FOX Business News

Former Treasury Secretary Larry Summers on Monday offered his “best guess” of how high the Federal Reserve will hike interest rates and said there could potentially be a recession.  Summers said to CNN that he doesn’t think there’s “any question” that the U.S. does not “have inflation on a secure […]

A new supplier problem has stymied deliveries of Boeing’s 767 freighter and KC-46 tanker, the company confirmed on Tuesday. According to a March 6 report by aviation publication The Air Current, Boeing has not delivered any 767-based jets in 2023 due to a quality issue surrounding the center fuel tank […]

A bipartisan group of senators unveiled a new bill that would restrict technology — including software, hardware and social media platforms such as TikTok — developed in adversarial nations like China and Russia from being available to users in the U.S. due to the national security risks. A group of […]

January Jones is calling out Hollywood executives, criticizing the work-from-home trend they continue to use inspired by the Coronavirus pandemic. “Note to Hollywood,” the “X-Men” actress wrote to her Instagram story. “It’s time for casting directors to come back into the office like everyone else. To audition actors in person.” […]

Johnny Depp bought several guitars and some pieces of furniture at an antique shop in Northern England after he helicoptered into the shop last week.  The “Pirates of the Caribbean” star shopped for several hours Friday evening at Hemswell Antique Centres in Lincolnshire until he had to leave for a […]

A lot of news today on both monetary and fiscal policy from the Biden administration and frankly, none of it is particularly good.  The stock market dropped 500 points on announcements about Federal Reserve policy and some early leaks on the Biden administration budget policy.  Later in the show we will welcome […]

Federal Reserve Chairman Jerome Powell and Sen. Elizabeth Warren engaged in a heated exchange Tuesday during the central bank chief’s latest appearance before Congress when he defended the Fed’s strategy for fighting inflation following criticism from the Massachusetts Democrat. The tension began after Warren noted the Fed has raised interest […]

A bipartisan group of 12 U.S. Senators introduced a bill on Tuesday that would give President Biden the ability to ban TikTok and other technology platforms owned by foreign adversaries.  Senate Intelligence Committee Chairman Mark Warner, D-Va., said that TikTok is not the only threat from hostile nations, noting that […]

Americans are feeling increasingly gloomy about their personal financial prospects over the next year as high inflation and rising interest rates squeeze consumers. A new survey from Fannie Mae shows that just 31% of respondents expect their personal financial situation to improve over the next year, the lowest reading in […]

More than two years ago, a pair of Google researchers started pushing the company to release a chatbot built on technology more powerful than anything else available at the time. The conversational computer program they had developed could confidently debate philosophy and banter about its favorite TV shows, while improvising […]