Business

White House National Economic Council Director Kevin Hassett is expecting inflation to fall further by the end of the year as energy prices ease and economic growth continues to accelerate.Hassett joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss inflation, energy prices, artificial intelligence investment and the broader outlook for the U.S. economy.Hassett pointed to falling Treasury yields and what he described as strong underlying economic momentum as […]

The Congressional Black Caucus is pressuring major corporations across the country to publicly oppose Republican-led congressional redistricting efforts that critics say could weaken Black political representation following a recent Supreme Court ruling on the Voting Rights Act.According to a letter obtained by The Associated Press, the caucus urged more than 250 companies to condemn ongoing redistricting efforts in several GOP-led states and disclose political donations tied to lawmakers backing the […]

BP abruptly removed Chairman Albert Manifold on Tuesday, citing "serious concerns" tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant.The company said Manifold, who had served as chairman for just eight months, was removed effective immediately after the board unanimously concluded he should no longer remain in the role."This follows serious concerns raised to the board related to important governance standards, oversight […]

Ferrari, the iconic Italian sports car brand, has unveiled its first fully electric vehicle, but the car is going to be out of most people's price range.The Wall Street Journal reported that the starting price would be 550,000 euros in Italy, which amounts to around $640,000.Fox News Digital reached out to the auto company on Tuesday.FERRARI BRINGS BACK LEGENDARY TESTAROSSA NAME WITH 1,050-HORSEPOWER PLUG-IN HYBRID BEAST"The Ferrari Luce is the first […]

A recall issued by Hyundai could impact more than 421,000 vehicles after the National Highway Traffic Safety Administration (NHTSA) discovered a software bug.The software issue in the front cameras may cause the forward collision-avoidance system to activate prematurely. This means the brakes could unexpectedly be applied, potentially causing a crash, according to the announcement."The Forward Collision Avoidance ("FCA") system in the subject vehicles may exhibit increased sensitivity to forward object […]

The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month.Data from Realtor.com found that nationally, the share of active listings that carry a price reduction was at 16.7% in April – a figure that is elevated compared with historical trends but is actually lower than a […]

Sen. Bernie Sanders, I-Vt., warned Sunday that artificial intelligence (AI) and robotics could replace American workers and even damage children’s social development if the technology is controlled by billionaires prioritizing profits over people.Speaking at a "Fight Oligarchy" rally in Maine, the Vermont independent argued that AI could deepen economic inequality and worsen an ongoing mental health crisis among young people."Kids are lonelier and lonelier," Sanders said. "I do not want […]

A popular raw dog food brand is expanding a recall of dozens of products over fears they may be contaminated with Listeria monocytogenes, a potentially deadly bacteria that can sicken both pets and humans, federal officials warned Friday.Raaw Energy's recall impacts frozen dog food products manufactured between July 17, 2025, and Dec. 23, 2025, along with one batch of "Beef and Turkey Medley" dated March 31, 2026, according to a […]

Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area."All GYG USA restaurants permanently closed," a message on the company’s U.S. website says. "Effective from May 22nd, GYG USA restaurants will cease trading. Thank you for your support."The chain also announced the move on Instagram, thanking customers […]