Americans see gas price relief as costs fall annually in January 2026 CPI data

Americans are getting some relief from lower gasoline prices, which the latest inflation data from the Labor Department shows have declined substantially over the last year. The Bureau of Labor Statistics on Friday released the consumer price index (CPI) for January, which showed headline inflation was up 2.4% from a year ago,…

SpaceX launches Crew-12 mission to International Space Station

SpaceX and NASA launched a new crew Friday to the International Space Station, nearly one month after prior crew members were evacuated following a medical emergency in orbit.  NASA said the SpaceX Crew-12 mission lifted off at 5:15 a.m. from the Cape Canaveral Space Force Station in Florida.  “The spacecraft will…

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Sydney Sweeney rings NYSE opening bell with American Eagle CEO

Actress Sydney Sweeney rang the opening bell at the New York Stock Exchange (NYSE) on Monday alongside American Eagle Outfitters Chairman and CEO Jay Schottenstein. Sweeney was also joined by other executives from the retailer as she signed a book on the trading floor.The actress partnered with American Eagle in 2025 for…

Trump boosts beef imports amid supply constraints

President Donald Trump on Friday signed an executive order to expand beef imports from Argentina as consumers face higher prices amid supply constraints impacting the U.S. cattle industry. Trump’s order implements a trade framework he reached with Argentina in November that aims to increase beef imports to help mitigate the surge…

Super Bowl LX players face jock tax reducing bonuses significantly

Players who will take the field for Super Bowl LX on Sunday will face a significant tax bill due to the game’s location triggering what’s known as a “jock tax.” Super Bowl LX will be played in Santa Clara, California, and the Golden State is one of a number of states…

Gold and silver price surge, making 2026 Olympics medals most expensive ever

The recent surge in gold and silver prices to record highs will make the medals awarded at the 2026 Winter Olympics the most expensive in history. The Milan Cortina 2026 Winter Olympics officially begin on Friday and the value of the gold and silver medals that will be awarded to the winners…

Stellantis takes .5 billion charge on EV production cuts

Stellantis on Friday announced it will take a $26.5 billion charge as the automaker cuts back on electric vehicle (EV) production, joining other manufacturers in taking a financial hit after misjudging consumer demand for EVs. Stellantis – the parent company of brands including Chrysler, Jeep, Dodge and Ram – became the latest…

Mortgage rates rise to 6.11%: Freddie Mac

Mortgage rates ticked higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage increased to 6.11% from last week’s reading of 6.10%. The average rate on a 30-year loan was 6.89% a year…

Citi to match federal Trump Account contributions for workers’ newborns

Wall Street giant Citi on Thursday informed the company’s U.S.-based employees that the firm plans to match the federal government’s seed contribution to newborns’ Trump Accounts, and will also donate to efforts to boost participation. Citi sent an internal message that was reviewed by FOX Business and notified employees that…

Polymarket creates NYC’s first free grocery store in downtown Manhattan

A prediction market company best known for allowing users to bet on world events is stepping into New York City’s food scene — if only briefly — with the launch of what it’s calling the city’s first-ever free grocery store. Polymarket will be open for New Yorkers in Lower Manhattan…

Job cuts surge to highest January level since 2009 as layoffs spike

U.S. employers’ announced job cuts surged in the month of January and hit the highest level since 2009, a new report shows. Global outplacement and executive coaching firm Challenger, Gray & Christmas found that employers announced 108,435 job cuts in January – an increase from the 49,795 cuts announced in the…

Chrysler recalls 450,000 vehicles over brake light failure safety risk concern

Chrysler is recalling more than 450,000 vehicles and more than 2,000 tow-trailer modules over a brake light failure that could raise the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects 456,287 vehicles and an additional 2,871 tow-trailer modules, the NHTSA said in…