Business

Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for steak and ground beef.The Bureau of Labor Statistics' consumer price index report for August showed a surge in beef prices over the past year. Ground beef prices were up 12.8% on a year-over-year basis in August, while beef […]

The Department of Transportation (DOT) is halting funding for two of New York City’s biggest infrastructure projects — the Hudson Tunnel and the Second Avenue Subway — freezing nearly $18 billion in federal money.Vice President JD Vance pressed on the impact of funding cuts to New York City, defended Republicans’ approach to the shutdown. "We want to do everything that we can to help the American people. But when the Democrats […]

House Speaker Mike Johnson, R-La., said Senate Minority Leader Chuck Schumer, D-N.Y., created a problematic government shutdown for the American people — but the move may have handed President Donald Trump the "keys to the kingdom.""While a shutdown is very damaging for real American people who depend upon government services, it can provide an opportunity to downsize the scope and the scale of government, which is something that we've all […]

Car shoppers are facing affordability challenges in the market for new vehicles despite average down payments dipping to nearly the lowest level in four years, according to a new report.An analysis by Edmunds found that the average down payment for new car purchases fell to $6,020 in the third quarter of 2025. That's the lowest level since the fourth quarter of 2021 and is down from $6,433 in the second quarter […]

The White House confirmed to FOX Business that President Donald Trump has withdrawn his nomination of E.J. Antoni to lead the Bureau of Labor Statistics (BLS).CNN first reported the withdrawal of Antoni’s nomination, citing three sources. One source said Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, declined to meet with Antoni. That signaled possible concerns about his nomination.The BLS came under scrutiny after a weaker-than-expected July jobs report showed […]

Chicago Federal Reserve President Austan Goolsbee said Tuesday the central bank will look at alternate data sources to consider at its October meeting if upcoming economic data is not released as scheduled due to a potential government shutdown.The government is slated to shut down at 12:01 a.m. ET on Wednesday if Congress fails to approve a funding extension. The House has passed a continuing resolution, but efforts have stalled in […]

Kansas City Chiefs star Travis Kelce is working hard to keep his team’s win streak going, but he’s also remaining a constant in his community with his third annual "Kelce Car Jam."Before the Chiefs defeated the Baltimore Ravens at home on Sunday, the Kelce Car Jam, sponsored by Raising Cane’s, was held on Friday night to benefit the future Hall of Famer’s 87 & Running Foundation. This highly anticipated event brings […]

Charlie Javice, the founder of the student loan startup Frank, was sentenced Monday to more than seven years in prison for cheating JPMorgan Chase out of millions by inflating user data.Prosecutors said Javice, 33, duped JPMorgan Chase into buying her company by exaggerating its student numbers, leading to her March conviction on bank, securities, and wire fraud, as well as conspiracy charges.U.S. District Judge Alvin Hellerstein in Manhattan federal court […]

A partial shutdown of the federal government may begin at midnight barring action by Congress on a spending bill to fund operations which could spark concern over the economic impact, although it's unlikely to have a significant impact based on past shutdowns.The government is funded until 11:59:59 p.m. Eastern Time on Tuesday night, when current funding that runs through the end of fiscal year 2025 ends – creating the potential for […]