Business

US economy grew at 2.1% in first quarter

This is a developing story about the final reading of U.S. first-quarter GDP. Please check back for updates. The U.S. economy grew at a faster pace than expected in the first quarter, according to the Commerce Department’s estimate.The Bureau of Economic Analysis (BEA) on Thursday released its final reading of first-quarter GDP,…

Fed’s favored inflation gauge accelerated in May amid energy price shock

This story about the May PCE inflation report is developing and will be updated with further details. The Federal Reserve’s preferred inflation gauge rose in May as price pressures persist in the wake of the energy shock caused by the Iran war.The Commerce Department on Thursday reported that the personal…

Trump alleges gas price gouging, calls for DOJ investigation

close video President Donald Trump claimed energy companies are engaging in fuel price gouging and said that he has ordered the U.S. Justice Department to investigate. “The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil. Those…

Bank of America cardholders can visit 250 museums free during July 4 weekend

FIRST ON FOX: Bank of America is expanding its signature “Museums on Us” program for the July 4th weekend, offering eligible cardholders free admission to 250 museums and cultural institutions nationwide as the U.S. marks its 250th anniversary. Bank of America, Merrill and Bank of America Private Bank credit and…