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…
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Hilton Hotels announced on Tuesday that it was ending its relationship with an independently owned Minneapolis-area hotel after a newly…
Hilton Hotels said it is investigating an independently owned Minneapolis-area property after the Department of Homeland Security (DHS) alleged law…
Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run. The 95-year-old officially…
Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms…
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The mayor of Dallas is predicting an influx of financial firms relocating to the region from New York City if the Big Apple’s newly inaugurated mayor, Zohran Mamdani, pursues socialist policies in the nation’s leading financial hub. Dallas Mayor Eric Johnson told the New York Post in…
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AT&T is planning to build a new corporate headquarters outside downtown Dallas in the suburban city of Plano, the company said in a letter to employees on Monday. CEO John Stankey said in a letter to AT&T employees that the company plans to relocate its headquarters, which has been in…
The U.S. military operation to apprehend and remove Venezuelan leader Nicolás Maduro from power could put pressure on Cuba’s economy as the communist country reels from the loss of a key economic and security partner. Maduro was captured alongside his wife over the weekend after President Donald Trump ordered the operation…
The toppling of Nicolas Maduro has thrust Venezuela’s debt crisis – one of the world’s largest unresolved sovereign defaults – into the limelight. Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after missing payments on international bonds…
Geopolitical uncertainty combined with the loss of Venezuelan exports could push oil and gasoline prices slightly higher in the weeks ahead, according to an industry expert. Still, prices at the pump would remain at their lowest levels since the COVID-19 pandemic. Andy Lipow, president of Lipow Oil Associates, projected that…
Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been tried. Ackman, who is not a California resident, took to X earlier this week to criticize the proposal which, if approved…
The U.S. is showing signs of a “K-shaped” economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of America Institute shows. Internal data detailed in the report showed that in November the three-month average of total card spending reflected…
A federal judge ruled Tuesday that the Trump administration is legally required to secure funding for the U.S. Consumer Financial Protection Bureau (CFPB), and that failing to do so would violate a prior court order barring the government from dismantling or shutting down the agency. In the 32-page ruling, U.S.…
Homebuyers can usher in 2026 with a little relief as mortgage rates fell to the lowest level of 2025 in the final report of the year. Freddie Mac’s latest Primary Mortgage Market Survey, released Wednesday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.15% from last…
Ahead of the New Year’s holiday, President Donald Trump said he will make a decision on who he wants to lead the Federal Reserve by January. Current Chair Jerome Powell’s term expires in May 2026, and he has made it clear he will fulfill his obligation running the central bank. This…
Federal Reserve policymakers were deeply divided over the decision to cut interest rates at their meeting in December as the U.S. economy faces a challenging combination of risks, according to the minutes from their latest policy meeting. The Fed cut rates by 25 basis points for the third straight time…
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