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Business

Bessent teases 'big announcements' as Trump Accounts reach 500,000 signups

Treasury Secretary Scott Bessent said "big announcements" are coming ahead of Wednesday’s White House summit on the "Trump Accounts."The program would...

Business

Fed holds interest rates steady, pausing rate cuts amid economic uncertainty

The Federal Reserve on Wednesday announced it will leave interest rates unchanged, breaking a streak of three straight rate cuts amid uncertainty over...

Business

One of America’s largest unions backs massive California wealth tax as billionaires bolt

One of America’s largest unions has made a public declaration regarding California’s hotly-debated billionaire wealth tax.Teamsters California and its...

Business

Starbucks’ turnaround plan shows promise in US as sales growth returns for first time in 2 years

Demand is rebounding at Starbucks, signaling that CEO Brian ​Niccol's turnaround efforts are working. The company said on Wednesday that sales at Nort...

Business

New study shows cities where cost of living is rising fastest

New York City tops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to a new anal...

Business

UPS retires entire fleet of planes involved in deadly Louisville crash

United Postal Service CEO Carol Tome said Tuesday that the company is officially retiring its fleet of McDonnell Douglas MD-11 cargo planes after one...

Business

Economist warns coming financial crisis will make 2008 look like 'Sunday school picnic'

As gold prices keep rising, American economist Peter Schiff says investors should view the rally as more than a hedge — calling it a warning that infl...

Business

Artists transform Super Bowl LX uniforms into hand-painted masterpieces for Fanatics Fine Art launch

As Fanatics continues to navigate the intersection where sports meet culture, a new initiative by the digital sports giant brings a fine twist to Supe...

Business

Walmart CEO Doug McMillon retiring as retailer gains more wealthy shoppers amid inflation

A major leadership transition is underway at Walmart, with CEO Doug McMillon set to retire on Jan. 31, 2026, after more than 40 years at the company....

Business

Spotify now represents one-third of the music industry's total recorded revenue in 2025

Spotify announced Wednesday that the company now accounts for roughly one-third of the music industry’s recorded music revenue, further cementing its...

Business

US-South Korea trade tensions flare over treatment of American tech firms including Coupang

A growing dispute between Washington and Seoul over the treatment of American technology companies has escalated into a broader trade confrontation. A...

Business

Bank of America to match $1,000 government deposits for Trump accounts

Bank of America announced Wednesday that it will be contributing funds to the proposed "Trump accounts" for eligible employees.The bank said it will m...