EU seeks oil deal with Azerbaijan as euro drops below dollar amid soaring inflation
The European Union is seeking an oil deal with Azerbaijan as it attempts to cut oil dependence on Russia amid its war in Ukraine.
Fed's Bostic on July rate hike options: 'Everything is in play'
Atlanta Federal Reserve Bank President Raphael Bostic says "everything is in play" when it comes to July rate hike options after 9.1% inflation spike.
Economist explains how inflation problem becomes a 'growth problem'
Kleinheinz Fellow at the Hoover Institution at Stanford University Tyler Goodspeed argued that the probability of another 75 basis-point rate hike increased following the latest inflation data.
Euro, dollar a penny away from parity for first time in 20 years
The exchange rate between the U.S. dollar and the euro is about equal for the first time in 20 years amid concerns of a slowdown in the European Union.
Consumer finance bureau ‘out of control’ under Biden's director, critics say
CFPB Director Rohit Chopra is aggressively pursuing economic changes, and many pro-business groups and politicians are sounding the alarm about what they consider a "lawless" agency
EU plans another hit on Moscow revenue, goes after Russian gold: report
European Union looks to hit Russia's gold industry in its latest round of sanctions in an attempt to hit Moscow financially amid its war in Ukraine.
Funeral industry trying to hold the line as costs soar
Inflation in the United States is soaring, but data shows the funeral industry is absorbing much of its higher costs to avoid passing them along to customers.
Small business pain points to recession
Historic inflation is not mainly a result of Russia's war in Ukraine, and the Federal Reserve's interest rate hikes may cause a recession.
Fed chairman contradicts Biden, says Russia’s Ukraine invasion not the main inflation driver
Federal Reserve Chairman Jerome Powell appeared to contract President Biden’s claim that the Ukraine war was primarily responsible for inflation in the U.S.
Seized superyacht owned by Russian oligarch arrives in Hawaii flying American flag
A massive luxury superyacht linked to Russian oligarch Suleiman Kerimov sailed into Hawaii's Honolulu Harbor flying an American flag on Thursday.
In Louisville, Kentucky, the real estate market may be changing
On "American Dream Home" on FOX Business, host Cheryl Casone takes a look at Kentucky's horse country — and the housing market in and around Louisville.
Montana Sen. Steve Daines blasts bank CEO for 'woke' suspension
Montana Sen. Steve Daines sent a letter to the CEO of banking giant HSBC for suspending an executive who argued that “investors need not worry about climate risk.”
Mobile home rent increases skyrocketing as corporations take ownership
Rent in the U.S. is up over 20%, according to rent.com. Mobile or manufactured homes have historically been one of America’s most affordable housing options, but now investors are buying mobile homes parks and jacking up the rent.
Mortgage rates jump, reaching 5.23%
American homeowners continue to feel the pinch as the 30-year fixed-rate mortgage rate rose this week, averaging 5.23% as of Thursday. Rates hadn't exceeded 5% in over a decade.
Peter Schiff: We're nowhere near peak inflation
Euro Pacific Capital chief economist and strategist Peter Schiff provides insight on how the Federal Reserve could respond to inflation on “The Claman Countdown.”
EU nears Russia oil sanctions agreement, with carve-out for pipelines
A new proposed agreement for sanctions against Russian oil could draw more countries in by allowing an exception for pipelines, but it may be too weak for some.
Dollar heads toward monthly loss as investors scale back bets
The dollar suffered losses last week and was headed toward its first monthly decline in five months as concerns about a global recession have begun to wane.
Russia could default on debt payments after US doesn't extend license to pay bondholders
Russia may default on international debt for the first time since the Bolshevik Revolution after the U.S. chose not to extend its license to Russia to pay bondholders.
Everybody getting 'hurt' by inflation: Investment expert
Calamos Investments CEO John Koudounis discusses the impact of inflation on Americans and weighs in on volatility in the markets.
High inflation rate makes a recession 'difficult to avoid:' John Koudounis
Calamos Investments president & CEO John Koudounis discusses inflation rates following the Dow Watch's longest weekly losing streak since 1923 on 'Fox News Live.'