Business

The names on Treasury Secretary Scott Bessent's radar to lead the world’s most powerful central bank are coming into view.Bessent, who has been interviewing candidates since Labor Day, is down to five candidates, senior Treasury officials confirmed to FOX Business' Edward Lawrence.A source familiar with the process said that when the list is reduced to three or four finalists, that’s when President Donald Trump will become involved in the decision-making.A […]

More than 46,000 pressure-cookers are being recalled following several reports of burn injuries, according to a federal regulatory agency. The lid of the Ambiano Electric Pressure Cookers, which were sold at Aldi stores, can be opened before sufficient steam pressure has been released, causing hot contents to escape and posing a risk of burn injuries to consumers, the Consumer Product Safety Commission said in a Thursday notice. SPINACH RECALLED AFTER BATCH TESTS […]

UPS may begin "disposing of" imported packages if parcels cannot clear U.S. customs regulations, the shipping giant told Fox News Digital on Friday.The company said rapidly shifting import rules and documentation requirements under ongoing trade disputes have made it increasingly difficult for employees and consumers to navigate the customs process.When a shipment cannot be cleared due to missing information or incomplete paperwork, the company has implemented new procedures for handling […]

Tesla has been placed under federal investigation over numerous reports alleging that its Full Self-Driving (FSD) software violated multiple traffic laws, leading to at least six crashes, four of which resulted in injuries. In a report dated Oct. 7, the National Highway Traffic Safety Administration (NHTSA) cited at least 18 complaints involving Tesla vehicles using the self-driving feature that allegedly ran red lights or veered into opposing lanes.According to the agency’s […]

Silver surpassed $50 an ounce for the first time on Thursday amid a supply shortage and an economic environment that bolsters precious metals.Spot silver briefly rose above $51 an ounce during Thursday's trading session after breaking the $50 an ounce threshold earlier in the day. It has since dipped back below $49 a share where it opened on Thursday. The last time silver traded around these levels was January 1980.Spot […]

Boston officials are reportedly weighing the concept of creating government-owned grocery stores to support residents struggling with the rising costs of food.City Council President Ruthzee Louijeune and Councilor Liz Breadon have requested a hearing to explore the idea — emphasizing it was not inspired by a similar proposal from New York City Democratic socialist mayoral candidate Zohran Mamdani, local news outlet Boston 25 News reported."The role of government is to […]

PepsiCo's Lay's has become the latest in a series of household names that are redesigning their brand with a more modern edge. PepsiCo announced the "largest brand redesign in Lay’s nearly 100-year history" on Thursday on the heels of Domino's revealing plans for its own rebranding attempt. But Lay's isn't just updating the look of its products – it's also ensuring they are made with cleaner ingredients, aligning with the administration's health […]

The Internal Revenue Service (IRS) on Thursday announced annual inflation adjustments for dozens of tax provisions, along with changes made under the One Big Beautiful Bill Act (OBBBA).The IRS' announced changes primarily apply to tax year 2026.The standard deduction, claimed by the majority of taxpayers who don't itemize their returns, will rise to $16,100 for single taxpayers and $32,200 for married couples filing jointly in tax year 2026. OBBBA also raised the […]

Mortgage rates fell for the first time in three weeks this week, 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 decreased to 6.3% from last week's reading of 6.34%. The average rate on a 30-year loan was 6.32% a year ago."Over the last few weeks, mortgage rates have settled in at their lowest level in […]