foxbusiness.com / .foxbusiness-com-economy / Page 9

Elon Musk criticized the Republican tax cut bill as a "disgusting abomination" due to its effect on federal budget deficits, and GOP senators consider revising the bill.

Fast food company Dave's Hot Chicken is set for global growth after Roark Capital's $1 billion acquisition, aiming for 400 locations by the end of the year.

The OECD's forecast projects a slowdown in U.S. economic growth due to tariffs, with GDP growth at 1.5% in 2026 and inflation reaching 3.9% by the end of 2025.

A growing gap between sellers and buyers in the housing market indicates a coming shift as inventory in the U.S. reaches its highest level in five years.

Amid economic uncertainty, the Campbell's CEO notes a shift toward home-cooked meals and budget-friendly ingredients, with food inflation continuing to challenge consumers.

A trial that was set to begin in less than three weeks was canceled by a Texas judge at the request of Boeing and the Department of Justice, according to court documents.

A 2024 rule that "added new restrictions on oil and gas development in the National Petroleum Reserve in Alaska" will be rescinded by the Trump administration.

Lumber is in the spotlight as the National Association of Home Builders and the U.S. Lumber Coalition disagree about what's behind the U.S. housing market experiencing a slump.

JPMorgan CEO Jamie Dimon highlighted the risks of rising U.S. debt and deficits, and he called for reforms to ensure economic growth and program sustainability.

Treasury Secretary Scott Bessent said the U.S. government will never default on its debt obligations as Congress faces a debt limit deadline in the wake of a credit downgrade.