fox-business/economy
Amazon cuts 14,000 corporate jobs in major workforce reduction move
Federal Trade Commission Chairman Andrew Ferguson explains Amazon’s billion-dollar settlement with the Federal Trade Commission on ‘Making Money.’ Amazon is planning to cut 14,000 roles from its corporate workforce as part of an internal restructuring, according to a message shared with employees on Tuesday. “We’re working hard to support everyone whose role is impacted, including […]
Social Security COLA for 2026 revealed after being delayed due to shutdown
Social Security Administration Commissioner Frank Bisignano details efforts to combat waste, fraud and abuse on ‘The Bottom Line.’ The annual inflation adjustment for Social Security benefits was released on Friday, and beneficiaries are set to see larger benefits in 2026. Social Security’s annual cost-of-living adjustment (COLA) will be 2.8% next year, following the announcement by […]
September CPI: Inflation remained well above the Fed’s target
Banrion Capital Management founder & CEO Shana Sissel analyzes the Federal Reserve’s approach to inflation, the impact of AI on job markets and more on ‘Making Money.’ Inflation stayed elevated in September and remained well above the Federal Reserve’s target rate as policymakers prepare to meet next week to decide on their forthcoming interest rate […]
Oil prices jump 5% after US sanctions target Russian oil companies
Sen. Markwayne Mullin, R-Okla., joins Varney & Co. to discuss alternatives to sending Tomahawk missiles to Ukraine, sanctions on Russian oil, and President Donald Trump’s strikes on Venezuelan boats. Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia’s war in Ukraine. Brent crude futures were up 5%, […]
SNAP food stamps funding could be delayed in November for 42 million Americans
Fox News senior congressional correspondent Chad Pergram has the details from Capitol Hill on ‘Varney & Co.’ Millions of Americans who rely on federal food assistance could face benefit delays if Congress does not break its budget stalemate. The U.S. Department of Agriculture (USDA) sent a letter on Oct. 10 to all regional Supplemental Nutrition […]
US businesses and consumers bear majority of tariff costs, study finds
Apollo Global Management chief economist Torsten Slok weighs in on President Donald Trumps threat to increase Chinas tariffs, his outlook for the economy and more on Barrons Roundtable. A new analysis breaking down the passthrough of tariff costs finds that U.S. businesses and consumers are shouldering the majority of the cost at this point, rather than […]
US warns China as Trump admin ramps up manufacturing, minerals push
U.S. trade representative Jamieson Greer updates U.S.-China trade talks and President Donald Trump’s upcoming call with Xi Jinping on ‘Mornings with Maria.’ The United States is pushing back against what it regards as China’s latest attempt to intimidate foreign firms investing in America’s industrial revival. In a fiery statement issued Monday, U.S. Trade Representative Jamieson […]
Trump, Albanese sign $8.5B rare earths deal to counter China dependence
NioCorp CEO Mark Smith told Mornings with Maria the Pentagon’s $10M grant will boost Nebraska’s rare earth project as the U.S. races to rebuild supply chains vital for security and the economy. President Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on rare earths and critical minerals as the two allies […]
US steelmaker Cleveland-Cliffs to produce rare earths domestically
Barrons Roundtable discusses the importance of rare earths and magnets, and China’s monopoly over the industry. A major U.S. steelmaker is looking to help kickstart domestic production of rare earth minerals amid China’s move to block access amid its trade dispute with the Trump administration. Cleveland-Cliffs, a steelmaker headquartered in Ohio, announced the rare earths plan on […]
Jon Taffer opens new Taffer’s Tavern location on Orlando’s I-Drive
Reality TV’s bar boss Jon Taffer explained why he chose the location for his newest establishment, as well as what’s to come for “Bar Rescue,” when he sat down with FOX Business on Oct. 15, 2025. People lined up outside one of Orlando’s newest establishments for its grand opening and ribbon cutting this week, hosted […]