Business

Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week's reading of 6.95%.The average rate on a 30-year loan was 6.3% a year ago.AMERICA'S BEST AND WORST CITIES FOR HOUSING AFFORDABILITY RANKEDThe average rate on a […]

Oil prices will rise even higher regardless of whether the Iran war ends, U.S. economic and political commentator Peter Schiff predicted during an interview with Fox News Digital on Wednesday, noting that he expects an economic "downturn."Schiff, chief economist and global strategist of Euro Pacific Asset Management and host of "The Peter Schiff Show" podcast, described the elevated prices as "a tax on the economy," opining, "I don't think it's […]

Starbucks announced plans to close roughly 250 stores across North America this week, company COO Mike Grams revealed Thursday.Grams announced the closure in a public statement, saying that while most of its 18,000 North American stores were profitable, a small portion has been struggling."We have carefully reviewed our North America coffeehouse portfolio and identified locations where we do not believe we can consistently deliver the experience we want for customers […]

Exclusive: Google on Thursday announced a new initiative to partner with veterans groups to help 25,000 veterans, service members and military spouses enter the skilled trades, according to an announcement viewed by FOX Business.Google's announcement will feature a partnership with several prominent organizations that serve veterans around the nation, including Hiring Our Heroes, Student Veterans of America and the Home Builders Institute.The move comes against the backdrop of a shortage […]

Bank of America is expanding its skills-based hiring efforts, announcing Thursday that it will hire 1,000 additional apprentices over the next two years while investing $150 million in workforce development programs.The Charlotte, North Carolina-based bank said the new apprenticeship positions will span consumer banking, technology, operations and other business areas, building on the more than 800 apprentices it already hires each year through paid work-based learning programs."This is one more […]

Sen. Bernie Sanders, I-Vt., and Rep. Greg Casar, D-Texas, are introducing sweeping legislation Wednesday that would permanently ban artificial "superintelligence" and temporarily halt advanced AI development, an effort that has garnered support from several tech industry insiders.The formal rollout of the legislation and an accompanying statement of support from employees at leading AI firms were first reported by The Associated Press.The lawmakers' proposal would establish a new Cabinet-level agency, the […]

Independent grocers are facing mounting pressure from national retailers, with the head of the National Grocers Association warning that weak competition could eventually leave Americans with only a handful of major grocery chains.Greg Ferrara, president and CEO of the National Grocers Association, told FOX Business that independent stores are fighting to maintain access to products and competitive terms in an increasingly consolidated industry.He warned that America was approaching an "inflection […]

New York has overtaken the San Francisco Bay Area as the nation's largest tech talent market by workforce size for the first time, as the artificial intelligence boom helps reshape where technology companies are hiring and expanding.CBRE's 2026 Scoring Tech Talent report found that New York's tech workforce grew by 30,640 workers between 2022 and 2025 to 394,300, while the San Francisco Bay Area's tech workforce shrank by 23,900 to […]

Jaguar Land Rover expanded an existing recall to include an additional 23,677 vehicles over an electronic system error that may lead to the loss of drive power and exterior lighting, according to federal regulators.About 23,677 vehicles are affected by the recall, including 2021-2024 Land Rover Range Rover Velar, 2019-2024 Land Rover Range Rover Sport, 2020-2024 Land Rover Range Rover Evoque, 2020-2024 Land Rover Range Rover, 2021-2024 Jaguar F-Pace, 2021-2024 Jaguar E-Pace, […]