Inflation remained elevated in August even as the pace of consumer price growth from a year ago remains elevated, as the Federal Reserve considers a potential interest rate hike next month. The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of…
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…
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Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax…
As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs)…
Americans are facing mounting financial pressure, but even small changes to everyday habits could make a major impact on long-term…
For the generation that should be in its “peak savings years,” the prospect of retiring on time has shifted from…
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You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears. If you’ve ever spotted a charge you didn’t recognize and done nothing about it, here’s what you missed, and what to do next time.What qualifies as…
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Transportation Secretary Sean Duffy is accusing Ford Motor Co. of becoming too dependent on Chinese companies, warning CEO Jim Farley that the automaker’s business ties to China threaten U.S. national security and American manufacturing. In a letter sent Tuesday to Farley and obtained by FOX Business, Duffy criticized Ford’s growing…
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…
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