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Trump says US will experience ‘period of transition’ when asked if economy could see a recession this year
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Trump says US will experience ‘period of transition’ when asked if economy could see a recession this year

By Taylor Penley | Fox Business President Donald Trump declined to explicitly rule out a full-blown recession for the U.S. economy this year, telling Maria Bartiromo in a recent "Sunday Morning Futures" exclusive that the country will see a "period of transition" as his policies take effect. "I hate to predict things like that," he said of a recession. "There is a period of transition because what we're doing is very big. We're bringing wealth back to America. That's a big thing… it takes a little time, but I think it should be great for us." The president's comments come amid some business leaders' instability concerns over tariffs imposed on China, Canada and Mexico, as well as growing concerns of a potential economic slowdown.  READ THE FULL STORY AT FOX BUSINESS
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Kudlow: Treasury Sec. Scott Bessent talks growth with Economic Club of New York
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Kudlow: Treasury Sec. Scott Bessent talks growth with Economic Club of New York

By Larry Kudlow  | Commentary, Fox Business Treasury Secretary Scott Bessent spoke to the Economic Club of New York today and emphasized the growthy-ness of President Trump's program. I had a chance to interview the Secretary after his speech. But importantly, Bessent emphasized deregulation, especially in the banking sector - and that includes bank loans to small businesses. This is important because during the Biden years, Fed Chair Jay Powell swayed with the wind and promoted DEI, ESG, no loans to oil and gas companies, terrible supervision of Silicon Valley, and a disregard for the importance of community banks. Powell presided over a real mess. Incidentally, it looks like Trump-appointee Miki Bowman, who is a member of the Federal Reserve Board, is going to get the nod t...
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Movement to ban Chinese farmland purchases near U.S. military bases gains steam in Senate
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Movement to ban Chinese farmland purchases near U.S. military bases gains steam in Senate

By Morgan Phillips  | Fox Business The movement to ban China from scooping up U.S. farmland conveniently located near military bases is gaining steam in the Senate.  The PASS Act, led by Sen. Mike Rounds, R-S.D., has the backing of Majority Leader John Thune, R-S.D., and would prevent any entity from a "covered country," which includes China, North Korea, Russia and Iran, from purchasing agricultural land near military bases or sensitive sites.  It would also give the Department of Agriculture the ability to submit cases to the Committee on Foreign Investment in the U.S. for review if it believes there is a national security concern and make the Agriculture secretary a voting member of the committee for purchases of agricultural land, biotechnology and any other transaction r...
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BlackRock investment firm inks $23B deal for Panama Canal ports
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BlackRock investment firm inks $23B deal for Panama Canal ports

By Eric Revell  | Fox Business BlackRock on Tuesday announced the purchase of the ports at the Panama Canal that President Donald Trump raised security concerns regarding their connections to China. BlackRock announced the $22.8 billion deal with CK Hutchison's subsidiary Hutchison Port Holdings, which will see the firm acquire the Panama ports of Cristobal and Balboa, which are located at the Atlantic and Pacific ends of the canal, respectively. It will also acquire Hutchison's controlling interest in 43 ports in 23 other countries. The world's largest asset manager will partner with Terminal Investment Limited (TiL) to operate the ports in concert with the BlackRock subsidiary Global Infrastructure Partners (GIP). READ THE FULL STORY AT FOX BUSINESS
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Trump tariffs take effect: What to know
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Trump tariffs take effect: What to know

By Daniella Genovese  | Fox Business President Donald Trump imposed tariffs on Canada and Mexico and an additional levy on China on Tuesday, escalating tensions with key trading partners.  The U.S. began imposing a 25% tariff on goods from Canada and Mexico Tuesday, and an additional 10% levy on Chinese imports as Trump looks to curtail drug trafficking and illegal immigration. Earlier this year, the administration delayed these tariffs to allow Canada and Mexico time to negotiate trade deals aimed at addressing U.S. border security and halting the flow of drugs like fentanyl. READ THE FULL STORY AT FOX BUSINESS
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Taiwan-based chip giant to invest $100B in U.S. manufacturing
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Taiwan-based chip giant to invest $100B in U.S. manufacturing

By Eric Revell  | Fox Business Semiconductor giant Taiwan Semiconductor Manufacturing Co. (TSMC) announced a $100 billion investment in the U.S. on Monday. TSMC, a Taiwan-based chipmaker that builds advanced semiconductors which are used to power smartphones and artificial intelligence (AI) models, announced the investment following meetings with President Donald Trump. The investment is expected to focus on advanced semiconductor manufacturing facilities over the next four years. READ THE FULL STORY AT FOX BUSINESS
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Trump issues executive orders addressing lumber production, national security concerns
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Trump issues executive orders addressing lumber production, national security concerns

By Alexandra Koch , Bradford Betz  | Fox Business President Donald Trump on Saturday signed two executive orders that call for immediately expanding American lumber production and addressing lumber imports' threat to national security. The orders aim to update guidance on production, streamline permitting, and assess possible risks that imports pose to national security.  A White House official told Fox News the president identified a crisis in both supply and demand in an industry the U.S. should be entirely self-sufficient in. READ THE FULL STORY AT FOX BUSINESS
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Apple unveils historic $500B investment in US manufacturing, innovation
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Apple unveils historic $500B investment in US manufacturing, innovation

By. Andrea Margolis , Susan Li  | Fox Business Apple is committing $500 billion to the U.S. economy in a historic initiative, the company announced on Monday, marking "an extraordinary new chapter in the history of American innovation." Apple's 11-figure commitment will roll out over the next five years. It will involve building an advanced AI server manufacturing factory near Houston, as well as doubling the company's Advanced Manufacturing Fund from $5 billion to $10 billion. The tech giant also plans to establish an Apple Manufacturing Academy in Detroit, as well as hire 20,000 new employees with focuses on research and development, silicon engineering, artificial intelligence and machine learning. READ THE FULL STORY AT FOX BUSINESS
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Pepsi drops DEI chief, representation goals
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Pepsi drops DEI chief, representation goals

By David Spector  | Fox Business Pepsi has become the latest company to significantly roll back its DEI policies, announcing it will be eliminating its role of Chief DEI officer and ending representation goals in hiring. "We are revising our DEI program, as 2025 marks the conclusion of our five-year strategy. We see an even bigger opportunity to more deeply embed inclusion throughout the business as a key driver of business growth and will be introducing a new Inclusion for Growth strategy," PepsiCo Chairman and CEO Ramon Laguarta said in an employee letter first reported by conservative activist Robby Starbuck. The letter states that Pepsi will be "transitioning our Chief DEI Officer into a broader role" and that "Inclusion is the responsibility of all leaders at PepsiCo." A slat...
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Top automaker could move some production out of Mexico amid Trump tariff talks, CEO says
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Top automaker could move some production out of Mexico amid Trump tariff talks, CEO says

By  Cameron Arcand  | Fox Business Nissan CEO Makoto Uchida suggested President Trump’s tariffs could force the car manufacturer to shift its production outside of Mexico. "From Mexico to the U.S., we are exporting a significant number of cars this fiscal year[…] 320,000 units are exported from Mexico to the U.S., and if the high tariffs are imposed, we need to be ready for this, and maybe we can transfer the production of these models elsewhere if this were the decision, we will think how we can make it a reality while monitoring the situation," Uchida said, according to a translation on Reuters. The move could be a major blow to Mexico’s auto production sector, as nearly 670,000 vehicles were made by Nissan in the country last year, with over 456,000 of those being exporte...
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