Mortgage rates jump as tariffs hit markets; biggest spike in nearly a year
The average rate on the 30-year fixed mortgage rose this week to 6.83%, according to the latest Freddie Mac data released on Thursday. That's up from last week's reading of 6.62%.
Retail sales surged in March led by autos as consumers looked to beat tariffs
Retail sales rose in March as consumers stepped up purchases of durable goods like vehicles in an effort to beat anticipated price hikes after tariffs were implemented in April.
China tariffs mean 'Christmas is at risk,' toy industry CEO says
Toy costs are expected to rise by the fall, one expert says, as a result of Chinese tariffs. But last month, some U.S. toy companies said they are benefitting.
Unemployment worries jump to highest level since 2020 in New York Fed survey
The New York Federal Reserve's new survey of consumer expectations found Americans are more pessimistic about the labor market amid concerns over rising unemployment.
How one Trader Joe's bag turned into a 'status symbol'
Trader Joe's launched a limited-time line of mini canvas tote bags and its causing another buying frenzy. Lines have wrapped around stores across the nation.
'Necessary' or 'bullying our friends?' Americans differ starkly on Trump tariffs
Everyday Americans weigh in on whether or not they have faith in Trump's tariffs against the world's biggest economic powers and his negotiating skills.
Recession fears, tariff uncertainty prompt plunge in consumer sentiment
The University of Michigan's consumer sentiment survey showed a sharp decline this month amid President Donald Trump's tariffs, which have spurred higher inflation expectations.
Water bills rise, putting some at risk of falling into 'water debt'
Water bills are on the rise and it could cause more cash-strapped households to fall into "water debt," according to a recent report from the Bank of America Institute.
Mortgage rates tick lower for third straight week
Mortgage rates ticked slightly lower this week to 6.62%, according to the latest Freddie Mac data released on Thursday. That's down from last week's reading of 6.64%.
Veteran-owned Flags of Valor believes in American-made products: 'The foundation of everything we stand for'
Brian Steorts, combat veteran and founder of flag-making business Flags of Valor, focuses on building "American products, on American wood, with American tools, made by American hands."
Inflation increased at a slower pace in March
The Labor Department on Thursday released the March consumer price index (CPI) report, which showed inflation rose at a slightly slower pace last month, though it remains above the Fed's goal.
Trump's tariffs: What tariffs have been imposed on major trading partners or paused?
President Donald Trump announced a 90-day pause and "substantially" lower reciprocal tariffs on all countries aside from China. FOX Business breaks down what tariffs were imposed since January.
Walmart leaning into tariff uncertainty: 'Positioned to play offense'
Executives of the largest private employer in the U.S. are still confident in the business despite growing concerns from the business community around tariffs.
Walmart, Delta Air Lines warn of sales volatility, slower growth
Major corporations from retail to travel have already started to shift business plans as President Donald Trump's tariff plans against major trading partners continues to escalate.
Levi Strauss CEO says any price hikes related to tariffs will be ‘surgical’
Levi Strauss & Co. CEO Michelle Gass said if the company raises prices due to President Donald Trump's tariffs, the increases would be "very surgical."
Schumer: US should be tough on China but smart about it
Senate Minority Leader Chuck Schumer commented on President Donald Trump's tariffs and said that the United States needs to be tough on China, but smart about it.
Gas prices could fall as crude oil plummets, expert says
Consumers typically see a jump in gas prices as refineries switch to a summer-grade blend. However, this year could be different as crude oil prices are falling.
CBP set to enforce ‘Liberation Day’ tariffs, has collected over $200M per day in additional associated revenue
The Trump administration’s latest trade offensive is underway as Customs and Border Protection (CBP) begins enforcing “Liberation Day" tariffs, pulling in more than $200 million a day.
New study exposes how a blue state's 'self-inflicted' policies are responsible for high gas prices
A new study concluded that policies play a significant factor in higher gas prices in the state, whereas the governor’s office and others argue that price gouging is still a critical factor.
US economy added jobs at a faster pace in March
The U.S. economy added 228,000 jobs in March, above economists expectations, as payroll growth continued at a faster pace despite mounting economic uncertainty.