Business

Once again, the inflationistas who are really rooting against new Fed head Kevin Warsh have been proven wrong. The June inflation numbers went negative. The July inflation numbers did almost the same thing. Consumer prices were basically flat, and producer prices the same.I don’t really think much of the producer price index the way it’s been reconfigured by the Bureau of Labor Statistics, but anyway it was flat, 0.0 percent, […]

Tyson Foods announced Thursday that it will close two facilities and is pursuing the sale of a third as it makes "strategic changes" to its beef business.The company will end operations at its Joslin, Illinois, beef plant and its Eagle Mountain, Utah, case-ready facility, while pursuing a sale of its Pasco, Washington, beef facility, according to a Tyson Foods news release."Tyson Foods will anchor its beef business around three strategically […]

Wealthy homebuyers are increasingly looking to lower-tax, business-friendly states such as Texas as taxes and regulation play a bigger role in where affluent Americans choose to live and invest, according to Mauricio Umansky, founder and CEO of global brokerage The Agency."That trend is definitely happening," Umansky told FOX Business of affluent residents leaving high-tax blue cities and states. "… But not only tax friendly — business friendly."Umansky, whose firm has […]

A ticket sold in Illinois matched all six winning numbers in Wednesday's Powerball drawing to claim the $1.040 billion jackpot.The grand prize has an estimated cash value of $450.5 million and ranks as the eighth-largest Powerball jackpot ever won, according to Powerball.The largest lottery jackpot in U.S. history was won on Nov. 7, 2022, when a ticket sold in California claimed a $2.04 billion Powerball prize. A $1.817 billion Powerball […]

A fan-favorite Costco baking staple is returning to warehouse shelves after a two-year hiatus, drawing celebrations from shoppers who had been waiting for its comeback.Costco has brought back its Kirkland Signature Semi-Sweet Chocolate Chips after removing the item in July 2024, when rising cocoa costs made it difficult for the warehouse retailer to price the product competitively.The popular chocolate chips are sold under Costco’s Kirkland Signature private label. After their […]

McDonald's is moving into energy drinks, teaming with Red Bull as the fast-food giant expands its beverage lineup while working to drive more customers to its U.S. restaurants.Starting Aug. 17, participating McDonald's restaurants nationwide will sell the Red Bull Dragonberry Energizer, marking the company's entry into the energy drink category.The drink combines Red Bull with blue raspberry syrup and freeze-dried dragon fruit. Customers can substitute Red Bull Zero for a […]

Whole Foods announced Wednesday that it is recalling certain produce and prepared foods containing fresh jalapeño peppers supplied by Coast Citrus Distributors over potential salmonella contamination.The Food and Drug Administration said the recalled products were sold in 12 states and have "Best Before" dates ranging from Aug. 7 through Aug. 16.No illnesses have been reported in connection with the recalled Whole Foods products, according to the FDA.The recall includes select […]

Home Depot CEO Ted Decker is taking a temporary medical leave of absence, the company announced on Wednesday.The home improvement retailer expects Decker, who also serves as chair and president, to return "within the next few months," according to a Home Depot news release.During his absence, Senior Executive Vice President Ann-Marie Campbell will oversee Home Depot’s day-to-day operations. Chief Financial Officer Richard McPhail will oversee Home Depot's financial management and […]

The boom in weight-loss drugs may have transformed the obesity market, but Novo Nordisk’s CEO says the industry is still only scratching the surface with tens of millions of Americans potentially eligible for treatment.Novo Nordisk President and CEO Mike Doustdar joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss the adoption of GLP-1 drugs, their potential economic impact and the company’s outlook for medicines, including Wegovy."We are clearly […]