Artificial intelligence (AI) giant Anthropic said on Monday it had confidentially filed for its U.S. initial public offering, as the AI heavyweight looks to beat archrival OpenAI to the IPO market. The much-awaited IPO comes as Elon Musk’s SpaceX is expected to launch its roadshow on June 4, with the…
JPMorgan Chase Chairman and CEO Jamie Dimon issued an unfiltered, aggressive warning against a new crypto-friendly bill moving through Congress while also targeting Coinbase CEO Brian Armstrong’s multimillion-dollar lobbying push. In a wide-ranging interview with FOX Business’ Maria Bartiromo on Friday, Dimon was asked for his thoughts on the CLARITY…
California’s self-inflicted economic wounds have reached a fever pitch in 2026. Strapped with record-high gas prices, a staggering $31 billion transit deficit and a radical billionaire wealth tax heading to the ballot this November, the Golden State is witnessing an unprecedented mass migration.It is no longer just a working-class flight;…
A United Airlines flight bound for Spain returned to Newark Liberty International Airport on Saturday night after a potential security concern prompted the aircraft to turn around over the Atlantic Ocean. United Flight 236 departed Newark en route to Palma de Mallorca, Spain, but reversed course about 90 minutes into…
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BP abruptly removed Chairman Albert Manifold on Tuesday, citing “serious concerns” tied to governance, oversight and conduct issues, sending shares…
Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that…
SpaceX on Wednesday submitted documents to move forward with its highly anticipated initial public offering (IPO), as the revolutionary company…
Despite triumphant headlines from Wall Street, one prominent economic forecaster is sounding the alarm that the U.S. economy is sitting…
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New York City hotel rates could climb even higher after hotel owners signed what industry officials describe as the most expensive union contract in the industry’s history, locking in major wage increases for workers while raising affordability concerns for travelers and smaller hotels. The agreement,…
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Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.51% from last week’s reading of 6.36%. The average rate on a 30-year loan was 6.86% a year ago.…
Voters in Philadelphia passed a ballot measure on Tuesday that will create the country’s first city-run savings program for workers whose jobs don’t offer retirement benefits. The measure will create a new program called PhillySaves that allows private sector workers whose employers don’t sponsor retirement plans like a 401(k) to…
Stellantis on Thursday announced a $70 billion turnaround strategy that aims to refocus the automaker on core brands, partnerships and more efficient use of factory capacity. The investment is over five years and includes the production of 60 new models by 2030, including a mix of internal combustion engine, hybrid…
Federal Reserve policymakers were concerned about high energy prices contributing to inflationary pressures in the economy when they held interest rates steady last month, the minutes from the meeting show. The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy decisions, released the minutes of policymakers’ April…
The federal government is projected to run a budget deficit of at least $2 trillion this fiscal year, according to an estimate by the Treasury Department and bond market participants. Earlier this month, the Treasury released its quarterly refunding documents for the second quarter of the calendar year, which included…
For 25 years, Mike Georgopoulos — better known to his friends as “Mikey G” — has built a legacy in San Diego, opening 30 restaurants in the last decade alone. But today, the veteran entrepreneur says the California dream is being choked by a math problem that no longer adds…
New York Gov. Kathy Hochul announced Monday that the Long Island Rail Road (LIRR) strike is set to end after the Metropolitan Transportation Authority (MTA) and union leaders reached an agreement. In a post on X, Hochul said phased LIRR service is expected to resume Tuesday at noon, easing travel…
Young Americans are working to save money for their future goals and retirement despite housing costs straining their budgets, a new report finds. Bank of America on Tuesday released its latest Better Money Habits study of how adult members of Gen Z are handling their finances in adulthood. It found…
Americans looking to retire this year may be considering relocating to a new city that allows their retirement savings to go further, and a new analysis by GOBankingRates spotlights five cities to consider. The amount an individual or couple needs to have saved to retire can vary significantly across different…
Thousands of Long Island Rail Road workers are officially on strike as of midnight Saturday, effectively shutting down the nation’s busiest commuter railroad in its first strike in more than three decades and threatening major economic disruption across the New York region ahead of Memorial Day travel. The strike halted…
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