Business

According to sources, a stern President Trump took Fed head Jerome Powell to the woodshed yesterday in their Oval Office meeting. Of course, Mr. Trump wants the Fed to lower its target rate. And equally, of course, Powell has stubbornly avoided any policy changes. But you know what? Trump is right on this one. The latest inflation report out today shows the Fed's favorite measure, the personal consumption deflator, has risen […]

Solo and business-class travelers are paying more for airline tickets on major U.S. carriers than group travelers, according to a recent report.Flight deal analysts at Thrifty Traveler, a flight alert service, recently analyzed hundreds of daily routes and discovered that American Airlines, United Airlines and Delta Air Lines are all charging solo travelers higher fares.To illustrate their findings, they searched for a one-way United flight from Chicago's O'Hare International Airport […]

President Donald Trump lauded Elon Musk in a Friday afternoon press conference as the billionaire businessman stepped back from the Department of Government Efficiency (DOGE). The president said Musk "has worked tirelessly, helping lead the most sweeping and consequential government reform program in generations." Musk "willingly accepted the outrageous abuse and slander and lies and attacks" while working at DOGE "because he does love our country," Trump said, adding that Americans "owe […]

United Airlines CEO Scott Kirby said flights out of New Jersey's Newark Liberty International Airport this summer will be the cheapest in the airline's history as the airport recovers from air traffic control outages and faces limited capacity with one runway under construction.Kirby said passengers can expect the highest on-time performance at Newark compared to all the New York area airports this summer because the Federal Aviation Administration (FAA) reduced […]

Victoria’s Secret’s website is back online after the retailer had to take it down earlier in the week to deal with a "security incident." The lingerie retailer’s website was operational on Friday."Our website is back online and we appreciate our customers’ patience," a Victoria’s Secret spokesperson confirmed to FOX Business. "We’re happy to welcome customers back to the site and continue to serve them at our Victoria’s Secret and PINK stores."The […]

The reconciliation bill working its way through Congress would eliminate the electric vehicle tax credit created under the Inflation Reduction Act. The removal of the credit, created to incentivize U.S. consumers to purchase electrified vehicles, would likely lead to a drop in EV sales and production. However, Tesla sales would likely remain largely unaffected, one expert predicts."Getting rid of this $7,500 tax credit should not impact [Tesla] sales," automotive expert […]

FIRST ON FOX: Florida Republican Attorney General James Uthmeier has opened a formal investigation into Florida hospitals that could potentially be violating state law and federal transparency rules with predatory pricing practices. "President Trump's Make America Healthy Again [MAHA] agenda requires that hospitals provide patients with transparent pricing," Uthmeier said in a statement Friday. "My office is going to help the president deliver on his mandate.""That's why I've issued subpoenas to […]

EXCLUSIVE: A top Republican congressman who has advocated for swift, yet peaceful ends to Latin American dictatorships spoke to Fox News Digital after news broke that the Trump administration will allow Chevron to maintain its assets in Venezuela.Rep. Carlos Gimenez, R-Fla., previously celebrated President Donald Trump’s original move to reverse a deal forged by former President Joe Biden and the regime of Caracas’ dictator Nicolás Maduro that permitted the Texas […]

We're here at the Reagan Library in Simi Valley, California for the inaugural meeting of the Reagan National Economic Forum. But first up, I believe it's necessary to celebrate the memory and the achievements of Ronald Reagan, who I believe was by far the most consequential president in the second half of the 20th century. And indeed, he will go down as one of the greatest presidents in U.S. history. Reagan […]