Business

The head of the Office of the Comptroller of the Currency (OCC) declared Wednesday that his agency uncovered "irrefutable evidence that the nation's largest banks have denied, debanked and discriminated against customers and lawful businesses," including over political views.Comptroller of the Currency Jonathan Gould made the remark after the OCC said it investigated debanking activities at the nine largest banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. […]

Netflix is reportedly cutting about 1,000 jobs worldwide, representing roughly 6% of its workforce, its largest round of layoffs since 2022.The job cuts, first reported by The Wall Street Journal on Wednesday, come less than a week before the streaming giant is scheduled to release its third-quarter financial results on Oct. 20.The reductions will primarily affect Netflix's product, technology, legal and human resources departments, the Journal reported, citing an internal […]

Walmart will offer certain GLP-1 medications for Type 2 diabetes at no cost to eligible employees starting in 2027, part of a broader expansion of health benefits that includes more than 250 free prescription drugs.The nation's largest private employer is expanding prescription coverage under most of its medical plans, including certain insulin products and inhalers, according to an Oct. 13 letter to employees from Chief People Officer Donna Morris.The expanded […]

The Social Security Administration on Wednesday announced a 3.6% cost-of-living adjustment (COLA) for 2027.The COLA is determined using the consumer price index for urban wage earners and clerical workers (CPI-W) data for the third quarter of the year, including the months of July, August and September. It aims to ensure that the purchasing power of Social Security benefits isn't eroded by inflation.On average, the COLA will increase Social Security retirement […]

Inflation accelerated in September as the pace of consumer price growth trended higher due to elevated energy prices.The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – increased 0.6% on a monthly basis and is up 3.7% from a year ago.The monthly figure was in line with the estimates of […]

SaverLife on Tuesday announced the launch of a customized version of its financial wellness app designed to support skilled trades workers through a partnership with BlackRock.The app was funded by The BlackRock Foundation through its Future Builders initiative, which aims to support workforce development, and the SaverLife x BlackRock Future Builders app will provide customized tools to help thousands of skilled trade apprentices manage their debt, build credit and grow […]

Six Flags has temporarily closed multiple roller coasters at amusement parks across North America as a precaution following a fatal incident at Six Flags Over Georgia that left one person dead and others injured.The closures affect major attractions in California, New Jersey, Illinois, Ohio, North Carolina and Canada, with no reopening dates announced.The announcement came a day after a man was killed while riding the Goliath roller coaster at the […]

Elon Musk accused rival Waymo’s driverless cars of being "pet destroyers" as he touted a Tesla robotaxi update designed to spot animals in some of the toughest nighttime driving conditions.The Tesla CEO made the remarks during a Tesla Owners of Silicon Valley livestream Saturday as he discussed testing the company’s robotaxis before expanding into new cities."Maybe what a lot of people don't know is that Waymos are like pet destroyers," […]

IM8, a premium health and longevity brand co-founded by David Beckham, has been endorsed by one of the best basketball players in the world: Miami Heat’s Giannis Antetokounmpo. Now, the NBA is naming the fast-growing brand its official nutrition partner in Australia and Southeast Asia.The NBA and IM8, which is a wholly owned subsidiary of Prenetics Global Limited, a leading global health services company dedicated to advancing consumer health, announced on […]