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…