Business Fed’s Preferred Inflation Gauge Hits Three-Year High Amid Energy Price Surge June 25, 2026 The Federal Reserve faces mounting challenges in controlling rising prices after its preferred inflation measure reached a three-year peak in May. The Personal Consumption Expenditures (PCE) index rose 4.1% annually,…
Business GMC Unveils Redesigned 2027 Sierra 1500 With Dual V8 Engines June 25, 2026 Complete Overhaul Brings New Power and Technology GMC has pulled back the curtain on its 2027 Sierra 1500, delivering a comprehensive redesign that touches every aspect of the automaker’s best-selling…
Business US Banks Sail Through Federal Reserve Stress Test Despite Severe Recession Scenario June 25, 2026 Major Banks Prove Resilience in Annual Regulatory Examination The biggest US banks demonstrated they could absorb more than $708 billion in losses during a severe global recession while continuing to…
Business Alibaba Sues US Defense Department Over Chinese Military Company Label June 24, 2026 E-Commerce Giant Challenges Military Affiliation Claims Alibaba filed a federal lawsuit against the United States Department of Defense on Tuesday, challenging the Pentagon’s designation of the Chinese e-commerce giant as…
Business SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company on AI Chip Boom June 22, 2026 Historic Market Cap Reversal Reshapes South Korean Corporate Landscape SK Hynix overtook Samsung Electronics on Monday to become South Korea’s most valuable listed company, marking a dramatic reversal of fortunes…
Business Asian Markets Surge on Iran Peace Progress While Fed Inflation Worries Weigh on US Futures June 22, 2026 Asian stock markets rallied sharply on Monday as Iranian negotiators reported meaningful progress in peace discussions with the United States. The positive developments eased concerns that negotiations were approaching collapse,…
Business Federal Reserve Chair Kevin Warsh Launches Historic Overhaul With Five Task Forces June 21, 2026 Warsh Unveils Ambitious Reform Plan After First Meeting Federal Reserve Chairman Kevin Warsh announced sweeping changes following his first policy meeting Wednesday, establishing five task forces designed to fundamentally rethink…
Business Ubisoft Co-Founder Claude Guillemot Dies in Plane Crash Near French Coastal Town June 21, 2026 Claude Guillemot, co-founder of French video game giant Ubisoft, died Friday in a plane crash near La Baule, France. The 69-year-old entrepreneur helped establish the gaming powerhouse alongside his four…
Business Red Lobster CEO Targets Historic Restaurant Comeback After Bankruptcy Filing June 19, 2026 Young Executive Takes Helm of Struggling Seafood Chain Damola Adamolekun, at just 37 years old, now leads Red Lobster through what he calls “the greatest comeback in the history of…
Business Texas Woman Sues McDonald’s After McMuffin Allegedly Left Her Permanently Disabled June 19, 2026 Legal Battle Escalates to Manhattan Supreme Court A Texas resident has filed a lawsuit against McDonald’s Corporation and a New York City franchise, claiming a Sausage Egg McMuffin left her…
Business Costco Customers Hoard Australian Tim Tam Cookies in Nationwide Shopping Frenzy June 19, 2026 Legendary Australian Biscuit Lands at Costco Warehouses Costco shoppers are flocking to warehouse aisles across the United States to stock up on Tim Tams, the iconic Australian chocolate biscuits that…
Business Federal Student Loan Autopay Discount Quadruples to 1% Through 2028 June 18, 2026 Education Department Expands Autopay Incentive The Education Department announced on Thursday a significant expansion of its autopay interest discount program for federal student loan borrowers. Starting July 1, 2026, borrowers…
Business California’s Tech IPO Tax Windfall May Fall Short Despite Record Valuations June 18, 2026 Record Valuations May Not Translate to Proportional Tax Revenue The blockbuster SpaceX IPO and potential upcoming public offerings for OpenAI and Anthropic could create a significant tax windfall for the…
Business Qantas Confirms October 2027 Launch for Record-Breaking Sydney to London Nonstop Flight June 18, 2026 Record-Breaking Route Set to Launch Under Project Sunrise Initiative Qantas Airways has confirmed the launch date for its hotly anticipated nonstop service between Sydney Kingsford Smith Airport and London Heathrow…
Business Southeast Asia Faces $245 Billion Energy Bill by 2035 Without Urgent Reforms June 18, 2026 Regional Energy Crisis Exposes Critical Vulnerabilities The war in Iran revealed deep weaknesses in Southeast Asia’s energy security. Governments now face mounting pressure to diversify supplies before costs spiral further.…
Business Oil Markets Face Massive Overhang as Iran War Ends and Supply Rebounds June 17, 2026 Global Oil Demand Plunges Amid Iran War Disruptions The International Energy Agency delivered a stark warning on Wednesday about looming supply imbalances in global oil markets. The Iran war created…
Business Yum! Brands Sells Struggling Pizza Hut Chain for $2.7 Billion June 17, 2026 Yum! Brands announced a $2.7 billion sale of its struggling Pizza Hut chain as the iconic restaurant brand faces mounting competitive pressures and declining performance. Private equity firm LongRange Capital…
Business Robinhood Cuts 10 Percent of Workforce Without Blaming AI for Job Losses June 16, 2026 Trading Platform Eliminates 290 Positions in Strategic Restructuring Robinhood announced on Tuesday that it will reduce its workforce by 10 percent, eliminating approximately 290 jobs from its 2,900-employee headcount. CEO…
Business Mortgage Refinancing Benefits Flow to Wealthy While Working Families Locked Out June 16, 2026 Interest Rate Declines Fail to Reach Lower-Income Borrowers When mortgage interest rates decline, wealthy homeowners capture the overwhelming majority of refinancing benefits while working families remain shut out from potential…
Business Renters Face Wildly Different Markets Depending on Location June 16, 2026 Supply Surge Creates Renter Advantages in Select Markets When Mason Comans searched for an apartment in Nashville, Tennessee a few months ago, property managers pursued him with aggressive incentives. One…