Business

A member of the Federal Reserve panel that makes decisions about monetary policy said that he favors keeping interest rates at their current level to prevent strong levels of economic activity spurring a resurgence of inflation.Federal Reserve Bank of Kansas City President Jeffrey Schmid said that, in his view of the economy, growth is solid and inflation is still elevated relative to the Fed's 2% target – so monetary policy should remain […]

After months of investigation and negotiations, Texas Attorney General Ken Paxton announced Wednesday that WK Kellogg Co. "Kellogg’s" will permanently remove toxic dyes from its cereals.In a historic legal agreement, Paxton and Kellogg’s signed an Assurance of Voluntary Compliance (AVC), which certifies that the company commits to removing artificial food colorings from its cereals by the end of 2027. While other companies have verbally committed to removing food dyes, Kellogg’s is […]

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 chief economist EJ Antoni, who has been nominated as BLS commissioner, that the agency should suspend issuing the monthly report and […]

U.S. Treasury Secretary Scott Bessent didn’t shy away from talking about Federal Reserve politics and an ongoing fiscal power shift during a recent interview on FOX Business’ "Kudlow.""The important thing to remember is, we have two seats. So, there's the seat for the chair, and then there will be another appointee joining, so we actually get two appointments and President Trump will have a majority of the board in D.C.," […]

New Jersey residents are facing huge spikes in energy costs this year, and rising outrage is leading to speculation that it could cost the state's Democratic leaders in upcoming elections.Most New Jersey households were hit with a 17-20% rate hike starting in June, approved by New Jersey's Board of Public Utilities. Garden State residents who spoke with Fox News correspondent CB Cotton expressed shock and confusion when they saw their […]

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 the agency on potential paths forward and have requested that the EUA for this age group remain in place for the […]

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.TREASURY'S BESSENT SAYS US IS ‘NEVER GOING TO DEFAULT’ AS DEBT LIMIT DEADLINE LOOMSThe $37 trillion debt milestone comes less than eight months after the […]

Disney recently teamed up with the Navy Morale, Welfare and Recreation (MWR) organization to give America's men and women in uniform a "fantastic" experience.Troops serving in Djibouti were given special screenings of "The Fantastic Four: First Steps," which included pre-recorded greetings by executive producer Grant Curtis from Marvel Studios.DISNEY FINALLY GETS IT RIGHT AS BELOVED 'LILO & STITCH' JOINS BILLION-DOLLAR CLUBIn true Disney fashion, the process of getting the film […]

EXCLUSIVE — A United Nations watchdog organization is calling on the World Bank to terminate the employment of its Senior Country Economist in Tunisia, Massimiliano Cali. U.N. Watch Executive Director Hillel Neuer claims that Cali’s social media posts violated his neutrality obligations as a World Bank employee. "If this was just one or two infractions, that would be one thing. But this is someone who has embraced Hamas and acted as their […]