Business

The IRS unveiled contribution limit changes for popular retirement plans, including 401(k) plans and IRAs.Americans who contribute to 401(k) and 403(b) plans, as well as governmental 457 plans and the federal government's Thrift Savings Plan, will see their contribution limit rise to $24,500 in 2026 — an increase from $23,500 in 2025 — the IRS announced in November.The IRA contribution limit is also rising in the new year, increasing to $7,500 […]

Consumers should be stocking up on essentials, particularly in the home goods category, as those items are expected to see "noticeable" price increases in early 2026, according to Wells Fargo.Retailers "have largely tried to either hold or modestly increase prices this holiday season across categories, with many offering targeted promotions and even deeper discounts on select items," according to Lauren Murphy, managing director of Wells Fargo Retail Finance.In early 2025, […]

Treasury Secretary Scott Bessent predicted that Americans will see "gigantic" refund checks in the upcoming filing season thanks to tax cuts in President Donald Trump's One Big Beautiful Bill Act (OBBBA).Bessent, who also serves as the acting commissioner of the IRS, made the remark during an appearance on the "All-In Podcast." The treasury secretary told the hosts that the tax provisions in the act, which Trump signed in July, applied […]

A winter storm on the East Coast has left post-Christmas travelers in a ho-ho-horrible position as airports see mass cancellations and delays.The website FlightAware showed that as of 7:50 a.m. ET on Saturday, 892 flights within, into or out of the U.S. were delayed and 637 were canceled. The website's "Misery Map" shows New York area airports, such as John F. Kennedy International Airport, LaGuardia Airport and Newark Liberty International Airport, […]

Travelers could face major delays as airports may be overwhelmed with millions of travelers during the holiday weekend. The Federal Aviation Administration (FAA) on Friday issued at least eight separate airspace flow restrictions, the Daily Mail reported.The series of airspace flow programs (AFPs) could affect major airports in the United States and Canada during one of the busiest travel days of the year. Some delays could reach more than six hours, the outlet […]

Lower-budget homebuyers are increasingly gravitating toward markets where their dollars can stretch further.Several attractive metro areas still offer median home prices under $300,000 – well below the $425,000 national median. These areas provide more affordable paths to homeownership without sacrificing lifestyle or big-city conveniences, according to Realtor.com."In these markets, home prices are more closely aligned with local incomes, allowing the typical household to afford the typical for-sale home," said Hannah […]

Starbucks has been experimenting with artificial intelligence as it seeks to turn around its business and gain an advantage in the competitive industry. But even as the coffee giant pushes forward with automation, its CEO, Brian Niccol, insists that it's designed as a support tool rather than a substitute for workers. "It’s more of a co-pilot than a replacement," Niccol told FOX Business during a September interview where he explained how […]

The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s "It Was a Very Good Year," as the industry hit $1.25 trillion annually in assets through November, faster than any other time in history."I think, largely speaking, you look across the different asset classes – stocks, bonds, commodities, gold, of course – it's been a very good year to own assets. Assets largely across the board […]

Ford Motor Company logged far more recalls in 2025 than any other automaker, according to federal safety data, eclipsing a decade-old industry record and underscoring ongoing quality issues affecting millions of vehicles across multiple model lines.According to data from the National Highway Traffic Safety Administration, Ford logged 152 recalls in 2025. The manufacturer with the second-most recalls was Honda, with 53, followed by Forest River with 32, General Motors with […]