Business

Tesla’s shares spiked on an unconfirmed report that the electric vehicle maker’s CEO, Elon Musk, may exit the Department of Government Efficiency (DOGE).Politico, citing unnamed sources, reported Wednesday that President Donald Trump let his Cabinet and inner circle know that Musk's departure from DOGE was coming soon, with the Tesla CEO poised to move to more of a supporting role.White House press secretary Karoline Leavitt responded to the report, calling […]

UFC and Meta Platforms have inked a major deal with each other.The mixed martial arts (MMA) organization unveiled the "multi-year" partnership with Meta on Wednesday, saying the Mark Zuckerberg-run tech giant will now serve as its first "Official Fan Technology Partner." They will team up to "use Meta’s technology platforms, services, and products, including Meta AI, Meta Glasses, Meta Quest, Facebook, Instagram, WhatsApp and Threads, to immerse fans deeper into UFC […]

Morgan Wallen is making lemonade out of lemons.The "Last Night" singer shared on his Instagram story on Tuesday that he is selling new merchandise, including T-shirts and baseball caps with the words "Get me to God's Country" written on them.The announcement comes a few days after the country star was featured as the musical guest on the March 29 episode of "Saturday Night Live," when he performed two songs from […]

The head of one of the biggest companies in entertainment is praising the administration's move to cut down on price-gouging that has proliferated in the concert industry. Live Nation Entertainment Inc. CEO Micheal Rapino thanked the administration for "taking ticket scalping head-on," saying the order will protect American consumers and artists. The company, which owns Live Nation and TicketMaster and is seen as a dominant force in the live entertainment industry, promoting, […]

ChatGPT creator OpenAI on Monday revealed it is getting up to $40 billion in new funding. The money came out of a new fundraising round for the artificial intelligence (AI) company in which SoftBank Group is serving as the lead investor. The Japanese investment group said it has agreed to fund OpenAI with $10 billion in mid-April and an additional $30 billion in December, contingent on the AI firm transitioning to for-profit […]

Lockheed Martin announced Monday that the U.S. Army had awarded it a contract worth nearly $5 billion to produce its next-generation long-range precision strike missile.The contract is worth up to $4.94 billion and will see Lockheed Martin provide Precision Strike Missiles (PrSM) to the Army, which views the weaponry as the successor to the Army Tactical missile (ATACM).The missiles are compatible with the High Mobility Artillery Rocket System (HIMARS) and Multiple […]

President Donald Trump is "always up for a good negotiation," the White House said Tuesday as the administration is gearing up to announce April 2 "Liberation Day" tariffs.White House Press Secretary Karoline Leavitt made the remark in response to a question about whether companies or countries could change the way they do business with the U.S. to avoid having tariffs imposed on them. Trump has said he will unveil a […]

Israel announced on Tuesday that it is lifting all tariffs being imposed on U.S. products at the direction of Israeli Prime Minister Benjamin Netanyahu and other Israeli leaders.Netanyahu said the move aims to cultivate more competition in the market, make the economy more diverse and reduce the cost of living for the people of Israel."In addition to the economic benefits for the economy and citizens of Israel, this move will […]

Made in America businesses could soon see domestic manufacturing protections, and even a bottom-line boost, in reaction to President Donald Trump’s tariff decisions."I think it can help, and what have we got to lose?" Red Land Cotton founder Mark Yeager told FOX Business’ Lydia Hu on Tuesday. "I think the cotton industry is being propped up by government subsidies, and that's all that's keeping the cotton business in America.""If we […]