Business News

Reaching retirement age and collecting Social Security benefits does not exempt workers from continuing to pay payroll taxes on earned income. Any person working in covered employment, regardless of age or benefit status, remains legally obligated to pay Social Security and Medicare payroll taxes. This is a reality facing many older Americans who claimed Social…

Charter Communications (CHTR) shares rocketed higher after reports emerged that the cable giant is in talks with SpaceX over a potential mobile telecommunications partnership. Bloomberg reported that Charter, the largest home internet provider in the United States, could route a portion of SpaceX’s mobile traffic through its terrestrial broadband network. Neither Charter nor SpaceX has…

The U.S. Federal Reserve has become increasingly difficult for Wall Street to forecast, with sharply divergent views emerging over where monetary policy is headed. Traders in rate futures are pricing in at least one Fed hike by early autumn and another next year, a notably aggressive outlook by recent standards. Some asset managers, however, expect…

The Supreme Court ruled Monday that President Donald Trump cannot remove Federal Reserve Governor Lisa Cook while her lawsuit challenging the dismissal moves through the courts. The 5-4 decision rejected Trump’s bid to stay a lower federal court ruling that had blocked Cook’s termination during the ongoing legal proceedings. Chief Justice John Roberts authored the…

Comcast (CMCSA) announced Monday it plans to split into two publicly traded companies by spinning off NBCUniversal and Sky after 15 years of joint ownership. The move will separate Comcast’s media and entertainment assets from its broadband and wireless business, marking one of the biggest corporate restructurings in recent media history. Comcast’s stock surged more…

The Bank for International Settlements has issued a stark warning that the AI investment frenzy could collapse into a “prolonged investment collapse” with severe consequences for global financial stability. Known as the “central bank of central banks,” the BIS delivered its warning through its annual economic report, released on June 28, 2026, targeting the current…

Beijing escalated its months-long pressure campaign against Tokyo on Monday, blacklisting four Japanese government defense research institutes and tightening export controls on dozens of additional entities. China’s Ministry of Commerce added 20 entities to its export control list, including the National Institute for Defense Studies and research centers covering ground, naval, and air systems. Several…

Crude oil prices moved higher and stock futures posted modest gains as military tensions between the United States and Iran continued to escalate with further airstrikes. Markets responded to the ongoing conflict with a cautious but upward bias, as investors weighed the potential impact on global energy supplies and trade routes. Oil prices are particularly…

Micron Technology (MU) has transformed from a money-losing chipmaker three years ago into one of the most profitable companies in the United States. The Boise, Idaho-based memory chip maker posted $41.46 billion in revenue, crushing Wall Street’s consensus estimate of $35.84 billion by a substantial margin. Micron also recorded $28.24 billion in net income, a…

After undergoing gallbladder surgery, one patient returned home only to receive a charitable donation request from the very hospital that treated them. The practice of nonprofit hospitals soliciting funds from their own patients has drawn renewed scrutiny from medical professionals and bioethicists across the country. Nonprofit hospitals frequently contract with market data firms to screen…