Business

Federal Reserve Chairman Jerome Powell declined Wednesday to comment on the ongoing legal battle between Federal Reserve Governor Lisa Cook and the Trump administration over her role at the central bank."I see it as a court case that it would be inappropriate for me to comment on," Powell said when asked at the conclusion of the two-day Federal Open Market Committee (FOMC) meeting.The Federal Reserve has previously acknowledged the potential […]

As the Federal Reserve revealed its latest rate decision Wednesday, a Trump administration senior counselor blasted the central bank for keeping the American Dream out of reach, as other experts reacted to the cut."We're a hundred basis points, at least, over where we should be," Trump senior counselor for trade and manufacturing Peter Navarro said on "Mornings with Maria" Wednesday. "That's disequilibrium. It hurts our trade balance. It hurts everybody […]

The Federal Reserve on Wednesday announced the first interest rate cut of the year as policymakers lowered its benchmark interest rate by 25-basis-points, as signs of a weakening labor force outweighed elevated inflation.Following the central bank's decision to cut rates for the first time since December 2024, the federal funds rate will sit at a new range of 4% to 4.25%. The cut comes after the Fed left rates unchanged at […]

Cracker Barrel will report its quarterly earnings on Wednesday, giving investors and customers alike a sense of whether the chain is still paying the price for its failed $700 million rebrand fiasco. In August, the brand unveiled its new logo, which dropped the illustration of a man – "Uncle Herschel" – resting his arm on top of a wooden barrel, a folksy image that has embodied the brand's Southern hospitality for […]

Mortgage rates have eased sharply from their recent peaks, offering some relief to buyers and refinancing opportunities for homeowners who have been "stuck" in the so-called "golden handcuff effect," but industry experts are still warning that getting back to a path of true affordability will take time.Since interest rates spiked after the COVID-19 pandemic housing boom, there has been little movement in the market. Homeowners were unwilling to sell because […]

The suspect accused of assassinating conservative activist Charlie Kirk appeared to confess to others in an online chat before surrendering to authorities, according to a report in the Washington Post. The suspect, 22-year-old Tyler Robinson, wrote to friends on the online platform Discord, "Hey guys, I have bad news for you all. It was me at UVU yesterday. im sorry for all this."A spokesperson for Discord confirmed to FOX Business that […]

After Charlie Kirk’s assassination, millions have gravitated to his social media presence. The spike has been especially pronounced on YouTube, where subscriber growth has translated into higher view counts and a jump in estimated earnings.Kirk, long a dominant force on social media, has gained more than a million new YouTube subscribers in the past week, according to Social Blade metrics. The surge lifts his subscriber base to 5 million, up […]

As sports and technology continue to intersect, young athletes and established professionals have more tools at their disposal. Long gone are the days of training without the assistance of data. Shooting percentages have always been a key metric in basketball, and Shoot 360 has stepped in to help elevate player development. Shoot 360 is a basketball innovation firm with a sharp focus on skill development for athletes of varied skill levels. […]

India on Tuesday described its latest trade talks with the U.S. as "positive" after tensions mounted late last month when President Donald Trump put 50% tariffs on Indian imports. While the details of the talks remain unclear at this time, a statement released by the Indian embassy in Washington, D.C. said the discussions were varied and "forward-looking" as the two sides look to hash out bilateral trade. "It was decided to intensify […]