fox-business/markets/economy
Texas voters approve new tax amendments
Texas Capital Bank CEO Rob Holmes joins ‘Mornings with Maria’ to discuss the bank’s record-breaking quarter, the state of regional lenders and why Texas is fast becoming America’s financial hub. Texas is cementing its reputation as one of the most business-friendly states in America, and now, it’s written into the state’s constitution. Voters approved three […]
Mega Millions jackpot hits $900 million for Tuesday night drawing
Check out what’s clicking on FoxBusiness.com. The Mega Millions jackpot continues setting records, now offering the eighth-largest jackpot in the game’s history. “The estimated jackpot for the next drawing on Tuesday, November 11, is a whopping $900 million ($415.3 million cash),” Mega Millions said in a media release on Saturday. As it marches towards the […]
Government shutdown could cut economic growth by half, Bessent warns
Treasury Secretary Scott Bessent told ABC’s “This Week” that the economy is “getting worse and worse” as the government shutdown drags on. (Credit: ABC “This Week”) Treasury Secretary Scott Bessent warned Sunday that the ongoing government shutdown is taking an escalating toll on the U.S. economy, saying growth could be cut “by as much as […]
FOX Business special explores socialism threat to future of US capitalism
FOX Business’ David Asman hosts a powerful discussion with business leaders, reporters, and contributors on the growing embrace of socialism following democratic socialist Zohran Mamdani’s New York City victory. The appeal of socialism remains strong and is expanding, even in America’s capital of capitalism. With democratic socialist Zohran Mamdani’s victory in New York City’s mayoral […]
Trump promises $2,000 dividend from tariff revenue for all Americans
U.S. Trade Representative Jamieson Greer joins ‘Mornings with Maria’ to discuss the Supreme Court tariff showdown, potential $200B fallout and new progress in U.S.-China trade relations. President Donald Trump said Sunday that people who do not support tariffs are “fools” and vowed to use the revenue generated from duties to fund a $2,000 dividend for […]
Honda issues recall affecting over 400,000 Civics over risk of wheels coming off
Check out what’s clicking on FoxBusiness.com. More than 400,000 Honda Civics were recalled after the automaker discovered that a manufacturing issue may cause wheels to come off the vehicle while moving. Honda announced the voluntary recall on Friday, impacting roughly 406,000 cars sold in the U.S. with model years from 2016-2021. The issue, stemming from […]
International flights won’t be impacted by shutdown, Transportation secretary says
Secretary Duffy said there will be a 10% reduction in capacity at 40 locations across the country as staffing shortages strain the FAA amid the longest government shutdown in history. International flights will continue operating as normal despite the ongoing government shutdown, Transportation Secretary Sean Duffy said Friday. Duffy spoke to reporters this morning at […]
LARRY KUDLOW: Happy affordability and happy Thanksgiving
I’m still thinking about affordability and this past Tuesday’s election. My latest obsession is the Walmart Thanksgiving bundle cost. President Trump said it’s 25% lower this year than it was last year. So, I did a little fact checking. It’s actually 28% less. Even better. In 2024, the Walmart Thanksgiving bundle cost about $53 for […]
Consumer sentiment hits 3-year low amid government shutdown fears
The Big Money Show panel discusses how rising grocery, housing and utility costs are impacting lower-income households. U.S. consumer sentiment declined to its lowest level in more than three years and near an all-time low as households’ concerns about the economic impact of the government shutdown mounted, according to new data. The University of Michigan’s Index […]
Airline passenger compensation rules when flights are canceled, delayed
FAA Administrator Bryan Bedford warns that widespread controller absences amid the government shutdown are already causing major flight delays and could worsen as Thanksgiving approaches. Airline passengers aren’t guaranteed refunds for certain flight disruptions. Under rules outlined by the Department of Transportation (DOT), if an airline cancels a flight or makes a major schedule change, […]