Business news

• Explainer: What the U.S. Federal Reserve is watching this year

  29-01-2020 15:25 via news.yahoo.com
  
  The U.S. Federal Reserve is expected to keep interest rates unchanged when it wraps up its first policy meeting of the year on Wednesday.The U.S. central bank is currently in a holding pattern after cutting interest rates three times last year to boost the economy in the face of threats posed by slowing global growth and the U.S.-China trade war.The U.S. economy has added more than 20 million jobs since emerging from recession in 2009, and the unemployment rate is currently near a 50-year low at
  
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• LARRY KUDLOW: Don’t count the GOP out yet

  15-10-2026 23:45 via foxbusiness.com
  
  Run your finger down the key races in the Real Clear Politics average. What you see is seven toss-up races, well within the polling error margin. One tie in Kansas. One big GOP win in Florida. And one Democrat win in Georgia.Again, the toss-ups are well inside the error margin. This does not spell a Democratic blue wave in the Senate. I first heard this argument about 10 days ago listening to Ben Shapiro’s Daily Wire podcast, where he made this point. As Mr. Shapiro put it, if you listen t
  
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• Popular salad chain makes big changes in bid to win back diners

  15-10-2026 22:00 via foxbusiness.com
  
  Sweetgreen is adding lower-priced menu options as it tries to shed its reputation for expensive salads and attract more customers.The Los Angeles-headquartered fast-casual chain rolled out four wraps nationwide in May, all priced below $15 and averaging around $12.50, according to a news release from Sweetgreen.Sweetgreen Chief Financial Officer Jamie McConnell told The Wall Street Journal the lower starting prices are part of an effort to change how consumers view the chain."When you’d wa
  
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• Tesla's long-awaited Roadster gets its moment after years of delays

  15-10-2026 18:59 via foxbusiness.com
  
  Tesla is set to unveil the redesigned Roadster on Thursday after the EV-maker first previewed a next-generation version of its electric sports car nearly nine years ago.The automaker first revealed a prototype of the $200,000 Roadster in 2017 and the company said at the time it would begin deliveries in 2020. While the price of the Roadster hasn't been updated, reservations cost buyers $50,000 apiece.Tesla CEO Elon Musk has downplayed the importance of the Roadster to the company's finances, say
  
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• Jeff Bezos allegedly linked to mystery $69.5M Florida mansion purchase near his 'Billionaire Bunker'

  15-10-2026 18:40 via foxbusiness.com
  
  If the exclusivity of Miami's "Billionaire Bunker" isn't enough for some of the world's wealthiest buyers, a record-breaking oceanfront home nearby could be the next addition to their real estate portfolios.In September, the 17,500-square-foot estate at 255 Ocean Boulevard in Golden Beach sold for $69.5 million, breaking a local sales record. Property records reviewed by Fox News Digital show the home was purchased by Delaware-based Meridian Coast LLC, which sources familiar with the transaction
  
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• SeatGeek fined $22,500 by Ontario over alleged sale capping violations

  15-10-2026 18:00 via cbc.ca
  
  SeatGeek Canada is facing two more fines from the Ontario government for allegedly contravening a recent law capping the sale of event tickets at face value.
  
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• Social Security cost-of-living increase sparks debate over looming funding shortfall

  15-10-2026 17:42 via foxbusiness.com
  
  Social Security beneficiaries could face a 22% across-the-board benefit reduction in 2032 without congressional action, according to the Committee for a Responsible Federal Budget (CRFB), as a new cost-of-living adjustment renews debate over the program's financial future.The warning comes as Social Security's retirement trust fund approaches a projected 2032 depletion date, putting pressure on lawmakers to address the program's long-term funding shortfall.Social Security recipients will receive
  
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• Métis leaders in oilsands region say they haven’t been consulted on proposed Pacific Link pipeline

  15-10-2026 14:00 via cbc.ca
  
  Métis leaders in the Fort McMurray region say Prime Minister Mark Carney has not met with them to discuss the proposed Pacific Link pipeline, despite meeting with the chiefs of nearby First Nations.
  
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• Lisa Cook's lawyer challenges impartiality of Trump panel reviewing Fed mortgage allegations

  15-10-2026 13:52 via foxbusiness.com
  
  Federal Reserve Governor Lisa Cook's attorney is challenging the impartiality of a White House committee investigating mortgage fraud allegations against her, raising concerns about the fairness of President Donald Trump's latest effort to remove her from the central bank.In an Oct. 13 letter reviewed by Reuters, attorney Abbe Lowell questioned the inclusion of National Economic Council Director Kevin Hassett on the three-member panel, saying Hassett had previously pressured Cook to take leave a
  
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• Sam’s Club expands Thanksgiving meal, keeping cost under $10 a person as inflation weighs on consumers

  15-10-2026 13:10 via foxbusiness.com
  
  Sam’s Club announced Thursday it is rolling out its largest Thanksgiving meal offering to date, expanding holiday offerings while keeping the price under $10 per person.The Walmart-owned membership club said its 2026 Thanksgiving meal, designed for 16 people, includes 11 different offerings, including turkey, ham, mashed potatoes and macaroni and cheese.The meal grew from nine offerings last year, while Sam’s Club said the per-person price remains unchanged.The holiday offering comes
  
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• How high inflation is hurting Trump's Republicans in U.S. midterm campaign

  15-10-2026 10:00 via cbc.ca
  
  For nearly a year, U.S. President Donald Trump has been trying to persuade voters not to get riled up over rising prices, but polls suggest voters aren't buying his sales pitch, with respondents giving him low marks on the cost of living and disapproving of how he's handled inflation.
  
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• Treasury shows off new Trump dollar coin, urges Americans to spend it at liberal coffee shops

  15-10-2026 05:58 via foxbusiness.com
  
  The Treasury Department is encouraging Americans to take newly minted President Donald Trump dollar coins to their favorite liberal coffee shops, issuing a challenge in a TikTok video posted Wednesday.U.S. Treasurer Brandon Beach urged Americans to pick up rolls of the coins at banks next month and use them to purchase coffee at businesses he described as liberal."This is the dollar coin. It will be in the banks next month," he said in the clip as he removed the coins from a bank. "And I want to
  
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• Toyota recalls 31,000 RAV4 plug-in hybrids that may shut down at high speeds

  15-10-2026 03:20 via foxbusiness.com
  
  Toyota is recalling nearly 31,000 vehicles over a software issue that could cause the plug-in hybrid system to shut down while driving at high speeds, according to federal regulators.The recall affects 30,978 2026 Toyota RAV4 Plug-in Hybrid vehicles, according to the National Highway Traffic Safety Administration (NHTSA).The software issue could cause the vehicle’s plug-in hybrid system to reduce power or shut down when driven at higher speeds.MORE THAN 265K RAM VEHICLES FACING RECALL OVER
  
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• Delta One gets a luxury makeover with wagyu burgers, high-end wines and Porsche transfers

  15-10-2026 01:19 via foxbusiness.com
  
  Delta Air Lines is revamping its Delta One premium cabin with wagyu burgers, high-end wines and new luxury amenity kits.The Atlanta-based airline announced Wednesday that its revamped Delta One experience will begin rolling out on transoceanic flights departing Los Angeles International Airport this fall before expanding across its global network in early 2027.The overhaul includes a redesigned menu, expanded meal pre-selection, new cocktails and wines and upgraded amenity kits, among other chan
  
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• Chick-fil-A CEO pressed on LGBTQ stance, affirms fast-food chain is focused on 'hospitality' for all customers

  15-10-2026 01:00 via foxbusiness.com
  
  NBC's "Today" co-anchor Craig Melvin pressed Chick-fil-A CEO Andrew Cathy Wednesday about the fast-food chain's position on LGBTQ rights, repeatedly questioning the company's Christian beliefs and past opposition to same-sex marriage during a segment highlighting its history and business success.When Melvin asked for Chick-fil-A's official position on equal rights, Cathy emphasized the company's commitment to serving customers rather than directly addressing its position on LGBTQ issues."We're f
  
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• California BBQ joint praised by Guy Fieri hit with smoker ultimatum as zoning fight flames up

  15-10-2026 00:15 via foxbusiness.com
  
  A California barbecue joint praised by celebrity chef and restaurateur Guy Fieri is feeling the heat from City Hall, with zoning restrictions forcing its owners to find a new home for their outdoor smokers.The owners of A&M BBQ in Sebastopol said in a Facebook statement they must stop using their outdoor smokers at the current location by the end of this week, warning the change could limit how much food they can prepare and which menu items are available."We are not being shut down. Our res
  
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• Skydance shares plunge after company distributes nearly 471 million warrants

  14-10-2026 23:51 via foxbusiness.com
  
  Shares of Skydance Corp. fell Wednesday after the newly formed media giant distributed nearly 471 million stock warrants to shareholders.Skydance shares fell as much as 26% in Wednesday trading, trading at $6.68 per share as of 11:35 a.m. ET. The stock later pared some of those losses, closing down 22.2% at $7.06 a share.The company distributed about 470.7 million warrants on Oct. 13 following its acquisition of Warner Bros. Discovery, according to a Securities and Exchange Commission (SEC) fili
  
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• LARRY KUDLOW: If Blakeman takes down Hochul, that means knocking out Mamdani too

  14-10-2026 23:44 via foxbusiness.com
  
  The reason the Bruce Blakeman-Kathy Hochul race for governor is so important, is because a Blakeman victory will not only knock out a far-left blue state governor, it will also knock down New York’s socialist mayor, Zohran Mamdani.In other words, if you take down Mrs. Hochul, you basically call a halt to all of the damage, be it antisemitism, woke culture, insane tax increases, of course the pied-à-terre tax, and all of the other crazy stuff Mr. Mamdani and his merry band of Democra
  
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• 'Everything is on the table,' Joly says, as Ottawa weighs legal action over Stelco layoffs

  14-10-2026 23:18 via cbc.ca
  
  Ottawa is considering a range of legal options against Stelco's American owner after the company rejected the government's demand to halt planned layoffs at the Hamilton steelmaker, Federal Industry Minister Mélanie Joly said Wednesday.
  
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• Marshalls expands footprint with new stores opening in 6 states

  14-10-2026 22:20 via foxbusiness.com
  
  Marshalls is growing its U.S. footprint, with several new stores slated to open this month.The TJX Companies-owned chain has upcoming openings planned in Massachusetts, New Hampshire, Ohio, Texas, Minnesota and New York, according to the retailer's website.The next openings are scheduled for Oct. 15, when Marshalls will debut new stores in Mercedes, Texas, and Malone, New York. WALMART TO OFFER FREE GLP-1 DRUGS, MORE THAN 250 MEDICATIONS AS IT EXPANDS EMPLOYEE HEALTH BENEFITSBoth locations
  
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• White House economic chief reveals why Americans aren't feeling optimistic about economy

  14-10-2026 20:48 via foxbusiness.com
  
  Americans are still spending, but frustration over inflation and borrowing costs is clouding how they feel about the economy, a disconnect the White House says it is trying to understand.White House National Economic Council Director Kevin Hassett joined FOX Business’ Stuart Varney on "Varney & Co." to discuss why consumers remain uneasy about the economy despite signs of continued spending and investment.The tension comes as higher energy costs put renewed pressure on inflation. 
  
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• Dems call Trump 'a total failure' over inflation as White House cites economic growth

  14-10-2026 20:21 via foxbusiness.com
  
  Democrats lambasted President Donald Trump while the White House spoke of economic growth following the release of a new Consumer Price Index (CPI) report on Wednesday as Americans continue to suffer the economic consequences of inflation amid the 2026 midterm election cycle.The U.S. Bureau of Labor Statistics noted that "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent on a seasonally adjusted basis in September after rising 0.4 percent in August.""Over the last 12
  
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• Michael Saylor predicts bitcoin will blow past $100K as he declares new bull market underway

  14-10-2026 19:03 via foxbusiness.com
  
  Crypto titan Michael Saylor predicts bitcoin will surge past $100,000 over the next year to kick off a massive new bull market.The largest cryptocurrency by market capitalization is trading around $81,800, up from about $75,900 a month ago, around the time the Senate failed to advance the Clarity Act in a procedural vote.Saylor, the executive chairman of Strategy Inc., argued that the best thing to happen to crypto was the major piece of legislation failing on Capitol Hill.DOJ SEIZES $560K IN CR
  
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• US regulator accuses nation's largest banks of debanking customers over political views

  14-10-2026 18:21 via foxbusiness.com
  
  The head of the Office of the Comptroller of the Currency (OCC) declared Wednesday that his agency uncovered "irrefutable evidence that the nation's largest banks have denied, debanked and discriminated against customers and lawful businesses," including over political views.Comptroller of the Currency Jonathan Gould made the remark after the OCC said it investigated debanking activities at the nine largest banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells
  
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• Netflix reportedly cutting about 1,000 jobs in largest round of layoffs since 2022

  14-10-2026 17:50 via foxbusiness.com
  
  Netflix is reportedly cutting about 1,000 jobs worldwide, representing roughly 6% of its workforce, its largest round of layoffs since 2022.The job cuts, first reported by The Wall Street Journal on Wednesday, come less than a week before the streaming giant is scheduled to release its third-quarter financial results on Oct. 20.The reductions will primarily affect Netflix's product, technology, legal and human resources departments, the Journal reported, citing an internal email sent to employee
  
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• Walmart to offer free GLP-1 drugs, more than 250 medications as it expands employee health benefits

  14-10-2026 17:46 via foxbusiness.com
  
  Walmart will offer certain GLP-1 medications for Type 2 diabetes at no cost to eligible employees starting in 2027, part of a broader expansion of health benefits that includes more than 250 free prescription drugs.The nation's largest private employer is expanding prescription coverage under most of its medical plans, including certain insulin products and inhalers, according to an Oct. 13 letter to employees from Chief People Officer Donna Morris.The expanded benefits come as employers and wor
  
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• Trump says oil, gas and mineral exploration in Greenland is set to begin. It's not that simple

  14-10-2026 16:53 via cbc.ca
  
  U.S. President Donald Trump said an oil, gas and mineral exploration is set to begin in Greenland. It wasn't immediately clear what exploration or developments he was referring to.
  
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• Social Security announces cost-of-living adjustment for 2027

  14-10-2026 15:57 via foxbusiness.com
  
  The Social Security Administration on Wednesday announced a 3.6% cost-of-living adjustment (COLA) for 2027.The COLA is determined using the consumer price index for urban wage earners and clerical workers (CPI-W) data for the third quarter of the year, including the months of July, August and September. It aims to ensure that the purchasing power of Social Security benefits isn't eroded by inflation.On average, the COLA will increase Social Security retirement benefits by $75 per month."Social S
  
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• Consumer inflation rose faster than expected in September, CPI report shows

  14-10-2026 14:33 via foxbusiness.com
  
  Inflation accelerated in September as the pace of consumer price growth trended higher due to elevated energy prices.The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – increased 0.6% on a monthly basis and is up 3.7% from a year ago.The monthly figure was in line with the estimates of economists polled by LSEG, while the annual figure came in hotter than
  
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• A fridge hack spoiled food in hundreds of French supermarkets. Cybersecurity experts say it's a wake-up call

  14-10-2026 10:00 via cbc.ca
  
  The cyberattack on French supermarkets earlier this week that left hundreds of fridges worth of food spoiled should be a wake-up call about the vulnerabilities of digitized systems and devices that are connected to the internet, cybersecurity experts say.
  
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