Nestle, Danone and Lactalis recalled infant formula in several countries over the possible contamination of cereulide,…
Tag: inflation
Powell says Americans forced to ‘economize’ as stubborn inflation squeezes household budgets
Fed Chair Jerome Powell reveals American consumers are struggling and looking to "economize" purchases amid stubborn…
Some retirement savers lose a key tax break under new IRS rule
New IRS rule affects high-income earners making 401k catch-up contributions. Workers earning $150,000+ must now use…
New study shows cities where cost of living is rising fastest
Major U.S. cities face surging living costs as new analysis reveals inflation impact across 30 metropolitan…
Amazon to cut 16,000 roles as it looks to invest in AI, remove ‘bureaucracy’
Amazon announces 16,000 job cuts in major restructuring to reduce bureaucracy and management layers while investing…
Amazon closing all Go and Fresh stores, eyes ‘supercenter’ concept
Amazon announced it's closing all Amazon Go and Amazon Fresh stores to focus on Whole Foods…
Consumer confidence plunges to lowest level in more than a decade
Consumer confidence "collapsed" to its lowest point since 2014, falling below pandemic lows as Americans worry…
Coal plants step up as historic winter storm pushes US power grid to the brink
Winter Storm Fern has caused hundreds of thousands of power outages, though the electric grid has…
America’s most expensive home listing drops to $99.9M after massive $40M price cut from original ask
America's most expensive listing this week: a $99.9M Bel Air estate with 12 bedrooms, a 44-foot…
Miami eyes massive $3B sports economic boost as Trump expected to attend college football championship
South Florida's ultimate sporting events lineup for 2026 delivers billions in economic impact, positioning Miami as…
Nvidia CEO says AI boom will create ‘six-figure’ construction jobs
Jensen Huang calls AI infrastructure development the "largest buildout in human history," creating massive job opportunities…
Recall expands to nearly 1M Frigidaire minifridges sold at Target over fire hazards
The recall of Frigidaire minifridges sold by Target expanded to nearly 1 million units after multiple…
Wall Street’s Texas move gains steam as NYSE Texas hits 100-company milestone
NYSE Texas achieves a major milestone with over 100 companies dual-listed in under a year, showcasing…
Elon Musk says Tesla will likely sell humanoid robots by end of next year
Elon Musk said Tesla's Optimus humanoid robots could be available for public purchase by the end…
Fed’s favored inflation gauge shows consumer prices remained elevated in November
The Commerce Department's delayed November PCE inflation report showed that inflation remained well above the Federal…
JPMorgan CFO warns Trump’s proposed credit card cap could cause people to ‘lose access to credit’
JPMorgan CFO Jeremy Barnum warned that President Trump's proposed 10% credit card interest rate cap could…
Effort to rein in Wall Street landlords could push US home prices up, investors say
Trump's housing policy restricts Wall Street home purchases, but investors warn it could backfire and drive…
Wells Fargo becomes first major bank to relocate wealth operations headquarters to Florida
Wells Fargo tells Fox News Digital that its relocation to West Palm Beach is a "strategic…
Consumer sentiment rises above expectations in January but remains below last year’s level
Consumer sentiment rose to 54 in the University of Michigan's latest survey, exceeding economists' expectations despite…
Affirm to offer buy now, pay later option for rent payments
Affirm partners with Esusu to pilot zero-fee rent payment splitting program, allowing renters to pay monthly…
Washington’s proposed millionaire tax sparks concerns of broader levy, ‘damage’ to state’s economy
Washington state GOP Chair Jim Walsh opposes the proposed millionaire tax, saying "nobody wants it" and…
Americans’ paychecks grow stronger as Main Street shows new economic strength
New economic data reveals Main Street strength as Americans see higher pay, while retail sales rose…