Business

The average new car payment rose to an all-time high in the first quarter as American households continued to face affordability challenges in the economy.A new report by LendingTree citing data from Experian for the first quarter of 2026 found that the average monthly payment for a new vehicle rose 2.9% from a year ago to a record of $770.Lease payments on new vehicles rose at a faster rate, rising […]

Four states are seeking $1.4 trillion in penalties from Meta over claims that the social media giant designed Facebook and Instagram to be addictive to children and withheld information from the public about the harms the apps pose to young users, Meta said in a court filing on Monday.The case is being brought by California, Colorado, Kentucky and New Jersey. Meta disclosed the trillion-dollar figure in its response to the attorneys general filings on how […]

President Donald Trump's ongoing reforms to the American retirement system are getting inspiration from Down Under.The Trump administration is working on an Australia-style retirement savings plan for American workers, suggesting the model could put people in "much better shape" by retirement age, the president said Monday."I made reference today that Australia has a thing going that’s very good – it’s really worked out very well," Trump said during a Rose […]

Former President Joe Biden's border policies forced Americans to shoulder economic burdens through rising rents and lower wages, former acting ICE Director Jonathan Fahey argued Monday."The American people overall are the losers on illegal migration," Fahey told FOX Business' Cheryl Casone."Certainly, certain industries benefit from it, but the overall, it makes more sense what President Trump and his administration are doing, which is focusing on policies that protect American workers […]

As Norway and Brazil were set to get back to play in the second half at New York/New Jersey Stadium on Sunday, a special guest delivered the match ball to the head referee on the pitch. Hyundai Motor Company integrated Atlas, an advanced humanoid robot developed by Boston Dynamics, into the Round of 16 match. Hyundai Motor, the official robotics partner of the World Cup, delivered the first-ever robotics-powered halftime activation […]

Microsoft said on Monday that it will eliminate roughly 4,800 jobs – or about 2.1% of its global workforce – as it restructures parts of the company to prioritize artificial intelligence investments and other long-term business goals.The reductions will primarily affect Microsoft's commercial and Xbox organizations, with additional changes planned across engineering teams as the company reshapes its operations to better serve customers and accelerate AI adoption. Microsoft has historically […]

Consumers who shop at Publix are being urged to check their freezers after one lot of GreenWise Organic IQF Blueberries was voluntarily recalled over concerns it may be contaminated with E. coli.Chile-based supplier Frutas y Hortalizas del Sur S.A. announced the recall on July 3 after receiving reports of illnesses among consumers who had eaten the product, according to a recall notice posted by Publix.The recalled blueberries were distributed to […]

A new Federal Reserve working paper found the record surge in illegal immigration during the Biden administration triggered higher home prices and rents.The findings arrive as immigration remains a polarizing political issue. Republicans argue former President Joe Biden's border policies strained housing and public resources, while Democrats say immigration helped ease labor shortages and supported economic growth.THE KEY STRATEGY RED STATES ARE USING TO LOWER HOUSING COSTS REVEALEDThe paper, published […]

Oil prices hovered near pre-conflict levels Sunday after OPEC+ agreed to increase production again, adding to global crude supplies as exports through the Strait of Hormuz continued to recover following months of disruption.The oil-producing alliance said it will raise output targets by 188,000 barrels per day beginning in August, marking its third consecutive monthly increase as it gradually unwinds production cuts implemented in 2023.The decision reflects easing concerns about a […]