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BUSINESS NEWS
- Nearly 70 million kids now have a Trump Account—but parents have to claim it first. Here’s who gets the $1,000
by Fernanda Tronco on October 12, 2026 at 6:57 amThe Treasury auto-enrolled more than 60 million children, and $4.5 billion has flowed in since July. But the government’s seed money only goes to kids born from 2025 through 2028, and the new stock gifts come with strings attached.
- The IEA wants to empty its oil reserves faster. A federal watchdog says the US isn’t ready for what comes next
by Heather Occhino on October 12, 2026 at 6:55 amThe IEA is racing to finish its record 400 million-barrel release as diesel prices spike. Meanwhile, a federal watchdog warns the U.S. Strategic Petroleum Reserve is aging, shrinking, and operating without a target size.
- ‘If nothing is done, it’s almost inevitable’: Ukraine’s Yuriy Ryzhenkov on why steelmaking is on the brink of collapse as Russian bombing intensifies
by Kamal Ahmed on October 12, 2026 at 5:00 amAmid the flames and destruction, CEO of Metinvest says that this period of the war is as tough as anything the company has seen since Russia’s full-scale invasion of Ukraine more than four years ago.
- The movie about a Facebook whistleblower who leaked incriminating details disappoints, and ‘The Social Reckoning’ will likely lag ‘The Social Network’
by Lindsey Bahr, The Associated Press on October 11, 2026 at 10:57 pm“The Social Reckoning” earned an estimated $5.5 million from 2,606 North American theaters.
- Oil theft is on the rise in the heart of U.S. shale country—and it’s mostly carried out in targeted, organized heists
by Jason Ma on October 11, 2026 at 10:25 pmAccording to a Dallas Fed survey, 32% of executives who were impacted by oil theft said it had increased slightly over the last 12 months.
- The paradox at the core of the AI revolution: The faster we innovate, the slower we grow
by Ming Lu on October 11, 2026 at 10:00 pmFifty years of digital innovation delivered spectacular adoption and declining productivity. Will AI repeat that pattern?
- Trump and Marco Rubio are ‘extremely pissed off’ by U.S. Ambassador to Greece Kimberly Guilfoyle’s reported conduct and are considering firing her
by Matthew Lee, The Associated Press on October 11, 2026 at 8:51 pmThe Wall Street Journal has reported questionable conduct by Guilfoyle, including offering to use her influence inside the administration in return for the payment of a large credit card bill.
- Senators call on Trump to scrap diesel deal, saying U.S. ‘should not provide Putin with a financial lifeline’ while Russia kills Ukrainian civilians
by Kevin Freking, The Associated Press on October 11, 2026 at 8:41 pm“We were very clear that Russia is the aggressor. Russia is the one who can end this war by backing out of territory that they occupied.”
- Senior Iranian official threatens to attack cables, data centers, and AI facilities in the region if the war escalates sharply again
by The Associated Press on October 11, 2026 at 8:22 pmThe head of Iran’s Supreme National Security Council also said Tehran finds the latest response from the United States “insufficient.”
- How Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China
by Nicholas Gordon on October 5, 2026 at 8:22 pmWalmart China’s first native Chinese CEO is leaning on Sam’s Club, smaller portion sizes, and an ultrafast delivery network to drive growth in a strained consumer economy.