CBO report says US deficit to skyrocket in next decade
The Congressional Budget Office released its budget and economic outlook for the next 10 years and projects deficits rising from $1.6 trillion this year to over $2.6 trillion in 2034.
‘Likely’ source of recalled applesauce contamination found, FDA says
The Food and Drug Administration announced that Ecuadorian officials identified a processor that could have contaminated the recalled applesauce products.
Applesauce recall: FDA to brief lawmakers about intentional contamination suspicion
Lawmakers are calling on the Food and Drug Administration to send a detailed briefing regarding their suspicion that the recalled applesauce pouches were contaminated on purpose.
Elon Musk says first human patient received Neuralink brain implant and is recovering well
Elon Musk announced Monday that the first person to receive a Neuralink brain implant, which he said was called Telepathy, did so on Sunday and is recovering well.
Boeing 737 Max 9 grounding will cost Alaska Airlines $150M
Alaska Airlines said Thursday that it's taking a financial loss to the tune of $150 million because of the grounding of its Boeing 737 Max 9 fleet earlier this month.
NYC Mayor Eric Adams announces $2B medical debt bailout for up to 500K residents
New York City Mayor Eric Adams announced a plan to wipe out up to $2 billion in medical debt for hundreds of thousands of city residents during a press conference on Jan. 22, 2024.
Stamp prices going up this weekend
The U.S. Postal Service is once again saying inflation is the reason the cost to mail a letter is going up after recording $6.5 billion net loss for 2023.
Alaska Airlines CEO apologizes to passengers over Boeing 737 Max 9 incident
Alaska Airlines CEO issued an apology to customers who were on the flight that lost a door plug at 16,000 feet, forcing it to make an emergency landing back in Portland.
Diesel engine maker Cummins to pay record $1.675B emissions settlement
Diesel engine manufacturer Cummins has agreed to pay the largest-ever fine for violating the Clean Air Act, after the DOJ accused the company of "cheating" to avoid emissions testing.
Stuart Varney: Biden faces a vote of 'no confidence' in November
FOX Business' Stuart Varney says President Biden's move to end America's energy independence, the Afghan debacle and the border crisis are reasons America has lost confidence in his administration.
Iran accessed billions in recently unfrozen funds as Israel-Hamas war rages
A lesser-known transaction allowed $10 billion of revenue, for selling electricity to Iraq, to be transferred from an Iraqi bank to a financial institution in Oman.
SpaceX illegally fired workers critical of Elon Musk, US labor agency says
SpaceX on Wednesday was accused by a U.S. labor agency of unlawfully firing eight employees for circulating a letter calling founder and CEO Elon Musk a "distraction and embarrassment."
President of largest Christian university in US responds to FTC lawsuit
Brian Mueller, the president of Grand Canyon University, issued a response to the Federal Trade Commission suing the school this week for deceptive advertising.
Boeing, FAA urge operators to inspect 737 MAX jets for loose bolt
Boeing and the Federal Aviation Administration are calling for airlines operating the 737 MAX to inspect the aircraft for a possible loose bolt in the jet's rudder control system.
FTC sues largest Christian university in US for deceptive advertising
Biden's Federal Trade Commission on Friday filed a lawsuit against Grand Canyon University, alleging the school used deceptive advertising and illegal telemarketing practices.
SEC holds calls with spot bitcoin ETF hopefuls as possible approval nears
News of the calls has fueled speculation among some industry participants that the agency could be gearing up to approve applications before the end of the year, instead of January.
SEC could make crypto history in new year with first spot bitcoin ETF approval
About a dozen companies, including BlackRock and Fidelity, have applied for a spot bitcoin ETF, or one that is valued off the real-time price of the digital asset.
Apple halting sales of Series 9, Ultra 2 smartwatch over patent dispute
Apple announced Monday that it will pause sales of its Apple Watch Series 9 and Ultra 2 smartwatches amid a patent infringement dispute with medical technology firm Masimo.
Social Security Administration burdens seniors with push for clawbacks, lawmakers say
House lawmakers are demanding answers amid a report that Social Security benefits are overpaid to more than 2 million Americans annually, who are then contacted for repayment.
Biden administration snoops around big banks to assess climate risk plans for investments and loans
The Biden administration has conducted a "discovery review" of more than two dozen large banks with assets totalling over $100 billion to determine their plans to manage climate risk.