FIRST ON FOX: Cracker Barrel is highlighting a series of changes the restaurant chain has implemented in the wake of aggressive backlash from customers in recent weeks, ranging from a throwback in biscuit preparation to the elimination of Diversity, Equity and Inclusion (DEI) programs. Cracker Barrel is poised to announce…
On Tuesday, the Bureau of Labor Statistics (BLS) published a revision of its latest job numbers, a report that shows just how far off its estimates of overall employment were from reality. The latest data just confirms what many already suspected—that the situation is worse than we thought. There’s something…
Oracle’s stock surge has pushed co-founder Larry Ellison’s net worth higher by tens of billions of dollars the last two days and puts him ahead of Tesla CEO Elon Musk as the richest person in the world. The software giant’s stock surged in after-hours trading following an earnings release that featured…
Buy now, pay later company Klarna is making its long-awaited initial public offering on Wednesday after raising $1.37 billion. The Swedish firm priced its IPO at a higher-than-expected $40, above the $35 to $37 expected range, valuing the company around $15 billion.COSTCO ROLLS OUT BUY NOW, PAY LATER FOR BIG…
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Things have never been better for the U.S. crypto industry, and the Winklevoss twins, Tyler and Cameron, have a roadmap…
Shares in the manufacturer of Tylenol plunged on Friday following a report that Health and Human Services (HHS) Secretary Robert F.…
Constellation Brands lowered its outlook for its current fiscal year as consumer demand for beer weakened, particularly for high-end beer…
Nuclear energy, left for dead over the past thirty years or so, is back. “There has been a huge policy…
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Home prices are rising, which is boosting American homeowners’ net worth – though those gains may be eroded by stubbornly high inflation. Data from Realtor.com showed that median home listing prices were up 0.5% in July from a year ago, though the outlet noted in…
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Treasury Secretary Scott Bessent on Wednesday said that he doesn’t think the Bureau of Labor Statistics (BLS) needs to pause monthly jobs report releases because of instances of large revisions in the data in subsequent reports. Bessent was interviewed on “Bloomberg Surveillance” and he was asked about comments made by Heritage Foundation…
The U.S. Food and Drug Administration (FDA) may not renew the Emergency Use Authorization for the Pfizer-BioNTech COVID-19 vaccine for children under the age of five, the company said. The possible move would pull the only available coronavirus vaccine for young children from the market. “We are currently in discussions with…
GE Appliances is investing more than $3 billion over the next five years to expand its U.S. operations, aligning with the Trump administration’s efforts to bring manufacturing back to American soil. The investment is the second-largest in the company’s history and will support the expansion of its air conditioning and…
The U.S. national debt surpassed $37 trillion for the first time in the nation’s history on Friday as the federal government continues to accumulate debt at a record-setting pace. New data from the Treasury Department released showed that the gross national debt hit $37,004,817,625,842.56 on Tuesday afternoon.The $37 trillion debt…
Kodak announced in a Securities and Exchange Commission (SEC) filing on Monday that there was “substantial doubt” about the company’s ability to stay in business. The company plans to pay off some of its debt and preferred stock using money it expects to get back from its pension plan. The…
Spirit Airlines warned Tuesday that it may not make it through another year, citing concerns over its ability to raise enough cash, despite having successfully restructured its debt and emerging from bankruptcy just months ago. The beleaguered low-cost carrier said in a Securities and Exchange Commission (SEC) filing that it…
President Donald Trump’s executive order directing financial regulators to include alternative investments in retirement plans like 401(k) funds could change the makeup of Americans’ investment portfolios. Trump signed the executive order on Thursday, and the White House provided a fact sheet directing the Labor Department to reconsider its guidance on alternative assets…
Inflation increased in July and moved further away from the Federal Reserve’s target rate as central bank policymakers assess the health of the economy amid the president’s calls for interest rate cuts. The Bureau of Labor Statistics on Tuesday said that the consumer price index (CPI) – a broad measure…
General Motors will restart work on its driverless-vehicle program, a year after shelving production of the Cruise Origin robotaxi when one struck and dragged a woman about 20 feet. GM confirmed the news in a statement to FOX Business on Monday.”We’re accelerating the development of autonomous driving technology capable of…
Federal Reserve Governor Michelle Bowman said in a speech over the weekend that she still sees three interest rate cuts this year after the Fed’s monetary policy panel left rates unchanged at their meeting in late July. Bowman, who serves as the Fed’s vice chair for supervision, spoke Saturday at…
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