FOX Business Briefs 8/8
Wendy’s cuts profit outlook; Under Armour forecasts downbeat sales; CDC: Most Americans get more than half of their calories from processed foods; October is now the top month for weddings.
India, China in the crosshairs as US eyes retaliation over Russia ties
Trump has previously singled out the top buyers of Russian energy since the war began, accusing them of blunting the impact of Western sanctions and helping sustain Moscow’s economy.
Sanctioning Russia Act threatens Moscow, allies with 500% tariffs
The legislation grants President Donald Trump sweeping authority to impose economic, financial and trade penalties should Moscow refuse to negotiate peace, violate an existing agreement or launch further attacks.
GOP lawmaker reveals why Russia ‘suddenly’ wants to talk
Rep. Greg Steube, R-Fla., weighs in on the Trump administration playing hardball with India and China with tariffs for buying Russian oil on 'The Evening Edit.'
Trump’s tariff threat puts semiconductors on display
Chip stocks, including Nvidia and AMD, were among the most actively traded actively as Nasdaq flirts with 17th record close of 2025 as Trump eyes chip tariffs.
Fed official calls July jobs report 'concerning' as economy hits potential turning point
Fed Governor Lisa Cook said that the weak July jobs report and large downward revisions suggest the U.S. economy could be at a "turning point" as businesses face elevated uncertainty.
Trump extending China trade truce feels likely to happen: Howard Lutnick
U.S. Commerce Secretary Howard Lutnick discusses President Donald Trump's potential trade agreement with China and Apple's new $100 billion investment in the U.S. on 'Mornings with Maria.'
Trump 'Liberation Day' reciprocal tariffs take effect
President Donald Trump's tariff increases took effect Thursday as trade tensions escalate, with countries like Canada and India facing high duties.
Trump's higher tariffs go into effect on dozens of countries
President Donald Trump's higher import taxes on dozens of countries went into effect on Thursday, impacting more than 60 countries and the European Union.
Rand Paul warns against retaliatory tariffs: 'It's fighting words when you come after Kentucky bourbon'
Senator Rand Paul, R-Ky., discusses the impact of retaliatory tariffs on Kentucky bourbon and whisky as well as the effects of tariffs on consumers on 'Kudlow.'
Trump raises tariffs on India, Canada, Brazil and others over stalled trade deals
The Trump administration implements sweeping tariffs while securing deals with key partners and maintaining temporary truces with Mexico and China.
Trump still has a window to play 'hardball' on trade deals, tariffs: Larry McDonald
New York Times bestselling author Larry McDonald discusses whether President Donald Trump's trade and tariff strategy is becoming clearer to critics on 'Morning with Maria.'
Trump hits India with 25% tariff over Russia oil purchases
President Donald Trump imposes 25% tariff on Indian imports through executive order citing the country's purchases of Russian oil amid Ukraine war.
Trump economist teases Apple investment deal: 'Trillion in commitments'
White House National Economic Council Director Kevin Hassett discusses President Donald Trump's trade deals and his decision to fire the federal statistics chief over inconsistent data on 'Mornings with Maria.'
Democrats are 'downplaying' Trump's economic 'recipe for success': Byron Donalds
Rep. Byron Donalds, R-Fla., debunks Democrats' 'seeds of a demise' under President Donald Trump's trade policies on 'The Bottom Line.'
GOP rep spotlights glaring issue with US’ current trade deal with India
Rep. Dan Meuser, R-Pa., defends President Donald Trump's trade policies against India's high tariffs on U.S. goods during an appearance on ‘Varney & Co.’
Markets will 'reward' Big Tech's $400B investment in AI, chief investment officer argues
Horizon Investments chief investment officer Scott Ladner and The Lonski Group founder John Lonski weigh in on Apple lagging behind Big Tech's A.I. investments and what tariffs mean for inflation on 'Mornings with Maria.'
A shadowy fleet of ‘ghost ships’ is ferrying Russian oil to Indian ports
Beijing and New Delhi continue to defy U.S. sanctions on Russian crude, much of which is funneled through a growing fleet of untracked "ghost ships."
Trump to 'substantially' hike India tariffs, accuses country of fueling 'Russian war machine'
President Trump announces substantial tariff increases on India, accusing the country of profiting from Russian oil purchases while Ukraine war persists.
US collects $29B in tariff revenues in July, setting new monthly record
The U.S. collected more than $29 billion in tariff revenues in July, the highest monthly total to date so far this year, bringing the total to $152 billion.