Business

Former Clinton Labor Secretary Robert Reich called on Democrats to target billionaire Elon Musk if they regain control of Congress in the midterm elections, urging lawmakers to investigate the SpaceX founder and lay the groundwork for nationalizing his companies.During an Oct. 24 episode of his podcast, "The Coffee Klatch with Robert Reich," the former labor secretary argued that Musk holds too much political and economic power and called for Democrats […]

American households will have the opportunity to review their healthcare coverage in November amid the upcoming open enrollment window for those who buy their health insurance through state-based marketplaces or the federal exchange on Healthcare.gov.The open enrollment period begins on Sunday, Nov. 1, and those looking to sign up for a new plan have until Dec. 15 to enroll or change their plan to have their coverage take effect on […]

The massive $6.3 billion cryptocurrency hack at Binance is a warning of potentially devastating cyberattacks ahead, according to a financial and reputation management expert who cautioned that the worst may be yet to come.Eric Schiffer, chairman of Patriarch and Reputation Management Consultants, told FOX Business that the scale of the theft underscores the growing cybersecurity challenges facing major financial institutions."I look at this as one of the world's greatest thefts […]

A federal judge ruled Friday that McDonald's must face a proposed class action lawsuit accusing the fast-food giant of misleading customers about the meat used in its popular McRib sandwich.U.S. District Judge April Perry in Chicago rejected the company's bid to dismiss the lawsuit in its entirety, allowing consumer deception, fraud and unjust enrichment claims to proceed while dismissing five other claims without prejudice.The lawsuit, filed by four consumers in […]

A Canadian real estate CEO and his family were attacked by three masked intruders at their multi-million-dollar home in Toronto this week, leaving two of them with "life-altering injuries," according to police and reports.David Morton, the CEO of the MAC Group, and his two daughters were shot in the attack, police said, and his wife, Doriana Zohil-Morton, was attacked with a hammer."A struggle ensued during this altercation in which the […]

American households are feeling the squeeze of inflation that has remained stubbornly above the Federal Reserve's 2% target since the pandemic, and grocery prices have been a particular pain point in recent years.The most recent consumer price index (CPI) data from the Bureau of Labor Statistics showed that overall food prices were up 2.5% over the last year. The BLS data showed that the food at home index was up […]

Family caregivers are shelling out more than $11,000 a year on average to care for loved ones, consuming nearly a third of their household income, according to a new study.The study, released Wednesday by AARP, found that caregivers spend an average of $11,508 annually out of pocket while caring for an adult relative or friend. That amounts to an average of 31% of household income.The financial burden is even greater […]

Americans who are looking to buy a home are facing a difficult market in terms of affordability due to high mortgage rates that are expected to persist into next year.Interest rates on a 30-year fixed mortgage have risen more than a full percentage point since the start of the year, with data from Freddie Mac showing a rise from 6.16% on Jan. 8 to 7.24% as of Oct. 29.The latest […]

Costco is offering shoppers a way to simplify Thanksgiving dinner this year with a new $199.99 holiday meal bundle.The retail giant said the online-only offering serves eight people and includes turkey, traditional sides and desserts.The bundle is currently marked down from $269.99, with a $70 manufacturer's discount available through Nov. 30 while supplies last, according to Costco's website.The meal works out to approximately $25 per person and includes a 5-pound […]