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Canadian business leader warns US trade uncertainty risks ‘capital chill’ amid global push
Canada’s push to expand its economic relationships around the world should not be mistaken for a retreat from the U.S., a leading Canadian business voice told FOX Business, warning that continued uncertainty over North American trade risks creating a “capital…
Mortgage rates rise to 7.03%: Freddie Mac
Mortgage rates rose to more than 7% for the first time since January 2025, 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…
Peter Schiff predicts oil prices going higher, economic ‘downturn’
Oil prices will rise even higher regardless of whether the Iran war ends, U.S. economic and political commentator Peter Schiff predicted during an interview with Fox News Digital on Wednesday, noting that he expects an economic “downturn.” Schiff, chief…
Google partners with veterans groups to help 25,000 enter skilled trades
Exclusive: Google on Thursday announced a new initiative to partner with veterans groups to help 25,000 veterans, service members and military spouses enter the skilled trades, according to an announcement viewed by FOX Business. Google’s announcement will…
Bank of America expands apprenticeship program with 1,000 new hires
Bank of America is expanding its skills-based hiring efforts, announcing Thursday that it will hire 1,000 additional apprentices over the next two years while investing $150 million in workforce development programs. The Charlotte, North Carolina-based bank…
Jaguar Land Rover recalls 23,000 SUVs over software and power defect
Jaguar Land Rover expanded an existing recall to include an additional 23,677 vehicles over an electronic system error that may lead to the loss of drive power and exterior lighting, according to federal regulators. About 23,677 vehicles are affected by the…
Richmond Fed’s Tom Barkin says inflation risks may drive more hikes
The Federal Reserve’s decision to raise interest rates last week may mark the first of several hikes aimed at taming stubborn inflation, and one central bank leader weighed in on where inflation may go from here. Federal Reserve Bank of Richmond President Tom…
FAA resumes Northeast airport operations after telecom outage
Transportation Secretary Sean Duffy said Monday evening that telecommunications lines have been repaired and airport operations across the Northeast are resuming, though travelers should continue to expect delays. “The telecom lines have been repaired, and…
Florida Chamber launches Chicago billboards targeting Gov. Pritzker
EXCLUSIVE: Whether heading into Chicago or leaving it behind on the Stevenson Expressway, commuters are driving past a new billboard campaign from Florida’s top business lobby. Expanding its multimillion-dollar recruitment campaign into the Midwest, the…
2027 Social Security COLA projected at 3.6% by AARP after CPI data
Social Security beneficiaries are expected to see a larger cost-of-living adjustment (COLA) in 2027 than they received for this year, according to new estimates that follow the release of August inflation data. By law, the annual Social Security COLA is…
FAA outage snarls flights at Newark, JFK, LaGuardia airports
An Amtrak construction crew accidentally cut a fiber-optic line in New Jersey, triggering a telecommunications outage that forced the Federal Aviation Administration (FAA) to pause flights across parts of the Northeast, Transportation Secretary Sean Duffy…
Equipment outage grounds flights at Newark, JFK and LaGuardia airports
An equipment outage has grounded planes at some major airports in New York, New Jersey and Pennsylvania on Monday, the Federal Aviation Administration (FAA) said. “The FAA is pausing flights into Philadelphia International, Teterboro and Newark Liberty…