Business

A federal judge ruled Tuesday that the Trump administration is legally required to secure funding for the U.S. Consumer Financial Protection Bureau (CFPB), and that failing to do so would violate a prior court order barring the government from dismantling or shutting down the agency.In the 32-page ruling, U.S. District Judge Amy Berman Jackson rejected the administration's claim that it was legally barred from funding the agency, saying the administration’s […]

Nearly half of Americans say they feel they are falling behind financially as inflation continues to strain household budgets, according to a new Fox News poll.The poll found 44% of respondents believe their personal finances are slipping, a sentiment echoed by shoppers on Chicago’s Magnificent Mile, who told FOX Business they plan to rein in spending and save more in 2026.FOX NEWS POLL: AS PRICES PINCH, VOTERS SEE TRUMP FOCUSED […]

Homebuyers can usher in 2026 with a little relief as mortgage rates fell to the lowest level of 2025 in the final report of the year. Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.15% from last week's reading of 6.18%. The average rate on a 30-year loan started the year around 7%. "After starting the year close to 7%, […]

Ahead of the New Year's holiday, President Donald Trump said he will make a decision on who he wants to lead the Federal Reserve by January. Current Chair Jerome Powell's term expires in May 2026, and he has made it clear he will fulfill his obligation running the central bank. This week, Trump continued his verbal assault of Powell, who he again called "too late" for failing to cut interest rates at […]

Secretary of Transportation Sean Duffy said on Tuesday that the California Department of Motor Vehicles does not have an extension to the deadline for the cancellation of commercial driver's licenses issued to foreign nationals who do not have legal U.S. status, disputing the delay announced by the department.The California DMV said that the roughly 17,000 licenses that were set to be terminated on Jan. 5 will now last until March […]

Boeing was awarded a nearly $8.6 billion contract to build 25 new F-15A aircraft for the Israeli Air Force, according to the Pentagon.The contract was secured as part of the F-15 Israel program.Under the deal, Boeing will produce 25 new F-15IA aircraft for Israel, as well as an option for an additional 25 aircraft.SOUTHWEST OFFERING $67 FLIGHTS IN NOD TO VIRAL INTERNET MEME: 'TRENDY' SALE"This contract provides for the design, […]

Federal Reserve policymakers were deeply divided over the decision to cut interest rates at their meeting in December as the U.S. economy faces a challenging combination of risks, according to the minutes from their latest policy meeting.The Fed cut rates by 25 basis points for the third straight time at their December meeting, lowering the benchmark federal funds rate to a range of 3.5% to 3.75%. The decision occurred against […]

Steak ’n Shake is offering a $2.50 "Patriot Milkshake" throughout January, promoting the discount as an early nod to America’s 250th anniversary, according to a post from the company’s X account."Steak n Shake is getting a head start on America's 250th anniversary of its founding," Steak ‘n Shake wrote on X.The promotion comes as fast food chains take sharply different approaches to pricing and cost pressures, with some leaning into […]

Billionaire business tycoon Elon Musk described himself as a "maker" in a Tuesday post on X, while reasserting his claim that Sen. Bernie Sanders, I-Vt., is a taker."My Tesla and SpaceX shares, which are almost all my ‘wealth’, only go up in value as a function of how much useful product those companies produce and service," Musk wrote."This means my ‘wealth’ can only increase due to producing more products and […]