Business

The CEO of Kohl's signaled that the company isn't planning on closing additional stores this year after it shuttered more than two dozen locations last year.Kohl's closed 27 stores in 15 states in 2025 as the department store chain looked to get on better financial footing amid declining sales, and the Wisconsin-headquartered company brought in Michael Bender to serve as CEO in November. Bender said on a call after Kohl's released its quarterly earnings […]

The risk of a broader global conflict is rising as China's indirect role in the Iran crisis comes into sharper focus, with new concerns emerging over weapons used against U.S. forces.Gatestone Institute senior fellow Gordon Chang joined FOX Business' Maria Bartiromo on "Mornings with Maria" to discuss how Beijing's support for Iran could quickly escalate tensions with the United States.CHINA COULD FACE ‘REAL PROBLEMS’ WITHIN TWO MONTHS IF STRAIT OF […]

Mortgage rates jumped this week to the highest level in nearly four months, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.22% from last week's reading of 6.11%. The average rate on a 30-year loan was 6.67% a year ago."The 30-year fixed-rate mortgage edged up this week to 6.22% but remains nearly half […]

Popular ticket-selling platform SeatGeek is facing backlash after a job posting offering up to $175,000 and perks like $25,000 in "gender-affirming care" benefits sparked outrage online and renewed criticism over the company’s pricing.The company is seeking an analytics engineer to join SeatGeek’s data team, noting applicants should have a "strong opinion" on how data should drive decision-making.Along with a salary range of $121,000 to $175,000, the listing highlights a slate […]

The Federal Reserve on Wednesday left interest rates unchanged amid mounting uncertainty over how the Iran war will impact the economy and in turn the central bank's approach to monetary policy, raising questions over whether any rate cuts will occur this year.The Fed's monetary policy panel, known as the Federal Open Market Committee (FOMC), voted 11-1 to leave the benchmark federal funds rate unchanged at a range of 3.5% to 3.75%. […]

Federal Reserve Chairman Jerome Powell said Wednesday it was "too soon" to assess the economic consequences of the ongoing war in Iran."The implications of events in the Middle East for the U.S. economy are uncertain. In the near term, higher energy prices will push up overall inflation, but it is too soon to know the scope and duration of the potential effects on the economy. We will continue to monitor […]

Grubhub is launching New Jersey’s first-ever commercial drone-powered food delivery service, the company announced last Wednesday.The service, which will run for three months as a test program, will operate out of Green Brook Township, located one hour southwest of New York City. The food ordering marketplace will partner with autonomous drone company Dexa to deliver meals directly from a local Wonder food hall operated by its parent company. These Wonder facilities […]

The Trump administration is working to lower gas prices as motorists continue to pay more at the pump since the outbreak of the Iran war, Vice President JD Vance said Wednesday, noting that the increase is temporary. Vance was at the Engineering Design Services, Inc. manufacturing plant in Auburn Hills, Michigan, where he was asked about rising gas prices."Gas prices are up, and we know they're up," Vance said. "We know […]

This is a developing story about the Federal Reserve's March interest rate cut decision. Please check back for updates.The Federal Reserve on Wednesday announced it will leave interest rates unchanged, amid a softening labor market and growing uncertainty over the war in Iran.Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank's decision to hold rates […]