Oil prices will rise even higher regardless of whether the Iran war ends, U.S. economic and political commentator Peter Schiff predicted during an interview with Fox News Digital on Wednesday, noting that he expects an economic “downturn.” Schiff, chief economist and global strategist of Euro Pacific Asset Management and host…

close video Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week’s reading of 6.95%.The…

Exclusive: Google on Thursday announced a new initiative to partner with veterans groups to help 25,000 veterans, service members and military spouses enter the skilled trades, according to an announcement viewed by FOX Business. Google’s announcement will feature a partnership with several prominent organizations that serve veterans around the nation,…

Starbucks announced plans to close roughly 250 stores across North America this week, company COO Mike Grams revealed Thursday. “We have carefully reviewed our North America coffeehouse portfolio and identified locations where we do not believe we can consistently deliver the experience we want for customers and partners or where…

Bank of America is expanding its skills-based hiring efforts, announcing Thursday that it will hire 1,000 additional apprentices over the next two years while investing $150 million in workforce development programs. The Charlotte, North Carolina-based bank said the new apprenticeship positions will span consumer banking, technology, operations and other business…

As U.S. leadership in artificial intelligence (AI) and the semiconductor industry remains a central economic and national security issue, Advanced Micro Devices (AMD) Chair and CEO Lisa Su said she will attend President Donald Trump’s state dinner for Chinese President Xi Jinping. “I’m honored to say that I will be…

McDonald’s on Wednesday announced new details as part of its long-term growth strategy, which will include a focus on upgrading restaurants and staff training, at an investor day at the corporate headquarters in Chicago. The fast-food giant announced its NEXT growth and productivity strategy in June and outlined plans to…

As the Unrivaled women’s basketball league continues to grow, Adidas is jumping on board with a multiyear partnership to become its official uniform and performance apparel partner.  The fast-growing women’s 3-on-3 league, founded by WNBA stars Breanna Stewart and Napheesa Collier, will now be outfitted with Adidas’ gear, while introducing…

Price controls are always a bad idea. They create shortages, profit losses, and eventually much higher prices when the controls are finally lifted. So this administration idea of a diesel export ban, is a problem if it really goes through. Think of it this way, President Trump would be taking…

Anthropic CEO Dario Amodei predicted Wednesday that AI could help cure most diseases within the next five to 10 years, making the case that advanced technology will change how scientists study biology and medicine. The company announced a Claude-led discovery of a molecular machine that it believes could represent a…