Business

Lumber is in the spotlight as the National Association of Home Builders (NAHB) and the U.S. Lumber Coalition disagree over what’s behind the U.S. housing market slump.FOX Business correspondent Kelly Saberi reported Monday that the NAHB has pointed to tariff uncertainty and lumber prices as being partly responsible.The U.S.’s current anti-dumping and anti-subsidy duty on imported Canadian softwood lumber stands at 14.5%. It could potentially climb later in the year to […]

Marriott International CEO Anthony Capuano shared some insight on budget travelers during a Monday appearance on "The Claman Countdown." He told host Liz Claman that Marriott International’s lower-income consumers "continue to prioritize travel, but they want to do it at a more thrifty price point," citing spending data the company has through its credit card relationships. That has driven Marriott International to "push so strongly over the last two years into the […]

A federal judge in Washington state is temporarily blocking the Trump administration from terminating collective bargaining rights for TSA employees.Judge Marsha Pechman issued the preliminary injunction on Monday after the American Federation of Government Employees (AFGE) challenged an order from the Department of Homeland Security (DHS).The unions are accusing the Trump administration of engaging in "an unlawful and unilateral termination of a negotiated union contract that protects approximately 47,000 Transportation […]

Disney is cutting hundreds of employees across several TV and film teams as the company focuses on expanding its streaming services. Employees in the marketing for film and television, as well as TV publicity, casting and development, and corporate financial operations will be impacted by the cuts, a spokesperson for Disney told FOX Business. The spokesperson said the company will continue to evaluate ways to efficiently manage the businesses "while fueling the […]

Mon, 02 Jun 2025 10:22:22 -0400[image]Stocks are lower on Monday, the first trading session of June, on renewed trade tensions.The Dow Jones Industrial Average fell 300 points, or 0.6%, while the S&P 500 and Nasdaq Composite were down 0.4% and 0.3%, respectively.China said on Monday that President Donald Trump's accusations that Beijing had violated the consensus reached in Geneva trade talks were "groundless", and promised to take forceful measures to […]

Leading a company is a significant and often difficult job. One perk of that responsibility is sizable compensation for being a CEO. A new analysis from The Wall Street Journal revealed which CEOs heading up S&P 500 companies had the biggest pay packages in 2024.The Journal said its analysis looked at MyLogIQ data to rank a total of more than 400 CEOs who had been at the helm of S&P 500 companies […]

Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on its debt as the federal government faces a looming deadline to address the debt limit this summer.Bessent appeared on CBS News' "Face the Nation" and was asked about the tax package that Republicans in Congress are advancing, which includes a $4 trillion increase in the debt limit – enough to push the debt ceiling out roughly […]

China has accused the U.S. of undermining the trade agreement between the two countries that was established during a Geneva meeting in May.The U.S. and China announced a 90-day détente that involved reduced tariffs last month, but less than a month later, both are accusing each other of running afoul of the deal.According to a translation of the Chinese Ministry of Commerce's website, a ministry spokesperson said that after the […]

Slim Jim will become a ring sponsor on "Monday Night Raw" as WWE announced the renewal of their partnership on Monday.WWE and Slim Jim reunited in 2023 and featured advertisements with wrestling superstars LA Knight and Bianca Belair. Knight even drove the Slim Jim car after he won the Slim Jim Battle Royal at SummerSlam in 2023. Slim Jim became the official meat snack of WWE at the time.CLICK HERE […]