Kroger has closed at least three dozen stores since announcing plans last year to shutter 60 locations that were not “delivering sustainable results” by the end of 2026.  The Cincinnati-based grocery giant did not release a full list of stores or banners slated for closure, but online searches listed 39…

Social Security beneficiaries are still expected to see a larger cost-of-living adjustment (COLA) in 2027 than they did this year, though it has decreased as inflation eased in July. By law, the annual Social Security COLA is calculated using the Bureau of Labor Statistics’ consumer price index (CPI) inflation data…

Tesla is planning to build a massive solar cell factory in Texas that it expects to cost $10.1 billion, according to documents the company filed with the state. Dubbed Project Crystal Sun, the site would sit just outside Houston in Fort Bend County, according to the documents.In its pitch to…

Home Depot CEO Ted Decker is taking a temporary medical leave of absence, the company announced on Wednesday. The home improvement retailer expects Decker, who also serves as chair and president, to return “within the next few months,” according to a Home Depot news release.During his absence, Senior Executive Vice…

The slowing U.S. labor market is presenting more challenges for a housing sector facing affordability challenges, with would-be homebuyers struggling to save amid persistent inflation and a less dynamic employment outlook. The Bureau of Labor Statistics on Friday released the jobs report for July, which showed the U.S. economy unexpectedly…

The boom in weight-loss drugs may have transformed the obesity market, but Novo Nordisk’s CEO says the industry is still only scratching the surface with tens of millions of Americans potentially eligible for treatment. Novo Nordisk President and CEO Mike Doustdar joined FOX Business’ Cheryl Casone on “Mornings with Maria”…

Mark Walter’s time as the majority owner of the Los Angeles Lakers is up after less than a year. After purchasing his stake in the organization for a $10 billion valuation in October, the Lakers were sold to American businessmen Josh Kushner and Bob Iger for a record price of…

This story about the July 2026 CPI inflation report will be updated with further details. Inflation cooled slightly in July even as the pace of consumer price growth from a year ago remains elevated, as the Federal Reserve considers a potential interest rate hike next month.The Bureau of Labor Statistics…

Bank of America (BofA) is launching a $250 billion initiative to finance a broad buildout of U.S. infrastructure, including data centers, semiconductor facilities, power generation and transportation projects. The banking giant announced Wednesday that its Critical Infrastructure Finance Initiative will mobilize and deploy $250 billion through lending, investments, capital markets…

A federal appeals court refused to dismiss thousands of lawsuits against Meta, Google, TikTok and Snapchat, allowing complaints alleging the platforms were designed to be addictive to young users to move forward. The Ninth U.S. Circuit Court of Appeals rejected an appeal by Meta and TikTok attempting to overturn a lower court ruling requiring the firms…