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It was rumored that 13,000 pairs of Caitlin Clark's new Nike basketball sneakers were being sold on June 30 and they were gone before people could even add them to the cart.A Nike rep told FOX Business that the Kobe Bryant-themed sneakers were out of stock "in minutes."Clark last year signed an eight-year shoe deal with Nike reportedly worth $28 million. The brand signed her in 2022.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMThe shoes went up for sale on Monday morning at $190 a pop. Now, most are going for well over $350, with one pair even costing $642.The Kobe 5 Protro PE is decked out in Clark's Indiana Fever colors, with its primary color being navy blue and touches of red, orange, and yellow throughout.Clark just received over 1.2 million votes for the WNBA All-Star Game, shattering her own record from last year. She is averaging 18.2 points and 8.9 assists per game.WNBA PLAYERS RANK CAITLIN CLARK 9TH BEST ALL-STAR GUARD DESPITE LEADING FAN VOTINGShe has struggled as of late, likely due to nagging injuries. She is 13 for her last 47 from three-point land and has missed the last two games with a groin injury. Clark also missed five games due to a left calf injury earlier this year.The brand signed Clark in the midst of her record-breaking career at the University of Iowa, where she finished her tenure as the NCAA's all-time leading scorer in both men's and women's Division I basketball.Clark's games in both college and the pros have been among some of the most-watched of all time. Her return from the calf injury on June 14 garnered 2.2 million viewers, the third-most watched WNBA game ever on ABC. The game peaked at 2.8 million viewers, a 76% increase from last seasons regular-season average on the network.The WNBA had its most-watched regular season in 24 years last season, and its highest attendance in 22 years.GET FOX BUSINESS ON THE GO BY CLICKING HEREAhead of the WNBA season, the Fever had the 10 most in-demand games on StubHub, with most of their games being moved to larger capacity venues.

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Lululemon is suing Costco over claims that the wholesaler is selling "knockoffs" and "dupes" of its popular athletic apparel at lower prices.Lululemon accused Costco in the lawsuit of having "unlawfully traded" on its "reputation, goodwill and sweat equity by selling unauthorized and unlicensed apparel" that uses knockoff, infringing versions of its patents."As an innovation-led company that invests significantly in the research, development, and design of our products, we take the responsibility of protecting and enforcing our intellectual property rights very seriously and pursue the appropriate legal action when necessary," a Lululemon company spokesperson told Fox Business in a statement.Lululemon claims that Costcos Kirkland label makes hoodies, jackets and pants similar to its popular Scuba hoodies, Define jackets and ABC pants. Lululemon argues that this leads at least some shoppers to believe that the Kirkland-branded "dupes are in fact manufactured by the authentic supplier of the original products."TRADER JOE'S OPENS NEW LA STORE ACROSS FROM ANOTHER TRADER JOE'SThe 49-page lawsuit shows alleged design and price differences between the companies products.A screenshot of the Costco website included in the lawsuit shows a jacket the complaint describes as a dupe of Lululemons Hi-Tec Men's Scuba Full Zip jacket priced at $19.97. Meanwhile, the Lululemon jacket sells for more than $100.Many of Lululemons hoodies and pants also retail for over $100.COSTCO QUIETLY UNVEILS A MAJOR PERK THAT HAS SHOPPERS RACING TO UPGRADE MEMBERSHIPSCostco did not immediately respond to FOX Business' request for comment on Tuesday.Lululemon is seeking an unspecified amount in monetary damages to "recover fully" any financial losses brought by the alleged dupes and is asking Costco to stop selling any products considered to be knockoffs.GET FOX BUSINESS ON THE GO BY CLICKING HERELululemon previously sued Peloton in 2021 over an apparel dispute. Two years later, the companies agreed to a five-year partnership.

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The Federal Trade Commission (FTC) is making July "Made in the USA" month.FTC Chairman Andrew Ferguson announced the move on Tuesday as the month of July officially gets underway and the Fourth of July holiday rapidly approaches.The FTC is seeking to educate businesses and American consumers about Made in the USA standards, celebrate companies that make their products in America and prevent misuse of the label.The FTC is tasked with enforcing the rules for products using Made in the USA labeling.MADE IN AMERICA LOAN CAP DOUBLED UNDER NEW TRUMP-BACKED MANUFACTURING PUSH"While we want to enforce the law, we also want to help companies showcase to consumers that American workers and manufacturing is an engine of American innovation, business creation, and economic growth," Ferguson said in a statement announcing Made in the USA month.Ferguson told FOX Business Lydia Hu in an interview that the FTC wants to "protect American consumers so that when they go to the store and they pick up a product that says Made in the USA, we want them to have confidence that that is actually made in the USA so that they know they are supporting American workers in the American economy."The agency also wants to "help businesses who want to be able to advertise their products as made in USA" and help them "understand what the rules are" for advertising domestically made products as Made in the USA, he said.The FTC has "tons of materials" available to businesses looking to advertise their products as Made in the USA and is looking to ensure they "are aware that these resources are available" through Made in the USA month, he told Hu.There are strict rules around when products can use the "Made in USA" label and be advertised as being domestically produced.GET FOX BUSINESS ON THE GO BY CLICKING HEREFerguson said the FTC wants to "protect the American worker and American manufacturing by making that label really mean something."Enforcement of rules surrounding Made in the USA standards will also be part of the FTCs Made in the USA month.Ferguson told Hu that the FTC is "going to be devoting a lot more resources" starting in July than it has been doing over the past several years to "protecting that Made in USA label" with plans for "increased enforcement" starting this month."We want people who honestly have products made in the USA to be able to use that label, and were gonna help them do it," he said.At the same time, the FTC wants to "protect the value of that label and protect consumer confidence by making sure that that label is being used honestly" and not by companies making false claims, according to Ferguson.CLICK HERE TO READ MORE ON FOX BUSINESSJuly becoming Made in the USA month comes as President Donald Trump and his administration have been working to increase manufacturing in the U.S. through various efforts.Protecting the Made in the USA label is a "really important part of helping President Trump achieve that golden age that he was elected to bring about," Ferguson told Hu.

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The Senate is "moving toward a vote today" on President Donald Trump's megabill despite Democrats' efforts to halt "momentum," Treasury Secretary Scott Bessent told "Fox & Friends" on Tuesday.The Trump official sat down with co-host Brian Kilmeade shortly after speaking with Capitol Hill leaders regarding the "big beautiful bill," currently simmering in the Senate vote-a-rama where lawmakers on either side of the aisle can submit an unlimited number of amendments to the bill."Twenty hours [of debate] doesn't worry me, because it's just the Democrats trying to obstruct this one big, beautiful bill," Bessent told co-host Brian Kilmeade."President Trump has incredible momentum from the border to Israel-Iran. Now, we're going to bring it home on the tax bill, and then we'll do trade next week," he added.AMERICANS WEIGH IN ON TRUMP'S 'BIG, BEAUTIFUL BILL': POLLSSenate Democrats have railed against the bill for its slew of changes to Medicaid, green energy tax subsidies and how the bill, particularly its design to make Trumps 2017 Tax Cuts and Job act permanent, would balloon the federal deficit.Some Republican lawmakers have voiced their opposition to aspects of the bill, including Sens. Rand Paul and Tom Tillis, the latter of whom raised concerns over the potential impacts the measure could have on Medicaid."I'm gonna have to respectfully disagree with him," Bessent said.DEM DELAY TACTIC ENDS, DEBATE BEGINS ON TRUMP'S 'BIG, BEAUTIFUL BILL'"We want to make Medicaid available to mothers and children and those who need it. There are lots of able-bodied people who have taken advantage of the system. We're going to put in a work requirement, and we're just trying to get the levels back to where we were pre-COVID, which I don't think anybody disagrees with."Bessent also downplayed criticism that the bill will largely benefit top earners, pinpointing policies that would cut taxes on tips and overtime in addition to the lower tax on social security and more.GET FOX BUSINESS ON THE GO BY CLICKING HERE"Those sound like working-class tax breaks to me," he added.At the same time, former DOGE leader Elon Musk ramped up his criticism of the bill, pledging to found a third political party to rival the two currently in charge.Bessent responded by saying, "I admire Elon's leadership on rockets. I will take care of the finances."Fox News' Alex Miller contributed to this report.

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FIRST ON FOX: With many Americans about to hold picnics or barbecues with families and friends over the upcoming July 4th holiday weekend, the House Democrats' campaign arm is taking aim at rival Republicans over what it says is the rising cost of groceries.The Democratic Congressional Campaign Committee (DCCC) on Tuesday launched www.HouseRepublicanPriceHike.com, a new interactive tool that it says shows Americans "just how much more they are paying for everyday goods under House Republicans control."The DCCC's interactive tool, shared first with Fox Business Digital, looks like an online supermarket website, and includes current prices for items such as cheese, bread, butter, coffee, eggs, ice cream, rice, sugar, yogurt, and ground beef.It also includes the prices of those items from 2022, when the Democrats held the House majority, and the percentage of the cost increase over the past three years.HEAD HERE FOR THE LATEST FOX BUSINESS REPORTING AND ANALYSIS ON INFLATIONThe DCCC highlighted that users of the interactive tool can add groceries to their cart "and see just how much more they are paying at the register before sharing the receipt via text or social media."The rival National Republican Congressional Committee relentlessly spotlighted inflation during the 2022 cycle, when the GOP regained control of the House.BIG BEAUTIFUL BILL BATTLE: HOUSE REPUBLICANS TARGET RIVAL DEMOCRATS FOR VOTING AGAINST TAX CUTSAnd Republicans kept their focus on the high cost of gas and groceries, among other times, during the last two years of then-Democratic President Joe Biden's administration. President Donald Trump and Republicans continued to spotlight inflation and affordability in the 2024 elections, when the GOP won back control of the White House and the Senate and held onto their fragile majority in the House."Democrats launched a price tracker hoping voters forget that they were in charge when prices exploded," NRCC spokesman Mike Marinella argued. "But the truth is simple: inflation skyrocketed under one-party Democrat rule and since Republicans took the gavel in January 2023 and voters rejected Bidenomics in 2024, prices have finally started coming down."And Marinella told Fox News, "if Democrats want to talk about prices, we welcome the conversation. Because Republicans are cleaning up the economic mess they left behind."But DCCC communications director Courtney Rice charged that "House Republicans have broken their promise to lower prices, failing American families as everything gets more expensive."Rice said the DCCC is launching the interactive tool "so people can see exactly how House Republicans are failing them and just how much its costing them. HouseRepublicanPriceHike.com is a simple way to shine a spotlight on Republican failures."When the House returns to full strength, the Republicans will hold a razor-thin 220-215 majority in the chamber. And the DCCC pledged that in the 16 months to go until the 2026 midterm elections, they'll "continue to hold House Republicans accountable for their broken promises and failure to lower costs."Inflation remains a top item with American voters, and Trump has repeatedly claimed in social media posts the past couple of months that there's "virtually no inflation."The president has also argued that food prices have "substantially lowered" and that energy costs were "way down" since the start of his second tour of duty in the White House in January.GET FOX BUSINESS ON THE GO BY CLICKING HEREThe White House touted this month that "Americans are seeing the cheapest summertime gas prices since 2021 more than 20 cents lower than one year ago as President Donald J. Trump delivers on his promises of lower prices, stable inflation, and higher wages."And the Republican National Committee, pointing to the May Consumer Price Index, spotlighted in a recent release that "President Trump isdelivering on his campaign promises, bringing down prices for working Americans by continuing to lower inflation. Under President Trump, inflation is at its lowest level since March 2021."But while price increases have slowed in recent months, inflation is still above the Federal Reserves goal of 2% over the long run.

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Homeownership has long been considered a cornerstone of the "American dream" as it symbolizes the ability to build wealth and ensure long-term financial stability.Today, that dream is slightly changing as younger generations opt to rent or stay at home with their parents longer than ever before. It's a consequence of the affordability crisis that continues to persist in the housing market, according to real estate mogul and founder of The Agency, Mauricio Umansky. "At the end of the day, the American dream is to own real estate, build equity, pay off your mortgage and have a house," Umansky said. However, attaining "that American dream of owning your home is taking longer" as high mortgage rates and home prices continue to weigh on affordability, he added. HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS TO SPEND MORE THAN 30% OF INCOME"The younger generation is really not able to own homes," he said. "Again, I'm using the word affordability, but it's a real affordability issue."As of May, the typical U.S. household would need to spend 44.6% of their income to afford a median-priced home, according to recent data from Realtor.com. This is well above the recommended 30% threshold, highlighting how "affordability isn't just strained, it's nearly extinct," Realtor.com economists said in the recently published report.Realtor.com senior economist Jake Krimmel told FOX Business that there are three key drivers of affordability: home prices, interest rates and incomes. However, recently,"there has been little to no movement" on any of those key metrics to provide much positive momentum on affordability, Krimmel said.Prices are determinedby supply and demand in the market, and while Krimmel said prices aren't skyrocketing like they did during the pandemic, they're not dropping even with a rise in inventory. Supply is up 31.5% year over year according to Realtor.com's latest data.AMERICA'S HOUSING CRISIS: REALTOR.COM CEO SAYS THERE IS A WAY TO SOLVE IT"When the supply of homes on the market is up, but prices aren't falling, this is an indicationthat demand in the market is very weak as well," Krimmel added.High rates continue to weigh on demand, and in turn, home sales, according to Krimmel. Even though rates fell 4 basis points, to 6.77% last week due to markets reacting to comments from Federal Reserve Chair Jerome Powell and the latest Consumer Confidence Index data, they're still "persistently high as the Fed has yet to signal a cut is imminent at their next meeting in July," Krimmel added.However, if and when rates ease, Umansky doesn't believe consumers are going to see interest rates ever again at that 2.5% to 3% range.Given these dynamics, Umansky said his company is starting to see confidence in renting. Additionally, his friends and clients are seeing their kids return home.GET FOX BUSINESS ON THE GO BY CLICKING HERE"I mean, we're just seeing a lot more of that and. they're having the opportunity to save money," he said. "The idea of leaving home is not as needed as it was before, because parents are also being a little bit more liberal and giving a little bit of freedom to their kids to go in and out of their home."Krimmel said consumer confidence also remains low, which suggests consumers do not expect their incomes or purchasing power to grow by much in the coming months, which is "the final impediment to improving the housing affordability outlook," he said.Realtor.com economists say there are still solutions to make housing more affordable, such as raising incomes or lowering housing costs. One way to do so is by building more affordable homes, according to the June Realtor.com"New home supply and new home construction, especially at affordable price points, can help relieve price pressure in tight housing markets," according to the report.

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The cost of an Amazon Prime membership could potentially rise next year, according to Wall Street analysts.J.P.Morgan analyst Doug Anmuth said last week in a research note that the bank thinks the Seattle-based e-commerce giant could raise the price of its popular Amazon Prime membership in 2026.Amazon has charged an annual fee of $139 for its Prime membership in the U.S. since 2022. Before that, it cost $119 a year.Setting a higher price for it next year would be "consistent with its cadence of raising the price every ~4 years," the J.P.Morgan research note said.AMAZON ANNOUNCES $20B INVESTMENT IN RURAL PENNSYLVANIA FOR AI DATA CENTERSPrime memberships provide subscribers with free same-day, one-day and two-day shipping on many products, along with access to Prime Video, Amazon Music, Prime Reading, and discounts at Whole Foods and Amazon Fresh.Anmuth said the value of the various aspects of a Prime membership make the subscription worth about $1,430 per year, an estimate that is "~10x the $139 annual Prime subscription cost, +6% from our estimated value of ~$1,345 in 2024, & more than double the $544 value in 2016."The e-commerce giant has been introducing new benefits and "scaling existing offerings" for Amazon Prime in recent years, making it increasingly more valuable, according to the J.P.Morgan analyst.Anmuth highlighted Amazons expansion of its fulfillment network and last-mile transport network, as well as an increased emphasis on "regionalized fulfillment infrastructure" and other initiatives when it comes to logistics.AMAZON TO SPEND $4B TO EXPAND PRIME DELIVERY SERVICES TO RURAL AMERICAThe research note also mentioned Primes grocery benefits, complimentary Grubhub+ memberships for U.S. users, new shopping features and the investments the company has been making in its video streaming service.Amazon and GrubHub started making a free GrubHub+ membership available to Prime subscribers in the U.S. "as an ongoing offer" in May of last year, even giving them the ability to place orders through Amazons website and app.Prime "is a key driver of the Amazon flywheel and helps Amazon build a loyal customer base," according to the J.P.Morgan analyst.In the note, Anmuth suggested a Prime price hike of $20 in the U.S. could bring Amazon a roughly $3 billion boost in "incremental annualized Net sales."He also indicated J.P.Morgan doesnt think an increase in the price next year would cause "significant churn" or negatively impact membership growth.This year, the bank estimated Primes membership count will hit roughly 350 million, with international markets offering "strong growth opportunity" in the future.GET FOX BUSINESS ON THE GO BY CLICKING HEREAmazon first started offering Prime memberships in 2005, about a decade after the company was first founded by Jeff Bezos.The e-commerce giant had a market capitalization of over $2.3 trillion as of Monday, making it one of the most valuable companies in the world.

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A new report warns that a side effect of the Trump administration's push to crack down on illegal immigration could further weakenSocial Security's finances and speed up its insolvency.Social Security's main trust funds, when considered together, are on pace to be depleted in 2034, according to a recent analysis by Social Security's trustees. Once the trust funds are tapped out, anautomatic benefit cut of 19% would occur once the program's ability to augment payroll tax collections with trust funds is no longer viable.ThePenn-Wharton Budget Model (PWBM) estimates that unauthorized immigrants paid about $24 billion in Social Security taxes in 2024 though they're unable to receive benefits unless they obtain legal resident status.PWBM analyzed the impact of three deportation scenarios, taking into account levels of deportations and timelines for historical baseline levels of immigration and deportations to return, or not, and found that each would move up the depletion date for Social Security's trust fund by about half a year.SOCIAL SECURITY TRUST FUND NOW PROJECTED TO RUN DRY IN 2034, TRIGGERING MASSIVE BENEFIT CUTSThe first scenario would have 10% of unauthorized immigrants deported in each of the four years of Trump's term without newillegal immigration, then reverting to baseline projections for immigration and deportation rates. PWBM found the net loss of funds would be $73 billion over the next 10 years and $218 billion over the next 30 years.In the second, the government would deport 10% of unauthorized immigrants each year for 10 years before net illegal immigration levels return to the baseline. It would result in the loss of $133 billion over the next decade and $656 billion over 30 years.The third scenario would see illegal immigration halted after all unauthorized immigrants are deported over 10 years, with future illegal immigration halted. That would also lead to the loss of $133 billion in the first decade and $884 billion over the next 30 years."Replacing the lost revenue from permanent deportation would require increasing payroll taxes, or some other equivalent, to collect an additional $180 per year from the median U.S. household in 2025, growing at around 3.5% each year in the future," PWBM noted.SIGN-UPS FOR $5M 'TRUMP CARD' FAST-TRACK TO US CITIZENSHIP HIT 15,000: 'THAT'S $75 BILLION DOLLARS'PWBM's work illustrating the material contributions of unauthorized immigrants to Social Security's fiscal stability comes as another report noted the significance oflawful immigration to the U.S. economy.The conservative advocacy groupUnleash Prosperity released a report that emphasized the importance of legal immigration to the U.S. economy over the next several decades due to demographic challenges. The report noted the Trump administration set a goal of 3% or higher GDP for the next decade a goal that would prove challenging without increased legal immigration.The study highlighted the role played by immigrants in the innovation of new technologies as well as entrepreneurship. It also detailed how children of immigrants typically have incomes higher than their parents along with the total U.S. population, due in part to higher rates of attaining graduate or professional degrees."Immigrants tend to be net contributors to the public fiscal because they pay payroll taxes but they don't have parents who collect benefits," Unleash Prosperity co-founder and economist Steven Moore told FOX Business. "Their children pay for their benefits."CBO SAYS BUDGET DEFICITS TO WIDEN, NATIONAL DEBT TO SURGE TO 156% OF GDPUnleash Prosperity's study found that immigrants accounted for 48% of the growth of the U.S. workforce from 2013-2023, and almost half, or 47%, of all Fortune 500 companies were founded either by immigrants or the children of immigrants.It also found that three of the CEOs of the so-called "magnificent seven" companies are immigrants or the children of immigrants. That includes Tesla CEOElon Musk who was born in South Africa, Nvidia CEO Jensen Huang in Taiwan and Google CEO Sundar Pichai in India."The two main economic benefits of legal immigrants is they come when they are young and just starting their working years and they and their children tend to be highly entrepreneurial starting new businesses at a rapid rate," Moore explained.GET FOX BUSINESS ON THE GO BY CLICKING HEREUnleash Prosperity's report concludes that a "generous and well targeted legal immigration system that brings to the U.S. the talent and the work ethic that America needs is more important than ever given the aging of our native-born population. The U.S. is the one nation in the world with this demographic safety valve."

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