Business

Coca-Cola's plan to launch a soda sweetened with cane sugar later this year is a welcome boon to the small sugarcane economy in the U.S., one industry expert told FOX Business.The beverage giant announced during its earnings report on Tuesday that it plans to launch a new product made with real sugar as soon as this fall amid ongoing pressure from the Trump administration to ensure the nation’s food supply […]

Chocolate lovers may soon experience some sticker shock. The Hershey Company is reportedly raising prices across its candy portfolio.Due to an "unprecedented" increase in the cost of cocoa, prices of the chocolate maker's products will rise by a percentage roughly in the double-digits, a Hershey spokesperson said Tuesday, according to Reuters.The increase accounts for both a higher list price and changes to the weight and amount of candy in its […]

President Donald Trump announced Tuesday that the U.S. had reached a trade agreement with the Republic of Indonesia, which eliminates about 99% of the tariff barriers between the two countries when it comes to industrial and U.S. food and agricultural products sent to the island nation."It is my Great Honor to announce our Trade Agreement with the Republic of Indonesia, as represented by their Highly Respected President, Prabowo Subianto," Trump […]

White House deputy chief of staff James Blair will visit the Federal Reserve's headquarters Thursday to inspect the central bank's renovation project.The revelation, announced in a post on X, comes as President Donald Trump places the blame squarely on Federal Reserve Chairman Jerome Powell for the rising renovation costs.PHOTOS: THE FED’S $2.5B RENOVATION IRKING PRESIDENT TRUMP AND TEAMThe project to update the Fed's two main Washington, D.C., office buildings in […]

A community-owned grocery store in Kansas City, Missouri, is on the brink of closing as the concept of municipal subsidies for such stores gets more attention around the country due to the New York City mayoral race.The local government in Kansas City sought to address a so-called "food desert" — a term used to describe areas without access to full-service grocery stores that sell fresh produce, meat and other healthier options along […]

Billionaire Los Angeles Times owner Dr. Patrick Soon-Shiong announced on Monday that he would be taking the newspaper public sometime in the next year, calling it a move to democratize the paper."It's important for the paper to have the voices of all, and that's what I wanted to do, right?" he said on "The Daily Show." "Whether you're right, left, Democrat, Republican, you're an American, so the opportunity for us […]

President Donald Trump on Tuesday announced a trade deal with the Philippines. The announcement on social media came shortly after Trump met with Philippines President Ferdinand Marcos Jr., in the Oval Office. "President Ferdinand Marcos, of the Philippines, is just leaving the White House, with all of his many Representatives. It was a beautiful visit, and we concluded our Trade Deal, whereby The Philippines is going OPEN MARKET with the United States, […]

House Republicans deemed it "Crypto Week."The GOP leadership teed up myriad bills focused on regulation, and non-regulation, of cryptocurrency.It was more like cryptic week."I am tired of making history. I just want normal Congress," declared House Speaker Mike Johnson, R-La.TRUMP'S MODEST SPENDING CUTS PACKAGE SURVIVES NARROW SENATE VOTE AS SOME REPUBLICANS BREAK RANKS What Johnson referred to was the House holding open a procedural vote to begin debate on the three […]

Amid a growing standoff between President Donald Trump and Federal Reserve Chair Jerome Powell, the White House is highlighting a favorable economic report card as justification for lowering interest rates.Data compiled by the White House Council of Economic Advisers for the first six months of 2025 shows strong consumer spending, stable job growth and recovering industrial output.NEW COUNCIL OF ECONOMIC ADVISERS REPORT FINDS TARIFFS NOT CAUSING INFLATIONAt the heart of […]