Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government…
Author: By Foxbusiness
Americans surge toward financial resolutions for 2026 amid household budget concerns
With the New Year comes a chance for a financial reset and more Americans are considering…
Widening K-shaped economy pattern across income groups
The U.S. is showing signs of a “K-shaped” economy with spending among lower-income consumers showing little growth…
Oil and gas prices expected to stay significantly lower through 2026
Oil and gasoline prices are expected to decline next year, according to a recent forecast from…
IRS guidance for Trump’s ‘no tax on tips’ and overtime deductions: What to know
The new year will bring a host of tax benefits that Americans can take advantage of…
Court rules Trump administration must fund consumer finance watchdog
A federal judge ruled Tuesday that the Trump administration is legally required to secure funding for…
Mortgage rates hit 2025 low as homebuyers catch a break
Homebuyers can usher in 2026 with a little relief as mortgage rates fell to the lowest…
Trump narrows Fed chair picks, January decision expected
Ahead of the New Year’s holiday, President Donald Trump said he will make a decision on…
Further rate cuts in question as Fed policymakers deeply divided over December cut, minutes show
Federal Reserve policymakers were deeply divided over the decision to cut interest rates at their meeting…
Workers in 19 states get pay boost as minimum wages jump nationwide on New Year’s Day
American workers at the bottom end of the pay scale are set to see the minimum wage…
Trump calls Fed chair Powell a ‘fool,’ threatens lawsuit over headquarters renovation
President Donald Trump on Monday launched a renewed attack on Federal Reserve Chair Jerome Powell, accusing Powell…
IRS hands workers bigger tax break for business expenses in 2026
People who use their cars for work will be able to deduct more money per mile…
Ground beef recalled in 6 states over possible E. coli contamination
Grass-fed ground beef that was distributed to six states has been recalled over possible E. coli…
Outback Steakhouse sued after man suffers ‘serious bodily injury’ from toilet shattering under him
A Florida man filed a lawsuit against Outback Steakhouse alleging that he was on a handicapped…
Musk sounds alarm on silver as China restricts exports needed for critical industrial processes
Tesla CEO Elon Musk is raising the alarm over surging silver prices as China prepares to impose…
US economy expected to grow faster in 2026 despite stagnant job market: Goldman Sachs
The U.S. economy’s resilience in 2025 is expected to carry over when the calendar turns to…
IRS reveals updated retirement contribution limits for 2026
The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs. Americans who…
$400k shipment of live lobsters hijacked en route to Midwest Costco locations
A $400,000 shipment of lobsters headed for Costco locations in Illinois and Minnesota was hijacked before…
Jack in the Box shut down more than 70 stores with more expected by year’s end over financial struggles
Jack in the Box plans to close dozens of restaurants by the end of the year…
Holiday barks sold at Aldi recalled over potential undeclared pecans, wheat: FDA
A recall of 5-ounce holiday bark products sold at Aldi stores across the country has been…
Mortgage rates fall ahead of Christmas holiday
Mortgage rates fell again this week, mortgage buyer Freddie Mac said Wednesday. Freddie Mac’s latest Primary…
Where you can shop for your last-minute Christmas needs
Whether it’s a carton of milk or a gift for your cousin who has just decided…