BLS took steps after improper data releases but watchdog wants more

The Bureau of Labor Statistics has taken steps to address issues that led to the release of key economic data at improper times in 2024, though a watchdog said it has more work to do in establishing safeguards. A report by the Labor Department’s inspector general looked at a trio…

FAA proposes noise rules to lift ban on supersonic flights over US

The Department of Transportation on Tuesday announced that regulators are moving toward enabling civilian supersonic flights over the continental U.S., which have been banned for decades due to sonic booms. The Federal Aviation Administration (FAA) proposed a rule that sets a noise-based certification standard for supersonic aircraft and signaled that…

Disney M class action settlement covers YouTube TV subscribers

Disney is set to pay out a $50 million settlement in a class action lawsuit that alleged the entertainment giant broke antitrust and consumer protection laws by pushing prices for streaming subscriptions higher. The settlement follows a 2022 federal class action lawsuit that was filed by YouTube TV and DirecTV…

Fourth of July cookout costs hit record high as inflation rises 4%

Americans preparing to hold a Fourth of July barbecue this weekend will face higher costs for their burgers and hot dogs amid stubborn inflation, a new report finds. The American Farm Bureau Federation’s Summer Cookout Cost Survey finds that in 2026, a classic Fourth of July cookout for 10 people…

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Jobs market may determine if credit scores continue declining in 2026

A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect storm” for Americans’ wallets, according to a credit repair expert. On Thursday, WalletHub released its list of the states with the largest credit score decreases,…

Tax-efficient Diversification Techniques | Fox Business

Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax investment outcomes. Allspring Global Investments is dedicated to helping investors navigate the evolving tax and estate planning landscapes. Concentrated stock positions can create unwanted risk in investors’ portfolios. Despite the…

ETFs or mutual funds? How to choose in today’s market

As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs) or mutual funds. Both offer a simple way to build a diversified portfolio of stocks or bonds, and at their core, the two investment vehicles are very similar. But key…

Here’s what happens when you dispute a credit card charge

You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears. If you’ve ever spotted a charge you didn’t recognize and done nothing about it, here’s what you missed, and what to do next time.What qualifies as a dispute Not every complaint…

May PCE: Fed’s favored inflation gauge accelerated in May

The Federal Reserve’s preferred inflation gauge rose in May as price pressures persist in the wake of the energy shock caused by the Iran war. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a monthly basis in May and is 4.1% higher…

US economy grew at 2.1% in first quarter

This is a developing story about the final reading of U.S. first-quarter GDP. Please check back for updates. The U.S. economy grew at a faster pace than expected in the first quarter, according to the Commerce Department’s estimate.The Bureau of Economic Analysis (BEA) on Thursday released its final reading of first-quarter GDP,…

Elon Musk loses trillionaire status as tech rout hammers Tesla, SpaceX

Elon Musk is no longer worth more than $1 trillion, less than two weeks after becoming the first person to reach the milestone. Musk’s net worth was valued at $946 billion as of Wednesday, according to the Bloomberg Billionaires Index. That is down from about $1.11 trillion less than 14…

Scott Bessent outlines 5 principles for Trump economic statecraft plan

Treasury Secretary Scott Bessent on Tuesday outlined the Trump administration’s approach to economic statecraft in a speech in which he outlined five core principles guiding the White House’s strategy. Bessent spoke Tuesday night at the Economic Club of New York’s America 250 gala dinner and said that as the nation…

Andrew Cuomo says blockchain can cut banking fees for working families

EXCLUSIVE — Former New York Gov. Andrew Cuomo is taking aim at both legacy financial institutions and Washington gridlock, warning that the U.S. is wasting time on a technology that could significantly lower costs for working-class families. Speaking exclusively with Fox News Digital about his new role as co-chair of…