Business

The U.S. will face a recession if the Senate fails to pass President Donald Trump's One Big Beautiful Bill Act, Office of Budget and Management (OMB) Director Russell Vought warned Wednesday. "We'll have a recession," Vought said. "The economic storm clouds will be very dark. I think we'll have a 60% tax increase on the American people."Vought testified before the House Appropriations subcommittee on Wednesday. And while the White House's 2026 […]

The red, white and blue will be traveling 400 miles this weekend in Michigan, all thanks to Ricky Stenhouse Jr.The Hyak Motorsports racer will be representing Hulk Hogan's Real American Beer on his No. 47 Chevrolet on Sunday at Michigan International Speedway for the FireKeepers Casino 400, and his car will be American flag-themed."We didn't get the result we were after in Nashville, and that's frustrating for sure. But this team's […]

Amazon is investing $10 billion to create data centers in North Carolina aimed at expanding its artificial intelligence and cloud computing technology capabilities. The move, announced Wednesday, is its latest attempt to compete with rivals Google and Microsoft in the artificial intelligence space. It will also significantly boost its presence in the state, creating at least 500 new high-skilled jobs that range from data center engineers and network specialists, to engineering […]

Dollar General is luring in more higher-income households as shoppers tighten their spending amid growing concerns around the economy. CEO Todd Vasos told analysts during the company's first-quarter earnings call on Tuesday that new customers this year are shopping more often and spending more per visit compared with new customers last year. They are also allocating more of their spending to discretionary categories.   "We believe these behaviors suggest that we are […]

Costco has been testing checkout technology it hopes will speed up the checkout process, something members rank as one of their significant concerns with the warehouse retailer. CEO Ron Vachris said last week during the company’s third-quarter earnings call that Costco has "engaged in some ‘Scan & Go done by Costco’ kind of tests." The technology has "been extremely successful in moving people through the lines and expediting the transactions," according to […]

The Stanley Cup finals start Wednesday evening, pitting two billion-dollar teams — the Edmonton Oilers and the Florida Panthers — against each other in a best-of-seven series in a rematch of last year's finals, which the Panthers won in seven games. The Oilers and the Panthers are valued in the billions, with Forbes finding them to be the sixth and 24th most-valuable NHL teams, respectively. Edmonton heads into the Stanley Cup Final […]

President Donald Trump's "Big, Beautiful Bill" would cut taxes by $3.7 trillion while adding $2.4 trillion to the national debt, the Congressional Budget Office (CBO) says.The CBO released its report on Trump's bill on Wednesday. The report also estimates that it would create an additional 10.9 million people without health insurance under the bill, including 1.4 million who are in the country without legal status in state-funded programs.CBO's analysis of […]

Rideshare giants Uber and Lyft are racing to capture a new segment of riders: seniors. Both companies, in recent months, have been testing their own services tailored toward seniors that include added safety features, live phone support and simplified interfaces so it's easier to navigate.But on Wednesday, Uber, which still holds a significantly larger market share, expanded its version – dubbed Senior Accounts – nationwide, a month after launching its test […]

Investing in the next generation of artificial intelligence winners is getting more comprehensive with the launch of a new exchange-traded fund based on 30 stock picks from one of Wall Street’s top analysts.In what is likely the first of its kind, the IVES AI Revolution ETF mirrors the proprietary research of Dan Ives, the managing director and global head of technology research at Wedbush Securities."In 25 years covering tech, I've […]