Business

Don’t martyr Jay Powell. He was a terrible Fed chairman, but he’s not a criminal. Over his tenure, he consistently missed the Fed’s inflation targets with the worst price hikes in 40 years. He was the most political Fed chairman in memory. Raising rates to stop President Trump’s tax cut boom back in the first term, lowering rates to reelect Vice President Harris and the Democrats in the last election — […]

A simmering feud between the Trump administration and the Federal Reserve reached a boiling point this weekend as the administration opened a criminal investigation into Chair Jerome Powell.What began as a disagreement over interest rate policy has evolved into an unprecedented confrontation, posing the greatest challenge of Powell’s eight-year leadership of the Federal Reserve.The dispute has now reached Capitol Hill, where congressional Republicans — including some close allies of the […]

Budget-friendly grocery chain Aldi is expanding its footprint in the U.S.The company announced on Monday that it plans to open more than 180 stores by the end of 2026, pushing its total footprint to nearly 2,800 this year. Its goal is to operate about 3,200 stores by the end of 2028.As part of the company's growth plans over the next five years, it will enter the Colorado market for the […]

What was once an American-led innovation race has become a high-stakes competition over economic power, national security and technological leadership.FOX Business’ Madison Alworth joined Maria Bartiromo on "Mornings with Maria" to report on how America’s lead in artificial intelligence (AI) is being tested as China accelerates its effort to become a global tech powerhouse.Artificial intelligence is no longer just powering search engines and chat tools like ChatGPT. It is reshaping […]

A group of former Federal Reserve chairs and Treasury secretaries released a joint statement defending Fed Chair Jerome Powell after he revealed the Trump administration's Justice Department is threatening to criminally indict him over his testimony about the Fed's renovations.The group includes former Fed Chairs Ben Bernanke, Allen Greenspan and Janet Yellen, as well as former Treasury Secretaries Timothy Geithner and Henry Paulson, plus several former chairs of the Council of […]

A leading House Republican is introducing a new bill that seeks to ban stock trading by members of Congress as well as their spouses and dependent children in the latest effort to address ethics concerns with lawmakers' investment portfolios.FOX Business reviewed a draft copy of the legislation that would restrict lawmakers, their spouses and dependents from buying stocks or comparable securities during their service in Congress.The bill would also create a requirement […]

Former New York City Mayor Eric Adams warned Monday about a rise in antisemitism and "anti-Americanism" nationwide, saying a newly launched New York City digital coin could help fund education and awareness programs while also promoting the city as a cryptocurrency center."There's a wave of anti-Americanism that's sweeping not only our Ivy League college campuses, but in our inner cities," Adams said while discussing the initiative on "Mornings with Maria."Adams […]

The Food and Drug Administration announced that a recall of cheese products has been upgraded to the most serious risk category after testing positive for a potentially deadly bacteria, Listeria monocytogenes.The Ambriola Company first issued a voluntary recall in November for certain cheese products produced at the company's facility in West Caldwell, New Jersey, after routine testing confirmed the presence of Listeria monocytogenes, bacteria that can cause severe illness and […]

The U.S. attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, focusing on the renovation of the central bank’s Washington headquarters and whether he was truthful in his congressional testimony about the project.Officials told The New York Times, which was first to report the probe, that it centers on whether Powell accurately characterized the scope and cost of the renovation during […]