Monday's trading: 5 things to know
The key events taking place on Monday that could impact trading include big-ticket items report and pending home sales for May.
400K patio umbrellas sold at Costco recalled over fire risk
The patio umbrellas, which boast solar panels and LED lights, have a manufacturing defect that can result in the umbrella being burned or catching on fire.
'Shrinkflation' dupes customers as companies seek profits during inflation spike
As the economy tightens and inflation persists, many corporations turn to "shrinkflation" to push profits higher without shocking consumers with higher prices.
FDA investigated more baby deaths related to Abbott plant than previously known: report
The Food and Drug Administration reportedly investigated more child deaths due to contaminated baby formula from Michigan's Abbott plant than previously known.
Consumer confidence takes inflation hit
The Conference Board's Expectations Index – which assesses consumers' short-term outlook for income, business, and labor market conditions – also declined.
Spirit, Frontier and JetBlue: Pros and cons
JetBlue and Frontier Airlines are both chasing Spirit Airlines in a takeover battle that will impact not only shareholders but passengers. Fox Business takes a look at what's in it for passengers.
Food pantry staffers say inflation, higher prices bringing more people through their doors
Two years ago, at the beginning of the pandemic, we saw empty shelves in grocery stores. Now, shelves are full, but prices are higher, and some people say if this is the “new normal” for food costs, they can't keep up.
As inflation rises, small businesses feel the financial crunch
Depending on the business, supply chain issues, shipping delays and hiring shortages have made the pandemic feel like a roller coaster. And the ride isn’t over yet.
Retail expert warns rise in crime could 'catalyze the next recession'
Strategic Resource Group managing director Burt Flickinger argued that rising retail crime “is going to compromise the supply chain, crush the economy and catalyze the next recession.”
US port delays: Outcome of holidays will determine if supply chain crisis extends into 2023, experts say
With the U.S. past the peak of consumer demand and the winter holidays nearly over, experts say the next couple of months will be critical to determine whether the supply chain crisis brought on by the pandemic will extend into 2023.
Authorities warn of criminals using QR codes, gift cards to scam people this holiday
The FBI says thousands of people become a victim of holiday scams every year, and scammers are finding new ways to rob people of their money and personal information.
Best Buy billionaire founder 'feeling really good about the holiday season' despite rising inflation
Best Buy founder Richard Schulze said that he is “feeling really good about the holiday season” despite rising inflation.
Rising food costs pounding shoppers’ wallets; ‘No choice’ but to increase prices: Goya CEO
Goya CEO Bob Unanue told FOX Business he had “no choice” but to increase prices for goods as manufacturers and shoppers have been feeling the pinch of the rising cost of food due to supply chain disruptions, labor shortages and inflation.
Truck driver shortage hits record high, threatening to hurt holiday shopping
The holidays could become more complicated this year as the shortage of truck drivers continues to grow.
Supply chain disruptions impacting dairy farmers amid ongoing COVID-related issues
The nation’s dairy farmers are feeling the squeeze of the pandemic, as supply chain issues are raising the cost of producing and packaging milk.
Holiday shipping season likely impacted by shipping backlog
One Las Vegas company that manufactures everyday consumer items such as home audio systems says they're facing up to three-month delays to get their raw materials and another three- to four-week delay to finish the product.
From cars to gasoline, surging prices match a 13-year high
Another jump in consumer prices in September sent inflation up 5.4% from where it was a year ago, matching the largest increase since 2008 as tangled global supply lines continue to create havoc.
Inflation is across the board, people need to get used to higher prices: Kraft Heinz CEO
Consumers need to prepare for a permanent increase in food prices, according to Kraft Heinz CEO Miguel Patricio.
Busiest US container port complex warns of industry ‘crisis’ over supply chain disruptions
The executive director of the Port of Long Beach, the largest container port complex in the United States, warned of an industry “crisis” over supply chain disruptions.
GM recalls all Chevy Bolts over battery fires
General Motors has issued a recall of all its Chevrolet Bolt electric vehicles across the globe after a number of the batteries installed in the cars caught fire.