Business

When President Donald Trump and Russian President Vladimir Putin meet today in Anchorage, it will be the most closely watched U.S.–Russia encounter in years. But this summit is not a sudden breakthrough. It is the end point of a summer-long series of deliberate moves—some public, some behind closed doors—that pushed both men from a wary distance into the same room.Back in February, neither side was preparing for a handshake. Russia […]

The Trump administration is in talks with Intel to inject federal capital into the company, according to people familiar with the discussions. The aim is to expedite U.S. semiconductor production and reinvigorate Intel’s long-delayed Ohio factory, Bloomberg reported."We look forward to continuing our work with the Trump administration to advance these shared priorities, but we are not going to comment on rumors or speculation," an Intel spokesperson told FOX Business.The […]

The Dragon Bravo Fire is now the largest wildfire burning in the United States and the biggest ever recorded in the Grand Canyon area, according to the National Interagency Fire Center.Since it sparked over Fourth of July weekend, the U.S. Forest Service said the fire has burned more than 143,000 acres, with containment hovering around 40%.It has destroyed more than 70 buildings and forced the indefinite closure of the North […]

Empower Brands is recalling about 56,300 Remington hair dryers due to a risk of electrocution or shock.The product lacks an immersion protection device and poses the risk of "death or serious injury from electrocution or shock if the hair dryers fall into water while plugged in," according to the recall announcement from the Consumer Product Safety Commission.The hair dryers with model number D3190DCDN were sold in purple with black accents […]

Miami International Holdings, also known as financial markets exchange MIAX, raised over $345 million in its IPO Wall Street debut. Shares, which priced at $23, rose over 33% on the first day of trading and are listed on the New York Stock Exchange under the ticker MIAX.CEO Thomas Gallagher led his team in ringing the opening bell on the NYSE floor Thursday. JETBLUE ADDS NEW AND OLD FLORIDA ROUTESSOCIAL SECURITY UPDATES COST-OF-LIVING […]

Treasury Secretary Scott Bessent said on Thursday that one of his top priorities is addressing the U.S. housing affordability crisis. "We are really going to work on this housing affordability crisis. That's one of my big projects for the fall," Bessent told FOX Business' Maria Bartiromo during an interview on "Mornings with Maria."Bessent said that the White House is exploring how to monetize Fannie Mae and Freddie Mac, which could involve […]

Lowe's, the Lowe’s Foundation and Hiring our Heroes are launching a skilled trades academy focused on helping military members and spouses transition into trades careers.The program, which creates a bridge from active duty to civilian careers, aims to solve two national issues: the shortage of trades professionals in the country and the high unemployment rate among veterans and their spouses, according to Elizabeth O’Brien, senior vice president of events and […]

Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of inflationary pressures in the economy. The Bureau of Labor Statistics on Thursday released the producer price index (PPI) for the month of July, which showed an increase of 0.9% from the prior month and 3.3% from a year ago. Those PPI figures were much hotter than the forecast of prices rising 0.2% on a monthly basis and 2.5% […]

Treasury Secretary Scott Bessent on Thursday outlined the qualities he is seeking as he vets candidates from President Donald Trump's shortlist to lead the nation's central bank."I want to see people who are forward-looking, not backward-looking on regulation," Bessent said in an interview on FOX Business’ "Mornings with Maria," adding that "since the great financial crisis, we've been in a regulatory straitjacket for the banking system."TRUMP SAYS FED CHAIR SEARCH […]