Finance
AI Infrastructure Boom Drives Yields and Economic Growth
Hyper-scaler AI investment tops $800B, lifting growth but straining bond markets as yields hit 20-year highs, prompting
Finance
Mortgage rates climb to 7.4%, highest since late 2023, as Iran conflict roils markets
The average 30-year mortgage rate reached 7.4% this week, the highest since November 2023, as rising oil prices and the
Finance
AT&T Data Breach Settlement Payouts Near, Millions Eligible
AT&T customers affected by data breaches in 2019 and 2022 could soon get settlement checks. The $177 million fund covers
Finance
Euro Hits 17-Month Low as European Debt Pressures Mount
The euro fell to a 17-month low on Monday, trading near $1.12, as mounting European debt and energy costs weakened the c
Finance
AI infrastructure boom may trigger systemic financial crisis
Massive capital spending on AI infrastructure poses systemic economic risks. If projected productivity gains fail, finan
Finance
Amazon to Pay $309M in Settlement Over Return Refund Disputes
Amazon will pay $309 million to settle claims it wrongly denied refunds for product returns. Eligible customers may rece
Finance
Amazon to Pay $309M to Settle Claims Over Unrefunded Returns
Amazon will pay $309 million to settle claims it wrongly denied refunds for product returns. Eligible customers may rece
Finance
10-Year Treasury Yield Hits Highest Level Since 2002
The 10-year Treasury yield hit 5.34%, its highest since 2002, as inflation, energy costs, and AI investment pressures pu
Finance
10-Year Treasury Yield Reaches Highest Level Since 2002, Raising Borrowing Costs
The 10-year Treasury yield topped 5.34% on Thursday, its highest since 2002, driven by inflation, energy costs, and AI d
Finance
Trump Taps Blanche to Review Watchdog Report Exonerating Powell on Fed Renovation
President Trump has asked Attorney General Todd Blanche to review an inspector general report that cleared Jerome Powell
Finance
Fed's Cook: AI Demand Is Broadening Inflation Across the Economy
Fed Governor Lisa Cook warned that AI demand is broadening inflation beyond tech goods, with rising energy and construct
Finance
October Brings Third Paycheck for Some, 2027 Calendar Shifts
October could bring a third paycheck for some workers, while 2027 will see a shift in which months have five Fridays, af
Finance
America's Split Reality: Digital Wealth vs. Physical Debt
A new analysis reveals how social media and easy credit have created two Americas: one performing wealth online, the oth
Finance
Costco to Open 33 New Warehouses in FY2027, Targeting U.S. and Global Markets
Costco will open 33 new warehouses in fiscal year 2027, with 14 locations already announced and further expansion planne
Finance
Wall Street rebounds as oil retreats, but bond yields keep pressure on
US stocks finished the week higher as oil prices cooled, though a jump in bond yields and inflation expectations kept ga
Finance
Costco Members Can Score $60 Shop Cards with P&G Purchases
Costco is rewarding members with up to $60 in shop cards for purchases of select Procter & Gamble brands. Qualifying rec
Finance
Debt Surges in Affordable States as Fed Rate Hike Looms
Residents of Idaho and Utah have seen their average debt double in ten years, with credit card debt soaring in Nevada. T
Finance
Warsh Gains Investor Trust as Bessent Faces Bond Market Backlash
Investors now view Fed Chair Kevin Warsh as a credible inflation fighter, while Treasury Secretary Scott Bessent faces c