Economy

President Donald Trump is seeking to end production of new pennies. An expert told FOX Business the effect on consumers will be negligible.

The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.

Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more "overworked" than "overstaffed" in pushback against Elon Musk.

Ford CEO Jim Farley said at an analyst conference that while President Trump wants to help automakers, his Canada and Mexico tariffs could "blow a hole" in the U.S. auto industry.

Uncertainty grew among American small business owners in January while optimism remained high, according to a new survey from the National Federation of Independent Business.

A growing number of grocers have been placing limits egg purchases as shortages persist due to the highly pathogenic avian influenza, also known as bird flu.

Bed Bath & Beyond is making a comeback to stores thanks to a $25 million investment deal with Kirkland's. Industry experts are still questioning whether the brand will survive.

Kum & Go convenience stores across the U.S. are being rebranded to Maverik following the acquisition of the 1959-founded company in 2023. Several states are slated to be next.

New legislation in Congress that would cap credit card interest rates at 10% that has the backing of President Trump could reshape financial services, though it would carry a cost.

European Commission President Ursula von der Leyen said she would impose "firm and proportionate" countermeasures against the tariffs placed on steel and aluminum imports.

President Donald Trump's plan to impose 25% tariffs on imported aluminum and steel could in turn raise costs for American manufacturers that are passed on to consumers.

Elon Musk put the Federal Reserve on notice that the central bank could face an audit from his Department of Government Efficiency after he claimed the Fed is "absurdly overstaffed."

Trader Joe’s has instituted a cap on how many eggs its shoppers can purchase each day. It cited "ongoing issues with the supply of eggs" as the reason.

President Donald Trump spoke to reporters aboard Air Force One on Sunday and commented that the U.S. debt may be smaller than thought because of unspecified fraud.

Experts explain why the U.S. Court of Appeals for the Fifth Circuit struck down a rule that they say could have help consumers save billions in the car buying process.

OpenAI's Sam Altman suggests artificial intelligence will lead to lower prices for many goods, but warns authoritarian governments could harness AI's power to exert control.