Economy

Confidence among builders in the U.S. housing market plunged to the lowest level since January 2023 as stubbornly high mortgage rates weighed on demand.

Inflation has fallen considerably from the highs of mid-2022, but price gains are still costing Americans an extra $680 a month compared with two years ago.

One U.S. business owner and their patron echo concerns that their dollars earned do "not stretch nearly as far" as it used to when paying for food, housing and energy.

Consumers are expected to spend a bit more over Thanksgiving weekend this year compared to last during the unofficial holiday shopping kickoff of Black Friday and Cyber Monday.

Fox News' Bret Baier breaks down the importance of rare earth elements, explaining how China plays a role in our production and what this means for the United States.

As United Auto Workers members who work for Detroit's Big Three continue to cast their votes on whether to approve the union's deals with automakers, General Motors workers are divided.

Home-purchase applications increased to the highest level in five weeks thanks to a recent drop in mortgage rates, which helped to boost consumer demand.

The Farm Bureau released data on Wednesday breaking down how much money consumers should expect to pay for a Thanksgiving dinner for 10 people this year.

Former Kansas City Federal Reserve Bank President and CEO Thomas Hoenig discusses a potential recession and the Fed's monetary policies.

The United States Postal Service on Tuesday reported a $6.5 billion net loss for fiscal year 2023. The USPS said operating revenue fell $321 million to $78.2 billion compared to the same period last year, as first-class mail fell to the lowest volume since 1968.

Minneapolis-based Target warned Wednesday that it is taking a financial hit from inventory shrink, or the loss of products due to circumstances such as theft.

Retail sales fell in October for the first time in seven months as consumers pulled back on spending in the face of inflation and high interest rates.