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IRS raises business mileage deduction rate amid fuel price surge22:45 The IRS raised its standard business mileage deduction to 76 cents per mile amid surging gas prices linked to the Iran war s disruption of oil flows. General Mills pulls more than 735K Pillsbury rolls from shelves over possible glass contamination21:10 General Mills is recalling more than 735,000 Pillsbury bread rolls distributed across 19 states after the FDA said the products may contain glass. 7-Eleven details plans to close 645 stores20:06 Seven & i Holdings plans to close 200 unprofitable 7-Eleven stores while converting hundreds more to franchise locations and wholesale fuel sites. Mortgage rates jump to highest level in almost a year19:02 The average rate on a 30-year fixed mortgage rose this week to 6.55%, according to the latest Freddie Mac data released Thursday. That is up from last week s reading of 6.49%. American mall retailer warns it may close up to 15 more stores this year18:30 Fossil Group expects to close up to 15 stores in 2026 as the watch and accessories company cuts costs and shrinks its retail footprint. Dimon urges calm over fear about AI's impact on jobs: 'Stop being breathless over it'17:58 Jamie Dimon urged calm over AI job loss fears, saying JPMorgan Chase reskills and redeploys workers rather than cutting headcount as technology advances. Major US bank bets big on America's shipbuilding comeback with $24M investment12:37 JPMorgan Chase is investing $24 million in Philadelphia to build a submarine assembly plant and train thousands of workers for defense roles. BMW recalls nearly 30K vehicles over engine starter defect that could cause fire4:39 Nearly 30,000 BMW plug-in hybrid vehicles face a recall due to a fire risk from starter relay corrosion, with dealers replacing the part free of charge. Dave & Buster’s moves further into nightlife with nationwide rave series2:00 Dave & Buster’s is teaming with Brownies & Lemonade on a nationwide rave series, bringing surprise DJs and multi-genre dance music lineups to seven U.S. cities through December. Trump says US rebuilding military as Iran's IRGC loses 90% of weapons capability1:29 President Donald Trump said Iran s IRGC military capabilities have been sharply reduced while predicting lower U.S. oil prices and easing inflation. Tom Brady teams with digital health firm eMed to expand GLP-1 weight loss medication access23:53 NFL legend Tom Brady is partnering with eMed to tackle the obesity epidemic by making GLP-1 weight loss medications accessible through employer health benefits. California lawmakers warn Newsom budget tax credit cap threatens Hollywood jobs23:53 Gov. Gavin Newsom’s final budget is drawing pushback from California lawmakers who say a business tax credit cap could threaten entertainment jobs and send production elsewhere. Warren Buffett excludes Gates Foundation from his annual donations of Berkshire stock15.července The 95-year-old investor redirected nearly $6 billion in Berkshire Hathaway stock to his children s foundations after cutting Gates Foundation ties. Social Security recipients could see bigger cost-of-living adjustment in 2027, new forecast says15.července A 3.8% Social Security COLA for 2027 could raise average benefits by $73.62, but the larger adjustment may accelerate trust fund insolvency. |
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