Business

Sen. Elizabeth Warren, D-Mass., isn’t backing down from sparring with Treasury Secretary Scott Bessent over the Trump administration’s decision to provide Argentina a $20 billion currency swap with Argentina’s central bank. Warren, along with Sen. Amy Klobuchar, D-Minn., led a coalition of lawmakers in sending a letter to Bessent Monday accusing the secretary of prioritizing foreign governments over U.S. farmers as President Donald Trump considers offering farmers financial relief and China […]

EXCLUSIVE: The ongoing government shutdown is having a negative impact on American manufacturers' operations, and dozens of state manufacturing associations are writing to congressional leaders urging them to reopen the federal government, according to a letter reviewed by FOX Business.Thirty state manufacturing groups and the National Association of Manufacturers (NAM) sent a letter to Senate Majority Leader John Thune, R-S.D., Senate Minority Leader Chuck Schumer, D-N.Y., House Majority Leader Steve Scalise, R-La., […]

Paramount cut approximately 1,000 jobs on Wednesday, with another 1,000 expected "swiftly" in a massive headcount reduction designed to address "redundancies that have emerged" after the company’s $8 billion merger with Skydance. Layoffs have been expected since the industry-changing merger put CEO David Ellison in charge of the newly formed Paramount, a Skydance Corporation, in August. Roughly 1,000 positions were eliminated Wednesday and the company plans to slash another 1,000 in the […]

Walmart announced its annual holiday sales events are coming back with significant deals as the company tries to lure in budget-conscious shoppers and reaffirm its dominance during the critical shopping period.  The retailer holds three major sales events, dubbed Walmart Deals Events, with loyalty members getting priority access. The first event will run from Nov. 14 to Nov. 16, with Walmart+ members getting five hours early access online beginning the evening […]

GameStop sparked a viral wave on social media after posting a mock "executive order" announcing an end to the decades-long battle between video game console brands, a parody that rather unexpectedly drew attention from the White House.The company shared the announcement on X with the headline "GAMESTOP DECLARES THE CONSOLE WARS OVER."Styled like a formal government decree, the post mirrored the structure and tone of an executive order, complete with […]

Real estate experts are sounding the alarm over what could happen to New York City townhouse owners if mayoral candidate Zohran Mamdani wins the election. The self-described "Democratic socialist" has taken the city by storm with a housing platform that includes a rent freeze and higher taxes on top earners. The so-called "Mamdani Effect" has rippled through the city since his campaign began, with Manhattan’s suburban housing markets seeing a surge […]

Venmo is taking a big step beyond splitting dinner bills.Starting in 2026, users will be able to make rent, mortgage and retail payments directly through the app, thanks to a "first-of-its-kind" partnership with major housing commerce platform Bilt Rewards. PayPal, which owns Venmo, made the announcement Monday.When the feature rolls out, Bilt members will be able to make payments directly through Venmo using their balance or linked payment methods. Venmo will […]

The vibes are good in Asia, as President Trump’s tour is yielding significant trade deals and national security relationships. The stock market loves it as the Trump boom continues, and markets are almost in melt-up mode. Profits are key to the market, but peaceful trade deals are helpful. And when the dust clears, it may be to the effect of a United States tariff rate something around 15 percent, which […]

Tom Hayes, the former British trader jailed over the Libor interest rate scandal, has filed a $400 million lawsuit against UBS, alleging "malicious prosecution and corporate scapegoating" by his former employer, according to court documents seen by FOX Business.Hayes’ complaint was lodged Monday in a Connecticut Superior Court and appears to accuse the Swiss banking giant of deliberately framing him as the mastermind of the scandal to shield senior executives […]