Business News
Late-breaking news and the day's top stories, in clear, balanced language.
business50+Analyst says millions of barrels of Gulf oil remain shut in beyond Hormuz focus
Petroleum geologist Art Berman told Fox News that about 8 million barrels a day of Persian Gulf production remain shut in and that restarting wells is
Aug 23
business50+U.S. 50 percent Canada tariffs take effect after trade talks break down
New U.S. 50 percent tariffs on about $20 billion in Canadian goods took effect after Prime Minister Mark Carney suspended talks and vowed dollar-for-d
Aug 22
business50+Treasury says U.S. can grow its way past $40 trillion national debt milestone
Gross federal debt topped $40 trillion this week. Treasury Secretary Scott Bessent told CNBC and reporters the figure is not magic and that growth plu
Aug 21business50+Prescription drug prices fall 3.1 percent year over year, steepest drop since 1963
U.S. prescription drug prices are down 3.1 percent from a year earlier, the sharpest annual decline since 1963, according to price-index reporting. Th
Aug 20
business50+Dallas Fed says AI data centers already raise wholesale power costs 2 to 6 percent
Federal Reserve Bank of Dallas research finds existing AI data centers have pushed average wholesale electricity prices 2 to 6 percent higher nationwi
Aug 20
business50+New York Fed says overall debt delinquencies eased while card and auto stress stay high
The New York Fed reported that 4.7 percent of U.S. household debt was delinquent in the second quarter of 2026. Credit card and auto loan delinquencie
Aug 19
business50+Miami Remains Affordable Compared to New York City, Developers Say
Top developers in Miami and New York City believe South Florida real estate is still a bargain despite increasing costs. They cite several factors, in
Aug 19business50+Home Depot second-quarter sales rise to 47.9 billion as smaller projects lead
Home Depot reported 47.9 billion dollars in fiscal second-quarter sales, up 5.7 percent from a year earlier, and reaffirmed full-year guidance. CFO Ri
Aug 18business50+Goldman Sachs expects Fed to hold rates through end of 2026
Goldman Sachs expects the Federal Reserve to keep the benchmark rate at 3.50 percent to 3.75 percent for the rest of 2026. Markets have assigned highe
Aug 17business50+New 2026 tax rules change charitable deductions for itemizers and non-itemizers
Federal tax changes effective in 2026 alter charitable deductions under the One Big Beautiful Bill Act. Non-itemizers can deduct limited cash gifts, w
Aug 15business50+Active U.S. homebuyers fall to about 967,000, lowest since 2013
Redfin estimates the pool of active buyers dropped to roughly 967,000 in July, about 34 percent below the number of sellers. High prices and higher mo
Aug 14business50+July U.S. budget deficit hits 432.3 billion, highest since March 2021
The Treasury said the federal budget shortfall reached 432.3 billion in July. Medicare costs and interest on the national debt were major drivers, acc
Aug 14business50+Wholesale prices were unchanged in July as energy costs fell
The Labor Department said the Producer Price Index for final demand was flat in July. Energy prices dropped, and wholesale inflation over the past yea
Aug 14
business50+Consumer prices rise 3.4 percent in July as gas and grocery costs ease
U.S. consumer prices were up 3.4 percent from a year earlier in July, a milder annual pace than May or June, the Labor Department said. Falling gasoli
Aug 13
business50+Social Security 2027 COLA Estimates Released
New estimates for the 2027 Social Security cost-of-living adjustment (COLA) have been released, ranging from 3.2% to 3.6%. The estimates follow the la
Aug 13
business50+Homebuyers Can Purchase New Homes Before Selling Old Ones
Homebuyers can buy a new home before selling their old one, and there are strategies to do so without financial strain. This process can be complex, b
Aug 13
business50+Federal Reserve's Beth Hammack Discusses Rate Hikes
Beth Hammack stated that one interest rate hike may not be enough to control inflation. She believes the current interest rates are not significantly
Aug 12business50+Consumer Prices Fall 0.4 Percent in June as Annual Inflation Eases to 3.5 Percent
The Bureau of Labor Statistics said the Consumer Price Index fell 0.4 percent in June after seasonal adjustment, bringing the 12-month inflation rate
Aug 10business50+US Goods and Services Trade Deficit Falls to 73.3 Billion in June
The Census Bureau and Bureau of Economic Analysis said the U.S. goods and services deficit fell to $73.3 billion in June from a revised $77.6 billion
Aug 10
business50+Central Banks Plan More Gold Purchases Amid Inflation and Uncertainty
A World Gold Council survey found 89 percent of central banks expect global gold reserves to grow next year, and a record 45 percent plan to add to th
Aug 10