President Donald Trump is set to travel to China this week for a summit with Chinese President Xi Jinping that comes as the relationship between the world’s two largest economies is disrupted by ongoing trade disputes and emerging technology. Trump’s meeting with Xi in Beijing on May 14-15 comes amid…
Amazon is rolling out 30-minute delivery across dozens of U.S. cities, marking its fastest shipping option yet as the retail giant continues to accelerate its push into ultra-fast fulfillment. The new service, called Amazon Now, will deliver thousands of items — including groceries, household essentials and electronics — to customers’…
Passengers aboard Disney Cruise Line’s Disney Adventure say their four-night Singapore sailing was canceled after boarding due to technical issues, leaving families waiting hours for answers before being sent to hotels late at night. Guests had already embarked on the May 7 voyage when the ship’s captain reportedly told them…
The CEO of Saudi Arabia’s state-owned oil company is warning that the energy sector will take time to recover from the Iran war’s impact on supply as oil output was slashed due to the ongoing disruptions to shipping in the Strait of Hormuz. Saudi Aramco CEO Amin Nasser said on…
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Discount retailer Burlington is planning to open more than two dozen stores in 20 states this month as the company…
New Disney CEO Josh D’Amaro outlined a new growth strategy for the entertainment giant as the company announced its quarterly…
A lawyer for Spirit Airlines said Tuesday that the surge in jet fuel prices left the company with “no remaining…
Gary Shilling, the legendary forecaster known for his bearish accuracy and being fired from Merrill Lynch for predicting the 1969-70…
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As the U.S. approaches its 250th anniversary, small businesses remain a cornerstone of the American economy, employing nearly half of the private sector workforce and powering communities across the country. On Staten Island, that story is playing out in real time for restaurant owner Rob…
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Several U.S. restaurant chains are reporting weaker than expected sales growth in the latest quarter as high gasoline prices squeeze consumers’ budgets. Gas prices have surged amid the war in Iran, with average gas prices reaching $4.45 a gallon around the country, an increase of about 41% in the last…
Budget airlines are seeking help from the federal government amid the surge in jet fuel prices that prompted Spirit Airlines to cease operations after its bankruptcy exit plan faltered and a possible federal aid package failed to materialize. Spirit on Saturday announced “with great disappointment” that it started an orderly…
In a tribute to the grit and sacrifice that built the nation, FOX Business is kicking off Small Business Week by crowning three companies that embody the American spirit as the winners of the first “Made in America” contest. Marilyn’s (Lakeside, Ohio)Marilyn Burns, 82, has owned and operated her local…
The Justice Department confirmed its active investigation of potential antitrust violations in U.S. cattle and beef markets, reviewing more than 3 million documents and interviewing industry participants as federal officials scrutinize whether highly concentrated meatpacking power has contributed to high beef prices. The four largest beef processors control more than…
The IRS’ taxpayer advocate issued a notice that tens of millions of American taxpayers may be entitled to refunds or reduced penalties and interest due to the postponement of filing deadlines during the COVID-19 emergency declaration. The National Taxpayer Advocate said in a post on Thursday that refunds or abatements…
close video President Donald Trump said on Friday that the U.S. gave Spirit Airlines a final bailout proposal to aid the beleaguered carrier. Trump said, “we’re driving a tough deal,” and that “if we could do it, we’d do it. But only if it’s a good deal. He also said…
President Donald Trump said on Friday that the U.S. gave Spirit Airlines a final bailout proposal to aid the beleaguered carrier. Trump said, “we’re driving a tough deal” and that “if we can help them, we will.” He said an announcement would be coming soon.The budget airline most recently sought…
The AAA national average price for regular gas soared more than nine cents higher in one day, surging from $4.30 as of Thursday to $4.392 as of Friday. The current figure is a whopping $0.333 higher than the week-ago average price of $4.059, according to AAA. The year-ago average for…
Mortgage rates ticked slightly higher this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.3%, up from 6.23% last week. The average rate on a 30-year loan was 6.76% at this…
The U.S. national debt has now surpassed the size of the U.S. economy, a historic threshold that hasn’t been crossed since the conclusion of World War II. Data released by the Bureau of Economic Analysis on Thursday showed that the national debt held by the public reached $31.27 trillion as…
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