Business

Parents in Western New York are raising alarms over cold rides and breakdowns after officials mandated that all school bus purchases must be electric by 2027.Local outlet WIVB reported that the law has drawn the ire of parents in the Lake Shore Central School District. The station received "several calls" over the electric buses, with parents claiming that their children are freezing when they come home from school.Per WIVB, the […]

Google executive Royal Hansen responded to some lawmakers' calls to slow the development of artificial intelligence (AI) in the U.S., emphasizing the need to develop and use the technology responsibly rather than fall behind other countries."It's really… this idea of being responsible as we invest in and develop AI because there's a lot of upside to using AI well, whether it's in energy production or healthcare or science," he told […]

White House National Economic Council Director Kevin Hassett praised Thursday’s consumer price index (CPI) report, which showed inflation rose less than expected."It was just an absolute blockbuster report," Hassett told "Varney & Co.""Before the numbers come out, we look at the forecast from everybody we can find on Bloomberg. We've looked at 61 forecasts, and this number came in better than every single one of them," he added.TRUMP TOUTS BRINGING […]

Grocery delivery giant Instacart will pay $60 million in consumer refunds under a settlement with the Federal Trade Commission (FTC) after the agency accused the company of misleading shoppers and driving up grocery costs for Americans.The FTC alleged Thursday that Instacart falsely advertised free delivery on first orders, implied full refunds that were not provided and enrolled consumers in paid subscriptions without clear consent, claims the company disputes."Instacart misled consumers […]

Former NASCAR driver Greg Biffle, 55, was among seven people killed in a plane crash in North Carolina on Thursday.Biffle, his wife and two children, and three others were aboard a Cessna C550 owned by Biffle when it crashed at Statesville Regional Airport.According to Spotrac, Biffle made more than $58 million in career earnings. Spotrac's data ranges from 2002 through 2015, as NASCAR has not disclosed winnings since 2016, Biffle's […]

GDP is still the best overall measure of our economy. It stands for gross domestic product. It covers consumption, investment, government, and trade.For the past 25 years, it’s been stuck around 2%, on average. For the prior 100 years, GDP growth averaged 3.5%. That was real prosperity for all Americans. Top, middle, lower incomes. Not only prosperity, but the opportunity to climb the ladder of success.Now, I think the Trump […]

The door to more rate cuts could open further soon, according to a Federal Reserve Bank president, but only if economic indicators remain sustainable on their current trajectories."There was a lot to like in this [consumer price index] report, for sure," Federal Reserve Bank of Chicago President Austan Goolsbee said in an interview on "The Claman Countdown" Thursday."If we keep getting reports like this — I realize it's just one […]

Gas prices have fallen in time for the holiday despite the increase in demand as a record number of people begin to hit the road. The national average for a gallon of regular gasoline fell more than 4 cents to $2.89 last week, according to AAA. This marks the cheapest December at the pump since the end of 2020, according to data from AAA.  AAA characterized the year as "stable" for […]

A leading contender to become President Trump’s next Federal Reserve chair said the administration expects larger tax refunds and higher take-home pay next year, as many Americans continue to express concerns about affordability."We are going to see the biggest refund cycle ever in the history of America, and people are going to get massive refund checks," National Economic Council Director Kevin Hassett said in an interview on FOX Business' "Varney […]