Business

FIRST ON FOX: Former Trump economic advisor and Unleash Prosperity’s Steve Moore has sounded the alarm over a plan by senators Josh Hawley and Bernie Sanders to cap credit card interest rates at 10%.Moore argues that while their proposal may be politically popular, it could hurt millions of Americans and suggested that President Trump may also not support the measure."Trump has a bit of an economically populist streak," Moore told […]

McDonald’s CEO Chris Kempczinski is warning that persistently high beef costs continue to strain the restaurant industry as inflation remains elevated.During the company’s third-quarter 2025 earnings call Wednesday, Kempczinski told investors that inflation has proven to be "sticky," with beef costs running well above historical norms and price pressures expected to continue into next year."It's still a difficult environment, and inflation is proving to be sticky," Kempczinski said. "I mean, […]

We know that socialist mayor Zohran Mamdani wants to give everything away for free, essentially doubling the NYC budget and raising taxes on successful earners and businesses to allegedly pay for his big government socialism. We know he will destroy New York housing by freezing rents. We know he hates cops. And on top of all that, he’s a heavy duty antisemite who also hates the state of Israel.So, it’s a […]

America's busiest airports handled hundreds of millions of passengers last year, and many travelers could soon feel the effects as airlines are ordered to cut flights.The Federal Aviation Administration (FAA) announced that 40 of the busiest airports in the U.S. will see a 10% flight reduction beginning Friday, citing the ongoing strain on air traffic controllers amid the federal government shutdown.While the FAA has yet to make an official public […]

JPMorgan Chase CEO Jamie Dimon warned that high-tax, regulation-heavy states are driving businesses and residents away — accelerating an exodus to pro-growth Sun Belt states like Florida and Texas.Speaking at the America Business Forum in Miami on Thursday, Dimon cautioned that the trend could "backfire" on states along the West Coast and in the Northeast as the rise of "Wall Street South" increases competition."My bottom line is, I think that […]

U.S. employers ramped up layoffs in October to the highest level for the month in 22 years as companies looked to cut costs and adopt artificial intelligence (AI).A report from the global outplacement firm Challenger, Gray & Christmas found that employers cut 153,074 jobs in October, an increase of 175% from the 55,597 cuts announced in October 2024. It also marks a 183% increase from the 54,064 job cuts announced in September."October's […]

U.S. Trade Representative Jamieson Greer warned Thursday that as much as $200 billion could be at stake as the Supreme Court considers overturning President Donald Trump’s tariffs—a ruling he says could spark a major economic shake-up."The court itself signaled, ‘What do you do [with the money] in the case that the tariffs are overruled?’" Greer said Thursday on "Mornings with Maria."The justices are weighing whether Trump’s broad import tariffs—imposed amid […]

Sen. John Fetterman, D-Pa., gave his take on New York City Mayor-elect Zohran Mamdani’s rise and explained his break with the Democratic Party over the government shutdown Wednesday on FOX Business.Fetterman acknowledged the "very active" progressive wing of his party, pointing to a press conference Wednesday at which Senate Minority Leader Chuck Schumer was interrupted by Sen. Bernie Sanders, I-Vt., who criticized Democrats for not supporting Mamdani."It doesn’t really matter […]

Treasury Secretary Scott Bessent said he left Wednesday's Supreme Court arguments on President Donald Trump’s emergency tariff powers "very optimistic," telling FOX Business' Larry Kudlow he believes the administration’s trade policy will stand. Bessent, who attended the hearing alongside Secretary of Commerce Howard Lutnick and several other dignitaries, said he expects the justices to uphold Trump’s authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA).Asked how the administration […]