Bank of America shares drop 7% after third-quarter revenue miss and regulatory penalty

Social Security Administration announces 3.6% cost-of-living adjustment for 2027

With a 3.6% COLA for 2027, Social Security retirement benefit checks will go up by $75 per month, on average, the agency said.

Consumer prices rose 3.7% annually in September as gas prices skyrocket

The consumer price index was expected to increase 0.6% in September on a monthly basis and 3.6% from a year ago, according to the Dow Jones consensus forecast.

Netflix is laying off roughly 6% of its workforce

‘Ugly’ jump in US inflation, driven by gasoline prices, in blow to Trump before midterm elections – business live

Rolling coverage of the latest economic and financial news, including the IMF meeting in Thailand and the IEA’s new oil market report Full story: US inflation rose to 3.7% in September Global financial system is failing developing countries, says Ed Miliband UK government borrowing costs are dropping this morning, which will please John Healey and the IMF alike! The yield, or interest rate, on UK 10-year bonds is down 3.5 basis points to 5.4%, while thirty-year bond yields are 3bps lower at 5.89%. Chancellor John Healey is expected to pay for all new giveaways in this month’s Budget — including a cost-of-living package — with higher taxes or spending cuts rather than more borrowing. People briefed on UK Budget preparations told the FT that the October 28 fiscal package would be “scorecard positive” in 2029-30, the final year of the parliament, meaning that all extra discretionary spendin

Driving test waits fall to two-year low - but still average 20 weeks

Learner drivers in September had to wait an average of 19.7 weeks, or around five months, for a practical test.

Trump's diesel dilemma — by the numbers

Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings.