Tax season officially began last week and American taxpayers who are due to receive tax refunds are likely to see them reach their accounts within a few weeks, depending on how they filed their returns. The IRS announced that Jan. 26 was the official start of the tax filing season, allowing taxpayers…
Gold and silver prices have seen significant volatility in recent weeks following a surge in prices over the past two years. The spot price of gold is up 67% over the last year while the silver spot price has risen 158% in that time – though the asset prices plunged…
The partial government shutdown that began on Saturday morning is set to delay the release of the January jobs report that was slated for publication this week. The Bureau of Labor Statistics said Monday that the January jobs report, which was originally scheduled for release on Friday, will be delayed…
Costco issued a recall notice for mislabeled bakery items that could cause allergic reactions in customers. Costco announced that one of its products, “Mini Beignets filled with Caramel,” was “inadvertently packaged with Mini Beignets filled with Chocolate Hazelnut.” The company said the mislabeled units contain “undeclared Tree Nuts.””If you are…
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General Motors on Tuesday announced a multibillion-dollar charge related to the realignment of its electric vehicle (EV) strategy following the…
Amazon is closing all of its Amazon Go and Amazon Fresh locations and increasing its focus on Whole Foods Market,…
The New York Stock Exchange’s quiet expansion into Texas is gaining rapid traction, with NYSE President Lynn Martin revealing that…
Another major financial giant is planting its flag in Florida. Wells Fargo confirmed to Fox News Digital that it is…
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Middle-income Americans are continuing to feel financial strain and say their income is being outpaced by the rising cost of living, according to a new analysis by Primerica. The financial services firm released the latest edition of the Primerica U.S. Middle-Income Financial Security Monitor quarterly…
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The Federal Reserve on Wednesday announced it will leave interest rates unchanged, breaking a streak of three straight rate cuts amid uncertainty over the labor market and inflation. Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows three…
New York City tops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to a new analysis of inflation rates across major metropolitan areas. The analysis, first shared with Fox 5 New York, was conducted by Plasma, a layer-1…
As gold prices keep rising, American economist Peter Schiff says investors should view the rally as more than a hedge — calling it a warning that inflation is speeding up, the U.S. dollar is losing global trust, and a major economic reckoning may be near. “Gold and silver are warning…
Amazon said Wednesday it will cut approximately 16,000 roles across the company as part of an organizational overhaul aimed at reducing bureaucracy and cutting management layers, as the company continues to invest heavily in areas such as artificial intelligence. In a message to employees, Beth Galetti, Amazon’s senior vice president…
U.S. consumer confidence slumped to the lowest level since 2014 in January, sinking below pandemic-era lows as Americans are concerned about the labor market. The Conference Board released its preliminary consumer confidence reading for January, which showed it declined by 9.7 points to 84.5, from an upwardly revised reading of 94.2…
Federal Reserve policymakers are expected to hold interest rates steady when they conclude their first meeting of the new year on Wednesday, as central bank officials look to navigate stubborn inflation and a softening labor market. The central bank’s monetary policy panel, the Federal Open Market Committee (FOMC), is expected…
As millions of Americans deal with the fallout of winter storms and brace for upcoming inclement weather, households are also confronting higher heating bills this winter. Heating prices are expected to be 9.2% higher for consumers in the 2025-26 winter than they were a year ago, according to a report released…
A deadly and historic winter storm that has impacted a 2,300-mile swath of the country with snow, ice and power outages has prompted moves to ramp up power production from coal, while putting it and other fossil fuels in the spotlight as reliable energy sources amid the fierce weather. Winter Storm…
Nike is planning to cut nearly 800 jobs amid an automation push at the footwear and apparel giant’s distribution centers. The company is cutting 775 jobs that will primarily impact jobs at the retailer’s distribution centers in Tennessee and Mississippi as the company looks to automate more of its supply…
President Donald Trump on Thursday said he’s “not a huge fan” of a proposal his administration is developing that would allow prospective homebuyers withdraw from their 401(k) retirement accounts for a down payment. “I’m not a huge fan,” Trump told reporters on Air Force One while preparing to return from his…
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