School districts in several states are facing mandates to incorporate electric buses into their school bus fleets, with the EVs bringing with them different operating costs and posing new challenges. Several states, including New York and California, have implemented requirements that school districts buy zero-emission school buses with their new purchases.…
Cruise lines are facing headwinds as rising oil prices push their fuel costs higher amid the Iran war, as analysts are warning that Carnival could see the biggest hit to its 2026 profit. Oil prices have risen over 35% since the war with Iran began amid attacks on oil and transportation facilities…
Honda announced a $15.7 billion writedown of its electric vehicle (EV) business last week as the company shifts its U.S. strategy to account for weak consumer demand for EVs. The second-largest automaker in Japan said Thursday that it will restructure its EV business and cancel three planned battery-powered EV models that…
Union leaders representing Transportation Security Administration (TSA) workers in Atlanta called on lawmakers Monday to end the Department of Homeland Security (DHS) shutdown, saying the stalemate has crippled its members financially as they continue to work without being paid. Aaron Barker, the president of AMG local 554, said the union’s…
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Papa John’s International is reportedly reviewing a new proposal to take the company private in a potential $1.5 billion acquisition,…
The Internal Revenue Service has doled out millions of tax refunds amid the ongoing 2025 tax filing season. More than…
There’s good news for potential homebuyers: mortgage rates continued to trend down this week. In January, rates hit 7.04%, the…
Annual inflation increased to 2.8% in February, an unexpected decline from 3.0% in January, according to the Consumer Price Index (CPI)…
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This is a developing story about the second reading of fourth-quarter gross domestic product growth. Please check back for updates. The U.S. economy grew at a slower rate than previously thought in the fourth quarter after the Commerce Department released its first revision of real gross…
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This story about the February 2026 jobs report is developing and will be updated with more details. The U.S. economy shed jobs unexpectedly in February as employers pulled back to start 2026 amid economic uncertainty.What are the key findings of the February 2026 jobs report? The Labor Department on Wednesday…
Target announced on Thursday it will open its 2,000th store this month in North Carolina as part of an expansion that will include dozens more stores opening this year. The milestone 2,000th location will open in Fuquay-Varina, North Carolina, on March 15. It will be Target’s 55th store in North…
A record number of Americans tapped into their 401(k) retirement savings for hardship withdrawals last year due to financial challenges, new data shows. Vanguard Group reported that 6% of participants in 401(k) plans administered by the firm took hardship withdrawals in 2025, up from 4.8% in 2024.That figure is also well above…
Layoffs eased in February as new data showed that U.S. employers announced fewer job cuts last month after they were elevated to start the year, new data shows. U.S. employers announced 48,307 job cuts in February, according to a report by global outplacement and executive coaching firm Challenger, Gray & Christmas.…
Mortgage rates ticked higher to 6% this week, 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% from last week’s reading of 5.98%. The average rate on a 30-year loan was 6.63%…
Morgan Stanley, one of the world’s largest investment banks, is cutting 3% of its workforce, roughly 2,500 employees, across all business divisions. The job cuts impacted Morgan Stanley’s three major divisions — investment banking and trading, wealth management and investment management — but not its financial advisors, FOX Business confirmed.The…
The U.S. Department of Agriculture (USDA) recently released a trade forecast showing the farm trade gap narrowing significantly during fiscal year (FY) 2026. The forecast shows the agricultural trade deficit falling from $43.7 billion in FY2025 to a projected $29 billion in FY2026, an improvement from last year’s level and…
Companies in the private sector added 63,000 jobs in February, payroll processing firm ADP said Wednesday. The figure is above economists’ estimates of a gain of 50,000 jobs. The prior month’s payrolls number was revised lower to a gain of just 11,000 from an initially reported gain of 22,000.”We’ve seen…
A single digital gambler known only as “Magamyman” walked away with $600,000 this weekend after successfully betting on the U.S. military’s strike against Iranian leadership—and he was not alone. As millions of dollars flooded into controversial prediction markets tied to U.S. strikes on Iran and the death of Ayatollah Ali…
Stanley Black & Decker said it will eliminate roughly 300 positions in New Britain, Connecticut, and close a manufacturing facility that produces single-sided tape measures as part of its ongoing restructuring efforts. The move is tied to what the company described as a sustained decline in demand for the product…
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