Business

Canada's push to expand its economic relationships around the world should not be mistaken for a retreat from the U.S., a leading Canadian business voice told FOX Business, warning that continued uncertainty over North American trade risks creating a "capital chill" that could weigh on investment.Goldy Hyder, president and CEO of the Business Council of Canada, said Canadian companies continue to view the U.S. as their most important market even […]

Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week's reading of 6.95%.The average rate on a 30-year loan was 6.3% a year ago.The average rate on a 15-year fixed mortgage climbed to 6.42% from last […]

Oil prices will rise even higher regardless of whether the Iran war ends, U.S. economic and political commentator Peter Schiff predicted during an interview with Fox News Digital on Wednesday, noting that he expects an economic "downturn."Schiff, chief economist and global strategist of Euro Pacific Asset Management and host of "The Peter Schiff Show" podcast, described the elevated prices as "a tax on the economy," opining, "I don't think it's […]

Starbucks announced plans to close roughly 250 stores across North America this week, company COO Mike Grams revealed Thursday.Grams announced the closure in a public statement, saying that while most of its 18,000 North American stores were profitable, a small portion has been struggling."We have carefully reviewed our North America coffeehouse portfolio and identified locations where we do not believe we can consistently deliver the experience we want for customers […]

Albert Pujols is embracing baseball's technology-driven changes, arguing that a new way to challenge ball-and-strike calls could give players another chance when a game is on the line.The former MLB All-Star joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the Automated Ball-Strike (ABS) Challenge System, which allows batters, pitchers and catchers to contest ball-and-strike calls, and how changes to the game could benefit fans.The system gives batters, […]

McDonald's on Wednesday announced new details as part of its long-term growth strategy, which will include a focus on upgrading restaurants and staff training, at an investor day at the corporate headquarters in Chicago.The fast-food giant announced its NEXT growth and productivity strategy in June and outlined plans to implement changes throughout its system.McDonald's said that to speed up the modernization of restaurants, deployment of technology and other operational improvements, […]

As U.S. leadership in artificial intelligence (AI) and the semiconductor industry remains a central economic and national security issue, Advanced Micro Devices (AMD) Chair and CEO Lisa Su said she will attend President Donald Trump's state dinner for Chinese President Xi Jinping."I'm honored to say that I will be at the dinner tomorrow night," Su told FOX Business' Liz Claman in a fireside chat on Wednesday during a trip to […]

Sen. Bernie Sanders, I-Vt., and Rep. Greg Casar, D-Texas, are introducing sweeping legislation Wednesday that would permanently ban artificial "superintelligence" and temporarily halt advanced AI development, an effort that has garnered support from several tech industry insiders.The formal rollout of the legislation and an accompanying statement of support from employees at leading AI firms were first reported by The Associated Press.The lawmakers' proposal would establish a new Cabinet-level agency, the […]

Independent grocers are facing mounting pressure from national retailers, with the head of the National Grocers Association warning that weak competition could eventually leave Americans with only a handful of major grocery chains.Greg Ferrara, president and CEO of the National Grocers Association, told FOX Business that independent stores are fighting to maintain access to products and competitive terms in an increasingly consolidated industry.He warned that America was approaching an "inflection […]