Finance News Update - Page 6

Stay informed with the latest finance news and economic updates. Fresh insights on markets, money trends, and financial events that matter to you.

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Early Bet on Voice AI: How a 30-Minute Meeting Led to a Stake in ElevenLabs’ Multibillion-Dollar Rise

The rapid ascent of voice-generation company ElevenLabs began with a brief conversation in 2022, when venture capitalist Carles Reina decided to finance the firm minutes after meeting its co-founder. Reina, then a venture partner at pre-seed investor Concept Ventures and a business lead at Palantir Technologies, encountered ElevenLabs co-founder Mati Staniszewski during routine discussions at […]

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Tropical Storm Melissa on track to reach Category 4 intensity and stall near Jamaica

Tropical Storm Melissa is forecast to strengthen rapidly into a powerful Category 4 hurricane by Sunday, posing a prolonged and dangerous threat to Jamaica, Haiti and the Dominican Republic. Late Friday, the center of Melissa was located about 215 miles southeast of Kingston, Jamaica, moving west at only 2 mph. The National Hurricane Center reported […]

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Officials: Trump Considering Putting His Name on White House Ballroom

President Donald Trump is expected to attach his name to a planned White House ballroom, according to a video segment released by ABC News Live. Citing unnamed officials, the report states that the president is “likely” to designate the venue in his own honor once current construction on the executive mansion is complete. The video, […]

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Deckers Shares Slide as Tariff-Related Guidance Cut Clouds Growth for Hoka and Ugg

Deckers Brands stock fell 15% in Friday trading after the footwear company reduced its long-term sales outlook for running-shoe label Hoka and boots label Ugg, the two businesses that have powered most of its recent revenue gains. Executives cited tariffs and resulting price increases as the main factors tempering consumer demand in the United States. […]

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Altria Extends 56-Year Streak of Dividend Growth, Lifts Quarterly Payout to $1.06

Altria Group, Inc. has increased its quarterly dividend for the 60th time in 56 years, underscoring the tobacco company’s long-standing commitment to returning cash to shareholders. The board approved a 3.9% raise, bringing the quarterly distribution to $1.06 per share. Based on the current share price, the annualized payout implies a yield of roughly 6.7%, […]

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Pentagon Accepts $130 Million Gift as Shutdown Withholds First Full Paychecks

The U.S. Department of Defense confirmed on Friday, Oct. 24, 2025, that it has accepted an anonymous $130 million donation intended to help cover military salaries during the ongoing federal government shutdown. The announcement came as more than half a million civilian federal employees missed their first complete paycheck and lawmakers remained deadlocked over a longer-term […]

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Amazon closes four Fresh supermarkets in California amid grocery shake-up

Amazon will shutter four Amazon Fresh supermarkets in Southern California in the coming weeks, continuing a broader review of its brick-and-mortar grocery footprint. Four locations set to wind down operations The company confirmed plans to close stores in La Verne, Mission Viejo, La Habra and Whittier. Employees at the La Verne site were informed during […]

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Suze Orman lists four money mistakes that quietly drain your wealth

The persistent rise in consumer prices is forcing many households to reassess how they handle day-to-day expenses. Personal finance author and television host Suze Orman recently revisited that theme in her “Money Monday” newsletter, cautioning readers that several common habits can erode long-term financial security if they are not addressed immediately. Inflation makes cost-cutting urgent […]

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Humana reveals 2026 Medicare Advantage star-rating dip and outlines recovery plan

Humana has notified investors that only one-fifth of its Medicare Advantage (MA) membership will sit in contracts rated at least four stars by the Centers for Medicare & Medicaid Services (CMS) for plan year 2026. The figure represents a five-percentage-point decline from the current year and continues a sharp slide from 2024, when nearly all […]

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Energy Department cancels $8 billion in clean-energy grants across 16 states

The U.S. Department of Energy (DOE) has terminated more than 300 funding awards worth almost $8 billion, halting a broad slate of clean-energy and grid-modernization projects in 16 states that supported Democratic presidential nominee Kamala Harris in the 2024 election. The cancellations were disclosed on Wednesday, the first day of the current federal government shutdown. […]

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FICO revamps credit-score pricing, sparking 20% rally and pressuring credit bureaus

Fair Isaac Corporation, the company behind the widely used FICO credit score, has introduced a new licensing structure that allows mortgage lenders to obtain scores directly, bypassing traditional credit bureaus. The announcement, issued on Thursday, sent Fair Isaac shares up more than 20%, marking the stock’s largest single-day percentage gain since November 22. Direct distribution […]

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Samsung and SK Hynix surge after joining OpenAI’s Stargate chip program

Shares of South Korea’s two largest memory manufacturers climbed sharply on Thursday after both companies were named strategic partners in OpenAI’s newly announced Stargate initiative. The collaboration is designed to secure a steady supply of advanced memory devices and expand data-center capacity in South Korea, a move investors interpreted as a long-term revenue catalyst for […]