SpaceX launches Crew-12 mission to International Space Station

SpaceX and NASA launched a new crew Friday to the International Space Station, nearly one month after prior crew members were evacuated following a medical emergency in orbit.  NASA said the SpaceX Crew-12 mission lifted off at 5:15 a.m. from the Cape Canaveral Space Force Station in Florida.  “The spacecraft will…

January 2026 CPI: Inflation eased but remained above the Fed’s target

This story on the January 2026 CPI inflation report is developing and will be updated with more details. Inflation remained elevated in January as the pace of consumer price growth stayed above the Federal Reserve’s target rate as policymakers weigh affordability concerns.The Bureau of Labor Statistics on Friday said that…

Spirit Airlines sells jets, recalls flight attendants amid bankruptcy

Spirit Airlines reached a deal to sell 20 of its Airbus jetliners and is recalling some of the flight attendants who were furloughed late last year amid the budget carrier’s financial struggles. Spirit is in the midst of going through its second bankruptcy in under two years, after it previously filed…

Mortgage rates fall to 6.09%: Freddie Mac

Mortgage rates inched lower this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage slipped to 6.09% from last week’s reading of 6.11%. The average rate on a 30-year loan was 6.87% a year…

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Gold and silver price surge, making 2026 Olympics medals most expensive ever

The recent surge in gold and silver prices to record highs will make the medals awarded at the 2026 Winter Olympics the most expensive in history. The Milan Cortina 2026 Winter Olympics officially begin on Friday and the value of the gold and silver medals that will be awarded to the winners…

Dow Jones Industrial Average closes above 50,000 points for first time

The Dow Jones Industrial Average closed above 50,000 points for the first time on Friday as stocks rallied in response to a rout in tech shares earlier in the week. The closely watched index rose above 50,000 for the first time after 2 p.m. during Friday’s trading session, advancing 1,206.95…

Mortgage rates rise to 6.11%: Freddie Mac

Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.11% from last week’s reading of 6.10%. The average rate on a 30-year loan was 6.89% a year…

Citi to match federal Trump Account contributions for workers’ newborns

Wall Street giant Citi on Thursday informed the company’s U.S.-based employees that the firm plans to match the federal government’s seed contribution to newborns’ Trump Accounts, and will also donate to efforts to boost participation. Citi sent an internal message that was reviewed by FOX Business and notified employees that…

Polymarket creates NYC’s first free grocery store in downtown Manhattan

A prediction market company best known for allowing users to bet on world events is stepping into New York City’s food scene — if only briefly — with the launch of what it’s calling the city’s first-ever free grocery store. Polymarket will be open for New Yorkers in Lower Manhattan…

Job cuts surge to highest January level since 2009 as layoffs spike

U.S. employers’ announced job cuts surged in the month of January and hit the highest level since 2009, a new report shows. Global outplacement and executive coaching firm Challenger, Gray & Christmas found that employers announced 108,435 job cuts in January – an increase from the 49,795 cuts announced in the…

Chrysler recalls 450,000 vehicles over brake light failure safety risk concern

Chrysler is recalling more than 450,000 vehicles and more than 2,000 tow-trailer modules over a brake light failure that could raise the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects 456,287 vehicles and an additional 2,871 tow-trailer modules, the NHTSA said in…

EEOC investigating Nike over diversity discrimination allegations

The federal agency that enforces U.S. workplace discrimination laws said Wednesday it is investigating Nike over allegations that its diversity initiatives unlawfully discriminated against White employees and job applicants, according to a court filing. Reuters reported that the Equal Employment Opportunity Commission (EEOC) said Nike has refused to comply with…

Private sector adds 22,000 jobs in January: ADP

Companies in the private sector added just 22,000 jobs in January, payroll processing firm ADP said Wednesday. The figure is well below economists’ estimates of a gain of 48,000 jobs. The prior month’s payrolls number was revised lower to a gain of 37,000 from an initially reported gain of 41,000.”Job…

China to ban electronic door handles on cars starting 2027 for safety

China has moved to ban one of the most iconic Tesla vehicle features in order to get a handle on vehicle safety. New safety regulations published by China’s Ministry of Industry and Information Technology state that cars sold in China will be required to have mechanical releases on their door…