Business

The Supreme Court on Monday dealt a blow to President Donald Trump's effort to remove Federal Reserve Governor Lisa Cook, preserving long-standing protections that shield the central bank from political interference.The nation's highest court, in a 5-4 decision, rejected Trump's bid to remove Federal Reserve Gov. Lisa Cook while her legal challenge moves forward. The case centered on whether Trump had sufficient legal authority to fire Cook, a question with sweeping […]

A rare eight-sided Virginia mansion with a spooky reputation is looking for its next owner.The historic Octagon Mansion in Wytheville, Virginia, has hit the market for $295,000, offering buyers six bedrooms, roughly 5,000 square feet and more than 150 years of history — as well as a past tied to paranormal investigations and ghost-themed events, according to Realtor.com.Built in 1870, the home is one of the country's few remaining octagon […]

Cutting just one year from the Food and Drug Administration's drug review process could create more than $10 trillion in economic value while getting lifesaving medicines to patients faster, according to a new report calling for major FDA reforms.The report, The Multi-Trillion Dollar Opportunity in Reforming the FDA, published by the free-market policy group Unleash Prosperity, argues that lengthy effectiveness reviews, not safety testing, account for much of the agency's […]

Los Angeles officials have delayed implementation of a controversial plan to raise the minimum wage for hotel and airport workers to $30 an hour after the hospitality industry warned the mandate could result in layoffs, reduced hiring and increased automation.The measure, often referred to as the "Olympic Wage," was originally designed to increase wages to $30 an hour by 2028 as Los Angeles prepares to host the Summer Olympics. But city […]

Nearly one million bottles of heart and kidney medication have been recalled nationwide over the possibility of a "foreign substance," according to the U.S. Food and Drug Administration.California-based Amgen, Inc. voluntarily recalled at least 944,142 bottles of Corlanor and Sensipar tablets after "unexpected foreign matter" was found "in the reserve sample of one of the identified lots," the California state Board of Pharmacy said in an alert."The unexpected foreign matter was […]

A Nobel Prize-winning economist has warned that persistent predictions of artificial intelligence destroying the job market could become a self-fulfilling prophecy.Robert Shiller, who shared the 2013 Nobel Prize in economics for his work on asset prices, wrote a guest essay on Monday in The New York Times that argued the panic over AI is not a new sociological phenomenon.In fact, he wrote, humans have been worried that new technology could […]

The Golden State Warriors will have a new company patch on their jerseys, and it will set a new precedent in the sponsorship deal space.IREN, an Australian-founded vertically integrated AI cloud provider, will have its brand on the jerseys beginning with the 2026-27 season after a deal reportedly worth more than $50 million a year.The financial terms, first reported by Sportico, make it the largest sponsorship deal in North American […]

Ryanair will "reluctantly" allow parents to sit with their children for free after an investigation into the practice was opened, bringing the airline in line with European industry standards.Previously, Europe's largest airline by passenger numbers charged a fee—typically $10.70 each way per adult—to allow up to four children aged 2 to 11 to sit next to an accompanying adult. Moving forward, families who do not pay to reserve seats will […]

Polestar said on Thursday that the Trump administration is forcing the electric vehicle maker to stop selling vehicles in the U.S. starting with the 2027 model year under a new regulation cracking down on China-linked automakers.The Commerce Department's Bureau of Industry and Security (BIS) declined to grant Polestar authorization to sell cars under the Connected Vehicles Rules, which restricts the importation and sale of cars with connected vehicle technology linked […]