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The Trump administration’s budget office told FOX Business Wednesday that it is canceling $1.5 billion in blue-state grants, citing concerns about how funds are being managed in California, Colorado, Illinois and Minnesota. The Office of Management and Budget (OMB) said it will target projects at t...

FIRST ON FOX: The House Judiciary Committee has opened a formal investigation into actions by South Korean regulators that lawmakers say may discriminate against American technology companies. In an attempt to learn more, the committee has issued a subpoena to U.S. e-commerce giant Coupang for docu...

Pizza Hut will close about 250 locations in the U.S. through June as its parent company, Yum! Brands, moves to shut underperforming stores and reassess the brand’s long-term strategy, executives said. Yum! Brands Chief Financial Officer Ranjith Roy said during an earnings call that the closures wil...

Football fans were left furious after a major sports apparel brand came under fire for multiple Super Bowl merchandising issues ahead of the big game this weekend. Fanatics released a statement on Tuesday responding to recent backlash on social media over low stock and complaints about the quality ...

A prediction market company best known for allowing users to bet on world events is stepping into New York City’s food scene — if only briefly — with the launch of what it’s calling the city’s first-ever free grocery store. Polymarket will be open for New Yorkers in Lower Manhattan starting at 12PM...

U.S. employers' announced job cuts surged in the month of January and hit the highest level since 2009, a new report shows. Global outplacement and executive coaching firm Challenger, Gray & Christmas found that employers announced 108,435 job cuts in January – an increase from the 49,795 cuts anno...

Cracker Barrel responded to reports that it requires employees to eat exclusively at its restaurants while traveling for work, noting that the guidance is not new. The Southern-themed restaurant chain told FOX Business that its dining policy was first introduced in June 2024 and emphasized that emp...

Homebuilders are reportedly developing a plan to address prospective buyers' concerns about affordability with what they're calling "Trump homes" that would cater to first-time homebuyers. Bloomberg, citing sources familiar with the matter, reported that homebuilders, including Lennar Corp., are de...

Senate Banking Committee Chair Tim Scott said Wednesday that he doesn't think Federal Reserve Chair Jerome Powell committed a crime during his testimony last summer about the central bank's costly renovation project. Scott, R-S.C., said in an appearance on FOX Business' "Mornings with Maria" that w...

Lots of smart people think President Trump and the Republicans have a very steep uphill climb if they expect to win the midterms, especially the House. Newt Gingrich thinks if the election were today the GOP would lose. I’ve been exhorting GOP leaders to tout the red-hot economy with numbers and re...

Southwest Airlines will debut a new ad during the Super Bowl poking fun at its new assigned seating policy. The ad, "Boarding Royale," will air on Peacock and broadcast and local cable channels in six markets, including San Diego, Chicago, Denver, Austin, Dallas and Honolulu, during the big game Su...

A major distributor in the firearms and outdoor sporting goods industry has filed for bankruptcy. Big Rock Sports, LLC — a key supplier serving tens of thousands of retailers across the U.S. and abroad — has filed for Chapter 7 bankruptcy liquidation in the U.S. Bankruptcy Court for the Eastern Dis...