U.S. Economy

The owner of a Connecticut bakery described how Russia's war with Ukraine has been impacting his business as the conflict has been contributing to the rising cost of ingredients and gas.

Biden has recently made a concerted effort to blame Russia's ongoing invasion of Ukraine as the main source of economic turmoil in the U.S., pointing to disrupted markets.

Container ship operators and big importers like IKEA and Walmart Inc. will soon negotiate freight rates that could affect the prices consumers pay for everything from jeans to cars.

Experts and lawmakers sound the alarm on how conflict between Ukraine and Russia poses threats of a cyberattack and surging food prices.

The Biden administration is telling Congress that it needs an additional $30 billion to press ahead with the fight against COVID-19, officials said.

President Biden signed an executive order requiring project labor agreements, or agreements with labor organizations, for all federal construction projects over $35 million.

House Majority Leader Steny Hoyer argued that President Biden is doing a good job fostering the United States' economic recovery from the pandemic.

Delta employees are being hit hard by COVID-19 but CEO Ed Bastian is optimistic about the future.

The NAACP, Black Lives Matter, and other groups have appeared to be silent as Black unemployment saw another increase in December 2021.

As omicron continues to surge in New York, the state's tourism is reportedly taking a hit.

Mike Rowe warns that more Americans leaving their jobs will impact smooth roads, indoor plumbing, affordable electricity and so forth.

More Americans filed for unemployment benefits last week.

In a statement provided to FOX Business on Saturday, Amazon said it was "deeply saddened" by the deaths of employees at an Illinois warehouse on Friday night.

The tight U.S. labor market is likely to persist into 2022, pressuring companies to find creative solutions to retain and attract workers.

Pharmacies are reportedly running out of important prescription medications, and the U.S. Food and Drug Administration (FDA) shows there are about 111 drugs on backorder – including heart medications, antibiotics and cancer drugs.

Federal Reserve Chairman Jerome Powell acknowledged Tuesday that he now expects high inflation to continue into the middle of 2022, stating that the government should no longer push what had been a recurring slogan of it being "transitory."

House Democrats are maintaining that inflation is manageable as they head into the new year.

The nationwide average for gasoline prices is up by more than 60% from Thanksgiving 2020, according to the American Automobile Association (AAA).

The Biden administration will reportedly invest billions of dollars into expanding the domestic production of COVID-19 vaccines.

Wynn Resorts Ltd CEO Matt Maddox will step down at the end of January and hand over the reins to executive Craig Billings