Business

Once again, the inflationistas who are really rooting against new Fed head Kevin Warsh have been proven wrong. The June inflation numbers went negative. The July inflation numbers did almost the same thing. Consumer prices were basically flat, and producer prices the same.I don’t really think much of the producer price index the way it’s been reconfigured by the Bureau of Labor Statistics, but anyway it was flat, 0.0 percent, […]

Tyson Foods announced Thursday that it will close two facilities and is pursuing the sale of a third as it makes "strategic changes" to its beef business.The company will end operations at its Joslin, Illinois, beef plant and its Eagle Mountain, Utah, case-ready facility, while pursuing a sale of its Pasco, Washington, beef facility, according to a Tyson Foods news release."Tyson Foods will anchor its beef business around three strategically […]

Mortgage rates fell for the first time in six weeks, 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 fell to 6.67% from last week's reading of 6.69%. The average rate on a 30-year loan was 6.58% a year ago.SLOWING LABOR MARKET CREATES NEW HURDLE FOR FIRST-TIME HOMEBUYERS FACING AFFORDABILITY SQUEEZE"Housing affordability has improved from a […]

China’s increasingly aggressive activity around Taiwan and other flashpoints in East Asia could trigger a wider conflict even if Beijing is not prepared to launch a full-scale invasion, according to a China expert.Gatestone Institute senior fellow Gordon Chang joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss China’s military posture toward Taiwan and the risk that confrontations involving U.S. allies could spiral into a broader war.Chang argued that […]

A group of nine pharmacy benefit managers (PBMs) announced Thursday that they will work with an industry group to boost the transparency of prescription drug pricing through the TrumpRx platform.FOX Business exclusively learned that the Pharmaceutical Care Management Association (PCMA) and nine PBMs reached an agreement to showcase the cash price of prescriptions from TrumpRx within their benefit tools. The agreement aims to give patients better visibility into the cost […]

Ford is preparing to expand U.S. production of Lincoln vehicles as the automaker moves toward ending imports from China for American customers, a move Commerce Secretary Howard Lutnick highlighted while discussing the Trump administration's push to expand domestic manufacturing.Lutnick joined FOX Business' Larry Kudlow on "Kudlow" to discuss the Trump administration's auto tariffs and efforts to expand domestic manufacturing."They're bringing their manufacturing home," Lutnick said. "Ford is going to rock […]

Flock Safety, the embattled AI-powered security camera operator, announced an overhaul to its privacy and security measures Thursday amid growing backlash from consumers and reports of law enforcement abuse. As public backlash to the company's growing network of automated license plate readers (ALPRs) continues to build, the company announced a new set of reforms that includes enhanced privacy protections, strengthening of control for local law enforcement offices and enhanced accountability measures.To […]

Tesla is planning to build a massive solar cell factory in Texas that it expects to cost $10.1 billion, according to documents the company filed with the state.Dubbed Project Crystal Sun, the site would sit just outside Houston in Fort Bend County, according to the documents.In its pitch to state regulators, Tesla said if Texas rejected the project, it would "miss the opportunity to attract billions of dollars in investment, […]

Home Depot CEO Ted Decker is taking a temporary medical leave of absence, the company announced on Wednesday.The home improvement retailer expects Decker, who also serves as chair and president, to return "within the next few months," according to a Home Depot news release.During his absence, Senior Executive Vice President Ann-Marie Campbell will oversee Home Depot’s day-to-day operations. Chief Financial Officer Richard McPhail will oversee Home Depot's financial management and […]