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Economy

California spent at least $11B on illegal immigrant welfare: Report video
4 hours ago

California spent at least $11B on illegal immigrant welfare: Report

City Journal reporter Kenneth Schrupp discusses an investigation finding California spent at least $11 billion on illegal immigrant welfare and Gov. Gavin Newsom’s response to allegations of widespread welfare fraud on ‘The Bottom Line.’

Reducing the $2T federal deficit could lower inflation, interest rates for Americans: CRFB
5 hours ago

Reducing the $2T federal deficit could lower inflation, interest rates for Americans: CRFB

Curbing the federal government's roughly $2 trillion budget deficit could lower inflation and current interest rates for households, a CRFB report finds.

National Debt Tracker: American taxpayers (you) are now on the hook for $40,073,558,531,201.68 as of 9/24/26
August 14, 2023

National Debt Tracker: American taxpayers (you) are now on the hook for $40,073,558,531,201.68 as of 9/24/26

The United States' national debt is on track to double over the next three decades amid a rush of spending by the White House and Congress.

Multiple states jockey to be home of federal space academy video
8 hours ago

Multiple states jockey to be home of federal space academy

'The Big Money Show' co-hosts discuss the competitive race among states to host the new federal space academy.

CEO warns high diesel costs could trigger a 'vicious cycle' of surging food prices
9 hours ago

CEO warns high diesel costs could trigger a 'vicious cycle' of surging food prices

Pivot Bio CEO Chris Abbott warns of a 'vicious cycle’ for American farmers during harvest season as diesel costs rise.

Canadian business leader warns trade uncertainty risks 'capital chill' as USMCA talks drag on
10 hours ago

Canadian business leader warns trade uncertainty risks 'capital chill' as USMCA talks drag on

Goldy Hyder, the CEO of the Business Council of Canada warns that ongoing uncertainty over the USMCA trade agreement risks creating a "capital chill" for investments.

Mortgage rates top 7% for first time since early 2025
12 hours ago

Mortgage rates top 7% for first time since early 2025

The average rate on a 30-year fixed mortgage rose this week to 7.03%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.95%.

Peter Schiff predicts economic 'downturn,' higher oil prices: 'I don't think it's over'
12 hours ago

Peter Schiff predicts economic 'downturn,' higher oil prices: 'I don't think it's over'

Peter Schiff indicated during an interview that he expects oil prices to head higher regardless of whether the Iran war ends, and thinks that there will be an economic "downturn."

Peter Schiff predicts higher oil prices and economic 'downturn' video
12 hours ago

Peter Schiff predicts higher oil prices and economic 'downturn'

Peter Schiff, Euro Pacific Asset Management chief economist & global strategist, thinks oil prices will rise and anticipates an economic "downturn."

Starbucks to close 250 stores: 'Difficult decision'
16 hours ago

Starbucks to close 250 stores: 'Difficult decision'

Starbucks COO Mike Grams revealed plans to shutter about 250 coffeehouses across North America, citing struggles with financial performance.

Google partners with veterans groups to help 25,000 enter skilled trades careers amid worker shortage
16 hours ago

Google partners with veterans groups to help 25,000 enter skilled trades careers amid worker shortage

Google revealed to FOX Business an initiative addressing the workforce shortage in skilled trades by training veterans for roles like electrician and pipefitter.

Americans look at socialism as 'big government,' Liz Peek says video
September 23

Americans look at socialism as 'big government,' Liz Peek says

David Asman, Caroline Downey, Daniel Di Martino, Liz Peek and OJ Oleka compare and contrast socialism and capitalism on 'FOX Business in Depth.'

Effective AI governance doesn't slow innovation, AI expert tells House panel