The U.S. economy added jobs at a modest pace in May amid uncertainty surrounding the impact of conflict in the Middle East on the labor market. What are the key findings of the May 2026 jobs report?The Bureau of Labor Statistics on Friday reported that employers added 172,000 jobs in May.…
A shifting economic landscape has culminated in Texas, dethroning California as the nation’s premier hub for Fortune 500 companies. Data from the 2026 Fortune 500 list show Texas leading with 57 headquarters, compared with California’s 56, marking a reversal from two years ago, when California held the lead.Additionally, corporations in…
A new report from the Federal Reserve finds that inflation is pushing prices higher at a strong pace in most of its regional districts around the country, driven by the surge in energy prices. The Fed on Wednesday released its latest edition of the Beige Book, which summarizes economic conditions…
Ford recently announced a recall affecting nearly 420,000 Ford Expedition and Lincoln Navigator sport utility vehicles (SUVs) over an issue with seat belts locking and potentially causing injury to occupants during a crash. The auto recall covers 342,283 Ford Expedition vehicles from model years 2018 to 2022, as well as…
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Artificial intelligence (AI) giant Anthropic said on Monday it had confidentially filed for its U.S. initial public offering, as the…
JPMorgan Chase Chairman and CEO Jamie Dimon issued an unfiltered, aggressive warning against a new crypto-friendly bill moving through Congress…
Costco’s gas stations saw a surge in demand in the most recent quarter as consumers sought out its low-priced gasoline,…
Americans who are retired or are approaching retirement and are evaluating their investment portfolios can turn to exchange-traded funds (ETFs) that…
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California’s self-inflicted economic wounds have reached a fever pitch in 2026. Strapped with record-high gas prices, a staggering $31 billion transit deficit and a radical billionaire wealth tax heading to the ballot this November, the Golden State is witnessing an unprecedented mass migration.It is no…
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Americans who will be traveling this summer could see the cost of their summer vacations jump due to the spike in jet fuel prices. The energy market has seen increased volatility since the Iran war began and the flow of oil through the Strait of Hormuz has been severely constrained…
Most investors have heard that investing in the S&P 500 is one of the best ways to create long-term wealth. It’s probably the default option in their workplace retirement plan. Even a lot of self-directed investors will put their money in the Vanguard S&P 500 ETF or the iShares Core…
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,…
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