The Federal Reserve left its benchmark interest rate unchanged this week despite three dissenting votes from Fed governors who would’ve preferred the central bank hike rates to help rein in stubbornly-high inflation, they explained on Friday. The Federal Open Market Committee (FOMC), the Fed panel responsible for monetary policy moves,…

A new rival to Wall Street officially debuted on Friday as the Texas Stock Exchange went fully live for the first time with trading available for all of its listed tickers. The Texas Stock Exchange, which is based in Dallas, is the first new major stock exchange to launch in…

Police in Bulgaria evacuated nearly 200 passengers from a Viking cruise ship after the vessel ran aground due to “exceptionally low water levels” in the Danube River.  The Bulgaria News Agency reported that the ship became stranded early Tuesday about 15 miles upstream from Vidin, where it planned to stop to take…

Treasury Secretary Scott Bessent said in an interview on Thursday that he expects economic growth to pick up later this year with core inflation trending lower, while he warned that there have been growing tensions with China over artificial intelligence and rare earths. Bessent spoke with FOX Business’ Edward Lawrence…

The Commerce Department indicated that the federal government is on track to dole out millions of dollars to seven companies to fund technology development but will require the businesses to fork over equity in exchange for the money. “The Department of Commerce today announced the signing of 7 letters of…

Netflix has been sued for allegedly losing an unencrypted copy of a $45 million Nicolas Cage thriller that took seven years to produce, exposing the unreleased film to potential piracy and leaks. The lawsuit, which seeks $105 million in damages, was filed by Op-Fortitude Ltd. and its owner, Swiss film…

Carpenter Technology CEO Brian Malloy died suddenly just weeks after taking the helm of the specialty materials manufacturer, the company announced Monday. Malloy, who became president and CEO July 1, died “suddenly and unexpectedly” Friday, July 24, according to a news release from the Philadelphia-based company. A cause of death was…

Chipotle CEO Scott Boatwright said Wednesday the fast-casual chain is seeing improvement in customers’ perceptions of affordability. Speaking on Chipotle’s second-quarter earnings call, Boatwright said the company’s brand tracking showed improved perceptions of value across “all income groups and age cohorts.””As it relates to value, I’m happy to report our…

Ocoopa Direct is recalling about 1.5 million rechargeable hand warmers following hundreds of burn injuries and one reported death. The lithium-ion batteries in the recalled products can overheat and catch fire, posing a risk of “serious injury or death from fire and burn hazards,” according to a notice Thursday from…

More than 120,000 refrigerators are being recalled over a fire and burn hazard after federal regulators received 34 reports of fires, including one that reportedly resulted in a death. About 121,680 Galanz Retro Refrigerators are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced on Thursday.”The recalled…