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US aims for ‘economic asphyxiation’ of Iranian regime with new wave of secondary sanctions
Treasury Secretary Scott Bessent launches Operation Economic Outcast, targeting Iran's economy with secondary sanctions to cut off global trade revenue.
Big Apple targeted in lawsuit over Mamdani's government grocery store plans
New York City is facing a lawsuit challenging Mayor Zohran Mamdani's plan to open multiple government-tied grocery stores that offer discounted items.
Trump’s foreign beef push to cut grocery costs sparks GOP revolt from ranching country
President Donald Trump's tariff-free beef import plan faces GOP resistance as Republican lawmakers warn it undercuts ranchers rebuilding the cattle herd.
US-Canada trade negotiations suspended, Carney vows dollar-for-dollar retaliation against Trump's 50% tariffs
Canadian Prime Minister Mark Carney suspended trade negotiations with the U.S. and announced retaliatory tariffs after calling Trump's last-minute proposed terms unfair.
TikTok agrees to pay $400 million to settle Justice Department children's privacy case
The DOJ called the $400 million TikTok settlement a major victory for American children and parents, citing strengthened privacy safeguards.
Top JPMorgan Chase exec warns regulatory proposal could squeeze credit for millions of small businesses
JPMorgan Chase warns Basel III Endgame capital rules could hurt Main Street by raising borrowing costs and reducing small business lending access.
Neutrogena breaks silence after Hayden Panettiere's past claims spark backlash following her death
Neutrogena admitted making Hayden Panettiere "feel unsupported" after she spoke about postpartum depression, pledging a significant new investment.
Jalapeño-linked salmonella outbreak sickens 431 people across 32 states
Federal health officials say a Salmonella outbreak linked to fresh jalapeños has grown to 431 cases and 57 hospitalizations across 32 states
Mortgage rates fall for second consecutive week
The average rate on a 30-year fixed mortgage fell this week to 6.65%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.67%.
Walmart says it will use billions in tariff refunds to keep prices low
Walmart said it received nearly $2.9 billion in tariff refunds and plans to use some of the benefit to support lower prices for shoppers, while the refunds also provided a significant boost to quarterly operating income.
US national debt hits $40 trillion milestone for first time ever
The U.S. national debt topped $40 trillion as interest costs now exceed national defense spending and the debt doubled in under 10 years.
Costco plots major expansion into senior healthcare with Medicare partnership
In a first-of-its-kind venture, Costco is partnering with SCAN Health Plan on senior-focused insurance products that could include pharmacy, vision and hearing benefits.
American Airlines makes major cabin upgrade as it battles for premium passengers
American Airlines is installing 4K seatback screens, Bluetooth connectivity, and USB-C charging across more than 800 narrowbody aircraft starting in 2028.
States accuse Meta of targeting children for Facebook, Instagram addiction: 'The young ones are the best ones'
Meta faces a landmark federal trial as 29 states accuse the social media giant of exploiting teen addiction on Facebook and Instagram for profit.
New York Republican congressman rips Hochul policies for sending businesses ‘don’t come here’ message
Rep. Mike Lawler says Kathy Hochul's data center moratorium tells companies to go elsewhere, worsening New York's out-migration and tax burden.
Nearly 1M Chrysler, Jeep, Dodge and Ram vehicles recalled over camera glitch
Stellantis is recalling nearly one million Chrysler, Jeep, Dodge and Ram vehicles worldwide over radio software that may disable rearview cameras.
L3Harris ousts CEO Kubasik over conduct violation
L3Harris Technologies CEO Christopher Kubasik stepped down after a board investigation found he engaged in misconduct unrelated to financials.
Meta heads to trial over alleged social media addiction, risks to children
Attorneys general from California, Colorado, Kentucky and New Jersey allege Meta misled the public about the risks its platforms pose to children.
Armed suspect with machete, pickaxe detained by customers during Costco jewelry heist: reports
Costco customers and employees helped restrain a man accused of an armed jewelry robbery at a South Carolina warehouse store, according to local reports.
Maker of ice cream sold at grocery stores nationwide files for bankruptcy as it appeals $23.8M judgment
Rebel Creamery reported $13.78 million in assets and $23.85 million in liabilities as it appeals a $23.785 million Van Leeuwen judgment.
Mark Cuban tells Ro Khanna 'you don't understand business,' threatens investment shift over billionaire tax
Mark Cuban warned Rep. Ro Khanna that California's proposed billionaire tax could drive startup founders out of the state, vowing to avoid investing there.
Waymo gets regulatory approval to scale up robotaxi service across California, enter 2 new markets
Waymo's robotaxi service expands across Northern and Southern California after CPUC approval, adding Sacramento and San Diego as new markets.
Roughly 23 million Americans trapped in jobs they want to leave over one costly fear
A growing number of Americans are staying in unwanted jobs to keep their health coverage as medical debt and rising costs squeeze household finances.
Frontier flight declares medical emergency after 4 flight attendants develop headaches, nausea
Four Frontier Airlines flight attendants reported headaches and nausea on the Airbus A321 approaching Fort Lauderdale from Cleveland, prompting a medical emergency call.
Tyson Foods to close 2 facilities, pursue sale of another amid 'historic' cattle shortage
Tyson Foods announced it is closing two facilities and pursuing the sale of a third as tight cattle supplies continue to pressure its beef business.
Single Powerball ticket sold in Illinois wins $1.04 billion jackpot, eighth-largest in US history
Wednesday's Powerball drawing produced a single Illinois winner who matched all six numbers to claim the $1.040 billion jackpot, eighth-largest ever.
Major supermarket chain closes at least 39 stores as nationwide overhaul takes shape
The grocery giant is closing underperforming locations across several banners, with some stores being consolidated into larger-format locations.
Inflation cooled in July but remained elevated as Fed weighs rate hikes
The Labor Department released the consumer price index (CPI) for July which showed that inflation cooled, even as the pace of price growth remained elevated.
Minnesota woman sues Chipotle after burrito bowl allegedly caused Salmonella infection, sepsis
A Minnesota woman is suing Chipotle after allegedly contracting Salmonella from a burrito bowl, as health officials investigate a multistate outbreak tied to recalled jalapeños.
Verizon suffers outage in 'some parts of the US' with thousands of reports
Downdetector showed more than 12,000 reports by 4:30 p.m. ET as Verizon users flooded social media saying phone calls were not going through nationwide.
Auto loan refinancing: How it works and when it could save you money
Explore how auto loan refinancing works, when it makes financial sense, and how preapproval options can help lower your monthly car payments.
Trump considering renewing push to fire Lisa Cook from Federal Reserve Board
President Donald Trump is signaling that he may move forward with his attempt to fire Federal Reserve Board Governor Lisa Cook over mortgage fraud allegations.
US economy unexpectedly shed jobs in July
The Labor Department released the July 2026 jobs report, which showed the U.S. economy shed jobs unexpectedly last month amid uncertainty over inflation.
Burger chain bucks California trend, doubles down on Golden State despite rising costs
Freddy's Frozen Custard & Steakburgers CEO says California gets a "bad rap" as competitors close doors, planning 60 new locations nationwide this year with a Northern California focus.
New Mexico court orders Meta to pay $567M, overhaul teen protections on Facebook and Instagram
A New Mexico court ordered Meta to pay $567 million and implement sweeping new protections for teens using Facebook and Instagram.
FAA orders inspections of hundreds of Boeing 737 Max jets over potential cracks
The FAA is requiring inspections of 471 U.S.-registered Boeing 737 Max jets over possible cracking, though Boeing says the issue has not been seen on the Max fleet.
TikTok says moderator error delayed removal of Perez Hilton's livestream showing acts of self-harm
TikTok says a moderator error delayed the removal of Perez Hilton's livestream showing self-harm, prompting a law enforcement response and the celebrity blogger's hospitalization.
Dave Portnoy has message for 'trashy, ratchet influencers' amid viral Nantucket sign controversy
Dave Portnoy defends a Nantucket business's viral "No Influencers" sign, saying the island should not be treated as a prop for social media content.
OpenAI to pay $3.2 million to settle DOJ allegations it favored foreign workers over Americans
OpenAI allegedly failed to advertise PERM jobs on its careers website and required paper applications to discourage U.S. workers from applying
McDonald's says US sales slowed after value deal push fell short
CEO Chris Kempczinski says weak promotion of value deals and a pullback in digital deals led to a drop in visits from McDonald's loyal customers.
Nearly 23,000 pounds of Ukrop's baked spaghetti and chicken cobbler recalled over metal sliver concerns
A consumer complaint about metal found in a fully cooked product triggered the Ukrop's Homestyle Foods recall of baked spaghetti and chicken cobbler.
Minnesota's ban on crypto ATMs goes into effect after citizens report losing nearly $1 million in scams
Minnesota's ban on crypto ATMs went into effect on Saturday, and by Dec. 31, all existing machines across the state must be removed.
Nearly 12 million bottles of Rohto eye drops over sterility concerns, FDA announces
Nearly 12 million bottles of Rohto Cooling Eye Drops face a Class II recall over lack of assurance of sterility, affecting eight product lines.
Cruise ship passengers rescued after vessel runs aground
The Viking Ullur cruise ship became stranded in the Danube River near Vidin, Bulgaria, forcing police to evacuate 186 passengers on board, reports said.
Robotic vacuums swept up in new US crackdown over national security risks
Some Roomba-style robotic vacuums are now covered under expanded FCC security restrictions targeting advanced foreign-made robotics tied to national security concerns.
Mortgage rates rise to one-year high
The average rate on a 30-year fixed mortgage rose this week to 6.66%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.58%.
US economic growth slows unexpectedly in second quarter
U.S. economic growth slowed unexpectedly in the second quarter, with the Commerce Department's advance estimate showing a 1.5% annual growth rate.
Fed's favored inflation gauge showed prices pulled back in June
The Fed's favored inflation gauge eased but remained elevated in June, with PCE inflation remaining well above the Fed's 2% target.
Fed policymakers leave rates unchanged amid elevated uncertainty
Fed policymakers left interest rates unchanged at their July meeting as stubborn inflation remains well above the central bank's 2% target.
How Aeras Aviation’s Demetrios Bradshaw keeps the world’s fleets flying
With new aircraft deliveries years away and engine-maintenance backlogs growing, airlines are relying on existing assets to meet current demand. Aeras Aviation founder and CEO Demetrios Bradshaw discusses how the company sources, manages and returns aircraft engines and other high-value assets to service.
American Airlines says flights resume after FAA ground stop sparked by IT outage
A systemwide IT outage briefly forced the FAA to halt all American Airlines departures nationwide, disrupting travel as crews race to restore service.
Zuckerberg predicts more jobs and entrepreneurship if superintelligence is widely distributed
Mark Zuckerberg pushes back against AI doom rhetoric, writing that distributed superintelligence will create more jobs and make starting businesses easier.
Apple to lease iPhones, other products to users through Klarna partnership
Apple Upgrade lets customers lease iPhone, iPad, Mac and Apple Watch devices through Klarna, then return, upgrade or purchase the product when the lease ends.
Apple to lease iPhones, other products to users through Klarna partnership
Apple Upgrade lets customers lease iPhone, iPad, Mac and Apple Watch devices through Klarna, then return, upgrade or purchase the product when the lease ends.
Mercedes-Benz could face US ban under Senate bill targeting Chinese-owned automakers
Sen. Ted Cruz warns Mercedes-Benz would be banned from the U.S. market under new legislation targeting Chinese-owned automakers, accusing GM of a push.
Cracker Barrel CEO Julie Masino to step down
Cracker Barrel CEO Julie Masino will step down and be replaced by David Deno. She will stay with the company in an advisory capacity until Oct. 9.
Chipotle opens first restaurant in Mexico as global expansion accelerates
The fast-casual chain opened its first restaurant in Mexico this month and plans additional locations in Nuevo León before expanding into Mexico City in 2027.
United reportedly approached Delta Air Lines about a potential merger
The reported tie-up would have combined two of the nation’s largest airlines, but the preliminary discussions did not advance and both carriers ultimately moved on.
Brooklyn Roasting Company recalls cold brew sold in New York and New Jersey over botulism risk
Brooklyn Roasting Company recalled 2.5 gallon bags of cold brew concentrate over Clostridium botulinum toxin risk in New York and New Jersey.
Albertsons warns of softer grocery demand as consumers pull back
Albertsons cut its annual outlook after comparable grocery sales declined, while digital and pharmacy growth helped offset pressure in its core business.
More than 1.5 million dozen egg cartons recalled over possible salmonella contamination
More than 1.5 million dozen shell eggs sold under multiple brands have been recalled after routine testing raised concerns about possible salmonella contamination.
Fidelity estimates retirees will spend $185,500 on healthcare and medical expenses in retirement
Fidelity's 2026 estimate shows a 65-year-old retiree may face $185,500 in medical expenses despite Medicare coverage, a 7.5% jump from last year.
Fidelity estimates retirees will spend $185,500 on healthcare and medical expenses in retirement
Fidelity's 2026 estimate shows a 65-year-old retiree may face $185,500 in medical expenses despite Medicare coverage, a 7.5% jump from last year.
Cathie Wood says battered SpaceX could become 'most important company in global history'
ARK Invest allocated $80 million to SpaceX after its IPO, and CEO Cathie Wood remains bullish even as the stock sheds nearly $1.4 trillion in market value.
Apple raises prices on some streaming services as licensing costs climb
Apple Music individual plans rise to $11.99 and family plans jump to $19.99 as the company cites rising licensing costs for the subscription hikes.
Bessent says Treasury tracked down ayatollah's 'money man,' plans to expose linked properties
Scott Bessent says Treasury has found the ayatollah's "money man" and is tracking over $100 million in properties linked to Iran's supreme leader.
Treasury intercepts nearly $99M in federal payments to deceased individuals under Trump fraud order
A new Treasury fraud verification system screened 885 million transactions worth $2.77 trillion, catching over 4,900 improper payments to deceased recipients.
Miami's cost of living now tops New York City's despite Florida's tax advantages
Rising property taxes, insurance premiums and 36% inflation since 2019 have pushed Miami's cost of living above New York City's for the first time on record.
FDA says Taylor Farms Cyclospora lettuce test was a false positive
The FDA says its lab finding of Cyclospora in Taylor Farms lettuce linked to the Taco Bell outbreak was a false positive after experts re-reviewed results.
Taylor Farms lettuce sample tests positive for Cyclospora as recall expands
A shredded iceberg lettuce sample from Taylor Farms de Mexico tested positive for the cyclospora parasite as the company expanded its nationwide recall.
Costco adds hot fan favorite to food court menu as shoppers debate taste and value
Costco is expanding its famously affordable food court menu with a new $6.99 chicken strip meal and the addition has already divided shoppers over its flavor, breading and value.
Airlines warn changing daylight saving time would disrupt scheduling
Airlines for America warns that permanent daylight saving time would disrupt crew scheduling, aircraft positioning, and global connectivity networks.
Young millionaire reveals the wealth-building lessons he learned from billionaires
The young entrepreneur behind 'School of Hard Knocks' shares his strategy for turning a content creator business into multiple revenue streams.
IRS raises business mileage deduction rate amid fuel price surge
The IRS raised its standard business mileage deduction to 76 cents per mile amid surging gas prices linked to the Iran war's disruption of oil flows.
New York becomes first state to freeze new AI data centers in move critics warn could drive away jobs
Dem Gov. Kathy Hochul announced the nation's first statewide moratorium on new AI data centers while officials develop new environmental standards.
Taco Bell investigated as lettuce emerges as possible source of cyclosporiasis outbreak
Federal and state health agencies are reportedly reviewing whether Taco Bell locations contributed to the cyclosporiasis outbreak sweeping Michigan and America.
Home cooks should stop using recalled gas range immediately, US says
The recalled Insignia Front Control Gas Ranges can be activated by accidental contact with knobs, affecting 3,820 units sold across the U.S.
Consumer inflation cooled more than expected in June as gas prices fell
The Bureau of Labor Statistics found that the consumer price index (CPI) eased in June as consumer price growth slowed after a recent surge caused by the Iran war.
Princess cruise ship worker dead after going overboard near Cancún
A Regal Princess crew member went overboard near Cancún, prompting an hours-long search involving the Carnival Jubilee and Mexican authorities.
Disney spotlights American businesses powering its magic in nation’s 250th year
From Alaska cruise tours to parade floats, Disney is spotlighting the American companies helping power its guest experiences nationwide.
US, Canada strike deal to open bridge linking Detroit and Windsor after dispute delayed launch
The U.S. and Canada settled on favorable terms on how to administer tolls on the newly-constructed Gordie-Howe International Bridge. It will open on July 27.
Apple accuses OpenAI of telling recruits to bring Apple prototypes to interviews
Apple accuses OpenAI of telling recruits to bring confidential prototypes and hardware to job interviews in a new trade secrets lawsuit
Beloved American ice cream chain shuttering dozens of stores nationwide
From Alaska to Texas, Dairy Queen closures are mounting as franchisees face strict corporate compliance mandates and tightening economic pressures.
Costco hit with lawsuit alleging protein powder sold in stores contains 'dangerous' levels of lead, arsenic
Costco is facing a class action lawsuit alleging Orgain protein powders sold by the retailer contain elevated levels of lead, arsenic and cadmium.
First Freedom Fuel gas station opens as Trump-backed discounts roll out
The White House says the first Freedom Fuel gas station has opened in Philadelphia, offering gasoline for about 50 cents below the statewide average as part of a broader rollout.
Delta rolls out cheaper first-class, business fares with fewer perks: 'More ways to choose'
Delta Air Lines is expanding its stripped-down fare model to premium cabins, offering lower-cost access to Delta First, Delta Premium Select and Delta One seats.
Honda recalling more than 325,000 vehicles over potential crash risk
Honda is recalling 325,588 Odyssey vehicles from model year 2018-2020 over issues with rearview image displays, increasing the risk of a crash.
Costco quietly discontinues award-winning Kirkland item fans call 'one of the best' in the market
Costco shoppers will soon have to say goodbye to two popular Kirkland Signature beers as the retailer's partnership with Deschutes Brewery comes to an end.
Oregon data centers face sharp electricity rate hike under new law
Oregon's PUC approved a 29% rate hike on data centers under the POWER Act, while residential customers will see bills drop by an average of 1.3%.
United must face lawsuit over 'window seats' that don't have windows, judge rules
A federal judge ruled passengers plausibly alleged United Airlines breached its agreement by selling certain window seats without an actual window, allowing the proposed class action to proceed.
Apple to invest $30 billion in US chip manufacturing
Apple announced it is investing more than $30 billion in chip manufacturing in the U.S. that will produce a whopping 15 billion chips as part of its $600 billion long-term investment within America.
Four states seeking $1.4 trillion in penalties in child social media addiction trial, Meta says
Four states are seeking $1.4 trillion from Meta over claims Facebook and Instagram were designed to be addictive to children without any warnings on the alleged harms of the apps.
Trump looking 'very strongly' at Australia-style retirement system: 'Taking that, making it sharper'
President Donald Trump says his administration is studying superannuation, a mandatory program requiring employers to contribute 12% into retirement accounts.
Biden-era illegal immigration drove up housing costs, Fed economists find
A Federal Reserve working paper finds unauthorized immigration during the Biden administration drove up home prices by 2.2% and rents by 1.4%.
Surviving since Lincoln: How six generations beat the small business curse
Sixth-generation owner Alex Bassett Strange leads a Philadelphia ice cream business that has survived 165 years with new flavors and global exports.
Major retailers open for July 4: Here's where you can shop and eat on America's 250th birthday
Need last-minute July 4 essentials? See which major stores and restaurants are open, closed or have reduced hours in the United States.
Dave Portnoy reveals he is losing millions in brutal Bitcoin crash
Barstool Sports founder Dave Portnoy admits he doesn't have plans to sell Bitcoin despite its volatile nature and his struggle to predict the cryptocurrency's next move.
Surprise rival knocks Costco's famous rotisserie chicken off its perch as best bird
Consumer Reports named Sam's Club's rotisserie chicken the best warehouse club bird, edging out Costco's iconic $4.99 Kirkland Signature option.
US economy added jobs at a slower pace than expected in June
The Labor Department released the June 2026 jobs report, which showed the U.S. economy added jobs at a steady pace last month despite uncertainty over inflation.
New Costco approved in California, but some locals say location is 'unnecessary'
A proposed Costco warehouse and gas station in Downey, California, cleared a key approval, but many residents say another location isn't needed.