Articles about Raises

$11.3bn more than enough to fund EPA or National Cancer Institute, where administration sought to slash budgetsSign up for the Breaking News US email to get newsletter alerts in your inboxThe US spent $11.3bn on just the first week of its military assault on Iran. This huge expenditure dwarves the annual budgets of many of the public health and scientific agencies the Trump administration has sought to cut, raising stark questions about the country’s priorities.In the six days that followed the US and Israel’s joint attack on Iran on 28 February, $11.3bn was spent on American taxpayer-funded bombs that hit the country and caused hundreds of deaths, the Pentagon has told lawmakers. This figure does not capture the full cost of the conflict, such as deployment of forces, and will now be far higher given the ongoing nature of the war. Continue reading...

Other delivery and transport companies such as Uber, DoorDash and Australia Post are weighing whether to charge moreFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastRideshare giant DiDi has raised its prices to cover soaring petrol costs, becoming one of the first major companies after the airlines to charge Australian consumers more as a result of the conflict in the Middle East.Uber, DoorDash and Australia Post were among the delivery and transport companies weighing whether to add charges, as small businesses hike fees. Continue reading...

• Industrial robotics startup RoboForce secured $52 million in an oversubscribed funding round on March 16, 2026, boosting its total funding to $67 million. • The capital targets deployment of AI-powered robots to address growing labor shortages in dirty and dangerous industrial tasks across U.S. manufacturing. • Funding reflects surging investor interest in automation solutions amid acute workforce gaps in sectors like warehousing and heavy industry.

Reserve Bank of Australia’s second consecutive increase lifts cash rate target to where it was in February last yearFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe Reserve Bank has increased interest rates amid a global energy shock that threatens to push Australian inflation towards 5%.The hike takes the RBA’s cash rate target from 3.85% to 4.1%, back to where it was in February 2025, wiping out the relief offered by two cuts last year. Continue reading...

Goldman Sachs increased its 12-month US recession probability to 25% from 20% and pushed back expected Federal Reserve rate cuts from earlier timelines to September and December. This adjustment reflects growing caution amid recent market volatility and economic data, with major indices like the S&P 500 down only 8% from highs but signaling broader concerns. The change aligns with rising odds of just one or no rate cuts at 40% each, driven by oil price pressures. Markets await further indicators next week for policy shifts.

Sports betting on March Madness 2026 games has surged 35% year-over-year, driven by expanded legal markets in 38 states, but experts warn of risks to underage bettors. NCAA reported over $2.5 billion in wagers during opening rounds, with a 25% increase among 18-24-year-olds. 'We're seeing addiction signs in college students,' said researcher Dr. Lia Nower. Regulators urge stricter age verification as tournaments progress to semifinals.