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The ongoing government shutdown delayed the release of the Commerce Department's initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest solid economic growth in the quarter.The Bureau of Economic Analysis was scheduled to release its advance estimate of third-quarter GDP on Thursday, though the furlough of workers deemed nonessential prevented the agency from compiling and releasing the report.The Labor Department's statistical agency, the Bureau of Labor […]

Some of New York City’s beloved bodega owners and community leaders are speaking out against Democratic socialist mayoral candidate Zohran Mamdani, saying they feel betrayed by a bodega business leader who endorsed him."I don't know how my friend got convinced to say that, when all of the bodega[s] together, they feel that they were betrayed by someone that's supposed to represent [us] and they know the problem that we have […]

Treasury Secretary Scott Bessent's feud with Sen. Elizabeth Warren, D-Mass., and Sen. Amy Klobuchar, D-Minn., has escalated once again as politicians battle it out over the government shutdown.The feud stems from a letter signed by Warren, Klobuchar and 19 other Democrats accusing the Trump administration of prioritizing Argentina’s interests "over the needs of American farmers and rural communities" and blasting a proposed $20 billion currency swap with Buenos Aires that […]

Jobs across corporate America have been placed on the chopping block as the artificial intelligence revolution takes hold. Even senior management and long-serving executives have found themselves in a perilous situation as companies leverage the technology to streamline operations and create more agile organizations.But AI isn't solely to blame. Experts tell FOX Business that many of the job cuts are also driven by the tough economic climate and companies trying […]