Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump’s “one big, beautiful bill” may add to the $36 trillion national debt. Bessent appeared before the House Ways & Means Committee on Wednesday, a hearing that Democrats used to sharpen their attacks against Republicans’ massive Trump agenda bill. At one point, […]
“Shark Tank” investor Kevin O’Leary described Los Angeles as a “war zone” with “horrific” consequences for small businesses while weighing in on the anti-ICE riots plaguing the deep blue city on Wednesday. “If you’re a small business… and you see these images of windows being smashed, cars burnt, baseball bats on someone’s property, this is […]
Inflation increased slightly in May and remained above the Federal Reserve’s target rate ahead of the central bank’s next meeting this month. The Bureau of Labor Statistics on Wednesday said that the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.1% in […]
FC Internazionale Milano, known globally as Inter or Inter Milan, and Fanatics have announced a new partnership that taps into the digital sports leader’s resources of e-commerce, retail, manufacturing and licensing for the famous soccer club. Inter is one of Italy’s most storied franchises, as well as an innovative brand, as shown by this partnership […]
The U.S. and China have reached a “framework” to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. The development comes after two days of meetings between negotiators in London and a phone call last week between President Donald Trump and Chinese President Xi Jinping. The […]
A new analysis by Goldman Sachs finds that while lawmakers in Congress are weighing a higher cap on the state and local tax (SALT) deduction, those potential tax savings are unlikely to stop wealthier taxpayers from moving to states such as Florida and Texas. The report, authored by Goldman economists led by Jan Hatzius, noted that […]
Two major real estate marketplaces are making big changes to what home listings can appear on their websites. Zillow and Redfin are both taking aim at listings of homes up for sale that have been publicly marketed prior to being entered into the multiple listing service (MLS), taking steps to bar them from their respective […]
Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs. The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a company-wide memo viewed by FOX Business. Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins said in the message that Paramount was “taking the hard, but […]
Donald Trump chose criminal deportation, law and order, and tough-on-crime. California Democrats chose lawsuits and states’ rights. Who do you think won this latest round? I’d say Trump 10-Democrats 0. It’s just hard to believe that removing illegal alien criminals who have committed sexual assault and murders would be attacked by one of our two […]
Meta CEO Mark Zuckerberg is reportedly building a team of experts to develop artificial general intelligence (AGI) that can meet or exceed human capabilities. Bloomberg News reported Zuckerberg is looking to build a superintelligence team and is recruiting from a group of artificial intelligence (AI) researchers and engineers who he has been holding a series of […]
Retail stores and at least one restaurant are being caught in the crosshairs of ongoing anti-ICE riots in Los Angeles. A T-Mobile, Adidas, Apple Store and a sushi restaurant were also among the businesses that were damaged or looted in recent days as rioters clashed with law enforcement over ICE raids in the city. The […]
New York is poised to play a central role in the development of artificial intelligence (AI), OpenAI executives told key business and civic leaders on Tuesday. OpenAI CEO Sam Altman spoke at a private event hosted by the Partnership for New York City and the AI firm revealed a report showing that New York is well-positioned to […]
Tech giant Apple is on day two of five of its annual Worldwide Developers Conference (WWDC), where announcements are being made about what is ahead for its devices. One of the major announcements made on Monday was that iOS users will be able to create digital identifications with their passports, which can then be used […]
Artificial intelligence is helping Chipotle rapidly grow its footprint, according to CEO Scott Boatwright. On Monday, Boatwright told Fortune at the outlet’s COO summit that the company “will open a new Chipotle restaurant this year almost every 24 hours” amid the chain growing at an “exponential rate.” “And if you think about the growth that’s ahead […]
Rioters in downtown Los Angeles looted a prominent Apple store amid protests against ICE raids in the city. Images from the scene show rioters in hoodies and masks ransacking the store Monday night. Dozens of people can be seen throughout the property before at least one individual began breaking a window in order to escape […]
The Department of Government Efficiency announced in a Monday post on X that agencies had recently nixed “111 wasteful contracts,” resulting in millions of dollars in savings. “Great work by agencies over the last three days terminating 111 wasteful contracts with a ceiling value of $790M and savings of $263M,” the post on X noted, […]
They’re scary, but cute – and taking the internet by storm as customers race to get their hands on Labubus. Distributed exclusively by Chinese-based retailer Pop Mart, it’s become near impossible to buy one of the plush pendant toy collectibles as they sell out online almost nightly, and people wait in hours-long lines to purchase […]
Apple introduced a bunch of updates and new features for iPhones through its upcoming iOS 26 operating system. The tech giant provided a preview of the new iPhone operating system as part of the annual Worldwide Developers Conference (WWDC) it held on Tuesday afternoon. iOS 26 “brings a beautiful new design, intelligent experiences, and improvements […]
Chipotle has a new dip coming to its menu for the first time since 2020. Its restaurants in the U.S. and Canada will start offering a new limited-time Adobe Ranch dip beginning June 17, the company announced Monday. When it becomes available, the new Adobo Ranch will contain adobo peppers, sour cream and a “unique […]
Home Depot said its stores remain open after some of its locations in Los Angeles were the target of an Immigration and Customs Enforcement (ICE) raid. Several people were detained by U.S. Immigration and Customs Enforcement (ICE) agents in the parking lot of a Home Depot in Paramount, a city in Los Angeles County, on […]
Officials from the U.S. and China met on Monday to begin a two-day session to discuss bettering trade ties and further deescalate the trade war. Details of the meeting have not yet emerged, though a source told FOX Business the discussions lasted nearly seven hours and prompted the delegations to order dinner in, as they […]
President Donald Trump is hosting a White House event on Monday touting a policy in the One Big Beautiful Bill Act that would create investment accounts seeded with $1,000 for all newborn U.S. citizen children. The event is expected to be attended by the CEOs of several firms who plan to contribute to the accounts on […]
Waymo, a subsidiary of Google parent company Alphabet, is temporarily removing its autonomous cars from downtown Los Angeles after rioters set some of the vehicles on fire in response to federal immigration raids. Waymo said it quickly removed its autonomous vehicles from downtown L.A. and “will not be serving that area for the time being […]
Warner Bros. Discovery announced Monday that it will split into two companies by separating its studios and streaming business from its cable TV networks. The parent company of HBO and CNN is splitting into two firms to help it better compete in streaming, as the move is expected to give WBD’s streaming unit more room to scale […]
The Federal Aviation Administration said it will continue to cap the number of flights in and out of Newark Liberty International Airport through the end of the year to ensure safety and limit travel disruptions. Starting Monday, arrivals and departures will be limited to 28 each per hour during airport construction on weekends between September […]
There are two likely outcomes of the looming trade talks between the U.S. and China, but only one “secret weapon” to hedge against long-term competition with the growing adversary, according to one foreign policy expert. “It’s going to be a test of the two different theories put forward in our country about how weak China […]
