foxbusiness.com / .foxbusiness-com-markets / Page 6

The Medicare and Social Security trust funds are lurching toward insolvency. Social Security is projected to cover only 81% of benefits by 2034 and Medicare just 89% by 2033.

Euro Pacific Asset Management Chief Economist Peter Schiff warned of stagflation and possible hyperinflation, arguing higher interest rates are needed.

Federal Reserve Chair Jerome Powell during a Wednesday press conference addressed the criticism he's faced from President Donald Trump about interest rates.

The Federal Reserve left its benchmark interest rate unchanged at a 4.25% to 4.5% range at its June meeting, making it the fourth consecutive meeting in which it held rates steady.

The Congressional Budget Office projected that the House GOP tax bill - dubbed the "One Big Beautiful Bill Act" - would add $2.77 trillion to deficits over ten years.

President Donald Trump slammed Federal Reserve Chairman Jerome Powell as "stupid" before the central bank's interest rate announcement on Wednesday afternoon.

Industry experts warn Israel-Iran conflict could push oil to $120 per barrel if shipments through the Strait of Hormuz are disrupted during the tensions.

Amazon CEO warns AI will reduce corporate workforce as the company embraces generative AI technology, urging employees to adapt in the transformation.

President Trump plans to sign a third executive order delaying the TikTok ban by 90 days, citing ongoing talks and a desire to keep the platform active for Americans.

A new analysis by The Senior Citizens League found the Social Security COLA for 2026 could be 2.5%, higher than previously projected after inflation ticked higher in May.