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Business

Keeping Social Security from going broke requires tax hikes that will hit younger Americans for 6 figures

Social Security marks its 90th anniversary on Thursday, and the longstanding safety program is facing projections of insolvency in less than a decade,...

Business

Miami sailboat crash survivor 'stared death in the face,' lawyer says

A 7-year-old survivor of the deadly Miami sailboat crash has been released from the hospital, and the lawyer representing her family says the child "s...

Business

Philips to invest over $150M in US manufacturing, research facilities

Philips is investing more than $150 million toward U.S. manufacturing and research and development with the goal of expanding the production of AI-pow...

Business

Amazon expands same-day delivery service to include perishable food items in over 1,000 cities

Amazon announced Wednesday it is expanding its same-day delivery service to include thousands of perishable food items, marking the retail giant's lat...

Business

'Godfather of AI' warns machines could soon outthink humans, calls for 'maternal instincts' to be built in

Geoffrey Hinton, one of the most prominent figures in the world of artificial intelligence, is sounding the alarm that machines could soon outthink hu...

Business

City-owned Missouri grocery store closes as Mamdani campaigns for some in New York

As New York City Democratic mayoral candidate Zohran Mamdani promotes the idea of city-run grocery stores, one city-owned market in Missouri closed it...

Business

Fed's current monetary policy stance is 'exactly where we want to be,' official says

A member of the Federal Reserve panel that makes decisions about monetary policy said that he favors keeping interest rates at their current level to...

Business

Kellogg's becomes first company to sign legally binding agreement removing toxic dyes from cereals

After months of investigation and negotiations, Texas Attorney General Ken Paxton announced Wednesday that WK Kellogg Co. "Kellogg’s" will permanently...

Business

Trump says Fed chair search down to ‘three or four’ candidates, with announcement coming ‘a little bit early'

President Donald Trump told reporters on Wednesday afternoon that he has narrowed down the list of potential successors to Federal Reserve Chairman Je...

Business

Treasury's Bessent says he doesn't support suspending monthly jobs reports

Treasury Secretary Scott Bessent on Wednesday said that he doesn't think the Bureau of Labor Statistics (BLS) needs to pause monthly jobs report relea...

Business

Bessent says Trump Fed appointments will 'change the narrative' on monetary policy direction

U.S. Treasury Secretary Scott Bessent didn’t shy away from talking about Federal Reserve politics and an ongoing fiscal power shift during a recent in...

Business

How Kodak went from film giant to facing financial peril

Kodak, once a titan in the film era, now risks fading into history as it faces the possibility of shutting down operations for good.The company experi...