Business

Sam's Club is about a month into delivering "hot baked pizza" to members' doors. The retail giant, owned by Walmart, said it got into the pizza delivery business following member feedback."Since launching pizza delivery in late May, we’ve been encouraged by the strong response from members," a statement from a Sam's Club spokesperson to FOX Business said. "Early performance has exceeded expectations, with robust demand, high repeat order rates, and enthusiastic feedback […]

The U.S. housing regulator directed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset for single-family mortgage loan risk assessments. Federal Housing Finance Agency (FHFA) Director William Pulte said in a social media post on Wednesday that he ordered government-sponsored enterprises, which play a critical role in the home financing industry, to "prepare their businesses to count cryptocurrency as an asset for a mortgage." Pulte said the move aligns with […]

Mortgage rates fell for the fourth consecutive week to the lowest level since early May, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.77% from last week's reading of 6.81%.The average rate on a 30-year loan was 6.86% a year ago.HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS […]

The Trump administration on Wednesday, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels.The Treasury Department identified cartels that have "exploited Mexico-based financial institutions to move money," which Treasury Secretary Scott Bessent said enables the "vicious fentanyl supply chain that has poisoned countless Americans."TRUMP ADMIN SANCTIONS EL CHAPO'S CHILDREN, VIOLENT FENTANYL-TRAFFICKING CARTEL […]

Money could be coming the way of some AT&T users through a significant settlement that stemmed from lawsuits about a pair of data breaches the company experienced. The settlement that AT&T reached, worth $177 million, received preliminary approval from the U.S. District Court for the Northern District of Texas late last week.The preliminary approval order from the court said the company is setting up a $149 million pool of money for […]

On Wednesday morning, the world’s epicenter of capitalism woke up to find it might soon have a socialist mayor.Democratic socialist Zohran Mamdani’s stunning win over former Gov. Andrew Cuomo in the New York City Democratic primary for mayor shocked Wall Street. Some of the world’s most influential and powerful financiers were left grasping to understand what Mamdani’s victory would mean for their industry—and whether they would leave the city."It’s officially […]

FIRST ON FOX: House Oversight Committee Chair James Comer, R-Ky., is investigating whether federal actors played any role in "debanking" conservatives, widening his probe into alleged political discrimination by financial institutions."The Committee on Oversight and Government Reform is investigating the improper debanking of individuals and entities based on political viewpoints or involvement in certain industries such as cryptocurrency and blockchain," Comer wrote to the U.S. Office of the Comptroller of […]

Charlotte City Council in North Carolina voted Monday to remove Tesla from its list of approved vehicle manufacturers for municipal use, with one supportive member citing alleged "safety issues."Councilwoman LaWana Mayfield, who led the effort, has favored such a move for weeks, according to WCNC.The 11-member board with nine Democrats voted 6-3 in favor of removing the Elon Musk-owned company from the list of more than a dozen approved vendors […]

New York Assemblyman Zohran Mamdani's victory in the Democratic Party's primary for the New York City mayoral nomination has put his economic policies in the forefront as he aims to run the nation's most populated city.Mamdani, 33, is a Democratic member of the state assembly representing Queens who is also a member of the Democratic Socialists of America as well as the Working Families Party.Mamdani's platform focused on a number […]