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FAA announces record unruly passenger fines

The Federal Aviation Administration (FAA) announced Friday that it has proposed the largest-ever fines against two passengers for alleged unruly behavior. 

Posted by FOX Business Team

Crypto is 'too big to fail': Portnoy

Barstool Sports founder and president Dave Portnoy discusses Bitcoin 2022, Elon Musk at Twitter and Tiger Woods' return to golf in a wide-ranging interview on 'Varney & Co.'

Posted by FOX Business Team

Home sellers lower asking prices as mortgage rates rise

Real estate adviser Kirsten Jordan discusses rising mortgage rates and the 'cloudy' housing market as first-time homebuyers grapple with surging prices and low demand.

Posted by FOX Business Team

ProShares launches Supply Chain Logistics ETF

The ProShares Supply Chain Logistics ETF trades under the ticker symbol SUPL and offers exposure to 40 shipping, railroad, air cargo, trucking, technology and brokerage companies that make up the FactSet Supply Chain Logistics Index.


The fund's top 10 holdings include Canadian Pacific Railway, Union Pacific Corp., CSX Corp., UPS, Amadeus IT Group SA, Evergreen Marine Corp., FedEx, DSV A/S, Expeditors International of Washington Inc. and Kuehne+Nagel International AG. 

Posted by FOX Business Team

Walmart offering new truckers starting salary of up to $110,000

As part of an effort to keep its supply chain moving, Walmart is offering new truck drivers a starting salary range of $95,000 to $110,000 for their first year.


The retailer has also launched a 12-week private fleet development program, where its existing supply chain workers in Texas and Delaware can earn their commercial driver's license (CDL).

Posted by FOX Business Team

McDonald's brings back a spicy fan-favorite to select locations

McDonald's has announced the return of a sold out, menu favorite: the Spicy McNugget. 

The item, which became a quick hit with fans in 2020, will only be returning to select McDonald's across the country.

Posted by FOX Business Team

Wall beds sold at Amazon, Costco recalled after woman crushed to death

Nearly 130,000 wall beds that were on the market for about eight years are being recalled after one fell on a 79-year-old woman in 2018 and killed her, according to the U.S. Consumer Product Safety Commission (CPSC). 

Bestar and the CPSC jointly announced the recall of 129,000 Bestar Wall Beds "due to serious impact and crushing hazards," according to a notice posted by the CPSC. 

Posted by FOX Business Team

Red-hot housing market can’t ‘possibly sustain itself,’ real estate agent warns

With 30-year mortgage rates reaching a three-year-high, you’d think it’s safe to assume homebuyers’ demand has cooled off – but one real estate agent is sounding the alarm over the market overheating.

"One would have thought that that would slow down, but literally people were waiting around the block for four hours," Redfin agent Ian Rubinstein told FOX Business’ Connell McShane about a recent listing in Woodmere, New York, which had 15 offers by the end of day.

"Being in the real estate business, I want this to go on forever. But being rational? It can't possibly sustain itself," Rubinstein cautioned.

Posted by FOX Business Team
Breaking News

Stocks mixed, bond yields climb as Fed continues to weigh


U.S. stocks are mixed Friday as investors continued to digest signals about Federal Reserve policy.

Posted by FOX Business Team

Stagflation risks grow as Ukraine war fuels even higher inflation

The U.S. economy is at a mounting risk of spiraling into a 1970s-style stagflation crisis as the Russia-Ukraine war exacerbates already sky-high inflation, according to a new analysis

The Economist Intelligence Unit, in a Thursday note, predicted that consumer prices will continue to hover near a 40-year-high "at least until the middle of the year," weighing on consumer spending and real GDP growth. The London-based group already lowered its forecast for U.S. GDP this year from 3.4% to 3%. 

Posted by FOX Business Team

Deutsche Bank predicts US recession in 2023 due to Fed rate hikes

An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank. 

"We no longer see the Fed achieving a soft landing," Deutsche Bank economists led by Matthew Luzzetti said in the analyst note. "Instead, we anticipate that a more aggressive tightening of monetary policy will push the economy into a recession."

Posted by FOX Business Team

Stock futures add to gains after benchmarks snap slide

U.S. equity futures traded higher Friday morning, pointing to further gains after stocks snapped a two-day skid. Continue reading

Posted by Ken Martin

Oil prices trade higher, head for weekly decline

Oil prices traded  higher Friday morning as an announced planned release of 240 million barrels from emergency stocks offset some concerns over reduced supplies from Russia caused by western sanctions. Continue reading

Posted by Ken Martin

Bitcoin trades around $43,000, down 4% for the week

Bitcoin is trading around $43,000 Friday morning after falling for a fourth straight day. Bitcoin is down more than 4% month-to-date and off more than 5% year-to-date. Continue reading

Posted by Ken Martin

Gasoline continues to slide

The average price for a gallon of gasoline in the U.S. slipped on Friday to $4.139, according to the latest numbers from AAA. The price on Thursday was $4.153. The previous record high was $4.33, set on Friday March 11, 2022. 

Posted by Ken Martin

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