Business

Target is bringing Warby Parker eyeglass shops to stores

Target is introducing a handful of Warby Parker eyeglass “shop-in-shops” this year.  The retailer revealed Thursday that it and the eyeglasses seller are bringing in-store “Warby Parker at Target” shops to five Target locations during the second half of the year. The first so-called “shop-in-shops” are set to appear within five…

Mortgage rates hit a two-month low this week, remain under 7%

There’s good news for potential homebuyers: mortgage rates continued to trend down this week. In January, rates hit 7.04%, the highest level since last May. This week, however, 30-year rates dropped to 6.76% for fixed-rate mortgages, according to Freddie Mac. “This week, mortgage rates decreased to their lowest level in…

As the US-Ukraine rare earth minerals deal takes shape, here’s what to know

President Donald Trump and Ukrainian President Volodymyr Zelenskyy are expected to meet Friday in Washington, D.C., to sign an agreement on the development of rare earth mineral projects in Ukraine, as well as oil and gas projects. Under the newest version of the deal that the Ukrainian Cabinet approved on Wednesday,…

As the US-Ukraine rare earth minerals deal takes shape, here’s what to know

President Donald Trump and Ukrainian President Volodymyr Zelenskyy are set to formalize an agreement on Friday that would see the countries share the proceeds from the development of minerals and energy projects, according to a copy of the document reviewed by FOX Business. FOX Business’ Edward Lawrence exclusively obtained a copy…

Inflation gauge favored by Fed showed prices grew as expected in January

The Federal Reserve’s preferred inflation gauge showed prices rose as expected in January at a pace that remains above the central bank’s target level as its efforts to tamp down inflation continue. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index was up 0.3% from the…

Gold prices see massive vote of confidence

[ADD VIDEO]  Gold prices likely won’t lose their shine, even after a 40%+ run over the last 12 months.  The SPDR Gold shares, or GLD, the largest exchange-traded fund backed by physical gold, saw the largest one-day inflow ever of $1.9 billion on February 21, 2024. “We believe the demand is…

Trump says he’s terminating Chevron’s Venezuela oil agreement

President Donald Trump says he is reversing a Biden-era grant allowing Chevron to operate within Venezuela on Wednesday. Trump detailed the decision in a lengthy post on Truth Social, stating that Venezuelan President Nicolas Maduro had not upheld his end of the bargain.”We are hereby reversing the concessions that Crooked…

Who gets stuck with the bill for tariffs on imported Canadian oil?

President Donald Trump’s proposed tariffs on imported Canadian oil could take effect in the weeks ahead, which would raise costs and create a new financial burden for Canadian producers, as well as American refiners and consumers. Trump on Feb. 1 announced 25% tariffs on imports from Canada and Mexico, with a…

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