Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in line with economists' expectations.
Trump tariff threats on Canadian oil could impact three US regions, gas analyst says
Patrick De Haan, head of petroleum analysis at GasBuddy, warned Americans in the Midwest, the Rockies and the Great Lakes regions may be most affected by tariffs on Canada.
US economy grew 2.3% in the fourth quarter, slower than expected
The U.S. economy grew at a rate of 2.3% in the fourth quarter of 2024, according to a new estimate released by the Commerce Department's Bureau of Economic Analysis.
National Plan for Vacation Day encourages Americans to arrange travel plans
A travel expert speaks on National Plan for Vacation Day about happenings at Disney parks this year and the importance of Americans using their time off.
Vice President JD Vance pressed on when grocery prices will come down: 'Which one lowers prices?'
Vice President JD Vance was pressed on Sunday during an interview about when grocery prices would come down for Americans following President Trump's first week in office.
Existing home sales fall to lowest level in nearly 30 years
Existing home sales declined in 2024 to the lowest level since 1995, while median home prices rose to a record high as elevated mortgage rates confound the market.
Trump wants to fix the housing affordability crisis: What it will take
The Trump administration announced plans to make housing more affordable, citing regulatory requirements as a main driver for why so Americans are unable to purchase homes.
Starbucks corporate layoffs looming in March: CEO
Global coffeehouse chain Starbucks will cut corporate jobs as new CEO Brian Niccol continues to implement changes to bolster lagging sales and improve profitability.
Trump touts energy plans in inaugural address
President Trump previewed his administration's plans for energy policies in his inaugural address, including a national energy emergency and refilling reserves.
Costco Teamsters vote to authorize strike
Thousand of Costco Teamsters across the U.S. are preparing to strike by the end of the month if the company does not present a "fair contract offer," the union says.
Trump nominates Olivia Trusty for FCC commissioner as agency would gain Republican control
President-elect Trump selected Senate staffer Olivia Trusty for FCC commissioner on Thursday, a pick that would give Republicans control of the agency.
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.