Business

The minutes of the Federal Reserve's policy meeting last month show that the path for interest rate cuts in December and early next year is far from certain.Policymakers on the Federal Open Market Committee (FOMC) were divided at their late October meeting over whether there should be an additional rate cut at their next meeting in mid-December amid concerns about a softening labor market and rising inflation.The Fed cut rates for the […]

Thursday’s jobs report added to mounting evidence that the U.S. labor market is losing steam.The September report, compiled by the Bureau of Labor Statistics (BLS), found that employment in July and August was overstated by 33,000. Job creation in July was revised down by 7,000 from a gain of 79,000 to 72,000 and job gains in August were lowered by 26,000 from a gain of 22,000 to a loss of 4,000. US […]

Nvidia CEO Jensen Huang said Wednesday the chipmaker is heading into a "crazy good" fourth quarter, underscoring its dominance at the heart of the global artificial intelligence boom.In an interview on FOX Business Network’s "The Claman Countdown" following stronger-than-expected third-quarter earnings, Huang said he expects the momentum to carry into the next quarter."We guided to a much larger quarter next quarter," Huang said. "And so the guidance that we provided […]

Toyota's CEO went full MAGA during a red, white and blue NASCAR event in Japan over the weekend, ahead of a major announcement to increase investment in U.S. manufacturing. Akio Toyoda was spotted at Toyota’s Fuji Speedway on Sunday wearing a "Make America Great Again" cap and a T-shirt supporting President Donald Trump and Vice President JD Vance. In the crowd, spectators waved American flags and U.S. Ambassador to Japan George Glass […]

Nvidia is reshaping the future of healthcare with artificial intelligence (AI) tools that are transforming nearly every corner of a hospital.The California-based chipmaker is partnering with companies to integrate AI across medicine, developing technologies that assist surgeons, analyze scans and save doctors hours of paperwork, according to Kimberly Powell, Nvidia’s Vice President of Healthcare."We are an AI and accelerated computing platform company," Powell told FOX Business. "What we do is […]

Free market capitalism is the best path to prosperity. For many years, I hosted a TV show where that was always the opening line. Of course, it reflected my view of how best individuals and nations could prosper. And I have served two Presidents who fortunately agree with this point of view.Let free people think for themselves, use their God-given talents to come up with earth-shattering ideas that can change […]

Major League Baseball announced a major media rights deal on Wednesday that keeps games on ESPN for a 39th consecutive season while also bringing games back to NBC and forming a new relationship with Netflix.The three-year deal brings NBC back into the MLB fold for the first time in over two decades, while Netflix will broadcast live games for the first time."Our new media rights agreements with ESPN, NBCUniversal and […]

Former Treasury Secretary and Harvard President Larry Summers resigned from the board of OpenAI amid the fallout over his correspondence with disgraced late financier Jeffery Epstein."I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Mr. Epstein. While continuing to fulfill my teaching obligations, I will be stepping back from public commitments as one […]

Billionaire investor Bill Ackman said Wednesday he was pleased that his dating advice went viral on X over the weekend, adding that he hopes it encourages more real-world connection in an age of social media isolation.On Saturday, Ackman wrote in a post on X that "the online culture has destroyed the ability to spontaneously meet strangers.""As such, I thought I would share a few words that I used in my […]