Business

Starbucks has issued an apology to customers after the release of its limited-edition teddy bear–shaped holiday cup sparked chaos.The Seattle-based coffee giant launched its 2025 holiday menu and merchandise on Thursday, including the Glass Starbucks Bearista Cold Cup, which retails for $29.95.The collectible cup — shaped like a bear and topped with a green beanie lid — went viral online and sold out quickly, leaving fans scrambling to get their […]

U.S. consumer sentiment declined to its lowest level in more than three years and near an all-time low as households' concerns about the economic impact of the government shutdown mounted, according to new data.The University of Michigan's Index of Consumer Sentiment preliminary reading for November was 50.3, well below the 53.2 expected by economists polled by LSEG. That's the lowest level for consumer sentiment reported by the index since a reading of […]

Airline passengers aren't guaranteed refunds for certain flight disruptions. Under rules outlined by the Department of Transportation (DOT), if an airline cancels a flight or makes a major schedule change, passengers are entitled to a refund if they choose not to travel under the new terms. However, if a traveler accepts a significantly delayed or modified flight, or takes an alternative flight offered by the airline, they are not eligible for […]

Secretary of Transportation Sean Duffy told FOX Business on Friday that major U.S. airlines are "going to lose millions of dollars" after the Federal Aviation Administration (FAA) slashed flights at airports around the country due to the ongoing government shutdown. In order to reduce the strain on air traffic controllers, who have been working unpaid since the start of the shutdown over a month ago, triggering staffing issues at airports across the […]

American households' debt burdens increased to the highest level on record in the third quarter of 2025, according to a new report by the Federal Reserve Bank of New York.The New York Fed's Center for Microeconomic Data released its quarterly report on household debt and credit this week, which showed that household debt rose by $197 billion in the third quarter to a record of $18.59 trillion.Mortgage balances grew by $137 billion […]

Major League Wrestling (MLW) has grown tremendously over the last few years with the addition of superstars to its All-Star roster and the strengthening of partnerships with New Japan Pro-Wrestling (NJPW) and Consejo Mundial de Lucha Libre (CMLL).MLW founder Court Bauer told FOX Business in an interview on Thursday that their growth has allowed the company to get to a new level. Bauer said the company partnered with Panini for […]

Reserve pilots who typically assist during the busy Thanksgiving travel period are already being called into service due to the persisting delays throughout the U.S. aviation system, which could significantly exacerbate disruptions during the critical time, a pilots union spokesperson said.These pilots are limited by federal regulations on how many hours they can fly each month, so if they are used more frequently earlier in November, "that means they won’t have […]

Treasury Secretary Scott Bessent told FOX Business' Edward Lawrence that South Carolina’s new rare earth mineral processing center will help cut costs and break China’s "chokehold" on industry.In an exclusive sit-down interview, Bessent said that the plant marked a manufacturing comeback and will create jobs and ease prices as President Donald Trump’s economy takes shape."This is the first magnet made in the U.S. in 25 years — we’re ending China’s […]

Sen. Ted Cruz, R-Texas, said there is "clearly" a civil war within the Democratic Party in an interview with "Kudlow," also revealing his predictions for which top Democrats could make a 2028 White House run."Nobody's fighting on the other side," Cruz told Fox Business’ Larry Kudlow. "The radical left has taken over."The Texas senator argued that New York City Mayor-elect Zohran Mamdani — a self-described Democratic Socialist — is driving […]