Business

Federal Reserve governor Stephen Miran said the U.S. economy is "calling for large interest rate cuts" and warned that current monetary policy is "holding the economy back" by keeping borrowing costs too high and pushing the unemployment rate upward."I think the economy calls for large interest rate cuts to get monetary policy to neutral as quickly as we can. Monetary policy is exerting restriction on the economy. It's holding the […]

Bryson DeChambeau is a self-admitted perfectionist, and nothing he does is by accident.From his golf swing that he practices over and over and over and over again to his acting skills in "Happy Gilmore 2," the two-time U.S. Open champion isn't going to stop until all is right.Even in a recent interview with FOX Business, DeChambeau said that he doesn't feel like he overtrains and is always afraid of being […]

Homeowners could see insurance premiums jump another 16% over the next two years due to an uptick in natural disasters and rebuilding costs. The average homeowner insurance premium is expected to rise 8% in 2026, followed by another 8% in 2027, real estate analytics firm Cotality projected at an annual real estate conference.Cotality's chief data and analytics officer, John Rogers, explained that these premiums have been "rising dramatically" over the last […]

Tyson Foods announced on Friday that it will close a major beef plant in Nebraska in January amid a decline in U.S. cattle supplies.The meatpacking giant is set to close a plant in Lexington, Nebraska, with about 3,200 employees. The company also said it will scale back its operations at a beef plant in Amarillo, Texas, moving to a single, full-capacity shift in a move that will affect about 1,700 workers.Those […]

FIRST ON FOX: Ahead of the Black Friday shopping rush, the House China Committee is demanding Amazon display the country of origin for every product it sells.In a letter to Amazon CEO Andy Jassy obtained by Fox News Digital, chairman John Moolenaar, R-Mich., and ranking member Raja Krishnamoorthi, D-Ill., urged Amazon to clearly identify the origin of its products, including listing what percentage of parts are U.S.-made and whether the […]

Major U.S. airlines have prepared contingency plans – some involving extra fuel stops – during the Thanksgiving holiday travel week, after a pipeline leak disrupted jet fuel deliveries to Seattle-Tacoma International Airport.The vital Olympic Pipeline, which carries gasoline, diesel and jet-fuel from refineries in northwest Washington to terminals in Seattle and parts of Oregon, including the Seattle‑Tacoma International Airport, was shut down after a leak was discovered earlier this month. The […]

With the Los Angeles Auto Show underway, the debate over the future of electric vehicles is taking the spotlight.Many manufacturers are touting their EV offerings, even after electric vehicle sales took a steep dip in October after the $7,500 federal tax incentive expired at the end of September.EV sales declined by nearly 60% nationwide in October, according to J.D. Power, and now represent just 5.2% of total monthly new vehicle […]

EXCLUSIVE: Amazon Web Services (AWS) on Monday announced a plan to build and deploy purpose-built artificial intelligence (AI) and high-performance computing for the U.S. government for the first time.AWS' announcement includes a commitment to invest up to $50 billion to expand the AI and supercomputing abilities available to the company's customers in the federal government.The investment is set to begin in 2026 and will add nearly 1.3 gigawatts of AI and […]

Federal Reserve Governor Christopher Waller said Monday that he recently met with Treasury Secretary Scott Bessent to discuss the nation’s economic outlook, amid growing speculation he could be chosen to lead the central bank."I talked to Scott about 10 days ago and we had a great meeting," Waller told FOX Business Network's Edward Lawrence. Waller added that the conversation was "straight about economics" and that his discussions with the administration […]