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Economy

Stay informed with the latest updates on global and local economies, covering growth trends, market shifts, and policies that shape financial landscapes.

JPMorgan CFO warns Trump’s proposed credit card cap could cause people to ‘lose access to credit’

  • January 13, 2026
  • 9:23 PM

JPMorgan CFO Jeremy Barnum warned that President Trump's proposed 10% credit card interest rate cap could hurt the economy and reduce access to credit for consumers who need it most.

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Global central bank leaders back Fed Chair Powell amid federal investigation

  • January 13, 2026
  • 7:45 PM

Global central bank leaders rallied behind Fed Chair Jerome Powell as he faces criminal investigation from Trump administration over perjury allegations.

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Inflation held steady in December, remaining well above the Fed’s 2% target

  • January 13, 2026
  • 1:35 PM

The Bureau of Labor Statistics released CPI inflation data which showed that consumer prices rose at a steady pace in December as inflation remained well above the Fed's target.

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Former Fed chairs, Treasury secretaries defend Jerome Powell amid Trump DOJ’s criminal probe

  • January 12, 2026
  • 4:52 PM

A group of former Federal Reserve chairs and ex-Treasury secretaries from both administrations of both parties is defending Fed Chair Jerome Powell amid the Trump DOJ's investigation.

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Trump to interview BlackRock’s Rick Rieder for Fed chair role

  • January 12, 2026
  • 1:11 PM

President Donald Trump will interview BlackRock's Rick Rieder on Thursday for the role of Federal Reserve chairman, sources tell FOX Business.

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Recall of cheese products upgraded to highest danger level over Listeria-causing bacteria: FDA

  • January 12, 2026
  • 2:20 AM

The FDA announced that a recall of cheese products has been upgraded to the most serious risk category after testing positive for Listeria monocytogenes.

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US economy added 50K jobs in December as unemployment rate declines

  • January 9, 2026
  • 1:32 PM

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.

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Urgent recall: 13K chargers sold at TJ Maxx, Marshalls may explode during use

  • January 9, 2026
  • 4:37 AM

More than 13,000 wireless chargers sold in the U.S. at T.J. Maxx and Marshalls have been recalled over fears that they could "explode while in use."

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IRS announces start date of 2026 tax filing season: what to know

  • January 8, 2026
  • 8:46 PM

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.

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Trump announces plans to ban institutional investors from buying single-family homes

  • January 7, 2026
  • 7:39 PM

President Donald Trump announced he is moving forward with plans to ban institutional investors from purchasing single-family homes in an effort to improve affordability.

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