Business
Mortgage rates rose to the highest level since November 2023, 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 7.28% from last week’s reading of 7.03%.The average rate on a 30-year loan…
President Donald Trump praised Boeing and its 737 MAX after a FlyDubai jet survived a dramatic plunge during an apparent attempt to crash the Israel-bound aircraft with more than 170 people aboard. Trump congratulated the U.S. aerospace giant Thursday, singling out the aircraft’s ability to withstand the extreme forces it…
America’s skilled trades shortage has major employers sounding the alarm as companies face mounting demand for workers needed to build, maintain and power the country’s infrastructure. mikeroweWORKS Foundation CEO Mike Rowe joined FOX Business’ Stuart Varney on “Varney & Co.” to discuss the widening skilled labor gap, the impact of artificial…
Actor Mark Ruffalo blasted the outcome of the long-running fight over Paramount’s $110 billion acquisition of Warner Bros. Discovery after a federal judge cleared the Hollywood megadeal to move forward Wednesday. Ruffalo, who had been one of the most vocal Hollywood opponents of the merger, called the outcome “incredibly disappointing.””This…
America needs to invest in the people who “build things” or risk falling further behind global competitors, Ford CEO Jim Farley warned Wednesday. Speaking at Ford’s Accelerate event in Detroit, Farley said the U.S. has underinvested in the “essential economy” — industries such as construction, manufacturing, energy, transportation, logistics and…
A Utah beverage company is recalling more than 77,000 cans of 7UP Tropical after some packages labeled as zero-sugar soda were found to contain the full-sugar version of the drink. Admiral Beverage Corporation initiated the voluntary recall on Aug. 20, according to a U.S. Food and Drug Administration enforcement report.…
Companies in the private sector added 90,000 jobs in September, payroll processing firm ADP said in its latest report on Wednesday. The figure is above economists’ estimates of a gain of 70,000 jobs and up from the prior month’s revised 36,000 payrolls.”It’s a strong report,” said ADP chief economist Nela…
A trade policy expert said shoppers may be able to expect modest price relief as the holiday season approaches after President Donald Trump and Chinese President Xi Jinping struck a deal to reduce tariffs on $30 billion worth of non-sensitive goods, including household goods and toys. Clark Packard, a research…
Cold weather is approaching and the U.S. is projected to have record-setting production of natural gas and healthy storage levels to help protect the market against possible shifts in winter weather that could otherwise strain supply and squeeze consumers. FOX Business exclusively viewed the Natural Gas Supply Association’s (NGSA) 2026-27…
Things happen when you least expect it. How about the dissolution of Iran? We know their currency is worthless. It’s now 2.5 million per dollar. This, according to the retired lieutenant general, Keith Kellogg, suggests a disaster on a par with the hyperinflation of Germany’s Weimar Republic in the 1920s.…
