OpenAI CEO Sam Altman signaled that the company will delay its initial public offering (IPO) amid concerns about the safety and alignment of AI models given potential risks they could pose to society. The ChatGPT-maker confidentially submitted an S-1 filing with the Securities and Exchange Commission in June to begin the…
Americans’ 401(k) balances reached a record high in the second quarter of 2026, new data shows. The average 401(k) balance climbed to a record $155,800 in the second quarter of 2026, up 10.5% from the previous quarter and 13.1% from a year earlier, according to Fidelity Investments’ Q2 2026 Building…
Ford announced Thursday that it’s planning to expand its manufacturing presence in Kentucky with a $1 billion investment in a new state-of-the-art paint shop at its Kentucky Truck Plant. The investment will allow for the construction of a new paint shop, which will replace its existing paint shop and further…
Inflation remained elevated in August even as the pace of consumer price growth from a year ago remains elevated, as the Federal Reserve considers a potential interest rate hike next month. The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of…
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The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year,…
For decades, Americans were given the same advice about money: Find a good financial adviser. Trust the person, not just…
Investors are increasingly focused on not just how they invest their money but also how they can optimize their after-tax…
As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs)…
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A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a “perfect storm” for Americans’ wallets, according to a credit repair expert. On Thursday, WalletHub released its list of the states with…
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School districts across the country continue to struggle to recruit and retain enough school bus drivers, forcing them to compete with other employers for a limited pool of qualified workers despite higher wages. School bus driver employment remained 9.5% below 2019 levels in August 2025, even as inflation-adjusted hourly wages…
Amazon said it is cooperating with authorities after a cargo plane operating on behalf of Amazon Air crashed while attempting to land at Miami International Airport on Sunday, killing at least five people and injuring five others. The company confirmed to FOX Business that the aircraft involved in the crash…
Campbell’s said it has cut 13% of its salaried workforce and closed two snack plants in an effort to improve its operations and return to profitability. “Make no mistake, our results remain unacceptable,” CEO Mick Beekhuizen said. “But instead of waiting for the environment to improve around us, we are…
This story about the August 2026 jobs report will be updated with further details. The U.S. economy rebounded in August, adding jobs at a solid pace after a surprise decline in July amid economic uncertainty.What are the key findings of the August 2026 jobs report? The Bureau of Labor Statistics on…
The average price for diesel has reached a new record of $5.85 as of Sept. 4, surpassing the prior high of $5.8159 set back in June 2022, according to AAA. The AAA national average for diesel increased from $5.7832 on Thursday to $5.85 on Friday.The month-ago average was $5.3715 and…
More than 15,000 popular children’s squeeze toys have been recalled over serious injury hazards linked to the beads they contain, according to federal regulators. Two recalls have been issued — one for Squeezy Dumplings from GIHNJSI and one for Rainbow Mystery Squishy Buns from OKK Trading.Both products contain water beads, which could expand within…
EXCLUSIVE: Goldman Sachs is making progress on its new 800,000-square-foot campus in Dallas as it deepens its presence in the city, which has emerged as a key regional financial hub. The firm has a longstanding presence in the Dallas metro area, where it has its second-largest base of employees in…
Mortgage rates rose to the highest level in more than a year, 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 rose to 6.71% from last week’s reading of 6.66%. It was the highest…
The rapid buildout of artificial intelligence (AI) infrastructure is expected to accelerate in the years ahead, with a new analysis projecting investment in the sector will top $31 trillion through 2050. A report by PwC projects that capital expenditures on AI infrastructure will reach $31.6 trillion by 2050 as companies…
Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday. The ride-hailing giant’s CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are…
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