Business

940 articles published

Four People Charged in $3 Billion Medicare Fraud Tied to Russian Criminal Network

Prosecutors in New Hampshire say the scheme used stolen identities to bill Medicare for durable medical equipment that patients never received.

Jun 25, 2026

Social Security Trust Fund Faces Depletion by Late 2032, Lawmakers Push Tax Cap Fix

A new trustees report projects the retirement fund could run short several months sooner than previously estimated, leaving only 78% of benefits payable.

Jun 25, 2026

Fanatics Sportsbook Launches Program to Ban Bettors Who Threaten Athletes

The Bad Actor Program, set to begin at the start of college football season in late August, will restrict wagering by users found to have made threats on social media.

Jun 25, 2026

ON Semiconductor Buys Synaptics in $7 Billion All-Stock Deal

The acquisition is ON Semi's largest to date and is expected to add $30 billion to its total addressable market by 2030.

Jun 25, 2026

UK Car Production Rose 3.2 Percent in May After Four Months of Decline

Exports to the United States jumped 83.1% following the US-UK trade deal that took effect in June 2025.

Jun 25, 2026

JPMorgan Names Two Co-Presidents as Marianne Lake Retires

Doug Petno and Troy Rohrbaugh each received $30 million restricted stock bonuses as part of the leadership restructuring effective immediately.

Jun 25, 2026

Federal Reserve Inflation Gauge Hits Highest Level Since 2023

The core PCE price index rose 3.4% annually in May, with energy costs tied to the Iran war driving the broadest price increase in years.

Jun 25, 2026

DNA Testing Identifies Utah Desert Remains Found 28 Years Ago with a Psychic's Help

Pedro Calderon Marioni, 31, had likely been dead for two years when his partially skeletonized remains were found in 1998 in the Glen Canyon National Recreation Area.

Jun 24, 2026

Manhattan Congressional Primary Becomes Second Most Expensive House Race Ever Over AI Regulation

Ad spending reached $26.3 million in New York's 12th District, with Silicon Valley tech figures and AI safety groups pouring money into opposing candidates.

Jun 24, 2026

South Korea IPO Market Crashes as Chaebol Structure Blocks New Listings

Only 15 companies listed in the first half of 2026, raising around $700 million, compared to an annual average of 80 listings and $8 billion between 2020 and 2025.

Jun 24, 2026

Micron Revenue Quadruples as AI Memory Demand Sends Stock Up 15 Percent

The memory chip maker reported $41.46 billion in revenue for its fiscal third quarter, far exceeding analyst estimates of $35.84 billion.

Jun 24, 2026

U.S. Current-Account Deficit Widens to $226.8 Billion in First Quarter 2026

The gap between what Americans earn from abroad and what they pay to foreign residents grew 2.6% from the fourth quarter of 2025, reaching 2.9% of GDP.

Jun 24, 2026