Business

A Canadian real estate CEO and his family were attacked by three masked intruders at their multi-million-dollar home in Toronto this week, leaving two of them with "life-altering injuries," according to police and reports.David Morton, the CEO of the MAC Group, and his two daughters were shot in the attack, police said, and his wife, Doriana Zohil-Morton, was attacked with a hammer."A struggle ensued during this altercation in which the […]

American households are feeling the squeeze of inflation that has remained stubbornly above the Federal Reserve's 2% target since the pandemic, and grocery prices have been a particular pain point in recent years.The most recent consumer price index (CPI) data from the Bureau of Labor Statistics showed that overall food prices were up 2.5% over the last year. The BLS data showed that the food at home index was up […]

Family caregivers are shelling out more than $11,000 a year on average to care for loved ones, consuming nearly a third of their household income, according to a new study.The study, released Wednesday by AARP, found that caregivers spend an average of $11,508 annually out of pocket while caring for an adult relative or friend. That amounts to an average of 31% of household income.The financial burden is even greater […]

Americans who are looking to buy a home are facing a difficult market in terms of affordability due to high mortgage rates that are expected to persist into next year.Interest rates on a 30-year fixed mortgage have risen more than a full percentage point since the start of the year, with data from Freddie Mac showing a rise from 6.16% on Jan. 8 to 7.24% as of Oct. 29.The latest […]

Costco is offering shoppers a way to simplify Thanksgiving dinner this year with a new $199.99 holiday meal bundle.The retail giant said the online-only offering serves eight people and includes turkey, traditional sides and desserts.The bundle is currently marked down from $269.99, with a $70 manufacturer's discount available through Nov. 30 while supplies last, according to Costco's website.The meal works out to approximately $25 per person and includes a 5-pound […]

Cryptocurrency giant Binance said Thursday that a major security incident had an estimated total impact of approximately $6.3 billion, with $3 billion already frozen, as the exchange temporarily suspended deposits and withdrawals and pledged to cover customer losses.In a statement to FOX Business, a Binance spokesperson said the company was working to resolve the incident and had temporarily halted transactions as a precaution."Binance has confirmed a security incident and our […]

Florida is closing in on New York for the second-highest number of billionaires in the nation."We're one of the top brokerages on Palm Beach Island. We have approximately 30% of the listings here in Palm Beach, and we do a lot of the big waterfront homes," Margit Brandt, a real estate agent specializing in luxury properties, told Fox News Digital. "We've seen more movement than ever before of billionaires coming to […]

U.S. officials concluded that a former executive at a Singapore-based cloud computing company who was suspected of collecting intelligence for the Chinese government gained access to Nvidia CEO Jensen Huang, according to a report by The New York Times.The former executive, Alice Huang or Huang Le, worked in a leadership role at a company called Megaspeed that bought chips from Nvidia. Megaspeed uses the chips to build data centers and then […]

Sweetgreen is rolling out a new incentive plan that could push pay for some of its top managers above $200,000 a year as the fast-casual chain competes for top talent.The Los Angeles-based fast-casual chain, which operates 289 locations nationwide and is best known for its salads, on Tuesday announced a new head coach incentive plan.The program will reward restaurant managers based on tenure, restaurant size and performance with higher salaries, […]