Google reportedly expanded its office presence in Miami this year after two of its co-founders purchased houses in South Florida. Alphabet, the parent company of Google, signed a lease expanding its existing 10,000-square-foot satellite office in Miami’s financial district by an additional 45,000 square feet, two people familiar with the…
ARK Invest CEO Cathie Wood is defending her fund’s stake in SpaceX, declaring the aerospace and satellite network pioneer could become the “most important company in global history” despite the stock’s recent slide and an upcoming $116 billion share unlock. During an interview on “Mornings with Maria” Wednesday, Wood explained…
Icahn Enterprises on Tuesday announced that the company reached a deal to sell Pep Boys to Mavis, one of the largest independent tire and service providers in the country, in a $700 million deal. Pep Boys has nearly 800 locations around the country and offers auto services including tires, repairs,…
Ford is recalling nearly 388,000 SUVs because an issue with the second-row easy-entry seats could increase the risk of injury, according to federal regulators. A total of 387,911 vehicles are affected, including certain 2020-2026 Ford Explorer and 2020-2027 Lincoln Aviator models, the National Highway Traffic Safety Administration (NHTSA) said in…
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Mars Wrigley signaled it will lay off hundreds of workers as it relocates its headquarters from Newark, New Jersey, to…
Apple briefly passed Nvidia to become the world’s most valuable company on Friday as the tech titans jostled for the…
JPMorgan Chase Chairman and CEO Jamie Dimon is validating the growing frustration of working-class Americans, admitting in a recent interview…
As anxiety mounts over the projected 2032 depletion of the Social Security Old-Age and Survivors Insurance (OASI) Trust Fund, a…
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Americans who are looking to buy a home for the first time are seeing some gradual improvement in affordability, though the market remains far more challenging than it was before the COVID-19 pandemic – particularly in some parts of the country. A new analysis by…
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Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 amid persistently high inflation this year, a new report finds. An analysis by The Senior Citizens League (TSCL) predicts that the 2027 COLA will be 3.8%, or 1 percentage point higher than the 2026 COLA of…
California consumers could soon see higher grocery bills as the state begins implementing a sweeping packaging law that shifts recycling costs from taxpayers to manufacturers – expenses some businesses warn could eventually be passed on to shoppers. Beginning next month, California will start collecting preliminary fees under the state’s Plastic…
Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank’s policymakers have “no tolerance for persistently elevated inflation” in his first testimony as Fed chief. Warsh said in his prepared testimony for the House Financial Services Committee that concerns about inflation influenced the Fed’s decision to hold the…
This story about the June 2026 CPI inflation report will be updated with further details. Inflation pulled back in June after surging in prior months due to the Iran war’s impact on energy prices throughout the economy.The Bureau of Labor Statistics (BLS) said on Tuesday that the consumer price index (CPI)…
Volkswagen’s leadership is warning that the company may need to cut an extra 50,000 jobs to stay competitive with auto industry rivals, according to an internal memo sent to staff. The German automaker previously announced plans to cut 50,000 jobs across the company, including at its subsidiaries Porsche and Audi,…
American families are increasingly being pushed past their financial limits at the grocery checkout counter, turning to credit card debt just to keep food on the table, according to a new study. Data released Monday from the Urban Institute found that a cumulative 32% increase in food costs over the…
Meta is expanding its massive data center project in Richland Parish, Louisiana, to 5 gigawatts of compute capacity, making it one of the largest data centers in history, the company announced Monday. The expansion pushes Meta’s total investment in the region to more than $50 billion, marking one of the…
More than 1,000 MagSafe battery chargers have been recalled over burn risks following reports of the power banks catching fire and causing burn injuries. Flaunt is recalling about 1,400 MagSafe battery chargers due to the risk of serious injury or death from fire and burn hazards, according to the U.S. Consumer…
Delta Air Lines sees higher fares staying in place for consumers amid higher costs for fuel and other expenses, even if oil prices return to more moderate levels and allow jet fuel costs to decline in turn. Delta CEO Ed Bastian said on the company’s quarterly earnings call that the…
American consumers hoping for a swift end to years of inflationary pressures are facing a harsh reality check. While recent relief at the gas pump offered a temporary reprieve, corporate supply chain strains and the lingering effects of global trade and geopolitical shocks are expected to keep prices elevated for…
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