Business

According to a J.P. Morgan research note, President Donald Trump's efforts to pressure the Federal Reserve into cutting interest rates could risk undermining the central bank's independence, raising the risk of inflation or politically-influenced monetary policy mistakes. Trump has repeatedly urged the central bank to cut interest rates by as much as three percentage points to boost the economy and lower the cost of servicing America's more than $36 trillion national debt. […]

One of President Donald Trump's top contenders to replace Federal Reserve Chair Jerome Powell said he supports a rate cut – a move that partly aligns with Trump’s demands.Federal Reserve Governor Christopher Waller said late Thursday that the central bank should cut interest rates during its July 29-30 meeting.HOPEFULS EYEING POWELL’S JOB INTENSIFY PUSH AMID TRUMP RIFTPowell has maintained the central bank’s key borrowing rate within a range of 4.25% […]

Replacing high-fructose corn syrup with cane sugar could come at a cost, according to industry experts.Bulk high-fructose corn syrup cost about $0.35 per pound for 2025, only rising from $0.27 in 2015, and remaining fairly close to this price in the past few years, according to data from the U.S. Department of Agriculture (USDA).  In comparison, the price of refined white sugar is $1.01, which is up substantially from $0.61 […]

A federal judge has blocked construction of a 314-acre mixed-use development project in California after environmental groups filed a lawsuit arguing it would "result in a significant loss of local wetland and vernal pool habitats" and threaten species, including a rare and endangered flower. The ruling from Daniel Calabretta surrounding the proposed Stonegate Development Project in Chico states that "the Court finds that the government’s 2020 approval of the project is […]

Transportation Secretary Sean Duffy terminated $4 billion in unspent federal funding for California’s high-speed rail project Wednesday, citing around $15 billion spent without a single high-speed track laid down.The total cost of the project, estimated to be around $135 billion, could buy every resident of San Francisco and Los Angeles nearly 200 round-trip flights between the two California cities, according to an announcement Wednesday from the U.S. Department of Transportation."To the law-abiding, […]

The House of Representatives on Thursday passed a trio of bills related to cryptocurrency regulations.The three bills passed along bipartisan lines despite fierce opposition from Rep. Maxine Waters, D-Calif., the top Democrat on the House Financial Services Committee.Waters called the bills "a full-scale crypto con" and accused Republicans of trying to enrich President Donald Trump, who has promoted an eponymous digital currency called $TRUMP. The Guiding and Establishing National Innovation for […]

A Washington, D.C.-based federal judge on Thursday ruled against the Trump administration over the firing of Federal Trade Commission (FTC) member Rebecca Slaughter.Slaughter, who was appointed to the independent board in 2021, was axed along with fellow member Alvaro Bedoya in March. The pair represented the Democratic minority in the five-member commission. Following the firings, both Bedoya and Slaughter released public statements announcing their intention to file lawsuits, claiming their firings […]

Gristedes Supermarkets CEO John Catsimatidis had harsh words Thursday for Zohran Mamdani and the city-owned grocery stores the New York City mayoral candidate has been proposing. While appearing on "America Reports," Catsimatidis called Mamdani a "great guy" but said the mayoral candidate "doesn’t know what the heck he’s talking about" and "knows nothing about business.""He is a created character, and we have the highest cost in the country, highest energy cost, […]

NEW YORK, NY – A Donald Trump Jr.-backed online gun retailer went public on the New York Stock Exchange on Wednesday and the president’s son spoke to FOX Business about what that means for Second Amendment advocates in the United States.Trump Jr. along with his business partner, Omeed Malik, helped take GrabAGun public on Wednesday in a move Trump’s son told FOX Business symbolizes the repudiation of anti-gun "woke" policies that […]