Business

Check out what's clicking on FoxBusiness.com High inflation that plagued much of President Biden's time in the White House could come back to haunt his likely successor, Vice President Kamala Harris, in the upcoming presidential election against Republican nominee Donald Trump.  Many investors anticipate that Harris will push for a continuation of Biden's economic policies that some believe exacerbated the inflation crisis. "In general, we think she’ll pick up the Biden-Harris mantle," strategists at Evercore ISI said in a note Tuesday. That could put her on a collision course with voters who are still feeling the sting of higher prices and are looking to hold someone accountable at the ballot box in November. "If it's essentially the same platform, Americans who feel left behind b...

Former President Trump discussed his relationship with Elon Musk and shares his opinion on EV mandates. Despite having a "good relationship" with Tesla's Elon Musk, former President Trump said he's completely "against" an electric vehicle mandate. During an interview on "FOX & Friends" on Thursday, Trump responded to claims that Musk would donate $45 million a month to a super PAC in support of his candidacy and discussed his relationship with the tech mogul despite his negative feelings towards an EV mandate."Somebody told me he was going to give me $45 million a month. I said, that sounds like a lot. And even for Elon, that’s a lot," Trump said. The Wall Street Journal reported that Musk was planning to donate $45 million a month to America PAC, which focuses on registering v...

Constellation Research founder R 'Ray' Wang joined 'Varney & Co.' to discuss Google's competition with Microsoft and weigh in on Netflix stock ahead of its reported earnings release. Brand impostor scams are proliferating and one of its victims is Amazon.  In other words, experts say consumers should beware if a message alerts them that there is an issue with their Amazon Prime account, like if their membership has been paused due to a payment issue for instance. Amazon Prime scams are similar to impostor call center scams that have been plaguing consumers in the U.S. for a decade, Michael Bordash, senior vice president of research and development at communications technology company Syniverse, told FOX Business.  AMAZON PRIME DAY: SCAMS TO WATCH FOR DURING MAJOR SALES EVENT Of...

Shaun White talks to Fox News Digital about his partnership with CVS and its new snack and beverage line Well Market. Team USA will be putting its most fashionable foot forward during the Olympic ceremonies in Paris, and so will athletes representing other countries. For the 2024 Summer Olympics, America’s team turned once again to Ralph Lauren to clothe its athletes for the opening and closing ceremonies. The New York-based luxury fashion brand created a separate design for each ceremony, both produced in the U.S.Ralph Lauren’s opening ceremony parade uniform for Team USA will include a "classic tailored single-breasted wool blazer with red and white tipping and a striped oxford shirt, unexpectedly paired with a tapered jean and a classic suede buck shoe," the company said in June...

The CyberGuy Kurt Knutsson analyzes the tech outage hitting airports, banks and hospitals on 'The Big Money Show.' CrowdStrike CEO George Kurtz announced that the company is still working to restore systems a week after causing a global computer outage that rippled through the global economy. As of Thursday, more than 97% of Windows sensors were back online, Kurtz wrote in a LinkedIn post. "This progress is thanks to the tireless efforts of our customers, partners, and the dedication of our team at CrowdStrike," he said. "However, we understand our work is not yet complete, and we remain committed to restoring every impacted system."   GLOBAL TECHNOLOGY OUTAGE DISRUPTS MAJOR AIRLINES, 911 SERVICES AND BUSINESSES United Airlines employees wait by a departures monitor displaying...

Mortgage rates for 30-year mortgages rose to 6.78% from 6.77%. (iStock ) Mortgage rates this week have held steady for the most part. Rates for 30-year mortgages average 6.78% as of July 25, Freddie Mac reported. This is up only slightly from last week's 6.77%. Last year, rates were in a similar place, averaging 6.81%. "Mortgage rates essentially remained flat from last week but have decreased nearly half a percent from their peak earlier this year," Freddie Mac Chief Economist Sam Khater said. "Despite these lower rates, buyers continue to pause, as reflected in tumbling new and existing home sales data."Rates on 15-year, fixed-rate mortgages also rose slightly. Averaging 6.07%, these rates rose from 6.05%. A year ago, 15-year mortgages were a bit higher at 6.11%. Homebuyers th...

Check out what's clicking on FoxBusiness.com An anonymous couple from South Carolina is thanking their lucky stars after one of them realized their "losing" lottery ticket was actually a big winner. The couple, described by the South Carolina Education Lottery in a July 25 news release as being from the "upstate" region of South Carolina, recently purchased a $5 Double Sided Dollars Extra Play lottery scratch-off ticket from a convenience store in Spartanburg. Spartanburg is a city in northern South Carolina, about 75 miles southwest of Charlotte, North Carolina.  GUT FEELING LEADS TO $300,000 LOTTERY WIN FOR SOUTH CAROLINA MAN After scratching it, the wife did not think she'd won — so she threw the ticket away.But her eagle-eyed husband noticed the ticket in the trash and saw some...

Check out what's clicking on FoxBusiness.com The Labor Department is reviewing United Airlines' leave policies after the carrier implemented stricter measures to crack down on employees abusing sick time.  "Through numerous recent inquiries from workers, the Wage and Hour Division has become aware of a possible change in United Airlines’ leave policies," said Jessica Looman, the Labor Department's wage and hour administrator. Looman said the department will be working with the airline and workers to ensure that the company's leave policies are in compliance with the Family and Medical Leave Act."  TIRE FALLS OFF UNITED AIRLINES PLANE DURING TAKEOFF AT LAX, 2ND TIME IN MONTHS The FMLA ensures that certain employees have up to 12 weeks of unpaid, job-protected leave per year. Under t...

Check out what's clicking on FoxBusiness.com A former PepsiCo executive who says he created Flamin' Hot Cheetos is suing the company for fraud, defamation and discrimination, arguing that his career was affected when his ex-employer denied he created the popular snack flavor. Richard Montañez is seeking an "order preventing PepsiCo and Frito-Lay from claiming that Mr. Montañez is not the creator of Flamin' Hot Cheetos," a press release from the law firm of Ellis George LLP said. The suit was filed with the Superior Court of California in San Bernardino.Montañez started as a janitor for Frito-Lay before climbing up the ladder to become PepsiCo's vice president of multicultural sales and marketing. CHIPOTLE CEO ADDRESSES BURRITO BOWL PORTION SIZES AFTER BACKLASH "I created Flamin' Ho...

UK drivers continue to be overcharged for their fuel, as the retail margins remain "significantly" higher than historical rates, according to the UK Competition and Markets Authority (CMA).The CMA disclosed that the fuel market remains skewed against consumers even after a year from its first revealing report on the sector's issues.According to the competition watchdog, retailers' fuel margins the difference between their buying price and selling price still substantially exceed old levels.The elevation in fuel margins cost motorists greater than £1.6 billion solely in 2023, with supermarket fuel margins now nearly double compared to those in 2019, the CMA elaborated.The RAC motoring group clarified how drivers feel "ripped off" by fuel retailers.Simon Williams, Policy Head at the RAC, ...