Category: Fox Business News
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Federal Reserve holds key interest rate steady for fifth straight meeting despite Trump’s pressure
President Donald Trump on Sunday announced that the U.S. and European Union had reached an agreement on a framework for a trade deal. Trump and European Commission President Ursula von der Leyen unveiled the deal following a meeting in Scotland, which will bring certainty to the tariff policy that had been in flux for much of the […]
Top U.S. and Chinese officials are meeting in Sweden this week in a high-stakes effort to secure a trade agreement before looming tariff deadlines reignite tensions between the world’s two largest economies. The talks, which began around 9 a.m. ET, are being led by U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng. […]
The Federal Aviation Administration (FAA) said flights arriving at Newark Liberty International Airport are facing delays due to staffing shortages on Monday morning as the agency continues to grapple with a shortfall of certified air traffic controllers. The FAA said a traffic management program was put into effect for traffic arriving at the airport around […]
Last month, the announcement that four artificial intelligence companies, OpenAI, Anthropic, Google, and xAI, had secured a government contract with the Pentagon drew the attention of one CEO who expressed skepticism about the proprietary models developed by these tech giants. The companies, known for their chatbot services powered by large language models (LLMs) such as […]
The exchange-traded fund (ETF) created around celebrity Wall Street analyst Dan Ives’ top 30 AI picks is off to a strong start. The ETF has raked in nearly $400 million since its June 3 inception and is up 11%. For the month, its 5% gain is outperforming the Nasdaq Composite and S&P 500. Ives is […]
The Federal Reserve (the “Fed”) is a behemoth agency with the ability to manipulate and control the entire American economy. Our jobs, our finances, our savings and, ultimately, our livelihoods — all of them are subject to the decisions made at the Fed. But the Fed’s deliberations and operations happen behind closed doors. […]
The euro rose on Monday after the United States reached a framework trade agreement with the European Union. U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal during a meeting in Scotland on Sunday. The deal will see a 15% tariff on EU goods imported into the U.S. – […]
Delta Air Lines co-pilot arrested by Homeland Security on charges of child sexual abuse material
A Delta Air Lines co-pilot was arrested by Homeland Security Investigations (HSI) agents on charges of child sexual abuse material, a senior federal source confirmed to Fox News. The dramatic arrest happened at San Francisco International Airport on Saturday night, according to reporting by The San Francisco Chronicle. The outlet reported that the flight from […]
An urban explorer recently documented a largely abandoned, yet remarkably well-preserved, Japanese resort town. Kinugawa Onsen, located in Nikkō, a city in central Japan’s Tochigi Prefecture, was once a thriving tourist destination known for its hot springs and towering cliffside hotels. “I was scouting other nearby locations when I came across this entire district of […]
Commerce Secretary Howard Lutnick agreed with President Donald Trump’s “50-50” odds of striking a trade deal with the European Commission ahead of an Aug. 1 deadline, saying that the main question is whether the 27-country bloc will offer the president “the right deal.” Lutnick appeared on “Fox News Sunday” and was asked about Trump’s comments […]
China and India have once again been found to be aiding Russia’s war effort by disregarding or even evading Western sanctions, including by using front companies, Reuters found this week. Both nations have long come under international scrutiny for their refusal to condemn the illegal war and their high purchase rates of Russian oil, which […]
President Trump is visiting Scotland this weekend, spending time at two of his golf clubs, and attending a ribbon-cutting of a new course at one of them. He is also scheduled to meet European Commission President Ursula von der Leyen, and British Prime Minister Keir Starmer in Aberdeen. Aberdeen, known as The Granite City from […]
Social Security confidence hits 15-year low as younger Americans increasingly lose faith in system
A new report by AARP found Americans’ confidence in Social Security is declining, with younger adults more skeptical of the safety net program than older adults. AARP released its survey in advance of Social Security’s upcoming 90th anniversary, which found that Americans’ overall confidence in Social Security dropped from 43% in 2020 to 36% in 2025, the […]
A home built on the Florida coast on land once owned by Billy Joel is now up for sale. The newly built three-story home is on the market for $84.8 million, in partnership with listing agents Carla Ferreira-Smith and Philip Lyle Smith of Luxury Resort Portfolio. Retired automotive executive Frank A. Mennella and his wife, […]
The United States has a copper problem. Simply put, the U.S. uses a lot of it and there aren’t enough American mines to pull it out of the ground fast enough. But Ivanhoe Electric is moving toward becoming the first U.S.-based company to open a copper mine stateside in over a decade – and with […]
The owner of a Florida telecommunications firm was sentenced to five years in prison after pleading guilty to stealing from the federal program once unofficially dubbed “Obama phone” that provides discounted phone services to low-income customers. Q Link Wireless LLC and its 51-year-old CEO Issa Asad both pleaded guilty last year to conspiring to commit […]
A crew member on the world’s largest cruise liner has died after going overboard on Thursday after he allegedly stabbed a female co-worker, authorities said. The victim, who has not been identified, went into the water while aboard the 1,200-foot-long Icon of the Seas as it was sailing near San Salvador Island in the Bahamas, […]
Tea, an app that allows women to anonymously discuss the men they are dating, became the victim of a major data breach that resulted in about 72,000 photos being compromised. The company discovered Friday morning that hackers had gained access to one of its data storage systems. Around 13,000 selfies and identification photos, used to […]