Finance
JetBlue hikes bag fees again as fuel costs pressure airlines
JetBlue is increasing checked-bag fees again, with first-bag costs rising to $50-$55 for advance payment. The airline ci
Finance
Markets Rally as Democrats Sweep Congress, Fueling Divided-Government Bets
Stock futures jumped after Democrats swept the midterms, with investors betting on divided government. But AI crackdown
Finance
Trump: US probing $6.3B Binance hack, unsure on North Korea link
Trump said the US is looking into the record $6.3B Binance hack but wouldn't attribute it to North Korea. Blockchain ana
Finance
Nvidia's Shadow Banking Role Deepens AI Financial Risks
Nvidia's monopolistic control over AI chips and its growing role as an unregulated financier are inflating an AI bubble
Finance
Nvidia's Unchecked Financial Power Fuels AI Bubble Risks
Nvidia's near-total monopoly over AI chips and its role as an unregulated financier are inflating the AI bubble and thre
Finance
DoorDash to Acquire Instacart in $17B Grocery Delivery Megadeal
DoorDash will acquire Instacart for about $17 billion, combining two major delivery networks and expanding grocery optio
Finance
PCE Inflation Inches Up in September as Energy Costs Surge
The Fed's preferred inflation gauge rose 0.5% in September, with annual PCE at 3.6%, as energy costs jumped. The Fed hel
Finance
PCE Inflation Ticks Up in September, Fed Holds Rates Amid Energy Spike
September PCE inflation rose 0.5% monthly and 3.6% annually, driven by higher energy prices. The Fed held rates steady,
Finance
Brewers Brace for GLP-1 Drug Impact on Beer Sales
Heineken has warned that GLP-1 weight-loss drugs could dampen beer sales, prompting a shift toward lower-alcohol offerin
Finance
Fed holds rates as inflation persists, dissent grows
The Fed held rates at 3.75%-4% despite inflation staying above target. Two officials dissented, seeking a hike. Energy s
Finance
GTA 6 Launch Predicted to Cost US Economy Nearly $1 Billion in Lost Productivity
A new analysis suggests the upcoming Grand Theft Auto VI launch could lead to 1.5 million workers calling in sick, costi
Finance
Bank of America's $1.2B Fine Exposes Wall Street's Geopolitical Blind Spot
Bank of America's $1.2 billion penalty for sanctions and money-laundering lapses underscores a Wall Street-wide failure
Finance
Wholesale inflation leaps 1.3% in September, fastest monthly climb since early 2022
Producer prices jumped 1.3% in September, the largest monthly gain since March 2022, as energy costs soared amid Middle
Finance
September CPI Shows Inflation Tick Up to 3.7% on Fuel Costs
Consumer prices rose 0.6% in September, pushing annual inflation to 3.7% as gas costs surged. The increase complicates t
Finance
Treasury Hits Bank of America With $1.2B Penalty Over AML, Sanctions Failures
The Treasury Department fined Bank of America over $1.2 billion for anti-money laundering and sanctions violations, citi
Finance
FTC Distributes $15.8M to Cleo Users Over Deceptive Cash Advance Claims
The Federal Trade Commission is distributing $15.8 million to users of the Cleo cash advance app after alleging deceptiv
Finance
White House Dinner Signals High-Stakes AI Gamble as Debt Soars
Trump dined alone with Anthropic's CEO, underscoring the administration's reliance on AI to outpace a $40 trillion natio
Finance
AI Infrastructure Boom Drives Record Capital Spending and Bond Yields
AI infrastructure spending by top tech firms is fueling U.S. growth but straining capital markets, with bond yields at t