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Retail sales surged in March led by autos as consumers looked to beat tariffs

Business

Retail sales surged in March led by autos as consumers looked to beat tariffs

U.S. retail sales rose more than expected in March as consumers frontloaded big-ticket purchases to get ahead of anticipated tariff-induced price hikes.The Commerce Department released its data for March on Wednesday, which showed retail sales increased 1.4% on a monthly basis, a bigger gain than the forecast of a 1.3% rise that was projected by LSEG economists.When excluding vehicle purchases, retail sales were up 0.5% in March, which also surpassed the […]

todayApril 16, 2025 12

About 20K IRS workers are weighing buyout offers

Business

About 20K IRS workers are weighing buyout offers

Roughly 20,000 workers at the Internal Revenue Service (IRS) have expressed interest in the most recent buyout offer from the Trump administration, FOX Business has learned.An agency source told FOX Business that about 20,000 workers have indicated they are considering the buyout offer that was recently extended by the Trump administration and is similar to the offer extended broadly across federal agencies earlier this year.Reuters reported that the deferred resignation offer […]

todayApril 16, 2025 16

Thousands of Spotify users report issues on app, website

Business

Thousands of Spotify users report issues on app, website

Spotify said it is working to resolve an outage that's preventing its app and website from properly loading on Wednesday morning.The Swedish audio streaming and media service posted on X just before 10 a.m. ET that it is aware of the issues and that the "right team is on it and working on a fix." Spotify elaborated on its community website, saying that some users reported that the app wasn't loading. […]

todayApril 16, 2025 12

United to cut flights this summer amid economic uncertainty, softer demand

Business

United to cut flights this summer amid economic uncertainty, softer demand

United Airlines is trimming the number of domestic flights it will offer over the coming months as the industry remains concerned about lackluster demand stemming from the escalation of President Donald Trump's tariffs.The Chicago-based carrier said in a regulatory filing on Tuesday that it is cutting domestic capacity by about 4% starting in the third quarter of 2025, "in response to the current demand environment." The airline's third quarter covers […]

todayApril 16, 2025 7