Business

Agriculture Secretary Brooke Rollins praised the Trump administration's agriculture agenda as she took aim at Biden-era food policies, accusing the former administration of pushing Americans away from traditional meat products."There was a massive push under the last administration to eat less meat. Could you imagine? Don’t stop eating meat. There was a massive push under the Democrats to eat fake meat and lab-grown meat," Rollins said.During an appearance on "Mornings […]

Mortgage rates rose to the highest level in more than a year, 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 rose to 6.71% from last week's reading of 6.66%. It was the highest reading since July 31, 2025, when the average rate on the 30-year fixed mortgage was 6.72%.The average rate on a 30-year […]

Nvidia announced Thursday that it will buy AI developer platform Hugging Face in a deal valued at approximately $12.9 billion.The chipmaker is betting that growing demand for the open-source AI models hosted on Hugging Face will fuel future growth, even as some of Nvidia's largest customers develop their own chips to reduce their dependence on the company.Nvidia CEO Jensen Huang said Hugging Face will remain an open-source platform. He estimated […]

Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a sell-off amid concerns over energy prices keeping inflation elevated as well as government debt burdens.The yield on the benchmark 10-year Treasury note was around 4.8% in the early afternoon on Wednesday, slightly lower than the intraday high of 4.818% – which was the highest level since November 2023.Sovereign debt yields were elevated in […]

The Securities and Exchange Commission (SEC) is moving to give crypto companies a clearer path to raise capital in the United States as the agency seeks to bring crypto-asset investment and innovation back onshore while keeping activity under U.S. law.SEC Chairman Paul Atkins joined FOX Business' Cheryl Casone on "Mornings with Maria" to discuss the agency's new crypto proposal, its exemptions and the broader push to make the U.S. the […]

Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday.The ride-hailing giant's CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are based."The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to […]

The U.S. Mint on Wednesday started selling $1 coins that feature President Donald Trump's face."Available for purchase today at 12PM ET: 2026 President Donald J. Trump $1 Coin. These coins are also in circulation, so check your pocket change. Collect them today!" the U.S. Mint declared in a Wednesday morning post on X. But the Trump-emblazoned coins cost a pretty penny — they are priced significantly higher than their $1 face […]

New York City public school students under 9th Grade will be banned from using generative AI for at least one year, Mayor Zohran Mamdani announced Wednesday.Mamdani announced the new rule during a news conference Wednesday morning, saying it is part of a "comprehensive AI policy" for the city's schools. The ban is only a "one-year moratorium" on AI use for students under 9th Grade, and is not a lasting ban […]

The U.S. gross national debt surpassed $40 trillion last month for the first time in the nation's history, and while the federal government is continuing to rack up debt at an increasing pace, fiscal challenges loom on the horizon for political leaders who are currently in office and those who will be competing in upcoming elections.Earlier this year, the annual report of the Social Security and Medicare Trustees noted that […]