The Powerball jackpot is rapidly approaching $700 million after no winners emerged in the latest drawing, with the cash value estimated at $320.5 million, making it the third-largest prize in Powerball history.
The Electric Reliability Council of Texas (ERCOT) is asking Texans to conserve energy due to a high potential for the power grid to enter emergency operations as demand for electricity is expected to exceed capacity.
Amazon Prime Day, now called Prime Big Deal Days, will take place on October 10 and 11, offering exclusive deals on Amazon devices and other products for Prime members.
Illumina, a DNA sequencing company, has appointed Jacob Thaysen as its new CEO in an effort to recover from its dispute over the acquisition of Grail and its declining market value.
US home building declined in August, with housing starts dropping to the lowest level since June 2020 due to elevated mortgage rates and limited inventory, despite an increase in building permits.
Tyson Foods' closure of six poultry plants and subsequent layoffs of over 4,600 workers in Missouri, Indiana, Arkansas, and Virginia highlight the challenges faced by small communities dependent on large industrial employers.
Instacart prices its IPO at $30 a share, potentially opening higher than expected.
A Delta flight from Atlanta to Barcelona had to turn around when a passenger suffered diarrhea "all the way through the plane," causing it to be considered a "biohazard" and prompting a thorough cleaning before continuing the journey.
Generac is recalling around 64,000 portable generators in the US due to fire and burn risks, as the gas tanks in the generators could build up excessive pressure and expel fuel when opened.
Disney's ESPN is in talks with Amazon about a potential partnership for a new streaming service, with ESPN considering charging between $20 and $35 per month for the service.
Amazon is hiring 250,000 employees in the U.S. and increasing hourly pay for warehouse and delivery workers to manage the holiday rush, with wages ranging from $17 to $28 per hour and sign-on bonuses offered in some locations.
The California Department of Motor Vehicles has launched a pilot program allowing 1.5 million Californians to use their mobile driver's license as a form of identification at select stores and airports, with the aim of providing travelers with a convenient option for identity verification.
The Federal Reserve is expected to hold its benchmark lending rate steady while waiting for more data on the impact of previous rate hikes on the US economy, but there is still a possibility of another rate increase in the future.
Toyota is suspending operations at its Japanese assembly plants due to a technical glitch in its production system, causing a disruption in its supply chain, although the automaker does not believe it was a cyberattack.
Green Bay Dressed Beef has recalled over 58,000 pounds of ground beef products due to a possible E. coli contamination, with symptoms including vomiting and bloody diarrhea.
United Airlines flights have resumed after a nationwide ground stop caused by a computer issue, which was later resolved, delaying 211 flights.
Average mortgage rates have decreased for 15-year fixed, 30-year fixed, and 5/1 adjustable-rate mortgages, although they remain above 7%, and experts predict that the Federal Reserve will refrain from raising rates in its September meeting.
Peloton reported a wider-than-expected loss and a drop in new subscribers in its fourth fiscal quarter due to its recall of the Bike seat post and seasonal factors, causing shares to plummet; however, the company remains optimistic about its future and is implementing new strategies for growth.
Sunac, one of China's leading property developers, has filed for bankruptcy protection in the US after approving a debt restructuring worth nearly $10 billion, becoming the second major Chinese developer to seek such protection in the past month.
Mercedes-Benz has unveiled a concept car for its next generation CLA series, featuring a sleek design, futuristic interior, and an impressive range of over 450 miles thanks to technology from the Vision EQXX concept.
Shares of Chinese automaker BYD listed in China surged over 5% following a significant jump in first-half profit, driven by record deliveries and growth in the new energy vehicle business, with revenue increasing by 72.72% compared to the same period last year.
Elon Musk is considering charging all users of X, formerly known as Twitter, a monthly fee in order to combat bots, with a lower-tier pricing option than the existing cost for premium subscribers.
The U.S. national debt surpasses $33 trillion for the first time, driven by increased federal spending, tax cuts, stimulus programs, and decreased tax revenue, amid a standoff in Congress over a spending bill.
Novo Nordisk aims to persuade European governments to reimburse its obesity drug Wegovy for the most overweight individuals, according to CEO Lars Fruergaard Jorgensen, as the company seeks to expand in Europe by highlighting the medical and cost benefits of the treatment.
A cyberattack on Clorox's IT systems has disrupted production and is expected to cause product shortages and impact financial results until March 2024.
Most Asian stocks rose slightly as markets awaited key economic readings and a rally in Chinese shares extended amid speculation over more stimulus measures.
Two bears at an Alaska military base were caught on camera raiding a Krispy Kreme doughnut van, chomping on doughnut holes and other pastries for about 20 minutes before wandering off.
United Airlines experienced a nationwide ground stop due to technology issues, halting flights at their departure airports but allowing those already airborne to continue to their destination.
Target plans to hire nearly 100,000 employees for the holiday season and start offering discounts in October, as predictions suggest that sales growth during the crucial holiday period in the US could be half of last year's due to higher prices and concerns of a recession.
Nordstrom exceeds sales and earnings expectations but maintains caution for the future, as revenue is expected to decline and the company faces challenges in its turnaround efforts.
President Joe Biden, known for his support of unions, has thrown his full support behind the United Autoworkers in their strike against Stellantis, Ford, and General Motors, as he seeks to maintain the support of union workers in Rust Belt states crucial to his reelection in 2024.
The Federal Trade Commission's settlement agreement allowing Amgen's acquisition of Horizon Therapeutics to proceed may signal that other large pharmaceutical industry deals will face less regulatory scrutiny, potentially impacting pending acquisitions like Pfizer's purchase of Seagen.
The Federal Reserve's continued message of higher interest rates is expected to impact Treasury yields and the U.S. dollar, with the 10-year Treasury yield predicted to experience a slight increase and the U.S. dollar expected to edge higher.
Hundreds of flights were cancelled or delayed in the UK due to a technical problem with air traffic control systems, causing widespread disruption and likely to last for a few days, although it is not believed to be a cyberattack according to British Transport Minister Mark Harper.
U.S. business optimism in China has reached a record low according to an annual survey by the American Chamber of Commerce, signaling a potential end to days of outperformance.
Oil prices reached a new high for the year after Saudi Arabia and Russia agreed to extend output cuts, reinforcing efforts to support oil prices by the OPEC+ alliance.
The much-anticipated Fontainebleau Las Vegas hotel is set to open on December 13, 2023, offering 3,644 rooms and suites, a luxury spa, a fitness center, a shopping area, ample meeting space, a massive gaming area, multiple entertainment options, and a variety of dining concepts from renowned chefs and hospitality figures.
Marvell Technology is expected to report generally in-line earnings results, with a focus on its growing AI sales to offset weakness in traditional computing areas, while investors should also keep an eye on Advanced Micro Devices and Broadcom.
Gold prices rose on Monday, reaching their highest level in nearly two weeks, as the dollar weakened ahead of the U.S. inflation data, which could impact the Federal Reserve's interest rate decision.
The Biden administration is imposing export restrictions on Nvidia's AI computer chips to certain Middle Eastern countries due to concerns that the advanced technology may aid adversaries like China.
Tesla's stock is rising after an optimistic report from Morgan Stanley about Tesla's Dojo supercomputer, which could add about $500 billion in value to the company and potentially become a direct revenue generator.
Vietnam Airlines is set to purchase 50 Boeing 737 MAX aircraft worth $10 billion, which is expected to be signed during President Joe Biden's visit to Vietnam; this move is politically motivated and would replace their current fleet of Airbus A321s.
Cleveland Federal Reserve Bank President Loretta Mester believes that beating inflation will require one more interest-rate hike and then a temporary pause, stating that rate cuts may not begin in late 2024 as previously thought.
Labor Day is a great time to find discounts on office gear, including Steelcase office chairs, Apple AirPods, Sony headphones, Lenovo laptops, LG OLED TVs, and more.
Jelly maker J.M. Smucker is acquiring Twinkie owner Hostess Brands for $5.6 billion, in the latest big food deal driven by the need for growth as pandemic gains taper off.
FuelCell Energy reported a smaller loss than expected but experienced a 41% decline in revenue as module sales dropped.