This story about the Federal Reserve’s July 2026 interest rate decision is breaking news. Please check back for updates. The Federal Reserve on Wednesday announced that it will hold interest rates steady due to concerns about elevated inflation amid the war in Iran.Fed policymakers voted 9-3 to leave the benchmark federal…
Cracker Barrel is set to pay outgoing CEO Julie Masino several million dollars in severance pay after her departure from the company, while also covering security costs for a period of time. The restaurant chain announced on Monday that Masino would step down as CEO on Aug. 10 and will…
Meta CEO Mark Zuckerberg wrote in a new op-ed published on Tuesday that the rise of artificial intelligence should be used to empower all people rather than being centralized and controlled by a few institutions. Zuckerberg wrote in The Wall Street Journal that people will be able to use superintelligence…
Johnson & Johnson (J&J) on Monday said it reached a settlement that it would pay an estimated $5.5 billion to settle tens of thousands of lawsuits alleging its baby powder and talc products cause ovarian cancer, which could end years of litigation on the subject. The company said the proposed…
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Ford is planning to integrate Apple software into its next-generation fleet of electric vehicles, which will in turn help power…
Tesla said Wednesday that its robotaxi fleet has logged more than 380,000 unsupervised miles across six cities in two states…
ARK Invest CEO Cathie Wood is defending her fund’s stake in SpaceX, declaring the aerospace and satellite network pioneer could…
Icahn Enterprises on Tuesday announced that the company reached a deal to sell Pep Boys to Mavis, one of the…
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Fidelity Investments released its 25th annual estimate of retiree healthcare costs, which revealed a significant jump from a year ago as medical care and related expenses become more expensive. The report estimated that a 65-year-old who retires in 2026 can expect to spend an average…
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Ford is recalling nearly 388,000 SUVs because an issue with the second-row easy-entry seats could increase the risk of injury, according to federal regulators. A total of 387,911 vehicles are affected, including certain 2020-2026 Ford Explorer and 2020-2027 Lincoln Aviator models, the National Highway Traffic Safety Administration (NHTSA) said in…
Apple is raising prices on Apple Music subscriptions as well as certain Apple One plans as the company faces higher licensing costs. The tech giant last week hiked prices for Apple Music plans across subscription tiers. Individual plans will rise by $1 a month to $11.99, while student plans will…
Nvidia has held the position as the world’s biggest company since about a year ago, when it became the first to reach $4 trillion in market value. It soared past former leaders Apple and Microsoft. But in recent days, Apple, which hasn’t climbed as much as its peers during the…
Student loan defaults are up to a record high, with 9.5 million borrowers in default, meaning they are more than 270 days behind on loan payments, according to data from the Office of Federal Student Aid. The near-10 million borrowers in default represent a record-high and nearly double the number…
The AAA national average price for regular gas is back above $4 again amid the U.S. war with the Islamic Republic of Iran. As of July 21, the AAA national average for regular fuel is $4.019, up from yesterday’s average of $4.003, the week-ago average of $3.859, and the month-ago…
A group representing America’s manufacturers on Tuesday released a report marking one year since the enactment of the 2025 tax law that includes examples of the legislation’s impact on the manufacturing sector in all 50 states. The One Big Beautiful Bill Act (OBBBA) was passed by Republicans in Congress and…
Americans who are looking to buy a home for the first time are seeing some gradual improvement in affordability, though the market remains far more challenging than it was before the COVID-19 pandemic – particularly in some parts of the country. A new analysis by Realtor.com finds that the cost…
Mars Wrigley signaled it will lay off hundreds of workers as it relocates its headquarters from Newark, New Jersey, to an expanded facility in Chicago. The company on Friday submitted a WARN filing with the state of New Jersey that indicated it will eliminate 307 jobs at its Newark headquarters…
The World Cup is helping to boost consumer spending around the U.S. in June, with host cities seeing notable gains, according to new data from Bank of America. The Bank of America Institute found that consumer spending using credit and debit cards rose 6.3% from a year ago in June…
Apple briefly passed Nvidia to become the world’s most valuable company on Friday as the tech titans jostled for the top spot as investors reconsider the outlook for investments in AI. Apple’s market cap topped Nvidia’s early Friday as the latter saw shares slide along with other chipmaker stocks as…
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