US economy unexpectedly shed jobs in July
The Labor Department released the July 2026 jobs report, which showed the U.S. economy shed jobs unexpectedly last month amid uncertainty over inflation.
July layoffs drop to lowest level in 2 years, Challenger says
Artificial intelligence was cited in 33% of July's job cuts, marking the fifth consecutive month AI topped reasons for workforce reductions.
OpenAI to pay $3.2 million to settle DOJ allegations it favored foreign workers over Americans
OpenAI allegedly failed to advertise PERM jobs on its careers website and required paper applications to discourage U.S. workers from applying
Trump regulators propose overhaul of 'weaponized' Community Reinvestment Act, say rule funded activist groups
Trump regulators propose CRA overhaul to stop banks from funneling community development funds to left-wing activist groups instead of local lending.
How America reached a political tipping point for socialism
From COVID-19 spending and inflation to border costs and education, FOX Business breaks down the "perfect storm" paving the way for a socialist surge in America.
Anthropic calls for industry-wide AI safety standards to keep models from wreaking havoc
Anthropic's red team leader, Logan Graham, reveals AI models can now hack devices and steal money, prompting the launch of Project Glasswing.
IRS raises business mileage deduction rate amid fuel price surge
The IRS raised its standard business mileage deduction to 76 cents per mile amid surging gas prices linked to the Iran war's disruption of oil flows.
New York becomes first state to freeze new AI data centers in move critics warn could drive away jobs
Dem Gov. Kathy Hochul announced the nation's first statewide moratorium on new AI data centers while officials develop new environmental standards.
Obamacare exchange flaw exposed Americans to unexpected health plan switches, watchdog finds
The GAO found that the federal Obamacare exchange lacked safeguards for consumers and allowed unscrupulous agents and brokers to make unauthorized enrollments or plan changes.
Trump admin maps out sweeping rollback of regulations in push to save $1.5T
The 2026 regulatory plan targets 702 federal rules with a projected $1.5 trillion in cost savings, dwarfing last year's record $211.8 billion.
US economy added jobs at a slower pace than expected in June
The Labor Department released the June 2026 jobs report, which showed the U.S. economy added jobs at a steady pace last month despite uncertainty over inflation.
BLS took steps to fix data release failures but watchdog says more safeguards are needed
A watchdog report found BLS released CPI and jobs data at improper times in 2024, saying the agency still needs additional safeguards for economic data.
Ford recalls 741,195 SUVs and pickups after transmission defect raises rollaway risk: NHTSA
Ford recalls over 741,000 vehicles including Expedition SUVs and F-150 pickups over a transmission defect that can damage the parking mechanism.
Energy secretary says $17.5B in loans will help 'unleash the next American nuclear renaissance' for reactors
The Department of Energy announced $17.5 billion in conditional loans to strengthen the nuclear reactor supply chain and accelerate construction timelines.
US shoulders disproportionate cost of new medications, report finds
A new Office of Health Policy report reveals Americans shoulder a disproportionate share of prescription drug costs, covering nearly 80% of innovative revenue for new medications.
DOJ probes JPMorgan, Citigroup transactions tied to Iran supreme leader's business network
A Justice Department probe is reviewing transactions tied to a business network linked to Iran's supreme leader and its reported connections to Wall Street firms
GSA sells Old Post Office Building in Washington, once home to Trump hotel
The GSA announced the sale of the Old Post Office Building on Pennsylvania Avenue, formerly Trump International Hotel, with preservation covenants for the clock tower.
GOP lawmaker unveils bill to codify a strategic bitcoin reserve
Rep. Nick Begich unveils the American Reserve Modernization Act to establish a U.S. strategic bitcoin reserve within the Treasury Department with bipartisan support.
Bezos says Mamdani’s tax on luxury NYC homes is ‘fine’ despite backlash
Bezos backed Mamdani’s pied-à-terre tax proposal while arguing higher taxes on billionaires won’t meaningfully help working-class Americans.
US economy added 115,000 jobs in April, beating expectations
The U.S. economy added jobs at a modest pace last month according to the Labor Department's April 2026 jobs report that was released on Friday.


















