Business

Oil prices jumped on Thursday after the U.S. imposed sanctions on major Russian oil companies over Russia's war in Ukraine.Brent crude futures were up 5%, while West Texas Intermediate crude futures climbed more than 5.2% as of Thursday morning.The Trump administration on Wednesday moved to sanction Russia's largest oil producers, Rosneft and Lukoil, over their role in funding the Russian war in Ukraine, which has become Europe's biggest land war since […]

President Donald Trump pardoned Changpeng "CZ" Zhao, the convicted founder of Binance, the world’s largest crypto exchange.Zhao pleaded guilty in 2023 to a single violation of the Bank Secrecy Act, which included failure to properly implement an effective anti-money laundering program. Binance paid $4.3 billion to resolve the Department of Justice’s investigation led by former Attorney General Merrick Garland and coordinated by then-Treasury Secretary Janet Yellen through its financial crime […]

Roblox CEO and co-founder, Dave Baszucki, says "safety is a top priority," despite a civil lawsuit and a Middle Eastern country's banishment of the online gaming platform.During an interview with FOX Business, Baszucki said he has "four kids who grew up on Roblox off and on," and the business with "thousands of employees" helped children learn science, technology, engineering and math (STEM) skills while helping them stay connected to "friends […]

U.S. Treasury Secretary Scott Bessent offered some optimism for consumers, saying he expects price relief to arrive sooner rather than later."Things look great, and they're good now. I think 2026 and 2027 are gonna be great years," Bessent told FOX Business’ Larry Kudlow on Wednesday."This affordability crisis, we've gotten it under control. The first thing to getting it under control was stopping the Biden inflation," he continued. "Now that we've […]

Coca-Cola has reportedly begun rolling out soda made with cane sugar across the U.S., months after President Donald Trump urged the beverage giant to bring back the ingredient to its American products.A new 12-ounce, single-serve glass bottle of Coca-Cola’s signature soda made with U.S. cane sugar is launching in select markets nationwide this fall, a spokesperson for the company told The New York Post.The move gives consumers "a classic and […]

Treasury Secretary Scott Bessent hit back at Sen. Elizabeth Warren, D-Mass., defending the Trump administration’s decision to provide Argentina a $20 billion currency swap line with Argentina’s central bank earlier in October. Bessent’s response came after Warren issued a letter voicing concern and requesting answers on why the Trump administration was moving forward with providing Argentina a financial lifeline as its economy struggles, particularly during a U.S. government shutdown, which started […]

The Treasury Department under President Donald Trump sanctioned Russia’s two largest oil producers, Rosneft and Lukoil, on Wednesday, escalating pressure on the Kremlin to end its war in Ukraine. Treasury Secretary Scott Bessent said the move targets the oil companies that "fund the Kremlin's war machine" and called on Moscow to agree to an "immediate ceasefire."  "We canceled the meeting with President Putin," Trump told reporters in the Oval Office alongside […]

Tesla is recalling 12,963 vehicles in the U.S. over a battery pack defect that could cause a sudden loss of power.The recall affects certain 2025 Model 3 and 2026 Model Y vehicles, which may lose the ability to accelerate while driving, raising the risk of a crash, the U.S. National Highway Traffic Safety Administration (NHTSA) said in a notice issued Tuesday.About 1% of the recalled vehicles are estimated to have […]

The U.S. national debt surpassed another historic milestone as it topped $38 trillion for the first time this week, as the federal government continues to rack up debt at a record-setting pace.New data from the Treasury Department released on Wednesday showed that the gross national debt reached $38,019,813,354,700.26 as of Oct. 21.The $38 trillion milestone comes a little over two months after the U.S. national debt reached $37 trillion for the first […]