American officials are on heightened alert after federal authorities warned that Iran could attempt to launch drones toward the California coast, raising concerns about how easily low-cost unmanned aircraft could threaten U.S. cities. Red Cat CEO Jeff Thompson joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss how…

Energy Secretary Chris Wright on Thursday said that while the U.S. Navy may soon be in a position to escort oil tankers through the Strait of Hormuz to protect them from attacks by Iran, the Navy isn’t yet ready to do so. Wright said in an interview on CNBC’s “Squawk Box” that…

Mortgage rates climbed this week, 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 6.11% from last week’s reading of 6%. The average rate on a 30-year loan was 6.65% a year ago.…

Costco is facing a proposed nationwide class action lawsuit seeking refunds for customers over higher prices charged by the company due to the Trump administration’s tariffs that were subsequently ruled unconstitutional by the Supreme Court. The lawsuit was filed by a Costco shopper in federal court in Illinois on Wednesday…

In what has become a now-familiar refrain, President Donald Trump on Thursday pressed Federal Reserve Chair Jerome Powell to cut interest rates immediately, rather than wait for the next policy meeting. “Where is the Federal Reserve Chairman, Jerome “Too Late” Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not…

MURFREESBORO, Tenn. – Farmers work on notoriously tight profit margins and the high cost to fuel their equipment is another layer of budgeting they have to think about this planting season. About 20% of the world’s daily oil supply passes through the Strait of Hormuz off the coast of Iran.…

A new hotspot has emerged for homebuyers looking to leave California, and it’s outdrawing a larger and more well-known metro area within its state in the process. Reno is the second-largest metropolitan area in the state of Nevada and has surpassed Las Vegas, the Silver State’s largest city, as a more…

So let me get this right. After every Democrat in the House and Senate who voted against One, Big, Beautiful Bill — and therefore promoted a roughly $5 trillion tax hike — now a couple of presidential wannabees, like Senators Cory Booker and Chris Van Hollen, are surfacing plans that…

A long-stalled plan to redevelop a deteriorating New Jersey shopping center is once again before local officials. The Raritan Borough Planning Board recently reviewed a new site plan application for “Raritan Lofts.” The proposal calls for a five-story, mixed-use building that would replace much of the largely vacant Raritan Mall…

FOX Business is celebrating small businesses that have been the backbone of American excellence with a campaign in honor of America’s 250th anniversary that will award three winners $25,000 each, the network announced Thursday.  FOX Business’ “Made in America” contest participants can apply online with a video or written entry…