Business

U.S. Treasury Secretary Scott Bessent detailed an aggressive campaign of economic "asphyxiation" against Iran, warning that the Trump administration could strip banks, firms or other entities that do business with the regime of access to the U.S. dollar-based financial system.During a fireside chat with FOX Business’ Larry Kudlow on Tuesday at the G20 Finance Ministerial in Asheville, North Carolina, Bessent said the U.S. had identified the Islamic Revolutionary Guard Corps’ […]

The Trump administration, which struck a deal with Venezuela last week to use a substantial amount of the country's oil, will be working with Alejandro Betancourt López as the agreement takes shape over the coming weeks.Betancourt López, 46, is the CEO of North American Blue Energy Partners (NABEP), Venezuela's second-largest private oil producer. Over the past decade, he has been investigated by multiple countries, including the United States, over alleged money […]

A Missouri farmer is calling for greater transparency about where Americans’ beef comes from, while a Kentucky lawmaker is pushing Congress to give smaller, local meat processors more freedom to compete. Rep. Thomas Massie, R-Ky., joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss rising beef prices, imported beef and his push to remove federal barriers for small meat processors."There's only four meat processors there. Monopoly, oligarchy, if you […]

Florida drivers may soon see fewer high-tech eyes monitoring their highway commutes after state officials ordered local police to strip automated license plate readers from state roads, dealing a blow to private surveillance vendors like Flock Safety while drawing a hard boundary against what Gov. Ron DeSantis warns is an expanding "digital AI surveillance state.""If you want to get in your car and you want to go down to Buc-ee's […]

New York isn't just losing residents — it's losing some of the people who help power its economy.As New York continues to see residents move to other states, former New York Gov. George Pataki is warning that entrepreneurs, financial leaders and major donors are increasingly heading for the exits.Pataki joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss the state’s outmigration, its business climate and the policies he […]

Northwest Naturals is recalling nearly 2,000 pounds of raw cat and dog food after federal testing found salmonella and listeria monocytogenes contamination in two chicken products distributed nationwide.The Portland, Oregon-based company is voluntarily recalling 53 cases, or 1,272 pounds, of Northwest Naturals Frozen Chicken Recipe and 19 cases, or 684 pounds, of Northwest Naturals Frozen Raw Diet for Dogs Chicken Recipe, according to a company announcement posted Friday by the […]

Target is expanding its push into higher-end beauty with a new specialty-style concept that the retailer says is part of its broader effort to return to growth.The Minneapolis-based retailer said Target Beauty Studio will launch Sept. 10 in more than 600 stores nationwide and on Target.com, bringing together more than 1,600 products from 90 prestige, emerging and international brands. More than two-thirds of the brands will be new to Target.The […]

President Donald Trump's administration announced a "historic" crackdown on trucking fraud during a news conference in Detroit on Monday.Transportation Secretary Sean Duffy announced the move alongside Homeland Security Secretary Markwayne Mullin, saying tens of thousands of illegal drivers' licenses were issued during former President Joe Biden's administration.Duffy noted that millions of illegal immigrants were allowed into the country under Biden and many were granted commercial drivers' licenses, with many of […]

A fuel supplier is suing a New Jersey distributor and its president, alleging they failed to pay for gasoline that was later sold through stations in the Trump-promoted Freedom Fuel Network.Mansfield Oil Company filed the lawsuit against KRSM Inc. and its president, Syed Kazmi, on Aug. 19 in the U.S. District Court for the Eastern District of Pennsylvania. Mansfield alleges KRSM obtained approximately 150 loads of fuel from its account […]