Business

The U.S. national debt crossed another historic milestone on Wednesday as it topped $40 trillion for the first time in history amid persistent federal budget deficits that are causing the debt to soar higher. Data from the Treasury Department released on Wednesday showed that the gross national debt reached $40,047,425,768,420.22…

Amazon is preparing a roughly sixfold expansion of its Prime Air drone delivery network, targeting nearly 500 U.S. cities and towns by the end of 2026 as retailers and delivery companies race to make last-mile shipping faster and cheaper. The rollout would dramatically widen Prime Air’s footprint from 11 current…

Financial markets and investors are reacting to the rapidly growing U.S. national debt, which is approaching a record of $40 trillion, by requiring greater returns for those who invest in America’s debt obligations. Yields on U.S. Treasurys have been elevated recently, in part due to the growth in debt, with…

Costco will soon offer Medicare plans to certain members as part of a new, first-of-its-kind health insurance venture.  The warehouse giant has teamed up with SCAN Health Plan, one of the nation’s largest nonprofit Medicare Advantage plans focused on senior health care, the insurance company announced Tuesday. Under the partnership, the…