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Richmond Fed’s Tom Barkin says inflation risks may drive more hikes
The Federal Reserve’s decision to raise interest rates last week may mark the first of several hikes aimed at taming stubborn inflation, and one central bank leader weighed in on where inflation may go from here. Federal Reserve Bank of Richmond President Tom…
FAA resumes Northeast airport operations after telecom outage
Transportation Secretary Sean Duffy said Monday evening that telecommunications lines have been repaired and airport operations across the Northeast are resuming, though travelers should continue to expect delays. “The telecom lines have been repaired, and…
Florida Chamber launches Chicago billboards targeting Gov. Pritzker
EXCLUSIVE: Whether heading into Chicago or leaving it behind on the Stevenson Expressway, commuters are driving past a new billboard campaign from Florida’s top business lobby. Expanding its multimillion-dollar recruitment campaign into the Midwest, the…
2027 Social Security COLA projected at 3.6% by AARP after CPI data
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 than they received for this year, according to new estimates that follow the release of August inflation data. By law, the annual Social Security COLA is…
FAA outage snarls flights at Newark, JFK, LaGuardia airports
An Amtrak construction crew accidentally cut a fiber-optic line in New Jersey, triggering a telecommunications outage that forced the Federal Aviation Administration (FAA) to pause flights across parts of the Northeast, Transportation Secretary Sean Duffy…
Equipment outage grounds flights at Newark, JFK and LaGuardia airports
An equipment outage has grounded planes at some major airports in New York, New Jersey and Pennsylvania on Monday, the Federal Aviation Administration (FAA) said. “The FAA is pausing flights into Philadelphia International, Teterboro and Newark Liberty…
Volkswagen recalls 208K SUVs over faulty steering rack bolt defect
Volkswagen Group of America is recalling more than 208,000 vehicles in the U.S. over a steering rack mounting bolt that can corrode and break, potentially causing a loss of steering control. The recall affects a total of 208,724 SUVs, including certain 2018…
California wealth tax could push billionaires out, entrepreneur warns
California entrepreneur Eric Schiffer warned that the state’s proposed billionaire wealth tax could drive some of its most successful business leaders out of California, predicting a “giant sucking sound” of entrepreneurs heading for the exits if voters…
Higher jet fuel prices prompt airlines to adjust flight schedules
Executives from American Airlines, United Airlines and Southwest Airlines said Wednesday that higher jet fuel prices are prompting carriers to adjust capacity and closely monitor flight schedules. The global average jet fuel price rose 6.1% week over week to…
Trump plans state dinner for Xi Jinping with Altman, Huang and Cook
President Donald Trump is planning to hold a state dinner next week to mark a visit by Chinese President Xi Jinping, and several tech industry leaders are expected to attend. OpenAI CEO Sam Altman and Apple Executive Chairman Tim Cook are both reportedly…
September FOMC: Federal Reserve hikes interest rates for first time since 2023
This story about the September 2026 FOMC meeting will be updated with further details. The Federal Reserve on Wednesday raised its benchmark interest rate for the first time in over three years amid concerns over stubborn inflation that has been driven…
Continental Resources to develop Venezuela’s Orinoco Belt oil block
Continental Resources on Wednesday announced that it reached an agreement with Venezuela’s state-owned oil company to develop oil in the South American country’s prolific Orinoco Belt. The memorandum of understanding with Petroleos de Venezuela S.A. (PDVSA)…