Business

Bill Gates apologized to staff of the Gates Foundation over his ties to Jeffrey Epstein, admitting he made mistakes that had cast a cloud over the philanthropic group while insisting he didn’t participate in Epstein’s crimes. In a town hall on Tuesday, the Microsoft co-founder acknowledged that he had two affairs with Russian women that Epstein later discovered, but that they didn’t involve Epstein’s victims. "I did nothing illicit. I saw nothing illicit," Gates said, according to […]

President Donald Trump on Tuesday outlined a new retirement plan that would see the federal government match a portion of the contributions made by American workers to retirement plans that aren't matched by their employers.Trump discussed the proposal during his State of the Union address to a joint session of Congress on Tuesday night, when he said that the federal government will start providing up to $1,000 in matching contributions to the […]

Federal Housing Finance Agency (FHFA) Director William J. Pulte said President Donald Trump is moving aggressively to drive down borrowing costs, deploying roughly $200 billion from Fannie Mae and Freddie Mac to purchase mortgage bonds — a step he said lowered rates "boom right away."Pulte joined FOX Business' Maria Bartiromo on "Mornings with Maria" to say the administration's actions directly targeted affordability and market confidence.The effort follows a sharp turnaround […]

Even as higher-end department stores struggle, off-price retail is thriving, showing that Americans are still spending, just more selectively.TJX Companies – which owns TJ Maxx, Marshalls and HomeGoods – blew past Wall Street expectations in its fourth quarter earnings report Wednesday morning.Sales surged 9% year-over-year to $17.7 billion in the fourth quarter, with comparable store sales up 5%. TJX also boosted its quarterly dividend 13% to 48 cents per share, […]

Apple will begin producing Mac minis in Houston later this year for the first time, expanding its U.S. manufacturing footprint and creating what the company said will be "thousands of jobs."The expansion will effectively double the size of Apple’s Houston campus and increase production of advanced artificial intelligence servers used in the company’s U.S. data centers.Apple said Tuesday it will also open a 20,000-square-foot Advanced Manufacturing Center in Houston focused […]

An American Airlines jet was found Monday with possible bullet holes on its exterior after completing a flight from Medellin, Colombia, to Miami.The damage was discovered during a routine post‑flight inspection of the Boeing 737 MAX 8 at Miami International Airport.According to Airlive.net, the puncture marks resembled bullet holes and were found on the plane’s right wing assembly.American Airlines confirmed to FOX Business that the plane was impacted and is currently undergoing inspection. AMERICA’S […]

The Food and Drug Administration announced Tuesday a recall of bags of certain dog treats over concerns about potential salmonella contamination.Elite Treats, based in Florida, issued a recall of a single lot of 6-ounce bags of Elite Treats Chicken Chips for Dogs, according to the FDA.The recalled bags have lot number 24045 and an expiration date of April 2027.The dog treats were sold to Florida Hardware, which distributed the items […]

The Trump administration is mulling an executive order or a different action that would have banks collecting citizenship information from their customers, according to reports.The Wall Street Journal reported Tuesday that Treasury Department officials have discussed steps that could have banks gathering citizenship information from customers in a move that would align with Trump’s crackdown on immigrants living in the U.S. illegally.According to sources familiar with the matter, the action […]

Consumer confidence ticked higher in February as American households' expectations for the labor market improved.The Conference Board's consumer confidence index rose 2.2 points to 91.2 in February from an upwardly revised 89 in January. The January data was initially reported as 84.5, the lowest level since May 2014.Economists polled by LSEG estimated the February reading for the index would come in at 87.FED'S FAVORED INFLATION GAUGE SHOWED CONSUMER PRICE GROWTH […]