Business

U.S. Treasury Secretary Scott Bessent offered some optimism for consumers, saying he expects price relief to arrive sooner rather than later."Things look great, and they're good now. I think 2026 and 2027 are gonna be great years," Bessent told FOX Business’ Larry Kudlow on Wednesday."This affordability crisis, we've gotten it under control. The first thing to getting it under control was stopping the Biden inflation," he continued. "Now that we've […]

Coca-Cola has reportedly begun rolling out soda made with cane sugar across the U.S., months after President Donald Trump urged the beverage giant to bring back the ingredient to its American products.A new 12-ounce, single-serve glass bottle of Coca-Cola’s signature soda made with U.S. cane sugar is launching in select markets nationwide this fall, a spokesperson for the company told The New York Post.The move gives consumers "a classic and […]

Treasury Secretary Scott Bessent hit back at Sen. Elizabeth Warren, D-Mass., defending the Trump administration’s decision to provide Argentina a $20 billion currency swap line with Argentina’s central bank earlier in October. Bessent’s response came after Warren issued a letter voicing concern and requesting answers on why the Trump administration was moving forward with providing Argentina a financial lifeline as its economy struggles, particularly during a U.S. government shutdown, which started […]

The Treasury Department under President Donald Trump sanctioned Russia’s two largest oil producers, Rosneft and Lukoil, on Wednesday, escalating pressure on the Kremlin to end its war in Ukraine. Treasury Secretary Scott Bessent said the move targets the oil companies that "fund the Kremlin's war machine" and called on Moscow to agree to an "immediate ceasefire."  "We canceled the meeting with President Putin," Trump told reporters in the Oval Office alongside […]

Tesla is recalling 12,963 vehicles in the U.S. over a battery pack defect that could cause a sudden loss of power.The recall affects certain 2025 Model 3 and 2026 Model Y vehicles, which may lose the ability to accelerate while driving, raising the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said in a notice issued Tuesday.About 1% of the recalled vehicles are estimated to have […]

The U.S. national debt surpassed another historic milestone as it topped $38 trillion for the first time this week, as the federal government continues to rack up debt at a record-setting pace.New data from the Treasury Department released on Wednesday showed that the gross national debt reached $38,019,813,354,700.26 as of Oct. 21.The $38 trillion milestone comes a little over two months after the U.S. national debt reached $37 trillion for the first […]

A dozen state financial officers are writing to the Consumer Financial Protection Bureau (CFPB) to uphold consumers' right to share financial data with authorized third parties as the agency weighs a rule that could restrict their ability to do so, according to a letter exclusively reviewed by FOX Business.The CFPB is considering revising a regulation under section 1033 of the Dodd-Frank Act, which would revise the definition of a "representative" who […]

Following the Trump administration’s decision to add a $100,000 fee to H-1B visa applicants, one retail giant has reportedly paused job offers to candidates who require the work permit.Walmart has halted hiring individuals who require an H-1B temporary work visa due to the Trump administration’s decision to impose a $100,000 application fee, people familiar with the matter told Bloomberg. The current guidelines primarily affect corporate employees, the outlet reported.Government data […]

Agriculture Secretary Brooke Rollins on Tuesday said that the U.S. is considering imports of beef from Argentina to reduce prices that have been at record highs this year.Rollins said in an appearance on CNBC's "Squawk Box" that the Trump administration is preparing to announce a plan to import beef from Argentina to help increase the beef supply, as prices surged with cattle inventory declining to the lowest level in decades."The […]