White House directs FDA to import more baby formula amid nationwide shortage

As a nationwide infant formula shortage continues, President Joe Biden announced steps Thursday that the federal government will take to try and ease the shortfall.

Biden sees a bigger role for US farms due to Ukraine war

President Biden vowed to help farmers try to ease a global spike in food prices as he visited a family farm and unrolled policies meant to increase harvests in ways that the administration believes could also help to reduce grocery bills at home.

Here's how much more you'll be paying for food in 2022, according to USDA estimates

The USDA’s Food Price Outlook estimates that prices at the grocery store will increase by 5%-6% in 2022. Overall, food prices were 8.8% higher in March 2022, compared to a year prior.

Pediatrician's plea to parents: Do NOT make your own baby formula

Amid today's baby formula shortage, Dr. Sarah Adams of Akron Children's Hospital in Ohio warned parents away from homemade options.

FOX 10 Newsmaker Saturday - Cochise County Sheriff Mark Dannels, Gerri Willis with FOX Business
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FOX 10's John Hook sat down with Cochise County Sheriff Mark Dennels on the ongoing problem of illegal crossing of the U.S.-Mexico Border in Arizona, as well as FOX Business's Gerri Willis on the recent wild swings in stock market, as well as the general state of the economy.

Fed raises interest rates by half-point, the most since 2000

The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.

Biden highlights deficit progress to counter criticism on US economy

The president is placing a renewed emphasis on reducing the deficit — which is the gap between what the nation spends and what it takes in — in order to blunt Republican criticism.

Exxon profits surge; $3.4 billion hit from Russian exit

Exxon profits have doubled in the last year, but the oil giant is taking a big hit from the Russian invasion of Ukraine.

US economy shrank by 1.4% in Q1 despite solid consumer spending

Despite the weak showing, most economists expect a rebound in the April-June quarter as solid hiring and wage gains sustain growth.