In 2026, a growing number of companies are choosing to replace traditional merit‑based raises with standardized, across‑the‑board increases. A recent study from Payscale shows that the average raise for the year is 3.5%, roughly the same as last year. What’s shifting, however, is how that figure is applied. The approach—sometimes called “peanut butter style”—means every […]
Vice Chair Philip Jefferson addressed the public on Friday, offering a hawkish outlook on interest rates and a clear view of where the economy might head. He noted that the current benchmark rate sits within the neutral range—neither stimulating nor slowing growth—and emphasized that the Fed will continue to monitor data closely before considering further […]
While Cupid’s arrows capture the spotlight on Valentine’s Day, the real magic happens behind the scenes at a bustling cargo hub in South Florida. Miami International Airport is set to process nearly 990 million stems of cut flowers in the run‑up to February 14, according to U.S. Customs and Border Protection. About nine out of every ten […]
A private equity firm is taking the lead in a fresh funding round of more than $350 million for AI chip startup SambaNova Systems, marking a notable shift from its usual focus on enterprise software. The firm, working with a venture capital partner, is investing in the Series E round. Other backers include a major technology company […]
Friday’s market action gave the Dow a historic moment that few could have predicted: it crossed the 50,000‑point threshold for the first time in its 129‑year history, closing at 50,115.67 after a surge of 1,207 points, or 2.47%. The jump isn’t just a number on a screen. It signals that the long‑standing blue‑chip index has […]
The U.S. market burst back into life on Friday, with technology shares snapping back from earlier losses and Bitcoin pausing its slide. The S&P 500 surged 2%, marking its strongest day since May, while the Dow Jones leapt over 1,200 points and crossed the 50,000‑point threshold for the first time. The Nasdaq composite also rallied, […]
Tesla is ramping up recruitment to support a bold new vision that could make it the largest U.S. manufacturer of solar energy components. The company’s leadership has announced plans to build 100 gigawatts of domestic solar production by the end of 2028—a target that would far exceed current U.S. capacity. Executives have been posting on […]
Apple is preparing to let users access AI chatbots from outside its own ecosystem directly through CarPlay. This means drivers will soon be able to talk to services like ChatGPT or Gemini while keeping their hands on the wheel. The move marks a notable shift. Until now, CarPlay has only supported Apple’s own Siri for […]
Federal authorities are delving deeper into the streaming giant’s plan to acquire Warner Discovery’s studios and streaming arm. The investigation follows the company’s proposal to pay $82.7 billion for the media conglomerate, a move that could reshape the entertainment landscape. In a civil subpoena, the agency asked another major entertainment company to detail any exclusionary practices […]
Defense companies are bracing for a list that could limit their ability to buy back shares or pay dividends. The Pentagon is expected to release the names of contractors that might face restrictions as soon as Friday, following a presidential executive order that ties shareholder payouts to weapons delivery schedules. The order, issued by the […]
