Microsoft is planning another round of cuts at Xbox as part of the tech giant’s ongoing reorganization. Xbox managers are expecting substantial job cuts across the entire group as soon as next week, people familiar with the matter told Bloomberg. This marks the fourth time Microsoft downsized its gaming division in the past 18 months, […] ...
Tag: Personal Finance
Trump warns Spain: Pay up for defense or pay ‘twice as much’ in trade negotiationsTrump warns Spain: Pay up for defense or pay ‘twice as much’ in trade negotiations
President Donald Trump tore into Spain over its refusal to adhere to the North Atlantic Treaty Organization’s (NATO) new 5% defense spending target during a press conference Wednesday. “They’re the only country that won’t pay up, they want to stay at 2%,” said Trump. “I think it’s terrible. And you know, they’re doing very well, […] ...
Trump slams Fed Chair Powell for not cutting rates: ‘Average mentally person’Trump slams Fed Chair Powell for not cutting rates: ‘Average mentally person’
President Donald Trump slammed Federal Reserve Chairman Jerome Powell on Wednesday as the head of the central bank testified before a Senate panel. “I think he’s terrible,” Trump said in response to a question from a reporter during a press conference at the NATO summit in The Hague, Netherlands. Trump reiterated his criticism of Powell […] ...
These popular Fourth of July foods will cost more this yearThese popular Fourth of July foods will cost more this year
Fourth of July barbecue costs remain near record highs as inflation and reduced availability of certain food items keep prices “stubbornly high,” according to the American Farm Bureau Federation (AFBF). Families cooking for the holiday for 10 guests this year should expect to pay about $70.92, which is only 30 cents less from last year’s […] ...
Three Mile Island nuclear plant expected to restart ahead of scheduleThree Mile Island nuclear plant expected to restart ahead of schedule
Constellation Energy Corporation’s Three Mile Island nuclear plant is expected to restart a year sooner than originally planned. The Three Mile Island Unit 1 reactor may restart in 2027, a year earlier than the initial 2028 timeline Constellation provided in September when it announced a power purchase agreement with Microsoft that the energy company said […] ...
Bessent urged to stop EU’s ‘punitive’ tax grab targeting U.S. firmsBessent urged to stop EU’s ‘punitive’ tax grab targeting U.S. firms
EXCLUSIVE: A nonprofit organization that advocates for the protection of free markets is urging the Treasury Department to ensure any trade deals negotiated with the European Union (EU) remove “punitive” taxes, fines and regulations imposed on U.S. companies providing digital services, according to a letter obtained by Fox News Digital. Public Policy Solutions sent a […] ...
White House highlights financial impact of ‘No Tax on Tips’ in Trump’s ‘big, beautiful bill’White House highlights financial impact of ‘No Tax on Tips’ in Trump’s ‘big, beautiful bill’
FIRST ON FOX: Rep. Erin Houchin, R-Ind., highlights how President Donald Trump‘s “No Tax on Tips” policy will support working-class Americans in a video released by the White House on Wednesday. Houchin spoke with small business owners, Ron and Mary Kay Mattingly, and server, Peggy Weir, at The Chicken House in Sellersburg, Indiana, about the […] ...
Federal judge orders Trump admin to release EV funds signed by Biden to statesFederal judge orders Trump admin to release EV funds signed by Biden to states
A federal judge has ordered the Trump administration to release billions of dollars in funds former President Joe Biden approved to build electric vehicle infrastructure in 14 states. In granting a partial preliminary injunction Tuesday, U.S. District Judge Tana Lin – a Biden nominee – ordered that funding frozen by the Trump administration earlier this […] ...
Captain Morgan taking advantage of new wave of golfers, fans with go-to drinks and clothesCaptain Morgan taking advantage of new wave of golfers, fans with go-to drinks and clothes
Golf’s popularity has skyrocketed in recent years among younger generations. Five years ago, the sport was one of the few ways to get out of the house during COVID. And as beginners took lessons and hit the range, businesses jumped at the opportunity. Justin Faiber is Captain Morgan’s brand director, and he saw the tide […] ...
Housing crisis deepens as 47 major metro areas now require homebuyers to spend more than 30% of incomeHousing crisis deepens as 47 major metro areas now require homebuyers to spend more than 30% of income
The 30% rule — one in which potential homebuyers limit their mortgage payment to 30% of their monthly income — is a common standard that homebuyers typically follow so that the yearly cost of a home doesn’t put too much of a strain on their finances. However, according to a new report from Realtor.com, places […] ...
Former NY governor Cuomo concedes in Democratic primary but doesn’t rule out November runFormer NY governor Cuomo concedes in Democratic primary but doesn’t rule out November run
Former New York Governor Andrew Cuomo might have conceded in Tuesday night’s New York City Democratic primary, but he may not be out of the race just yet. “I spoke with the former governor, and he told me he is not ruling out running again in November,” Maria Bartiromo, host of “Mornings with Maria,” said […] ...
Job seekers in limbo as long-term unemployment persistsJob seekers in limbo as long-term unemployment persists
The U.S. labor market is in a holding pattern with relatively low unemployment, but a slower pace of hiring has caused the share of long-term unemployed workers to stagnate amid economic uncertainty. The Labor Department’s Bureau of Labor Statistics (BLS) tracks the number of individuals in the workforce considered long-term unemployed, which is defined as workers who […] ...
US trade faces pressure in Middle Eastern markets amid recent Israel-Iran conflict and Trump tariffsUS trade faces pressure in Middle Eastern markets amid recent Israel-Iran conflict and Trump tariffs
SOUTH PITTSBURG, Tenn. – Some U.S. manufacturers have raised concerns that conflict in the Middle East could dry up their business in the region. Recent missile attacks and the breach of a ceasefire agreement between Israel and Iran put global trade on alert as the Baltic and International Maritime Council warned the Strait of Hormuz […] ...
Former MLB star Alex Rodriguez, Marc Lasry approved as controlling owners of Timberwolves and Lynx, NBA saysFormer MLB star Alex Rodriguez, Marc Lasry approved as controlling owners of Timberwolves and Lynx, NBA says
The sale of the NBA’s Minnesota Timberwolves and the WNBA’s Minnesota Lynx to a group led by former MLB star Alex Rodriguez and e-commerce entrepreneur Marc Lore has gained unanimous approval from the NBA’s board of governors, the league announced on Tuesday. Rodriguez and Lore have familiarity with the Timberwolves, as they previously held minority […] ...
Jewelry thief pleads guilty after pocketing diamonds worth $260K from Manhattan luxury storesJewelry thief pleads guilty after pocketing diamonds worth $260K from Manhattan luxury stores
An international jewelry thief — previously accused of stealing from stores in South Korea and California — has pleaded guilty to using sleight-of-hand and other techniques to steal approximately $260,000 worth of diamonds from Cartier and Tiffany & Co. in New York. Yaorong Wan, 50, pleaded guilty to grand larceny in the second degree in […] ...
Ford recalls over 130,000 Lincoln Aviators due to risk of parts detaching while drivingFord recalls over 130,000 Lincoln Aviators due to risk of parts detaching while driving
Ford Motor Company is recalling more than 130,000 Lincoln Aviator SUVs in the U.S. due to a possible risk of parts detaching while driving, the U.S. National Highway Traffic Safety Administration said on Tuesday. FORD USES ITS DEALERSHIP EMPIRE TO REVAMP HOW CORPORATE AMERICA HELPS CHARITIES The recall, which affects 132,914 Lincoln Aviator models between […] ...
Powell to be pressed on Fed spending, agency’s politicizationPowell to be pressed on Fed spending, agency’s politicization
Federal Reserve Chairman Jerome Powell returns to Capitol Hill on Wednesday for the second of two days of testimony. He will sit before the Senate Banking Committee, where he’s expected to face tough questions from Republican and Democratic senators. The appearance follows Powell’s testimony Tuesday before the House Financial Services Committee, where he addressed inflation, […] ...
Nvidia CEO sells $15M worth of stock as part of planned saleNvidia CEO sells $15M worth of stock as part of planned sale
Nvidia CEO Jensen Huang disclosed the sale of 100,000 shares of the company’s stock on Friday and Monday, according to filings with the Securities and Exchange Commission (SEC). Huang’s stock sales were valued at roughly $15 million, with shares trading in a range of $142.50 to $145.63 during the trading sessions on Friday and Monday. The […] ...
GM’s CEO cozies up to Trump despite company’s long history of bucking ‘America First’ messageGM’s CEO cozies up to Trump despite company’s long history of bucking ‘America First’ message
General Motors CEO Mary Barra has publicly cozied up to the Trump administration in recent months, including promoting a major investment in the United States last week, but her tenure at the company has included several examples of the company shipping production and jobs overseas. “I’m actually looking forward to working with the president and […] ...
Amazon to spend $4B to expand Prime delivery services to rural AmericaAmazon to spend $4B to expand Prime delivery services to rural America
E-commerce giant Amazon is investing more than $4 billion to triple the size of its delivery network by 2026 with a focus on expanding delivery services across rural America. Tens of millions of U.S. customers in more than 4,000 smaller cities, towns and rural communities will get access to same-day and next-day delivery by the […] ...
Top five buyer-friendly housing markets offer price cuts and increased inventoryTop five buyer-friendly housing markets offer price cuts and increased inventory
Shopping for a home can be challenging, but looking for one in a real estate market that’s more favorable to buyers can help ease that pain. Realtor.com reported Monday that a handful of cities stood out in May as being the most “buyer-friendly,” offering ample inventory and plenty of homes with reduced prices. Cities in […] ...
Billionaire CEO warns he’ll close grocery stores if democratic socialist candidate wins NYC mayor raceBillionaire CEO warns he’ll close grocery stores if democratic socialist candidate wins NYC mayor race
New York City mayoral candidate Zohran Mamdani’s plan to create a network of city-owned grocery stores to drive down food costs is facing pushback from the industry, with the head of a Manhattan-based grocery chain threatening to sell or close the business if Mamdani is elected. John Catsimatidis, the CEO of grocery chain Gristedes, found […] ...
McDonald’s, Krispy Kreme end doughnut partnershipMcDonald’s, Krispy Kreme end doughnut partnership
Krispy Kreme said on Tuesday that it will no longer sell its doughnuts at McDonald’s restaurants after the partnership failed to deliver cost-effective results for the doughnut maker. “Ultimately, efforts to bring our costs in line with unit demand were unsuccessful, making the partnership unsustainable for us,” Krispy Kreme CEO Josh Charlesworth said in a […] ...
Trump tells Congress: No one goes on vacation until the ‘big, beautiful bill’ is doneTrump tells Congress: No one goes on vacation until the ‘big, beautiful bill’ is done
As President Donald Trump’s July 4 deadline to pass his “big, beautiful bill” ticks closer, it doesn’t look like Congress will be leaving Capitol Hill anytime soon in the midst of a high-stakes workplace environment. Via a Truth Social post Tuesday morning, the president announced that not a single lawmaker is permitted to take their […] ...
Trump administration pushes back on NJ town moving to seize 175-year-old family farm via eminent domainTrump administration pushes back on NJ town moving to seize 175-year-old family farm via eminent domain
A longtime family farm in Cranbury, New Jersey, is at risk of being seized by the town through eminent domain. The situation with the farm owned by brothers Christopher and Andy Henry, which has been in their family for 175 years, recently drew notice from U.S. Department of Agriculture Secretary Brooke Rollins. Rollins said on […] ...