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Federal Reserve’s Warsh faces inflation pressure ahead of Jackson Hole
Federal Reserve Chair Kevin Warsh is set to deliver the first keynote speech of his chairmanship at the annual Jackson Hole Economic Policy Symposium on Friday amid uncertainty over stubborn inflation. Policymakers from the Fed and various central banks…
American ranchers facing cattle shortage as Trump vows to lower beef prices
WILLIAMSPORT, Tenn. – American ranchers are facing the smallest cattle herd in 75 years as the Trump administration rolls out a plan to lower beef prices and rebuild the herd. President Donald Trump on Friday revealed his plan to waive higher tariffs on beef…
25K pounds of frozen Buffalo chicken products recalled over inspection issue
Nearly 25,000 pounds of frozen Buffalo chicken products that were produced without the benefit of inspection are being recalled, the Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced on Wednesday. Boston-based Shanghai Ravioli…
July PCE: Fed’s favored inflation gauge remained elevated
This story about the July 2026 PCE inflation report will be updated with further details. The Federal Reserve’s preferred inflation gauge rose slightly in July as the pace of price growth remained well above the central bank’s target ahead. The Commerce…
Florida Chamber says Mamdani ad sparks business relocation inquiries
EXCLUSIVE: Just two weeks after the Florida Chamber of Commerce launched a viral Times Square ad crowning New York City Mayor Zohran Mamdani as Florida’s “Economic Developer of the Year,” corporate decision-makers are answering the call. In an exclusive…
GAO warns retirement plan providers may sell data to data brokers
A new report by the Government Accountability Office (GAO) warns Americans’ retirement plans may be sharing or selling personal information that can be used to market financial products and services. Over 126 million Americans are enrolled in…
Target apologizes for Halloween clown costume critics linked to Blackface
Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash. The costume was sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,”…
Bessent confirms Treasury auctions continue amid buyback increase
Treasury Secretary Scott Bessent said on Monday that the regularly scheduled Treasury auctions of U.S. debt are expected to continue per usual after his agency announced an increase in the size of buybacks of longer-dated securities. Bessent spoke Monday at a…
Mark Carney suspends US trade talks and announces retaliatory tariffs
Canadian Prime Minister Mark Carney suspended trade negotiations with the United States late Friday, blaming “unfair” last-minute changes to Washington’s proposed terms and announcing retaliatory tariffs against the U.S. Carney said the move comes as…
Thousands of off-road motorcycles recalled over brake defect, regulators say
Thousands of off-road motorcycles are being recalled over a braking defect that could cause serious injury or death from a crash, according to federal regulators. KTM North America Inc., of Amherst, Ohio, is recalling about 21,040 GASGAS and Husqvarna…
Mortgage rates fall to 6.65%: Freddie Mac
close video Mortgage rates fell for the second week in a row, 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 fell to 6.65% from…
Treasury Department blocks ESG funds from Trump Accounts investments
The Treasury Department on Thursday moved forward with new rules for investments in Trump Accounts that aim to exclude investment funds rooted in environmental, social and governance (ESG) criteria, FOX Business has learned. The rules restricting ESG funds…