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Honda recalls 259,000 vehicles due to dangerous brake pedal defect

Business

Honda recalls 259,000 vehicles due to dangerous brake pedal defect

Honda is recalling about 259,000 Honda and Acura vehicles due to a problem with a brake pedal defect that could potentially present a safety hazard. American Honda announced the recall impacting some Honda Pilot sedans from the model years 2023-2025, Acura MDA SUVs from the model years 2023-2025 and Acura TLX sedans from the model years 2021-2025 on Wednesday, saying their brake pedal assemblies have to get checked at a dealership. In […]

todayJune 18, 2025 3

Business

Federal Reserve leaves key interest rate unchanged for fourth straight meeting

The Federal Reserve on Wednesday said that it will leave its benchmark interest rate unchanged following its June monetary policy meeting as policymakers continue to monitor inflation and labor market data amid elevated economic uncertainty.The central bank's decision leaves the benchmark federal funds rate at a range of 4.25% to 4.5%.It comes after the Fed left rates at that level at its three prior meetings in January, March and May. […]

todayJune 18, 2025 5

Trump-backed ‘internet money’ could drive trillion-dollar market and strengthen the dollar

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Trump-backed ‘internet money’ could drive trillion-dollar market and strengthen the dollar

A revolution in the cryptocurrency world may soon go mainstream, as lawmakers move to formally regulate stablecoins, a digital currency designed to maintain a fixed value. "The internet is now colliding with the financial industry and the financial system," said Circle CEO and co-founder Jeremy Allaire on "Mornings with Maria" Wednesday. "There’s an opportunity to build very significant scaled platforms and utilities in the same way that we've seen those built […]

todayJune 18, 2025 4

General Mills latest US food giant pulling artificial dyes from products

Business

General Mills latest US food giant pulling artificial dyes from products

General Mills is the latest U.S. food giant pledging to remove FD&C artificial dyes from its portfolio of products within the next two years amid calls from the Trump administration to eliminate artificial colors from the nation's food supply.For its part, the Minnesota-based food giant said it plans to remove artificial colors from all its U.S. cereals and all K-12 school foods by the summer of 2026. It will simultaneously […]

todayJune 18, 2025 6

Pentagon pizza theory resurfaces during Israel-Iran conflict as social media tracks orders

Business

Pentagon pizza theory resurfaces during Israel-Iran conflict as social media tracks orders

A theory about the Pentagon and nearby pizza restaurant's busy-hours is making the rounds again amid the ongoing conflict between Israel and Iran. People have theorized that pizza joints near the Pentagon get significantly busier before geopolitical conflicts, with instances of that supposedly being predictors that something significant is about to unfold on the world stage. The theory has been around for decades but has more recently made its way to social […]

todayJune 18, 2025 6

New analysis projects Social Security’s COLA for 2026 will be higher than previous estimates

Business

New analysis projects Social Security’s COLA for 2026 will be higher than previous estimates

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 […]

todayJune 17, 2025 11

Senate passes landmark crypto legislation as banking chairman touts ‘historic day’

Business

Senate passes landmark crypto legislation as banking chairman touts ‘historic day’

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 […]

todayJune 17, 2025 3

Trump administration says blue-collar wages rising fastest in more than 50 years

Business

Trump administration says blue-collar wages rising fastest in more than 50 years

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 […]

todayJune 17, 2025 8

ExxonMobil CEO talks oil supply amid Iran-Israel conflict

Business

ExxonMobil CEO talks oil supply amid Iran-Israel conflict

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 […]

todayJune 17, 2025 6