Business
Here we bring you business news affecting both our economy and our daily lives. ___________________________________________________________________________________________
Trump praises Walmart for slashing Thanksgiving meal prices
By Daniella Genovese – FOXBusiness
Walmart and other grocery giants are launching holiday meal deals as high food prices persist, squeezing consumers. It’s a move that is catching the attention of the Trump administration.
President Donald Trump on Wednesday praised the nation’s largest private employer, Walmart, for its discounted Thanksgiving meal.
“Walmart just announced that the cost of their standard Thanksgiving meal… is 25% lower than one year ago. Isn’t that great? That’s a big deal,” Trump said during a speech at the America Business Forum.
Last month, Walmart announced that it was launching its annual Thanksgiving meal basket, which includes 20 national and private brand items, including a Butterball turkey, and serves 10 people for less than $40. This equates to about $4 per person, and could help relieve the pressure that scores of families are facing as grocery prices remain high. Read more here.
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NYC business leader fears ‘lawless society’ after Zohran Mamdani wins mayoral election
Daniella Genovese / FOXBusiness
Billionaire grocery chain owner John Castimatidis expressed concerns following New York City’s historic mayoral race that the Big Apple could become “lawless” under Mayor-elect Zohran Mamdani’s leadership.
Voters on Tuesday chose Mamdani, a self-described democratic socialist who defeated former New York Gov. Andrew Cuomo, to become the city’s 111th mayor.
Specifically, Castimatidis told FOX Business that he is worried that Mamdani will appoint judges that are too lenient and that he will reduce the city’s police force.
FOX Business reached out to Mamdani’s team for comment.
In the months leading up to Tuesday’s election, Catsimatidis repeatedly threatened to pull his grocery store chain, Gristedes, out of the city in response to Mamdani’s plans to create a network of city-owned grocery stores to drive down food costs. While he is backtracking on the threats to…Read more and see video here,
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Trump administration backs order to break up Delta-Aeroméxico alliance over antitrust concerns
Christine Xhaw / FOX Business
The Trump administration is defending an order by the Transportation Department that requires Delta Air Lines and Aeroméxico to dissolve their joint venture, saying the agreement gives them excessive control over U.S.-Mexico flights.
In a court filing Monday, the government said the Transportation Department “validly decided to no longer authorize legalized collusion” between two airlines that together control nearly 60% of operations at Mexico City International Airport, one of the largest international gateways to and from the United States.
The joint venture, first approved in 2016 under antitrust immunity, allowed Delta and Aeroméxico to coordinate on “prices, capacity and operations,” according to the department’s Final Order 2025-9-8 issued in September.
The DOT said the alliance reduces competition in the U.S.-Mexico market…Read more and see video here.
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Bessent says he’s ‘optimistic’ as Supreme Court weighs fate of Trump’s entire trade agenda
By Amanda Macias – FOXBusiness
Treasury Secretary Scott Bessent said Sunday he is “optimistic” ahead of this week’s Supreme Court arguments in a case that could determine the fate of President Donald Trump’s trade agenda.
When asked by Shannon Bream on “Fox News Sunday” about the possibility that the Supreme Court might rule against the administration, Bessent said, “We will cross that bridge when we come to it.”
On Wednesday, the nation’s highest court will hear the cases, Learning Resources, Inc. v. Trump and Trump v. V.O.S. Selections, which were consolidated due to their similarity.
Learning Resources is an educational-toy manufacturer and V.O.S. Selections is a family-owned wine and spirits importer and distributor. Read more here.
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