Goldman Sachs' top economist predicts that a government shutdown could last up to 3 weeks if a plan is not formulated by Congress within the next three days.
Trading in shares of China Evergrande has been suspended after reports that the chairman has been placed under police surveillance, raising concerns about the developer's future as it struggles with growing debt and a possible liquidation.
The FAA has closed the Blue Origin New Shepard 23 mishap investigation, citing the structural failure of an engine nozzle due to higher than expected operating temperatures; Blue Origin must implement corrective actions and receive a license modification before resuming launches.
The winner of the $1.6 billion Mega Millions prize has come forward to claim the winnings, choosing to remain anonymous for 90 days as per state law.
Volkswagen experiences a major IT outage, causing production at the carmaker's brands in Germany, including VW, Audi, and Porsche, to stop temporarily.
About 60 percent of U.S. consumers, across all income levels, reported living paycheck to paycheck in August, with the figure remaining unchanged from the previous year, according to a new report from Pymnts and LendingClub.
Stock futures trade near flat as investors prepare for the final trading days of a weak month and quarter, with the Dow, S&P 500, and Nasdaq all on track for losses.
Strikes by United Auto Workers at General Motors, Stellantis, and Ford plants could escalate on Friday if negotiations do not make significant progress, potentially affecting more automaker sites.
Micron Technology prepares to increase production and become a supplier to Nvidia, despite forecasting a wider-than-expected loss in the first quarter due to bans on some of its products by the Chinese government.
Former President Donald Trump's request to have a federal judge recuse herself from his criminal election interference case in Washington, D.C. was denied by U.S. District Judge Tanya Chutkan.
An 85-year-old woman is suing McDonald's after she experienced burns from spilled coffee, similar to the famous 1994 case, and hopes to get her medical bills reimbursed and prevent future incidents.
Losses from retail crime reached $112.1 billion in 2022, causing retailers to implement changes in their operations and increase spending on loss prevention, according to a survey by the National Retail Federation.
Centene plans to lay off about 2,000 employees starting on October 2, impacting just over 3% of its workforce, as part of an effort to improve its cost structure while supporting impacted employees with severance packages and outplacement services.
A Jack In The Box drive-thru worker shot at a family of three, including a 6-year-old girl and her pregnant mother, during an argument over curly fries, according to surveillance footage from the incident and an ongoing lawsuit.
Target is shutting down its store in East Harlem due to theft and crime, despite efforts by New York officers to protect the store and reduce incidents.
CVS pharmacists are planning another walkout due to concerns over working conditions and patient safety, despite CVS executives meeting with walkout organizers and promising measures to alleviate their concerns, in a larger context of alarm over pharmacist staffing and safety in the industry.
OpenAI is reportedly in talks to sell shares, potentially raising its valuation from $29 billion to $80-90 billion, with existing employees being allowed to sell their shares.
UPS is hiring 10,000 seasonal employees in Southern California for various roles including delivery drivers and package handlers, with the majority of positions not requiring an interview and offering benefits such as healthcare and tuition assistance.
Jack in the Box faces a lawsuit after an employee allegedly shot at a customer during an argument over missing curly fries, with the incident captured on video.
Oil prices rose on Tuesday amid tight supplies and speculation over what $100 oil could do to the economy, with JPMorgan economists projecting a potential impact on global GDP growth if prices remain elevated.
The U.S. housing market continued to see slight growth in home prices in July, reaching a new all-time high, despite higher mortgage rates, and while Dallas-Fort Worth experienced a slower growth rate compared to the previous month, prices have started to decline in August.
U.S. stock futures were relatively flat, with slight gains, after a sharp decline in the previous trading session, as traders anticipate economic reports and upcoming earnings releases.
Costco reported quarterly earnings that surpassed expectations, with increased grocery sales but decreased sales of big-ticket items, as shoppers made more trips but spent less during the pandemic. Sales rose 5.2% worldwide and 5% in the U.S., while Costco's net income for the fiscal fourth quarter rose to $2.2 billion.
The U.S. Federal Communications Commission chair Jessica Rosenworcel plans to reinstate net neutrality rules rescinded under former President Donald Trump, aiming to take an initial vote on the proposal on October 19.
Oil futures are slightly higher as investors assess the global economic outlook and central banks' decision to keep interest rates high to combat inflation, while rising Treasury yields and a stronger US dollar increase the appeal of oil.
The US Consumer Confidence Index experienced its largest monthly decline since December 2020 in September, fueled by decreased expectations for income, business, and labor market conditions, as well as concerns about rising inflation and political uncertainty.
Liberty Media has proposed a merger with Sirius XM, splitting off its shares into a new publicly traded subsidiary.
JP Morgan CEO Jamie Dimon warns that the world is unprepared for the potential stress on the horizon, as uncertainties in the macroeconomic backdrop, deepening government deficits, and other serious issues may lead to higher interest rates and create stress in financial markets.
Despite the upcoming "halving" event, which will reduce mining rewards, Foundry, a mining firm in the crypto industry, is expanding its operations and remains confident in the long-term survival and growth of bitcoin mining, with Texas emerging as the bitcoin capital of the world due to its supportive regulatory environment and abundant clean energy.
Jamie Dimon, CEO of JPMorgan Chase, is warning clients to prepare for a worst-case scenario of benchmark interest rates hitting 7% along with stagflation, despite market predictions of the end of the Federal Reserve's tightening cycle.
Rivian Automotive is expected to exceed electric vehicle delivery estimates in the third quarter, while Tesla faces obstacles, according to an analyst.
China's banks have maintained their benchmark loan rates for September, indicating signs of stabilization in the economy after recent policy support measures and positive economic data.
US housing starts fell to their lowest level in three years, indicating a slowdown in homebuilding activity due to mortgage rates lingering above 7%.
Chinese electric vehicle maker Nio Inc has raised $1 billion through convertible bonds to pay down debt and strengthen its balance sheet, prompting a 12% drop in its Hong Kong shares.
General Motors has idled its Fairfax assembly plant in Kansas amid the widening impact of the United Auto Workers strike.
Citigroup CEO Jane Fraser has urged the company's employees to embrace change and help deliver the bank's restructuring plan or "get off the train," as she seeks to simplify the organization and boost its stock.
Millions of American homeowners are facing increasing insurance costs and reduced coverage due to climate change-related risks, with properties in high-risk areas potentially becoming overvalued as insurance underprices the risk, according to a new analysis from the First Street Foundation.
Researchers are discussing the feasibility and ethics of creating an artificial womb to improve the survival rates and long-term health outcomes of extremely premature babies.
Chinese electric car brand Nio has released its own Android smartphone, which the company expects at least half of its users to purchase, offering car connectivity and an overall performance that appeals to Nio's user base.
A recent study has found that 95% of non-fungible token (NFT) collections have no value, highlighting the high-risk nature of the NFT market and the need for caution in purchasing these assets.
Barbara Fried, the mother of FTX founder Sam Bankman-Fried, allegedly pressured executives at the cryptocurrency exchange to break campaign finance laws, according to a lawsuit, with claims that she urged her son to use underlings as "straw donors" to avoid disclosing millions of dollars in FTX donations to her pro-Democrat political action committee.
The United States and China have established an Economic Working Group and a Financial Working Group to facilitate discussions and exchange information on economic and financial policies.
The Federal Reserve is cutting approximately 300 jobs, marking the first drop in headcount since 2010, as the central bank reassures the public about the state of the US economy.