In race to attract data centers, states forfeit hundreds of millions of dollars in tax revenue to tech companies
Amazon, Meta and Google are among the beneficiaries of state tax exemptions for data centers that help power AI. ...
Economy
Social Security retirement trust fund may be depleted in less than a decade, new trustees’ report finds
The Social Security Administration has updated its projections for how long the trust funds it relies on to help pay…
‘Tariff engineering’ is making a comeback as businesses employ creative ways to skirt higher duties
Global manufacturers are rethinking their products design, looking to tap into a lesser-known legal technique known as "tariff engineering" to…
Los Angeles Lakers owners sell majority stake in the team at $10 billion valuation
The Buss family has agreed to sell a majority stake of the Los Angeles Lakers to businessman Mark Walter. ...
Trump meets with national security team on Iran as U.S. prepares to evacuate citizens from Israel
U.S. President Donald Trump has called for Iran's "UNCONDITIONAL SURRENDER!" ...
Fed holds key rate steady, still sees two more cuts this year
The Federal Reserve on Wednesday released its decision on interest rates following its two-day meeting this week. ...
Reddit stock jumps after company rolls out new AI advertising tools
Reddit shares rallied after the company announced new AI advertising tools to help brands improve engagement. ...
JPMorgan Chase unveils new Sapphire Reserve card perks and $795 annual fee
JPMorgan, the biggest U.S. bank by assets, shook up the card industry with the launch of the Sapphire Reserve almost…
Investors see stagflation ahead but slow interest rate cuts, CNBC Fed survey finds
Respondents continue to forecast weaker growth and higher inflation than they did at the beginning of the year. ...