Business

A new analysis projects the Social Security Administration's (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected.The Senior Citizens League (TSCL) released its estimate for the 2026 COLA based on May inflation data and projected that it will be 2.5%, up from the prior month's estimate of 2.4% and the March estimate of 2.3%. That marks the fourth consecutive month the TSCL model showed a higher COLA […]

The Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act on Tuesday, after the landmark crypto legislation faced a number of hurdles before making it across the finish line in the upper chamber. One of the bill’s biggest advocates is Senate Banking Committee Chairman and former presidential candidate Tim Scott, R-S.C., who led the bill through his committee with Democrat support. Scott said the GENIUS Act "is the first […]

The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump's term began in January.Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7% in the past five months.That gain represents the largest increase in pay for blue-collar workers under any administration dating back to […]

ExxonMobil CEO Darren Woods said there is sufficient supply in the global oil market to withstand any supply disruption to Iranian exports."There's enough spare capacity in the system today to accommodate any Iranian oil that comes off the market," Woods told Fox News' Bret Baier on "Special Report," adding that "The bigger issue will be if infrastructure for exports or the shipping past the Strait of Hormuz is impacted." Woods was […]

How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common.PYMNTS found just 40% of American consumers are "planners," meaning their strategy for money had more foresight. That figure has gone down compared to the roughly half who tackled their personal finances that way in February of last year, according to the outlet. Meanwhile, for 60% of consumers, financial matters are dealt […]

On the fifth day of Israel and Iran exchanging strikes, the conflict appears to be on the brink of further escalation as Israel targets Iran’s nuclear infrastructure and questions mount over possible U.S. involvement.Retired four-star Gen. Jack Keane believes that there is an opportunity for the Iranian regime to "be taken off the table," telling "Mornings with Maria" host Maria Bartiromo that he thinks the move "is the right thing […]

A popular American grocery store chain’s retail footprint will grow this year and beyond, thanks in part to customer demand. Wegmans Food Markets has a location opening in Rockville, Maryland next week and another launching in Norwalk, Connecticut in July. The store in Norwalk, scheduled to debut July 23, will mark Wegmans’ first location in the Constitution State, according to the company. Once those locations officially go live, they will bring the total […]

JetBlue is implementing a slew of cost-cutting measures, including axing some flights, as economic uncertainty has lowered consumer confidence and subsequently dampened consumer demand. CEO Joanna Geraghty told staff in an internal note on Monday that it's "unlikely" that the company will reach a break-even operating margin in fiscal 2025 after years of financial strain."We’re hopeful demand and bookings will rebound, but even a recovery won’t fully offset the ground we've […]

Kraft Heinz announced on Tuesday that it will remove all FD&C artificial dyes from its U.S. portfolio by the end of 2027 amid pressure from the Trump administration to phase out artificial colors from the nation's food supply.Kraft, one of the largest food and drink manufacturers in North America, also said it would not launch any new products in the U.S. with artificial colors, effective immediately. Kraft Heinz said it […]