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New Social Security COLA estimates released after fresh inflation data22:27 Social Security 2027 COLA estimates range from 3.2% to 3.6% after July CPI inflation data showed consumer prices rose 3.4% from a year ago. Tesla files plans for proposed $10.1B Texas solar manufacturing plant21:23 Tesla, led by Elon Musk, is looking to build a massive solar panel factory just outside Houston, Texas, according to documents filed with the state. Home Depot CEO takes medical leave of absence20:19 Home Depot said it expects President and CEO Ted Decker to return within the next few months as senior leaders take on temporary responsibilities. Novo Nordisk CEO sees ‘long runway’ for weight-loss drugs as obesity grips America18:11 Novo Nordisk CEO argues weight loss drugs could slash health care costs and boost productivity as GLP-1 adoption remains in its early innings. Slowing labor market creates new hurdle for first-time homebuyers facing affordability squeeze17:39 High mortgage rates and a weakening labor market are squeezing first-time homebuyers who struggle to save for down payments as wages fail to keep pace with inflation. Bob Iger, Josh Kushner shockingly purchase Lakers months after Mark Walter became majority owner17:07 Media executives Bob Iger and Joshua Kushner have pulled off a stunner, purchasing the Los Angeles Lakers for a record price of over $12 billion Inflation cooled in July but remained elevated as Fed weighs rate hikes14:58 The Labor Department released the consumer price index (CPI) for July which showed that inflation cooled, even as the pace of price growth remained elevated. Bank of America unveils $250B initiative to modernize US infrastructure11:10 Bank of America is launching a $250 billion initiative to finance US data centers, energy, semiconductors, transportation and other critical infrastructure Meta, other companies must face thousands of lawsuits over child social media addiction, appeals court rules7:27 An appeals court ruled more than 3,000 lawsuits against Meta, Google, TikTok and Snapchat over addictive design claims targeting youth can proceed. Toyota recalls 655K Camrys globally over display defect that can knock out safety indicators5:52 Toyota recalled about 655,000 Camry vehicles globally over a display error that may deactivate turn signals and hazard lights. Cult-favorite pizza chain uses surprising method to recreate NYC flavor nationwide3:08 The New York City-born pizza brand is expanding nationwide by focusing on quality, consistency and recreating its signature New York flavor. Domino's unveils new pizza in latest menu addition11.srpna Domino s is adding a new Detroit-style pizza made for one, giving customers their own customizable pizza with a choice of sauce and toppings. Major US airport getting new tech to prevent runway incidents11.srpna The FAA deployed new surface movement radar at Newark Liberty International Airport, replacing 30-year-old technology to track aircraft in all weather. Trump warns new Hochul, Mamdani pied-à-terre tax could accelerate NYC wealth exodus11.srpna President Donald Trump is weighing potential federal action over New York City’s luxury second-home surcharge as the policy faces a legal battle and scrutiny |
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