Business

The Federal Reserve on Thursday responded to the Trump administration's inquiry into cost overruns in the central bank's renovations of its Washington, D.C., headquarters amid its efforts to pressure the Fed into lowering interest rates.The Fed's renovations of its headquarters, the Marriner S. Eccles Building, and another building in the nation's capital have experienced cost overruns, which pushed the estimated cost from about $1.9 billion before the COVID pandemic to $2.5 […]

FIRST ON FOX: The Transportation Security Administration (TSA) announced Friday its intention to create dedicated security lines for families traveling at some airports across the US. The initiative is part of the Department of Homeland Security’s "Families on the Fly" campaign to alleviate difficulties for families traveling in groups, which also includes reducing invasive pat-downs on minors, and eliminating self-identified breast milk screening in TSA PreCheck lanes."DHS and TSA are committed to making […]

Northrop Grumman is producing vital semiconductor chips in the U.S.The Virginia-based defense company manufactures millions of chips in America each year, FOX Business correspondent Max Gorden reported Friday from its factory in Baltimore, Maryland.At the facility, Gorden showed a "wafer" that contained "thousands of microchips." "They’re all on here, and then they’re eventually cut out toward the end of the process," he explained. GET FOX BUSINESS ON THE GO BY CLICKING HEREHe […]

The internet has seen a deluge of reactions to an on-screen moment during a Coldplay concert that has led to allegations of an affair between two executives at a tech company.Footage taken at a recent Coldplay show in Foxborough, Massachusetts, surfaced this week, capturing a man and woman trying to hide from a concert camera after it broadcast them on a screen in the stadium while wrapped in each other’s […]

According to a J.P. Morgan research note, President Donald Trump's efforts to pressure the Federal Reserve into cutting interest rates could risk undermining the central bank's independence, raising the risk of inflation or politically-influenced monetary policy mistakes. Trump has repeatedly urged the central bank to cut interest rates by as much as three percentage points to boost the economy and lower the cost of servicing America's more than $36 trillion national debt. […]

One of President Donald Trump's top contenders to replace Federal Reserve Chair Jerome Powell said he supports a rate cut – a move that partly aligns with Trump’s demands.Federal Reserve Governor Christopher Waller said late Thursday that the central bank should cut interest rates during its July 29-30 meeting.HOPEFULS EYEING POWELL’S JOB INTENSIFY PUSH AMID TRUMP RIFTPowell has maintained the central bank’s key borrowing rate within a range of 4.25% […]

Replacing high-fructose corn syrup with cane sugar could come at a cost, according to industry experts.Bulk high-fructose corn syrup cost about $0.35 per pound for 2025, only rising from $0.27 in 2015, and remaining fairly close to this price in the past few years, according to data from the U.S. Department of Agriculture (USDA).  In comparison, the price of refined white sugar is $1.01, which is up substantially from $0.61 […]

A federal judge has blocked construction of a 314-acre mixed-use development project in California after environmental groups filed a lawsuit arguing it would "result in a significant loss of local wetland and vernal pool habitats" and threaten species, including a rare and endangered flower. The ruling from Daniel Calabretta surrounding the proposed Stonegate Development Project in Chico states that "the Court finds that the government’s 2020 approval of the project is […]

Transportation Secretary Sean Duffy terminated $4 billion in unspent federal funding for California’s high-speed rail project Wednesday, citing around $15 billion spent without a single high-speed track laid down.The total cost of the project, estimated to be around $135 billion, could buy every resident of San Francisco and Los Angeles nearly 200 round-trip flights between the two California cities, according to an announcement Wednesday from the U.S. Department of Transportation."To the law-abiding, […]