Business

Nearly 600 economists have signed an open letter voicing support for Federal Reserve Governor Lisa Cook, emphasizing the importance of protecting the central bank’s independence from political pressure.The signatories — including Nobel laureate Joseph Stiglitz and former Chair of the Council of Economic Advisers Jared Bernstein — warn that attempts to undermine Cook’s position could erode confidence in one of the nation’s most critical economic institutions.COOK’S POTENTIAL EXIT HANDS TRUMP […]

Salesforce has cut 4,000 customer support jobs and replaced them with artificial intelligence (AI) agents, CEO Marc Benioff said recently. Benioff made the comments while discussing how the new technology is impacting the $248 billion computer software company’s headcount during an appearance on "The Logan Bartlett Show" podcast that was published on Friday."I was able to rebalance my headcount on my support," Benioff said. "I’ve reduced it from 9,000 heads to […]

McDonald’s CEO Chris Kempczinski warned of a "two-tier economy" as the fast-food giant brought back its Extra Value Meals this week in hopes of capturing budget-conscious consumers. Kempczinski made the remark during an appearance on CNBC as McDonald’s announced it will offer eight meal bundles at breakfast, lunch and dinner, each costing 15% less than buying the items separately. "Particularly, with middle- and lower-income consumers, they’re feeling under a lot of pressure […]

Once again, lawfare from activist judges strike again, as the largely democratic Washington, DC Appeals Court is upholding a largely democratic trade court decision, standing in the way of Mr. Trump’s reciprocal fair trade initiative, which is so central to Trump policy.I'm the non-lawyer, but it seems to me that the President’s tariff plan has been well-received through a series of brilliant deals with allies around the world, who understand the […]

The Ryder Cup is just weeks away, and the PGA of America tapped an American-based golf manufacturer to make a statement with Team USA’s equipment for the matchup against Team Europe. Swag Golf, headquartered in Northbrook, Illinois, is known for its creatively bold designs on its precision-milled putters, headcovers and more. Working alongside U.S. Ryder Cup captain Keegan Bradley, Swag Golf designed the Ryder Cup Team bag that epitomizes American pride. CLICK HERE […]

Nuclear energy, left for dead over the past thirty years or so, is back. "There has been a huge policy shift globally and there is now bipartisan support for nuclear, and we need it," Jan VanEck, CEO of the firm that bears his name, told FOX Business’ Liz Claman. The rise of artificial intelligence and the increasing popularity of cryptocurrency will continue to push electricity consumption to record highs in 2025 and […]

Amazon Prime's free shipping perk will be restricted to household members only starting next month as the shopping juggernaut phases out the "Prime Invitee program."The program, which allowed Amazon Prime members to share their shipping benefits with people outside their household that didn't have a membership, will end on Oct. 1, according to the company's website. An Amazon spokesperson confirmed to FOX Business that it is ending the Invitee program, which […]

Constellation Brands lowered its outlook for its current fiscal year as consumer demand for beer weakened, particularly for high-end beer purchases, amid a "challenging" economic climate.Constellation, which is the U.S. importer of Corona and Modelo, revised its net sales forecast for beer downward to a decline of 2% to 4%, after its prior outlook showed growth being flat to positive in the 0% to 3% range. It cited incremental macroeconomic headwinds […]

Fast-food giant McDonald's is doubling down on its value deals to capture budget-conscious shoppers.   The "Golden Arches" announced on Tuesday that it is bringing back Extra Value Meals, which haven't been on the menus since 2019, as a menu category. The company said it will offer eight meal bundles at breakfast, lunch, and dinner, each costing 15% less than buying the items separately.MCDONALD'S CEO: CALIFORNIA MINIMUM WAGE HIKE DRIVING LABOR INFLATIONThe […]