FOX Business News

U.S. hiring slowed in March as the once rock-solid labor market began to soften in the face of high interest rates and stubborn inflation.  Employers added 236,000 jobs in March, the Labor Department said in its monthly payroll report released Friday, mostly in line with the 239,000 jobs forecast by Refinitiv […]

All of our current economic ills can be traced back to one root cause: reckless overspending by the federal government. The Federal Reserve just announced yet another rate hike, tapping the brakes on our economy once more as part of its ongoing battle against inflation. In truth, the central bankers probably would have […]

Mortgage rates slid for the fourth week in a row, but buyers may have their hands tied by other challenges arising in the housing market, according to Freddie Mac.  The average rate for a 30-year fixed-rate mortgage dropped to 6.28% for the week ending April 4, according to Freddie Mac’s Primary Mortgage […]

Now more than ever before, people are jumping at the opportunity to travel and make up for lost time lost during the COVID-19 pandemic. However, there’s also no ceiling for how much they’re willing to spend to make sure they’re getting the most luxurious experience.  Virgin Atlantic Chief Customer and […]

Toyota is accelerating the growth of its electric vehicle offerings as it plays catchup in the increasingly important segment. The automaker outlined its new strategy during an event in Tokyo on Friday. “In the next few years, we will expand our line-p in the important battery electric category,” Toyota President […]

All eyes will be on the March jobs report when it comes out Friday morning amid signs the once rock solid labor market is finally beginning to crack in the face of higher interest rates. The Labor Department’s high-stakes payroll report is projected to show that hiring increased by 239,000 […]

Tesla has once again cut prices in an effort to boost demand for its electric vehicles, according to Bloomberg. The Model S sedan now starts at $84,990, a $5,000 cut from last month’s price.  The Model X starts at $94,990, also a $5,000 drop. The automaker delivered 422,875 vehicles globally […]

Equity markets will pause to mark Good Friday. However, index futures will trade until 9:15 a.m. due to the release of the monthly jobs report. The Securities Industry and Financial Markets Association recommends a closure at noon for bond trading. Other than the abbreviated equity futures trading, there will be […]

Samsung Electronics is cutting back on production of its computer memory chips in a move to reduce inventory as the tech giant reported another quarter of declining profit. The company is managing inventory, saying it has sufficient supplies of those chips to meet demand fluctuations. The company predicted an operating […]

Sean “Diddy” Combs is spending a pretty penny every single day. On Wednesday, the hip-hop mogul took to Twitter to reveal that he pays Sting $5,000 per day for sampling The Police frontman’s “Every Breath You Take” in Combs’ song “I’ll Be Missing You.”  In 1997, Diddy released “I’ll Be […]