Consumer

American workers have experienced a whopping $3,400 decrease in annual wages thanks to inflation under President Biden, erasing all money received from pandemic stimulus checks.

The key events taking place on Monday that could impact trading include big-ticket items report and pending home sales for May.

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.

As the economy tightens and inflation persists, many corporations turn to "shrinkflation" to push profits higher without shocking consumers with higher prices.

The Food and Drug Administration reportedly investigated more child deaths due to contaminated baby formula from Michigan's Abbott plant than previously known.

The Conference Board's Expectations Index – which assesses consumers' short-term outlook for income, business, and labor market conditions – also declined.

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.

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.

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.

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.”

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.

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 founder Richard Schulze said that he is “feeling really good about the holiday season” despite rising inflation.

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.

The holidays could become more complicated this year as the shortage of truck drivers continues to grow.

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.

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.

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.

Consumers need to prepare for a permanent increase in food prices, according to Kraft Heinz CEO Miguel Patricio.

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.