About 100 planes worldwide have been affected by a scandal involving the sale and distribution of fake airplane parts from a dubious company called AOG Technics, leading to delays and safety concerns for airlines.
NovaForm mattresses, sold exclusively at Costco, have been recalled due to the risk of possible mold exposure, posing a health risk to those with mold allergies or compromised immune systems.
A privately owned high-speed passenger train service has launched in Florida, offering a 3.5-hour trip between Miami and Orlando, becoming the first new privately-owned inter-city passenger service in the US in 100 years.
The U.S. Federal Reserve is cutting around 300 jobs this year, mainly in its regional reserve banks, due to the adoption of cloud-based software and consolidation of payment processing systems.
An alliance between a notorious ransomware gang and a group of young hackers called Star Fraud is behind recent cyberattacks on Caesars Entertainment and MGM casinos, signaling a concerning trend in the targeting of large companies by financially motivated individuals, according to security experts.
Citadel Securities has settled with the Securities and Exchange Commission (SEC) for $7 million after violating a provision of Regulation SHO due to a coding error that resulted in millions of incorrect sale order markings over a five-year period.
Goldman Sachs has agreed to pay a $6 million penalty for failing to provide complete and accurate securities trading information to the Securities and Exchange Commission (SEC) over a period of ten years, resulting in deficient blue sheet submissions containing missing or inaccurate trade data for at least 163 million transactions.
The president of the United Auto Workers, Shawn Fain, has invited President Biden to join striking autoworkers on the picket lines in their growing strike against leading automakers, increasing pressure on the White House.
Stock futures on the Dow Jones, S&P 500, and Nasdaq 100 climb slightly after a week of steep losses, as investors react to the Federal Reserve's statement on keeping interest rates higher for longer.
A highly skilled hacking group known as Scattered Spider is using social engineering techniques and bypassing multi-factor authentication to target companies and steal sensitive data for extortion, with experts warning that attacks are expected to continue. The group, believed to consist mainly of 17-22-year-olds from Western countries, has breached numerous organizations globally, leaving threatening notes for victims and even engaging in SWATing tactics, according to cybersecurity specialists. The group is said to prioritize power, influence, and notoriety rather than financial gain.
The Federal Trade Commission has filed an antitrust lawsuit against a doctors' group and a private equity firm, accusing them of consolidating doctors' groups in Texas to raise prices for anesthesia services and harm fair competition.
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.
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.
General Motors has idled its Fairfax assembly plant in Kansas amid the widening impact of the United Auto Workers strike.
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.
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.
US housing starts fell to their lowest level in three years, indicating a slowdown in homebuilding activity due to mortgage rates lingering above 7%.
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.
The Powerball jackpot has reached an estimated $835 million after 29 consecutive drawings without a winner, with the odds of winning being 1 in 292.2 million.
Amazon is investing up to $4 billion in artificial intelligence startup Anthropic, providing its employees and cloud customers early access to the technology and relying primarily on Amazon's cloud services, in an effort to compete with cloud rivals like Microsoft and Google.
The Federal Trade Commission, with support from state attorneys general, has filed an antitrust lawsuit against Amazon, adding to a series of legal complaints filed under the Biden administration, alleging monopolistic practices and price manipulation.
Target is closing nine stores in major cities across four states due to theft and organized retail crime, which the retailer claims have made the environment unsafe for staff and customers and unsustainable for business.
Hyundai and Kia are recalling 3.3 million vehicles due to a risk of fire caused by issues with the antilock brake system, with models from 2010 to 2019 affected, and the automakers are facing criticism for not addressing the underlying design issue.
The United Auto Workers union will expand strikes at General Motors, Ford Motor, and Stellantis plants if significant progress is not made in negotiations by Friday, potentially affecting thousands of workers.
Gold and silver prices are significantly lower due to a strong U.S. dollar index and a high U.S. Treasury note yield, with the metals market remaining bearish amid concerns of potential stagflation and higher interest rates.
Ford Motor Co. has paused construction on its $3.5 billion electric vehicle battery plant in Michigan due to concerns over competitiveness and local opposition, while facing ongoing contract negotiations with the United Auto Workers union.
Costco's CFO, Richard Galanti, revealed that the retailer's one-ounce gold bars have been consistently selling out within a few hours of being listed on the website, with a limit of two per member, and customers lucky enough to purchase the item can also earn 2% cash back if they have an executive membership card.
The Mega Millions jackpot has grown from $183 million to $230 million in just one week, following a summer of lottery frenzy with billion-dollar jackpots for Powerball and Mega Millions.
Las Vegas hospitality workers have voted to authorize a strike against 22 casino resorts, increasing the likelihood of a labor dispute in the country's biggest gambling hub, as they push for a contract that includes larger wage increases, reduced housekeeping quotas, and new protections regarding the use of new technology in jobs.
Lina Khan, the chair of the Federal Trade Commission (FTC), has filed an antitrust lawsuit against Amazon, arguing that the company has used illegal tactics to maintain its monopolistic control and harm consumers.
The US Federal Communications Commission (FCC) is taking steps to restore net neutrality rules that would regulate broadband providers, aiming to ensure fast, open, and fair internet access for all.
A government shutdown is unlikely to have a negative impact on the stock market, as historical data shows that shutdowns have not affected markets in the past.
An American Airlines flight attendant was found dead in her hotel room at the Philadelphia Airport Marriott, and the police are investigating the incident as a suspicious death.
The U.S. stock market has experienced a decline due to conflicting economic news and a surge in bond yields, which may be driven by factors other than data, such as fiscal deficits and central bank policies.
Dave Limp, the senior vice president of devices and services at Amazon, will replace Bob Smith as the CEO of Blue Origin, Jeff Bezos' space tourism and rocket company.
Palantir's stock is rising after securing a $250 million contract with the U.S. Department of Defense to conduct research and development in machine learning and AI, with completion set for September 2026.
JPMorgan agrees to pay $75 million to settle allegations that it facilitated Jeffrey Epstein's human trafficking operations, adding to the substantial costs incurred by the scandal that involved other prominent industry figures and banks, but with little long-term impact on Wall Street.
The strength of the US dollar and rising bond yields are causing gold prices to fall to their lowest level since March, with some analysts predicting that the bearish momentum could push prices down further to their 2023 lows at $1,810 in the spot market.
Meta has partnered with celebrities and influencers to transform them into AI-powered chatbots with distinct personalities and profiles, including Snoop Dogg, Charli D’Amelio, Tom Brady, and Paris Hilton. These celebrity chatbots will be available on Instagram and Facebook, providing entertainment and connection, with voice capabilities expected in the future. Additionally, Meta has announced AI image-editing features for Instagram and new customized stickers across its platforms.