Business

Two days of market carnage wrapped up one of the most volatile weeks for U.S. stocks since 2020, the height of COVID, as U.S. tariffs and retaliation spook global investors. The S&P 500 slipped deeper into correction territory, falling 5.9% on Friday. A similar pattern for the Dow Jones Industrial Average, which lost 2,231 points or 5.5%. And the Nasdaq Composite entered a bear market, off 20% from its December high, […]

President Donald Trump's tariffs on U.S. trading partners are leading stocks on Wall Street to tumble, and concerns are rising about their effect on the broader economy.However, experts say it is still uncertain how they will affect consumers' wallets. Economists warn that levying taxes on imported goods will lead to price increases for consumers that could push inflation higher and complicate the Federal Reserve's efforts to stabilize the pace of […]

American shrimpers were pleased to see President Donald Trump unveil his latest round of tariffs this week.The president on Wednesday announced plans for new tariffs on goods imported from foreign countries. The new measures include a baseline levy of 10% on foreign imports and "individualized reciprocal higher" tariffs on certain countries, the White House said.Leann Bosarge, the COO of Bosarge Boats, told FOX Business’ Lydia Hu on Friday that the tariffs […]

A new study released by Michael Mische, a professor at the University of Southern California’s Marshall School of Business, concluded that policies play a significant factor in higher gas prices in the state, whereas the governor’s office and others argue that price-gouging is still a critical factor."Based on 30 to 50 years of data, the primary conclusion from this study is that California’s high gasoline prices and supply dilemmas are, […]

Sen. Josh Hawley, R-Mo., is urging President Donald Trump's Justice Department to investigate the nation's top credit-scoring company for abusing its "monopoly" over the industry.The Fair Isaac Corporation (FICO) has repeatedly raised prices in recent years and secured massive profits while facing little competition, Hawley wrote in a letter to Assistant Attorney General Gail Slater Friday, adding that former President Joe Biden's administration had ignored his earlier calls for scrutiny."FICO […]

President Donald Trump on Friday extended a deadline for TikTok's Chinese owner to sell the app to an American buyer or have the platform shut down in the U.S. "My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress. The Deal requires more work to ensure all necessary approvals are signed, which is why I am signing an Executive Order to keep […]

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 […]