Federal investigators are examining a crash in which two Amazon Prime Air delivery drones struck a construction crane in Tolleson, Arizona, a city west of Phoenix, on Wednesday. Tolleson police said the morning crash occurred in a commercial area near 96th Avenue and Roosevelt Street, according to FOX 10 Phoenix.The…
The ongoing partial government shutdown prevented the Labor Department from releasing the anticipated September jobs report as scheduled on Friday, causing economic data watchers to turn their attention to alternative sources to gauge labor market conditions. The Bureau of Labor Statistics’ September jobs report was expected to show the economy added…
Mortgage rates have climbed for the second straight week, despite the Federal Reserve delivering its first interest rate cut in nearly a year, underscoring that a range of factors influence borrowing costs. Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed mortgage rose to 6.34%, up…
Cracker Barrel is ending its partnership with Prophet, the consulting firm behind its failed rebrand. The chain faced intense backlash after unveiling a new logo and redesigned stores that longtime fans said stripped away what they loved most about the brand.Cracker Barrel’s restaurants, long known for their kitschy Americana décor,…
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A listeria outbreak affecting certain recalled prepared meals sold at Trader Joe’s and Walmart has led to four deaths as well…
Boeing is reportedly developing a new single-aisle airplane that will eventually replace its 737 Max aircraft, which has faced a…
A listeria outbreak affecting certain recalled frozen meals sold at Trader Joe’s and Walmart has led to four deaths as well…
German aviation group Lufthansa is cutting 4,000 administrative jobs over the next five years as it seeks to raise profitability…
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Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for steak and ground beef. The Bureau of Labor Statistics’ consumer price index report…
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Amazon is set to pay a historic $2.5 billion settlement after it was accused of enrolling customers in Prime subscriptions without their consent and making it hard to cancel. The Federal Trade Commission (FTC) announced the settlement on Thursday and said that Amazon will pay a $1 billion civil penalty,…
Mortgage rates rose this week for the first time since mid-July, 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% from last week’s reading of 6.26%. The average rate on a 30-year…
Metros in Virginia, Colorado and North Carolina with younger, more mobile populations stand to benefit the most as mortgage rates drift into the low 6% range, according to a new report from Realtor.com. The Federal Reserve announced the first interest rate cut of the year last week with policymakers lowering its…
Construction on a U.S. offshore wind project has resumed after a federal judge ruled that Denmark’s Orsted may move forward, even as the Trump administration’s broader legal effort to permanently block the project remains ongoing. The ruling, handed down on Monday, is a legal setback for President Donald Trump. Attorneys…
The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter. The Bureau of Economic Analysis (BEA) on Thursday released its third and final estimate of second-quarter GDP, which showed the economy grew at…
Lithium Americas stock surged on Wednesday following a report that the Trump administration is pursuing a 10% stake in the mining firm as the White House looks to intervene in industries deemed critical to national security. A source familiar with the negotiations told FOX Business that Lithium Americas has agreed to…
Operations are back up and running at United Airlines after a brief ground stop due to a technological issue. The short-lived stop lasted an hour on Wednesday after the airline requested the Federal Aviation Administration (FAA) pause departures at U.S. and Canadian airports. It is the second time in two…
The $500 billion Stargate project with the aim of giving the U.S. an edge in the artificial intelligence (AI) race is moving forward following the announcement of five new AI data center sites revealed on Tuesday by the companies investing in the project. OpenAI, Oracle and SoftBank unveiled new data center…
Securities and Exchange Commission (SEC) Paul Atkins said Tuesday that the Trump administration’s plan to open 401(k) retirement accounts to private market investments would give ordinary Americans safe access to opportunities that are currently restricted. Atkins said that the SEC will work with the Labor Department to broaden access to investments…
Following 25 years of what oil and gas executives categorize as hostility to the industry, the state is now making a play to keep those companies from leaving. Concerned with the exodus of oil and gas companies, refinery closures and the expensive price of gasoline in the state, California Gov.…
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