Business

American households saving money for their children's educations can leverage tax-advantaged 529 accounts to make their dollars go further.529 education savings accounts are typically opened by parents, guardians or grandparents for minor children and allow those savings to grow on a tax-deferred basis, and funds can be withdrawn tax-free when they're used for qualified expenses. Individuals may also open 529 accounts to help save for their own education. "529s are the […]

Costco's gas stations saw a surge in demand in the most recent quarter as consumers sought out its low-priced gasoline, which helped the company top the market expectations for its third-quarter sales.Costco CEO Ron Vachris noted the "backdrop of ongoing macro uncertainty" has consumers searching out affordable options given the pressure on household budgets, which helped attract members to its gas stations."Nowhere has this been more apparent in the third […]

Americans who are retired or are approaching retirement and are evaluating their investment portfolios can turn to exchange-traded funds (ETFs) that may offer built-in diversification for core holdings or exposure to specific sectors.ETFs are securities that typically track indexes and allow investors to get exposure to a number of companies included in the index. For example, an ETF that tracks the S&P 500 allows an investor to purchase a single share […]

JPMorgan Chase CEO and Chairman Jamie Dimon is offering up details about his one-on-one meeting with New York City's Democratic Socialist Mayor Zohran Mamdani."I had a great meeting with Mamdani, meaning it was pleasant, you know, but I said everything I wanted to say," Dimon told FOX Business' Maria Bartiromo at the second annual Reagan National Economic Forum. "I've seen mayors grow into the job.""I mean, he's running the city […]

Major League Wrestling (MLW) announced a partnership with Veeps earlier this week, marking the latest free streaming platform the promotion will appear on – joining YouTube and beIN Sports."MLW Fusion" will debut on Veeps on Saturday with a loaded lineup of professional wrestling without the need of fans having an extra streaming service that might hit them in the wallet harder than a Killer Kross chair shot.MLW CEO Court Bauer […]

The anti-fraud task force being led by Vice President JD Vance may balance the budget and could help save Social Security, President Donald Trump said during Wednesday's Cabinet meeting at the White House."I think we have a chance to save Social Security without doing anything to it," Trump said. "We’re going to make our Social Security so strong."Trump stated Vance had uncovered enough fraud that it may be able to […]

If you want to know how to fix America’s housing crisis, look no further than the stark divide playing out along the Hudson River.In Manhattan, where years of heavy regulation, strict zoning laws and a sub-2% vacancy rate have choked off new development, rents have just hit historic records. But in neighboring Jersey City, a massive post-pandemic building boom has forced landlords to compete on price, driving local rents down […]

The Federal Reserve's preferred inflation gauge remained stubbornly high in April as consumers continued to face elevated price growth.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a monthly basis in April and is up 3.8% from a year ago. The monthly figures were slightly cooler than the 0.5% increase expected by economists polled by LSEG, while the annual figure was in line with expectations.HOW […]

Sen. Elizabeth Warren, D-Mass., is advocating for targeting the artificial intelligence industry with taxes."It's time to tax AI and invest in people," the left-wing lawmaker asserted.She has floated the prospect of taxing the energy consumed by AI data centers.SEN WARREN BLASTED FOR CHEERING BLOCKING OF MERGER THAT MIGHT HAVE SAVED SPIRIT AIRLINES"Rethinking our tax code must also include going to the source: that means taxing AI companies directly, which can […]