Business

Car prices are trending up and the average cost of a new car is at an all-time high, approaching the $50,000 mark for the first time.The average transaction price for a new vehicle in October was $49,105, according to data from Edmunds. That represents a year-over-year increase of 3.1%."This has been something that we've all been waiting for, I don't think anyone was ever expecting the number to go down," […]

Celebrity realtor Mauricio Umansky, founder and CEO of The Agency, didn’t hold back during an appearance on FOX Business’ "Varney & Co.," slamming Los Angeles Mayor Karen Bass (D) for what he called a "tremendous mistake" in doubling down on rent control. The city recently imposed a new 4% cap on annual rent increases for certain rent-stabilized units – a move the mayor says will protect tenants from steep price hikes. […]

Kia and Hyundai are recalling thousands of vehicles in the U.S. because of an issue that could cause fuel tanks to melt.The recalls affect approximately 250,547 Kia K5 sedans from model years 2021–2024 and 85,043 Hyundai Sonata vehicles from model years 2020–2023, all equipped with 1.6-liter turbocharged engines, the National Highway Traffic Safety Administration (NHTSA) said in notices issued this week.Both automakers report the issue stems from a purge control […]

President Donald Trump on Friday hosted New York City Mayor-elect Zohran Mamdani at the White House where they discussed affordability issues and called for lower electricity prices in the city, which caused a major utility's stock to sink.Trump and Mamdani, a democratic socialist, spoke to reporters in the Oval Office following their meeting and said that they intend to focus on addressing affordability issues, which Mamdani noted helped increase Trump's level […]

According to a Forbes report published Nov. 7, Bluesky’s daily active user count dropped sharply after President Donald Trump’s 2024 election victory, while his platform, Truth Social, saw modest gains during the same period.While Bluesky's main competitor, Elon Musk's X, also saw a decline in daily active users, Forbes noted that Bluesky experienced "a much steeper decline than other major social networks over the same period.""Bluesky’s number of average daily […]

President Donald Trump’s childhood home is back on the market for $2.3 million following an extensive renovation.The five-bedroom home, located in the affluent Jamaica Estates neighborhood of Queens, New York, was listed by Brown Harris Stevens. Built in 1940 by Trump’s father, Fred Trump, the home is where the president lived until age 4, according to The Wall Street Journal."Nestled on a tree-lined street in the prestigious enclave of Jamaica Estates, […]

The drone economy is taking off, and investors are getting more options to put money into the budding industry.The recently launched REX Drone exchange-traded fund, for example, has 80% of its portfolio earmarked for companies that generate the bulk of revenues from drones, unmanned aerial vehicles (UVA) and the companies that support the industry’s technologies."The drones theme is exciting for a couple of reasons," REX CEO Greg King told FOX […]

Middle-income Americans are facing an economic hangover from the inflation of the last several years, and it has led to increased pessimism about their financial prospects, a new analysis finds.A report by Primerica found that in the third quarter of 2025, just 21% of middle-income Americans believe they'll be better off financially in the next year, while 34% believe they'll be worse off and 33% expect their situation to remain the same.Those […]

Even though the U.S. real estate market has posed significant challenges for potential buyers, there are some parts of the country where home values have actually increased. Notably, 10 cities across the South and Northeast have experienced the most significant home value increases across the top 100 U.S. metros since the COVID-19 pandemic, according to an analysis conducted by economists at Realtor.com.Realtor.com senior economist Joel Berner said when there is a […]