Snap on Wednesday announced plans to lay off roughly 1,000 employees, as the tech company adopts artificial intelligence (AI) and looks to streamline its operations. The parent company of Snapchat will also close over 300 open roles as part of its workforce restructuring, which comes after Irenic Capital Management pushed…

Outstanding mortgage payments reached a new high at the end of last year when the typical mortgage holder’s monthly payment exceeded $2,000 for the first time. While the average monthly payment for new homebuyers crossed the $2,000 threshold in September 2022, the rise in the average monthly payment for all…

A new tax proposal targeting high-end second homes in New York City is drawing renewed attention to the growing financial pressures facing the state as leaders look for new revenue streams to close persistent budget gaps. FOX Business’ Madison Alworth joined “The Big Money Show” to report on the proposal,…

Costco has rolled out a new milk product in select locations that lactose-intolerant customers say they had long been “waiting for Costco to put out,” marking a release that shoppers are calling long overdue and highly anticipated. An ultra-filtered, high-protein, low-calorie 2% fat milk has appeared in Texas stores, according…

More than 5,000 Graco infant car seats sold through Target, Walmart and other major retailers are being recalled in the United States after the company and federal regulators warned of an injury risk tied to the seat base. The recall applies to Graco SnugRide Turn & Slide car seats sold…

Americans are facing a midnight deadline to file their 2025 tax return, but the refunds that await the majority of taxpayers are larger on average than a year ago – with taxpayers in certain states receiving higher refunds, according to a new report. An analysis by Upgraded Points of how…

Treasury Secretary Scott Bessent issued a veiled warning to gas stations that jacked up the prices on consumers under the guise of global oil supply concerns: President Donald Trump will be watching. “We’ll be looking at Treasury to try to keep the retail gas stations honest — that you did…

President Donald Trump says he warned China against supplying weapons to Iran, and Chinese President Xi Jinping responded with a claim he was “not doing that.” “He responded to a letter that I wrote because I had heard that China is giving weapons to — I mean, you’re seeing it…

President Donald Trump unloaded on Federal Reserve Chairman Jerome Powell on Wednesday, threatening to fire him over his alleged “incompetence” if he fails to leave his position. “I’ve held back firing him. I’ve wanted to fire him, but I hate to be controversial, you know?” the president told FOX Business’…

The tax filing deadline for 2025 tax returns is here, with taxpayers having until just before midnight on April 15 to file their returns or request an extension. Last-minute tax filers racing against the clock to get their return filed ahead of the IRS deadline will want to be systematic…