Economy

Economy
Economy

HHS plans new FDA deputy commissioner roles for technology and drugs, sources say

The Department of Health and Human Services is preparing to expand the leadership structure at the Food and Drug Administration by creating two new deputy commissioner positions. According to sources familiar with the plan, these roles will focus specifically on drugs and technology, with the latter tasked with managing the complex intersection of healthcare and

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Economy

Musk’s SpaceX to build $100bn launch facility in Louisiana

Elon Musk is doubling down on his vision for interplanetary travel with the announcement that SpaceX will construct a massive new launch facility in Louisiana. The project, which carries a staggering price tag of 100 billion dollars, will be known as Starbase Louisiana. Spanning roughly 125,000 acres, this site is designed to become the largest

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Economy

Instagram head Adam Mosseri testifies in defense of Meta in child safety trial

Adam Mosseri, the head of Instagram, faced intense questioning in an Oakland courtroom on Tuesday as part of a sweeping trial against Meta. Attorneys representing California, Colorado, Kentucky, and New Jersey allege that Meta intentionally designed its platforms to hook children and harvest their data while concealing the psychological risks involved. Throughout his testimony, Mosseri

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Economy

Instagram head expected to testify in Meta trial

Adam Mosseri, the head of Instagram, is expected to take the witness stand on Tuesday in a high stakes federal trial in Oakland, California. The proceedings center on allegations from several state attorneys general who claim that Meta deliberately engineered its platforms, including Facebook and WhatsApp, to hook children and foster addiction. These officials argue

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Economy

Starbase Louisiana: SpaceX announces enormous $100 billion Starbase launch site

Louisiana is poised to become the epicenter of humanity’s journey into deep space following an announcement from SpaceX and Governor Jeff Landry regarding a staggering 100 billion dollar investment. Known as Starbase Louisiana, this massive manufacturing and launch complex will be situated in Vermilion Parish along the Gulf Coast. The project represents one of the

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Economy

LIVE: Louisiana lawmakers gather in Abbeville to announce SpaceX development near Pecan Island

Louisiana officials gathered in Abbeville on Tuesday morning to confirm what many had long suspected, announcing that SpaceX will establish a massive new launch site near Vermilion Bay. Governor Jeff Landry and other state leaders unveiled the ambitious project, which is slated to bring a staggering 100 billion dollar investment into the state. While Elon

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Economy

Here’s when the Social Security COLA update is expected to be released

Millions of retirees should mark October 14 on their calendars, as that is the date the Social Security Administration is expected to officially announce the cost-of-living adjustment for 2027. While the formal announcement is still weeks away, early projections suggest that beneficiaries could see a 3.4 percent increase in their monthly checks. This estimate comes

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Economy

United adds 10 new international destinations in massive 13-route global expansion

United Airlines is preparing for its most ambitious international growth spurt in company history, unveiling a massive expansion for the summer of 2027 that adds ten new global destinations and thirteen total routes. The Chicago-based carrier is leaning heavily into European travel, targeting leisure seekers who want to avoid traditional tourist traps in favor of

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Economy

Dick’s Sporting Goods misses expectations, cites ‘challenging’ footwear market

Dick’s Sporting Goods stumbled in its latest quarterly report, missing both revenue and earnings targets set by Wall Street. The company attributed the dip to a challenging environment within the athletic footwear and apparel market, sparking a sharp reaction from investors. Shares of the retailer tumbled roughly 15 percent in premarket trading on Tuesday after

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Economy

United Airlines adds 2027 flights spanning Sardinia to Okinawa. Here’s what it says about travel today

United Airlines is placing a massive bet on the evolving tastes of global travelers by announcing a sweeping expansion of its international flight map for 2027. From the beaches of Okinawa, Japan, to the scenic landscapes of Ljubljana, Slovenia, the carrier is moving beyond traditional tourism hubs like Rome and Tokyo. This strategic shift aims

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