Business

A $400,000 shipment of lobsters headed for Costco locations in Illinois and Minnesota was hijacked before arriving at its delivery points.Dylan Rexing, CEO of Indiana-based logistics business Rexing Companies, said the shipment was picked up in Taunton, Mass., but never reached its destination, WFLD reported. Rexing told the outlet that the heist appeared to be part of an organized ring of cargo thieves targeting high-value products."This is a huge issue […]

A ticket in Arkansas matched the winning numbers drawn on Christmas Eve for Powerball's $1.817 billion jackpot.The grand prize has an estimated cash value of $834.9 million, the second-largest U.S. lottery jackpot ever won, according to the lottery.The largest lottery jackpot in U.S. history was won on Nov. 7, 2022, when a California ticket claimed a $2.04 billion prize.The white balls drawn Wednesday were 4, 25, 31, 52 and 59. […]

Jack in the Box plans to close dozens of restaurants by the end of the year in an effort to cut costs and boost revenue.The franchise said earlier this year it would shutter between 150–200 underperforming stores by 2026, including 80–120 by the end of this year, under a block closure program.In May, Jack In The Box said it had closed 12 locations, which was followed by another 13 closures […]

A recall of 5-ounce holiday bark products sold at Aldi stores across the country has been expanded amid concerns the treats may contain undeclared allergens, including pecans and wheat, according to the Food and Drug Administration.Silvestri Sweets issued a voluntary recall of its Choceur-branded Cookie Butter Holiday Bark over potential undeclared pecans and its Choceur-branded Pecan, Cranberry & Cinnamon Holiday Bark because it may contain undeclared wheat.The FDA said people […]

Cardinal Timothy Dolan will say his final midnight Christmas Mass at St. Patrick's Cathedral on Dec. 24 as he moves into retirement, but he has a plan to keep busy, a business plan. Dolan said he has already received offers to write a book and participate in a documentary as he steps down from his role as archbishop of New York, a position he has held for roughly 16 years.In a […]

Mortgage rates fell again this week, mortgage buyer Freddie Mac said Wednesday.Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.18% from last week's reading of 6.21%. The average rate on a 30-year loan was 6.85% a year ago.THESE 10 MARKETS MAY SEE THE BIGGEST HOMEBUYING SURGE AS MORTGAGE RATES FALL"The modest decline reflects a bond market that moved […]

It's going to be a while before consumers see any relief when it comes to beef prices.Prices have hit their peak and are expected to soften, but there isn’t much pressure pushing them down right now, Wells Fargo Agri-Food Institute chief agricultural economist Michael Swanson told FOX Business.The U.S. should have a little more cattle available in 2026, but buyers are still turning to international suppliers to meet their needs, […]

FIRST ON FOX: An analysis from the White House Council of Economic Advisers finds inflation has been lower in conservative-led states than in liberal-led states over the past year, with the largest gaps in energy and transportation costs.Reviewed by FOX Business, the analysis draws on year-over-year consumer price index data from the Bureau of Labor Statistics through November 2025 and finds inflation averaging 2.5% in conservative-led states versus 3% in […]

Following CBS News’ delaying of a "60 Minutes" segment examining the Trump administration’s deportation of Venezuelan migrants to El Salvador’s CECOT prison, some media outlets have raised questions about whether the move was meant to curry favor with the administration amid an escalating battle for Warner Bros. Discovery.Paramount and its majority shareholders, the billionaire Ellison family, recently sweetened a bid for Warner Bros. Discovery to the tune of $108 billion. […]