Business

The Federal Reserve Board announced an enforcement action against American Express Company over the firm's failure to sufficiently detect and report certain suspicious activity tied to money laundering — the latest in a widening crackdown on the banking giants that spent years treating compliance as an afterthought.

American economists Robert E. Hall and Michael Woodford received the Nobel Memorial Prize in Economic Sciences for research that underpins how central banks and governments respond to economic shocks — the same toolkit that shapes every interest rate decision affecting your mortgage, savings, and job.

The IMF raised its 2026 global growth forecast to 3.1% on the back of the AI investment boom, but warned that resilience is being tested by energy constraints, record government borrowing and the specter of an AI share-price crash.

France opens debate on its 2027 budget as soaring deficits, rising debt and student protests put lawmakers under mounting pressure, CNBC reports.

The Philippine central bank is war-gaming a monster El Niño on top of a Middle East oil shock, as inflation hits a three-year high and the IMF slashes the country's growth outlook.

Sen. Ashley Moody tells Fox News Digital that democratic socialist policies and government overreach threaten Florida's free-market economy as she faces DSA-backed state Rep. Angie Nixon in the November Senate race.

Starbucks ended days of frenzied speculation on Monday, flatly denying it is pursuing a takeover of Chipotle after a Financial Times report claimed the coffee giant had hired advisers to explore a deal.

A North Carolina man sentenced to 18 months in prison for running an AI-powered streaming fraud that generated 80.9 million fake YouTube Music streams in a single month — nearly nine times Taylor Swift's entire catalog.

Federal banking agencies released feedback letters tied to resolution plans for 15 major banking organizations, offering the public its first look at how regulators judge the 'living wills' that are supposed to protect the financial system from the next collapse.

Palm Beach County is shedding its reputation as a retirement haven and becoming a hub for tech giants and Wall Street executives, according to a luxury real estate expert who says the region has 'tons of room to grow.'

The U.S. trade deficit jumped 13.7% in August to $105.6 billion, the widest gap since the White House began imposing sweeping tariffs last year — and the legacy media is already writing Trump's political obituary three weeks before the midterms.