Bank of America hit with $1.2bn fine for money laundering failings

BBC - Oct 14, 2026

The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.

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Oct 13, 2026

Federal energy regulators shoot down grid operator's plan to cut power to data centers during shortfalls

The nation’s energy regulators have shot down a bid from a regional grid operator to cut power to some large data centers during a supply shortfall — leaving the issue largely in the hands of states. Regional grid operator PJM, which manages the electric grid for several East Coast and Midwest states, proposed an ability...

Oct 13, 2026

Treasury fines Bank of America $1.2B for violating money laundering, sanctions law

The Treasury Department on Tuesday announced it was fining Bank of America more than $1.2 billion for violating anti-money laundering and sanctions laws. The Treasury’s Financial Crimes Enforcement Network (FinCEN) fined Bank of America, the second-largest bank in the country, $1.2 billion for its failure to “mitigate and report priority national security risks,” the department...

Oct 13, 2026

Saudi man charged with planting 'sophisticated' recording device in OpenAI office

Prosecutors say the device, wrapped in toilet paper, was found inserted in a USB port on the back of a TV in an executive conference room.

Oct 13, 2026

Iran war costing US households average of $2K each: Moody's

The war in Iran has cost the average American household $2,000 so far, according to estimates shared Monday by Mark Zandi, chief economist at Moody’s Analytics. “Consider that the war’s costs taken together have absorbed about half the average American household’s income gain over the past eight months,” Zandi wrote on social platform X. “No...

Oct 13, 2026

Judy Markey, Frank and Funny Voice on Chicago Radio, Dies at 82

She and Kathy O’Malley — known as “the Girlfriends” — were the rare female hosts in a major market. Their freewheeling segments included “Sex Thursday.”

Oct 13, 2026

Chip Stocks Tumble on A.I. Spending Fears and Rising Chinese Competition

South Korean stocks tumbled in particular, as reports of a breakthrough by a Chinese chip rival heightened concerns about competition.

Oct 13, 2026

Top Army general reassures defense industry after Driscoll, George exits

The Army’s acting chief of staff, Gen. Christopher LaNeve, assured the defense industry on Tuesday that the military’s largest branch is not walking away from modernization after losing top brass earlier this year, but is in fact “sprinting towards it.” “And to our industry partners in this room, we need you to hear this: the...

Oct 13, 2026

CVS to pay $315M settlement over allegations of illegally filling opioid prescriptions

The Justice Department (DOJ) announced Tuesday that CVS Health has agreed to pay $315 million to settle lawsuits alleging the company illegally filled prescriptions for opioids and other controlled substances. The settlement resolves a lawsuit first filed in 2019 by former CVS employee Hillary Estright in 2019 under the whistleblower provision of the False Claims...

Oct 13, 2026

Most say Trump more interested in his wealth than helping people like them: Survey

Most Americans say President Trump is more interested in his own wealth than helping people similar to them, according to a new poll. An Associated Press-NORC Center for Public Affairs Research poll found that 56 percent of respondents described Trump’s overall prioritization of “his personal business interests” as “a lot” during his second term. Nineteen...

Oct 13, 2026

OPEC cuts oil demand projections for remainder of 2026

The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups. The group projected Tuesday that oil demand for this year will grow by roughly 200,000 barrels per day relative to 2025, down from OPEC’s forecast...

Oct 13, 2026

Vance announces plan to use wartime authority to boost fuel production at Texas refinery

The Trump administration will use wartime authority to augment fuel production at a refinery in Texas, Vice President JD Vance announced on Tuesday. The move comes as high energy prices are putting a strain on the economy and are becoming a political liability ahead of the midterms. “I am pleased to announce that the Trump...

Oct 13, 2026

Most voters see Congress as out of touch on spending despite midterm affordability pitch

An overwhelming majority of voters believe current members of Congress are out of touch with their constituents’ monthly spending habits, even as both parties make affordability a central pitch to key voting blocs. An exclusive NewsNation/Decision Desk HQ (DDHQ) poll released Tuesday found that 86 percent of respondents believed their current congressmember or senator couldn’t...

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Wed, October 14, 2026

Bank of America hit with $1.2bn fine for money laundering failings

Federal energy regulators shoot down grid operator's plan to cut power to data centers during shortfalls

Treasury fines Bank of America $1.2B for violating money laundering, sanctions law

Saudi man charged with planting 'sophisticated' recording device in OpenAI office

Iran war costing US households average of $2K each: Moody's

Judy Markey, Frank and Funny Voice on Chicago Radio, Dies at 82

Chip Stocks Tumble on A.I. Spending Fears and Rising Chinese Competition

Top Army general reassures defense industry after Driscoll, George exits

CVS to pay $315M settlement over allegations of illegally filling opioid prescriptions

Most say Trump more interested in his wealth than helping people like them: Survey

OPEC cuts oil demand projections for remainder of 2026

Vance announces plan to use wartime authority to boost fuel production at Texas refinery

Most voters see Congress as out of touch on spending despite midterm affordability pitch