Business

Gas prices heading into the Memorial Day weekend hit a four-year low as millions of Americans prepare to hit the road.When adjusting for inflation, the average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, in large part because of falling crude oil prices, according to the U.S. Energy Information Administration (EIA).On Monday, for instance, the retail price of regular-grade gasoline in the U.S. […]

Amazon is issuing refunds to some customers for returns sent back to the e-commerce giant, and some were returned years ago. The refunds are being offered after a "recent internal review" by Amazon during which the company "identified a very small subset of returns where we had issued a refund without the payment completing or where we could not verify that the correct item had been sent back to us, so […]

The U.S. government is phasing out production of the penny, which has been in circulation for centuries, in a cost-cutting move that is projected to save $56 million each year.The Treasury made its final order of blank pennies this month and will stop putting one-cent coins into circulation by early 2026. As pennies fade from use, businesses will need to round up or down to the nearest 5 cents, The […]

Commerce Secretary Howard Lutnick said Wednesday that the administration is set to launch a registration website for President Donald Trump's Gold Cards in the near future.Trump has touted the Gold Card as being "better and more sophisticated" than a green card and would allow the "most successful job-creating people from all over the world to buy a path to citizenship." Applicants would pay $5 million for a Gold Card visa.Lutnick was interviewed […]

The world's largest convenience store and gas station, Buc-ee's, is growing its already massive following with several new locations set to open this summer. The beloved Texas-based chain – known for its exceptionally clean restrooms, house-made food and beaver-branded merchandise – is set to open three new travel centers, including its very first locations in Virginia and Mississippi, Buc-ee's confirmed to FOX Business.Buc-ee’s grand openings are scheduled for the following:BUC-EE'S OPENS […]

Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.86% from last week's reading of 6.81%. It marked the highest level since Feb. 13, when the rate on a 30-year mortgage averaged 6.87%.The average rate on a 30-year loan was 6.94% a year […]

Federal Reserve Governor Christopher Waller said Thursday that the financial markets have reacted to projected deficits under congressional Republicans' tax cut package by demanding higher interest rates on U.S. debt issued in the Treasury markets.Waller spoke exclusively to FOX Business' Edward Lawrence on "Mornings with Maria" and said that the market thought the bill would do more in terms of paring back spending to reduce persistent budget deficits, but with deficits […]

Pope Leo XIV’s childhood home is being put up for auction, but the Village of Dolton, Illinois, is looking at ways to become its new owner. The current owner recently decided to make the home located in the Chicago suburb available for purchase via an upcoming auction. Bidding for the small brick home, with a reserve price of $250,000, will be open until the late afternoon on June 18, according to […]

The Walt Disney Company has put dozens of Florida-based Venezuelan employees on unpaid leave as they face the possibility of losing Temporary Protected Status (TPS) as soon as next month, according to reports.Bloomberg reported that Disney notified the employees on Tuesday that their jobs will be terminated next month because of a ruling from the Supreme Court that allows the Trump administration to revoke protections in the U.S. for some […]