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AI memory chip shortages could push consumer electronics prices higher
FIRST ON FOX: A new policy report warns that the AI data center boom could drive up the cost of laptops, smartphones, cars and other everyday products as chipmakers shift scarce memory-chip capacity toward more profitable AI applications. The report…
Atlanta woman gets 16 years for Amazon fraud and forged judge signature
An Atlanta woman who participated in a scheme that defrauded Amazon out of nearly $10 million was sentenced to over 16 years in federal prison on Wednesday, the Justice Department announced. The U.S. Attorney’s Office for the Northern District of Georgia said…
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…
Disney offers early retirement to executives ahead of restructuring
Disney is moving forward with a program allowing longtime employees in certain roles the opportunity to accept an early retirement package ahead of anticipated restructuring. The entertainment giant outlined the voluntary early retirement offer (VERO)…
Dick’s Sporting Goods slashes 2026 outlook as consumer demand falls
Dick’s Sporting Goods on Tuesday revised its 2026 outlook and warned of weakening consumer demand for athletic apparel and footwear. The sports apparel and footwear retailer’s stock declined over 29% during Tuesday’s trading session, on pace for a record…
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…