Business

Rent becoming more affordable for many Americans as market stabilizes

Renters are expected to see some relief from rising prices this year, with the pace of rent growth expected to slow as the market stabilizes and a measure of affordability hits a four-year-high. An analysis by Zillow projects that multifamily rental prices are expected to remain relatively flat through the end…

PHIL FLYNN: To win the AI race, America must unleash energy dominance or fall

PROGRAMMING ALERT: Jackie DeAngelis hosts a special one-hour program: “Fox Business In Depth:  Reenergizing America” on February 18 at 8 PM ET/5 PM PT. Jackie and a panel of experts, newsmakers, and FBN correspondents break down the progress and headwinds in securing America’s energy future.   We are on the precipice of the greatest economic and…

Meta CEO to testify in high-stakes trial that could cost Big Tech billions

Meta CEO Mark Zuckerberg will testify Wednesday in Los Angeles Superior Court in a landmark trial over claims that social media platforms harm children — his first time answering youth safety allegations before a jury. The bellwether lawsuit, K.G.M. v. Meta Platforms, Inc., et al., was filed by a 20-year-old…

Cheerios maker says cost of living, housing expenses changing way consumers spend

Cheerios maker General Mills cut its annual sales and profit forecasts, citing weak consumer sentiment and a shift toward healthier and lower-cost food options that are pressuring demand for packaged products. “Weak consumer sentiment, heightened uncertainty, and significant volatility have weighed on category growth and impacted consumer purchase patterns, resulting…

US home prices are rising — but these fast-growing markets remain affordable

America’s hottest housing markets aren’t in flashy coastal cities — they’re in communities across the Midwest and South. Even as the national market cools, areas in states like Missouri and Kentucky are seeing double-digit price growth while remaining within reach for middle-income buyers.Recent data from the National Association of Realtors…