Business

Assets under management for U.S. exchange-traded funds could more than double to $25 trillion by the end of this decade, Citigroup said on Thursday, as investors seek the increasingly popular asset class for low-cost, diversified exposure across markets.As of March 2025, the U.S.-listed ETF industry's total assets stood at about $10.4 trillion, according to Citi.The Wall Street brokerage had previously forecast the industry's AUM to hit $19 trillion by 2030 […]

Inflation surged in March as consumer prices jumped amid the economic disruptions caused by the Iran war's impact on the energy market.The Bureau of Labor Statistics on Friday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.9% from a month ago and is 3.3% higher than last year. The annual figure jumped from last month's […]

American homeowners around the country are feeling the squeeze of higher property taxes, with new data showing that the property tax burden rose last year.Data from analytics firm ATTOM showed that the effective tax rate for single-family homes was 0.9% in 2025, up from 0.86% in 2024 and the highest level since 2020 when the national effective tax rate was 1.1%, according to a Realtor.com report.It also found that while […]

Augusta National Golf Club, home of the prestigious Masters Tournament, has spent years and more than $200 million expanding its footprint in Augusta, Georgia. The club is buying up hundreds of acres of surrounding land for future development.But one property, long considered a holdout, remains firmly in the hands of the family of its original owners.The home at 1112 Stanley Rd. was built in 1959 by Herman and Elizabeth Thacker, […]

Sky-high salaries are drawing new attention to one of the country’s most overlooked blue-collar jobs, and demand is surging for workers willing to scale America’s communications infrastructure.Federal Communications Commission Chairman Brendan Carr and FOX Business' Darren Botelho joined Stuart Varney in a FOX Business exclusive on "Varney & Co." from atop a 2,000-foot broadcast tower in North Carolina, highlighting the workforce behind the nation’s expanding connectivity buildout and pointing to […]

Mortgage rates fell this week after President Donald Trump announced a two-week ceasefire between the U.S. and Iran, 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 declined to 6.37% from last week's reading of 6.46%. The average rate on a 30-year loan was 6.62% a year ago."The decrease in rates represents a positive development for […]

Amazon is signaling a major shift in how it plans to serve customers, starting with rewriting parts of its own playbook.CEO Andy Jassy released his annual letter to shareholders on Thursday, writing that the tech giant is not content to simply add artificial intelligence features to its existing retail business. Instead, Jassy said Amazon is preparing to rebuild the customer shopping experience from the ground up, even if it means […]

A small number of tankers are beginning to move through the Strait of Hormuz, United Refining CEO John Catsimatidis said Wednesday, signaling a tentative restart at the critical oil choke point."Right now, the ships are moving. Ten ships are scheduled to be moving in the next few hours," Catsimatidis, also the CEO of New York City grocery chain Gristedes, told "Varney & Co.," citing what he said was information from […]

Masters season is here, which means, as the season changes, golf fever is reaching its peak in the calendar.However, there are not many worse feelings than booking a tee time and then suddenly not being able to make it.The green fees go to waste, and a day on the course is no more. However, Golf District is attempting to salvage at least one of those unfortunate circumstances.CLICK HERE FOR MORE […]