Business

Mortgage rates fell for the second week in a row, 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 fell to 6.65% from last week's reading of 6.67%. The average rate on a 30-year loan was 6.58% a year ago.SLOWING LABOR MARKET CREATES NEW HURDLE FOR FIRST-TIME HOMEBUYERS FACING AFFORDABILITY SQUEEZEThe average rate on a 15-year […]

The U.S. economy is currently "worse" than when former President Joe Biden departed office last year, economic and political commentator Peter Schiff asserted, warning that the nation faces the "threat" of a Democratic socialist winning the White House during the 2028 presidential election.President Donald Trump is "unpopular because the economy is worse now than it was when Biden left office," Schiff, chief economist and global strategist of Euro Pacific Asset […]

Federal agencies are warning that hackers are actively targeting industrial control systems used across U.S. water plants, factories, energy facilities and other critical infrastructure.The NSA, FBI, Department of Energy, EPA and Cybersecurity and Infrastructure Security Agency said Wednesday there is an "active threat" targeting Siemens S7 Series programmable logic controllers.Siemens said Thursday that it had not detected an increased level of attacks or any previously unknown vulnerabilities affecting its industrial […]

The Treasury Department on Thursday moved forward with new rules for investments in Trump Accounts that aim to exclude investment funds rooted in environmental, social and governance (ESG) criteria, FOX Business has learned.The rules restricting ESG funds from being included in Trump Accounts come alongside other rules ensuring that investment options in the accounts have low fees to ensure investors keep more of their money."Corporate America has rejected ESG ideology, […]

A new report by Wells Fargo spotlights how GLP-1 weight loss drugs are reshaping the healthcare industry by addressing obesity.Wells Fargo released a report Thursday which notes that much of the American healthcare system has been structured around obesity, given it has become a foundational condition in the country with 40.3% of adults considered obese and 9.4% severely obese.Usage of GLP-1 drugs surged in recent years, rising over 140% from […]

Amazon is preparing a roughly sixfold expansion of its Prime Air drone delivery network, targeting nearly 500 U.S. cities and towns by the end of 2026 as retailers and delivery companies race to make last-mile shipping faster and cheaper.The rollout would dramatically widen Prime Air's footprint from 11 current delivery sites across 10 metro areas and give Amazon a larger test of whether autonomous aircraft can become a meaningful part […]

The American dream of owning a home may be getting harder to achieve in some of the country's biggest cities, but new data suggests it remains alive and well in parts of Texas and the Sun Belt.According to WalletHub’s 2026 Best Real Estate Markets report released Wednesday, Frisco, Texas, took the top spot and was followed by neighboring McKinney, Texas. Murfreesboro, Tennessee; Durham, North Carolina; and Denton, Texas, rounded out […]

More than 600 bags of frozen dog food are facing a recall after FDA testing prompted by a consumer complaint found salmonella contamination.Connecticut-based Oma’s Pride issued a recall for one lot of Woof Complete Canine Chicken Recipe, the company announced on Monday.A total of 639 bags are affected by the recall effort. The impacted products have a manufacturing date of Jan. 27, 2026, and a best-by date of Jan. 27, […]

Steak 'n Shake, the fast-food chain embracing Health and Human Services Secretary Robert F. Kennedy Jr.'s Make America Healthy Again (MAHA) movement, announced that it will launch a new "Protein Steakburger" next month.The restaurant chain unveiled the Protein Steakburger, along with a Double Steakburger Double Cheese, with both menu items set to launch Sept. 1."Real ingredients. Real food. The Protein Steakburger consists of two 100% grass-fed, grass-finished Steakburgers," the company […]