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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A new report by the Government Accountability Office (GAO) warns Americans’ retirement plans may be sharing or selling personal information that can be used to market financial products and services. Over 126 million Americans are enrolled in employer-sponsored retirement plans, such as a 401(k) or similar account, with total assets…
Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash. The costume was sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,” according to the since-deleted listing. The costume was sold as part of the retailer’s seasonal Hyde…
Treasury Secretary Scott Bessent said on Monday that the regularly scheduled Treasury auctions of U.S. debt are expected to continue per usual after his agency announced an increase in the size of buybacks of longer-dated securities. Bessent spoke Monday at a press conference to discuss a new plan for the…
Google is reportedly moving forward with shifting all manufacturing of its Pixel devices outside of China starting in 2027. The tech giant has previously made its Pixel phones, watches and earbuds in China – though that’s set to change next year, with Google informing suppliers that the production of those…
Canadian Prime Minister Mark Carney suspended trade negotiations with the United States late Friday, blaming “unfair” last-minute changes to Washington’s proposed terms and announcing retaliatory tariffs against the U.S. Carney said the move comes as President Donald Trump’s 50% tariffs on roughly $28 billion in Canadian goods were set to…
Thousands of off-road motorcycles are being recalled over a braking defect that could cause serious injury or death from a crash, according to federal regulators. KTM North America Inc., of Amherst, Ohio, is recalling about 21,040 GASGAS and Husqvarna off-road motorcycles in the U.S., the U.S. Consumer Product Safety Commission…
Hyundai Motor Group’s luxury brand Genesis is launching a new electric SUV with more than 300 miles of estimated range and a cabin packed with technology. The new GV90 is expected to travel about 310 miles on a full charge. Genesis says its battery can charge from 10% to 80%…
Starbucks is laying off over 200 corporate workers as it moves forward with the turnaround strategy that it began two years ago under CEO Brian Niccol. The coffee giant on Thursday published a layoff notice under the WARN Act, clarifying plans to cut over 200 corporate roles after it previously…
close video Mortgage rates fell for the second week in a row, 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 fell to 6.65% from last week’s reading of 6.67%. The average rate on a…
The Treasury Department on Thursday moved forward with new rules for investments in Trump Accounts that aim to exclude investment funds rooted in environmental, social and governance (ESG) criteria, FOX Business has learned. The rules restricting ESG funds from being included in Trump Accounts come alongside other rules ensuring that…
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