The prices businesses pay to each other took a sharp turn higher in January, new data showed Friday, indicating that more tariff-related price increases could be still to come. The Producer Price Index rose 0.5% last month, a pickup from December’s 0.4% rate, according to the latest data from the Bureau of Labor Statistics. The…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Feb. 27, 2026. Brendan McDermid | Reuters Stocks dropped on Friday after the latest producer price index data came in much hotter than expected, adding sticky inflation to a list of concerns that has caused market turbulence this…
For Immediate Release: February 26, 2026 The U.S. Food and Drug Administration today issued an approval for the lung cancer drug Hernexeos (zongertinib) as a part of the new Commissioner’s National Priority Voucher (CNPV) pilot program. The application was filed on January 13, 2026. In the clinical trial data submitted to the agency, a remarkable…
State Farm Mutual Automobile Insurance Company (State Farm Mutual) today announced it is paying $5 billion cash back to auto customers through a dividend, in addition to recent auto insurance rate reductions in many states already saving customers $4.6 billion annually. This summer, State Farm Mutual will begin making a one-time distribution to qualifying customers…
WASHINGTON (AP) — The U.S. is moving to sever a small Swiss bank from access to the U.S. financial system for its alleged support for Iranian and Russian actors, as U.S. and Iranian officials hold indirect talks Thursday in Geneva over Tehran’s nuclear negotiations. Treasury’s Financial Crimes Enforcement Network proposed a federal regulation Thursday that,…
A young woman who is battling against social media giants took the stand Thursday to testify about her experience using the platforms as she was growing up, saying she was on social media “all day long” as a child. The now 20-year-old, who has been identified in court documents as KGM, says her early use…
Global memory scarcity will cause a 13 percent drop in smartphone sales in 2026, according to IDC (via Bloomberg). DRAM is in short supply because AI companies are buying huge quantities of high-bandwidth memory (HBM) for servers in data centers, and manufacturers are prioritizing HBM instead of the memory used in consumer devices. IDC says…
In recent days, footage emerging from Tehran paints a harrowing image of destruction and trauma following a series of airstrikes attributed to U.S. and Israeli forces. The strikes have resulted in significant damage to infrastructure and civilian areas, underscoring the urgent need for dialogue and de-escalation in an increasingly fractious geopolitical landscape. As the region…
The escalating conflict between Israel and Iran, ignited by recent strikes from the United States and Israel, has sparked urgent calls for restraint and resolution from around the world. Amid tensions, Gulf nations are finding themselves at a delicate crossroads as retaliatory measures are enacted. This situation not only underscores the precariousness of regional stability…
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RAMageddon is wreaking havoc on smartphone shipments and prices. RAMageddon is wreaking havoc on smartphone shipments and prices. Feb 26, 2026, 9:22 PM UTC Emma Roth is a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. The smartphone industry…
As regional tensions escalate in the Middle East, heightened military actions between the U.S., Israel, and Iran have led to an unprecedented disruption in air travel and safety. This complex situation not only showcases the conflict’s immediate impacts on the involved nations but also sheds light on broader geopolitical dynamics that may reshape air travel…
In a striking display of resilience in the face of conflict, national emergency alerts interrupted a live broadcast on ZezapTV just before explosions echoed across Doha, Qatar. This incident highlights the ongoing tensions in the region, particularly with Iran’s missile targeting of U.S. interests, which were successfully intercepted, showcasing the advanced defense measures in place…
BANGKOK (AP) — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring to capitalize on its use of artificial intelligence. “The core thesis is simple. Intelligence tools have changed what it means…
In a significant escalation of military engagement, U.S. President Donald Trump announced that American forces have initiated extensive combat operations in Iran, collaborating with Israel to neutralize perceived threats from the Iranian regime. This move underscores a critical moment in geopolitical relations, highlighting the ongoing tensions in the Middle East and raising questions about the…
In the complex landscape of Middle Eastern geopolitics, a recent escalation has underscored the delicate balance of power in the region. Israel’s recent military strikes on Iran, labeled as “preventative” actions, coincide with critical diplomatic negotiations between Iran and the United States over Tehran’s nuclear program, highlighting the intricate interplay of military action and diplomacy….
Tensions have escalated in the Middle East once again as Israeli military operations intensify, particularly targeting locations associated with the Lebanese armed group Hezbollah. Amid frequent airstrikes and civilian harm, the fragile ceasefire established in November 2024 appears to be unraveling, raising concerns about regional stability and humanitarian impacts. Israeli airstrikes have targeted Blat and…
WASHINGTON – The U.S. Department of Labor’s Wage and Hour Division today announced a proposed rule designed to help workers and employers better understand how to determine when a worker is an employee and when the worker may be classified as an independent contractor under the Fair Labor Standards Act and related federal laws. The proposed rule would rescind the department’s…
Papa John’s plans to shutter 300 of its restaurants by the end of 2027 as the struggling pizza chain moves to cut costs and close underperforming locations. Chief Financial Officer Ravi Thanawala said in a fourth-quarter earnings call with Wall Street analysts that some of the restaurants slated to be closed are “not meeting brand…
LOS ANGELES (AP) — A young woman who is battling against social media giants took the stand Thursday to testify about her experience using the platforms as she was growing up, saying she was on social media “all day long” as a child. The now 20-year-old, who has been identified in court documents as KGM,…
Inside Block’s AI push that ended in pink slips Amazon CEO says many jobs we’ve ‘thrown human beings at’ for the last 20-30 years won’t need as many humans Block’s layoffs illustrate the market conundrum at the heart of the viral Citrini report Jack Dorsey says Block overhired during COVID, but to blame layoffs on…
In a pivotal moment for international diplomacy, Oman’s Foreign Minister has underscored substantial progress in the indirect talks between the United States and Iran, framing the discussions as a vital step towards comprehensive peace in the region. With a focus on cooperative dialogue, the developments signal a shifting landscape where collaborative diplomacy may supersede previous…
Topline Ford issued a recall Thursday for more than 4 million vehicles, including some of its top-selling F-series pickup trucks, over a software glitch that auto regulators said could increase the risk of a crash, marking one of the largest single-manufacturer recalls in recent years. Key Facts Ford’s recall involves roughly 4.3 million F-250, F-150,…
Walmart has agreed to pay $100 million to settle a lawsuit from the Federal Trade Commission (FTC) over deceptive pay practices within its Spark Driver service, which uses gig workers to deliver online orders from local stores to customers. The retailer was accused of misleading drivers about their potential base pay and tip amounts, and…
Cisco says hackers have been exploiting a bug in one of its popular networking products used by large enterprises for at least three years, prompting the U.S. government and its allies to urge organizations to take action. The bug, which has a maximum-rated vulnerability severity score of 10.0, allows hackers to remotely break into networks…
Warner Bros. Discovery CEO David Zaslav gave no indication of which way the company is leaning as it sizes up a sweetened buyout offer from Paramount against its planned merger with Netflix – but he defended the process that got the company to where it is now. “We made clear we were evaluating all paths…
The U.S. economy remains the envy of the world in many respects, at least in President Donald Trump’s telling. But its lofty position is threatened by, among other things, America’s own chronic inability to keep a balanced budget, and the administration’s trade policy is part of what’s holding it back from doing so. In his…
In recent weeks, the national discourse in the United States has intensified around the intersection of civil rights, religious freedom, and governmental authority. A notable example emerged involving a substantial indictment of protesters after a demonstration against heightened immigration enforcement efforts, reflecting growing tensions within communities impacted by these policies. As public outcry around the…
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The U.S. economy remains the envy of the world in many respects, at least in President Donald Trump’s telling. But its lofty position is threatened by, among other things, America’s own chronic inability to keep a balanced budget, and the administration’s trade policy is part of what’s holding it back from doing so. In his…
Burger King Burger King recently announced that its flagship burger, the Whopper, finally got a makeover for the first time in years. The sandwich, which comes with a flame-broiled patty, lettuce, tomatoes, onions, mayo, and ketchup, all on a sesame seed bun, has a few component upgrades along with some new packaging that will, in…
Paramount emerged as the victor in the months-long battle for Warner Bros. Discovery after Netflix backed out of the bidding war Thursday, leaving Paramount poised to acquire Warner’s vast media empire, including CNN. Netflix said it has “declined to raise its offer for Warner Bros.” after the Warner Bros. Discovery board determined that Paramount has…
The company will shrink by more than 4,000 jobs. The company will shrink by more than 4,000 jobs. Feb 26, 2026, 10:11 PM UTC Jay Peters is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly two years at Techmeme. Jack Dorsey’s Block, the financial tech company that…