FOX Business

Olive Garden brings back fan-favorite offer for first time in years foxbusiness.com/lifestyle/oliv…

California AG blasts Paramount-WBD merger as ‘illegal,’ says threat to leave state is ‘blackmail’ effort foxbusiness.com/media/californ…

PLAY BALL: Think calling balls and strikes is easy? Think again. FOX Business' @JeffFlock stepped behind the plate at MLB's umpire camp to see what it really takes. Catch the MLB All-Star Game tonight on FOX at 8 pm ET.

NEW: Federal and state health officials are investigating whether Taco Bell locations could be linked to a growing parasite outbreak. The illness, cyclosporiasis, can cause weeks of severe stomach issues, including watery, "explosive" diarrhea. While investigators haven't identified the source, signs posted at some Detroit-area Taco Bell restaurants say ingredients like lettuce and cilantro have been pulled because of a "national recall." So far, however, the FDA has not announced a recall involving Taco Bell or publicly linked the chain to the outbreak. More than 2,600 cases have been reported in Michigan, and officials are still working to determine what's behind the outbreak. No deaths have been reported. Taco Bell, Yum! Brands, the FDA and HHS did not immediately respond to Fox News Digital's request for comment.

New York's shrinking millionaire population is coming with a massive price tag. A new analysis shows that even before Zohran Mamdani became mayor, the Empire State missed out on nearly $11 billion in tax revenue after its share of the nation's millionaires fell from 12.7% to 8.7% between 2010 and 2022 — the largest decline of any state. Now, concerns are growing that Mayor Zohran Mamdani's calls to "tax the rich" could accelerate the exodus of wealthy residents and businesses. The analysis warns that if New York had maintained its previous share of U.S. millionaires, the state would have collected roughly $10.7 billion more in personal income tax revenue in 2022 — a gap that critics argue could grow even larger if the self-proclaimed democratic socialist succeeds in raising taxes on the wealthy.

Trump scraps proposed Strait of Hormuz shipping fee for Gulf states' investment deals foxbusiness.com/politics/trump…

NEW: The DOJ says its Trade Fraud Task Force has already surpassed $1 billion in recoveries in less than a year since its launch. The Justice Department says the milestone came from cracking down on companies and individuals accused of breaking U.S. trade and customs laws through fines, penalties, forfeitures and other forms of enforcement. "For too long, bad actors seeking to exploit the American economy have decided that ignoring and violating U.S. customs laws is a business risk worth taking," Assistant Attorney General Colin M. McDonald said. McDonald also highlighted the DOJ's push to combat forced labor, calling it a top priority. The department estimates nearly 30 million people worldwide are trapped in forced labor, generating roughly $236 billion in illicit profits each year. "American workers cannot and should not have to compete with the economics of modern-day slavery," McDonald said, adding the DOJ "will not tolerate" goods made with forced labor entering U.S. commerce.

NEW: "American workers cannot and should not have to compete with the economics of modern day slavery." Assistant Attorney General Colin M. McDonald says the Justice Department is prioritizing its fight against forced labor, which it estimates traps nearly 30 million people globally and fuels $236 billion in illicit profits each year. He calls it a humanitarian tragedy with direct economic consequences for the U.S., saying the DOJ will not tolerate goods produced with forced labor entering American commerce.

BREAKING: The DOJ says its new Trade Fraud Task Force has already surpassed $1 billion in recoveries in less than a year since its launch. The Justice Department says the task force has brought the eye-popping number by cracking down on companies and individuals accused of breaking U.S. trade and customs laws through fines, penalties, forfeitures and other forms of enforcement. "For too long, bad actors seeking to exploit the American economy have decided that ignoring and violating U.S. customs laws is a business risk worth taking," McDonald said. "Those days are over."

Taco Bell investigated as lettuce emerges as possible source of cyclosporiasis outbreak foxbusiness.com/lifestyle/taco…

NEW: "It was never fair to me that we would be guarding the strait when we basically don't take anything." President Trump says Gulf leaders backed his decision to drop a proposed fee tied to the Strait of Hormuz in favor of securing major investment in the U.S. "They said, 'We'd love to do it a different way. We'd love to invest in the United States with billions and billions of dollars.'" Trump says the Gulf states will invest "a tremendous amount of money" in the U.S., adding, "I don't think anybody should be able to charge a fee for the Strait... I think it's actually much better."

Home cooks should stop using recalled gas range immediately, US says foxbusiness.com/retail/home-co…

For the first time in years, Warren Buffett's annual donation announcement leaves out the Bill Gates Foundation. Instead, Buffett says he's donating roughly $6 billion to four foundations tied to his own family. The move comes as renewed attention has focused on Bill Gates' past ties to convicted sex offender Jeffrey Epstein. Buffett also says every remaining share of his Berkshire Hathaway stock — worth more than $140 billion — will be donated by Dec. 31, 2034. His previous plan was for his three children to distribute the fortune within 10 years of his death.

Consumer inflation cooled more than expected in June as gas prices fell foxbusiness.com/economy/cpi-in…

Fed Chair Kevin Warsh says central bank has 'no tolerance' for elevated inflation foxbusiness.com/economy/fed-ch…

AI investment is moving so fast, Fed Chair Kevin Warsh says it may soon stop being its own category. He pointed to a surge in data center construction and demand for AI-related equipment and software, noting high-tech spending jumped nearly 25% in the first quarter. Warsh says the Fed is still figuring out how much AI will boost the economy, while closely watching what it could mean for jobs and inflation.

Consumer prices post their biggest monthly drop since 2020... and the new Fed chair is sending a clear message: "Inflation is a choice." Kevin Warsh says the Federal Reserve's "number one objective" is getting monetary policy right, saying that inflation over the long run is largely determined by the Fed. "If we get policy right, and I can assure you we will, the inflation surge of the last five years will be a thing of the past."

IBM sends 'shock wave' through tech industry with AI warning foxbusiness.com/technology/ibm…

Inflation just delivered a bigger surprise than economists expected. Consumer prices fell 0.4% in June, marking the largest monthly decline since the early months of the pandemic in 2020, while annual inflation slows to 3.5%. Core inflation also came in below forecasts, suggesting underlying price pressures continue to cool after recent energy-driven increases.

Princess cruise ship worker dead after going overboard near Cancún foxbusiness.com/lifestyle/prin…