Category: fox-business/money

Mega Millions jackpot rises to $607M ahead of Friday drawing, marking eighth largest prize in game history

The Mega Millions jackpot now sits at an estimated $607 million after no tickets matched the winning numbers during Tuesday night’s drawing. The winning numbers drawn Tuesday night were 6, 18, 26, 27 and 49 with a Mega ball of 4. The Megaplier was 3X. While no one claimed the big bucks, one lucky player in Florida matched all five white balls to win the…

US national debt tracker for Feb. 27, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,376,317,052,037.23 as of Monday afternoon, according to the latest numbers published by the Treasury Department. That is up about $8.1 billion from the $34,368,198,372,899.16 figure…

More Americans taking Ozempic will boost the US economy, Goldman says

More widespread use of powerful weight-loss drugs like Ozempic in the U.S. could boost the economy in the coming years, according to Goldman Sachs strategists.  The bank estimates that weight-loss drugs, called GLP-1 agonists, could increase the nation’s gross domestic product by an extra 1% over the next decade, the equivalent of about $360 billion per year.  The thinking behind Goldman’s forecast is that poor…

Kitty litter heiress lists California estate for $88M

Jonny Cat kitty-litter heiress Joi Stephens is selling her massive Santa Barbara, California-area property up for sale. The asking price has been set at $88 million for the 11.3-acre property perched among the hills of the wealthy Hope Ranch area of Santa Barbara, according to The Agency real estate brokerage. ‘THIS OLD HOUSE’ STAR BOB VILA PUTS PALM BEACH HOME UP FOR SALE FOR $52.9…

United Airlines hikes checked bag fees, following lead of American Airlines, Jet Blue

United Airlines announced Friday it is raising baggage fees, following a similar move earlier this week by American Airlines and Jet Blue. In a statement to Fox News Digital, United Airlines said that they are raising checked bag fees for customers traveling in North America. Economy class passengers on domestic United Airlines flights will now pay an additional $5, raising the cost for their first…

US national debt tracker for Feb. 22, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,297,767,975,339.20 as of Wednesday afternoon, according to the latest numbers published by the Treasury Department. That is down about $7.4 billion from the $34,305,120,631,653.51 figure…

Where’s my tax refund? How to track your payment from the IRS

Tax season is well underway, and many Americans are eagerly awaiting their refund check from the IRS. To receive a refund within 21 days of filing, the IRS has cautioned filers they must submit returns electronically, ensure that they are accurate and complete and request to receive the refund via direct deposit. If you have already filed your taxes and want to check the status…

Your job offer has been rescinded. Now what do you do?

Imagine that you nailed the interviews, your references checked out, you negotiated your salary and you were extended a job offer — but then, a few days later, you received the unfortunate news that your job offer has been rescinded.  Many people don’t have to imagine this. It’s happened to them.  While the experience can be frustrating and disappointing, there are smart ways to handle…

Your tax bill could be much lower this year – here’s why

High inflation has ravaged millions of American families as the prices for everything from food to rent to health insurance surged over the past three years.  But there is a surprising silver lining to inflation that many households can look forward to this year: a smaller tax bill. That’s because the IRS annually adjusts the federal income tax bracket and standard deduction; in times of…

Grow your T-shirt making business with these 7 steps

Starting a T-shirt-making business can be an exciting venture, but it requires careful planning and execution to ensure success in a competitive market. Whether you’re a creative entrepreneur or someone passionate about graphic design, these tips will guide you through the crucial steps of establishing and growing your own T-shirt business. 8 WAYS TO THINK LIKE AN ENTREPRENEUR Before diving into the T-shirt-making business, conduct…

US national debt tracker for Feb. 16, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,266,061,012,653.21 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is up about $20.74 billion from the $34,245,315,231,752.02 figure…

Wholesale inflation accelerates more than expected in January

Inflation at the wholesale level rose much more than expected in January, underscoring the challenge of taming price pressures within the economy.  The Labor Department said Friday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, jumped 0.3% in January from the previous month. On an annual basis, prices remain up 0.9%. Those figures are both higher than…

US national debt tracker for Feb. 15, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,245,315,231,752.02 as of Wednesday afternoon, according to the latest numbers published by the Treasury Department. That is down about $23.7 billion from the $34,269,060,493,914.81 figure…

World Cup 2026 expected to bring economic boost to American host cities

It might be two years away, but World Cup host cities are already gearing up for the tournament and looking to score a huge economic boost. For the first time, the World Cup will span three countries, with games in the United States, Mexico and Canada in 16 cities, including 11 in the U.S. Combined, the host cities can expect $5 billion in economic impact,…

US national debt tracker for Feb. 14, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,269,060,493,914.81 as of Tuesday afternoon, according to the latest numbers published by the Treasury Department. That is up about $38.3 billion from the $34,230,783,465,383.28 figure…

Valentine’s Day: When love and money collide

When it comes to money this Valentine’s Day, it isn’t all champagne and roses, according to a new study. Fidelity Investments found that finances create points of contention among couples regarding spending and saving, particularly planning for emergency funds and retirement. FOX Business takes a deeper look at the numbers.   VALENTINE’S DAY SPENDING TO HIT $26 BILLION The survey results show 25% of couples…

First-edition ‘Harry Potter’ book up for auction after it was anonymously donated to local pet charity

A rare first edition of “Harry Potter and the Philosopher’s Stone” will go up for auction — and could sell for thousands of dollars.  The RSPCA Isle of Wight branch in Godshill, England, received the book as an anonymous gift and took it to Hansons Auctioneers for an appraisal.  RSPCA marketing and engagement officer Rebecca Busby told Hansons Auctioneers the book was a shocking gift….

US national debt tracker for Feb. 13, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,230,783,465,383.28 as of Monday afternoon, according to the latest numbers published by the Treasury Department. That is up about $2.6 billion from the $34,228,178,296,346.87 figure…

January inflation breakdown: Where are prices still rising the fastest?

Inflation rose faster than expected in January as an increase in the cost of rent and food kept prices elevated for millions of U.S. households.  The Labor Department said Tuesday that the consumer price index, a broad measure of the price of everyday goods including gasoline, groceries and rent, rose 0.3% in January from the previous month. Prices climbed 3.1% from the same time last…

US national debt tracker for Feb. 12, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,228,178,296,346.87 as of Friday afternoon, according to the latest numbers published by the Treasury Department. That is down about $520 million from the $34,228,699,143,453.34 figure…

US national debt tracker for Feb. 7, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — increased to $34,196,564,648,055.77 as of Tuesday afternoon, according to the latest numbers published by the Treasury Department. That is up about $42.6 billion from the $34,153,974,129,467.71 figure…

Credit card debt poised to a hit a new record high

Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive.  The New York Federal Reserve Bank’s Quarterly Report on Household Debt and Credit, slated for release on Tuesday morning, is expected to show that credit card debt hit a new record during the three-month period from October through December, smashing…

Great wealth transfer is underway in US — to women

There is an enormous undercurrent affecting the world of wealth management in the U.S. that continues to swell, driven by shifts in demographics, culture, families and career trends. It is the greatest transfer of wealth the nation has ever seen, and financial advisers say they are bearing witness to it already. A McKinsey & Company study released in 2020 found women are set to control…

This is critical for ‘thriving’ in retirement, personal finance expert says

Living out your golden years should not be a struggle. “The Ramsey Show” co-host Jade Warshaw revealed the key to “thriving, not just surviving” in your later years in an interview with “The Big Money Show” Monday. “It’s so important to make sure that you’re planning for your own social security by investing on your own,” she stressed. NEW IRS 401(K), IRA CONTRIBUTION LIMITS A…

Taylor Swift’s Super Bowl private jet parking likely secured despite concerns over pop star’s travel plans

Taylor Swift likely has a secured parking spot for her private jet for when she attends Super Bowl LVIII in Las Vegas on Feb. 11 to watch the Kansas City Chiefs’ Travis Kelce take the field one last time this NFL season. There seemed to be limited landing slots available at Henderson Executive Airport and North Las Vegas Airport weeks out from the biggest football…

US national debt tracker for Feb. 2, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — dropped to $34,155,015,629,668.67 trillion as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is down about $36 billion from the $34,191,150,402,393.64…

January jobs breakdown: Which industries hired the most workers last month?

U.S. job growth came in stronger than expected in January, boosted by a flurry of hiring across different sectors of the economy. Employers added 353,000 jobs in January, the U.S. Department of Labor said in its monthly payroll report released Friday, nearly double the 180,000 gain forecast by Refinitiv economists. The unemployment rate held steady at 3.7%, against expectations for a slight increase. “So much…

Trump-era tax cuts poised to expire soon, meaning you could face steeper taxes

Millions of Americans could soon face steeper tax bills when massive components of the Tax Cuts and Jobs Act expire at the end of 2025. Enacted by former President Trump in 2017, the law drastically overhauled the nation’s tax code, including reducing the top individual income tax bracket to 37% from 39.6% and nearly doubling the size of the standard deduction. However, those changes to…

Love and money: Big chunk of US couples admit to fighting about finances

With Valentine’s Day approaching and tax season underway, both love and money are in the air. Although most couples claim to be well-aligned when it comes to their spending and financial futures, new data shows some partners might want to sit down and have a talk. Fidelity Investments’ biennial Couples & Money Study released Thursday found that while 9 out of 10 couples said they…

US national debt tracker for Jan. 30, 2024: See what American taxpayers (you) owe in real time

The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending. The national debt — which measures what the U.S. owes its creditors — jumped to $34,138,472,491,310.02 trillion as of Monday afternoon, according to the latest numbers published by the Treasury Department. That is up about $3 billion from the $34,135,457,061,639.36…

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