Business

Treasury Secretary Scott Bessent's feud with Sen. Elizabeth Warren, D-Mass., and Sen. Amy Klobuchar, D-Minn., has escalated once again as politicians battle it out over the government shutdown.The feud stems from a letter signed by Warren, Klobuchar and 19 other Democrats accusing the Trump administration of prioritizing Argentina’s interests "over the needs of American farmers and rural communities" and blasting a proposed $20 billion currency swap with Buenos Aires that […]

Jobs across corporate America have been placed on the chopping block as the artificial intelligence revolution takes hold. Even senior management and long-serving executives have found themselves in a perilous situation as companies leverage the technology to streamline operations and create more agile organizations.But AI isn't solely to blame. Experts tell FOX Business that many of the job cuts are also driven by the tough economic climate and companies trying […]

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).Popular artificial intelligence (AI) chatbot platform Character.ai, widely used for role-playing and creative storytelling with virtual characters, announced Wednesday that users under 18 will no longer be able to engage in open-ended conversations with its virtual companions starting Nov. 24.The move follows months of […]

The dominant narrative around President Trump’s pardon of Binance founder Changpeng Zhao ("CZ") is one word: corruption. You can see it in the talking points:From those lines, you’d think Binance and CZ have an active business relationship with the Trumps. They don’t. That claim is unsubstantiated. There are no receipts because there’s no deal to show. Earlier this year, Binance announced a $2 billion investment from MGX—a landmark deal and the […]

Trust, but verify is my response to President Trump’s latest deal-making with China President Xi Jinping. Of course, that’s always the case with the Chinese, who can never be counted on to keep their promises. Then again, President Trump knows all about that and will unhesitatingly slap high tariffs on China if they break their commitment to stopping fentanyl or holding back rare earths or not purchasing soybeans, oil, or […]

Shares of Fox Corporation hit an all-time high intraday Thursday after the media giant posted a record first quarter for advertising revenue.The parent company of Fox News and FOX Business reported its quarterly revenues were $3.74 billion in the first quarter of the company's fiscal year 2026, which ended on Sept. 30. That represented an increase of $174 million or 5% from the same period in the prior year."Advertising revenue […]

Teamsters President Sean O’Brien demanded an end to the government shutdown Thursday in a passionate speech on its impact on the U.S. aviation industry and working families.Flanked by Vice President JD Vance and Transportation Secretary Sean Duffy outside the West Wing of the White House, the union leader called on lawmakers, including Senate Democrats, to "end the shutdown" and pass a clean continuing resolution (CR) to reopen the government.O’Brien, who […]

American retailers are offering more discounts on Hershey products ahead of Halloween as the candymaker raised prices because of tariffs and cocoa inflation, Reuters reported, citing data. The news agency said by early October, over half of Hershey candy had been put on sale by one mass retailer, according to findings from the data provider Datasembly. Reuters also cited a research note saying Hershey is among 31 food makers tracked by Jeffries, an […]

General Motors (GM) said Wednesday it is laying off 1,750 workers indefinitely in the coming months and temporarily cutting 1,670 others as it scales back electric vehicle production. The Detroit-based automaker said it is scaling back production plans and realigning electric vehicle capacity at Factory Zero, its flagship electric vehicle assembly plant in Michigan, in response to the slower near-term electic vehicle adoption and an evolving regulatory environment. In a regulatory filing […]