Business

As the conflict in Iran intensifies with no immediate end in sight, the U.S. Department of Energy is tapping further into the nation’s emergency oil supply.On Wednesday, officials announced a plan to loan an additional 10 million barrels of crude oil from the Strategic Petroleum Reserve (SPR) — part of a 172 million-barrel drawdown that critics say could leave the U.S. vulnerable as West Texas Intermediate (WTI) crude prices climb […]

Amazon will impose new fees later this month on third-party sellers as rising oil prices tied to the ongoing war with Iran ripple through the U.S. economy, a shift that could ultimately push costs onto consumers.The company said it will begin charging a 3.5% "fuel and logistics-related surcharge" on sellers who use its fulfillment services starting April 17 in the U.S. and Canada, citing higher transportation and shipping expenses.The move […]

United Airlines is rolling out a new feature to its app that will provide users with estimated TSA security wait times as airport congestion intensifies during a partial Department of Homeland Security shutdown that has strained screening operations.The feature is launching in a pilot phase at several of the airline’s largest U.S. hub airports, including Chicago, Denver, Los Angeles and Newark, with broader expansion possible if successful.A nearly seven-week partial […]

The U.S. economy added jobs in March as the labor market rebounded after it unexpectedly shed jobs a month ago.The Labor Department on Friday reported that employers added 178,000 jobs in March. That figure was well above the expectations of economists polled by LSEG, who predicted a gain of 60,000 jobs.The unemployment rate declined slightly to 4.3%, which was slightly lower than the 4.4% projected by LSEG economists.Revisions were made to the […]

United Airlines is raising checked bag fees by $10 to $50 for travelers purchasing tickets starting Friday, the company confirmed to Fox Business on Thursday.The increase, which the airline said marks its first bag fee hike in two years, comes after JetBlue announced similar measures in late March. Customers flying within the U.S., Mexico, Canada and Latin America can expect a $10 increase on first and second checked bags, while the […]

If you have dinosaur-shaped chicken nuggets in your freezer, federal officials say you may want to check the packaging.The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) on Wednesday issued a public health alert for certain frozen, ready-to-eat chicken nuggets that may contain "unsafe levels of lead."Although the product is no longer available in stores, officials warn it could still be in freezers across the country.EINSTEIN BAGELS CREAM […]

A shift in the U.S. housing market may finally be opening the door for first-time homebuyers as improving affordability and rising inventory create new opportunities across several key regions.Jacksonville, Florida, leads the list as the top market for first-time buyers this year, followed by Birmingham, Alabama; San Antonio, Texas; Atlanta, Georgia; and Houston, Texas. Each of these cities is benefiting from a more favorable balance of home prices, available inventory and […]

Federal Reserve Bank of New York President John Williams warned that the effects of the Iran war on energy prices could spread across multiple sectors of the economy.FOX Business host Liz Claman noted during her interview with Williams Thursday on "The Claman Countdown" that gasoline is used in far more than transportation, including clothing manufacturing, asphalt and packaging."There's a pass-through of energy prices into a lot of things that we […]

Nike Inc. delivered a disappointing outlook this week, sending its shares sharply lower and prompting CEO Elliott Hill to acknowledge growing internal frustration during a company-wide call.Speaking at a Tuesday all-hands meeting, Hill told employees he is ready to move past talking about fixing the business and shift toward rebuilding momentum, Bloomberg first reported."For me, my leadership team, from each and every one of us in this room, we have […]