Business & Finance: what everyone agrees on, and where they don't

Bank of America reported third-quarter 2026 earnings that were significantly impacted by a $1.21 billion regulatory penalty and a miss in trading revenue. The bank's profit fell 17% to $6.93 billion (91 cents per share), compared to $8.3 billion in the previous year. The penalty, the third-largest in U.S. Treasury history, stems from widespread failures to report over $5 billion in suspicious activity related to money laundering and sanctions violations. While net interest income slightly exceeded expectations, overall revenue of $30.12 billion fell short of analyst estimates due to a $750 mil

The Social Security Administration announced a 3.6% cost-of-living adjustment (COLA) for 2027, the highest increase since 2023. Beginning in January, approximately 72 million Social Security beneficiaries will see an average monthly increase of $75. Supplemental Security Income (SSI) for 7.3 million recipients will also rise starting December 31, 2026. The adjustment is based on the Consumer Price Index and occurs as annual inflation was reported at 3.7% in September. While the increase aims to provide financial stability, Social Security continues to face long-term insolvency concerns, with a

U.S. District Judge Timothy Kelly had ruled that the three outlets targeted by President Donald Trump can keep their access to the White House complex.

CoreWeave’s bonds issued six months ago fell to 81 cents on the dollar earlier Wednesday, yielding more than 15%.

Shares of CoreWeave sank 15%, while yields in its bonds blew out further.

U.S. stocks slid as deepening inflation bolstered the case for another rate increase this year.

Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.

Berkshire's latest investment follows the $600 million it invested in the company's IPO this July.

Iran has escalated its strikes on commercial ships transiting Hormuz in recent weeks, as it tries to choke off a rebound in crude oil exports.

The recording device the FBI says was used to bug an OpenAI conference room isn't exactly state-of-the-art.

U.S. stocks were lower, with the Nasdaq bearing the brunt of the declines, as a hotter-than-expected September inflation report put a dampener on the mood in markets .

U.S. stocks were lower, with the Nasdaq bearing the brunt of the declines, as a hotter-than-expected September inflation report put a dampener on the mood in markets .