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Economics at foxbusiness.com

Today News

02

Biden admin proposes rule to protect outdoor and indoor workers from extreme heat

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The Biden administration proposed a federal heat safety regulation that would require employers to give certain workers periodic breaks in cool spaces and access to water when it's hot.

01

National Debt Tracker: American taxpayers (you) are now on the hook for $34,841,059,628,786.80 as of 7/2/24

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The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

LARRY KUDLOW: Trump is putting together a massive working-class coalition that can bring him to victory

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FOX Business host Larry Kudlow says President Biden is "running against the Supreme Court" and it is a "big mistake."

Tuesday, Jul 2

22

McDonald's introducing limited-time 'Special Grade Garlic Sauce' to app for dipping

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McDonald's has a limited-time "Special Grade Garlic Sauce" hitting the US market soon. Customers will only be able to get it through the fast food chain's app.

FTC sues to block $4B merger of mattress firms

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The Federal Trade Commission voted to file a lawsuit to block the proposed $4 billion merger between Tempur Sealy and Mattress Firm over concerns about its competitive impact.

21

Former Microsoft CEO Steve Ballmer tops Bill Gates' wealth

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Billionaire Steve Ballmer, the former Microsoft chief executive and current owner of the L.A. Clippers, has surpassed Bill Gates in net worth for the first time.

20

Less than a third of Americans approve of how Biden has handled student loan debt

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Borrowers with student loans find student loan debt forgiveness important, but not all approve of how loans have been handled.

19

Arkansas AG warns Temu isn't like Amazon or Walmart: 'It's a theft business'

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Temu sells products at "rock bottom" prices in exchange for your data, Arkansas Attorney General Jim Griffin details while discussing his lawsuit against the fast-fashion giant.

18

Fed's Powell: Prices are ‘back on disinflationary path,’ but more confidence is needed

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Federal Reserve Chair Jerome Powell said Tuesday during a central bank forum in Portugal that recent inflation readings show "quite a bit of progress."

VA updates home loan benefits to help veterans buy homes in difficult markets

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In an effort to help veterans buy homes in a difficult market, the VA is expanding the VA home loan benefit.

16

Tesla's 2nd quarter deliveries better than expected

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Elon Musk's Tesla said it completed 443,956 vehicle deliveries during the quarter. That marked a nearly 4.8% decline year-over-year but was better than expected.

Today's mortgage rates rise for 15- and 30-year terms | July 2, 2024

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Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

15

Costco flushable wipes settlement has wholesale giant agree to $2M payout

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Costco has agreed to pay out $2 million to resolve a false advertising class action lawsuit over flushable wipes, while not admitting to any wrongdoing.

13

Car dealership losses from CDK software outage could soon reach $1 billion, study finds

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Cyber incidents at software provider CDK Global from mid-June have left car dealerships across the US with suspended operations, with losses in the hundreds of millions of dollars.

Prescription drug prices have surged almost 40% over the past decade

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New data published by GoodRx shows the cost of prescription drugs has surged 37% over the past decade, posing a "significant burden" to many Americans.

04

Court blocks Biden admin's ban on new LNG exports

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A federal judge in Louisiana granted a motion by energy-producing states to pause the Biden administration's ban on new LNG export projects due to its impact on those states' economies.

01

A Trump win would make emerging countries feel there's 'more stability': Global investor Mark Mobius

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Mobius Capital Partners founder Mark Mobius weighs in on recent political developments around the world, telling "The Claman Countdown" how a second Trump term might impact markets.

Google will mandate disclosure of digitally altered election ads

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Google announced Monday that it will impose a mandatory disclosure requirement for advertisers to notify viewers of election ads whether it includes altered or synthetic content.

Jeff Bezos, Lauren Sanchez live it up during Greek vacation

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Amazon founder Jeff Bezos and fiancee Lauren Sanchez have been living it up in Greece as the engaged couple spend some vacation time there in the past few weeks.

Monday, Jul 1

23

Tesla deliveries may disappoint...again

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Elon Musk-led automaker Tesla is expected to announce that deliveries declined for the second consecutive quarter amid tough competition in China and U.S. consumers turning to hybrids.

21

This week's personal loan rates fall for 3-year loans, while 5-year terms rise

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The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.

20

Redbox DVD kiosk owner Chicken Soup For The Soul files for bankruptcy

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Chicken Soup for the Soul Entertainment has filed for Chapter 11 bankruptcy in Delaware, with nearly $1 billion in debt, two years after purchasing DVD rental company Redbox.

19

Stocks could fall 30% as US heads for a deep recession, analyst warns

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A new analyst note from BCA Research suggests the S&P 500 could slide as much as 30% within the next year as the U.S. economy enters a deep recession.

18

Fast-food value deal battle expands as Sonic rolls out a $1.99 menu

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The fast-food wars gained a new participant on Monday as Inspire Brands-owned Sonic Drive-In rolled out a value menu consisting of entrees, snacks and desserts.

‘Roaring Kitty’ takes Chewy stake

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Shares of online pet retailer Chewy were volatile Monday after a SEC filing disclosed that meme stock trader Keith Gill, who goes by "Roaring Kitty," purchased over 9 million shares.

Pump prices jump by five cents as the Fourth of July approaches

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Rising oil prices and the upcoming holiday are adding to the price consumers pay at the pump.

16

Today's mortgage rates rise for 30-year terms whole 15-year terms hold steady | July 1, 2024

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Mortgage rates fluctuate almost daily based on economic conditions. Here are today’s mortgage rates and what you need to know about getting the best rate.

14

Who added more to the national debt, Biden or Trump?

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America’s current twin deficits – budget and trade deficits – mean that Uncle Sam is dependent upon the kindness of strangers (foreign governments) to fund its gargantuan spending needs.

13

CVS, Walgreens, Rite Aid closing stores: a brick and mortar downfall?

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For years, U.S. pharmacy chains have been shuttering locations around the nation. It's a trend one industry expert says will continue, especially with the demand for online pharmacies.

Central banks grew their gold reserves in 2023 as analysts see potential price surge

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A report released by the World Gold Council in June found that central banks added the second most gold reserves on record in 2023 as analysts see a potential price surge.