Business

Treasury Secretary Scott Bessent says he isn't in the business of giving the Fed marching orders, but his view that a neutral interest rate would be 150 basis points below the current level has fueled speculation over how soon and how far rates could be cut."I didn't tell the Fed what to do. What I said was that to get to a neutral rate on interest, that would be an […]

Amazon announced Wednesday it is expanding its same-day delivery service to include thousands of perishable food items, marking the retail giant's latest move to compete with delivery options available through Walmart+ and Instacart.Shoppers in more than 1,000 cities and towns across the U.S. can now include fresh groceries — like dairy, produce, seafood, frozen foods, baked goods and meat — in their same-day delivery orders, according to a news release […]

Geoffrey Hinton, one of the most prominent figures in the world of artificial intelligence, is sounding the alarm that machines could soon outthink humans, and he's advocating for "maternal instincts" to be built into advanced systems to ensure AI cares for and protects people.Hinton believes artificial general intelligence, a type of AI that can meet or exceed human capabilities, could be as little as just a few years away, much […]

As New York City Democratic mayoral candidate Zohran Mamdani promotes the idea of city-run grocery stores, one city-owned market in Missouri closed its doors on Tuesday after years of struggling and millions of taxpayer dollars.Local news outlets reported the doors to the Kansas City Sun Fresh market were locked that morning with a note saying the store was "unable to serve" the community."Unfortunately, due to unforeseen circumstances beyond our control, […]

A member of the Federal Reserve panel that makes decisions about monetary policy said that he favors keeping interest rates at their current level to prevent strong levels of economic activity spurring a resurgence of inflation.Federal Reserve Bank of Kansas City President Jeffrey Schmid said that, in his view of the economy, growth is solid and inflation is still elevated relative to the Fed's 2% target – so monetary policy should remain […]

After months of investigation and negotiations, Texas Attorney General Ken Paxton announced Wednesday that WK Kellogg Co. "Kellogg’s" will permanently remove toxic dyes from its cereals.In a historic legal agreement, Paxton and Kellogg’s signed an Assurance of Voluntary Compliance (AVC), which certifies that the company commits to removing artificial food colorings from its cereals by the end of 2027. While other companies have verbally committed to removing food dyes, Kellogg’s is […]

Treasury Secretary Scott Bessent on Wednesday said that he doesn't think the Bureau of Labor Statistics (BLS) needs to pause monthly jobs report releases because of instances of large revisions in the data in subsequent reports.Bessent was interviewed on "Bloomberg Surveillance" and he was asked about comments made by Heritage Foundation chief economist EJ Antoni, who has been nominated as BLS commissioner, that the agency should suspend issuing the monthly report and […]

U.S. Treasury Secretary Scott Bessent didn’t shy away from talking about Federal Reserve politics and an ongoing fiscal power shift during a recent interview on FOX Business’ "Kudlow.""The important thing to remember is, we have two seats. So, there's the seat for the chair, and then there will be another appointee joining, so we actually get two appointments and President Trump will have a majority of the board in D.C.," […]

New Jersey residents are facing huge spikes in energy costs this year, and rising outrage is leading to speculation that it could cost the state's Democratic leaders in upcoming elections.Most New Jersey households were hit with a 17-20% rate hike starting in June, approved by New Jersey's Board of Public Utilities. Garden State residents who spoke with Fox News correspondent CB Cotton expressed shock and confusion when they saw their […]