NEW YORK — Tens of millions of older Americans will see an increase in benefits this January when a new cost-of-living adjustment is added to Social Security payments. The 2.5% raise is intended to help meet higher prices for food, fuel, and other goods and services. The average recipient will see an increase of about … Read more
NEW YORK — Thousands of flights in and out of the U.S. have been canceled this week as Hurricane Milton barreled into the Gulf of Mexico and plowed across Florida — causing many airports in the storm’s path to close their doors. And airlines across the country grounded flights as a result. There were more … Read more
Dozens of tornadoes spawned by Hurricane Milton caught many Floridians by surprise as they braced for heavy rain, strong winds and especially storm surges. Violent twisters were seen crossing highways, ripping off roofs and downing trees and power lines. There have been 38 preliminary eyewitness reports of tornadoes since Wednesday night, according to the National … Read more
SPRUCE PINE, N.C. — One of the two companies that manufacture high-purity quartz used for making semiconductors and other high-tech products from mines in a western North Carolina community severely damaged by Hurricane Helene is operating again. Sibelco announced on Thursday that production has restarted at its mining and processing operations in Spruce Pine, located … Read more
ORLANDO, Fla. — Florida theme parks including Walt Disney World, Universal Orlando and SeaWorld planned to reopen Friday after an assessment of the effects of Hurricane Milton. Disney World said in a statement that its theme parks, Disney Springs, and possibly other areas will be open. The parks said some Halloween special events won’t be … Read more
Two House GOP committee chairs have accused Federal Trade Commission Chairperson Lina Khan of overstepping the limit of her powers and wasting taxpayer dollars in the process. Judiciary Committee Chairman Jim Jordan (R-Ohio) and House Committee on Energy and Commerce Chairwoman Cathy McMorris Rodgers (R-Wash.) sent a letter to Khan Thursday saying they were investigating … Read more
Shares of former President Donald Trump’s media company hit their highest level in six weeks on Thursday and were last up about 16% as the stock extended recent gains. Truth Social parent Trump Media & Technology Group, which is 57% owned by the Republican presidential nominee running against Vice President Kamala Harris, is up roughly 45% for the … Read more
TD Bank became the largest bank in US history to plead guilty to violating a federal law aimed at preventing money laundering, and agreed to pay $3 billion in penalties to resolve the charges, government authorities said on Thursday. TD’s plea deal includes imposition of an asset cap and other limitations to its business, authorities said. The bank has pleaded guilty … Read more
WASHINGTON — TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution’s lax practices allowed significant money laundering over multiple years. Canada-based TD Bank pleaded guilty to conspiracy to commit money laundering, the largest bank in U.S. history to do so, Attorney General Merrick … Read more
Microsoft says its Outlook email service, the Teams teleconferencing app and the 365 subscription-based Office suite are all down. Downdetecor, a site that monitors online disruptions, shows that people began reporting the outages around 11 a.m. ET Thursday. The Washington state-based tech giant confirmed that it “identified a potential memory management issue which may be … Read more