FDA authorizes updated COVID-19 booster shots targeting omicron variant The U.S. Food and Drug Administration announced Wednesday that it authorized updated coronavirus booster shots targeting the highly contagious omicron variant. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Bed Bath & Beyond shares sink nearly 30% The troubled retailer's strategic turnaround plan, announced Wednesday, disappointed investors. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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S&P and Nasdaq fall 1%, Dow off 308 points in third day of selling U.S. stocks closed lower for the third session as rate hike jitters continue to plague investors. Material and energy stocks paced the 1% drop for the S&P 500, while financials fell the least. In commodities, oil fell over 5% closing at $91.64 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks recover as Nasdaq leads gains All three of the major market averages rose, recovering from two days of losses, as investors stepped back in. The tech-heavy Nasdaq Composite paced the early gains helped by Bed Bath & Beyond's 11% jump ahead of its strategic update due Wednesday. The Dow Jones Industrial Average and S&P 500 were marginally higher. In commodities, oil slipped 3% to the $93 per barrel level. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dow, S&P, Nasdaq slide as investors remain skittish, Bitcoin tests $20K Investors continued to dump U.S. equities after Federal Reserve Chairman Jerome Powell said, on Friday, the battle against inflation remains uncertain. The Dow Jones Industrial Average extended its 1,000+ point drop from the prior session with losses over 200 points. In commodities, oil rose 1.6% to the $94 per barrel level. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Launch of Artemis 1 moon rocket scrubbed after delays This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dow sinks 1,000 points, Fed's Powell warns on economic pain ahead U.S. stocks saw a sharp selloff on Friday with the Dow Jones Industrial Average touching a 1,000+ point drop before closing down XXX points. The S&P 500 and the Nasdaq Composite shed over 3%. Federal Reserve Chairman Jerome Powell delivered a warning about the health of economy with interest rates expected to rise even further as policymakers try to tame red hot inflation. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dow slide hits 700+ points after Fed's Powell spooked investors Stock selling accelerated with just about two hours left in the final trading day of the week after Federal Reserve Chairman Jerome Powell issued a stern warning on the economy tied to inflation. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dow drops over 500 points after Fed Chair Powell's warning This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Fed Chair Jerome Powell updates plan to tackle inflation in speech from Jackson Hole, Wyoming This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks drift ahead of Fed Chair Powell's speech U.S. stocks struggled for direction as investors await a 10am ET speech from Federal Reserve Chairman Jerome Powell. He's expected to address the state of the economy and the battle to bring down inflation. In commodities, oil slipped to the $92 per barrel level. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Fed's preferred inflation gauge eases slightly in July but remains near 40-year high The data comes before Federal Reserve Chairman Jerome Powell delivers a speech at the annual central bank gathering in Jackson Hole, Wyoming, at 10 a.m. ET. FOX Business will provide full coverage of Powell's remarks. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Tech leads Dow, S&P and Nasdaq higher for second day U.S. stocks rose across the board as the Nasdaq Composite's 1.7% gain paced the overall rally for the second consecutive session. On Friday, investors will get the latest read on the economy and inflation from Federal Reserve Chairman Jerome Powell during his 10am ET speech from Jackson Hole, Wyoming. In commodities, oil slipped over 2% to $92.52 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Biden student loan handout to cost roughly $500B, new analysis finds President Biden's federal student loan handout will cost U.S. taxpayers between $440 billion and $600 billion over the next 10 years, according to the Committee for a Responsible Federal Budget. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Nasdaq, S&P rise as Tesla trades post-split, Dow dips U.S. stocks opened mixed on Thursday as the Nasdaq Composite and S&P 500 got support from Tesla post its 5-for-1 stock split. Salesforce weighed on the Dow Jones Industrial Average after cuttings its profit and sales forecast. In commodities, oil ticked higher to the $95 per barrel level. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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US economy in technical recession, new GDP estimate confirms Gross domestic product shrank by 0.6% on an annualized basis in the second quarter, the Commerce Department said in its second reading of the data on Thursday. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks post modest gains after three days of losses The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite inched higher following three days of losses with energy and financial companies leading the gains. Investors are also awaiting Thursday's revised 2Q GDP estimate and are looking ahead to the Fed's Jackson Hole Wyoming symposium. In commodities, oil rose 1.2% to $94.89 per barrel. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Biden announces $300,000,000,000 student loan handout President Biden gives remarks on the student loan handout that will cost taxpayers $300 billion. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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California to finalize plan to ban sale of new gas cars by 2035 This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Biden announces student loan handout as national debt soars The president also extended the pause on federal student loan monthly payments through Dec. 31, 2022. The COVID payment pause was set to expire at the end of the month. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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US pending home sales fall to lowest level since 2020 The National Association of Realtors said on Wednesday that its pending home sales index tumbled 19.9% in July compared with the same month one year ago. On a monthly basis, pending home sales dropped 1% – less than the 4% decline projected by economists. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks struggle, Macy's, Nordstrom fall after cutting outlooks This is a developing story. Check back for updates. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Stocks close lower, major indexes on three-day losing streak The Dow Jones Industrial Average finished the session down 154.02 points, or 0.47%. The S&P 500 fell 0.22% while the Nasdaq Composite was little changed. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dow tumbles over 600 points, worst day since June The Dow closed down 643.13 points, or 1.91%, its worst day since June. The Nasdaq Composite and S&P 500 ended the day down 2.55% and 2.14%, respectively. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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Dr. Anthony Fauci to step down in December Dr. Anthony Fauci announced Monday that he will step down from his post as director of the National Institute of Allergy and Infectious Diseases and as the President Biden's chief medical adviser in December to "pursue the next chapter" of his career. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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