Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 amid persistently high inflation this year, a new report finds. An analysis by The Senior Citizens League (TSCL) predicts that the 2027 COLA will be 3.8%, or 1 percentage point higher than the 2026 COLA of…
California consumers could soon see higher grocery bills as the state begins implementing a sweeping packaging law that shifts recycling costs from taxpayers to manufacturers – expenses some businesses warn could eventually be passed on to shoppers. Beginning next month, California will start collecting preliminary fees under the state’s Plastic…
JPMorgan Chase Chairman and CEO Jamie Dimon is validating the growing frustration of working-class Americans, admitting in a recent interview that he completely understands why many have grown “anti-rich.” The Wall Street billionaire argued that decades of ineffective public policies have left lower-income families behind in struggling rural areas and…
Federal Reserve Chair Kevin Warsh on Tuesday told House lawmakers that the central bank’s policymakers have “no tolerance for persistently elevated inflation” in his first testimony as Fed chief. Warsh said in his prepared testimony for the House Financial Services Committee that concerns about inflation influenced the Fed’s decision to hold the…
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SpaceX has been fast-tracked into the Nasdaq-100 Index, meaning the stock performance of Elon Musk’s rocket company is now directly…
Toyota is investing $3.6 billion to expand its San Antonio, Texas, assembly plant, a move expected to create about 2,000…
Costco’s iconic $4.99 rotisserie chicken has earned a cult-like following among shoppers for years, but Consumer Reports says Sam’s Club…
Tesla reported strong second-quarter deliveries Thursday, blowing past Wall Street expectations as a rebound in Europe helped fuel hopes that…
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American consumers hoping for a swift end to years of inflationary pressures are facing a harsh reality check. While recent relief at the gas pump offered a temporary reprieve, corporate supply chain strains and the lingering effects of global trade and geopolitical shocks are expected…
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The Trump administration on Friday laid out a sweeping deregulatory plan to eliminate over 700 rules across federal agencies. The Office of Information and Regulatory Affairs (OIRA) released its 2026 regulatory plan which covered 702 deregulatory actions, an increase from 482 in the 2025 regulatory plan released by the Trump…
A father says his family of five is able to eat at Chick-fil-A for under $45 using a DIY sandwich “hack,” though menu prices vary by location amid concerns across the country about affordability due to rising costs. Jeff Johnson, a worship pastor at an Atlanta church and a podcast…
BMW is “here for the long game” in the U.S. as it completes a $1.7 billion South Carolina investment and prepares to build fully electric vehicles at its largest plant, its North America CEO told FOX Business. Sebastian Mackensen, president and CEO of BMW of North America, said the investment…
In an Independence Day announcement, tech billionaire Michael Dell and his wife Susan unveiled a “public-private partnership” aimed at giving millions of young Americans a direct financial stake in the nation’s economy. The Dell Technologies CEO took to X on Saturday to announce they are giving $250 each to the…
This Fourth of July marks the 250th anniversary of the founding of the U.S., and while Americans around the country are celebrating the occasion, it also serves as an opportunity to reflect on what helped make the U.S. the world’s largest economy and the reasons it’s still a great place…
Microsoft is expected to lay off up to 2.5% of its workforce as early as next week. The cuts, which could affect 5,000 employees, may impact sales, consulting and the Xbox gaming unit, according to a report from Business Insider Tuesday. The layoffs would mark the latest round of restructuring in…
The Treasury Department on Wednesday announced the lineup of investment funds that will be available in Trump Accounts for families to choose from in the months ahead as they use the accounts to invest in their children’s futures. When the program officially launches on July 4, all contributions to Trump…
Goldman Sachs on Thursday announced that it will make a matching contribution to Trump Accounts for eligible children of the firm’s employees. The company will make a one-time matching contribution of $1,000 to employees with children born between 2025 and 2028 upon the time of enrollment in Trump Accounts, matching the…
This story about the June 2026 jobs report will be updated with further details. The U.S. economy added jobs at a steady pace in June despite headwinds caused by elevated inflation and uncertainty over the Iran war’s economic impact.What are the key findings of the June 2026 jobs report? The…
President Donald Trump on Wednesday announced that fuel prices will be lowered at select gas stations in the Philadelphia area just ahead of the Fourth of July holiday, as he boasted that oil and gas prices are dropping. On Friday, Freedom Fuel Network will be lowering gas prices at 25…
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