Business

With the fall sun shining, clear skies overhead and some of the world’s most impressive yachts bobbing gently on South Florida’s calm blue waters, the Fort Lauderdale International Boat Show (FLIBS) doesn’t just attract people to buy boats — it tempts them to join a years-long migration of wealth and population."The great thing is that people sometimes who come here for the first time thinking they're going to buy a […]

Federal Reserve governor and chair candidate Christopher Waller joined "Kudlow" to shut down Chairman Jerome Powell’s claim the agency is driving through "fog."Powell said Wednesday the lack of key economic data caused by the government shutdown has given the Federal Reserve an unclear view of the economy."This fog story has just got to stop," Waller told FOX Business host Larry Kudlow. "The fog might tell you to slow down. It […]

Amazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw a double-digit jump in sales to $30 billion. "AWS is growing at a pace we haven't seen since 2022, re-accelerating to 20.2% year-over-year, our largest growth rate in 11 quarters," CEO Andy Jassy told investors. He was even more bullish on future growth. "Backlog grew to $200 […]

After completing his highly successful trade and diplomacy trip to the Indo-Pacific region, where he outfoxed and cornered China in so many areas, President Trump then wrote a long Truth Social note where he advocated for ending the government shutdown with what is called the 'nuclear option.' Writing "It is now time for the Republicans to play their "TRUMP CARD," and go for what is called the Nuclear Option — […]

Mike Tyson lived off food stamps "many times" and knows that roughly 42 million Americans will miss out on benefits when the clock strikes midnight.SNAP will not be funded on Nov. 1 with the government shutdown now a month old."People are going to starve. That’s the reality. … Some people are going to suffer," Tyson said in his appearance on Fox Business Friday.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMTyson […]

Americans enrolled in health insurance plans offered through the Affordable Care Act, commonly known as Obamacare, are expected to rise next year as the debate over extending enhanced subsidies is a flashpoint in the ongoing federal government shutdown.Since its enactment, Obamacare has offered subsidies in the form of tax credits for health insurance premiums on plans purchased through the ACA's exchanges based on enrollees' income levels. During the COVID-19 pandemic, Congress […]

BlackRock CEO Larry Fink said that the U.S. remains the primary destination for investors to put their assets and will continue to be for at least the next year and a half amid economic trends.Fink was part of a panel moderated by Bloomberg Television at the Future Investment Initiative in Saudi Arabia and noted that earlier this year there was "modest transformation and movement out of the dollar" as investors moved […]

The ongoing government shutdown delayed the release of the Commerce Department's initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest solid economic growth in the quarter.The Bureau of Economic Analysis was scheduled to release its advance estimate of third-quarter GDP on Thursday, though the furlough of workers deemed nonessential prevented the agency from compiling and releasing the report.The Labor Department's statistical agency, the Bureau of Labor […]

Some of New York City’s beloved bodega owners and community leaders are speaking out against Democratic socialist mayoral candidate Zohran Mamdani, saying they feel betrayed by a bodega business leader who endorsed him."I don't know how my friend got convinced to say that, when all of the bodega[s] together, they feel that they were betrayed by someone that's supposed to represent [us] and they know the problem that we have […]