Business

Inflation ticked higher in May as American consumers continued to face elevated fuel prices amid the Iran war's impact on the energy market and across the economy.The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.5% from a month ago and is 4.2% higher than a year ago. […]

Senate Majority Leader John Thune, R-S.D., pushed back on President Donald Trump's call for him to "immediately fire" Obama-era Senate parliamentarian appointee Elizabeth MacDonough, arguing that doing so would not pave the way for passage of the SAVE America Act because Republicans "don't have the votes.""For me, it's a function of math..." Thune told FOX Business on Wednesday."The issue with respect to the parliamentarian is one where, even under reconciliation, […]

The clock is ticking faster for American workers and seniors.The Social Security Administration’s newly released 2026 Trustees Report confirms that the federal retirement safety net is less than seven years away from fiscal depletion, as the Old-Age and Survivors Insurance (OASI) trust fund will completely exhaust its accumulated reserves in the fourth quarter of 2032.Once the reserve dries up, ongoing tax revenues will cover only 78% of scheduled retirement benefits, […]

You might think that finding the money to contribute to your 401(k) is the hardest part of saving for retirement. But choosing the right investments can also be challenging.For this reason, many 401(k) savers take the easy way out and let their money land in a target date fund. A good 61% of 401(k) plan participants, in fact, had their money in a target date fund last year, according to […]

The ultimate test of fast-food physics is arriving in Miami.Chick-fil-A is expanding its footprint in the Sunshine State with a new delivery-only "ghost kitchen" in Miami's Wynwood neighborhood, marking a strategic move to bypass the real estate constraints of traditional brick-and-mortar restaurants.Operating within the CloudKitchens network, the location is the privately held fast-food giant's first delivery-only kitchen in Florida and just its sixth nationwide, allowing the company to maximize kitchen […]

Over the past 30 years, the S&P 500 index has generated a total return of 1,770% (as of June 5). That performance supports the view that the stock market is one of the best asset classes for growing your wealth. A starting sum of $10,000 in this benchmark in June 1996 would be worth $187,000 today. The gains have been even more remarkable over the past decade.Understanding that this kind […]

So far this year, semiconductors and the physical infrastructure of artificial intelligence (AI) are dominating the exchange-traded fund (ETF) scene. For example, the iShares Semiconductor ETF is up 89% year to date. Given the intense interest – and investments – in AI, this makes sense.Semiconductors and AI reinforce each other in a tight loop. AI depends on ever more sophisticated chips to run. Now, AI is changing how chips are […]

A 20-year-old McDonald's worker in Northern California is facing multiple surgeries after a co-worker allegedly hurled hot cooking oil at him, leaving him with severe second-degree burns across nearly a quarter of his body, according to his mother.Jacob Smith was working as a shift manager at a McDonald's in Yuba City when the shocking attack unfolded, his mother, Amber Smith, wrote in a GoFundMe post to raise money for her […]

Sam Bankman-Fried, the former cryptocurrency billionaire serving a 25-year sentence for fraud tied to the 2022 collapse of his FTX exchange, says he would welcome a pardon from President Donald Trump — but insists he has not lobbied the White House for one."It would be obviously, you know, ultimately up to the president, not up to me," Bankman-Fried told FOX Business in an exclusive interview from prison. Asked directly whether […]