American consumers are facing higher costs as the war in Iran pushes energy prices higher, with U.S. households having spent over $100 billion more this year due to elevated gasoline and diesel prices, an economist says. Mark Zandi, chief economist at Moody’s Analytics, told FOX Business that “higher oil prices…
Retirement account balances dipped in the first quarter due to stock market turbulence. Still, people kept socking away money for their retirement, according to new data from Fidelity Investments. The financial services company analyzed more than 50 million retirement accounts, finding that the average balances of 401(k), IRA and 403(b)…
Managing one’s finances can be challenging, especially when faced with conflicting — and often wrong — information fed to people, especially on social media. Buying into common misconceptions surrounding money can be harmful, putting someone on their back foot when it comes to financial health. Jonathan Kim, a personal finance expert…
How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight. That figure has gone down compared to the roughly half who tackled…
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As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs)…
You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears. If…
For the generation that should be in its “peak savings years,” the prospect of retiring on time has shifted from…
Americans of all ages are facing affordability concerns, with retirees on fixed incomes in particular feeling the strain – though…
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Americans are facing mounting financial pressure, but even small changes to everyday habits could make a major impact on long-term wealth, one expert says. Nearly three-quarters of Americans failed to meet their savings and spending goals last year, according to a Vanguard consumer survey —…
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The housing market is cooling as summer draws to a close and begins to transition into fall, with some cities around the U.S. seeing larger price decreases to attract buyers. Home sellers are moving to meet buyers in the middle with price reductions as high mortgage rates contribute to affordability…
Bank of America is expanding its financial commitment to military veterans, first responders and 9/11 memorial organizations nationwide as the country prepares to mark the 25th anniversary of the September 11 terrorist attacks. Headlining the corporate giving initiative is a new $250,000 commitment to the Tunnel to Towers Foundation’s “Veteran…
More than 1,500 pounds of imported ready-to-eat pork products have been recalled over concerns about possible listeria contamination. Two U.S.-based companies are issuing recalls for a total of about 1,513 pounds of dry-cured pork jowl products, also known as guanciale, the U.S. Department of Agriculture’s Food Safety and Inspection Service…
The Bureau of Labor Statistics (BLS) recently released a report projecting how the U.S. workforce will grow from 2025 to 2035 and what professions will see the largest increases in jobs as the economy evolves. Employment projections from the BLS estimate that the U.S. economy will add a total of…
Labor Day weekend marks the end of the summer travel season and new data shows American households were conscious of finding ways to save money even as they forged ahead with travel and entertainment plans this summer. Bank of America’s summer travel survey found that consumers’ desire to travel remained…
British carmaker Jaguar Land Rover (JLR) has opened a voluntary redundancy program for salaried and management staff as part of a sweeping multibillion, cost-cutting campaign. The Tata Motors-owned vehicle manufacturer confirmed the voluntary exit scheme for white-collar staff over the weekend as it moves to lower its global operational break-even…
School districts across the country continue to struggle to recruit and retain enough school bus drivers, forcing them to compete with other employers for a limited pool of qualified workers despite higher wages. School bus driver employment remained 9.5% below 2019 levels in August 2025, even as inflation-adjusted hourly wages…
Amazon said it is cooperating with authorities after a cargo plane operating on behalf of Amazon Air crashed while attempting to land at Miami International Airport on Sunday, killing at least five people and injuring five others. The company confirmed to FOX Business that the aircraft involved in the crash…
Campbell’s said it has cut 13% of its salaried workforce and closed two snack plants in an effort to improve its operations and return to profitability. “Make no mistake, our results remain unacceptable,” CEO Mick Beekhuizen said. “But instead of waiting for the environment to improve around us, we are…
This story about the August 2026 jobs report will be updated with further details. The U.S. economy rebounded in August, adding jobs at a solid pace after a surprise decline in July amid economic uncertainty.What are the key findings of the August 2026 jobs report? The Bureau of Labor Statistics on…
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