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Frank Bisignano, the commissioner of the Social Security Administration (SSA), said Monday the program will last another 90 years. “This is a long journey. It’s 90 years old. It’ll be around for another 90 years,” Bisignano said on CNBC’s “Squawk Box.” The SSA will release its annual cost-of-living adjustment (COLA) on Wednesday, after the Bureau...

The war on terror taught the U.S. to fight individual terrorists, which left the military behind rival nations on the tech front, experts say.

STOCKHOLM (AP) — American economists Robert E. Hall and Michael Woodford won the Nobel Memorial Prize in economics Monday for their work on models that have helped governments and central banks manage economic shocks, such as energy crises and inflation. The Royal Swedish Academy of Sciences announced the winners in Stockholm, noting that their work...

Microsoft President Brad Smith says AI has fewer safety requirements than milk and washing machines, arguing in a BBC interview released Sunday that self-regulation is not "sufficient any longer." Smith acknowledged that the idea of government evaluators signing off on a product before its release "makes people nervous," particularly in the U.S. "But just remember,...

Former Vice President Kamala Harris on Sunday criticized President Trump’s diesel deal with Russia, saying it “reeks of weakness.” “Donald Trump and his war in Iran are to blame for our nation's sky-high diesel and gas prices. His latest ploy—buying fuel from his friend Vladimir Putin—reeks of weakness and will help pay for Russia’s war...

One of Hong Kong’s oldest makers of bread and biscuits, the Garden Company, has apologised and pledged to review its crowd-management procedures after a world-record attempt involving more than 700 students making sandwiches descended into chaos. The incident occurred on Sunday at SKH Tang Shiu Kin Secondary School in Wan Chai, when the company tried to set a record for the “largest sandwich-making lesson” to mark its coming 100th anniversary. More than 700 primary school pupils were involved...

A Hong Kong court has awarded more than HK$89,000 (US$11,340) to a worker at a dog shelter who was seriously injured in a canine attack, rejecting her employer’s argument that she was a volunteer. District Judge Harold Leong Kwok-on said on Monday that the employment relationship between Kelly Animals Shelter in Lau Fau Shan and the victim had been established despite no contract being signed, noting she was paid, allocated work by staff and did not manage the business or shoulder profits or...

Oil analyst Patrick De Haan said Monday that President Trump’s deal with Russia to supply the U.S. and global markets with diesel fuel may not lower fuel prices. “On the policy front, the Trump administration’s proposed diesel deal raises more questions than it answers, and I remain skeptical that it will deliver significant relief to...

Most Americans regardless of party oppose betting on election results through prediction markets such as Kalshi or Polymarket, according to a new survey. A Reuters/Ipsos poll, released Monday, found that 60 percent of respondents did not support betting on election results, as the midterm elections near. Another 13 percent said they support betting, while 24...

Most Americans regardless of party oppose betting on election results through prediction markets such as Kalshi or Polymarket, according to a new survey. A Reuters/Ipsos poll, released Monday, found that 60 percent of respondents did not support betting on election results, as the midterm elections near. Another 13 percent said they support betting, while 24...

More than 42,000 travellers and 5,700 vehicles passed through the revamped Huanggang Port on Monday under a “smooth” first-day run of the new “joint clearance” system to cross between Hong Kong and mainland China, as officials braced for larger crowds over the coming long weekend. Early bird travellers and residents simply curious to see how the new system worked were the first to pass through the facility when it opened at 6.30am, with some calling the clearance process “light speed”. Many...

China is likely to view the latest US dealings with Russia as “transactional”, according to observers, who said Beijing was likely to wait and see what the longer-term impact would be given the possibility that Donald Trump might abruptly change course again. The US president announced that under a deal with Vladimir Putin, Russia would “immediately” supply more than 300,000 tonnes of diesel to the US and global markets. He wrote on social media that another 500,000 tonnes would follow in...