Fed hikes interest rates to fight inflation

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The fed is trying to tame skyrocketing inflation by hiking interest rates. That includes mortgage rates, which have jumped to over 5% from the start of this year. Nancy Chen reports.
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Florida Gov. Ron DeSantis on Friday signed a bill to dissolve Walt Disney World’s private government, after the entertainment giant opposed a new state law critics have dubbed “Don’t Say Gay.” The law would eliminate the Reedy Creek Improvement District, as the 55-year-old Disney government is known, as well as a handful of other similar…
Check out what’s clicking on FoxBusiness.com. Bitcoin, Ethereum and Dogecoin were all higher early Friday morning as cryptocurrencies were following the U.S. stock market lead. Bitcoin was trading at $37,915, up 4.29% Friday, while Ethereum was at almost $2,835 (+9.31%) and Dogecoin was above 14 cents per coin, up 3.55% in overnight trading, Coindesk reported….
Nearly 4 million bottles of Airborne Gummies sold nationwide are being recalled because the cap may fly off and injure people when opened for the first time. The recall involves about 3.7 million units of the fruit-flavored supplements sold in bottles, according to a notice from the manufacturer, Reckitt, posted on Wednesday by the Consumer Product Safety…
FOX Business host provides insight on the stock market on ‘Making Money.’ U.S. labor productivity plunged 7.5% during the first quarter of 2022, according to new data released Thursday by the U.S. Bureau of Labor Statistics. The figure marks the largest quarterly decline since 1947, when labor productivity fell 11.7%, and a 0.6% decline compared…
Folks looking for roadkill to put some extra protein on their table are getting some technological help in Wyoming in the form of a recently released app that makes it easier to claim roadside carcasses. The state’s newly enacted system replaces one that had required a game warden to provide a tag before a resident…
The Bear Traps Report founder and editor Larry McDonald argues U.S. in a period where ‘hard assets are going to really dramatically outperform.’ U.S. stocks rose in morning trading despite an unexpected rise in weekly jobless claims. The Nasdaq Composite rose over 1% after hitting correction territory on Wednesday, while the S&P 500 rose 0.5%….
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