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FOXBusiness.com

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Business news, small business news, business financial news,personal finance, finance trends, finance news, stock market index, stock data, stock market news, stock investment, personal investment, investment news from FoxBusiness.com.

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http://www.foxbusiness.com

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Economy

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10,8 položek/den

Powell says he'll stay on Fed board after chairmanship ends but won't be a 'shadow Fed chair'

1:18
Fed Chair Jerome Powell says he won t retire after his term ends next month, pledging to be a constructive governor and not a shadow Fed chair.

Bessent says US seized nearly $500M in Iranian crypto as Operation Economic Fury sends regime into ‘crisis’

0:46
Treasury Secretary Scott Bessent says the U.S. maximum economic pressure campaign on Iran has sent the regime into "crisis," with nearly $500 million in crypto assets seized.

Costco changes beloved $1.50 hot dog deal for the first time in decades: reports

23:42
Costco s iconic $1.50 hot dog and drink combo reportedly now offers a Kirkland Signature bottled water swap option alongside the traditional soda.

United pilot reports midair drone scare near airport during landing approach

23:10
A United Airlines pilot reported a possible drone encounter at thousands of feet while approaching a major airport, raising concerns about unauthorized devices in restricted airspace.

Federal government made $186B in improper payments last fiscal year

23:10
Improper federal payments hit $186 billion in fiscal year 2025, with Medicare, Medicaid and tax credits accounting for the bulk, a new GAO report finds.

Federal Reserve leaves interest rates unchanged as Powell's chairmanship nears end

20:30
Federal Reserve policymakers left interest rates unchanged in April amid concerns about elevated inflation and as Fed Chair Jerome Powell s term as central bank chairman draws to a close.

Gas prices soar to highest point so far during unsettled conflict with Iran

19:26
The AAA national average price for regular gas has risen to a whopping $4.229, the highest point so far amid the still unresolved war between the U.S. and Iran.

Maine joins blue-state millionaire tax club as critics warn the new surcharge punishes local economy

19:26
Maine joins other high-tax blue states as Gov. Janet Mills signs a new millionaire tax surcharge, drawing warnings it will stifle investment and hurt businesses.

California high-speed rail project soars to $231B: 'Worst public infrastructure failure in US history'

18:54
California lawmakers demand the state s high-speed rail project be abandoned after projected costs surge by more than 700% past original estimates.

Kevin Warsh moves one step closer to becoming next Fed chair

16:47
Kevin Warsh moves closer to replacing Jerome Powell as Fed chair after the Senate Banking Committee voted to advance his nomination to the full Senate.

UFC, Bud Light team up to make already highly anticipated summer of fights that much better: 'A fan delight'

16:15
UFC unveiled its Bud Light Summer Series, beginning in Newark and expanding nationwide, setting the stage for one of the promotion’s biggest summers ever.

Work more, lose less? New bill aims to end Social Security penalty

16:15
A proposed bill from Sen. Rick Scott and Rep. Greg Murphy would let Social Security beneficiaries work without having their benefits reduced.

Purdue Pharma sentenced to $5.5B in opioid criminal case

15:11
Purdue Pharma, the OxyContin manufacturer, was sentenced in federal court and ordered to pay $5.5 billion for its role in fueling the opioid epidemic.

What a UAE exit from OPEC means and why it matters

15:11
The UAE announced it is quitting OPEC after 59 years, a move experts say could boost oil production and ultimately lower global energy prices.
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