Nationwide gas prices could exceed $6 by end of summer, analysts warn

Analysts for JP Morgan say the national average for a gallon of regular unleaded could exceed $6 by the end of the summer. The top energy official for the Biden administration told FOX 4 that the national average price likely will stay above $4 a gallon for the rest of the year.

Nestle flies baby formula to US from Europe to ease shortage

Nestle is shipping Gerber baby formula from the Netherlands and Alfamino formula from Switzerland to the United States to help with a formula shortage crisis that has left parents struggling to find supplies in stores.

Wendy's, McDonald's lawsuit claims burger ads mislead consumers on patty sizes

Attorney James C. Kelly told FOX Business, 'There is no good reason why Wendy’s and McDonald’s should be allowed to use trickery in their advertising.'

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.

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.

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.

North Texas schools raising starting salaries, offering hiring bonuses to combat teacher shortage

Multiple local school districts are raising starting salaries for new teachers to $60,000 or higher. Many districts also started recruiting earlier in an effort to fill vacancies by the next school year.

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.

Biden ‘has not ruled out’ canceling student loan debts, White House says

Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31

Oil executives testify before Congress about 'controlling' gas prices

Oil executives testified before Congress Wednesday that oil is a global market and that oil companies don’t dictate or control prices.