Business

Super Bowl champion Odell Beckham Jr. broke down the supposed financial perils of signing a lucrative contract in the NFL and what a $100 million deal really means.Beckham appeared on "The Pivot" back in October and lamented not having the financial literacy to know the expenses that would come with a massive deal. The interview caught the attention of social media during the holiday weekend.CLICK HERE FOR MORE SPORTS COVERAGE […]

A growing number of consumers are shying away from the new car market as prices increasingly become out of reach. But used cars aren't offering much relief either, according to auto industry experts.Joseph Yoon, consumer insights analyst at Edmunds, told FOX Business that shoppers are contending with the highest average monthly payments and highest average loan balances ever seen at Edmunds. The company's data from October, the most recent on […]

Michael Dell, founder and CEO of Dell Technologies, and his wife, Susan, have pledged $6.25 billion to support a new federal savings program created for America’s children, known as "Trump accounts."The program, tucked into the One Big Beautiful Bill Act and signed into law by President Donald Trump on July 4, provides every child born between Jan. 1, 2025 and Dec. 31, 2028 with a one-time $1,000 government deposit at […]

Costco Wholesale Corporation is suing the federal government to block President Donald Trump’s emergency tariffs and recover the funds the retailer says it was improperly required to pay on imported goods.The case, filed in the Court of International Trade, argues that Trump used an emergency-powers law to impose tariffs on goods from China, Mexico, Canada and dozens of other countries, even though the statute does not allow the president to […]

Texas Attorney General Ken Paxton on Monday announced an investigation into Shein and whether the fast-fashion retailer violated state laws related to unethical labor practices and the sale of unsafe consumer products.Paxton said that the investigation into Shein will determine whether the retailer's supply chain and manufacturing practices violate Texas state laws about the use of toxic and hazardous materials, mislead consumers about product safety and mislead consumers about ethical sourcing. It also […]

Elon Musk’s Tesla took a hit from "Big Short" investor Michael Burry, who claimed the electric vehicle maker is "ridiculously overvalued" just days after voicing concern about the market’s AI boom."Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Burry wrote in his Substack newsletter "Cassandra Unchained" on Sunday, Reuters reported.Burry further calculated that Tesla reduces existing shareholders’ stakes by roughly 3.6% annually through […]

Newell Brands will close 20 Yankee Candle stores across North America beginning in January as part of a plan to streamline the brand’s retail footprint.The closures, which account for roughly 1% of brand sales, are part of the company's broader optimization plan to align its footprint with "modern consumer shopping behaviors and supports its multi-channel growth strategy." Michael Kittredge started Yankee Candle in 1969 and opened its first official store four […]

Elon Musk said in a new interview that he thinks robotics powered by artificial intelligence (AI) driving productivity gains and output are the only way to address the more than $38 trillion national debt.Musk said in a podcast interview on "A Different Conversation with Nikhil Kamath" released Sunday that the widespread deployment of AI and robotics are the only ways to address the large and growing national debt. "I think that's pretty […]

Goldman Sachs said on Monday it will buy active exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion, as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments.Active funds have regained lost ground in the last few years as investors favor a more hands-on approach following lower returns from passively managed index products amid tighter monetary policy.Global assets in […]