U.S. Economy

A spike in demand as winter weather thawed and higher oil prices pushed gas prices up this week.

Deutsche Bank is cutting about 3,500 back office positions as it seeks to rein in costs even after reporting its highest profit before tax in the last 16 years.

Walmart U.S. CEO John Furner will oversee a plan to make the retailer even bigger than it already is with 150 new stores over the next five years in an effort to reach more customers.

UPS said it plans to cut 12,000 roles in 2024, making it the latest company to announce plans to reduce its workforce. Amazon, Google, Citigroup and others have already announced cuts.

Issues in the Red Sea and the Panama Canal are going to cause issues for consumers in the U.S. during the spring and summer shopping cycle, experts warned.

Although prices are lower than they were last year at this time, they remain steady month over month.

Freight levels through the Suez Canal have plummeted by 45% since Iran-backed Houthi militants began attacking vessels in the Red Sea, risking higher inflation and food insecurity.

U.S. consumers have continued to power the economy with excessive spending, but they are racking up credit card debt and draining their savings to do so.

FOX Business' Stuart Varney explains why President Biden is delaying a decision on a Louisiana natural gas project that would be the largest in the U.S.

One in three small business owners in the U.S. are concerned their businesses will not make it through the end of 2024, with top concerns being the economy and declining sales.

The Commerce Department's first reading of gross domestic product is expected to show the U.S. economy grew just 2% in the final three months of 2023.

U.S. median rents dropped for the eighth month in a row in December, offering some relief for renters who are still contending with high inflation and interest rates.

A pillar of John Furner's leadership at the helm of Walmart U.S. involves creating a network of people he can listen to for advice, especially during difficult times.

'Die With Zero' author Bill Perkins discusses the best time to spend your money and leave it to your kids.

A Conoco gas station in Camden, New Jersey, may have sold gas tainted by floodwater to customers, causing at least 26 vehicles to malfunction, officials say.

Gas prices fell slightly at the start of 2024 even as insurance premiums continue to rise.

Investigators are examining the door plug that blew out of an Alaska Airlines flight on Friday, and it remains unclear if the panel was properly bolted.

The national average for a gallon of gas edged down slightly this week. Pump prices have declined due to weak gas demand and an uptick in supply.

French supermarket chain Carrefour is removing PepsiCo products from shelves months after it tried to pressure suppliers to lower prices after noticing shrinkflation.

Nearly half of the U.S. states are increasing their minimum wages at the start of 2024, which is projected to give nearly 10 million workers a pay increase.