Business

Check out what's clicking on FoxBusiness.com. New Yorkers relying on the convenience of grocery delivery were blindsided this week when Instacart suddenly slapped a new fee on orders, a move the company tied to a sweeping city law that went into effect Monday. Customers will now pay an additional $5.99 fee at checkout labeled a "Regulatory Response Fee."According to the city’s website, app-based couriers delivering groceries through third-party platforms, such as Instacart, are now entitled to earn at least $21.44 per hour, the same rate that has applied to restaurant delivery workers, including Uber Eats and DoorDash, since April 2025.  The worker protection measure will further raise the minimum rate to $22.13 per hour by April due to inflation. Previously, there was no legal min...

Martin Lewis said hitting the 'sweet spot' can save you a lot of money (Image: Getty)Martin Lewis reveals motorists could slash hundreds from their bills by adhering to his 26-day principle. The financial expert discussed motor insurance during his latest Martin Lewis Money Show Live broadcast on ITV.When addressing optimal timing for car and home insurance renewals, Mr Lewis emphasised that scheduling proves crucial. Numerous individuals assume it makes little difference when they request renewal quotations.Most insurers send out renewal estimates approximately one month prior to policy expiration. However, Mr Lewis identified a particular 'sweet spot' for securing renewal quotes that should statistically deliver the most competitive rates.He declared: "This is one of the most importan...

Constellation Research founder R 'Ray' Wang joins 'Varney & Co.' to discuss the new U.S.-controlled TikTok entity and why he believes Elon Musk's humanoid robots and robo-taxis will fuel Tesla growth. Elon Musk confirmed Wednesday that Tesla will stop producing its Model S and Model X premium sedans and SUVs, marking the end of an era for its longest-running models, according to reports. The move came as the company pivots toward autonomous technology and robotics and its earnings report showed revenue last quarter fell 3% to $24.9 billion.Speaking on Tesla’s fourth-quarter 2025 earnings call Wednesday, Musk said production of the Model S and Model X will wind down next quarter. Manufacturing is expected to stop in 2026 while factory space at Tesla’s Fremont, California, factor...

A millionaire has shared a secret three-step exercise that could help us achieve financial success (Image: Mark Tilbury/YouTube)A self-made millionaire has revealed a secret three-step exercise that could help us achieve financial success in 2026. Despite departing school at 16 without any qualifications, Mark Tilbury now operates a multi-million-pound enterprise, has "grossed over 50 million," and runs a thriving YouTube channel with more than seven million subscribers.Concentrating on business and wealth creation, Mark's videos provide guidance on achieving financial independence, including one clip that showcases a "simple" method he claims the "rich keep secret." In the brief video, entitled "If I Wanted to Become a Millionaire in 2026, I'd Do This," Mark encourages aspiring million...

FOX Business White House correspondent Edward Lawrence reports on 'Making Money' as the Federal Reserve announces its decision to leave rates unchanged. Federal Reserve Chair Jerome Powell was asked about his future at the central bank beyond the end of his term in May and also offered some advice to his successor. Powell spoke at a news conference Wednesday after the central bank left interest rates unchanged at its January meeting after it cut the benchmark federal funds rate by 25 basis points at each of its final three meetings last year.His term as chairman of the Federal Reserve expires in May, though he could remain at the Fed as a member of the central bank's board of governors until January 2028 if he chooses to do so.  "Honestly, I'd say a couple of things. One is stay ou...

Martin Lewis has spoken about a bank account that comes with some key perks (Image: ITV)Martin Lewis has highlighted a bank account that may be a good choice for couples. In a wide-ranging recent episode of his BBC podcast, the savings expert shared many tips for your household finances.Listeners were also invited to send in their own words of wisdom to be featured on the show. One piece of advice was sent in encouraging people who are coupled up to have their own individual bank account, rather than just having a joint account together.Mr Lewis said there has been a change in attitude here in recent decades. He explained that joint accounts were previously "much more common", particularly back in the days when men were the primary breadwinners for families. He said: "These days we tend...

IRS CEO Frank Bisignano told Fox News' Aishah Hasnie that another possible government shutdown would not impact refund checks. Americans will be getting their refund checks no matter what, according to IRS CEO and Social Security Commissioner Frank Bisignano, who said a potential government shutdown would not impact refunds. When asked whether a possible shutdown would impact Americans' tax refund checks, Bisignano told Fox News' Aishah Hasnie there was "no way.""We will be in. We were in the last shutdown, 43 days," Bisignano said. "Our people will be in. These are unbelievable career employees that serve the American public. And that was true at Social Security. Every one of our offices was open, and we did everything we could for our people who had hardship because it was a Demo...

Chancellor Rachel Reeves is being pressured over tax thresholds for pensioners (Image: Bloomberg, Bloomberg via Getty Images)A campaign pushing for crucial reforms to tax personal thresholds affecting pensioners has reached a significant milestone, potentially increasing pressure on Chancellor Rachel Reeves. A petition demanding that pensioners receive a distinct tax code to prevent them from breaching the basic income tax threshold has surged past 50,000 signatures, reaching halfway towards triggering a parliamentary debate.The Treasury has issued a statement in response to the campaign, and should it achieve 100,000 signatures, it will force a parliamentary confrontation where treasury officials would be required to outline their proposals and justify the current policy.The petition w...

Treasury Secretary Scott Bessent spoke with Fox News' Aishah Hasnie ahead of the summit to discuss the investment accounts and what's to come under the Trump administration. Treasury Secretary Scott Bessent said "big announcements" are coming ahead of Wednesday’s White House summit on the "Trump Accounts." The program would provide $1,000 in federally funded investment accounts to every U.S. citizen born between 2025 and 2028, with the potential for the accounts to grow significantly over time. Bessent said additional states and philanthropists will be announced at the event."We’re [going to] have some big announcements today on some very important states from some great philanthropists who have adopted their states," Bessent said on "Fox & Friends" Wednesday. BESSENT SAYS TRUM...

Jonathan Russell, chief executive of the Valuation Office Agency, speaking to MPs (Image: Parliament TV)HMRC senior officials have spoken about a major change to council tax. The amount of tax you are charged varies widely depending on where you live and the type of property you have.Labour announced in the Autumn Budget 2025 that it would bring in a High Value Council Tax Surcharge, also called the 'mansion tax'. Coming in from April 2028, owners of properties valued at over £2million will be liable for a recurring annual charge on top of their council tax bill.The extra charge will range from £2,500 up to £7,500, with the highest charge applying to properties worth £5million or more. Jonathan Russell, chief executive of the Valuation Office Agency (VOA), recently spoke to MPs about ho...