Business

A top official at the Treasury Department told FOX Business she believes the "Iranians know that the U.S. is winning" as the Operation Economic Outcast sanctions campaign is ramping up pressure against Tehran. Under Secretary for International Affairs Erin Browne made the remark this week as Iran's official currency plunged to record lows with an exchange rate of over 2.5 million rials to the American dollar. "I think the Iranians know that the U.S. […]

Kodiak's unsupervised driverless long-haul delivery trucks will soon hit Texas roads as its partnership with Swedish furniture giant IKEA enters a new phase.Kodiak founder and CEO Don Burnette joined "Varney & Co." Tuesday to shed light on the rollout and the technology behind the autonomous trucks."We're starting with one. We're gonna get that first one out by the end of the year, and then we're gonna start to scale throughout […]

The yield on the 10-year Treasury hit the highest level since 2002 during Thursday's trading session, as higher borrowing costs impact the economy at large and impact households.Yields on longer-dated Treasurys have risen this year amid the geopolitical uncertainty caused by the Iran war, as well as growing federal budget deficits, tighter monetary policy and more competition in the bond market from mounting levels of corporate debt issuance due to […]

President Donald Trump announced Friday that his administration would begin sending checks of nearly $100 to more than 20 million seniors to help offset the cost of Medicare Part B premiums.Trump said in a Truth Social post that the funds — which, based on the figures he provided, would total roughly $2 billion — would come from the Medicare Improvement Fund."I am pleased to announce that my Administration will, immediately, […]

As President Donald Trump pushes U.S. multinationals to expand investment at home, Irish Prime Minister Micheál Martin is pitching Ireland as a leading European hub for American investment while already eyeing another iconic Irish export after Trump's commitment to lift tariffs on Irish whiskey.Martin, who has met Trump several times this year, described the president as a "tough" negotiator, recalling Trump had "some choice language" for the Irish leader during […]

G7 countries have agreed to coordinate the release of 100 million barrels of crude oil and refined fuel products from emergency reserves over four months, including a front-loaded substantial diesel release within the first 20 days, in an effort to ease fuel prices following pressure from the Trump administration.White House National Economic Council Director Kevin Hassett said earlier Friday that the administration had been urging U.S. allies to put more […]

When Ken Griffin's representatives first approached real estate titan, visionary and billionaire Moishe Mana about purchasing the very land he spent decades developing and crafting, Mana was not fully convinced."To be honest, they came and knocked on my door, I didn't solicit it. It was not for sale," Mana, the founder and chairman of Mana Common, told Fox News Digital. "I had the vision. I completed it… And then these […]

Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as sales in Europe recovered from last year's slump and made up for weaker demand in the electric-vehicle maker's two biggest markets, the U.S. and China.Shares of the Austin, Texas-based company rose nearly 2% in premarket trading. Through last close, the stock had fallen more than 21% so far this year.The rebound in Europe partially offset the hit to demand […]

The U.S. economy added jobs at a slower pace than expected in September amid economic uncertainty.The Bureau of Labor Statistics on Friday reported that employers added 29,000 jobs in September. That figure was below the 90,000 estimate of economists polled by LSEG. The unemployment rate ticked higher to 4.2%, which was above economists' expectations of 4.1%, according to the LSEG poll.Revisions were made to the payroll numbers for the prior two months, with […]