The Federal Reserve’s preferred inflation gauge showed that consumer prices remained elevated in November, ahead of the central bank’s policy meeting next week. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.2% in November on a monthly basis and is up 2.8% from last year. While…
The New York Stock Exchange’s quiet expansion into Texas is gaining rapid traction, with NYSE President Lynn Martin revealing that more than 100 companies have already dual-listed on NYSE Texas in under a year — a milestone that underscores Wall Street’s accelerating pivot toward the Lone Star State’s pro-business climate.…
The U.S. economy grew at a faster pace than expected in the third quarter, according to the Commerce Department’s estimate. The Bureau of Economic Analysis (BEA) on Thursday released its final reading of third-quarter GDP, which showed the economy grew at an annualized rate of 4.4% in the three-month period including July,…
Three of the world’s largest dairy companies are recalling and blocking batches of infant milk formula due to the possible contamination of cereulide, a toxin that can cause nausea and vomiting. The contamination scare started with Nestle and extended on Wednesday to French groups Danone and Lactalis.Nestle recalled batches of…
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Legendary investor Warren Buffett will officially step down on December 31, 2025, ending his storied career that spanned over 60 years. …
A handful of discounted staples can effectively offset the cost of a Costco membership, according to a recent report on…
A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable…
An estimated 6.5 million Americans will retire in 2026. Are you one of them? If so, you’ve likely already begun…
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More than 13,000 pounds of ready-to-eat grilled chicken breasts were recalled over fears they may be contaminated with listeria monocytogenes, according to the Department of Agriculture’s Food Safety and Inspection Service (FSIS). Suzanna’s Kitchen, based in Georgia, issued a recall of about 13,720 pounds of…
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At least 45 people in more than 20 states have been infected with salmonella food poisoning linked to the Super Greens brand of diet supplement powder, according to the Food and Drug Administration and Center for Disease Control and Prevention. Superfoods Inc., which makes Live it Up-brand Super Greens powder,…
Beef prices are surging, and American households are forking over more money for their steaks, roasts and burgers, the latest inflation data shows. The Bureau of Labor Statistics released the December consumer price index (CPI) which showed that prices for beef and veal rose 1% compared with prices the month before…
JPMorgan CFO Jeremy Barnum warned Tuesday that President Donald Trump’s push to put a 10% cap on credit card interest rates could hurt the broader economy and reduce access to credit. “What’s actually simply going to happen is that the provision of the service will change dramatically. Specifically, people will…
A group of global central bank leaders issued a joint statement on Tuesday to express their support for Federal Reserve Chair Jerome Powell as he faces a criminal investigation from the Trump administration’s Department of Justice. Powell announced on Sunday that the DOJ served grand jury subpoenas to the Federal Reserve on…
President Donald Trump’s call for a 10% cap on credit card interest rates could impact access to credit cards for many American consumers while also impacting small businesses. Trump on Friday declared he wants to impose a 10% cap on credit card interest rates to be implemented for one year starting on…
Inflation rose at a steady pace in December and remained persistently above the Federal Reserve’s target rate as policymakers consider the case for interest rate cuts amid economic uncertainty. The Bureau of Labor Statistics said on Tuesday that the consumer price index (CPI) – a broad measure of how much everyday…
A group of former Federal Reserve chairs and Treasury secretaries released a joint statement defending Fed Chair Jerome Powell after he revealed the Trump administration’s Justice Department is threatening to criminally indict him over his testimony about the Fed’s renovations. The group includes former Fed Chairs Ben Bernanke, Allen Greenspan and…
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…
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