Business

President Donald Trump has reportedly been gifting Florsheim dress shoes to top administration officials, turning the 134-year-old brand into an unexpected status symbol inside the White House.Trump has surprised some Cabinet members, White House advisors and members of Congress with the shoes – sometimes even guessing their sizes and instructing staff to place the orders. The president personally pays for the footwear, The Wall Street Journal reported.At Cabinet meetings, Trump […]

The escalating conflict in Iran may no longer be contained to the Middle East, as it threatens to deliver a direct hit to the American pocketbook.As oil prices surge and global flight paths are redrawn, international carriers are already raising fares. While U.S. airlines have not yet raised prices, a new analysis warns a double-digit fare increase could be imminent for domestic flyers.With jet fuel one of the largest expenses […]

FOX Business is celebrating small businesses that have been the backbone of American excellence with a campaign in honor of America's 250th anniversary that will award three winners $25,000 each, the network announced Thursday. FOX Business' "Made in America" contest participants can apply online with a video or written entry at SmallBusinessAwards2026.com. Submissions and nominations will be taken on the website until March 30. The three winners will also be featured in […]

Washington state lawmakers on Wednesday passed a so-called "millionaires tax," a move criticism said could lead to an exodus of high-income earners.The State Senate passed the measure with a day left in the 2026 legislative session, following a hotly contested 24-hour marathon in the State House. The bill would impose a 9.9% tax on income over $1 million for individuals or couples in a household.The funds generated from the tax would […]

President Donald Trump said that America benefits when oil prices increase because the nation is the world's biggest oil producer, but added that he considers blocking Iran from obtaining nuclear weapons to be more important."The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money," the president said in a Thursday Truth Social post. "BUT, of far […]

General Motors has issued a recall affecting more than 17,000 vehicles over a rear toe link fracture that increases the risk of a crash.The recall from General Motors applies to about 17,050 Buicks due to a rear toe link fracture that can cause loss of vehicle control, increasing the collision risk, the National Highway Traffic Safety Administration (NHTSA) said in a recall report.Certain 2012–2013 Buick Regal Turbo and GS trim-level […]

Florida is facing its worst drought in 25 years, intensifying pressure on a citrus industry already battered by disease, hurricanes and rising costs.According to the U.S. Drought Monitor, 100% of the state is experiencing some level of drought, with more than 75% in extreme drought conditions. The dry spell is adding new financial strain for growers who rely heavily on irrigation to sustain crops.Florida accounts for 17% of the nation’s citrus […]

Papa John’s International is reportedly reviewing a new proposal to take the company private in a potential $1.5 billion acquisition, according to Reuters. Irth Capital Management, a Qatari-backed investment fund supported by Brookfield Asset Management, reportedly submitted the proposal on Wednesday, offering $47 per share, a 44% premium over the stock’s most recent closing price.Following the announcement, the stock surged by a significant 15%, closing around $38.86. The bid comes after Papa […]

Iran warned the United States Wednesday that oil prices could soar to $200 a barrel as escalating U.S. and Israeli strikes against the country continue to rattle global energy markets. To prevent what could be one of the worst oil shocks since the 1970s, the U.S. announced that Washington, along with the International Energy Agency (IEA), will soon release a historic volume of oil from its emergency reserves.If oil prices reach […]