The U.S. economy grew at a faster pace than expected in the third quarter, according to the Commerce Department’s estimate. The Bureau of Economic Analysis (BEA) on Thursday released its final reading of third-quarter GDP, which showed the economy grew at an annualized rate of 4.4% in the three-month period including July,…
Three of the world’s largest dairy companies are recalling and blocking batches of infant milk formula due to the possible contamination of cereulide, a toxin that can cause nausea and vomiting. The contamination scare started with Nestle and extended on Wednesday to French groups Danone and Lactalis.Nestle recalled batches of…
President Donald Trump’s push to restrict Wall Street investors from buying up single-family homes in the name of promoting affordability could have the opposite effect and push prices higher, investors are warning. Trump signed an executive order on Tuesday that directs federal regulators to promote home sales to individuals and to…
GameStop is shutting down roughly 30 stores in New York as part of a nationwide shuttering that will impact at least 470 locations by the end of the month, according to an online compilation of the closures. The shutdowns in the Empire State impact stores throughout the state, including in…
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Legendary investor Warren Buffett will officially step down on December 31, 2025, ending his storied career that spanned over 60 years. …
A handful of discounted staples can effectively offset the cost of a Costco membership, according to a recent report on…
A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable…
An estimated 6.5 million Americans will retire in 2026. Are you one of them? If so, you’ve likely already begun…
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The Trump administration said it plans to eliminate kickbacks involving pharmacy benefit managers (PBMs) as part of its goal to lower health insurance for Americans. The framework, dubbed the “Great Healthcare Plan,” is aimed at lowering drug prices and insurance premiums while holding large insurance…
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JPMorgan CFO Jeremy Barnum warned Tuesday that President Donald Trump’s push to put a 10% cap on credit card interest rates could hurt the broader economy and reduce access to credit. “What’s actually simply going to happen is that the provision of the service will change dramatically. Specifically, people will…
A group of global central bank leaders issued a joint statement on Tuesday to express their support for Federal Reserve Chair Jerome Powell as he faces a criminal investigation from the Trump administration’s Department of Justice. Powell announced on Sunday that the DOJ served grand jury subpoenas to the Federal Reserve on…
President Donald Trump’s call for a 10% cap on credit card interest rates could impact access to credit cards for many American consumers while also impacting small businesses. Trump on Friday declared he wants to impose a 10% cap on credit card interest rates to be implemented for one year starting on…
Inflation rose at a steady pace in December and remained persistently above the Federal Reserve’s target rate as policymakers consider the case for interest rate cuts amid economic uncertainty. The Bureau of Labor Statistics said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday…
A group of former Federal Reserve chairs and Treasury secretaries released a joint statement defending Fed Chair Jerome Powell after he revealed the Trump administration’s Justice Department is threatening to criminally indict him over his testimony about the Fed’s renovations. The group includes former Fed Chairs Ben Bernanke, Allen Greenspan and…
The Labor Department is set to release the December consumer price index (CPI) on Tuesday, which is expected to show inflation remaining elevated above the Federal Reserve’s 2% target as data collection disruptions from the government shutdown linger. The consensus forecast compiled by FactSet estimates that headline inflation rose 0.3% on…
Exclusive: President Donald Trump will interview Rick Rieder, BlackRock’s chief investment officer of global income, this week to possibly be the next chairman of the Federal Reserve, administration sources told FOX Business. The sources said the interview with Rieder will take place on Thursday at the White House. It will…
The Food and Drug Administration announced that a recall of cheese products has been upgraded to the most serious risk category after testing positive for a potentially deadly bacteria, Listeria monocytogenes. The Ambriola Company first issued a voluntary recall in November for certain cheese products produced at the company’s facility…
Consumer sentiment ticked higher in early January despite lingering concerns about inflation and a weak labor market, according to the latest release from the University of Michigan’s Surveys of Consumers. Michigan’s Consumer Sentiment Index rose to 54 in January’s preliminary reading from a final reading of 52.9 in December. That was…
Patriotism is on the upswing with that momentum coinciding with President Trump’s first year of his second term. The 1789 Capital Growth Equity Fund, which invests in U.S. security and capitalism plays, saw assets swell to $2 billion through December 31, 2025, after starting the year at just $200 million.…
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