Business

Treasury Secretary Scott Bessent announced a new set of enforcement measures Friday aimed at identifying and investigating fraud as the Minnesota scandal, which involved multiple government benefit scams, continues to rock the nation.Bessent, who is on the ground in Minnesota, said the Trump administration will leave "no stone unturned" in recovering taxpayer dollars, pointing to expanded IRS enforcement, audits of financial institutions and new investigations into nonprofit and pandemic-era tax […]

Meme stock GameStop, once a dominant brick-and-mortar video game retailer, is continuing to close more stores in 2026. The retailer, whose business model was threatened by digital adoption in the gaming industry, closed 590 stores nationwide in fiscal 2024 and said that it plans to close a "significant number of additional stores" in its 2025 fiscal year, which ends in January 2026. The company didn't disclose the number of stores that it […]

President Donald Trump is hosting a group of top oil executives at the White House to discuss investment in Venezuela following the military's successful capture of the nation's dictatorial president, Nicolás Maduro, and his wife over the weekend. "Following the announcement of President Trump’s historic energy deal with Venezuela, American oil companies will come to the White House to discuss investment opportunities that will restore Venezuelan oil infrastructure," White House spokeswoman […]

A strong credit score can be the key to major financial purchases and affordable loans, but some states saw notable declines that created a "perfect storm" for Americans’ wallets, according to a credit repair expert.On Thursday, WalletHub released its list of the states with the largest credit score decreases, and Micah Abigail LLC founder and social media influencer Micah Smith broke down what it means for those residents in the […]

The U.S. economy saw modest job growth in December as employers hired at a steady pace amid economic uncertainty.The Labor Department on Friday reported that employers added 50,000 jobs in December. That figure was cooler than the expectations of economists polled by LSEG, who projected 60,000 jobs would be added for the month.The unemployment rate declined slightly to 4.4% in December. That reading was lower than economists' expectations of a 4.5% rate. […]

More than 13,000 wireless chargers sold in the U.S. at T.J. Maxx and Marshalls have been recalled over fears that they could "explode while in use," according to the U.S. Consumer Product Safety Commission.The Isla Rae-branded magnetic wireless chargers were recalled on Thursday."The chargers can explode while in use, posing a fire and burn hazard," the commission said.They were sold at T.J. Maxx and Marshalls stores across the country for […]

Construction equipment giant Caterpillar has unveiled a new artificial intelligence (AI) tool designed to improve job site safety and boost efficiency as the industry grapples with labor shortages.Speaking Wednesday on FOX Business’ "The Claman Countdown" from the Consumer Electronics Show (CES) 2026 in Las Vegas, Caterpillar CEO Joseph Creed highlighted the company's new Cat AI Assistant, which he said helps shorten training time for new operators while improving productivity and […]

What’s wrong with 5% growth? Or more?Just to reprise my New Year’s message that a Trump economic boom could deliver 5%, 6%, or even 7% growth, there are numbers out today that are uniformly stronger than even I thought. Economists take note: Mr. Trump knows the economy better than you do. And what’s wrong with 5%, or better, growth?The Atlanta Fed GDPNow for Q4, which you recall was the shutdown […]

President Donald Trump said he is directing representatives to buy $200 billion in mortgage bonds to drive down rates, blaming former President Joe Biden for what he called a broken economy marked by inflation, crime and an "American Dream" he says his administration is restoring.The comments came in a social media post Thursday in which Trump leveled a broader critique of the Biden-era economy while highlighting past decisions he said […]