Business

Expert says Iran drone attack on California coast would be ‘very easy’ to stop

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…

Mortgage rates rise to highest level in over a month

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 sued by customer seeking refunds for tariff payments

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…

Trump demands Powell cut rates as Iran conflict drives up energy prices

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…

LARRY KUDLOW: Is John F. Kennedy having a comeback?

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…

‘Zombie mall’ to be razed for apartments as retail apocalypse drags on

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…