Business

Sprinkles Cupcakes, the bakery chain best known for its cupcake ATMs, is permanently closing all of its stores.Candace Nelson, the company's founder and former owner, confirmed the shutdown in an Instagram video, saying Wednesday, Dec. 31, marked Sprinkles' "final day" of operations."A few days ago, I learned that Sprinkles Cupcakes, the company I started in 2005 and then sold to private equity in 2012, will be closing its bakery doors […]

Jeff Bezos and his wife Lauren Sánchez Bezos celebrated the holidays in high style, splitting time between Aspen and St. Barts.The Amazon founder, 61, and the media personality, 56, were photographed several times in the ski town of Aspen, Colorado, in the days leading up to Christmas before jetting off to the Caribbean to ring in the new year, according to Page Six. The newlyweds, who tied the knot in Venice […]

Palantir CEO Alex Karp bought Colorado's St. Benedict's Monastery, once home to Trappist monks, for a hefty $120 million. The Aspen-area ranch will become the latest in his growing list of real estate holdings. The property is located in Snowmass, Colorado, which is about 30 minutes from Aspen, and was originally asking $150 million when it went on the market last year, Ken Mirr of Mirr Ranch Group, one of the listing […]

A federal judge ruled Tuesday that the Trump administration is legally required to secure funding for the U.S. Consumer Financial Protection Bureau (CFPB), and that failing to do so would violate a prior court order barring the government from dismantling or shutting down the agency.In the 32-page ruling, U.S. District Judge Amy Berman Jackson rejected the administration's claim that it was legally barred from funding the agency, saying the administration’s […]

Nearly half of Americans say they feel they are falling behind financially as inflation continues to strain household budgets, according to a new Fox News poll.The poll found 44% of respondents believe their personal finances are slipping, a sentiment echoed by shoppers on Chicago’s Magnificent Mile, who told FOX Business they plan to rein in spending and save more in 2026.FOX NEWS POLL: AS PRICES PINCH, VOTERS SEE TRUMP FOCUSED […]

Homebuyers can usher in 2026 with a little relief as mortgage rates fell to the lowest level of 2025 in the final report of the year. Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.15% from last week's reading of 6.18%. The average rate on a 30-year loan started the year around 7%. "After starting the year close to 7%, […]

Ahead of the New Year's holiday, President Donald Trump said he will make a decision on who he wants to lead the Federal Reserve by January. Current Chair Jerome Powell's term expires in May 2026, and he has made it clear he will fulfill his obligation running the central bank. This week, Trump continued his verbal assault of Powell, who he again called "too late" for failing to cut interest rates at […]

Secretary of Transportation Sean Duffy said on Tuesday that the California Department of Motor Vehicles does not have an extension to the deadline for the cancellation of commercial driver's licenses issued to foreign nationals who do not have legal U.S. status, disputing the delay announced by the department.The California DMV said that the roughly 17,000 licenses that were set to be terminated on Jan. 5 will now last until March […]

Boeing was awarded a nearly $8.6 billion contract to build 25 new F-15A aircraft for the Israeli Air Force, according to the Pentagon.The contract was secured as part of the F-15 Israel program.Under the deal, Boeing will produce 25 new F-15IA aircraft for Israel, as well as an option for an additional 25 aircraft.SOUTHWEST OFFERING $67 FLIGHTS IN NOD TO VIRAL INTERNET MEME: 'TRENDY' SALE"This contract provides for the design, […]