foxbusiness.com / .foxbusiness-com-economy

Workers at an Amazon warehouse on Staten Island in New York will join thousands of others as the strike against the retail giant continues.

The group behind the meme coin $HAWK, named after Haliey Welch, aka the "Hawk Tuah Girl," was hit with a lawsuit following the token's crash of 95% from a $490M market cap in minutes.

The TSA warned that an extended partial government shutdown could result in longer wait times for holiday season travelers even as most TSA workers will remain on the job.

The Fed's preferred inflation measure for November, the PCE index, came in below Wall Street estimates. However, it remains above where policymakers want it to be suggesting prices are still stubbornly high.

Mortgage rates rose this week with the average 30-year fixed-rate note climbing to 6.72%, dinging demand as overall mortgage applications decreased due to a drop in refinances.

On the heels of rate cuts, the housing market is slowly getting closer to a full recovery.

Millions of Americans are gearing up for Christmas, with many planning to spend time with loved ones and cook food. Christmas dinner and gingerbread ingredient will be costlier, according to Expana.

The Federal Reserve's policymakers announced that they will cut the benchmark federal funds rate by a quarter point in December, marking the central bank's third straight cut.

Sweetgreen is working to keep farmers markets, a key resource for small-scale agriculture and a way to support food and beverage entrepreneurs, from shutting down.

The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.