The recall affects 17,178 Chevrolet Tahoes, 7,616 Chevrolet Suburbans, 7,820 GMC Yukons, 5,270 GMC Yukon XLs, 3,609 Cadillac Escalades and 2,239 Cadillac Escalade ESVs, all from model year 2022.

All models under the recall are equipped with a 10-speed transmission with an electronic transmission range select system, GM said.

The recall report, filed with the National Highway Traffic Safety Administration, said a transmission control valve in some of the vehicles could be susceptible to excess wear over time, which may lead to a gradual loss of pressure. Drivers may notice harsh shifting if their vehicle is affected by the issue.

In rare cases, the rear wheels may experience a brief lockup or may remain locked, increasing the risk of a crash, the report said.

General Motors is recalling over 43,000 SUVs from 2022 models over a transmission issue. Getty Images

Dealers will install new software to monitor valve performance, limiting gear if an issue is found. Bloomberg via Getty Images

Dealers will install new transmission control module software that will monitor valve performance and detect excessive wear, the automaker said. If a potential issue is found, the transmission will be limited to fifth gear to prevent the potential of a wheel lockup.

Letters to owners notifying them of an available remedy will be mailed on March 30.

“The safety of our customers is the highest priority for the entire GM team, and we’re working to remedy this matter as quickly as possible,” a GM spokesperson told FOX Business.

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An X post by Vital Vegas stated: “Sources say the IRS will officially confirm the reporting threshold for slot jackpots increases from $1,200 to $2,000 starting Jan 1. Now, mad dash for casinos to implement the change.”

The One Big Beautiful Bill Act (OBBBA), which was reported in July this year, stated that a measure to increase the minimum amount that has to be reported on a jackpot win on a slot machine was set to be introduced.

Now, an amount of $2,000 (£1,500) will come into effect on January 1, 2026, and this is set to increase every year in line with inflation.

Casinos are now rushing to implement the change

The previous threshold of $1,200 (£900) has been in place in casinos since 1977, marking the first significant change in nearly 50 years.

Up until the 1st of January 2026, casinos were required to hand pay slot wins for prizes of $1,200 or more by the federal tax code. As such, the player is issued a W-2G tax form to report any gambling winnings, and this is then filed with the IRS.

For calendar years after 2025, the minimum threshold amount for reporting certain payments and backup withholding on certain information returns, including the Form W-2G, will be adjusted yearly for inflation. The minimum threshold amount for payments made in calendar year 2026 is $2,000,” said the IRS in a document regarding the change at the start of 2026.

This increase has taken months to officially be confirmed, leaving thousands of casinos required to update regulations for the new $2,000 threshold.

That could take time, meaning casinos may not be in alignment with the January 1 date for the IRS update on this threshold.

Featured Image: AI generated by Ideogram

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The recently introduced “Social Security Emergency Inflation Relief Act” would include the additional money until July 2026. Recipients of Social Security, Supplemental Security Income, veteran disability compensation, veteran pensions and railroad retirement would get the extra dough, the bill’s sponsors said.

The legislation is all but certain to fail in the Republican-controlled Senate.

Democratic senators have introduced legislation that could hike monthly Social Security payments by $200. Getty Images

Still, the bill’s prime sponsor Sens Elizabeth Warren (D-Mass.) argued that inflation has pushed prices so high that seniors need extra help.

The extra $200 per month would provide an “emergency lifeline for seniors struggling to afford Trump’s tariffs and rising inflation,” she said in a statement.

Upcoming cost-of-loving adjustment

The Social Security Administration said last month that benefits for more than 50 million American retirees will increase 2.8% next year as part of its annual cost-of-living adjustment, also known as COLA.

That is “simply not reflective of the current reality” for seniors, stated bill co-sponsor Sen. Chuck Schumer (D-NY.), the Senate minority leader.

Other sponsors of the legislation include Sens. Kirsten Gillibrand (D-NY) and Ron Wyden (D-Ore.).

US inflation hit 3% in September – the highest level since January, according to the Bureau of Labor Statistics’ Consumer Price Index. 

Prices on products from a cup of coffee and kids’ toys to living room furniture and Amazon deals have soared in recent months.

Concerns around the recently ended government shutdown – the longest in history – and broader economic issues like inflation sent monthly consumer sentiment to its lowest level in over three years, according to data released earlier this month.

Meanwhile, adults are putting off homeownership for longer than ever.

The median age of first-time homebuyers hit 40 years old this year – a record-high, according to the National Association of Realtors’ annual report.

The Social Security Emergency Inflation Relief Act would add $200 to monthly benefits until July 2026. zinkevych – stock.adobe.com

‘Boosting Benefits and COLAs for Seniors Act’

Separately from Warren’s bill, Democratic senators introduced the “Boosting Benefits and COLAs for Seniors Act,” which would tweak the current formula for annual cost-of-living adjustments.

The Social Security Administration currently calculates the adjustment based on the Consumer Price Index for Urban Wage Earners and Clerical Workers.

This inflation measure is based on the spending habits of younger, urban workers.

But the “Boosting Benefits” bill would base the adjustment on the CPI for older Americans, tracking the spending habits of retirees age 62 and older – which could raise the payments.

Democratic senators also introduced the Boosting Benefits and COLAs for Seniors Act. Christopher Sadowski

“Americans deserve to retire with dignity, not spend their golden years just trying to get by,” Gillibrand said in a statement. 

“Our seniors have spent a lifetime of hard work paying into Social Security, but the payouts simply aren’t keeping up with rising costs, and this year’s annual cost-of-living adjustment is not enough to keep seniors afloat.”

The average retirement benefit in August was $2,008, according to the most recently available data.

About 73% of seniors depend on Social Security for more than half of their income, according to a study by the nonprofit Senior Citizens League. 

Social Security benefits are available to retired Americans age 62 and older. Surviving family members of deceased workers and some disabled citizens are also eligible.

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According to data from iGaming Ontario in its monthly reports, the region’s iGaming market picked up speed in August ahead of the sports betting season getting underway throughout September and October. $8.14 billion CAD ($5.8 billion USD) cash wagers were made throughout the month, up from $7.56 billion CAD in July. That put revenue at $335 million CAD, an 8% increase from the month before.

The last – and only other time – that Ontario hit $8 billion in total cash wagers was May of this year, when it reached $8.06 billion. This marks an all-time high for the region’s iGaming market.

Ontario players flock to iGaming

This rise in cash wagers seems to stem from an influx of players, with active player accounts increasing by 7% in August. The total number has hit 11,016, with average revenue per active player account at CAD $330, an increase of 1% from July.

Digging closer into the numbers, casino handle has also hit a new high of $7.22 billion CAD, earning itself an 89% market share. It beats a previous market high of $6.95 billion CAD in May.

Online casino also breaks records with revenue of $267.8 million CAD in August, securing an 80% market share, while sports betting saw an 11% month-on-month increase in total cash wagers. That’s ahead of sports betting season getting underway in earnest with the return of the NFL in September and October.

The increase in sports betting is even more pronounced when you remember that July saw a 10% decease when compared to June. That highlights the impressive performance in the market in August still further.

For poker, cash wagers in August reached $151 million CAD, a 9% increase from the month before. That results in $6.8 million CAD in revenue, a 15% increase from July.

Featured image: Pexels

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Mark Zuckerberg spent all of 2024 telling investors that artificial intelligence would be key to the future of his company, Meta. In 2025, he plans to put his money where his mouth is.

On Friday, Mr. Zuckerberg said the company expected its capital expenditures in 2025 to come in at an estimated $60 to $65 billion, a big increase compared with the roughly $38 to $40 billion Meta spent in 2024.

Much of that amount will go building and expanding data centers, the warehouse-size buildings that provide the computing power that fuels Meta’s A.I. products and algorithms across its apps, which include Facebook, Instagram and WhatsApp.

“This is a massive effort, and over the coming years it will drive our core products and business, unlock historic innovation, and extend American technology leadership,” Mr. Zuckerberg said in a post to his Facebook page.

He noted that the company also expected to own more than 1.3 million graphics processing units, or GPUs, by the end of the year. A GPU is a type of computer chip that excels in the type of computing power required for A.I. systems. As A.I.-powered apps and products have grown more popular in recent years, there is a shortage of GPUs across the industry, with tech companies big and small vying to purchase as many as they can from companies like Nvidia.

And despite many layoffs and cutbacks to the company’s work force over the past three years, Mr. Zuckerberg said that he planned to continue hiring “significantly” to grow the teams responsible for working on A.I. and related products.

Meta’s share price rose about 1.7 percent on Friday.

Silicon Valley’s tech giants are locked in an infrastructure arms race, as they compete to build the future of artificial intelligence. Google, Microsoft and Amazon have all earmarked billions of dollars for data centers and infrastructure projects, and have signaled no slowdown in spending for the foreseeable future.

On Tuesday, President Trump announced a joint venture between OpenAI, SoftBank and Oracle called Stargate, which aims to invest at least $100 billion in U.S. data centers. The group behind the project said it could invest as much as half a trillion dollars in Stargate over the next four years. Elon Musk, who runs a competing artificial intelligence start-up, later cast doubt on that figure.

Since Mr. Trump was elected in November, Mr. Zuckerberg has attempted to repair their long-strained relationship. Mr. Zuckerberg has traveled to Mr. Trump’s Mar-a-Lago resort multiple times, donated to and attended his inauguration and loosened the restrictions on speech across Meta’s apps, an issue that conservatives have fixated upon for years.

Mr. Trump has promised to accelerate the production of American-made A.I. to compete against China for global leadership in the technology. On Thursday, he signed an executive order aimed at “removing barriers” to the development of A.I. in the United States.

Meta’s announcement on Friday could be viewed as “a response to the Stargate announcement earlier this week to remind investors of its leading position in A.I.,” analysts at RBC Capital Markets wrote in a research note. Meta is scheduled to report its latest earnings next week, when details like capital expenditure plans are typically announced to investors.

Meta has long signaled its intentions to invest heavily in data centers. The company incurred a $4.3 billion restructuring charge in 2023 after it decided to redesign many of its future data center projects to prepare for A.I. projects. It has expanded its data center footprint to dozens of locations across the world, from Odense, Denmark to Huntsville, Ala.

Mr. Zuckerberg has said he plans to keep spending heavily on the infrastructure to support what he believes will be the future of computing, powered by A.I. chatbots and other programs.

That also includes Llama, Meta’s open-source A.I. technology that can be freely downloaded by independent software developers to power their own A.I. apps.

Last year, Meta announced it would build its newest data center in Richland Parish, La. The company said the building would span more than four million square feet, an area so large that Mr. Zuckerberg said it would “cover a significant part of Manhattan.”

“Let’s go build!” he wrote on his Facebook page, and added a flexing-muscle emoji.

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