Financial markets and investors are reacting to the rapidly growing U.S. national debt, which is approaching a record of $40 trillion, by requiring greater returns for those who invest in America’s debt obligations. Yields on U.S. Treasurys have been elevated recently, in part due to the growth in debt, with…
Home Depot customers are still spending on their homes, with smaller projects supporting demand as Americans contend with elevated mortgage rates and high home prices. The home improvement retailer said Tuesday that second-quarter sales rose 5.7% from a year ago to $47.9 billion, while comparable sales increased 1.7%. Comparable sales…
ChatGPT-maker OpenAI on Tuesday announced that it’s creating a new portal for teenagers between the ages of 13 and 17 as it looks to address concerns about online safety for young people. The company made the announcement exclusively on-air with Fox News’ “Fox & Friends” on Tuesday morning and outlined…
Chrysler parent Stellantis announced on Monday that nearly one million vehicles worldwide are being recalled over radio software that may prevent rearview cameras from displaying images properly. About 955,000 Chrysler, Jeep, Dodge and Ram vehicles are affected by the recall.This covers more than 848,000 vehicles in the U.S., including various 2026 and 2027…
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When the federal government began depositing a $1,000 seed contribution into newly launched Trump Accounts for eligible children in July,…
Ford Motor Co. is giving its Louisville Assembly Plant a massive makeover as it prepares to build a new electric…
The U.S. government’s Strategic Petroleum Reserve (SPR) is at its lowest level since 1983 as inventories that were already low…
When financial anxiety spikes, the impulse to aggressively pay off a car loan or mortgage seems like a bulletproof step…
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More than 200,000 magnetic building toys were recalled over an ingestion hazard after two children who swallowed magnets required surgery, according to federal regulators. About 213,500 Goody King Magnetic Building Cubes and Blocks sets are affected by the recall, the U.S. Consumer Product Safety Commission…
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Bank of America (BofA) is launching a $250 billion initiative to finance a broad buildout of U.S. infrastructure, including data centers, semiconductor facilities, power generation and transportation projects. The banking giant announced Wednesday that its Critical Infrastructure Finance Initiative will mobilize and deploy $250 billion through lending, investments, capital markets…
Cleveland Federal Reserve President Beth Hammack on Monday said that she thinks there will be a need for more than one interest rate hike to prevent inflation from becoming more entrenched across the economy. Hammack made the comments in an interview with Yahoo Finance that followed her dissent from the…
Nearly 30,000 pounds of imported raw beef from South America have been recalled in two states over the failure to reinspect the product after arriving in the U.S., according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS). Florida-based Corte Argentino USA LLC is recalling about 29,628…
Wealthy Americans are investing in New Zealand’s “golden visas” as they look to relocate to the South Pacific nation. The Financial Times reported that over 700 wealthy foreigners have applied for New Zealand’s golden visa in the last 14 months – an increase from 115 in the prior three years…
Apple is reportedly in the process of testing memory chips made by Chinese company CXMT across its lineup of devices, including in iPhones and MacBooks, as it looks at options to address the shortage of memory chips. The Wall Street Journal on Sunday reported that Apple has held early talks…
FIRST ON FOX: In the heart of Manhattan, at the corner of Broadway and West 43rd Street, a massive new billboard is sending a provocative message to New York leadership: “Thanks for the jobs!” As America faces what business leaders call a historic choice between free enterprise and expanding government…
America’s hottest housing markets are all located in the Northeast and Midwest, according to a new ZIP code-level analysis of the most in-demand housing markets. Realtor.com released its hottest ZIP codes report for 2026, which found that those two regions swept the top 10 rankings for the fourth consecutive year.Hannah…
Wendy’s has lost its place as America’s runner-up to McDonald’s, ending a six-year run as the second-largest burger chain, being surpassed by a resurgent Burger King. Burger King reclaimed the No. 2 position as its U.S. turnaround gains momentum, with domestic same-store sales jumping 8.5% in the second quarter. Wendy’s,…
For Americans looking for an affordable meal out, geography can make a big difference in what they pay for a cheeseburger, fries and a soda. A $15 bill is still enough to cover a cheeseburger, fries and a soda in some U.S. cities, but not everywhere.A recent DoorDash State of…
Household affordability challenges are leading some consumers to consider refinancing their auto loans to save money on monthly payments. Stephanie Roberts, director of auto products at PenFed Credit Union, told FOX Business that expanded access to credit terms has allowed consumers to more easily check the rates available to them…
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