This story about the February 2026 PCE inflation is developing and will be updated with more details. The Federal Reserve’s preferred inflation gauge remained stubbornly high in February as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a…
Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, 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 6.37% from last week’s reading of…
Amazon is signaling a major shift in how it plans to serve customers, starting with rewriting parts of its own playbook. CEO Andy Jassy released his annual letter to shareholders on Thursday, writing that the tech giant is not content to simply add artificial intelligence features to its existing retail…
Americans are facing a tale of two grocery lists. While some prices are cooling, the items families rely on most for energy and nutrition — meat and coffee — are seeing sharp increases that wipe out any savings in the bread aisle.Fourteen of the 25 most common grocery store staples…
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Oracle on Monday announced it hired a new chief financial officer after the software giant moved forward with layoffs last…
Tech giant Meta is planning to move forward with laying off about 200 employees in the San Francisco Bay Area.…
As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department of Energy is tapping further…
General Motors is planning to ramp up production of heavy-duty pickup trucks in Michigan this summer amid strong demand for…
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JPMorgan Chase CEO Jamie Dimon warned that New York City and other cities with high taxes and regulatory burdens run the risk of losing businesses and workers to locales with more hospitable business climates. Dimon released his annual letter to shareholders on Monday in conjunction…
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Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday that she’s penciled in multiple rate cuts before the end of the year. “I’m still concerned about the job market,” Bowman, considered one of the more hawkish members of the Federal Open Market Committee, said during an interview on…
Nearly 90,000 bottles of children’s ibuprofen have been recalled over the potential presence of a foreign substance, according to the Food and Drug Administration. Strides Pharma, Inc., headquartered in India, recalled about 89,592 bottles of its 100-milligram Children’s Ibuprofen Oral Suspension, the FDA said. The affected product was manufactured for Taro…
A new tax break is available this filing season for taxpayers who have car loans on vehicles that meet certain specifications. The One Big Beautiful Bill Act (OBBBA), which was passed through Congress by Republicans using the reconciliation process and signed into law last year by President Donald Trump, included a provision…
Iranian strikes have cut about 17% of Doha’s liquefied natural gas (LNG) export capacity, QatarEnergy’s CEO told Reuters in an interview on Thursday. Saad al-Kaabi said the disruption could result in an estimated $20 billion in lost annual revenue and threaten supplies to Europe and Asia.The CEO of the state-owned…
Mortgage rates jumped this week to the highest level in nearly four months, 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 6.22% from last week’s reading of 6.11%. The average rate on…
Treasury Secretary Scott Bessent said the U.S. government will not intervene in oil futures markets even as the administration moves to offset supply disruptions tied to the Iran conflict, arguing that Washington’s response will focus on boosting physical crude availability instead. “We’re absolutely not doing that,” Bessent told FOX Business’…
The IRS released its “Dirty Dozen” tax scams for the 2026 filing season to warn taxpayers, businesses and tax professionals about the tactics used to commit identity theft and other forms of fraud. IRS CEO Frank Bisignano said in a statement released earlier this month on “Slam the Scam Day” that…
Popular ticket-selling platform SeatGeek is facing backlash after a job posting offering up to $175,000 and perks like $25,000 in “gender-affirming care” benefits sparked outrage online and renewed criticism over the company’s pricing. The company is seeking an analytics engineer to join SeatGeek’s data team, noting applicants should have a…
The Federal Reserve on Wednesday left interest rates unchanged amid mounting uncertainty over how the Iran war will impact the economy and in turn the central bank’s approach to monetary policy, raising questions over whether any rate cuts will occur this year. The Fed’s monetary policy panel, known as the Federal…
The Federal Trade Commission (FTC) issued warnings to 97 auto groups around the country, reminding them their advertised prices must be the total price, inclusive of all mandatory fees, that consumers will have to pay. The FTC said its letters encouraged auto dealers to review their advertising and pricing practices to ensure…
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