Business

EXCLUSIVE — Senate Banking Committee Chairman Tim Scott, R-S.C., told FOX Business he will push for an "accelerated path to completion" after President Donald Trump told reporters Sunday that the president knows who he will choose to lead the Federal Reserve. The Senate Banking Committee is responsible for reviewing and voting to approve the president’s pick before the candidate goes to the full Senate for confirmation. "We need a Fed chair who […]

Sens. Ted Cruz, R-Texas, and Cory Booker, D-N.J., urged leaders of Fortune 1000 companies in a letter Tuesday to support the newly created federal savings program known as "Trump Accounts," a tax-advantaged investment account established for newborn American children.The program, created by the One Big Beautiful Bill Act and signed into law by President Donald Trump July 4, provides every child born between Jan. 1, 2025 and Dec. 31, 2028, […]

Oil and gasoline prices are expected to decline next year, according to the latest forecast from the Energy Information Administration (EIA).The EIA published its November Short-Term Energy Outlook last month, which projected that the price of Brent crude oil will decline from $69 a barrel in 2025 to $55 a barrel next year. That would be well below the $81 per barrel that prevailed in 2024.Gas prices are also projected […]

Americans are seeing relief at the pump as the national average for regular gas fell to $2.99 on Monday, AAA reported — the first time prices have dipped below $3 in more than four years.U.S. Energy Secretary Chris Wright says that drop isn’t a coincidence, arguing on FOX Business’ "Kudlow" that "nothing’s better than saving money" at a time when families are struggling with costs."Every week you fill up your […]

In an era dominated by screens, more parents are searching for ways to give their kids something they feel has quietly disappeared: freedom, confidence and far less time glued to devices.A fast-growing, parent-led movement is taking hold in communities nationwide, reframing childhood around independence and real-world experiences rather than constant digital stimulation.The Balance Project, a nonprofit, launched just a year ago in Little Silver, New Jersey, and has already expanded […]

Super Bowl champion Odell Beckham Jr. broke down the supposed financial perils of signing a lucrative contract in the NFL and what a $100 million deal really means.Beckham appeared on "The Pivot" back in October and lamented not having the financial literacy to know the expenses that would come with a massive deal. The interview caught the attention of social media during the holiday weekend.CLICK HERE FOR MORE SPORTS COVERAGE […]

A growing number of consumers are shying away from the new car market as prices increasingly become out of reach. But used cars aren't offering much relief either, according to auto industry experts.Joseph Yoon, consumer insights analyst at Edmunds, told FOX Business that shoppers are contending with the highest average monthly payments and highest average loan balances ever seen at Edmunds. The company's data from October, the most recent on […]

Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, have pledged $6.25 billion to support a new federal savings program created for America’s children, known as "Trump accounts."The program, tucked into the One Big Beautiful Bill Act and signed into law by President Donald Trump on July 4, provides every child born between Jan. 1, 2025 and Dec. 31, 2028 with a one-time $1,000 government deposit at […]

Costco Wholesale Corporation is suing the federal government to block President Donald Trump’s emergency tariffs and recover the funds the retailer says it was improperly required to pay on imported goods.The case, filed in the Court of International Trade, argues that Trump used an emergency-powers law to impose tariffs on goods from China, Mexico, Canada and dozens of other countries, even though the statute does not allow the president to […]