Business

The U.S. economy saw modest job growth in December as employers hired at a steady pace amid economic uncertainty.The Labor Department on Friday reported that employers added 50,000 jobs in December. That figure was cooler than the expectations of economists polled by LSEG, who projected 60,000 jobs would be added for the month.The unemployment rate declined slightly to 4.4% in December. That reading was lower than economists' expectations of a 4.5% rate. […]

More than 13,000 wireless chargers sold in the U.S. at T.J. Maxx and Marshalls have been recalled over fears that they could "explode while in use," according to the U.S. Consumer Product Safety Commission.The Isla Rae-branded magnetic wireless chargers were recalled on Thursday."The chargers can explode while in use, posing a fire and burn hazard," the commission said.They were sold at T.J. Maxx and Marshalls stores across the country for […]

Construction equipment giant Caterpillar has unveiled a new artificial intelligence (AI) tool designed to improve job site safety and boost efficiency as the industry grapples with labor shortages.Speaking Wednesday on FOX Business’ "The Claman Countdown" from the Consumer Electronics Show (CES) 2026 in Las Vegas, Caterpillar CEO Joseph Creed highlighted the company's new Cat AI Assistant, which he said helps shorten training time for new operators while improving productivity and […]

What’s wrong with 5% growth? Or more?Just to reprise my New Year’s message that a Trump economic boom could deliver 5%, 6%, or even 7% growth, there are numbers out today that are uniformly stronger than even I thought. Economists take note: Mr. Trump knows the economy better than you do. And what’s wrong with 5%, or better, growth?The Atlanta Fed GDPNow for Q4, which you recall was the shutdown […]

President Donald Trump said he is directing representatives to buy $200 billion in mortgage bonds to drive down rates, blaming former President Joe Biden for what he called a broken economy marked by inflation, crime and an "American Dream" he says his administration is restoring.The comments came in a social media post Thursday in which Trump leveled a broader critique of the Biden-era economy while highlighting past decisions he said […]

"Builder-in-chief" President Donald Trump is bringing the housing market back to life, U.S. Federal Housing Finance Agency Director Bill Pulte told "Making Money" on Thursday.Trump announced Wednesday that he plans to ban institutional investors from purchasing single-family homes."I'm very confident we can resuscitate the housing market, but it's dead after what Joe Biden did," Pulte told FOX Business anchor Cheryl Casone.TRUMP ANNOUNCES PLANS TO BAN INSTITUTIONAL INVESTORS FROM BUYING SINGLE-FAMILY […]

President Donald Trump on Wednesday called for increasing next year's defense budget to $1.5 trillion, up from his prior proposal of $1 trillion which a budget watchdog is warning would add trillions to the national debt.Trump said in a post on his Truth Social platform that, after discussions with lawmakers and administration officials, he determined that "in these very troubled and dangerous times, our Military Budget for the year 2027 should […]

Fewer Americans are applying for mortgages despite lower rates — even as lending standards tighten — signaling that high prices and financial pressures are outweighing modest rate relief.For the week ending Jan. 2, mortgage applications fell 9.7% from two weeks earlier — a steep drop marking a new low to close out 2025 — according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey. That’s a roughly 10% […]

As artificial intelligence is rapidly evolving, Fox News got an exclusive look at a company helping businesses nationwide harness AI-powered robots to boost efficiency and fill labor gaps. RobotLAB, with 36 locations across the country and headquartered in Texas, houses more than 50 different types of robots, from cleaning and customer service bots to security bots.Almost every industry can use the robots, from engaging dementia patients in nursing homes and delivering […]