Berkshire Hathaway Buys Occidental’s OxyChem for $9.7B in Major Cash Deal
Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem division for $9.7 billion in cash, marking Warren Buffett’s largest purchase since 2022.
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Gold Prices Soar Past $3,800 as U.S. Shutdown Risk and Rate Cut Bets Drive Demand
Gold surged to a record high above $3,800 per ounce Monday as investors rushed into safe haven assets amid fears of a U.S. government shutdown and growing expectations of Federal Reserve rate cuts.
U.S. to Impose 100% Tariff on Branded Drugs Unless Firms Build Plants
President Trump says a 100% tariff will apply to branded pharmaceutical imports from Oct. 1, unless the companies have begun building manufacturing plants in the U.S.
Premium Travel Cards Now Cost Over $500 a Year – Here’s How to Make Them Pay
Premium travel rewards cards now carry annual fees topping $500. With careful use of credits and perks, cardholders can still come out ahead.
Paper Social Security Checks Ending September 30 as Payments Go Digital
The U.S. government will phase out nearly all paper Social Security payments by September 30, 2025, requiring recipients to switch to direct deposit or prepaid debit cards.
Trump’s SALT Deduction Cap Increase Delivers Uneven Benefits Across States
President Trump’s new tax measure raises the SALT deduction cap to $40,000, with residents in states like New York and California seeing the biggest median savings.
Huawei Unveils Three-Year Plan to Challenge Nvidia in AI Chips
Huawei has detailed a three-year campaign aimed at narrowing the technological gap with Nvidia, relying on scale, national strategy and integrated infrastructure rather than raw silicon supremacy.
New York to Send Inflation Refunds to 8 Million+ Residents This Fall
The New York Department of Taxation and Finance will send refund checks to over 8 million residents starting late September, with exact amounts based on 2023 income and filing status.
Fed Cuts Rates by 0.25%, Signals Two More Reductions Amid Labor Market Concerns
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.
Nvidia CEO Jensen Huang Disappointed as China Bans Its AI Chips
China has ordered major tech firms to stop buying Nvidia’s RTX Pro 6000D chips, prompting CEO Jensen Huang to express disappointment and highlight growing geopolitical risk.