Business

The Mega Millions jackpot continues setting records, now offering the eighth-largest jackpot in the game's history."The estimated jackpot for the next drawing on Tuesday, November 11, is a whopping $900 million ($415.3 million cash)," Mega Millions said in a media release on Saturday. As it marches towards the $1 billion mark, it is "only the third time the jackpot has reached this level since the current game record of $1.602 billion […]

Treasury Secretary Scott Bessent warned Sunday that the ongoing government shutdown is taking an escalating toll on the U.S. economy, saying growth could be cut "by as much as half" this quarter if the impasse drags on."We've seen an impact on the economy from day one, but it's getting worse and worse," Bessent said during an interview on ABC's "This Week" program.GOVERNMENT SHUTDOWN THREATENS CRUCIAL ECONOMIC DATA, LEAVING FED — […]

The appeal of socialism remains strong and is expanding, even in America’s capital of capitalism.With democratic socialist Zohran Mamdani’s victory in New York City's mayoral race, the movement has gone mainstream, bringing promises of rent freezes, free child care and a sweeping expansion of government power. Supporters call it compassion; history calls it something else.FOX Business' David Asman took viewers inside the battle of ideas shaping the nation's future in […]

President Donald Trump said Sunday that people who do not support tariffs are "fools" and vowed to use the revenue generated from duties to fund a $2,000 dividend for Americans."People that are against tariffs are FOOLS! We are now the richest, most respected country in the world, with almost no inflation and a record stock market price," Trump wrote in a Truth Social post. "A dividend of at least $2000 […]

Ellen Barkin's former New York City townhouse is looking for its new owner.The former home of the 71-year-old "Diner" actress is on the market for $23 million, in partnership with listing agents Christian Rogers, Matthew Wojnarowicz, and Eileen McGill of Howard Hanna Elegran.According to The Robb Report, Barkin purchased the property in 2006 following her divorce from businessman Ronald O. Perelman. The outlet reports she sold it in 2023 for […]

More than 400,000 Honda Civics were recalled after the automaker discovered that a manufacturing issue may cause wheels to come off the vehicle while moving.Honda announced the voluntary recall on Friday, impacting roughly 406,000 cars sold in the U.S. with model years from 2016-2021.The issue, stemming from a supplier error, "could cause the wheel nuts to loosen and detach," the company said.FORD RECALLS 1.4M VEHICLES OVER REARVIEW CAMERA ISSUE"Due to […]

New York City’s newly elected mayor has promised sweeping changes when he takes office, including a rent freeze and universal free childcare. But his democratic socialist messaging, critics say, has put some New Yorkers on edge.City Councilwoman Inna Vernikov, whose family fled the Soviet Union, said she is "absolutely devastated" by what she called the city’s shift toward socialism."The former Soviet Union was a communist country, and we fled here […]

International flights will continue operating as normal despite the ongoing government shutdown, Transportation Secretary Sean Duffy said Friday.Duffy spoke to reporters this morning at Reagan National Airport as the government shutdown exacerbated travel disruptions nationwide, impacting millions of passengers and forcing the government to reduce flight volume."International flights are not going to be impacted, and there's a reason for that," Duffy said. "We have international agreements that we abide by […]

Some of New York City Mayor-elect Zohran Mamdani’s socialist policy goals may now be within reach as political pressure mounts on Gov. Kathy Hochul and state lawmakers to help him deliver on his promises, an insider told FOX Business.Though Mamdani’s sudden ascent to power was spurred on by grand promises of lowering the cost of living through city-owned grocery stores, universal childcare, free buses and the like, many have expressed […]