Business

Experts warn New York City mayoral candidate Zohran Mamdani’s proposed housing agenda could further strain rental affordability in the Big Apple.The plan, aimed at tackling the tag team crisis of affordability and housing, includes an immediate freeze on more than 2 million rent-stabilized apartments. "Economists — whether they are on the right or on the left — essentially are in universal agreement, that when the government implements price controls in the rental […]

An undeclared allergen has prompted a recall of some lots of Wegmans semi-sweet chocolate nonpareils. The recalled 18.5-ounce tubs of chocolate candy "contain undeclared milk allergen" that did not appear on packaging, according to an allergy alert published Monday by the Food and Drug Administration (FDA).The recall was issued by Mellace Family Brands California, Inc. The recalled nonpareils went to Wegmans Food Markets locations in eight states — Delaware, Maryland, Massachusetts, North […]

Federal Reserve Chair Jerome Powell on Tuesday said that the central bank has held off on cutting interest rates due to concerns about tariff-induced price hikes on consumers, adding that the Fed likely would've cut rates this year if not for those tariff worries.Powell participated in a panel discussion about monetary policy at the European Central Bank Forum in Portugal with the leaders of other prominent central banks, including the European […]

One of the thorniest points emerging in President Donald Trump's massive tax and spending bill is the state and local tax deduction, also known as SALT. In the "big beautiful bill," there is a provision that will temporarily lift the SALT deduction from $10,000 to $40,000 for households with an income of $500,000 a year.The SALT deduction was capped at $10,000 during Trump’s first term by the Tax Cuts and Jobs Act of […]

The notorious cybercriminal group dubbed "Scattered Spider" is now targeting the airline sector, the Federal Bureau of Investigation (FBI) warned.The FBI posted on X that the group relies on "social engineering techniques, often impersonating employees or contractors to deceive IT help desks into granting access" and frequently involves methods to bypass multifactor authentication (MFA), such as convincing help desk services to add unauthorized MFA devices to compromised accounts. "They target large […]

FIRST ON FOX: The Department of Labor is proposing 63 deregulatory actions, including several related to cutting back on diversity, equity and inclusion efforts, building on 37 similar actions taken during the first Trump administration by the department."One of President Trump’s very first actions was directing his cabinet to dismantle the mountain of outdated rules that have held back American workers and businesses for far too long," Secretary of Labor […]

The complete expulsion of an artificial intelligence (AI)-related amendment in President Donald Trump's "big, beautiful bill" is supposedly a big win for American families, businesses and the administration itself, according to one legal watchdog group."The removal of the 10-year and 5-year AI moratorium from Trump’s bill is a major victory," Article III Project President and founder Mike Davis told Fox News Digital on Tuesday. "We don’t need to degrade ourselves […]

It was rumored that 13,000 pairs of Caitlin Clark's new Nike basketball sneakers were being sold on June 30 – and they were gone before people could even add them to the cart.A Nike rep told FOX Business that the Kobe Bryant-themed sneakers were out of stock "in minutes."Clark last year signed an eight-year shoe deal with Nike reportedly worth $28 million. The brand signed her in 2022.CLICK HERE FOR […]

Republicans' so-called "one big, beautiful bill" package of tax cuts and spending provisions would aim to address a shortfall in the Pell Grants program, as well as expand access to the program for students enrolled in workforce education programs.The federal Pell Grant program is designed to provide low-income students with funding to enroll in post-secondary education with grants awarded based on a student's financial need and course load. The nonpartisan Congressional Budget Office […]