Business

President Donald Trump is considering renewing his push to fire Federal Reserve Governor Lisa Cook over mortgage fraud allegations amid an ongoing legal debate over the president's ability to remove members of the independent central bank, FOX Business has learned.The White House is seeking a response from Cook within the next three weeks about the allegations that the administration leveled against her last year. White House Personnel Office Director Dan Scavino […]

The C.L.A.S.S. Soiree Steakhouse located in Hollywood, Florida, welcomes diners to fully disrobe and eat a meal in the nude on the first Monday of each month.While guests arrive wearing clothes, they're free "to drop their clothes" after arriving at the restaurant, Tasheba Hart, who hosts the monthly events, told Fox News Digital during an interview on Wednesday while sitting alongside Chef Maurad Ali, the owner of the establishment.Hart said […]

America’s most expensive ZIP code has officially returned to California, as the artificial intelligence stock surge has catapulted Silicon Valley’s ultra-exclusive Atherton past Miami’s tax-free paradise of Fisher Island.But while deep-pocketed tech titans are willing to fork over nearly $10 million for modest Northern California properties, real estate experts say the move signals a high-stakes trade-off: Buyers aren't staying in the Golden State for its tax climate or resort lifestyle […]

The U.S. economy unexpectedly shed jobs in July amid headwinds caused by elevated inflation and uncertainty over the Iran war's economic impact.The Bureau of Labor Statistics on Thursday reported that employers cut 23,000 jobs in June. That figure was well below the estimate of economists polled by LSEG, who estimated 80,000 jobs would be added.The unemployment rate dipped to 4.1%, which was also below the estimate of 4.3%.BLS TOOK STEPS TO FIX […]

As restaurant chains pull back in California amid rising labor costs and the state's $20 fast-food minimum wage, Freddy's Frozen Custard & Steakburgers CEO Chris Dull is betting bigger on the Golden State, arguing it gets a "bad rap" as a place to do business."I feel like California gets a bad rap. It's hard to find markets that offer you the same level of densities that you see in and […]

Mortgage rates rose this week, 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 climbed to 6.69% from last week's reading of 6.66%. The average rate on a 30-year loan was 6.63% a year ago.A TALE OF TWO HOUSING MARKETS: LUXURY DEMAND SURGES AS AFFORDABILITY SQUEEZES STARTER-HOME BUYERS"While mortgage rates continue to influence affordability, the housing […]

Billionaire investor Bill Ackman warned that New York City’s rent freeze, tax policies and limits on development could worsen the city’s affordability crisis by discouraging construction and investment.In a wide-ranging interview with Fortune published Wednesday, the Pershing Square Capital Management founder argued that government policy is driving up housing and energy costs in New York."The answer isn’t socialism – socialism is a disaster," Ackman said. "Watch what happens to New […]

When financial anxiety spikes, the impulse to aggressively pay off a car loan or mortgage seems like a bulletproof step toward financial freedom, but credit repair expert and influencer Micah Smith warns that suddenly paying off those loans can actually backfire and drag down your credit score.Instead, turning around a credit score — sometimes taking a profile from the 400s into the 700s in just one month — comes down […]

Professional sports teams and leagues have gotten in bed with sports gambling websites, and now, perhaps the most famous sports team in the entire world has gone another step.The New York Yankees and Polymarket announced Thursday a deal in which the site has become the team's official prediction market partner for the rest of the season."We are excited to begin a relationship with Polymarket — Major League Baseball’s prediction market […]