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Inflation continued to hover near a 40-year high last month, squeezing Americans in the form of higher prices for basic necessities like groceries and rent.

Disgraced FTX founder Sam Bankman-Fried gave himself personal loans from his hedge fund Alameda Research for unknown purposes, according to FTX CEO John Ray III.

FTX CEO John Ray III told House lawmakers that the "grossly inexperienced and unsophisticated individuals" running the company had absolute control over customers' funds, which they lost.

Members of Congress from both parties were upset that Samuel Bankman-Fried was arrested less than 24 hours before he was supposed to give testimony before a House committee.

President Biden championed his economic plan as inflation and consumer prices once again fell in December, but said prices still 'remain too high.'

FOX Business' Stuart Varney discusses the arrest of FTX founder Sam Bankman-Fried as he was expected to testify on the collapse of the cryptocurrency exchange company

Former FTX CEO and co-founder Samuel Bankman-Fried has been charged with eight counts of conspiracy and fraud in federal court in New York, according to an indictment.

The SEC has filed charges against Samuel Bankman-Fried, for allegedly "orchestrating a massive, years-long fraud" involving cryptocurrency trading platform FTX.

The debacle surrounding the collapse of FTX and Sam Bankman-Fried's leadership could have been avoided if the SEC's Consumer Protection Rule had been adhered to.

Lawmakers are expected to be on the warpath Tuesday after FTX founder and former CEO Sam Bankman-Fried was arrested over the actions leading to his company's collapse.

Senators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in "an unprecedented abdication of accountability."

FOX Business host Larry Kudlow breaks down the November budget deficit and explains why workfare is important to the economy and heart and soul of America on 'Kudlow.'

Twitter CEO Elon Musk takes on political wokeness while calling out activist employees for leading to the banning of President Donald Trump from the social media platform.

The consumer price index likely surged again in November as inflation remains near a 40-year high, continuing to inflict financial pain on millions of Americans.

Disgraced former FTX chief Sam Bankman-Fried confirmed he will testify remotely on Tuesday before a House committee regarding the crypto exchange's collapse.

The U.S. Supreme Court has agreed to hear another challenge to the Biden administration's student loan relief program, putting it in further jeopardy

The New York Federal Reserve released a closely watched survey on Monday revealing that Americans' inflation expectations declined in the short term and long term.

Taxpayers need to prepare to report transactions exceeding $600 that are received through Venmo, PayPal and other cash apps to the IRS starting in 2023.

Twitter CEO Elon Musk refers to old social media platform as fantasy villain Wormtongue, while also launching efforts to control bots and trolls.

FTX's Sam Bankman-Fried is expected to testify before Congress, consumer inflation may remain elevated and Delta to deliver investor update.