Business

Federal Reserve Governor Lisa Cook's attorney is challenging the impartiality of a White House committee investigating mortgage fraud allegations against her, raising concerns about the fairness of President Donald Trump's latest effort to remove her from the central bank.In an Oct. 13 letter reviewed by Reuters, attorney Abbe Lowell questioned the inclusion of National Economic Council Director Kevin Hassett on the three-member panel, saying Hassett had previously pressured Cook to […]

Sam’s Club announced Thursday it is rolling out its largest Thanksgiving meal offering to date, expanding holiday offerings while keeping the price under $10 per person.The Walmart-owned membership club said its 2026 Thanksgiving meal, designed for 16 people, includes 11 different offerings, including turkey, ham, mashed potatoes and macaroni and cheese.The meal grew from nine offerings last year, while Sam’s Club said the per-person price remains unchanged.The holiday offering comes […]

The Treasury Department is encouraging Americans to take newly minted President Donald Trump dollar coins to their favorite liberal coffee shops, issuing a challenge in a TikTok video posted Wednesday.U.S. Treasurer Brandon Beach urged Americans to pick up rolls of the coins at banks next month and use them to purchase coffee at businesses he described as liberal."This is the dollar coin. It will be in the banks next month," […]

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 […]