Is Costco Open On Veterans Day? Here's Why The Warehouse Is Operational During The Holiday
Some stores are closed on Veterans Day. Is Costco among them? Here's what you need to know about the retailer's holiday schedule.
Amazon Lays Off Nearly 700 Corporate Employees In New York City
Amazon is cutting nearly 700 corporate jobs in New York City as part of a major restructuring to streamline operations and reduce costs.
Chase Sapphire, Amex And More May Be Rejected By Merchants As Visa And Mastercard Strike Historic Deal
A new Visa–Mastercard settlement lets merchants reject premium rewards cards, cutting fees but potentially ending the perks consumers have come to expect.
SoftBank Offloads Nvidia Stake For $5.8B, Trims T-Mobile Holdings To Fund $22.5B OpenAI Investment
SoftBank is divesting assets, including Nvidia and T-Mobile shares, to fund its $22.5 billion investment in OpenAI, highlighting its shift towards AI focus.
Editor's Pick
ByHeart Baby Formula Under Scrutiny As FDA And CDC Investigate Botulism Cases
The FDA and CDC are investigating ByHeart baby formula after 15 infants in 12 states were sickened with botulism, prompting a nationwide recall.
Amgen's Repatha Drug Shows Significant Heart Health Benefits: Report
mgen's Repatha drug shows major heart health benefits, cutting first heart attack risk by 36% in a large clinical trial.
Warren Buffett Pens Final Shareholder Letter As Greg Abel Prepares To Take Over Berkshire Hathaway
Warren Buffett writes his final Berkshire Hathaway letter, confirming Greg Abel will take over as CEO while reflecting on his legacy and offering timeless advice.
Regions
Colombia Gives In To US Deportation Flights To Avoid $53.5B Trade War
Colombian President Petro blocked US deportation flights, prompting Trump's tariff threats, but after escalating tensions, Colombia agreed to accept the flights, avoiding a trade war.
US Seizes Record $15 Billion in Bitcoin From Global 'Pig Butchering' Scheme Linked to Chen Zhi
Seized US Canned Food Company Looks to China, North Korea as Russian Sales Crash
China Retaliates Against Canada With Hefty Tariffs On Key Exports
China imposes retaliatory tariffs on Canadian goods in response to Canada's trade restrictions on Chinese products.
Novo Nordisk CEO Faces Investigation After Senate Reveals Ozempic And Wegovy Cost Up To 13 Times More In The US
Novo Nordisk CEO Lars Fruergaard Jørgensen will face a Senate hearing over the high prices of weight loss drugs Wegovy and Ozempic in the US.
China Imposes Retaliatory Tariffs on US Imports, Launches Google Antitrust Probe
China Bans Taiwan’s Fruit and Seafood Imports, Igniting Trade Dispute
Deals
Funding
AI Startup Funding Surging Despite Sting of High Interest Rates
AI startups are riding a wave of fresh capital in 2025—even as the Federal Reserve keeps interest rates at multi-decade highs. Instead of slowing down, the sector is posting some of its boldest funding figures yet, fueled by surging demand for both AI infrastructure and specialized applications.
Cost Over Climate: Australians To Spend AU$80B On Energy Upgrades
On average, households plan to spend AU$7,500 on energy-efficient upgrades over the next five years, which could add up to more than AU$80 billion nationwide. About 50% of Australians want to make their homes eco-friendlier, driven mostly by a desire to reduce energy costs.
Australian Superannuation Funds Rethink US Bets Amid Dollar Volatility
"Like every other fund, we are questioning our exposure to the U.S. It would be fair to say that we've hit peak exposure and will be reducing over time," said John Pearce, chief investment officer of UniSuper, said.
Trump UK Trade Deal Pumps Crypto: $ETH Skyrockets, $BTC Hits $103K, $XRP Surges
President Trump has announced a trade agreement with a long-time ally, pumping crypto prices, including Bitcoin, which had been struggling to return to $100,000 in recent weeks.
People
Within 10 Years, Many Jobs Could Vanish, Warns DeepSeek Senior Researcher at a Chinese Conference
DeepSeek senior researcher Chen Deli has warned that AI could replace most human jobs within a decade, urging tech firms to act as "guardians of humanity" during his speech at the World Internet Conference in Wuzhen, China.
UK Pension Age Changes: Workers Warned They May Work Until 80
The UK Pension Age Changes debate intensifies: Experts warn workers may have to work until 80. The £15.5bn triple lock cost makes the system unsustainable.
UK Banks Slash Mortgage Rates Before Key Bank of England Vote — Analysts Predict Shock 0.25% Cut
Major UK lenders have cut mortgage rates ahead of the Bank of England's upcoming decision, igniting a competitive mortgage market just days before the MPC meeting.
