Inflation gauge favored by Fed showed core prices ticked higher in February
The Commerce Department released the February personal consumption expenditures (PCE) index which showed that inflation remains above the Federal Reserve's 2% goal.
Consumers' short-term economic expectations fall to lowest level in 12 years, trigger recession warning
The Conference Board's consumer confidence report for March showed deeper than expected declines, with consumers' short-term expectations dipping to the lowest level in 12 years.
23andMe bankruptcy: Will your private data be protected?
23andMe filed for Chapter 11 bankruptcy protection and is seeking a new owner. Fox Business looks into what that means for a customer's account and private data.
U.S. coffee drinkers can expect rising prices as perfect storm of factors impact global supply chains
Numerous factors have resulted in rising costs of coffee beans throughout the world, with American companies looking to offset the higher prices to consumers.
Risks of buy now, pay later: 'Ticket to overspending,' expert says
Klarna, one of the major players in the buy now, pay later space, is planning to go public. It comes as demand for such services has increased in recent years.
Social Security to require more in-person beneficiary visits to fight fraud
The Social Security Administration announced changes happening in the coming weeks in an effort to reduce fraud, according to a media release. They are set to take effect March 31.
Federal Reserve leaves key interest rate unchanged amid uncertainty over economy, inflation
The Federal Reserve on Wednesday announced that it will leave a key interest rate unchanged for the second consecutive meeting amid persistent inflation and uncertainty about the economy.
Forever 21 store closures accelerated by competition from Shein and Temu
Hundreds of Forever 21 stores are going to close by the end of the month as the company undergoes Chapter 11 bankruptcy protection for the second time in six years.
How many rate cuts does the market expect this year?
Federal Reserve policymakers are meeting for the second time this year, with markets overwhelmingly expecting them to leave rates unchanged in March, though cuts could be coming soon.
White House touts dips in egg, gas prices as win for Trump's economic policy
The White House says the recent declines in egg and gas prices in the U.S. are a result of the Trump administration's economic policy.
Market sell-off hasn't been driven by recession fears, JPMorgan analysis finds
A report by JPMorgan analysts suggests that the recent stock market sell-off hasn't been mainly driven by recession worries caused by uncertainty over the emerging trade war.
Trump officials back president's economic policies amid tariff uncertainty
Trump administration officials are defending the president's economic agenda amid concerns over tariffs and a recession that have contributed to a dip in the stock market.
PepsiCo to buy healthy soda brand Poppi for nearly $2B
PepsiCo announced on Monday that it will acquire a prebiotic soda brand called Poppi, which was founded by a family in Austin, Texas. The deal is valued at nearly $2 billion.
US retail sales rebound moderately in February
Retail sales rose 0.2% last month after a revised 1.2% decline in January, the Commerce Department's Census Bureau said on Monday. The figure missed economists' expectations.
Distillers, brewers caught in the middle of trade war: 'Collateral damage'
Distillers and brewers in the nation are being impacted by the ongoing threat of tariffs, according to experts. It comes as the trade war among the U.S. and its allies escalates.
March Madness could potentially cost US economy up to $20 billion due to 'lost productivity,' survey finds
A recent Action Network survey reveals how much time college basketball fans who work full-time spend watching March Madness, and the potential ramifications it has on the U.S. economy.
Costco customers get more hours to fill up their cars with gas
Costco members now have a longer window during which they can visit the warehouse retailer’s gas stations to get cheap fuel for their vehicles.
Mortgage rates remain near 3-month low
Mortgage rates ticked higher to 6.65% after falling for seven straight weeks and remain near a three-month low, according to mortgage buyer Freddie Mac.
Trump’s former energy chief sounds alarm on ExIm-backed gas project as threat to America first energy agenda
The U.S. Export-Import Bank's vote on a $4.7B LNG project in Africa was criticized by former Secretary of Energy Rick Perry, who warns that it undermines Trump's America-first agenda.
Is the US housing market becoming a buyer-friendly market?
Real estate experts say the U.S. housing market in 2025 will likely move from a seller's market to be a more buyer-friendly market as inventory begins to rise.