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National Debt Tracker: American taxpayers (you) are now on the hook for $34,541,727,970,599.17 as of 5/9/24
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
People have chosen lower-cost items they buy online: report
Shoppers have been trading down in online purchases, according to Adobe Analytics. The same report showed online spending from January to April hit $331.6 billion.
Mortgage rates tick down to 7.09%
The average rate for a 30-year fixed-rate mortgage declined this week for the first time since March to 7.09% as home affordability continues to stifle the housing market.
Fed Chairman Powell finds lowering rates too easy to swallow
Fed Chairman Jerome Powell made some of the right moves, but failed the delayed gratification test and signaled that he would lower rates. Why? He bowed to political pressure, of course.
Bank creates mechanism for depositors to contribute to Baltimore bridge collapse recovery
Baltimore's CFG Bank created a special bank account for depositors to give 0.05% of their interest to a relief fund for families and workers affected by the Key Bridge collapse.
US economy at risk of becoming 'banana republic' if Trump goes to jail: Ex-White House economist
A Trump-era economist warns if the former president goes to jail, U.S. markets could tank as yields go "way, way up" and equities go "way, way down."
US needs to prioritize reliable and affordable energy: Chevron CEO Mike Wirth
Chevron Chairman & CEO Mike Wirth sits down with FOX Business' Maria Bartiromo to discuss America's energy agenda, the demand for data centers and the regulatory environment.
Federal Reserve president says rate cuts may not come in 2024
Minneapolis Federal Reserve President Neel Kashkari said that interest rates may remain elevated for an "extended period" this year until policymakers see more evidence of inflation declining.
Federal Reserve is giving your money away and it could destroy more than your wallet
The Federal Reserve went down a dangerous path after the 2008 financial crisis. It increased its balance sheet and made borrowing cheaper. The result is a $23 trillion spike in debt.
Fed president says next move likely to lower rates, but timing uncertain
Federal Reserve Bank of New York President John Williams said the central bank will likely lower interest rates as its next policy action but that the timing of the shift is unclear.