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Don't let them overwhelm you

Economy

Federal Aviation Administration seeks ownership stake in the startup behind its AI air traffic tool, months after awarding it a contract worth up to $876 million.

Federal judge refuses to let crypto firm Gemini and its federal regulator jointly erase the firm’s $5 million fine, as founders back Trump family ventures.

Canadian Prime Minister Carney says US is trying to break Canada to “own us” as Alberta votes Monday on starting toward a separation referendum.

South Dakota offers first-time homebuyers a 5% down payment boost through a loan forgiven after five years in the home.

Inflation rises to 3.7% in September as gas prices jump 9.1% on Middle East war, doubling odds of October Federal Reserve rate hike.

Social Security Administration sets 3.6% benefit increase for nearly 72 million in January, the largest since 2023, as trust fund faces insolvency in six years.

Attacks on ships near Strait of Hormuz hit wartime high of at least 10 since Sunday, after traffic recovered to 80% of prewar levels.

FTC and seven states ask judge to hold former drug executive Martin Shkreli in contempt, saying he livestreamed trades violating his lifetime pharma ban.

Treasury fines Bank of America $1.2 billion after the bank admits willfully failing to report more than $5 billion in suspicious transactions.

Memphis councilwoman directs $159,000 in council grant funds to cancel more than $17 million in medical debt for 12,000 residents.

White House posts Trump video promising every adult $5,000 “if the Republicans win,” five days after he dodged whether the checks aim to win votes.

Iran-backed Houthis threaten “swift and painful” response if US joins Saudi strikes, after a week of Riyadh airport attacks killed at least 20.

Trump announces a Russia-Ukraine “energy ceasefire” that Ukrainian President Zelenskyy calls “news for me,” as Russia strikes a Kharkiv power plant hours later.

Seven senators, four of them Republicans, demand Trump reverse his Russian diesel deal, saying it defies the 2022 law banning Russian energy imports.

Justice Department opens antitrust probe of ABC, CBS, NBC, Fox News and CNN for suspending White House pool coverage after Trump banned CNN.

Trump says Ukraine should get “a new leader” after Ukrainian President Zelensky calls easing sanctions on Russian diesel a “gift to Putin.”

North Carolina Gov. Stein suspends the state’s 41-cent gas tax through November, tapping $362.3 million in reserves to keep roads funded.

Trump names three of his officials to investigate Fed Governor Cook’s mortgages at a closed Nov. 5 hearing, after the Supreme Court blocked her firing.

Trump temporarily lifts sanctions on Russian diesel after a Putin call to ease $6.28-a-gallon prices, and Ukrainian President Zelensky calls it a “weak decision.”

Trump bought up to $5 million in SpaceX debt two days before signing a policy to expand commercial launches, his August disclosure shows.

Trump awards Musk, Google co-founder Brin, Nvidia’s Huang and three other tech leaders some of the nation’s highest scientific honors at an innovation summit.

Labor Department bars Microsoft, Adobe and others from sponsoring green cards at the summit where Trump gives Microsoft’s Indian-born CEO a national technology medal.

Savannah, Georgia, offers low-income households help paying city stormwater fees, open to families of four earning up to $66,000.

Trump promises no attacks on Iran before the Nov. 3 midterms as a congressional report counts 81 US military aircraft lost or damaged in the war.

Homeland Security proposes making colleges pay $70,000 for each international student in a work-training program, after a federal judge struck down its $100,000 H-1B fee.

California Gov. Newsom signs law letting households install plug-in “balcony solar” panels up to 1,200 watts without the utility approval all solar now requires.

New York Mayor Mamdani starts moving 10,000-plus low-income children off the city’s child care voucher waitlist after 15 months frozen, with families paying nothing.

Trump signs order letting tax-exempt farm and construction diesel onto public highways weeks before midterms, blaming Ukraine’s strikes on Russian refineries, not Hormuz, for prices.

Newport News, Virginia, offers $300,000 in grants to income-qualified homeowners spending 30% or more of income on housing, credited against their June property tax bills.

North Carolina’s Republican legislative leaders call a special session on fuel prices a month before the election, as state diesel averages $6.03.

Trump envoys Kushner and Witkoff help negotiate a Russian oil sale that would free Lukoil assets from sanctions for buyers tied to their families’ businesses.

New Orleans City Council unanimously approves $26.6 million to subsidize backup batteries for about 1,450 homes and businesses, paid by Entergy’s nuclear plant settlement.

Trump promises $90 checks to 20 million seniors a month before the midterms, using a Medicare fund he may lack authority to tap.

Attorney General Blanche won’t reopen the criminal probe of former Fed Chair Powell, but says an audit of the Fed’s renovation could prompt one.

G7 agrees to release 100 million barrels of emergency oil over four months, focused on diesel, after Trump threatened to ban US diesel exports.

Maryland becomes the first state to ban grocery stores from changing food prices during the day or setting prices from shoppers’ personal data.

Federal Housing Finance Agency Director Pulte cuts his inspector general’s budget 61%, ending its mortgage fraud investigations, a crime he claims to prioritize.

Ohio’s Republican-led legislature passes a 90-day gas tax holiday Democratic governor candidate Acton proposed first, as fuel prices threaten GOP chances five weeks before the election.

Trump sends $500 checks and a personal letter to 950,000 Obamacare enrollees in 30 states, a month before the midterms.

Trump demands Fed governor Powell resign over the Fed’s $2.5 billion renovation, after its watchdog finds no crime or misconduct.

Trump says South Korea will invest $54 billion in an Alaska natural gas pipeline Seoul says it’s still reviewing for commercial viability.

Senate confirms acting Labor Secretary Sonderling 47-41 along party lines, filling a Cabinet seat officially empty since his predecessor resigned in April.

Boulder County, Colorado, grants $11 million to help about 1,000 mobile home park residents counter an anonymous buyer’s $42.5 million offer for their park.

Above-average rents cause 16% to 34% of poverty in 10 states including California, New York and Maryland, a Pew analysis finds.

Iranian Foreign Minister Araghchi expects a formal US reply to Tehran’s seven-day ceasefire and Hormuz reopening plan Trump has publicly rejected.

Georgia Gov. Kemp suspends the state gas tax for 30 days by emergency order, cutting 33 cents a gallon from gasoline and 37 from diesel.

Trump dines with Anthropic CEO Amodei as he rejects AI regulation, saying if companies don’t fix problems, “that’s why you have the Department of Justice.”

Texas Gov. Abbott declares a statewide disaster over diesel at $5.86 a gallon, up from $3.30 in February, seven months into the Iran war.

Transportation Department cuts fuel economy target to 34.9 mpg by 2031, below Trump’s own 2020 rollback, as pump prices hit records.

Trump confirms rejecting Iran’s offer to reopen Hormuz, as Saudi Arabia’s foreign minister tells the UN the world has failed to protect Gulf shipping.

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