Crafts retailer Joann files for bankruptcy after 81 years
Joann Inc. stores are set to stay open while the company looks to restructure financially, according to a company bankruptcy announcement Monday.
Inside Lockheed Martin’s ‘Hercules’ plant where a crucial piece of American hardware is born
FOX Business' Madison Alworth gets an inside look at Lockheed Martin's Marietta, GA plant and at the aerospace company's iconic C-130 'Hercules.'
Gas prices set to soar as temperatures heat up: AAA
The national average cost for a gallon of gas increased this week as temperatures rise and manufacturers switch to more expensive summer fuel.
California braces for new electric plan: Make more, pay more
Californians will be tasked with adapting to a newly proposed statewide law that will bill people based on income rather than their electricity usage.
Gas prices hit 4-month high: will it get worse?
Gas prices have hit a four-month high at a time when families are already dealing with the continuing pressures of inflation, which rose faster than expected in last month.
Lyft CEO says government shouldn't be involved in ride-share price setting
While it may be a good idea in some industries, Lyft CEO David Risher believes the government shouldn't be involved when it comes to setting prices for ride-sharing companies.
Gas prices march upward as spring looms and demand grows: AAA
Higher oil prices and growing gas demand contributed to gas prices rising this week.
Homebuyers need to make 80% more than in 2020 to comfortably afford a home
Homebuyers now need about $47,000 more than they did in 2020 to comfortably afford a home, according to a recent report. Median income has risen 23% during that time.
Gas prices rise as drivers hit the road for spring break: AAA
The national average cost for a gallon of gas increased to $3.31 per gallon.
Citigroup to cut nearly 300 jobs amid layoff spree
Citi is cutting nearly 300 positions across three different units in New York as it continues its sweeping layoff effort to save between $2 billion and $2.5 billion in costs.
US fourth-quarter economic growth revised slightly lower
GDP increased at a 3.2% annualized rate last quarter, revised slightly down from the previously reported 3.3% pace, the Commerce Department's Bureau of Economic Analysis said.
Kellogg CEO faces criticism for suggesting consumers eat cereal for dinner
Kellogg is facing backlash for suggesting consumers eat cereal for dinner. The messaging comes as the cost of food is taking a huge bite out of consumers' budgets.
Kroger-Albertsons merger in jeopardy
The Federal Trade Commission is suing to block Kroger's proposed $24.6 billion deal to buy a major rival, saying it would lead to higher prices for millions of Americans.
After weeks of rising prices, gas prices remained steady last week: AAA
The average price of gas remained at $3.27 per gallon this week. Flat demand and a decrease of supply have been factors in stabilizing the national average.
Home foreclosures see a 'notable' increase amid ongoing cost-of-living crisis
Home foreclosures are on the upswing nationwide, according to a new report, a sign that homeowners are still struggling from the ongoing inflation crisis.
Gas prices jolted up by 12 cents as Indiana oil refinery remains closed: AAA
A shutdown oil refinery has led to a large increase in gas prices across the country.
Cisco to cut 5% of global workforce
Cisco is joining a growing list of companies that are trimming their workforce at the start of 2024. Cuts have already been implemented at media, tech and finance companies.
Americans turn to tiny, portable homes to combat unaffordable prices, mortgage rates: My 'dream shed’
Americans looking to purchase real estate are turning to tiny homes and portable residences in order to combat the effects of high mortgage rates under Biden.
Gas and oil prices are on the rise as warm weather brings more demand
Gas prices are up from last month, but down $0.29 compared to last year.
Janet Yellen warns high prices could be here to stay
Treasury Secretary Janet Yellen said Thursday that high prices are unlikely to decline en masse even though inflation has receded sharply in the past year.