foxbusiness.com / .foxbusiness-com-economy

The Senate passed the No Tax on Tips Act, a key element of Trump's tax cut plan, with bipartisan support despite concerns over its $10 billion annual price tag.

The average rate on the 30-year fixed mortgage rose this week to 6.86%, according to the latest Freddie Mac data released on Thursday. That is up from last week's reading of 6.81%.

Federal Reserve Governor Christopher Waller said markets are demanding higher Treasury yields due to concerns about tax cuts widening the federal budget deficit.

The share of homes bought with all cash varies from state to state, with West Virginia and New York seeing some of the largest percentages, per a recently released analysis.

Most American homebuyers are anticipating a recession in the next year, though more view that as a buying opportunity than a deterrent to purchase, Realtor.com found.

Klarna's losses double even as buy now, pay later services grow in popularity. Experts have warned that these services can be a ticket to overspending.

A new report by Goldman Sachs finds that while larger tax cuts will yield a bigger growth boost, the drag on economic growth from tariffs will offset that gain.

The Dockers brand, long synonymous with Levi Strauss is getting a new owner as Authentic Brands has agreed to purchase the casual clothing line for a deal with over $300M ...

Fast-food workers are facing an affordability crisis, needing to work longer hours to afford the meals they serve. Wage gaps highlight economic issues in the food industry.

JPMorgan Chase CEO Jamie Dimon discussed the burden of mortgage regulations on homebuyers and expressed concerns over economic risks like stagflation and tariffs.