Business

Federal Reserve Chairman Jerome Powell confirmed the central bank had been served by the Justice Department in connection with allegations related to congressional testimony on the renovation of the bank’s headquarters. (Credit: Federal Reserve) A simmering feud between the Trump administration and the Federal Reserve reached a boiling point this …

Pensioners are being forced to pay up to £2,000 on their State Pensions under Labour. Some 320,000 retirees had to pay whopping tax bills of at least £1,000 in the last financial year on their State Pensions, an increase of 71,000 compared to 2024-25. However, the number of pensioners who …

American Real Estate Association co-founder Jason Haber unpacks the state of the housing market and assesses Redfin’s announcement of a ‘great housing reset’ coming in 2026 on ‘The Claman Countdown.’ Rising escrow payments are eating into Americans’ budgets, creating an even bigger barrier for people trying to enter the housing …

The frozen income tax thresholds have led to more than a million extra demands for tax, new figures have revealed. The Tories started the freeze in 2021 – and since then it has been extended with current Chancellor Rachel Reeves announcing it will continue until 2031 in her November budget. …

Check out what’s clicking on FoxBusiness.com. The Food and Drug Administration announced that a recall of cheese products has been upgraded to the most serious risk category after testing positive for a potentially deadly bacteria, Listeria monocytogenes. The Ambriola Company first issued a voluntary recall in November for certain cheese …

Several British households could be eligible for up to £50 towards their heating bills this winter after a bitterly cold spell. The Cold Weather Payment, issued by the Department for Work and Pensions (DWP), aims to help vulnerable households that receive certain benefits cover their heating costs during freezing conditions. …

Yardeni Research president Ed Yardeni discusses economic drivers heading into 2026 on Making Money. Consumer sentiment ticked higher in early January despite lingering concerns about inflation and a weak labor market, according to the latest release from the University of Michigan’s Surveys of Consumers. Michigan’s Consumer Sentiment Index rose to …

The Department for Work and Pensions is under pressure to abolish the state pension for retirees exceeding particular income thresholds. Campaign groups are demanding entitlement reductions for those earning above £20,000 and a full termination of state pension payments for those with retirement incomes surpassing £50,000. The petition suggests the …

Novo Nordisk executive vice president of U.S. operations Dave Moore discusses the drugmaker’s newly launched once-daily oral weight-loss pill on ‘The Claman Countdown.’ Wegovy’s oral version of its injectable weight-loss drug is seeing tremendous interest, Novo Nordisk executive Dave Moore told FOX Business on Friday. Wegovy’s once-daily pill, an oral …

Martin Lewis quizzes Rachel Reeves on pensions Millions of workers earning £50,000 or more are being warned they could miss out on hundreds or even thousands of pounds in pension tax relief unless they take action. As frozen tax thresholds continue to pull more people into the higher-rate and additional-rate …