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Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as advisor
Source: CNBC
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The Guardian
Oil prices fall as Trump pauses Iran attacks, China restarts fuel exports – business live
Brent crude prices fell on Friday as president Donald Trump promised not to attack Iran ahead of the US midterm elections in November Data storage firm Snowflake has said hack at Asos was not caused by a vulnerability or flaw with its platform. It comes after Asos’ investigation this week found an “unauthorised party gained access to an Asos employee account by impersonating a trusted contact to obtain log-in credentials”. Asos said the credentials were then used to access information on third-party platforms used by the company. We are aware of Asos’s notification to their customers regarding this incident. We can confirm this issue did not in any way result from a vulnerability, weakness, flaw, or misconfiguration with the Snowflake service, platform, or internal environments, and was not caused by Snowflake. No remediation is required for Snowflake customers. We continue to encourage
CNBC
Delta Air Lines cuts 2026 forecast on fuel surge, but CEO says demand is still strong
Delta Air Lines reported third-quarter earnings and missed Wall Street estimates for the first time in two years.
CNBC
How to navigate new tax rules in year-end planning, according to top-ranked advisors
Top-ranked advisors from CNBC's Financial Advisor 100 list for 2026 share tax planning strategies for 2026.
CNBC
Blockchain.com seeks U.S. approval for prediction markets, crypto derivatives trading
Blockchain.com is seeking CFTC designation and registration to offer U.S. event contracts and cryptocurrency derivatives.
The Guardian
Trump immigrant purge could cut social security for Americans by $2,000 a year
New report on economic cost of anti-immigration campaign projects 8.6% reduction in retirement payments by 2034 Elderly Americans can expect to lose an average of $2,152 in annual social security benefits each, a projected 8.6% reduction in their retirement payments, by 2034 and every year after as a direct consequence of the economic fallout from the Trump administration’s anti-immigration campaign , if that carries on, according to a new report shared exclusively with the Guardian. Already, US food prices are up, housing permits to build new homes are down – and even native-born Americans are losing out on potential jobs after the sudden exodus of 1.2 million foreign-born workers over the last two years as a result of Donald Trump’s policies, the report finds. Continue reading...
CNBC
Ferrari’s chairman is bullish on AI. He’s less certain how businesses will cash in
Ferrari chair John Elkann played down AI bubble fears, but acknowledged investment in the technology could outpace revenue generation.