Business

Americans who live alone are paying a five-figure "singles tax" amid rising rents around the nation, a new analysis finds.Data from Zillow shows that the typical apartment rent is currently $1,745 and has risen 30% over the last five years, which represents a significant burden for renters who live alone and don't have one or more roommates to split the bill with.The premium paid by solo renters was dubbed the "singles tax" […]

An ongoing dispute between Elon Musk and LinkedIn co-founder Reid Hoffman has erupted on social media, renewing scrutiny of the tech titans’ past associations with the late financier and convicted sex offender Jeffrey Epstein.The public spat intensified following renewed attention to Epstein’s network and the latest release of Justice Department documents related to the case.Both billionaires shared screenshots of emails drawn from the roughly 3 million pages of records as […]

As Kevin Warsh prepares to take the reins at the Federal Reserve, a newly elevated Trump ally at the central bank is signaling how he believes the job should be done — and how the next chair should navigate a pivotal moment for monetary policy.Speaking at the Dallas Federal Reserve, Governor Stephen Miran offered simple advice for Kevin Warsh, Trump’s nominee to replace Federal Reserve Chair Jerome Powell."Be forward-looking, not […]

American Girl is marking its 40th anniversary with a bold redesign of its beloved historical dolls, prompting swift backlash on social media.The Mattel-owned brand announced Wednesday the launch of its new "Modern Era Collection," reimagining six of its most iconic characters with contemporary outfits and a smaller 14.5-inch frame, down from the brand’s traditional 18-inch dolls, according to a news release from Mattel."Discover the Modern Era Collection of 14.5-inch dolls […]

Plenty of good economic news this week, with an outsize gain in jobs, especially private sector jobs. And a much lower-than-expected report on consumer prices.All this with a stock market hovering near 50,000 amidst booming productivity, low energy prices, and a more than trillion dollar deregulation at EPA. And even a Gallup poll showing a 49-36% rebound in economic confidence.So you sort of have to wonder why the Wall Street […]

Texas Gov. Greg Abbott released a five-point plan to reform the Lone Star State's property tax system to provide more relief to homeowners.The Republican governor is making the property tax overhaul a key plank in the platform for his re-election campaign as he seeks a fourth term in office.Abbott announced the plan Wednesday during a Taxpayer Empowerment event in Houston and said the five-point plan would impose tougher limits on local government […]

Thousands of smoke detector fire alarms sold exclusively on Amazon are being recalled over a sound issue that could pose a fire hazard.The Consumer Product Safety Commission (CPSC) said in a notice that 11,000 LShome Photoelectric 3-Pack Smoke Detector Fire Alarms may fail to activate promptly if the sensing threshold of security warnings is set too high.The alarms are white and circular, and have a light sound warning and test […]

Americans are getting some relief from lower gasoline prices, which the latest inflation data from the Labor Department shows have declined substantially over the last year.The Bureau of Labor Statistics on Friday released the consumer price index (CPI) for January, which showed headline inflation was up 2.4% from a year ago, while core CPI, which excludes volatile measurements of food and energy, was up 2.5% in that period.Energy prices fell 1.5% in […]

A better-than-expected January inflation report sparked a market rebound Friday, reinforcing optimism that easing price pressures could give the Federal Reserve more flexibility on interest rates in the months ahead.The Consumer Price Index rose 0.2% month over month in January, below expectations for a 0.3% increase. On an annual basis, headline inflation came in at 2.4%, also under forecasts. The data immediately lifted equity markets as investors re-calibrated expectations for […]