Economy

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Bessent says South Carolina rare earth plant breaks China’s chokehold

Treasury Secretary Scott Bessent told FOX Business' Edward Lawrence that South Carolina’s new rare earth…

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October jobs report among key economic data delayed by government shutdown

The ongoing government shutdown has disrupted the flow of economic data from federal agencies and…

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Jamie Dimon warns states that are driving businesses out will face ‘backfire’

JPMorgan Chase CEO Jamie Dimon warned that high-tax, regulation-heavy states are driving businesses and residents…

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40 busiest US airports face 10% flight cuts due to government shutdown

Forty of the busiest airports in the U.S. will see a 10% flight reduction starting…

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US layoffs surged in October to 22-year high amid AI adoption, cost-cutting

U.S. employers ramped up layoffs in October to the highest level for the month in…

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United Airlines offers refunds to passengers during government shutdown

United Airlines customers with flights booked to travel during the government shutdown will be eligible…

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Trump touts growth in private sector jobs, federal workforce reductions

President Donald Trump on Wednesday touted his administration's efforts to curb the size of the…

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Private sector adds 42,000 jobs in October: ADP

Companies in the private sector added 42,000 jobs in October, payroll processing firm ADP said…

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Supreme Court hears Trump tariff case with billions in revenue at stake

The Supreme Court on Wednesday will hear arguments in the case challenging the legality of the…

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Bessent says US housing market in recession due to high interest rates

Treasury Secretary Scott Bessent said the U.S. housing market is one subset of the economy that…

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