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Business
US Mint Sells Dollar Coins With Trump Portrait
The US Mint began selling gold-colored dollar coins featuring President Donald Trump's likeness on Wednesday. About 9 million coins enter circulation at prices ranging from $1.55 to $2.44 each.
Latest in Business
Uber Cuts 3,300 Jobs to Fund Robotaxi Growth
Uber eliminates 3,300 positions to reduce management layers and invest in key divisions. The restructuring targets $2 billion in annual savings to fund robotaxi development.
Linqto Founder Sarris Charged With Defrauding Investors
William Sarris was arrested and charged with fraud for allegedly stealing over $450 million from 13,000 customers. The scheme involved manipulating private stock prices before his company filed for bankruptcy.
Goolsbee Warns Data Centers Risk Broader Inflation
Federal Reserve Bank of Chicago President Austan Goolsbee stated rapid data center expansion risks spreading inflation. He noted resource competition could tighten monetary policy before the September FOMC meeting.
Veritas Agrees to Buy Bodycote for 1.84 Billion Pounds
US firm Veritas agreed to acquire UK heat treatment company Bodycote for 1.84 billion pounds including debt. The deal ends Bodycote's public listing on the London Stock Exchange dating back to 1972.
FTC, States Sue Amazon For Ad Auction Prices
The FTC and 22 state attorneys general filed a lawsuit alleging Amazon overcharged 1.2 million advertisers since 2019. The complaint seeks recovery of more than $20 billion in allegedly inflated auction fees.
U.S. Job Openings Rise to 7.27 Million in July
The Labor Department reported U.S. job openings increased to 7.27 million in July while gross hiring fell. Economists cite geopolitical conflict and high borrowing costs as drivers of the cautious labor market.
EY Allocates $100 Million for U.S. Staff Human Skills
EY plans to spend $100 million rewarding U.S. employees who develop human skills and experiment with technology. Individual awards reach $25,000 as firms address retention issues.
Bilt Cardholders Get Mistaken Debt Notices After Vought Testimony
Bilt cardholders received mistaken debt collection notices two weeks after Russell Vought testified the firm resolved its issues.
Los Angeles County Sues State Farm Over 2025 Wildfire Claims
Los Angeles County filed a lawsuit against State Farm alleging unfair practices in handling 2025 wildfire claims, seeking restitution for policyholders while the insurer reports paying $6.2 billion so far.
Tim Cook Becomes Apple Executive Chairman
Tim Cook stepped down as CEO and became executive chairman on September 1, 2026. John Ternus succeeded Cook while the former manages government relations.
Aon Agrees to Buy USI Insurance Services from KKR for $17 Billion
Aon agreed to acquire USI Insurance Services from KKR for approximately $17 billion in cash. The deal is expected to close in the fourth quarter of 2026 subject to regulatory approvals.
$100,000 HELOC Payment Rises as Rates Climb
Monthly payments for a $100,000 HELOC increased as average rates rose from 7.11% in April to 8.09% in late August 2026.
Hochul Signs Data Center Moratorium for 2026
Gov. Kathy Hochul signed a one-year pause on data center construction starting July 2026. The order aims to assess energy needs while New York leads in tech job creation.
U.S. Approves World Liberty Financial Crypto Bank
The Office of the Comptroller of the Currency granted preliminary conditional approval to World Liberty Financial in August 2026. The bank will issue and safeguard the USD1 stablecoin, which has a $4 billion market capitalization.
Fed Chair Warsh Says Inflation Not Slowing Enough
Federal Reserve Chairman Kevin Warsh stated on Friday that underlying inflation is not moving to the target at sufficient speed.
Shein Sets Hong Kong IPO at $25 Billion Valuation
Shein Global Holdings Ltd. will list in Hong Kong on August 30, 2026, with a valuation of just over $25 billion. This figure is about one-quarter of its $100 billion value in 2022 as revenue growth has slowed.
Ohio Retailer Awaits Tariff Refund After Court Ruling
Marc Bowker has not received tariff reimbursements despite a Supreme Court ruling and a federal refund process. His distributor reports no funds while Bowker absorbed over $16,000 in costs.
U.S. Retailers Receive Tariff Refunds After Supreme Court Ruling
Major U.S. retailers received hundreds of millions in tariff refunds following a February Supreme Court decision. Home Depot secured $730 million while Target gained $994 million to lower prices or boost margins.
FDA Authorizes Juul2 E-Cigarette With Age-Verification App
The FDA granted Juul Labs permission to sell its updated Juul2 device with an optional age-verification app.
G20 Ministers Meet in Asheville as Helene Aid Lags
G20 finance ministers gather at the Grove Park Inn while residents report limited federal disaster aid. Local accounts detail ongoing infrastructure damage and delayed FEMA reimbursements following Hurricane Helene.
Shareholders Sue US Commerce Secretary Over Intel Stake
A shareholder lawsuit targets Commerce Secretary Howard Lutnick and Intel's board to reverse the government's equity position.
Trump Imposes 50% Tariff on $20 Billion in Canadian Goods
President Donald Trump invoked a dormant 1930 law to levy a 50% tax on $20 billion of Canadian imports. Canada responded with dollar-for-dollar retaliatory tariffs while no lawsuits have yet been filed.
Salesforce Shares Rise 22.6% on Revenue, Anthropic Gain
Salesforce shares rose 22.6% on August 27 after reporting $11.35 billion in revenue and a $2.6 billion investment gain. The company raised its full-year revenue guidance to a range of $46.1 billion to $46.4 billion.