Business News

SOPA Images/LightRocket via Getty Images (NEW YORK) -- A group of cybercriminals hacked into data systems at insurance company Aflac, possibly gaining access to sensitive information such as Social Security numbers and health reports, the company said on Friday.Aflac, which boasts millions of customers, “identified suspicious activity” and “stopped the intrusion within hours,” the company said.The company attributed the attack to a “sophisticated cybercrime group” but did not identify the […]

(NEW YORK) -- The Senate voted 68-30 late Tuesday to pass the GENIUS Act, a bill that aims to regulate some cryptocurrencies.The bill faced some Democratic opposition over President Donald Trump’s cryptocurrency ventures, but it ultimately garnered support from 18 Democrats, including Sens. Cory Booker, D-N.J., and Adam Schiff, D-Calif.The industry-backed measure establishes rules targeting stablecoins, a type of cryptocurrency pegged to the value of another asset, often the U.S. […]

(WASHINGTON) -- The Federal Reserve on Wednesday will issue a new decision on the level of its benchmark interest rate, testing a wait-and-see approach adopted by the central bank in recent months as it observes potential effects of President Donald Trump's tariff policy.The posture of restraint at the Fed has elicited sharp and repeated criticism from Trump, who instead wants the central bank to cut interest rates in an effort […]

(NEW YORK) -- Oil prices fell and stocks closed higher on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average closed up 317 points, or 0.7%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries.The S&P 500 climbed 0.9% on Monday, while the tech-heavy Nasdaq jumped 1.5%. In each case, the gains erased nearly […]

(NEW YORK) -- The Trump Organization on Monday announced a mobile phone service and a Trump-branded smartphone, extending the family real estate company into the vast U.S. telecom market.The announcement arrives exactly 10 years after the launch of President Donald Trump's first presidential campaign, and it features a monthly mobile plan priced at $47.45, an apparent reference to Trump's résumé as the nation's 45th and 47th president."I'm incredibly excited to […]

(NEW YORK) -- Oil prices fell and stocks climbed in early trading on Monday, indicating optimism among investors about the limits of economic fallout from the ongoing Israel-Iran conflict.The Dow Jones Industrial Average surged 415 points, or 1%, erasing much of the losses suffered on Friday as back-and-forth strikes broke out between the two countries.The S&P 500 climbed 1% early Monday, while the tech-heavy Nasdaq jumped 1.3%. In each case, the gains erased […]

(NEW YORK) -- Oil prices surged and stocks slumped on Friday morning in the immediate hours after Israel began an attack on Iran targeting nuclear sites and senior military officers.The strike stoked concern among investors about a possible wider conflict across the Middle East, which accounts for a large share of global oil production.The U.S. West Texas Intermediate futures price -- a key measure of U.S. oil prices -- surged more than 7% on […]

(WASHINGTON) -- The U.S. Consumer Price Index released on Wednesday showed May inflation ticking slightly higher, rising 2.4%, in line with expectations.The report amounted to the latest test for President Donald Trump's tariffs as some retailers and economists warn the policy will raise prices.So far, the economy has defied fears of price hikes, instead giving way to a cooldown of inflation over the months since Trump took office.Economists expect inflation […]

(LONDON) -- The Nintendo Switch 2 is off to a turbo-charged start, thanks to a little help from Mario and his friends in Mario Kart World, smashing its own sales record by becoming the fastest selling Nintendo game system ever with more than 3.5 million units sold in just four days.Nintendo sold an estimated 2.7 million units of the original Nintendo Switch in its first month when it launched in […]