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Corporate bankruptcies among U.S. companies increased in the first quarter to their highest level since 2010, new data showed.S&P Global Market Intelligence reported that from January through the end of March, there were 188 bankruptcies filed among large U.S. companies, an increase from 139 bankruptcy filings in the first quarter of 2024, which was a 14-year high at the time.The 188 bankruptcies in the last three months are the most in […]

The CEO of Eos Energy on Thursday discussed the battery-making company bringing its manufacturing back to the U.S. several years ago and competing with China with FOX Business’ Jeff Flock.Eos Energy brought the manufacturing of its "long duration energy storage (LDES) systems" back to the U.S. from China in 2018. The battery maker now produces its batteries in Turtle Creek, a city located in Pennsylvania’s Monongahela Valley. "We not only innovated […]

Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell slightly to 6.62% from last week's reading of 6.64%. The average rate on a 30-year loan was 6.88% a year ago."The average 30-year fixed-rate mortgage continues to trend down, remaining under 7% for the twelfth consecutive week," said […]

President Donald Trump and his administration's negotiation blitz with dozens of nations after pausing reciprocal tariffs will solidify him as the U.S.'s "deal-maker-in-chief" as he focuses on bringing parity to the country's chronic trade deficit, administration officials told Fox Digital. On Wednesday, Trump put a 90-day pause on reciprocal, customized tariffs he had imposed on dozens of nations, which was an abrupt change of course after saying there would not be […]