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Business

December inflation data will be 'extremely muddy' economists warn

The Labor Department is set to release the December consumer price index (CPI) on Tuesday, which is expected to show inflation remaining elevated abov...

Business

Recall of cheese products upgraded to highest danger level over Listeria-causing bacteria: FDA

The Food and Drug Administration announced that a recall of cheese products has been upgraded to the most serious risk category after testing positive...

Business

Federal Reserve Chair Powell under criminal investigation over HQ renovation

The U.S. attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, focusing on the...

Business

Federal Reserve Chair Powell under criminal investigation over HQ renovation, report

The U.S. attorney’s office for the District of Columbia has opened a criminal investigation into Federal Reserve Chair Jerome Powell, focusing on the...

Business

K-Cup billionaire sells Palm Beach waterfront mansion for just over $66M after steep price cut

K-Cup billionaire Robert Stiller sold his waterfront mansion in Palm Beach, Florida, for roughly $66.14 million, just a few years after snapping up th...

Business

Consumer sentiment rises above expectations in January but remains below last year's level

Consumer sentiment ticked higher in early January despite lingering concerns about inflation and a weak labor market, according to the latest release...

Business

Trump set to interview this final candidate before naming next Fed chair

Treasury Secretary Scott Bessent said President Donald Trump has one more interview to do before naming America's next leader at the Federal Reserve.S...

Business

Former Intel CEO warns US chip comeback still has long way to go

Intel unveiled new chip manufacturing milestones this week, but former Intel CEO Pat Gelsinger said the United States still has a long way to go to re...

Business

California wealth tax proposal hemorrhages $1T as billionaires flee

Venture capitalist Chamath Palihapitiya says California’s proposed billionaire tax is accelerating an exodus of ultra-wealthy residents, a shift he ar...

Business

Federal judge delivers Mamdani early legal setback on housing market intervention

A federal judge blocked New York City Mayor Zohran Mamdani's effort to intervene in the sale of thousands of rent-stabilized rental properties on Thur...

Business

Novo Nordisk executive reports high interest for once-daily, oral weight-loss pill

Wegovy’s oral version of its injectable weight-loss drug is seeing tremendous interest, Novo Nordisk executive Dave Moore told FOX Business on Friday....

Business

Costco to open new warehouse under affordable housing development in South Los Angeles

Costco is planning to open a new Los Angeles warehouse beneath an affordable-housing complex, marking a creative expansion strategy for the retail gia...