US Consumer Spending Is Increasingly Driven by Richer Households

The consumers powering US economic growth are increasingly those who are higher up the income ladder, and likely enjoying a wealth effect from asset-price gains, according to research by Federal ... Read More

Wealthier Americans are driving retail spending and powering US economy

Why, despite being squeezed by high prices, have Americans kept spending at retail stores and restaurants at a robust pace ... Read More

The US could have seen shortages and higher retail prices if a dockworkers strike had dragged on

The union representing striking U.S. dockworkers has reached a deal to suspend the strike until Jan. 15 to provide time to negotiate a new ... news after snarled supply chains sent prices jetting ... Read More

Are Stocks Overvalued?

Because of the aggressive first move from the Fed, markets have priced in a higher likelihood of avoiding recession and sent stocks to new highs. Stocks and the Magnificent 7 continued their march ... Read More

Stock Market Today: S&P 500 Hits New High as Micron Soars

Stocks opened solidly higher Thursday thanks to a round of encouraging economic data and strong earnings from memory chipmaker Micron Technology (MU). And while the major indexes lost steam as the ... Read More

Dow and S&P end at fresh record highs, lifted by Netflix earnings and tech stocks

Futures pointed to a higher open for the S&P 500 and the Nasdaq on Friday as technology shares broadly advanced and investors parsed corporate results, while Netflix jumped after beating subscriber ... Read More

Powerball champ Edwin Castro soars through California 10K race days after being cleared of theft allegations

Talk about taking your money and running. Powerball winner Edwin Castro charged through a California 10K race Saturday morning — days after a judge cleared him of allegations he stole his record ... Read More

US sends second aircraft carrier group to Middle East – here are all the military assets in the region

The US ordered ... USS New York amphibious transport dock and USS Oak Hill dock landing ship, which are in the region in the event of a mass evacuation operation from Lebanon, USNI News reported. Read More

A Year That Has Brought Us to the Breaking Point

Hard as it may be to wrap one’s head around that possibility, it is nevertheless imperative for us to do so. Unless the patterns that created this year of genocide can be broken, we should ... Read More

What fueled this week’s record-breaking stock rally

In China, stocks ripped higher this week ... Gold has notched repeated record highs this year, driven by central bank buying of the yellow metal and worries about the US economy’s health. Read More

Woman arrested after breaking into home, making pasta dinner in creepy encounter: police

The Madison Police Department told Fox News Digital the victim was "startled to see all the lights on, as she had been gone most of the day." "Police arrived and observed through windows a female ... Read More

Revolut Takes On Robinhood, EToro With Own Retail Wealth App

Revolut Ltd., Europe’s most valuable fintech, is spinning out its €8.5 billion ($9.5 billion) wealth ... US and European stocks, exchange-traded funds, commodities and bonds, as well as new ... Read More