Business

JPMorgan suggested that the chance of a recession substantially increased due to President Donald Trump's tariff announcement this week, according to a copy of a report provided to Fox News Digital on Friday.The report, headlined "There will be blood" and dated April 3, warns, "these policies, if sustained, would likely push the US and possibly global economy into recession this year. An update of our probability scenario tree makes this […]

In a move that follows through on the company's previous commitment announced in January, Meta is set to officially end its third-party fact-checking on its U.S. platforms on Monday, April 7.The parent company of Facebook, Instagram and Threads will turn off fact-checkers' ability to rate new content, meaning no new fact-checks will appear on content in America. Instead, "Community Notes" will reportedly replace the fact-checking system."We believe this is a […]

Subway is now offering foot-long nachos at its U.S. restaurants through a team-up with Doritos. The chain, known for its foot-long sandwiches, announced the launch of Doritos Footlong Nachos on Thursday, saying the new snack will only stay on Subway menus "for a limited time while supplies last." Like their name suggests, Subway’s footlong nachos use Doritos — specifically the Nacho Cheese flavor — for the chips. They are also "layered with […]

General Motors is planning to boost production of light-duty trucks in the U.S. as the industry addresses challenges tied to President Donald Trump's latest round of auto tariffs.The major automaker is adding several hundred temporary workers to maximize production of light-duty trucks at its Fort Wayne, Indiana, assembly plant, the company told FOX Business. "We continuously update and revise production schedules as part of our standard process of evaluating and aligning […]

President Donald Trump’s announcement of reciprocal tariffs has put the world on edge, with foreign leaders forming their responses. Some are threatening retaliation, while others are looking to negotiate better deals for their countries.Billionaire investor Bill Ackman is sending a clear message to world leaders hoping to strike a deal with the U.S.: Don’t wait too long.CHINA THREATENS TO RETALIATE AFTER TRUMP TARIFF WAVE CRASHES"My advice to foreign leaders is […]

President Donald Trump imposed sweeping reciprocal tariffs on the majority of countries that trade with the U.S. "Reciprocal? That means they do it to us, and we do it to them. Very simple. Can't get any simpler than that. This is one of the most important days, in my opinion, in American history. It's our declaration of economic independence," he said Wednesday. On Thursday, U.S. stocks sold off sharply on the developments.WHAT […]

Vice President JD Vance on Thursday discussed the economy and the Department of Government Efficiency’s (DOGE) work in a wide-ranging interview on "FOX & Friends." The vice president sat down with "FOX & Friends" co-host Lawrence Jones on Thursday morning, one day after President Donald Trump unveiled a 10% tariff on imported goods from foreign countries and "individualized reciprocal higher" tariffs on certain countries, marking the latest levies that the president […]

Chinese officials are threatening to retaliate after President Donald Trump imposed sweeping sanctions across virtually all U.S. trading partners on Wednesday.Trump unveiled his reciprocal tariff plan at a Wednesday event, smacking China with a 34% tariff on imports to the U.S. in addition to the blanket 10% tariff the Trump administration applied on all countries."The U.S., under the guise of ‘reciprocity,’ has imposed tariffs on products from multiple countries, including […]

Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell slightly to 6.64% from last week's reading of 6.65%. The average rate on a 30-year loan was 6.82% a year ago."Over the last month, the 30-year fixed-rate has settled in, making only slight moves in either direction," said […]