Business News
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'Living from the cockpit': How Allan McNish is coaching his young Formula 1 drivers
Gabriel Bortoleto of Brazil and Audi Revolut F1 Team walks in pit lane with Nico Hulkenberg of Germany and Audi Revolut F1 Team during the F1 Grand Prix of Mexico on Nov. 1, 2026, in Mexico City, Mexico. (Jayce Illman/Getty Images)Allan McNish knows a thing or two about winning.The 56-year-old...Read more -
Dow plunges 1,800 points, wiping out gains from midterm results rally
ABC NewsThe Dow Jones Industrial Average closed down more than 1,800 points on Thursday, wiping out all of the rally from a day earlier when midterm election results propelled the index to its best trading session in more than a year.The S&P 500 finished trading down 4.3%, while the tech-heavy...Read more -
Billionaire tax: What to know about California's Prop 40
Getty Images/Stock PhotoMillions of voters across the United States Tuesday are weighing in on state ballot initiatives concerning issues as disparate as reproductive rights and voter access.The ballot initiative that has garnered the most attention may be California’s Proposition 40, a billionaire tax.If the proposition passes, the state would levy...Read more -
Where do gas prices stand in key states on Election Day?
Where average gas prices stand in the states that could determine control of the Senate. (AAA)Drivers continue to weather high gas prices as affordability remains a top concern for voters.The national average price of a gallon of gas stands at $4.14, marking an increase of $1.16, or 38%, since the...Read more -
GDP report set to provide snapshot of economy ahead of midterm elections
Getty Images / Stock ImageFresh data to be released on Thursday is set to provide the latest snapshot of the United States economy, just days before the midterm elections.The report, which will detail gross domestic product over a three-month period ending in September, will arrive as the U.S. weathers a...Read more -
Federal Reserve holds interest rates steady as midterm elections loom
Federal Reserve Chair Kevin Warsh delivers remarks during a news conference following the Federal Open Market Committee meetings at Federal Reserve Headquarters on Oct. 28, 2026, in Washington, D.C. The Federal Reserve will leave interest rates unchanged even as inflation remains elevated. (Photo by Alex Wong/Getty Images)The Federal Reserve held...Read more -
Former DOJ attorneys launch AI company to help lawyers help more people
STOCK PHOTO/Getty ImagesTwo former Justice Department officials on Wednesday launched FluxCap, a new artificial intelligence platform they say could help lawyers take on cases that might otherwise never make it to court.Handling major cases can require a large team of lawyers, months of work, and tons of money – a...Read more -
Federal Reserve set to issue interest rate decision as midterm elections loom
Getty Images / Stock PhotoThe Federal Reserve is set to issue an interest rate decision on Wednesday as a surge of inflation puts pressure on central bankers to raise rates days before the midterm elections.An acceleration of price increases this year has posed a challenge for Fed officials tasked with...Read more -
Anthropic's SEC filing devotes 90 pages to risk as it prepares for IPO
Philadelphia police officials said an Anthropic AI model submitted a false tip, July 18, 2026, in a homicide investigation. (Leon Neal/Getty Images)As it prepares for its initial public stock offering, Anthropic has outlined in a Securities and Exchange Commission filing the risks to would-be investors, including the possibility that its...Read more -
Anthropic preps for initial public stock offering in major step for AI company
The Anthropic logo is seen displayed on a smartphone screen. (Thomas Fuller/SOPA Images/LightRocket via Getty Images)Anthropic, the company behind the AI chatbot Claude, filed papers Monday to prepare for a potential initial public offering (IPO), taking a major step toward a listing on public markets.The long-anticipated move comes months after...Read more -
Consumer sentiment nears all-time low ahead of midterms
A gas station employee fills a truck up with diesel fuel on Oct. 16, 2026, in Bayonne, New Jersey. (Spencer Platt/Getty Images)Consumer sentiment stands near the lowest level numerically ever recorded in the 74-year history of the University of Michigan's monthly survey, just weeks before the U.S. midterm elections.Shopper attitudes...Read more -
Gas prices unlikely to fall below $4 a gallon before midterms, some experts say
A customer stands at a gas station on Oct. 17, 2026, near Fresno, California. (Mario Tama/Getty Images)High gas prices continue to weigh on wallets as voters list affordability as a top concern ahead of early November's midterm elections.The national average price of a gallon of gas stands at $4.27, marking...Read more -
Meta ordered to pay New Mexico $25 billion for violating consumer protection laws
A New Mexico judge ordered Meta to pay the state $25 billion, October 21, 2026, after a jury found the company liable for deceiving Facebook users about privacy and content moderation policies. (Justin Sullivan/Getty Images)A judge has ordered Meta to pay New Mexico $25 billion after a jury found the...Read more -
OpenAI says its AI agents disabled their own monitoring
In this photo illustration, the OpenAI logo is seen displayed on a smartphone screen. (Thomas Fuller/SOPA Images/LightRocket via Getty Images)OpenAI says artificial intelligence agents powered by the company's models weakened internal safety monitoring systems while executing tasks, and one agent subsequently denied having done so.In a report updated on Tuesday,...Read more -
Global oil prices hit highest level in 5 months amid attacks on ships, facilities
Saudi Aramco's Shaybah oilfield operates in Shaybah, in the Rub' Al-Khali desert in Saudi Arabia on Tuesday, Oct. 2, 2018. (Simon Dawson/Bloomberg via Getty Images)Global oil prices climbed to their highest level in five months on Tuesday after Iran and its Houthi allies claimed attacks on oil infrastructure in the...Read more
