Business

The Trump administration’s budget office told FOX Business Wednesday that it is canceling $1.5 billion in blue-state grants, citing concerns about how funds are being managed in California, Colorado, Illinois and Minnesota.The Office of Management and Budget (OMB) said it will target projects at the Department of Transportation (DOT) and the Centers for Disease Control and Prevention (CDC), cutting $943 million and $602 million, respectively.An OMB spokesperson told the New […]

Chrysler is recalling more than 450,000 vehicles and more than 2,000 tow-trailer modules over a brake light failure that could raise the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA).The recall affects 456,287 vehicles and an additional 2,871 tow-trailer modules, the NHTSA said in a pair of notices Monday.The affected vehicles contain the faulty modules, which the agency said were improperly designed.TOYOTA RECALLS 161K TUNDRA […]

A major distributor in the gun and outdoor sporting goods industry has filed for bankruptcy.Big Rock Sports, LLC, a key supplier serving tens of thousands of retailers across the U.S. and abroad, has filed for Chapter 7 bankruptcy liquidation in the U.S. Bankruptcy Court for the Eastern District of North Carolina, according to court documents obtained by FOX Business.The North Carolina–based company reported more than $100.9 million in liabilities, compared […]

Southwest Airlines will debut a new ad during the Super Bowl poking fun at its former open seating policy.The ad, "Boarding Royale," will air on Peacock and broadcast and local cable channels in six markets, including San Diego, Chicago, Denver, Austin, Dallas and Honolulu, during the big game Sunday, according to a Southwest news release.The ad, which appears set in a forest, features numerous guests running to get to their […]

Lots of smart people think President Trump and the Republicans have a very steep uphill climb if they expect to win the midterms, especially the House. Newt Gingrich thinks if the election were today the GOP would lose. I’ve been exhorting GOP leaders to tout the red-hot economy with numbers and repetition, as often as possible, at every campaign stop.More positive numbers came out today for the Institute for Supply […]

Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts' estimates amid growth in advertising revenue from the company's news networks and sports programming.The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and above the LSEG estimate of $5.06 billion. Distribution revenues were up 4% in the quarter, driven mainly by 5% growth in […]

The Atlanta Journal-Constitution (AJC) announced Tuesday that it would be laying off newsroom employees along with other staff across the company, according to the outlet.About 50 positions will be cut as part of the layoffs and roughly half are newsroom positions, according to the AJC, which is 15% of the paper's total staff."We’ve made these difficult decisions because we believe they will best position us to continue to accelerate the […]

Eddie Bauer stores could be next on the chopping block. Catalyst Brands, which owns the license to operate Eddie Bauer stores across North America, is preparing to file for bankruptcy protection, a source close to the matter told Fast Company.The filing could cause the company to shutter all of its North American stores, the person said. Catalyst Brands also oversees Lucky Brand, Aéropostale, Nautica, Brooks Brothers and JCPenney, and has not yet […]

Love may be in the air this Valentine’s Day — along with the smell of hash browns — as Waffle House dims its signature yellow lights at select locations for its annual candlelit tradition.This year marks the 18th annual Valentine’s Day dinner event, with reservations available at 218 Waffle House locations in 22 states, offering a budget-friendly alternative to traditional Valentine’s dining at a time when consumers remain price-conscious amid […]