Business
A Florida sales tax holiday that typically applies to hunting, fishing and camping equipment has been expanded this year, covering firearms and ammunition for the first time. Starting Monday, those purchasing firearms and ammunition in Florida will be exempt from sales tax through the end of the year. It is…
Few people think about the Federal Reserve when choosing their lucky Powerball numbers. Yet, Saturday’s drawing, the third-largest jackpot in U.S. history, is fueled in part by the Fed’s high interest rates. When officials at the Fed and President Donald Trump debate rates, they are most likely not concerned about lottery…
National Economic Council Director Kevin Hassett said on Sunday that the Federal Reserve’s monetary policy decisions shouldn’t be subject to political influence amid the Trump administration’s calls for the central bank to cut interest rates. Hassett appeared on CBS News’ “Face the Nation,” where host Margaret Brennan cited a CBS poll…
The Bank of America Institute reported that the firm’s data signaled a slowdown in hiring by small businesses as tariff payments by firms that import goods have surged. The report found that small businesses’ payments to hiring firms fell for the third straight month in July, according to Bank of America’s proprietary…
As the Trump administration considers declaring a national housing emergency, an affordable housing developer who began his career at Lehman Brothers unequivocally agrees the proclamation is overdue. “I think for sure we’re in a national housing emergency. I think we’ve been here for some time,” Dan Coakley, Property Markets Group…
A Chicago barista has spoken out about what he calls worsening conditions at Starbucks, blaming new policies and understaffing for driving workers to misery. Diego Franco, a barista of five years at the Oakton & Lee Street Starbucks and a bargaining delegate with Starbucks Workers United, told FOX Business that…
Stellantis to recall more than 91,000 Jeep Grand Cherokee vehicles over possible loss of drive power
Chrysler parent company Stellantis is recalling more than 91,000 Jeep Grand Cherokee hybrids in the U.S. due to a software malfunction that may result in a loss of drive power, the National Highway Traffic Safety Administration (NHTSA) said on Thursday. Some Jeep Grand Cherokee Plug-In Hybrid Electric Vehicles, model years…
The U.S. government collected $31.4 billion in tariff revenues in August, the largest monthly haul so far in 2025, underscoring the continued impact of trade duties on the economy. Total tariff revenue for 2025 has reached more than $183.6 billion, according to the latest “Customs and Certain Excise Taxes” figures…
Treasury Secretary Scott Bessent downplayed claims on Sunday that tariffs were harming American businesses and consumers, arguing that any short-term costs were outweighed by long-term benefits to U.S. competitiveness. Bessent argued that President Donald Trump’s economic agenda has only been in effect for “a couple of months” and that the…
The 2025 NFL season is here, and Jake Paul is here to help bettors win money. Paul launched Betr Picks in 2023 to get sports fans to dive into player props, and it has undergone a complete overhaul.The app now has a new user interface, more sports offerings and projections,…