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Macy's to close 14 stores as part of turnaround strategy: See the list
Macy's announced 14 more store closures as part of its "Bold New Chapter" turnaround strategy aimed at boosting profitability and streamlining operations.
Pirro says Federal Reserve ignored US attorney outreach on Powell testimony, alleged cost overruns
Federal Reserve independence under fire as Justice Department issues grand jury subpoenas tied to alleged cost overruns and Chair Powell’s congressional testimony.
Newsom says California wealth tax 'really damaging' as billionaires move money, businesses out of state
California Governor Gavin Newsom warns the proposed wealth tax is "damaging," as billionaires and public figures flee state ahead of its potential 2026 ballot measure.
Autistic Barbie joins Mattel diversity and inclusion line
New autistic Barbie includes fidget spinner, noise-canceling headphones and articulated joints, and was designed with Autistic Self Advocacy Network input.
Recall of cheese products upgraded to highest danger level over Listeria-causing bacteria: FDA
The FDA announced that a recall of cheese products has been upgraded to the most serious risk category after testing positive for Listeria monocytogenes.
Federal Reserve Chair Powell under criminal investigation over HQ renovation, report
U.S. prosecutors investigate whether Fed Chair Jerome Powell allegedly mischaracterized renovation details during Senate Banking Committee appearances.
Federal judge delivers Mamdani early legal setback on housing market intervention
New York City Mayor Zohran Mamdani's bid to slow sale of rent-stabilized properties Thursday ran into trouble with a federal judge, a setback to his housing agenda.
Costco to open new warehouse under affordable housing development in South Los Angeles
Costco to open Los Angeles warehouse under 800-unit housing complex near LAX in 2027. Retail giant finds creative solution to enter dense urban markets.
Maduro’s fall puts Iran’s deep energy and defense cooperation with Venezuela at risk
Iran’s long-term alliance with Venezuela is now threatened now that Maduro is gone. Tehran had helped revive oil production while expanding military and intelligence operations.
American drone company challenges Chinese dominance while preparing troops for swarm attacks
Auburn Hills drone startup transforms from light shows to military training, helping soldiers prepare for drone swarm attacks using American technology.
Trump calls for 1-year 10% cap on credit card interest rates
President Donald Trump announced a proposed one-year cap on credit card interest rates at 10%, blaming the Biden administration for allowing rates to climb as high as 20–30% and saying the move would boost affordability for Americans.
GameStop shutters more stores as retail apocalypse continues
GameStop continues to struggle after the retailer closed 590 stores in 2024 and plans significant additional closures amid declining revenue.
Behind the scenes of who is attending Trump's oil executive meeting after Maduro operation
President Donald Trump meets with major oil companies after successful military operation captured Venezuelan president Nicolás Maduro and wife Cilia Flores on narcotics charges.
US economy added 50K jobs in December as unemployment rate declines
The Labor Department released the December jobs report, which showed the U.S. economy added jobs at a modest pace to close out 2025 amid economic uncertainty.
Trump vows to slash mortgage rates, revive 'American Dream' after Biden housing failures
Trump directs $200 billion mortgage bond purchase to lower housing costs, citing Biden's 'broken economy' as he promises to restore affordability.
IRS announces start date of 2026 tax filing season: what to know
IRS announces 2026 tax filing season begins Jan. 26, with Free File program starting Jan. 9 for taxpayers earning $84,000 or less, while taxpayers have a April 15 deadline.
Paramount refuses to back down in Warner Bros. Discovery takeover fight against Netflix
Paramount insists its $30 per share cash offer for Warner Bros. Discovery beats Netflix's $27.75 deal, despite board rejection of the hostile takeover bid.
Energy secretary says Chevron expansion, US oil role in Venezuela could come ‘pretty quickly’
Energy Secretary Christopher Wright reveals how American oil giants plan to help rebuild Venezuela's industry after decades of socialist mismanagement and economic collapse.
Trump signs order to block defense companies from buying back stock until arms production improves
President Donald Trump signed an executive order to block defense companies from paying dividends or buying back stock until they improve production.
Treasury implementing Trump’s car loan interest tax break: 'Putting money back in the pockets'
Treasury Secretary Bessent announces implementation of Trump's car loan interest tax deduction policy, putting money back in working families' pockets.
Billionaires make strategic moves out of California ahead of proposed wealth tax
California billionaires like Larry Page and Larry Ellison are making business and real estate moves ahead of a proposed 5% wealth tax on assets over $1 billion goes into effect.
Private sector added fewer-than-expected 41,000 jobs in December, ADP says
The figure reported on Wednesday is below economists’ estimates of an increase of 47,000 jobs and higher than the prior month’s revised reading of a loss of 29,000 jobs.
Hilton distances itself from Minneapolis hotel after ICE agents denied rooms
Hilton investigates Minneapolis hotel after DHS alleges ICE agents were refused service, reigniting heated debate over immigration policies and enforcement.
Starlink provides free internet to Venezuela following US arrest of Nicolás Maduro
Starlink offers free internet access to Venezuela through Feb. 3 after U.S. forces arrested President Maduro on federal narco-terrorism charges.
US oil giants mum after Trump says they’ll spend billions in Venezuela
Trump announces plans for U.S. energy companies to return to Venezuela and rebuild its oil infrastructure, targeting the world's largest oil reserves.
How Italy’s PM Meloni sparked an economic turnaround
Giorgia Meloni transforms Italy into Europe's success story using Reagan-style policies, restoring international confidence and achieving record employment levels.
Berkshire Hathaway shares drop as Warren Buffett era ends after 60 years as CEO with Greg Abel taking over
Berkshire Hathaway's stock dropped Friday as Warren Buffett officially stepped down after 60 years as CEO. Greg Abel is taking over the $1 trillion conglomerate.
Israeli tech CEO calls on US govt to 'limit' First Amendment,' take control of social media to prevent 'lies'
Tech CEO Shlomo Kramer advocated government regulation of free speech during a CNBC interview, claiming First Amendment limitations necessary to prevent polarization and "lies."
Luxury automaker recalls more than 173,000 vehicles in the US over rearview camera issue
Porsche recalled over 173,000 vehicles due to faulty rearview cameras that may fail while reversing, creating potential crash risks for drivers nationwide.
Sprinkles Cupcakes permanently closing all stores after 20 years in operation, founder says
Sprinkles Cupcakes, famous for its cupcake ATMs, is permanently closing all locations after 20 years in business, shocking customers and employees nationwide.
IRS hands workers bigger tax break for business expenses in 2026
Gig workers get a tax break with higher mileage rates for 2026. The IRS increased business driving deductions to 72.5 cents per mile from last year.
Outback Steakhouse sued after man suffers 'serious bodily injury' from toilet shattering under him
A Florida man sued Outback Steakhouse after a handicapped toilet seat allegedly shattered and collapsed while he was on it, causing severe bodily injury.
Two airlines nearly collide taking off from Houston's Bush Intercontinental Airport
Two planes nearly collided at Houston's Bush Intercontinental airport after Volaris flight made unauthorized turn into United Express path, FAA investigating.
Musk sounds alarm on silver as China restricts exports needed for critical industrial processes
Elon Musk warned that China's new silver export restrictions could hurt industries using the metal as an input with the precious metal's prices hit record highs.
Small business owners remain 'cautiously optimistic' heading into 2026 amid rising costs, labor challenges
Small business owners remain optimistic about 2026 growth despite inflation and labor challenges, with 80% expressing confidence in their outlook.
Tech billionaires threaten to flee California over proposed 5% wealth tax
Silicon Valley tech founders threaten to leave California over proposed 5% wealth tax on billionaires. The controversial measure could trigger an exodus from the state.
Housing market expected to offer little relief for buyers in 2026 despite modest improvements ahead
The U.S. housing market is expected to show modest improvement in 2026, with mortgage rates dropping slightly and home sales increasing 2%.
Stock up now on these items before prices jump in early 2026, Wells Fargo says
Retail experts say now is the time to buy goods before prices rise as tariff-related costs could be passed along to consumers in the new year.
Americans will get 'gigantic' tax refund next year, Treasury Secretary says
Treasury Secretary Scott Bessent predicted "gigantic" tax refunds of $1,000-$2,000 for many Americans filing in 2026 due to Trump's tax cuts.
ETF race hits $1T at record speed with more gains coming
Money is flowing into ETFs so fast this year that the industry hit $1 trillion in October, months ahead of last year's pace, as gold, bonds and crypto lure investor dollars.
Holiday barks sold at Aldi recalled over potential undeclared pecans, wheat: FDA
Silvestri Sweets recalled Choceur-branded holiday bark sold at Aldi stores after a packaging mix-up led to undeclared allergens in the popular treats.
Logan Paul drops $5.3M on a Pokémon card, tells young investors to ditch the stock market
Logan Paul paid $5.3 million for a rare Pokémon card and believes young investors should consider alternatives to traditional stock market investing.
2,000 pounds of sausages recalled after consumer finds dangerous metal strip over 1-inch long
U.S. Department of Agriculture recalls nearly one ton of Olympia Provisions holiday kielbasa after consumer reportedly found a metal strip in sausage.
Elon Musk takes dig at Waymo after San Francisco blackout
Elon Musk mocks Waymo after rival's self-driving cars stopped at intersections during San Francisco power outage, while claiming Tesla's robotaxi remained unaffected.
Powerball jackpot rises to $1.6B, fifth-largest in US lottery history
The Powerball jackpot climbed to an estimated $1.6 billion with a cash value of $735.3 million after there was no winner in Saturday's drawing.
New York parents say kids 'freeze' on mandated electric school buses during brutal winter weather
Parents in western New York report heating problems with mandated electric school buses, claiming children come home cold after rides in freezing weather.
Trump secures agreements with major drugmakers to lower Medicaid prescription costs for Americans
President Donald Trump announced Friday that nine additional pharmaceutical companies joined its most-favored-nation pricing initiative.
Olive Garden plans nationwide rollout of lighter portions menu following successful testing
Olive Garden to roll out lighter portion entrées nationwide in January after successful testing shows double-digit boost in affordability perceptions.
Elon Musk's net worth soars, now more than double his closest rival’s as Tesla stock continues to surge
Elon Musk's net worth hits $681 billion, more than double Google co-founder Larry Page's $249 billion wealth, as Tesla's stock surge widens the billionaire gap.
Inflation remained elevated in November as Fed considers pausing interest rate cuts
The Bureau of Labor Statistics released the November consumer price index which showed that CPI inflation remained well above the Federal Reserve's 2% target rate.
House Republicans move to repeal proposed Biden-era heat-safety rule, citing burdens on small businesses
GOP lawmakers and business advocacy groups challenge proposed Biden-era federal heat safety standards, calling the requirements on employers nationwide 'heavy-handed.'
NYC’s viral grocery store founder breaks silence: ‘I’m an active target’ — and it’s good for business
From $27 beef salads to $700 caviar, this New York City grocery store became a cultural flashpoint through social media buzz, proving controversy boosts business.
Popular salad dressings, sold at Costco and reportedly Publix, recalled over ‘foreign objects’
Ventura Foods salad dressing recall affects thousands of cases at major retailers such as Costco due to black plastic contamination in onion ingredients.
Inside GM’s $242M push to rebuild America’s skilled trades workforce
General Motors is investing $242 million in a skilled trades apprenticeship program, training 600 new journeypersons yearly through hands-on experience.
PayPal plans to launch bank serving small businesses around the US
PayPal files with Utah and the FDIC to launch PayPal Bank, an industrial loan company offering small business lending and FDIC-insured savings accounts.
US added 64K jobs in November after losing 105K in October, delayed report shows
The Labor Department released the highly anticipated November jobs report which showed the U.S. economy added jobs despite uncertainty over inflation.
McDonald's CEO delivers blunt career advice that may 'hurt your feelings' in new Instagram video
McDonald's CEO Chris Kempczinski delivers blunt career advice that may 'hurt your feelings,' urging followers to take full ownership of their professional paths.
Mom says viral video shows her being booted from Georgia restaurant for breastfeeding her baby
Heated exchange at Georgia restaurant caught on camera as nursing mother says she was confronted by the owner, adding to the venue’s controversial history with families.
Universal Orlando theme park coaster death ruled accidental
Universal Orlando roller coaster death ruled accidental after investigation into Kevin Rodriquez-Zavala's fatal Epic Universe incident on Stardust Racers.
Trump administration announces shift of ‘Biden-Buttigieg era’ Amtrak executive bonuses to frontline workers
Trump administration helps redirect Amtrak executive bonuses to 18,000 frontline workers, giving employees $900 in recognition of their service.
Arizona city unanimously rejects AI data center after residents' outcry
The Chandler, Arizona, city council unanimously voted against clearing the way to allow for construction of an artificial intelligence data center
‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown
West Palm Beach has evolved from its retirement haven days, as tech firms, financial giants and entrepreneurs flock to one of the country's most sought-after business destinations.
Cracker Barrel diners are sounding the alarm – here’s what reportedly has them furious
Cracker Barrel customers slam restaurant chain for poor food quality as company works to regain customer confidence in the wake of its failed rebrand.
Small businesses report record monthly surge in price increases as inflation pressure mounts
Small businesses hit a record high for price increases in November, with 34% raising prices amid persistent inflation pressures, an NFIB survey reveals.
Small business optimism rises, but owners say qualified workers are still hard to find
Small business optimism rises despite ongoing labor quality concerns as well as inflation challenges, according to new NFIB data showing mixed economic signals.
FDA recalls blood pressure medication over cholesterol drug contamination
Glenmark's Ziac blood pressure tablets contaminated with cholesterol drug ezetimibe prompts FDA recall affecting multiple bottle sizes nationwide.
Another restaurant in beleaguered San Francisco mall closing
Shake Shack closes San Francisco Westfield location Dec. 14, affecting 26 workers as new mall owners force all tenants out of struggling downtown property.
Trump warns Netflix-Warner Bros Discovery deal could be a problem, says he’ll be ‘involved’ in decision
President Donald Trump raised antitrust concerns over the proposed Netflix takeover of Warner Bros. Discovery and said he'll be part of the decision process on Sunday.
Kiss frontman Gene Simmons prepares to rock Capitol Hill as conservatives rally behind radio royalty reform
Conservative groups rally behind American Music Fairness Act as rock legend Gene Simmons prepares to testify before Senate on radio royalties for recording artists.
Could AI replace seasonal workers?
AI automation could replace 20%-30% of seasonal workers in retail returns processing, as companies adopt advanced systems that improve speed and accuracy.
Financial influencer tracks 'quiet millionaires': Here's the No. 1 strategy they all share
Financial influencer JC Rodriguez reveals how ordinary people become millionaires through consistency, not flashy investments, in 'quiet millionaires' talks.
Billionaire who moved business to Florida now selling final property in blue city at discount
Billionaire Ken Griffin set to complete Chicago real estate exit as final condo reportedly goes under contract.
'Trump accounts,' explained: Who qualifies, how they work and when you can claim
Trump accounts are new government investment accounts for children under 18, launching in 2026 with $1,000 federal deposits and U.S. stock index fund investments.
Elon Musk, Trump admin go scorched Earth on EU after X hit with $140M fine
Elon Musk and the Trump administration slammed the European Union after X was hit with a $140 million fine for Digital Services Act "non-compliance."
DOT temporarily halts enforcement of Biden-era refund requirements for airline flight renumbering
DOT temporarily suspends airline refund requirements for renumbered flights, allowing carriers to change flight numbers without triggering automatic refunds.
DeSantis details phased approach to eliminate Florida property taxes with 2026 ballot requirement
Florida Gov. Ron DeSantis wants a property tax elimination plan "that can pass" with voters when it potentially hits the 2026 ballot, as he provides updates on the proposal.
Fed's favored inflation gauge shows consumer prices remained elevated in September
The Commerce Department's delayed September PCE inflation report showed that inflation remained well above the Federal Reserve's 2% target ahead of a central bank decision next week.
US investigating Waymo after footage captures self-driving cars illegally moving past school buses in Texas
The federal safety agency NHTSA investigating Waymo's autonomous vehicles after 20 citations for illegally passing stopped school buses in Austin, Texas.
Small businesses lead November job losses as tariff uncertainty weighs on hiring
Small businesses lost 120,000 jobs in November amid heightened economic uncertainty over tariffs and outpaced job gains at larger firms, according to the latest ADP employment report.
Hawaii sues TikTok parent company ByteDance, claims app harms children
Hawaii sues ByteDance, claiming TikTok was designed to be dangerously addictive for young users through manipulative features.
SCOOP: Trump to unveil 'historic reset' of Biden fuel rules, touts $109 billion in savings
Trump unveils changes to CAFE fuel economy standards that the White House says will save American families $109 billion while meeting with Ford, GM and Stellantis executives.
Trump says Americans may soon pay ‘no income tax’ as White House explores alternative revenue streams
President Trump proposes eliminating income tax entirely, suggesting tariff revenue could replace traditional taxation in ambitious economic overhaul plan.
Sens. Cruz and Booker urge business leaders to support 'Trump accounts' program
Bipartisan senators Ted Cruz and Cory Booker urged Fortune 1000 companies to support the new "Trump Accounts" federal savings program for newborn Americans.
Michael and Susan Dell donate $6.25B to fund 'Trump accounts'
Michael Dell and his wife pledged $6.25 billion to support the new "Trump accounts" program giving American children $1,000 at birth plus additional bonuses.
Costco files federal lawsuit challenging Trump's emergency tariff orders on imported goods
Major retailer Costco challenges Trump tariff legality in federal court. Company faces critical December deadline that could lock in payments forever.
Product sold at Walmart recalled due to risk of explosion
Walmart recalls 201,000 'Ozark Trail' camping stoves after explosions caused burns to users. Stop using immediately and return to store for full refund.