U.S. Economy

Accenture announced that it plans to lay off 19,000 employees as it works to streamline operations amid the uncertain economic environment. However, it's still hiring.

High energy prices are likely here to stay as supply and demand continues to tighten, according to energy expert and FOX Business contributor Phil Flynn.

Shopify became a White Knight for some of its merchants who used Silicon Valley Bank by making what was a rare move in the cutthroat world of big business this week.

Silicon Valley Bank did not employ a chief risk officer from April 2022 to January 2023, leading up to its collapse last Friday; but it did employ a chief DEI officer in that time.

Treasury Secretary Janet Yellen said that Chinese Communist Party-linked (CCP) depositors of Silicon Valley Bank could be "made whole" by the U.S. banking system.

In total, investors and depositors initiated withdrawals equating to about $42 billion in deposits from the bank on Thursday alone, causing a run on the bank, according to a regulatory filing.

Federal regulators approved Canadian Pacific’s $31 billion acquisition of Kansas City Southern late Wednesday morning following a years-long review process.

The median U.S. asking rent rose to a mere 1.7% annually in February, which was the smallest gain in nearly two years, according to Redfin.

Saudi Arabian Oil Co., also known as Aramco, announced it earned a record-high profit of $161.1 billion during 2022 following higher crude oil prices that soared mostly during Q3.

Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.

Layoffs are on the rise across various industries, although the tech industry has taken a huge hit in recent months. Amazon, Alphabet and Microsoft have all recently cut jobs.

Dollar Tree has been fined over $250,000 by the Labor Department for workplace safety violations at a location in Texas labeled as a "pattern of disregard."

Billionaire Warren Buffett issued a clear inflation warning and hit at 'disgusting' money manager behavior in his annual letter to Berkshire Hathaway shareholders.

Gas prices decreased this week. But several factors ranging from the Federal Reserve’s actions to lower inflation and the war between Russia and Ukraine could push prices higher in the coming weeks.

Domino's and Papa John's have been facing pressures in their delivery business from high inflation forcing customers to eat at home as well as staffing issues.

Vice President Kamala Harris touted the Biden administration's efforts to lower energy costs.

Leading Republicans on the House Financial Services and Senate Banking committees are doubling down on attempts to rein in Wall Street’s top cop Gary Gensler.

Brookfield Asset Management recently defaulted on a total of over $750 million in debt for a pair of 52-story towers in Los Angeles, according to a February securities filing.

U.S. households are racking up debt as they confront rising interest rates and high prices for everyday necessities, according to a WalletHub analysis.

Chief executives at major tech companies and Wall Street firms are taking pay cuts this year as high inflation and the potential for a recession weigh.