Business

The Trump administration imposed new sanctions Wednesday targeting a North Korean government-run scheme that the Treasury Department says uses fraudulent identities to place IT workers inside legitimate U.S. companies and funnel their earnings toward Pyongyang’s weapons of mass destruction and ballistic missile programs. Ten individuals and one entity accused of…

Alphabet and Microsoft reported surging demand for artificial intelligence in their quarterly earnings Wednesday, and the technology giants continue pouring billions of dollars into the infrastructure needed to support the growing industry. Google parent Alphabet expects capital expenditures to increase significantly in 2027 after projecting between $195 billion and $205…

This story will be updated with further details from the Fed’s October 2026 interest rate decision. The Federal Reserve on Wednesday held its benchmark interest rate steady amid elevated inflation as policymakers opted to wait for additional economic data after hiking rates in September.Fed policymakers voted 10-2 to leave the federal…