Business

The partial government shutdown that began on Saturday morning is set to delay the release of the January jobs report that was slated for publication this week.The Bureau of Labor Statistics said Monday that the January jobs report, which was originally scheduled for release on Friday, will be delayed until after the shutdown concludes with the restoration of government funding."The release will be rescheduled upon the resumption of government funding," […]

President Donald Trump said Monday that the United States and India have agreed to a trade deal that would lower tariffs, following a phone call with Indian Prime Minister Narendra Modi.In a post on his Truth Social platform, Trump said the agreement would reduce U.S. tariffs on Indian goods from 25% to 18% and that India would move to eliminate its tariffs and non-tariff barriers on American products."The Prime Minister […]

Chevron CEO Mike Wirth detailed the company’s strategy to harness U.S. natural resources to meet soaring artificial intelligence power demand — without passing the cost along to consumers."As data centers need more and more electricity, and as we’re seeing pressure on the grid and electricity prices, we’re working to build an energy park that’s not connected to the grid, so the costs don’t flow to all consumers," Wirth told "Mornings […]

President Donald Trump's administration announced plans to begin stockpiling critical minerals on Monday, starting off the program with $12 billion in seed money, Fox News has learned.The new program, first reported by Bloomberg, seeks to insulate U.S. manufacturers from supply shortages as America seeks to lessen its reliance on Chinese materials.A White House official confirmed to Fox News that the program has been dubbed "Project Vault," and will kick off […]

Target’s new CEO, Michael Fiddelke, took over on Monday and faces the challenging task of turning around the retailer that has suffered a prolonged period of declining sales and now faces ongoing unrest in its home city of Minneapolis.Target announced in August that Fiddelke, then-chief operating officer and 20-year Target veteran, would succeed Brian Cornell in leading the embattled retailer.Cornell had been at the helm for over a decade. In […]

IBM Vice Chair Gary Cohn said President Donald Trump’s Federal Reserve nominee Kevin Warsh is uniquely positioned to overhaul the central bank, pointing to Warsh’s hands-on role during the 2008 financial crisis and his plans to return the Fed to traditional monetary and regulatory norms.Cohn made the remarks Sunday during an appearance on CBS’ "Face the Nation," where host Margaret Brennan asked him about Trump’s pick to lead the Federal […]

Costco quietly dropped a new, exclusive Nike collaboration sneaker on Friday in a surprising move that sent both customers and the resale market into a frenzy.  The Nike SB Dunk Low x Kirkland Signature Exclusive was released in select locations, Nike told FOX Business on Sunday. According to Women’s Wear Daily, the item was dropped in New York, Oregon, California and Washington for $134.99.In just three days, the resale markup of […]

Costco issued a recall notice for mislabeled bakery items that could cause allergic reactions in customers.Costco announced that one of its products, "Mini Beignets filled with Caramel," was "inadvertently packaged with Mini Beignets filled with Chocolate Hazelnut." The company said the mislabeled units contain "undeclared Tree Nuts.""If you are allergic to Hazelnuts/Filberts, do not consume this product. Please return it to Costco for a full refund," the company said in […]

SpaceX CEO Elon Musk says his company appears to have been successful in blocking Russia from making "unauthorized" use of Starlink internet systems in Ukraine on Sunday.Starlink units have supported Ukrainian forces throughout the invasion, but Russian forces have also captured many of the units as a result. Musk's company had been working to block Russian forces from utilizing the captured devices, and Ukrainian officials now say they are working […]