Finance
Wholesale inflation leaps 1.3% in September, fastest monthly climb since early 2022
Producer prices jumped 1.3% in September, the largest monthly gain since March 2022, as energy costs soared amid Middle
Finance
September CPI Shows Inflation Tick Up to 3.7% on Fuel Costs
Consumer prices rose 0.6% in September, pushing annual inflation to 3.7% as gas costs surged. The increase complicates t
Finance
Treasury Hits Bank of America With $1.2B Penalty Over AML, Sanctions Failures
The Treasury Department fined Bank of America over $1.2 billion for anti-money laundering and sanctions violations, citi
Finance
FTC Distributes $15.8M to Cleo Users Over Deceptive Cash Advance Claims
The Federal Trade Commission is distributing $15.8 million to users of the Cleo cash advance app after alleging deceptiv
Finance
White House Dinner Signals High-Stakes AI Gamble as Debt Soars
Trump dined alone with Anthropic's CEO, underscoring the administration's reliance on AI to outpace a $40 trillion natio
Finance
AI Infrastructure Boom Drives Record Capital Spending and Bond Yields
AI infrastructure spending by top tech firms is fueling U.S. growth but straining capital markets, with bond yields at t
Finance
AI Infrastructure Boom Drives Yields and Economic Growth
Hyper-scaler AI investment tops $800B, lifting growth but straining bond markets as yields hit 20-year highs, prompting
Finance
Mortgage rates climb to 7.4%, highest since late 2023, as Iran conflict roils markets
The average 30-year mortgage rate reached 7.4% this week, the highest since November 2023, as rising oil prices and the
Finance
AT&T Data Breach Settlement Payouts Near, Millions Eligible
AT&T customers affected by data breaches in 2019 and 2022 could soon get settlement checks. The $177 million fund covers
Finance
Euro Hits 17-Month Low as European Debt Pressures Mount
The euro fell to a 17-month low on Monday, trading near $1.12, as mounting European debt and energy costs weakened the c
Finance
AI infrastructure boom may trigger systemic financial crisis
Massive capital spending on AI infrastructure poses systemic economic risks. If projected productivity gains fail, finan
Finance
Amazon to Pay $309M in Settlement Over Return Refund Disputes
Amazon will pay $309 million to settle claims it wrongly denied refunds for product returns. Eligible customers may rece
Finance
Amazon to Pay $309M to Settle Claims Over Unrefunded Returns
Amazon will pay $309 million to settle claims it wrongly denied refunds for product returns. Eligible customers may rece
Finance
10-Year Treasury Yield Reaches Highest Level Since 2002, Raising Borrowing Costs
The 10-year Treasury yield topped 5.34% on Thursday, its highest since 2002, driven by inflation, energy costs, and AI d
Finance
10-Year Treasury Yield Hits Highest Level Since 2002
The 10-year Treasury yield hit 5.34%, its highest since 2002, as inflation, energy costs, and AI investment pressures pu
Finance
Trump Taps Blanche to Review Watchdog Report Exonerating Powell on Fed Renovation
President Trump has asked Attorney General Todd Blanche to review an inspector general report that cleared Jerome Powell
Finance
Fed's Cook: AI Demand Is Broadening Inflation Across the Economy
Fed Governor Lisa Cook warned that AI demand is broadening inflation beyond tech goods, with rising energy and construct
Finance
October Brings Third Paycheck for Some, 2027 Calendar Shifts
October could bring a third paycheck for some workers, while 2027 will see a shift in which months have five Fridays, af