Business

The latest inflation data from the Labor Department showed that price increases continued at a steady pace in February, though some items saw notable price hikes or declines.The Bureau of Labor Statistics found that the consumer price index (CPI) rose 2.4% from a year ago in February, a figure that was in line with the expectations of economists polled by LSEG and unchanged from January's reading.Core CPI inflation – a figure which […]

A projectile hit a Thai-flagged cargo ship off the coast of Oman in the Strait of Hormuz, setting it on fire.The Iranian regime reportedly claimed responsibility for striking the ship, the Mayuree Naree. The Omani navy was assisting in rescuing crew members amid the blaze, according to Thailand’s Marine Department. Iran has been targeting commercial shipping vessels through the strategic passageway amid tensions surrounding the global energy sector. U.S. Central Command […]

Small Business Administrator (SBA) Kelly Loeffler unveiled a sweeping fraud crackdown on Wednesday, announcing an audit of a decades-old $50 billion program she said has "never been looked at" and barring 112,000 borrowers from future aid over COVID-era loan fraud."There are dozens of programs across this government that need to be reviewed," Loeffler said on "Mornings with Maria.""I found a program that we had in our agency about 50 years […]

As the U.S. enters its fifth year of inflation running above the Federal Reserve’s 2% target, major retailers are responding to softer demand and increased competitive pressure.With consumer sentiment in 2026 divided and the cost of living remaining a top concern among Americans, Target announced Wednesday that it will reduce prices on more than 3,000 items."Busy families are thinking about value as they begin to update their homes and wardrobes […]

Former Starbucks CEO Howard Schultz and his wife announced they’ve moved to Florida for their "retirement phase," leaving Washington state after nearly half a century.Schultz shared the news in a post on LinkedIn, recounting how he, his wife Sheri, and their golden retriever Jonas, made the move from New York City to Seattle 44 years ago."We were starting a new life," Shultz wrote, recalling how Sheri would be their primary […]

A federal appeals court on Monday officially finalized the termination of the Saving on a Valuable Education (SAVE) plan, the Biden program that significantly lowered repayment rates for millions of student loan borrowers.The judgment, issued by the U.S. Court of Appeals for the 8th Circuit, reverses a lower court’s February dismissal of a Republican-led legal challenge against the SAVE plan. That ruling was issued by Judge John Ross of the […]

President Donald Trump on Tuesday announced America First Refining (AFR) is opening the first new U.S. oil refinery in nearly half a century in Brownsville, Texas.Situated in a massive deep-water foreign trade zone, the project will leverage advanced infrastructure and strategic rail and sea connections to transport low-carbon fuels and other energy products."America is returning to REAL ENERGY DOMINANCE!" Trump wrote in an announcement on Truth Social. "THIS IS A […]

The Federal Aviation Administration (FAA) announced Monday that it selected eight proposals for a new pilot program testing new advanced air mobility and electric vertical takeoff and landing (eVTOL) aircraft in 26 states.Transportation Secretary Sean Duffy and the FAA unveiled the pilot program, known as the Advanced Air Mobility and eVTOL Integration Pilot Program (e-IPP), which will center on eight projects in 26 states.The futuristic aircraft can run on electric or […]

It wasn’t pixie dust in the air Tuesday when a backstage chemical reaction at Disneyland sent five cast members to hospitals.The incident happened Tuesday afternoon when materials being used by a contractor produced a reaction in a backstage area of the Anaheim, California, theme park, a Disneyland spokesperson confirmed to Fox News Digital. According to the Anaheim Fire Department, firefighters responded to a report of an unknown odor in the backstage […]