Business

U.S. efforts to crack down on Iran’s growing use of cryptocurrency are intensifying as officials work to cut off financial channels tied to the regime as tensions rise in the Middle East.BESSENT SAYS US SEIZED NEARLY $500M IN IRANIAN CRYPTO AS OPERATION ECONOMIC FURY SENDS REGIME INTO ‘CRISIS’FOX Business’ Darren Botelho joined FOX Business’ Stuart Varney on "Varney & Co." to report on the Trump administration’s efforts to track and […]

New York City's LaGuardia Airport is bringing science fiction to the terminal with the debut of an AI-powered hologram concierge designed to help travelers find gates, lounges and baggage claim through face-to-face conversations.The digital assistant, nicknamed "Bridget," was unveiled this week inside Terminal B, where the hologram chats with passengers in real time and helps them navigate the busy area.Unlike prerecorded holograms used elsewhere for greetings or ads, Bridget responds […]

Spirit Airlines’ sudden overnight collapse has left budget-conscious families stranded just weeks before the traditional launch of the summer travel season on Memorial Day.Shortly after Spirit’s operational shutdown, a company lawyer apologized in bankruptcy court to Americans who are now priced out of air travel."We apologize most specifically to those Americans who may now be priced entirely out," Spirit lawyer Marshall Huebner said in bankruptcy court, The Associated Press and […]

Massive investment in artificial intelligence infrastructure is helping shape the next phase of the digital economy, according to one investment expert watching Wall Street’s AI race.ProCap Financial Chairman and CEO Anthony Pompliano joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss the surge in AI investment, growing interest in digital assets and how his firm’s AI-powered financial platform is helping users navigate increasingly complex markets."The market is showing […]

Meta is preparing a sweeping workforce overhaul tied to its aggressive artificial intelligence push, including plans to move thousands of employees into AI-focused roles while cutting managers and laying off workers this week.The Facebook parent plans to lay off roughly 10% of its workforce Wednesday as part of a broader restructuring tied to CEO Mark Zuckerberg’s effort to remake the company around AI tools and autonomous agents, according to an […]

Ford Motor Co. is partnering with Seattle-based outdoor brand Filson to launch a new Bronco SUV aimed at consumers who value rugged utility, outdoor adventure and products built to last for generations.The companies announced Tuesday that the first-ever Bronco Filson SUV will debut on June 3."It is definitely catered to those that really have the appreciation for the outdoors, but [those who] also have an appreciation for products that you […]

A federal jury ruled against Elon Musk in his lawsuit accusing OpenAI of abandoning its nonprofit roots, finding that neither the tech company nor CEO Sam Altman could be held liable in the matter because Musk waited too long to bring the case.The jury delivered a unanimous verdict after deliberating for less than two hours on Monday morning, following 11 days of testimony and arguments in Oakland, California. They found […]

Former Google CEO Eric Schmidt was met with boos during a University of Arizona commencement speech after discussing artificial intelligence and fears the technology could reshape – or replace – parts of the workforce.Schmidt, who led Google from 2001 to 2011, addressed graduates on Friday while reflecting on how technology transformed society during his career. The atmosphere shifted, however, when he pivoted to artificial intelligence – a topic that has […]

New York City Mayor Zohran Mamdani on Monday announced another location for one of the city’s five planned government-run grocery stores.The store will be located in the Bronx at what Mamdani called The Peninsula, a planned mixed-use campus that will also offer affordable housing and a health and wellness center in the Hunts Point neighborhood. It is scheduled to open some time in 2027."This store will be the first of […]