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…

Nelson Peltz’s Trian Fund Management on Wednesday made an offer to buy Wendy’s for roughly $1.4 billion in a move that would make the fast-food chain a privately held company. Trian has been a long-term shareholder in Wendy’s, and Peltz’s hedge fund is leading a group that offered to buy…

Households around the country are facing financial stress amid persistent inflation, and retirees facing rising expenses need to ensure their income streams can cover costs. Americans derive their retirement income from a variety of sources, which can include personal retirement savings, such as through a 401(k) plan or IRA, as…

President Donald Trump said Tuesday that his administration is ending a Biden-era rule aimed at reducing methane emissions from oil and gas drilling. The president announced the move during a campaign rally in Lubbock, Texas, in support of Republican U.S. Senate candidate Ken Paxton, saying it would save consumers and…

Walmart shoppers in several states may want to check their pantries after more than 44,000 cans of Great Value fruit cocktail were recalled over potential lead contamination. Pacific Coast Producers is recalling 1,836 cases of Great Value Fruit Cocktail in Fruit Juice from Concentrate sold in 15-ounce cans, according to…