Business

he fact that "one, big, beautiful bill" didn't get through the House Budget Committee today is not the end of the world. The bill is going to pass the House. Bet on it. Invest on it.President Trump is returning from his successful Middle Eastern trip and he's turning up the heat on the budget. Posting on truth social quote ""Republicans MUST UNITE behind, "THE ONE, BIG BEAUTIFUL BILL!" Not only […]

Moody's Ratings on Friday announced that it downgraded the U.S. credit rating by one notch due to persistent fiscal deficits that it sees as likely to deteriorate in the future.The downgrade moves the U.S. credit rating down one notch from Aaa to Aa1 on Moody's 21-notch rating scale. The firm also changed its outlook for the U.S. from negative to stable.Moody's said that the downgrade "reflects the increase over more […]

U.S. consumer sentiment continued to decline in May as Americans' expectations about future inflation rose and concerns persisted about the effect of President Donald Trump's tariffs.The University of Michigan Surveys of Consumers on Friday released its Consumer Sentiment Index, which dropped to 50.8 in a preliminary reading in May after a final reading of 52.2 in April. Economists polled by Reuters had projected the index would rise to 53.4.The latest figures […]

Shoppers at some Kroger-owned grocery stores have reportedly been paying full-price for items inaccurately labeled as discounted by out-of-date shelf price tags.Consumer Reports, The Guardian and the Food & Environment Reporting Network had people visit about two dozen grocery stores owned by Kroger, with more than half of the locations having sale price tags that were no longer applicable to some items, according to Consumer Reports. The Kroger, Harris Teeter, Fred Meyers, […]

Will Pope Leo XIV have to file and pay U.S. taxes, despite his strict vow of poverty?Leo is the first American pontiff in history. And U.S. citizens, no matter where they live or who they are, are required to pay tax on their worldwide income—if they owe any.  Even if they don’t owe tax, they may have to file a return with the Internal Revenue Service. And whether it’s the […]

The Federal Reserve is planning to reduce the workforce at the central bank by 10% over the next few years, according to a memo reviewed by FOX Business.Fed Chair Jerome Powell sent a memo on Friday morning to central bank employees to inform them of the plans, saying that "experience here and elsewhere shows that it is healthy for any organization to periodically take a fresh look at its staffing […]

Costco has started letting U.S. customers pay for large online purchases with buy now, pay later through a new partnership with Affirm.The new online payment option for U.S. Costco customers was unveiled by Affirm and the popular warehouse retailer on Wednesday. With Affirm’s buy now, pay later service, approved Costco members can now "pay over time" for eligible $500 to $17,500 purchases they make on the warehouse retailer’s website, the payment […]

Verizon Communications on Friday said that it is ending its diversity, equity and inclusion (DEI) programs amid a probe by the Trump administration into those practices, as the telecom giant seeks federal approval for an acquisition.Federal Communications Commission (FCC) Chair Brendan Carr criticized Verizon in February for its promotion of DEI programs, saying it could factor into the review of Verizon's planned acquisition of Frontier Communications for $20 billion, including […]

FBI Director Kash Patel previewed his plans to relocate about 1,500 agents out of the law enforcement agency's headquarters in Washington, D.C.In an excerpt of an exclusive interview with "Sunday Morning Futures" that will air this Sunday, Patel said the agency is reallocating its workforce around the country by moving those agents out of the J. Edgar Hoover Building, which opened in 1975."This FBI is leaving the Hoover building because […]