Energy and food prices drove inflation in December
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers of stubborn inflation experienced by consumers.
Malibu woman, who was once homeless, fears being unhoused again in wake of wildfires
Malibu woman her husband, 5-year-old son and 11-month-old daughter are among many who fear the fate of being unhoused as the wildfires continue to claim homes.
Inflation rises 2.9% in December, in line with expectations
The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.
US producer prices rise moderately in December
The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.
US economy added 256K jobs in December, well above expectations
The Labor Department released its jobs report for December, which showed the U.S. economy added 256,000 jobs last month, well above economists' expectations.
Palisades real estate: How long will it take to rebound from devastating fires?
After the fires are extinguished, a real estate economist told FOX Business that that movement in the market ill kick back up for homes that aren't damaged.
Medical debt will be removed from credit reports: What this means for Americans
The Biden administration finalized a new rule that will prevent Americans from the harm caused by medical debt, including being coerced by debt collectors to pay bills they do not owe.
How credit card swipe fees are affecting shoppers
Industry experts say credit card swipe fees are taking a chunk out of Americans' spending power. But Electronic Payments Coalition claimed these processing costs are among the lowest.
New Orleans tourism: Will it take a hit after terrorist attack?
Travel experts tell FOX Business that the number of people traveling to New Orleans won't be significantly impacted following the terrorism attack on New Year's Day.
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.
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.