Business
President Donald Trump on Wednesday formally increased the amount of foreign beef that can enter the U.S. at a lower tariff rate by 300,000 metric tons, advancing an affordability push aimed at bringing down elevated ground beef prices. The temporary increase applies to lean beef trimmings under the U.S. beef…
SpaceX announced Tuesday it plans to build its largest rocket launch site in southern Louisiana, investing $100 billion in a complex that could ultimately support thousands of Starship flights each year. The 125,000-acre site on Pecan Island in Vermilion Parish, called Starbase Louisiana, would become SpaceX’s fourth U.S. launch location…
President Donald Trump’s new national emergency declaration could restrict U.S. purchases and imports of certain foreign-made power grid equipment and potentially force utilities and infrastructure operators to replace equipment already in service as the administration moves to address national security risks to the electric system. Under an executive order signed…
Brothers Joey and Jesse Buss are going from one sport to another. Buss Sports Capital, the investment group founded by the brothers, has reached a deal to acquire approximately 5% of the San Diego Padres, according to The Athletic. The Buss family sold its controlling stake in the Los Angeles Lakers…
Microsoft co-founder Bill Gates warned that the emergence of artificial intelligence (AI) will present major challenges as it reshapes industries and work, suggesting that it could be helpful to explore ways to reserve work in certain areas for humans to ease the transition. Gates on Tuesday published an essay on…
Kia is recalling more than 21,000 electric SUVs because of an airbag sensor issue that could increase the risk of injury to children riding in the front passenger seat. The recall covers 21,290 Kia EV9 SUVs from the 2025 and 2026 model years, according to documents filed with the National…
The U.S. Treasury Department’s newly launched Operation Economic Outcast against Iran could take anger toward the regime to a “boiling point” and force Tehran into the one situation it “fears the most,” experts tell FOX Business. The aggressive strategy, labeled as an “Economic D-Day” and initiated under the direction of…
One of the country’s largest fast-food chains has reclaimed its “throne” as the nation’s No. 2 burger chain, with Burger King betting that better food without higher prices can keep cost-strained customers coming through the door. “You can outrun costs with traffic if you’re building your business and that’s what…
Meta has agreed to pay as much as $17.1 billion to settle claims that the tech giant designed Facebook and Instagram to addict children and misled the public about the platforms’ safety. The deal, disclosed in court papers on Wednesday, resolves claims brought by 29 states and averts one of…
This story about the July 2026 PCE inflation report will be updated with further details. The Federal Reserve’s preferred inflation gauge rose slightly in July as the pace of price growth remained well above the central bank’s target ahead.The Commerce Department on Wednesday reported that the personal consumption expenditures (PCE) index rose…
