The Walt Disney Company is reportedly backing away from plans to spin off ESPN, shelving years of speculation that a standalone sports network could help offset the company’s declining cable business. The decision marks one of the first major calls under CEO Josh D’Amaro, who stepped into the role in…
Many California residents who move out of the state are finding substantial savings on housing costs and an easier pathway to homeownership as affordability concerns weigh. A recent analysis by the California Policy Lab at UC Berkeley, using data that anonymously tracks the same households over time from 2016 to…
The Federal Reserve will announce its latest interest rate on Wednesday when Fed Chair Jerome Powell will host what may be his final press conference as the leader of the central bank, with his term as chairman due to expire next month. The Federal Open Market Committee (FOMC), the Fed…
The United Arab Emirates said on Tuesday that it will leave OPEC and OPEC+, effective May 1. The stunning loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front despite internal disagreements over a range of…
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Roughly 1,400 people across Nike’s Global Operations team will be laid off, the company announced Thursday. In a memo to…
American Airlines CEO Robert Isom rejected the idea of a United Airlines merger, telling investors on Thursday’s first-quarter earnings call that…
Most people who delay investing aren’t doing so because they think putting their money into the markets is a bad…
Most investors have heard that investing in the S&P 500 is one of the best ways to create long-term wealth.…
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Treasury Secretary Scott Bessent pushed back Wednesday after Sen. Chris Coons, D-Del., suggested temporary sanctions relief for Iran has granted the country $14 billion during the war. During a fiery exchange at Wednesday’s Senate Appropriations Committee subcommittee hearing on the 2027 fiscal budget, Coons levied…
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California’s housing market is seeing an increase in inventory while the state’s population growth slows, but strong demand stemming from longstanding scarcity has kept the market tight. An analysis by the Public Policy Institute of California (PPIC) found that the state added 677,000 housing units over a six-year period in…
A bold merger proposal from United CEO Scott Kirby to President Donald Trump has left American Airlines’ CEO Robert Isom in the crosshairs, with analysts predicting the board may oust him in response to the potential industry shakeup. Kirby reportedly lobbied Trump for his blessing on a merger that has fueled…
Businesses can begin filing for tariff refunds on Monday as the federal government starts unwinding billions of dollars in import duties imposed by the Trump administration under emergency powers, opening the door to what could be one of the largest repayments to importers in U.S. history. At 8 p.m. ET…
A recall affecting more than 400,000 power banks has been reissued after federal regulators reported additional incidents, including a fatal fire and a separate onboard airplane fire. About 429,000 Casely Power Banks 5000mAh portable MagSafe compatible wireless chargers are included in the recall announced last week due to fire and…
The parent company behind well-known shopping channels QVC and HSN has filed for Chapter 11 bankruptcy. QVC Group, which filed in the U.S. Bankruptcy Court for the Southern District of Texas, announced the filing in a press release Thursday, saying the company will undergo a restructuring support agreement (RSA)…
A Kansas-based restaurant group with several steak and seafood locations in Kansas, Missouri, Minnesota, Colorado, Virginia, Nebraska and Iowa, has filed for bankruptcy. 801 Restaurant Group LLC filed for Chapter 11 reorganization last Friday in U.S. Bankruptcy Court in Kansas, the company confirmed to Fox Business.801 Restaurant Group owns several…
Walmart announced that it’s planning to remodel more than 650 of its stores around the U.S. while it also will open about 20 new stores in 2026 and early 2027. The retail giant said on Thursday that the plan builds on its 2024 commitment to open or convert over 150…
Oil prices plummeted more than 10% on Friday after Iran’s foreign minister said that the Strait of Hormuz will be open to all commercial shipping traffic for the duration of the ceasefire between Israel and Lebanon. Prices for West Texas Intermediate crude fell over 10% to under $85 a barrel,…
American retirees who are receiving Social Security will see an annual cost of living adjustment (COLA) next year, and a new report projects that next year’s benefit increase may be smaller than many retirees expect. A new analysis by The Senior Citizens League (TSCL) predicts that Social Security’s 2027 COLA…
Mortgage rates fell 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 declined to 6.3% from last week’s reading of 6.37%. The average rate on a 30-year loan was 6.83% a year ago.…
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