DoorDash acquires Instacart in $17 billion deal

Markets

DoorDash said on Thursday it would buy Instacart in a deal valued at about $17 billion, stepping up its push into the fast-growing U.S. grocery delivery market as competition among app-based platforms intensifies. DoorDash has offered Instacart shareholders $65 per share held, representing a premium of about 26% to the…

September PCE: Inflation rose further from the Fed’s target

News

This story about the September 2026 PCE inflation report will be updated with further details. The Federal Reserve’s preferred inflation gauge rose further away from the central bank’s target in September as consumers face price pressures.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.5% on a…

FTC investigates Delta, Uber and Walmart for surveillance pricing

Personal Finance

Federal regulators announced Wednesday that they are examining whether major airlines, ride-hailing companies, delivery services and retailers are using personal data to charge different customers different prices for the same products and services or determine how much gig workers are paid. The Federal Trade Commission (FTC) said it launched an…

October FOMC: Federal Reserves holds rates steady ahead of election

News

This story will be updated with further details from the Fed’s October 2026 interest rate decision. The Federal Reserve on Wednesday held its benchmark interest rate steady amid elevated inflation as policymakers opted to wait for additional economic data after hiking rates in September.Fed policymakers voted 10-2 to leave the federal…