Tag: economy

A key House Republican says Israel will continue to have bipartisan support from Congress as its conflict with Iran worsens tensions in the Middle East. “Yeah, absolutely,” Rep. Mario Diaz-Balart, R-Fla., said when asked about a hypothetical supplemental funding package in the event the crisis became a prolonged conflict.  “There’s very, very, very strong bipartisan […] ...

The Trump administration is touting gains made by blue-collar workers in the first few months since the start of President Donald Trump’s term began in January. Administration officials noted that blue-collar wages – which are defined as nonsupervisory and production workers – have risen at an annual rate of 1.7% in the past five months. […] ...

Gov. Tim Walz has condemned the assassination of former Minnesota House Speaker Melissa Hortman and her husband as politically motivated, but questions remain about the suspect’s political affiliation.  The Democrat Minnesota governor immediately denounced what he said “appears to be a politically motivated assassination,” following the attacks Saturday morning. Vance Luther Boelter, 57, is charged […] ...

ExxonMobil CEO Darren Woods said there is sufficient supply in the global oil market to withstand any supply disruption to Iranian exports. “There’s enough spare capacity in the system today to accommodate any Iranian oil that comes off the market,” Woods told Fox News’ Bret Baier on “Special Report,” adding that “The bigger issue will […] ...

How people tackle their finances can vary but, according to new research from PYMNTS, there are two ways that are most common. PYMNTS found just 40% of American consumers are “planners,” meaning their strategy for money had more foresight.  That figure has gone down compared to the roughly half who tackled their personal finances that […] ...

A three-judge panel appeared skeptical on Tuesday during a hearing of California Gov. Gavin Newsom’s argument that President Donald Trump violated the law when he deployed thousands of National Guard members to respond to protests and riots in Los Angeles County. All three judges on the panel for the U.S. Court of Appeals for the […] ...

Senate Republicans have introduced their chamber’s version of the GOP’s tax cuts and extensions package, as Congress looks to deliver on President Donald Trump’s “One Big, Beautiful Bill” before the Fourth of July. The GOP majority on the Senate Finance Committee released a draft of its portion of the reconciliation legislation that the upper chamber is […] ...

On the fifth day of Israel and Iran exchanging strikes, the conflict appears to be on the brink of further escalation as Israel targets Iran’s nuclear infrastructure and questions mount over possible U.S. involvement. Retired four-star Gen. Jack Keane believes that there is an opportunity for the Iranian regime to “be taken off the table,” […] ...

New York City Comptroller and mayoral candidate Brad Lander was arrested by Department of Homeland Security (DHS) agents on Tuesday after allegedly assaulting a federal officer. Hours later, Lander walked out of the federal courthouse where he was being held alongside New York Gov. Kathy Hochul. During a news conference outside the courthouse, Hochul said […] ...

A popular American grocery store chain’s retail footprint will grow this year and beyond, thanks in part to customer demand.  Wegmans Food Markets has a location opening in Rockville, Maryland next week and another launching in Norwalk, Connecticut in July.  The store in Norwalk, scheduled to debut July 23, will mark Wegmans’ first location in […] ...

JetBlue is implementing a slew of cost-cutting measures, including axing some flights, as economic uncertainty has lowered consumer confidence and subsequently dampened consumer demand.  CEO Joanna Geraghty told staff in an internal note on Monday that it’s “unlikely” that the company will reach a break-even operating margin as it had hoped after years of financial […] ...

The U.S. Army announced that it has surpassed its fiscal year 2025 recruiting goals four months ahead of schedule following years of falling short of its quota.  The milestone marks a potential turning point in one of the military’s most persistent challenges: recruitment. Last week, the Army announced that it had signed contracts with more […] ...

FIRST ON FOX: A fundraising group dedicated to helping Democrats flip Republican seats is releasing a dark new advertisement it hopes will help the left win over young men ahead of the 2026 races. The Progress Action Fund has gained attention for its risqué viral ads featuring a fictional “Republican congressman” who invades private moments […] ...

Kraft Heinz announced on Tuesday that it will remove all FD&C artificial dyes from its U.S. portfolio by the end of 2027 amid pressure from the Trump administration to phase out artificial colors from the nation’s food supply. Kraft, one of the largest food and drink manufacturers in North America, also said it would not […] ...

Ford is activating its national network of dealerships to directly support some of the nation’s biggest nonprofits, such as the American Red Cross, Feeding America, Habitat for Humanity and Team Rubicon.  As part of Ford Philanthropy’s “Building Together” initiative, which kicked off in June, the auto company is leveraging resources across its organization from its […] ...

The Federal Reserve will announce its latest decision on whether to cut interest rates on Wednesday and has faced mounting political pressure from the Trump administration to lower rates to spur the economy. The Fed is widely expected to leave interest rates unchanged this week, which would make it four straight meetings in which the central […] ...

Lawmakers are taking aim at China with recently introduced legislation that would bring more oversight on foreign ownership of U.S. farmland.  A group of bipartisan lawmakers introduced the Agricultural Foreign Investment Disclosure Improvements Act (AFIDA) this month. The move was first reported by Fox News Digital.  The legislation seeks to implement recommendations published by the Government […] ...

Harley-Davidson is recalling over 82,100 Softail motorcycles due to a faulty part that could damage its rear tire and make it suddenly lose pressure. The company said in a report filed earlier this month with the National Highway Traffic Safety Administration (NHTSA) that the recalled 2018-2019 FLDE, 2018-2021 FLHC, 2018-2024 FLHCS, 2018 and 2023 FLHCS ANV, […] ...

American Express has significant updates in the pipeline for its Platinum credit cards.  The company’s U.S. consumer and business Platinum Cards are slated to get “major” updates “later this year,” American Express said. American Express executive Howard Grosfield said Monday in a statement that the company is “going to take these Cards to the next […] ...

23andMe co-founder Anne Wojcicki is slated to regain control of her DNA-testing company after a nonprofit she controls outbid rivals in a bankruptcy auction.  TTAM Research Institute, a nonprofit public benefit corporation based in California and led by Wojcicki, won the sale of substantially all of 23andMe Holding Co.’s assets, including the Personal Genome Service […] ...

An Air India Boeing 787-8 Dreamliner turned around and went back to its point of origin after takeoff, just days after the airline experienced a deadly crash that killed 241 people onboard. Air India’s flight AI315 returned to Hong Kong on Monday as a precautionary measure due to “a technical issue,” the airline told Reuters. […] ...

Activist investor Barington Capital Group is calling for Victoria’s Secret to restructure its board of directors and scrap its recently adopted shareholder rights plan.  James Mitarotonda, the CEO of the New York-based hedge fund, which owns more than 1% of the company’s outstanding common stock, told Victoria’s Secret Chair Donna James in a letter Monday […] ...

Donald Trump Jr. and Eric Trump on Monday unveiled “Trump Mobile,” a new carrier service and technology company that they say will make phones in America. During an event at Trump Tower in Manhattan, President Donald Trump‘s sons said the company would offer 24/7 roadside assistance, unlimited texting and unlimited calling to over 100 countries […] ...

The Supreme Court on Monday granted a faith-based pregnancy nonprofit’s request to review its case against the New Jersey attorney general in which it alleged he violated the nonprofit’s free speech rights. The case was brought by First Choice Women’s Resource Centers, a group of five Christian-based centers that provide services to women facing unplanned […] ...

At Home Group has filed for bankruptcy to help the home decor retailer undergo a restructuring. The company announced Monday it started Chapter 11 bankruptcy proceedings so that it can implement a “restructuring support agreement” that it has signed with lenders “holding more than 95% of the Company’s debt.” The restructuring support agreement will help […] ...