BUSINESS

US mortgage rates hit 7.12% as ARM applications climb, offering lower initial payments but exposing borrowers to future rate resets

At Riverside Church in New York, Bernie Sanders warned AI could displace tens of millions of jobs and called for government oversight of Big Tech.

Elon Musk has renewed speculation about a possible Tesla and SpaceX merger, citing closer cooperation between the companies while stressing that no formal deal or timetable has been announced.

Gallup data show 15% of would-be migrants now pick the US, a record low. See where Canada, Japan, Germany, and Spain rank as visa rules tighten.

Howard Schultz has joined Ryan Clark's Pivot25 Productions as an investor and strategic partner, as the former ESPN analyst expands his independent media business following a Netflix deal.

WEF economists expect AI data-centre investment to boost growth, while warning of limited job creation, higher utility costs and local resistance

A record $4.4B entry threshold kept billionaires Taylor Swift, Beyoncé, LeBron James and Oprah Winfrey off the 2026 Forbes 400 list.

Costco openings were linked to property-value gains of up to 7.9% within five miles in some US counties, but research found no significant nationwide increase.

Apple's Apple Pay hiring listing names stablecoins and tokenized deposits as Samsung plans stablecoin Wallet features for select markets in 2026

Elon Musk joked about Berkshire Hathaway's Coca-Cola investment after its 400 million shares generated roughly £526 million in 2022, with annual dividend income projected to rise further.

AI image logs uncovered a pharmacy worker's $2,400 store-credit fraud after 27 refunds were processed without returned goods, prompting questions over workplace monitoring.

Warren Buffett ends his 56-year tenure as Berkshire Hathaway chairman. Howard Buffett takes the board role as Greg Abel remains CEO.

In-N-Out says its store managers earn over $200,000 a year on average, after more than 15 years' experience. California hourly staff start at $22-$23.

A $12.99 Sprite 12-pack goes viral as US name-brand soda prices rise 89% since 2020. Compare the inflation squeeze with UK grocery costs.

Starbucks agrees to end race- and sex-based employment goals in a Florida settlement covering US operations, paying $1M and accepting four years of reviews.

The FTC's revised Amazon Prime order raises the refund cap from $51 to $200 and makes future payments automatic, so millions who missed July's deadline could receive refunds without filing.

Ed Sheeran's agency is changing hands, so discover who runs THE·TEAM now, why big-name acts quit, and which investor ends up.