Business

This story about the September 2026 FOMC meeting will be updated with further details.The Federal Reserve on Wednesday raised its benchmark interest rate for the first time in over three years amid concerns over stubborn inflation that has been driven recently by higher energy prices.Fed policymakers voted 12-0 to raise the federal funds rate from a range of 3.5% to 3.75% to a new target rate of 3.75% to 4%. The […]

Continental Resources on Wednesday announced that it reached an agreement with Venezuela's state-owned oil company to develop oil in the South American country's prolific Orinoco Belt.The memorandum of understanding with Petroleos de Venezuela S.A. (PDVSA) will see Continental Resources operate and develop the Ayacucho 2 Block in the Orinoco Belt, which is the main oil field in the country. The announcement indicated that the two parties plan to enter into […]

European Commission President Ursula von der Leyen on Wednesday proposed opening the door for Canada to become the European Union's first "associate member," a significant step that could bring Ottawa substantially closer to the bloc as its trade dispute with the U.S. shows no signs of abating. Speaking in Strasbourg during her annual State of the European Union address, von der Leyen addressed Canadian Prime Minister Mark Carney, who was in […]

Baseball Hall of Fame pitcher and legendary New York Yankees starter CC Sabathia has told the story many times: Dave Stewart changed his mindset forever at just 9 years old in his hometown Vallejo, California. Stewart, a three-time World Series champion and World Series MVP during his time pitching for the Oakland Athletics, made a surprise visit to Sabathia’s Boys and Girls Club when he was just a kid. Stewart shared […]

A recall has been issued for So Delicious Dairy Free Salted Caramel Cluster Non-Dairy Frozen Dessert pints over the potential presence of foreign materials, including small stones and other hard objects, within the cashew inclusions.Danone USA announced the voluntary recall for So Delicious Dairy Free Salted Caramel Cluster Non-Dairy Frozen Dessert pints on Tuesday.The recalled dessert item is packaged in pint containers with best-by dates on and before April 3, […]

The Federal Reserve is holding a closely watched monetary policy meeting this week as the market expects the central bank to hike interest rates amid concerns about stubborn inflation.Policymakers have held interest rates steady at all five meetings held by the Federal Open Market Committee (FOMC) this year, with the benchmark federal funds rate sitting at a target range of 3.5% to 3.75%.Persistent inflation above the Fed's 2% long-run target […]

Sen. Tim Scott, R-S.C., warned that Democratic opposition to cryptocurrency market structure legislation risks standing in the way of America’s ability to lead the next evolution of financial markets.Scott, chairman of the Senate Banking Committee and one of the bill’s lead sponsors, joined FOX Business’ Taylor Riggs on "Mornings with FOX Business" to discuss the CLARITY Act and a key procedural vote that would allow negotiations to continue.The Senate is […]

Philadelphia cream cheese is tapping into Americans’ growing appetite for sweet-and-spicy foods with a new product developed alongside Mike’s Hot Honey.Kraft Heinz said Philadelphia Mike’s Hot Honey Whipped Cream Cheese, which combines the brand’s whipped cream cheese with chili pepper-infused honey, has launched exclusively at Walmart stores. The product is expected to expand to additional retailers nationwide in January 2027.The launch comes as Kraft Heinz puts greater emphasis on product […]

Nvidia CEO Jensen Huang received a surprise phone call from President Donald Trump on Monday, in which the president dismissed fears that AI poses an existential threat to humanity and argued against calls to slow frontier AI development.While speaking on stage at the All-In Summit in Los Angeles, Huang answered the call and placed Trump on speakerphone for the audience of thousands, as shown in a video of the event […]