Business

As the Trump administration has put housing affordability in the spotlight recently, one of the president’s top economic advisors unveiled how Americans might be able to use 401(k) funds for a home down payment."The typical monthly payment about doubled for an ordinary family buying an ordinary home. And the down payment they needed to buy a home went from about $15,000, to about $32,000. And so there's a real lot […]

Exclusive: BlackRock executive Rick Rieder discussed several key issues, including the profitability of the Federal Reserve, during an interview for the top job at the central bank, senior administration sources told FOX Business.Other topics discussed during the meeting with Rieder, the chief investment officer of global fixed income at BlackRock, included the importance of monetary policy stability and U.S. debt dynamics, the sources said.The interview was conducted in the Oval […]

A recall of Frigidaire-branded minifridges has been expanded to 964,000 units after multiple reports of the product catching fire, according to the U.S. Consumer Product Safety Commission.Canada-based Curtis International initially recalled 634,000 minifridges last summer but added 330,000 of another model to the alert Thursday.The recalled minifridges have electrical components that can short-circuit and ignite the plastic used to make the product, presenting fire and burn hazards.45 SICKENED WITH SALMONELLA […]

Coinbase CEO Brian Armstrong revealed why the cryptocurrency giant chose to withdraw support for a key Senate crypto bill during an interview on "Mornings with Maria.""It just felt deeply unfair to me that one industry [banks] would come in and get to do regulatory capture to ban their competition," Armstrong told FOX Business. "They should have to compete on the level playing field, and I genuinely believe that."Armstrong told FOX […]

A nationwide recall of Spring & Mulberry date-sweetened chocolate has expanded to eight products over fears of salmonella contamination, up from just one product initially recalled Monday.Thursday’s update from the U.S. Food and Drug Administration (FDA) affects the majority of the company’s chocolate products known for being sweetened exclusively with dates. While the recall initially affected Spring & Mulberry’s Mint Leaf flavor, it now also includes Earl Grey, Lavender Rose, Mango […]

President Donald Trump credited tariffs for what he called historic economic gains, claiming Thursday that the U.S. has taken in hundreds of billions of dollars with virtually no inflation while strengthening national security."Great Financial Numbers were released today," Trump wrote on Truth Social. "Our Country has never done better! So many people ask me the reason for this, and I tell them, in just one word – TARIFFS!"We’ve taken in […]

As hiring slows across much of the U.S., a handful of jobs are standing out for their resilience.Roles that rely on hands-on expertise and human connection are proving particularly durable, according to Indeed’s 2026 Best Jobs in the U.S. list. The rankings analyzed thousands of job postings nationwide to identify roles in which workers are most likely to both "get hired and thrive," according to Indeed.The job search platform analyzed […]

American workers are seeing modest gains in purchasing power and increased housing activity as the Trump White House sharpens its economic message ahead of the midterm elections, FOX Business reporter Grady Trimble reported Thursday.In a speech in Detroit, President Trump highlighted recent growth and easing inflation as reasons the U.S. economy is positioned for 2026. He cited stronger-than-expected GDP growth in parts of 2025 and relatively stable inflation as evidence […]

Billionaire Peter Thiel is contributing to the fight against the so-called billionaires tax ballot measure that California voters may have the opportunity to vote on this fall.Thiel made a $3 million donation to the California Business Roundtable, a lobbying group that opposes policies it views as being anti-business. The donation was first reported by The New York Times, citing a disclosure. The Times noted that while the donation isn't specifically earmarked for efforts […]