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Browsing: Business

Business

Energy titan Harold Hamm praises Trump’s move to refill oil reserve, warns of ‘price shock’ if US stalls

An American business magnate in the oil and gas industry is praising the Trump administration’s latest move to strengthen U.S. energy independence and...

Business

Over 140,000 bottles of popular cholesterol drug recalled

Federal health officials are advising consumers that more than 140,000 bottles of cholesterol medication are being recalled due to "failed dissolution...

Business

Social Security COLA for 2026 revealed following shutdown-related delay

The annual inflation adjustment for Social Security benefits was released on Friday and beneficiaries are set to see larger benefits in 2026.Social Se...

Business

Inflation remained well above the Fed's target in September ahead of rate cut decision

Inflation stayed elevated in September and remained well above the Federal Reserve's target rate as policymakers prepare to meet next week to decide o...

Business

Here's a look at the most notorious insider trading scandals that rocked Wall Street and beyond

The recent arrests of NBA figures Chauncey Billups and Terry Rozier in connection with federal gambling probes have garnered national attention, but f...

Business

Israeli restaurant chain in DC hit by Gaza protests permanently closes

Shouk, a plant-based kosher street-food chain in Washington, D.C., permanently shut down its final locations this month in part due to protests and bo...

Business

Florida's aging waterfront condos become gold mines as owners cash in on developer buyouts

Along South Florida's sunny shorelines, aging waterfront buildings are turning into redevelopment jackpots as condominium owners increasingly choose c...

Business

Alaska Airlines restores operations after widespread technology issue grounded flights nationwide

Alaska Airlines resumed operations nationwide late Thursday night after a "significant IT outage" caused the airline to ground all flights for hours.I...

Business

Meta cuts 600 jobs amid AI expansion push — as automation replaces human staff

Meta is cutting around 600 jobs within its artificial intelligence unit, a move it says aims to boost efficiency.The layoffs to Meta's Superintelligen...

Business

Trump ends Canada trade talks over 'FAKE' Ronald Reagan tariff ad: 'Egregious'

President Donald Trump announced Thursday that trade negotiations with Canada have been terminated over an advertisement featuring former President Ro...

Business

Palantir CEO says company is in an AI 'arms race' after deal with Lumen

Palantir CEO Alex Karp said his company is in an artificial intelligence arms race with its competitors, after reaching a deal with Lumen Technologies...

Business

Alaska Airlines grounds all flights across US airports due to widespread technology issue

Alaska Airlines has grounded all its flights across U.S. airports on Thursday evening because of an unspecified technology-related issue, the company...