly 72 million Social Security beneficiaries will receive higher payments starting in January, with the average retired worker gaining $75 per month as inflation continues to strain household budgets.

Oct 14, 2026

US Inflation Climbs to 3.7% as Energy Prices Surge in September

Consumer prices rose 0.6% in September, driven by sharply higher gasoline costs linked to the Iran conflict. The inflation report adds pressure on the Federal Reserve and puts affordability in focus ahead of the November midterm elections.

Oct 14, 2026

Bank of America Fined $1.21 Billion for Money Laundering and Sanctions Violations

Federal regulators say the bank failed to report more than $5 billion in suspicious transactions and maintained inadequate financial crime safeguards despite earlier warnings.

Oct 13, 2026

FBI Arrests OpenAI Engineer Accused of Planting Hidden Recording Device

Federal prosecutors say a Saudi national secretly installed surveillance equipment in an executive conference room at OpenAI's San Francisco office and used AI tools to research recording technology.

Oct 13, 2026

Harvey Nichols to Close Birmingham Store as Frasers Group Reshapes Luxury Chain

The historic British retailer will close its Birmingham location in January 2027 and convert stores in Leeds and Bristol to Flannels as its new owner attempts to restore profitability.

Oct 12, 2026

UK Charities and Businesses Struggle as Diesel Prices Soar

Record diesel prices exceeding £2 per litre are putting pressure on transport companies, charities and farmers, while the government maintains that Britain's fuel supplies remain secure.

Oct 11, 2026

UAW Seeks to Rebuild Political Influence in Michigan as Shawn Fain Wins Reelection

The United Auto Workers is expanding voter outreach ahead of November's midterm elections while its president secures another term amid internal divisions and federal oversight.

Oct 10, 2026

Microsoft CEO Satya Nadella Calls for Stronger Human Control Over AI

Microsoft CEO Satya Nadella urges companies to build AI systems with emergency shutdown controls, independent safeguards and greater transparency as concerns grow over autonomous technology.

Oct 10, 2026

Trump Announces Deal With Putin to Release Russian Diesel

Trump says Russia will release up to 4.8 million tons of diesel fuel to U.S. and global markets. The agreement temporarily eases American sanctions and draws criticism from Ukraine amid rising fuel prices.

Oct 9, 2026

Judge Reviews Legal Challenge to Trump’s White House Media Ban

CNN, MS NOW and Politico are asking a federal judge to extend protections against President Trump's removal of their White House press credentials. A ruling is expected next week.

Oct 9, 2026

SpaceX Plans to Buy 800 MHz Spectrum from Grain Management

SpaceX has agreed to acquire Grain Management's nationwide 800 MHz spectrum portfolio in a deal reportedly worth $8 billion.

Oct 9, 2026

Starbucks Explores Possible Chipotle Takeover in Major Restaurant Deal

Starbucks has reportedly consulted advisers about acquiring Chipotle Mexican Grill, potentially reuniting CEO Brian Niccol with his former company. No formal offer or agreement has been confirmed.

Oct 8, 2026