Sony announced it will raise prices for its PlayStation 5 lineup in the U.S. for the second time in less than a year, citing global economic pressures and rising component costs. The standard PS5 disc and digital editions will each increase by $100, while the more powerful PlayStation 5 Pro will see a $150 price hike. The company pointed to surging memory prices and supply constraints, … Continue reading Sony hikes PS5 prices by $150 citing ‘pressures’ in global economy

The Transportation Security Administration announced that its officers, who have been working without pay during a partial government shutdown, are expected to begin receiving paychecks as early as Monday. The move comes amid ongoing congressional negotiations over funding for the Department of Homeland Security and related agencies. Donald Trump said the executive branch would take action to ensure TSA workers are paid despite the funding impasse. The Department of Homeland … Continue reading TSA officers will start getting paychecks as early as Monday, DHS says

U.S. markets fell sharply on Friday, with the Dow Jones Industrial Average dropping into correction territory amid rising geopolitical tensions and energy supply concerns. The S&P 500 and Nasdaq Composite also declined, extending recent weekly losses across major indices. Oil prices surged, with Brent crude topping $110 per barrel following disruptions linked to the Strait of Hormuz, intensifying fears about global energy supplies. Market sentiment was further pressured by uncertainty over U.S. … Continue reading Dow tumbles almost 800 points and enters correction

The U.S. Postal Service will introduce its first-ever fuel surcharge of 8% on packages starting April 26, affecting Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select shipments, lasting until January 17, 2027. The move comes as diesel prices in the U.S. have surged to $5.37 per gallon, partly due to recent geopolitical tensions and oil price spikes. USPS says the surcharge is lower than … Continue reading US Postal Service to introduce 8% fuel surcharge on packages

U.S. stocks rose Wednesday as investors reacted to a proposed 15-point peace plan aimed at ending the Donald Trumpadministration’s war with Iran, though markets remained volatile after reports of a negative Iranian response. The S&P 500 gained 0.4%, the Nasdaq rose 0.7%, and the Dow jumped 305 points, while U.S. crude fell 1.4% to about $90 per barrel amid oil supply concerns. Pakistan has offered to mediate talks, … Continue reading Stocks rally, oil prices fall amid talk of Iran ceasefire

A Los Angeles jury found Meta Platforms and YouTube negligent in the design and operation of their platforms, awarding K.G.M., a former minor, $3 million in compensatory and punitive damages for social media-related harm. Meta was found 70% responsible and YouTube 30%, with the jury concluding the companies failed to warn users about the addictive nature of Instagram and YouTube. The trial is the first in a wave of lawsuits, representing over … Continue reading Jury finds Meta and YouTube negligent in landmark lawsuit on social media safety

Precious metals saw sharp swings Monday as hopes of easing tensions in the Iran conflict briefly boosted investor sentiment. Spot gold fell over 5% to $4,262.50 before recovering to $4,482, while futures dropped around 1.5% after an earlier 10% plunge, extending losses that have totaled roughly 25% since January’s record high. Silver, platinum, and palladium also plunged, with silver hitting a year-to-date low of $63.76 … Continue reading Gold and silver losses ease as Trump postpones Iran energy strikes

Cryptocurrency markets surged Monday after President Donald Trump announced a five-day pause on U.S. strikes against Iranian power plants, easing fears of a broader conflict. However, Iran’s Fars news agency denied that any talks had occurred, fueling market uncertainty. Bitcoin briefly climbed above $71,000, Ether, Solana, Dogecoin, and Chainlink all rose up to 5%, and gold rebounded to $4,440 per ounce, though gains partially reversed … Continue reading Bitcoin surges above $71,000 as Trump postpones Iran strikes

U.S. stocks jumped Monday after President Donald Trump announced a five-day postponement of military strikes on Iranian power plants, signaling a potential diplomatic opening. Iranian media framed the pause as a U.S. “backdown,” while Trump said Iran had contacted the U.S. to discuss a resolution. The news triggered sharp market reactions: the S&P 500 and Nasdaq futures initially rose about 3%, the Dow gained roughly … Continue reading U.S. stocks rise, oil prices fall after Trump backs off threat to hit Iran’s power grid

SoftBank Group plans an unprecedented $500 billion AI-focused data center campus in Piketon, Ohio, which CEO Masayoshi Son claims will be the largest construction project in the U.S. The facility, on a former uranium enrichment site, is designed to reach 10 gigawatts of power—enough to rival the world’s largest data centers—and will initially deliver 800 megawatts by early 2028 at a cost of $30–40 billion. … Continue reading SoftBank’s Son Says Ohio Data Center to Be $500 Billion Project

US financial markets fell sharply as the war with Iran intensified, sending oil prices higher and gold to its worst weekly performance in four decades. The Russell 2000 entered correction territory, down 10.3% from its January peak, while the Dow, S&P 500, and Nasdaq all posted multi-month lows, erasing six months of gains. Treasury yields surged, with the 10-year hitting 4.39%, as investors sold bonds … Continue reading Stocks, bonds and gold slump while Iran war rages

A federal jury in California found that Elon Musk misled Twitter shareholders with two tweets in May 2022, causing the company’s share price to drop ahead of his $44 billion acquisition. The class-action verdict could result in Musk paying roughly $2.6 billion in damages, though jurors concluded he did not “scheme” to defraud investors. The trial included Musk’s in-person testimony, and the lawsuit was filed on behalf … Continue reading US jury finds Elon Musk misled investors during Twitter purchase

The Federal Reserve voted 11-1 to hold its benchmark interest rate at 3.5%-3.75%, citing mixed economic signals, persistent inflation, and uncertainty from the war in Iran. Fed officials projected slightly faster economic growth and higher inflation for 2026, while signaling one possible rate cut this year and another in 2027, though timing remains uncertain. Rising oil prices and energy disruptions from the Middle East conflict … Continue reading Fed votes to hold rates steady, notes ‘uncertain’ impacts from Iran war

Job creation in the U.S. has effectively stalled, with Federal Reserve Chair Jerome Powell noting “zero net job creation” in the private sector over the past six months. Despite slightly higher economic growth projections, the Fed sees little change in the unemployment rate, which rose to 4.4% in February. Powell said the economy may not need as many new jobs due to low labor force … Continue reading Powell: Job creation is near zero

Hyundai Motor North America is halting sales of certain 2026 Palisade models and planning a recall of over 68,000 vehicles after a child died in a seat-related incident. The issue involves second- and third-row power seats that may not detect contact with a person or object when folding or sliding. The recall will cover 60,515 U.S.-produced vehicles and 7,967 in Canada, with repairs provided at … Continue reading Hyundai stops sales of some 2026 models and plans a recall after child’s death

Meta has signed a long-term deal to spend up to $27 billion on Dutch AI cloud provider Nebius, the company announced Monday. Over five years, Nebius will provide $12 billion in dedicated capacity, including deployments using Nvidia’s Vera Rubin AI chips, with Meta able to purchase up to $15 billion more in additional compute capacity. Nebius, founded in 2022 and listed in New York in … Continue reading Nebius jumps 14% after company inks $27 billion infrastructure deal with Meta

About 3,800 workers at the Swift Beef Co. plant in Greeley, Colorado, went on strike Monday, marking the first walkout at a U.S. beef slaughterhouse in four decades. Strikers, many carrying signs in English and Spanish, protested outside the JBS USA-owned facility, citing alleged retaliation and unfair labor practices during contract negotiations. Union officials said workers face dangerous conditions, insufficient pay, and high costs for … Continue reading 3,800 workers are on strike at one of the largest meatpacking plants in the US

The Bank of England announced that future British banknotes will replace historical figures with images of wildlife, removing figures such as Winston Churchill, Jane Austen, J. M. W. Turner, and Alan Turing. The monarch will remain on the front of the notes, while the reverse will feature native animal species chosen through a public consultation. The decision follows a 2025 survey in which about 60% … Continue reading Churchill scrapped from banknotes. Bank of England says ‘overdue’

The United Kingdom economy stalled in January, with GDP showing no growth, according to data from the Office for National Statistics. The slowdown came after weak growth at the end of 2025 and before the economic shock from the ongoing U.S.-Iran conflict. Rising oil and gas prices linked to the war are increasing inflation risks for the U.K., an energy importer, and pushing mortgage rates … Continue reading UK economy fails to grow in January

U.S. mortgage rates rose this week, with the average 30-year fixed rate increasing to 6.11%, according to Freddie Mac. The jump follows rising bond yields as investors worry about the economic effects of the conflict between the U.S., Israel, and Iran. The yield on the 10-year U.S. Treasury note climbed to 4.25%, pushing mortgage rates higher and threatening recent improvements in housing affordability. Donald Trump … Continue reading Mortgage rates climb to 6.11% as Iran war roils markets

Papa John’s International is considering a $1.5 billion buyout proposal from Irth Capital Management, which offered $47 per share, a 44% premium over the stock’s recent closing price. The stock jumped 15% to about $38.86 following news of the bid. Irth Capital, founded in 2024 and already holding roughly 10% of Papa John’s, is partnering with Brookfield Asset Management on the offer, which would be … Continue reading Papa John’s reportedly weighs $1.5B buyout offer

Cintas Corp. agreed to acquire rival UniFirst Corp. in a $5.5 billion cash-and-stock deal, ending a years-long pursuit of the uniform supplier. UniFirst shareholders will receive $155 in cash plus 0.7720 shares of Cintas stock per share, valuing each UniFirst share at $310. The transaction, expected to close in the second half of 2026, aims to help the combined company compete in the garment industry … Continue reading Cintas to Buy Uniform Supplier UniFirst in $5.5 Billion Deal

JPMorgan Chase is reducing its exposure to private credit by marking down loans held as collateral, mainly those lent to software firms. The move is a preemptive measure amid concerns that AI-driven disruptions could hurt borrowers and trigger turbulence in the private credit market. By lowering the collateral value, JPMorgan limits how much private credit firms can borrow, and in some cases may require additional … Continue reading JPMorgan Chase reins in lending to private credit firms after marking down software loans

Oracle shares surged 12% after the company reported strong third-quarter earnings and confirmed it will not raise additional debt in 2026 beyond previously announced plans. CEO Clayton Magouyrk highlighted Oracle’s AI infrastructure growth, noting $29 billion in new contracts and efficient data center delivery without negative cash flow. The company’s cloud revenue, including infrastructure and SaaS, rose 44% year-over-year to $8.9 billion. Despite skepticism over … Continue reading Oracle stock spikes 12%

Gold prices fell on Monday as a stronger U.S. dollar and rising Treasury yields made bullion less attractive, while higher energy costs fueled inflation concerns. Spot gold dropped 0.8% to $5,130.94 per ounce, and U.S. April gold futures declined 0.4% to $5,138.20. Crude oil surged above $110 per barrel amid the expanding U.S.-Israeli war with Iran, raising inflation risks and reducing expectations for near-term interest … Continue reading Gold prices fall as dollar firms, US rate-cut optimism fades