Business

Treasury Secretary Scott Bessent pushed back Wednesday after Sen. Chris Coons, D-Del., suggested that temporary sanctions relief for Iran has granted the country $14 billion during the war.During a fiery exchange in Wednesday's Senate Appropriations Committee subcommittee hearing on the 2027 fiscal budget, Coons levied the charge at Bessent, noting that "estimates are" that Iran has gained $14 billion since the U.S. granted the Islamic Republic temporary oil waivers in […]

Kevin O’Leary is narrowing his crypto strategy after years of experimenting across the digital asset space, arguing that most tokens have failed to justify their place in portfolios as institutional money reshapes the market.US BANS NEW FOREIGN-MADE CONSUMER INTERNET ROUTERS OVER SECURITY CONCERNSO’Leary Ventures Chairman Kevin O’Leary joined FOX Business’ Stuart Varney on "Varney & Co." to discuss why he has consolidated his holdings into what he sees as the […]

A common narrative suggests that the housing crisis is a young person’s problem, with Gen Z and millennials bearing the brunt of high prices.However, new data from the Federal Reserve Bank of New York and the American Enterprise Institute Housing Center reveals a much more disturbing reality: the collapse of homeownership is happening at every age level."The profile has shifted from the young couple starting a life to the established […]

Generac Power Systems is recalling certain portable generators sold at Costco after identifying a defect that could cause gasoline to leak, posing a potential fire and burn hazard, according to a notice sent to customers.The recall affects Generac GP9200E gas generators purchased between May 2025 and February 2026, Generac Power Systems said to Costco members. The affected serial numbers range from 3016786070 to 3016788388.The issue stems from the generator’s carburetor, […]

Best Buy announced on Wednesday that it is promoting a longtime executive to chief executive as the consumer electronics retailer navigates shifting demand and intensifying competition across the retail sector.The company said that Jason Bonfig — currently its chief customer, product and fulfillment officer — will become CEO on Oct. 31, succeeding Corie Barry, who plans to step down after seven years in the role. Bonfig will become just the […]

Rising beef prices are drawing renewed scrutiny as federal investigators examine whether market dynamics or potential misconduct, are driving costs higher for American consumers.FOX Business’ Jeff Flock joined FOX Business’ Stuart Varney on "Varney & Co." to report on a new Justice Department criminal investigation tied to the surge in beef prices as households continue to feel the strain at grocery stores.POPULAR BABY FOOD BRAND HIT BY 'CRIMINAL ACT' AS […]

California officials allege Amazon may have quietly driven up prices across the internet by pressuring retailers and brands not to undercut its listings, according to newly unsealed court evidence.The allegations, revealed Monday as part of the state’s antitrust lawsuit, claim Amazon worked behind the scenes with companies like Levi Strauss and others to influence pricing at competitors, including Walmart, Home Depot and Chewy.In one example cited by the state, Levi’s […]

Concerns about artificial intelligence behaving unpredictably are gaining attention following a recent experiment involving leading AI models, though experts remain divided on what the findings actually demonstrate.President's Council of Advisors on Science and Technology Co-Chair David Sacks joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to address claims tied to an Anthropic study examining so-called "agentic misalignment."ELON MUSK BACKS ‘UNIVERSAL HIGH INCOME’ TO COMBAT AI JOB LOSSESThe study, highlighted […]

The Justice Department is reportedly pursuing a criminal antitrust investigation of large meatpacking companies after President Donald Trump called for them to face a probe over the higher prices facing consumers.The Wall Street Journal reported, citing sources familiar with the matter, that while the DOJ indicated it was investigating beef companies following the president's request, the criminal nature of the probe hasn't been disclosed previously.Trump claimed in November that beef […]