Deficits from 'big beautiful bill' to rise nearly $2.8T under new dynamic estimate: CBO
The Congressional Budget Office projected that the House GOP tax bill – dubbed the "One Big Beautiful Bill Act" – would add $2.77 trillion to deficits over ten years.
Trump greenlights U.S. Steel deal, promising $11B investment and 100,000 American jobs
President Trump signs executive order allowing U.S. Steel partnership with Japan's Nippon Steel, with an $11 billion investment commitment.
'Tell China no!': New bill aims to crack down on China buying US land
FOX Business' Ashley Webster highlights which stock is at an all-time high and breaks down a new bill to crack down on China buying U.S. land on 'Varney & Co.'
Activist investor calls for Victoria's Secret board overhaul amid losses
Barington Capital urged Victoria's Secret to replace its board with directors experienced in brand revitalization, criticizing CEO Hillary Super's leadership strategy.
Home decor retailer files for Chapter 11 bankruptcy as part of restructuring
Home decor retailer At Home Group has entered Chapter 11 bankruptcy to pave the way for a "restructuring support agreement" it has reached with lenders.
America's power grid faces unprecedented challenge as AI and crypto drive demand skyward
Artificial intelligence and cryptocurrency are driving U.S. electricity demand to record highs, with data centers leading the surge as renewable energy's share increases to 27% by 2026.
Financial expert predicts a ‘bounce-back’ in the stock market after Israel strikes Iran
SlateStone Wealth chief market strategist Kenny Polcari discusses the ramifications of the Israel-Iran conflict on global markets on “Varney & Co.”
Oil, gold jump, stocks sink as Israel pummels Iran
Market reaction to Israel's attacks on Iranian nuclear sites sends oil and gold prices jumping while the Dow, S&P 500 and Nasdaq sink as investors abandon riskier assets.
Mortgage rates tick lower for second week in a row
The average rate on the 30-year fixed mortgage fell this week to 6.84%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.85%.
Fox Business Briefs 6/9
All eyes on May inflation data this week; Andrew Yang wants to team up with Elon Musk; Apple's Developers Conference kicks off; The happiest place on earth celebrates 70 years.
Home sellers face harsh new reality as listings hit record $698B value
A growing gap between sellers and buyers in the housing market indicates a coming shift as inventory in the U.S. reaches its highest level in five years.
Walmart expands drone delivery service to 3 more states in race against Amazon
Walmart is expanding its drone delivery service to three more states in a bid to compete with rival Amazon.
Trump urges Fed's Powell to cut interest rates by full percentage point: 'Rocket Fuel!'
President Donald Trump criticized Federal Reserve Chairman Jerome Powell again, calling him "Too Late," and argued for a full percentage point interest rate cut.
Padel courts become the ultimate status symbol for wealthy homebuyers in luxury buildings
Luxury real estate developers are incorporating private padel courts as premium amenities in high-end residential buildings, attracting wealthy buyers willing to spend millions.
Job growth continued to slow in May amid economic uncertainty
The Labor Department reported that the U.S. economy added 139,000 jobs in May, as employers slowed the pace of hiring amid uncertainty over economic conditions and policies.
Procter & Gamble slashing up to 7,000 jobs amid restructuring effort
Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.
ECB cuts rates as bets build on a summer pause
The ECB has now lowered borrowing costs eight times since last June, seeking to prop up a eurozone economy that was struggling before U.S. economic policies dealt it further blows.
US businesses are dealing with a ‘cloud of uncertainty,’ expert says
MacroMavens President Stephanie Pomboy predicts the market’s growth expectations in reaction to the U.S. and China’s ongoing trade tensions.
Private sector added just 37,000 jobs in May, lowest in over 2 years, ADP says
The figure reported on Wednesday is well below economists’ estimates of 110,000 jobs and also down from the prior month’s revised reading of 60,000 jobs.
Meta signs 20-year nuclear power deal with Constellation
Meta Platforms has entered a deal to purchase nuclear power from Constellation Energy Corporation’s Clinton Clean Energy Center in Illinois, the company announced Tuesday.



















