Business

The housing affordability crisis could soon wind down, if a newly-unveiled plan from the Trump administration rolls out as intended.U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner shared an idea jointly formulated with Interior Secretary Doug Burgum that will tap into the potential of underutilized federal lands to increase the supply of affordable housing and alleviate the longstanding burden on the market."There's approximately 500 million acres in […]

Walt Disney World's Central Shops are a vital part of the magic, maintaining dozens of attractions and hundreds of audio-animatronic figures.The Central Shops building houses more than 400 cast members. It was built in 1969 to support the opening of Magic Kingdom in 1971, making it one of the oldest buildings on the property.  Fredrick Cox Jr., the director of manufacturing, told FOX Business it was an easy decision to […]

Advance Auto Parts is now plotting an expansion. The automotive aftermarket parts provider said Wednesday it was "entering its next phase of returning to growth" with plans to launch 30 new stores in the U.S. this year. Over the longer-term through 2027, Advance Auto Parts is seeking to add 100 more locations including bigger "market hub" stores, according to the company. "Advance Auto Parts is on the path to accelerate store growth and […]

On March 28, 1985, President Ronald Reagan made history as the first and only sitting president to ring the opening bell at the New York Stock Exchange (NYSE). Exactly 40 years later, Ronald Reagan Presidential Foundation and Institute President and CEO David Trulio, alongside Chairman and Editor-in-Chief of Forbes Media Steve Forbes, honored the 40th president’s legacy and rang the iconic opening bell.When Reagan addressed the NYSE, he was at […]

Ellen DeGeneres and Portia de Rossi's home in Montecito has sold for over its asking price.The couple placed their home on the market through Riskin Partners Estate Group of Village Properties/Forbes Global Properties, and began receiving offers within days of placing it for sale.According to People, the home received "multiple offers within two days of hitting the market," and eventually sold for $5.2 million, more than its $4.9 million asking […]

Elon Musk’s artificial intelligence company xAI has acquired the tech billionaire’s social media platform X in a blockbuster deal that values X at $33 billion.The Tesla and SpaceX CEO made the announcement on the social media platform on Friday and said the deal was an all-stock transaction that will unlock immense potential by blending xAI’s advanced AI capability and expertise with X’s massive reach.He said the combination values xAI at […]

The tariff wars continued to snowball this week after President Donald Trump said he would impose a 25% tariff on all imported automobiles and parts, on top of the existing tariffs already in place on the European Union, Canada, Mexico and China.International leaders pushing back on the tariffs have repeatedly warned it will be not only be citizens in their nations that will pay the price, but American consumers, workers […]

President Donald Trump’s recently announced auto tariffs could potentially be a boon for rental car companies. Hertz on Thursday saw its stock price post a jump of over 20%, and another rental car company, Avis, posted a double-digit increase the same day. The jumps that those rental car companies experienced Thursday came the day after the president revealed he was imposing a new 25% auto import tariff in early April.PRESIDENT DONALD TRUMP […]

Elon Musk and members of his Department of Government Efficiency (DOGE) discussed efforts by bad actors to defraud Social Security in an interview on Thursday.Musk and several members of DOGE appeared on Fox News' "Special Report with Bret Baier" and told host Bret Baier that a significant proportion of the daily calls that Social Security fields are from people trying to change legitimate recipients' direct deposit destinations in an effort […]