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FICO said on Monday that it is going to incorporate buy now, pay later (BNPL) data into credit scores as the payment method surges in popularity.The FICO Score 10 BNPL and FICO Score 10 T BNPL will be the first credit scores from a leading credit scoring provider to incorporate this data. FICO said the scores represent a "significant advancement in credit scoring, accounting for the growing importance" of such loans in the U.S. credit ecosystem."Buy Now, Pay Later loans are playing an increasingly important role in consumers financial lives," Julie May, vice president of B2B Scores at FICO, said. By expanding its FICO Score 10 Suite with these new models, May said the company is "enabling lenders to more accurately evaluate credit readiness, especially for consumers whose first credit experience is through BNPL products."HERE'S WHY THE AVERAGE US CREDIT SCORE IS FALLINGFICO said it utilized input from the largest lenders in the U.S. and that there was a broad consensus that integrating BNPL data into credit scoring "is a critical advancement that allows lenders to make more informed, accurate decisions while responsibly expanding credit access."FICO said these scores will provide lenders with greater visibility into consumers repayment behaviors and will enable a more comprehensive view of their credit readiness.Lending services such as Afterpay, Klarna, Affirm and PayPal have risen to prominence as cash-strapped consumers looked to stretch their wallets as they contend with persisting inflation, high interest rates and student loan payments, which resumed in October 2023 after a pause due to the COVID-19 pandemic. The services allow consumers to make purchases and pay for them in installments, often with no interest or fees. However, interest is tacked on to certain plans, and consumers can get hit with a late fee if they don't have adequate funds in their account to cover the payments.RISKS OF BUY NOW, PAY LATER: 'TICKET TO OVERSPENDING,' EXPERT SAYSTraditionally, they have been utilized for big-ticket items. However, these buy now, pay later financing options have become so popular in the current economic environment, that a growing number of consumers are even leveraging them to pay for necessities like food.GET FOX BUSINESS ON THE GO BY CLICKING HEREData from an April LendingTree report shows that 25% of such users have used the service to buy groceries, up from 14% a year ago.

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A recall is underway for some Face Rock Creamery Vampire Slayer Cheese Curds sold at Trader Joes grocery stores in two states.Trader Joes said Friday that a "single lot code" of the cheese curds have been recalled in response to the potential risk of Listeria monocytogenes contamination.The recalled product was offered at some Trader Joes locations in Northern California as well as stores in the Nevada cities of Carson City, Reno and Sparks, according to a notice posted on the popular grocery store chains website.The stores in Northern California included those in Monterey, Fresno and "all locations North," Trader Joes said.COCA-COLA RECALLS TOPO CHICO MINERAL WATER OVER BACTERIA CONCERNSThe recalled cheese curds have a use-by date of "082925" on their container.Face Rock Creamery said in a recall announcement published on the Food and Drug Administrations (FDA) website it recalled the affected product after "a routine sampling program by the company" found it "contained the bacteria."Healthy people that develop an infection after consuming food contaminated with listeria can experience fever, headaches, stiffness, nausea, abdominal pain and diarrhea. Such symptoms typically last one to three days.However, in young children, elderly and those with compromised immune systems, it can bring on "serious and sometimes fatal infections," per the FDA.Nobody had fallen ill due to the recalled cheese curds as of Friday, according to the FDA recall notice.DEATHS, PREGNANCY LOSS LINKED TO RECALLED PASTA SOLD AT WALMART AND KROGER"Face Rock Creamery is committed to ensuring the safety and quality of our products and is working closely with our distribution partners and regulatory agencies to resolve this matter swiftly and thoroughly," the creamery said in the FDA recall announcement. "We apologize for the inconvenience and appreciate the trust our customers place in us."Trader Joes told customers in Northern California and Northern Nevada to either throw the recalled cheese curds in the trash or bring them back to their local store. If they return the product, they will get their money refunded.Trader Joes told FOX Business that "nothing is more important than the health and safety of our customers and Crew Members."BUYER BEWARE: POPULAR DRIED FRUIT PULLED FROM SHELVES IN 19 STATESThe grocery store chain "doesnt take any chances when it comes to product safety and quality" and will "voluntarily take action quickly, aggressively investigating potential problems and removing the product from sale if there is any doubt about its safety or quality."The grocery store chain also said that it communicates about recalls via in-store signs, on its website and through emailed alerts.

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TheU.S. dollar experienced a volatile trading day on Monday in the wake of the U.S. joining Israel in attacking Iran's nuclear facilities.The dollar strengthened during the Monday morning trading session, rising as much as 0.71% as investors flocked to the greenback, reaching its highest level since May, according to the WSJ Dollar Index, which measures the dollar against a basket of currencies.As afternoon approached, the dollar gave up those gains and was down over 0.3% during mid-afternoon trading.The dollar's slide occurred after dovish comments fromFederal Reserve Governor Michelle Bowman suggesting that the central bank could cut interest rates as soon as its meeting next month.FEDERAL RESERVE LEAVES KEY INTEREST RATE UNCHANGED FOR FOURTH STRAIGHT MEETINGThe Federal Reserve last week held its benchmark federal funds rate target unchanged at a range of 4.25% to 4.5%, citing economic uncertainty amid looming tariffs that could hit consumer prices more broadly.Fed ChairJerome Powell noted that the labor market is roughly at or near maximum employment and that inflation is somewhat above the Fed's 2% longer-run goal, leaving the central bank in position to act if economic conditions deteriorate.Bowman spoke at a research conference in Prague, Czech Republic, and said that the central bank will have opportunities to review more inflation and labor market data ahead of their next meeting, which could open the door for the first rate cut in 2025.FRUSTRATED TRUMP SUGGESTS 'MAYBE' HE WILL NEED TO CHANGE HIS 'MIND ABOUT FIRING' FED CHAIR JEROME POWELL"If upcoming data show inflation continuing to evolve favorably, with upward pressures remaining limited to goods prices, or if we see signs that softer spending is spilling over into weaker labor market conditions should be addressed in our policy discussions and reflected inour deliberations," Bowman said."Shouldinflation pressures remain contained, I would support lowering the policy rate as soon as our next meeting in order to bring it closer to its neutral setting and to sustain a healthy labor market," Bowman said.Her comments come after another Fed governor, Christopher Waller, said last week that the Fed could cut rates starting in July.FED GOVERNOR BREAKS RANKS WITH POWELL, SIGNALS RATE CUTS COULD BEGIN NEXT MONTHThe Fed lowered interest rates by 100 basis points last year, including a 50-basis-point cut in September followed by a pair of 25-basis-point cuts in November and December.PresidentDonald Trump has repeatedly criticized the central bank and Powell for declining to cut interest rates, calling him "Mr. Too Late," among other insults.GET FOX BUSINESS ON THE GO BY CLICKING HERETrump has at times suggested that he may attempt to remove Powell from his role, though federal law could preclude such a move.

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Volatility might be plaguing oil and energy markets in the aftermath of U.S. strikes on Iran, but one expert is signaling that America remains protected from any retaliatory action which could instead backfire on one of its greatest adversaries."Iran is overplaying their hand here," Independent Womens Forum Center for Energy and Conservation Director Gabriella Hoffman told Fox News Digital on Monday."People will see that it's them playing politics with energy markets and the transport of fuel through those regions," she added. "And it's going to open the door to more countries wanting to create energy deals with us so they're not reliant on Iran, China and other bad actors."Late Saturday, President Donald Trump launched a surprise attack on three of Irans most prominent nuclear sites. He addressed the country publicly, confirming that Iranian nuclear enrichment facilities were "totally obliterated."WALL STREET JOURNAL: TRUMP MEETS THE MOMENT ON IRANIranian state television reports that parliament approved a measure to close the Strait of Hormuz. If also passed by Irans national security council, it could have a sizable impact on 20% of global petroleum liquids or about 20 million barrels per day."You have to be heightened to the activities over there. You're looking at the Strait of Hormuz, how much U.S. oil and gas is transported, [its] not a big amount. It's more concerning for those in the Asian markets," Hoffman reacted."We're starting to ramp up domestic production here, the Strategic Petroleum Reserve has been replenished. In the event of some sort of unforeseen event or effects from these strikes, we will see a little bit of buffer and protection here in the United States," the expert continued. "Theyre playing with fire There is cause for concern, but I think we are much better insulated against any retaliation."Secretary of State Marco Rubio said on Fox News "Sunday Morning Futures" that blocking the waterway would be a "terrible mistake" and "economic suicide," and urged Beijing to "call [Iran] about that, because they heavily depend on the Straits of Hormuz for their oil.""China's not gonna be happy," Hoffman said. "They'll blame the U.S., of course, but I think it's going to be the countries we've been trying to build relationships with in the Middle East UAE, Qatar, Saudi Arabia and they're gonna get angry and realize it's not the U.S. that's doing this and creating more pressure than needed. It's Iran."In reaction to the attacks, crude oil prices fell after Iran fired missiles at a U.S. base in Qatar on Monday in retaliation for U.S. strikes on key Iranian nuclear sites over the weekend.West Texas Intermediate crude futures fell more than 4% to about $70 per barrel on Monday afternoon. Brent crude, the international benchmark, fell to $73 a barrel.GET FOX BUSINESS ON THE GO BY CLICKING HERE"In the short term, we will probably see a spike in gas prices, but they were already starting to go up because of the summer fuel blend," Hoffman said. "I think it's going to level out as tensions hopefully de-escalate.""But I think we have a lot of assurances. We have more supply here. We have our national security interests, the Department of Defense, they're going to be making sure that there's no threat to our supply. So they're on heightened alert as well. And we suspect that President Trump wants to make sure that the prices don't go up," she expanded.The U.S. Department of Energy did not immediately respond to Fox News Digital's request for comment.READ MORE FROM FOX BUSINESSThe FOX Business team contributed to this report.

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Iran has warned that it may attempt to close theStrait of Hormuz to shipping traffic in retaliation for the U.S. joining Israel's strikes on Iranian nuclear facilities.TheIranian government is mulling retaliatory actions, including the potential closure of the Strait of Hormuz, a vital shipping lane for global energy supplies. The regime in Iran could pursue that goal through the use of mines, anti-ship missiles or other means to obstruct or destroy shipping.Iranian state media recently reported on such a plan being approved by the country's parliament, though it emphasized that it would require clearance from the nation's Supreme National Security Council.Roughly 20% of global demand for petroleum products transits through the Strait of Hormuz which connects the Persian Gulf with the Gulf of Oman and the Arabian Sea and is bordered by Iran on one side. The strait is less than 30 miles across at its narrowest point, which would make it more challenging for vessels to transit the passage if Iran attempts to close it.EXPERT WARNS OF 'WAR OF CODES' AFTER IRANIAN CRYPTO EXCHANGE GETS HACKEDThe Energy Information Administration (EIA) within the U.S. Department of Energy noted that in 2024,oil flows through the strait averaged about 20 million barrels per day, with similar levels being reported in the first quarter of 2025."Flows through the Strait of Hormuz in 2024 and the first quarter of 2025 made up more than one-quarter of total global seaborne oil trade and about one-fifth of globaloil and petroleum product consumption," EIA wrote."In addition, around one-fifth of global liquefied natural gas trade also transited the Strait of Hormuz in 2024, primarily from Qatar."MAJOR OIL PRICE SHOCK LOOMING AS ISRAEL-IRAN CONFLICT THREATENS CRITICAL GLOBAL SHIPPING PASSAGEThe EIA estimated that 84% of the crude oil and condensate and 83% of the liquefied natural gas that moved through the Strait of Hormuz went to Asian markets in 2024."China, India, Japan and South Korea were the top destinations for crude oil moving through the Strait for Hormuz to Asia, accounting for a combined 69% of all Hormuz crude oil and condensate flows in 2024. These markets would likely be most affected by supply disruptions at Hormuz," the agency said.EIA noted that the U.S. imported about 0.5 million barrels per day of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, which accounted for about 7% of U.S. oil and condensate imports and 2% of U.S. petroleum liquids consumption.CHINA'S RESPONSE TO IRAN CONFLICT MORE CONCERNING IF WEST LOSES, VS RETRIBUTION FOR DEFEATING ITS TEHRAN ALLYThe largest exporters of crude and condensate that transit through the Strait of Hormuz are Saudi Arabia (5.3 million barrels per day), Iraq (3.2 million) and the United Arab Emirates (1.8 million). Iran ranked fourth at about 1.5 million barrels per day as of the first quarter of 2025.Secretary of State Marco Rubio appeared on Fox News' "Sunday Morning Futures" and told host Maria Bartiromo that China and other countries should discourage Iran from attempting to close the Strait of Hormuz.China is the main importer of crude oil shipped through the strait, bringing in 5.4 million barrels per day in the first quarter of 2025, according to EIA data."I encourage the Chinese government in Beijing to call them about that, because they heavily depend on the Strait of Hormuz for their oil," Rubio said. "If they do that, it'll be another terrible mistake. It's economic suicide for them if they do it. And we retain options to deal with that."OIL PRICES EXPECTED TO BE IMPACTED FOLLOWING US BOMBING OF IRAN NUCLEAR SITESRubio added that "other countries should be looking at that as well" and that it would "hurt other countries' economies a lot worse than ours. It would be, I think, a massive escalation that would merit a response, not just by us, but from others."He also said that Iran's government is "gonna say what they need to say. These are the things that need to happen for their own internal politics and so forth.""We had three objectives. We struck those three objectives with decisive force, and that was the point of this mission, and that's what we achieved," Rubio said of the U.S. strikes onFordow, Natanz and Isfahan.GET FOX BUSINESS ON THE GO BY CLICKING HERE"What happens next will depend on what they want to do. They want to negotiate, we're ready to negotiate. They want to get cute and do things that are dangerous, we have responses available that are devastating," Rubio said.

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U.S. grocer Kroger is planning to close dozens of stores by the end of next year.The massive Cincinnati-based grocery store chain made the announcement on Friday. It operates thousands of supermarkets and pharmacies across the nation and is planning to close 60 stores in the next 18 months, a first-quarter 2025 earnings report said.While the report said the company's profits "exceeded our expectations," Director Ron Sargent said in an earnings call that the company reviewed areas not meaningful to its future growth and determined that closing the stores "will make the company more efficient.""Unfortunately, today, not all of our stores are delivering the sustainable results we need," Sargent said on Friday. "To position our company for future success, this morning, we announce plans to close approximately 60 stores over the next 18 months."KROGER THROWS LATEST PUNCH IN LEGAL BATTLE WITH ALBERTSONSThe report said the closures cost Kroger a $100 million impairment charge.However, as a result of the shutdowns, the company "expects a modest financial benefit" and is planning to reinvest the savings back into the customer experience. The loss is not expected toimpact full-year guidance.VIRAL VIDEO FORCES KROGER TO PULL CONTROVERSIAL JUNETEENTH HOLIDAY CAKESKroger told Fox News Digital that the company will not be releasing a list of which locations will be impacted at this time.All employees from the closing stores will beoffered jobs at other locations, according to the report. Kroger currently employs nearly 410,000 associates across the country.GET FOX BUSINESS ON THE GO BY CLICKING HERETotal company sales were $45.1 billion in the first quarter compared to $45.3 billion for the same period last year.

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The B-2 Spirit stealth bombers, which cost billions of dollars to build, played a central role in Americas Operation Midnight Hammer strike on a trio of nuclear facilities in Iran over the weekend.Gen. Dan Caine, the chairman of the Joint Chiefs of Staff, described Operation Midnight Hammer, which targeted Irans Fordow, Natanz and Isfahan nuclear sites, as the "largest B-2 operational strike in U.S. history" and the "second longest B-2 mission ever flown," during a Sunday press conference.The B-2 bombers carry a $2.1 billion price tag per plane,according to The New York Times.The "flying-wing"-shaped bombers feature "low-observable technology and all-altitude capability to penetrate the most sophisticated air defenses in nuclear and conventional missions," maker Northrup Grumman explains on its website.USAF GENERAL TALKS REMARKABLE AIRCRAFT NEEDED FOR 30,000 LB BOMB DROPPED ON IRAN NUKE SITECharacteristics of the B-2 bombers include the materials they are made out of, the special coatings they have and their unique shape, as well as a "reduced infrared, acoustic, electromagnetic, visual and radar signatures" help make the planes stealthy, according to the U.S. Air Force.The aircraft has a wingspan of 172 feet and can carry payloads of over 40,000 pounds. Without refueling, their range is 6,000 nautical miles.During Operation Midnight Hammer, a "large B-2 strike package" of the bombers took off from the U.S., with some of them heading "west and into the Pacific as a decoy" and seven traveling 18 hours "into the target area" in the Middle East, according to Caine."Throughout the 18-hour flight into the target area, the aircraft completed multiple in-flight refuelings," he said. "Once over land, the B-2s linked up with escort and support aircraft in a complex, tightly timed maneuver requiring exact synchronization across multiple platforms in a narrow piece of airspace, all done with minimal communications."A FULL BREAKDOWN OF OPERATION MIDNIGHT HAMMER, THE LARGEST B-2 OPERATIONAL STRIKE IN US HISTORYThe bombers dropped bunker-busting GBU-57 Massive Ordinance Penetrator weapons on Fordow and Natanz, according to Caine. Estimates suggest those bombs cost upwards of $5 million each, The New York Times reported.Tomahawk missiles fired from an American submarine also hit Isfahan during the operation, hitting "key surface infrastructure targets" at that nuclear site, Caine said.He told the media that the Operation Midnight Hammer "strike package," including the B-2 Spirit bombers and other aircraft, departed Iranian airspace after the strikes without any known shots being fired at them while leaving.The cost of flying B-2 stealth bombers could be around $130,000 to $150,000 per hour, according to The New York Times.GET FOX BUSINESS ON THE GO BY CLICKING HERE"More than 125 U.S. aircraft participated in this mission, including B-2 stealth bombers, multiple flights of fourth and fifth generation fighters, dozens and dozens of air refueling tankers, a guided missile submarine, and a full array of intelligence, surveillance and reconnaissance aircraft, as well as hundreds of maintenance and operational professionals," Caine said.President Donald Trump, in a Sunday TruthSocial post, said the damage that the Iranian nuclear sites suffered was "said to be monumental" and praised the "great skill" demonstrated by the U.S. military.He also reported the "GREAT" B-2 pilots returned safely to Missouri, saying, "Thank you for a job well done!!!"

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