Business

The CEOs of two of America's largest banks discussed how President Donald Trump's tariffs and other factors are impacting the economy and markets with the release of their quarterly earnings reports on Friday.JPMorgan Chase CEO Jamie Dimon and Wells Fargo CEO Charlie Scharf each discussed Trump's tariffs in letters included with their firms' respective earnings reports on Friday. Dimon, who wrote in a letter to shareholders earlier in the week that tariffs are […]

A top Siemens AG executive from Spain, along with his wife and three children, have been identified as being among the six victims who died when a helicopter plunged into New York City's Hudson River on Thursday. The helicopter's 36-year-old pilot also perished.Agustin Escobar worked for the German global technology company for more than 27 years, most recently as global CEO for rail infrastructure at Siemens Mobility, a Siemens spokesperson told […]

Corporate bankruptcies among U.S. companies increased in the first quarter to their highest level since 2010, new data showed.S&P Global Market Intelligence reported that from January through the end of March, there were 188 bankruptcies filed among large U.S. companies, an increase from 139 bankruptcy filings in the first quarter of 2024, which was a 14-year high at the time.The 188 bankruptcies in the last three months are the most in […]

The CEO of Eos Energy on Thursday discussed the battery-making company bringing its manufacturing back to the U.S. several years ago and competing with China with FOX Business’ Jeff Flock.Eos Energy brought the manufacturing of its "long duration energy storage (LDES) systems" back to the U.S. from China in 2018. The battery maker now produces its batteries in Turtle Creek, a city located in Pennsylvania’s Monongahela Valley. "We not only innovated […]

Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell slightly to 6.62% from last week's reading of 6.64%. The average rate on a 30-year loan was 6.88% a year ago."The average 30-year fixed-rate mortgage continues to trend down, remaining under 7% for the twelfth consecutive week," said […]

President Donald Trump and his administration's negotiation blitz with dozens of nations after pausing reciprocal tariffs will solidify him as the U.S.'s "deal-maker-in-chief" as he focuses on bringing parity to the country's chronic trade deficit, administration officials told Fox Digital. On Wednesday, Trump put a 90-day pause on reciprocal, customized tariffs he had imposed on dozens of nations, which was an abrupt change of course after saying there would not be […]

For Flags of Valor – a veteran-owned and operated business that has shipped more than 96,000 flags to doorsteps nationwide – the phrase "made in America" lies at the foundation of everything it stands for."For over 10 years, we’ve been saying the same thing – we build American products, on American wood, with American tools, made by American hands," Flags of Valor founder and military veteran Brian Steorts told FOX […]

President Donald Trump is looking to give coal a lift with executive orders he inked on Tuesday.In one of the executive orders, the president instructed the National Energy Dominance Council’s head to "designate coal as a ‘mineral’ under Executive Order 14241," a measure Trump signed in March that the White House said at the time would "boost American mineral production" and "streamline permitting."  Reclassifying coal as a mineral "opened up the […]

The Department of Government Efficiency (DOGE) on Wednesday said that it discovered tens of thousands of unemployment claims for improbably old and young claimants were approved in the years after 2020.Elon Musk's group wrote in a post on X that its initial review of unemployment insurance claims since 2020 revealed a significant number of unemployment claims from people over 115 years old and between the ages of 1 and 5.DOGE said that […]