Business

Kevin Hassett is signaling he’s ready to shake up the Federal Reserve.In an interview with FOX Business’ Larry Kudlow on Tuesday, the National Economic Council director – and Fed chair frontrunner – openly hinted he would overhaul key parts of the Federal Reserve and scrutinize everything from the Fed’s research divisions to its regional presidents."The point is the Fed should be focused on monetary policy and to try to stay […]

Cracker Barrel warned during the company's earnings call on Tuesday that its turnaround is moving at a slower pace than hoped after the company was mired in controversy over the summer after an attempted rebrand angered consumers.Cracker Barrel CEO Julie Masino acknowledged that first-quarter results "were below our expectations amid unique and ongoing headwinds" that "our recovery will take time," as the company's teams work to regain momentum."As you are all […]

President Donald Trump said Tuesday he would consider eliminating federal taxes on gambling winnings, a move that would expand his administration’s push to reduce taxes on everyday income, including tips and overtime.When asked during an Air Force One gaggle if he would potentially nix the tax on gambling earnings, Trump said he’d keep the option open."We have no tax on tips, we have no tax on Social Security and we […]

If presidents have the right to hire, that should give them a symmetrical equal right to fire, without going through a hullabaloo entanglement of deep state bureaucracies and left-wing judges. Just because the Supreme Court made a huge mistake almost 100 years ago during FDR’s new deal that gave authority to all his commissions and bureaucrats, doesn’t mean we have to continue and abide by a long, lost, mistaken era.On […]

Auto parts retailer AutoZone is planning to continue to expand its portfolio of brick and mortar locations as the auto industry faces higher prices.AutoZone said that in the quarter that ended on Nov. 22, the company opened 39 new stores in the U.S., along with 12 in Mexico and two in Brazil for a net 53 new stores. As of that date, AutoZone had 6,666 stores in the U.S., plus […]

When it comes to what Americans can afford, no institution looms larger than the Federal Reserve.The nation’s central bank, commonly known as the Fed, doesn’t set the price of groceries or cars, but it does influence how expensive it is to borrow money. Right now, borrowing is costly. High interest rates mean larger monthly payments on mortgages, car loans and credit cards, even if the price of a home or vehicle […]

Small business optimism ticked higher in November despite economic uncertainty and challenges finding suitable workers in the labor market, according to a new report by the National Federation of Independent Businesses (NFIB).The NFIB Small Business Optimism Index increased 0.8 points in November to 99, remaining above its 52-year average of 98. Six of the 10 components of the index increased, while three declined and one was unchanged.An increase among small […]

FIRST ON FOX: A nonprofit organization that advocates for the protection of free markets is urging the U.S. Treasury Department not strike any trade or investment agreements with Latin American countries unless they block digital taxes or regulations that would undermine U.S. companies. Public Policy Solutions sent a letter to Treasury Secretary Scott Bessent Tuesday claiming that protectionist measures seen in Europe that unfairly target U.S. companies are spreading to Central […]

John Deere’s top finance chief pushed back gently on President Trump’s claim that regulations alone are driving up tractor prices, saying the true path to lowering costs for America’s farmers lies in cutting-edge tech — from AI weed detection to digitized acres — that can save growers money long before the rule books change."There's plenty of opportunity to continue to support our farmer customers and to make them more profitable […]