Business

346 articles published

Tax Refunds Surge 17% as New Tip and Overtime Exemptions Hit Household Budgets

Retail sales reached $757 billion in April 2026, with disposable income per capita rising to $68,359, as the new tax provisions show up in consumer spending data.

Jun 6, 2026

U.S. Oil Reserves Drop Near Operational Limit as Middle East Conflict Drags On

Inventory at the Cushing, Oklahoma hub fell to 22.4 million barrels by the end of May, just above the 20 million threshold that industry watchers flag as a critical level.

Jun 6, 2026

SpaceX IPO Expected Next Week as Analysts Question Trillion-Dollar Valuation

Cathie Wood's ARK ETFs are seen as likely early buyers of SpaceX stock once it begins trading publicly.

Jun 6, 2026

Amazon Unveils Warehouse Robot That Responds to Plain Language Commands

The next-generation Proteus robot is set to roll out across European fulfillment centers in the first half of 2027, as Amazon continues cutting thousands of corporate jobs.

Jun 5, 2026

Bitcoin Falls 50 Percent From Peak as Weekly Losses Mount

The cryptocurrency dropped to $62,500 Friday, sitting just above the psychologically important $60,000 threshold.

Jun 5, 2026

May Jobs Report Blows Past Forecasts With 172,000 New Positions

Leisure and hospitality led all sectors, adding 70,000 jobs as unemployment held steady at 4.3%.

Jun 5, 2026

Dylan Larkin Requests Trade From Detroit Red Wings After Playoff Drought

The 29-year-old captain, who holds a full no-trade clause, has asked for a deal citing repeated playoff misses and friction with GM Steve Yzerman.

Jun 4, 2026

South Korea Kospi Stock Rally Shows Signs of Strain After 105% Gain

Bloomberg reports that breadth concerns are emerging in South Korea's $4.9 trillion stock market after a world-beating run.

Jun 4, 2026

AI Data Centers Now Rank Among World's Five Largest Energy Consumers

Exelon CEO says the utility industry plans to invest $1.1 trillion in grid infrastructure over the next five years to meet surging AI power demand.

Jun 4, 2026

Pennsylvania Amusement Park Approaching 100 Years Without Charging Admission

Knoebels Amusement Resort in Elysburg opened July 4, 1926, and owner Brian Knoebel says the free-entry model is central to the park's identity.

Jun 4, 2026

Bitcoin Falls to $62,600 as ETFs Post 11 Consecutive Days of Outflows

Prominent crypto investor Arthur Hayes disclosed he sold his entire positions in HYPE and NEAR tokens, saying he believes the market top is near.

Jun 4, 2026

Apple App Store Reached 1.4 Trillion Dollars in Sales During 2025

A study commissioned by Apple found China accounted for the largest share of sales at $562 billion, ahead of the United States at $453 billion.

Jun 4, 2026