Buy now, pay later comes with its risks, experts warn
QI Research CEO and Chief Strategist Danielle Dimartino Booth has identified inflation as hitting consumers in the most difficult place of “making money.” Buy Now, later payment solutions are surged in popularity in the current economy, and according to research and markets, the industry is projected to increase by 12.2% per year to reach $122.26 […]
Small Business Administration to cut about 2,700 jobs as part of restructuring
Please see what you are clicking on foxbusiness.com. Small business managers announced that they would cut employment by around 2,700 people. This accounts for around 43% of the workforce as part of the agency restructuring. Founded in 1953 to provide resources to small businesses and help manage disaster recovery loans, SBA said cutting the 6,500-person […]
Consumers may face higher beef prices from businesses
FOX Business Correspondent Jeff Flock discusses record ground beef prices due to the issue of supply of “Varney & Co.” Beef prices are high for US businesses and consumers. They are forced to make tough decisions on how to handle the increased costs, and some companies are passing costs to their customers. Rob Passio, Lombardi's […]
Elon Musk tells Tesla workers it ‘feels like Armageddon’ during all-hands meeting
Fox News Senior Correspondent Alicia Acuna reports on the latest in vandalism against Tesla and the Department of Justice, which has released accusations of the alleged arsonist. Tesla CEO Elon Musk urged staff at his company to “stick to your stock” during all hands meetings that admitted to “feeling like Armageddon” after seeing news reports […]
Trump presses Fed’s Jerome Powell to cut interest rates
Federal Reserve Chair Jerome Powell explains how policymakers work to determine whether tariffs are already contributing to sustained inflation. The Federal Reserve did not change interest rates at its March meeting shortly after it learned that President Trump prefers a different strategy. “As Ustariffs begin their economic transition (easy!), the Fed will have much better […]
EU retaliatory tariffs against US delayed to mid-April
American distilleries are warning consumers of the economic domino effect as other countries are beginning to place retaliatory tariffs on the US beverage industry. The European Union (EU) delayed the imposition of its first retaliatory tariffs on the United States until mid-April. President Donald Trump Earlier this month it threatened a 25% tariff increase on […]
Social Security Administration to require more in-person visits
Please see what you are clicking on foxbusiness.com. Those who cannot use online identity probing tools will need to immediately visit their local Social Security Agency in person to prove their identity, the Social Security Agency (SSA) said Tuesday. “Over the next two weeks, SSA will carefully move towards stronger personal information proofing procedures, both […]
44% of Washington DC restaurant owners think they’ll close in 2025
Please see what you are clicking on foxbusiness.com. Possible restaurant closures loom on restaurants in the country's capital. 44% of full-service casual restaurants operating in Washington reported that closing their doors was “very” or “somewhat” in 2025. Local media outlet WJLA reported on the investigation and was conducted and published in 217 restaurants in the […]
Federal Reserve leaves interest rates unchanged
Powell will make his remarks after the Fed has made its first interest rate decision since the start of the trade war. The Federal Reserve announced on Wednesday that it would change benchmark interest rates as policymakers continue to assess uncertainty about inflation and economic conditions in light of federal policy changes. As per the […]
How many rate cuts does the market expect this year?
Maria Bartiromo of Fox Business has exclusively learned that President Trump has appointed Federal Reserve Governor Michelle Bowman for the role of vice-chairman for oversight. Federal Reserve policymakers are holding a meeting this week and are expected to announce their rate decisions on Wednesday, leaving behind changeless interest rates amid uncertainty over the economy and […]