Economy

High inflation is forcing more small businesses to rely on credit cards to finance their operations, according to new data published by Bank of America.

A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023.

Barry McCarthy was tapped to lead Peloton in order to right the ship. The past two years have been filled with various cost-cutting measures and efforts to broaden is customer base.

National Hockey League Commissioner Gary Bettman breaks down hockey's rating success and discusses developments in the league on "The Claman Countdown."

FOX Business host Larry Kudlow reveals why former President Trump is appealing to voters despite Democrats' efforts to "keep a good man down."

California restaurant owners say they will be forced to raise menu prices even higher after a new law that bans fees and surcharges goes into effect in July.

The Federal Reserve announced it would maintain the federal funds rate at 5.25% to 5.5%, where rates have held steady since last July.

Mortgage rates rose again this week, with the average 30-year fixed-rate note climbing further past 7% in another blow to the struggling housing market.

The April jobs report, due out Friday morning, is expected to show the labor market is continuing to moderate due to higher interest rates and inflation.

The Federal Reserve is standing pat on interest rates for now, with the timing of a cut uncertain. Still, the backdrop remains supportive for the U.S. job market and the rank and file.

Peloton CEO Barry McCarthy is stepping down from the beleaguered high-end fitness company after just over two years in the role, the company announced Thursday.

The botched rollout of a new FAFSA form for students and families to apply for federal financial aid has caused colleges to delay their aid offers, leaving students in limbo.

Home share Airbnb is launching the first product outside its core service as it seeks to drum up demand from younger users and international tourists.

The Federal Reserve signaled that it will keep interest rates higher for longer amid stubborn inflation, keeping borrowing costs elevated for Americans.