Mortgage rates rise for second straight week, highest since July
This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to mortgage buyer Freddie Mac data.
Fed’s preferred inflation gauge in November was lower than expected, but remains elevated
The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.
Head of billion-dollar brokerage firm gives his view of real estate market in 2025
The Agency founder and CEO Mauricio Umansky told FOX Business about the trends he expects to see in the real estate market in 2025. In particular, he sees more movement in the market.
Federal Reserve cuts interest rates by quarter point in December
The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.
Costco rejects union demands as contract deadline looms
The Teamsters said that Costco rejected 98% of the contract provisions it proposed, underscoring how tensions are rising between both sides ahead of the deadline.
Chances of Fed rate cut rise despite higher November inflation report
The market sees the probability of another 25 basis point interest rate cut at next week's Federal Reserve meeting as rising despite inflation ticking higher in November.
Inflation rises 2.7% in November, in line with expectations
The Labor Department released new inflation data for November, which showed that prices were up 2.7% from a year ago as the Federal Reserve weighs another interest rate cut.
Gas prices hit a 3-year low – where are they headed next?
Drivers are getting some relief at the pump this week as the average cost for a gallon of regular gasoline in the U.S. reached a three-year low, AAA said.
The U.S. added 227,000 jobs in November, setting in motion potential Fed rate cuts in December
The job market remains stable but isn’t growing substantially. This may lead to more interest rate cuts when the Fed meets in December.
US economy added 227K jobs in November, above expectations
The Labor Department on Friday released the much-anticipated November jobs report, which showed the economy added 227,000 jobs while the unemployment rate ticked up.
Elon Musk weighs in on health care costs amid insurance scrutiny
Billionaire Elon Musk on Thursday weighed in on the cost of health care in the U.S., questioning the value Americans get for the coverage they receive.
Dollar Tree could drop some products if tariffs are enacted
Dollar Tree's interim CEO told analysts the company has strategies it can implement, such as changing or removing certain products to mitigate risks from tariffs.
Stuart Varney: The 'Trump effect' is everywhere you look
FOX Business' Stuart Varney discusses how President-elect Trump's election win has positively impacted nearly all aspects of life, while pushing stocks and bitcoin to new highs.
Millions of car owners are delaying maintenance repairs as costs rise
Millions of car owners are delaying repairs on their cars. About 30 million cars on the road today are behind on things such as oil changes and tire rotations, according to Carfax data.
Private sector adds 146,000 jobs in November, below expectations, ADP says
Companies in the private sector added 146,000 jobs in November, payroll processing firm ADP said on Wednesday. The figure is below economists’ estimates of 150,000 jobs.
Cyber Monday spending hits record $13.3B
Consumers spent more than $13 billion online during Cyber Monday, according to Adobe Analytics data, surpassing expectations. The figure was over 7% higher than the prior year.
Cargill to lay off thousands of workers amid falling commodity prices
Cargill Inc. is laying off thousands of workers globally as it faces pressures related to lower commodity prices. The cuts equate to about 8,000 jobs.
Fed's favored inflation gauge showed price growth picked up in October
The Commerce Department released data showing that PCE inflation ticked higher in October, though the Federal Reserve's preferred inflation gauge remained near last month's level.
Majority of Americans lack economic security, study finds
A study measuring the true cost of living found that more than half of American households do not have the resources to pay their bills and have enough money left over for savings.
Fed's Goolsbee makes case for lower interest rates
Chicago Federal Reserve President Austan Goolsbee said the neutral rate is "well below" where it is right now, and policymakers can cut further so long as the economy does not overheat.