Business

U.S. employers ramped up layoffs in October to the highest level for the month in 22 years as companies looked to cut costs and adopt artificial intelligence (AI).A report from the global outplacement firm Challenger, Gray & Christmas found that employers cut 153,074 jobs in October, an increase of 175% from the 55,597 cuts announced in October 2024. It also marks a 183% increase from the 54,064 job cuts announced in September."October's […]

U.S. Trade Representative Jamieson Greer warned Thursday that as much as $200 billion could be at stake as the Supreme Court considers overturning President Donald Trump’s tariffs—a ruling he says could spark a major economic shake-up."The court itself signaled, ‘What do you do [with the money] in the case that the tariffs are overruled?’" Greer said Thursday on "Mornings with Maria."The justices are weighing whether Trump’s broad import tariffs—imposed amid […]

Sen. John Fetterman, D-Pa., gave his take on New York City Mayor-elect Zohran Mamdani’s rise and explained his break with the Democratic Party over the government shutdown Wednesday on FOX Business.Fetterman acknowledged the "very active" progressive wing of his party, pointing to a press conference Wednesday at which Senate Minority Leader Chuck Schumer was interrupted by Sen. Bernie Sanders, I-Vt., who criticized Democrats for not supporting Mamdani."It doesn’t really matter […]

Treasury Secretary Scott Bessent said he left Wednesday's Supreme Court arguments on President Donald Trump’s emergency tariff powers "very optimistic," telling FOX Business' Larry Kudlow he believes the administration’s trade policy will stand. Bessent, who attended the hearing alongside Secretary of Commerce Howard Lutnick and several other dignitaries, said he expects the justices to uphold Trump’s authority to impose tariffs under the International Emergency Economic Powers Act (IEEPA).Asked how the administration […]

Property taxes are rising across much of America, but where you live makes all the difference.The median U.S. property tax bill in 2024 rose to $3,500, up 2.8% from the previous year, largely driven by surging home values and shifting local tax rates. However, some homeowners are paying a significantly different amount due to the states they live in, according to Realtor.com. "Tax growth varies widely state to state, including some states […]

President Trump gave a bang up speech on the economy today to a boat load of business people, investors, and other big shots. Note the venue: Miami. After last night’s victory by New York City’s brand spanking new socialist Mayor, Miami’s gonna be a very popular place. But Mr. Trump’s speech was exactly the kind of detailed economic growth discussion, with numbers, that he needs to make. He needs to […]

The American dream is experiencing a resurgence, President Donald Trump said, touting a "changing" economy and renewed optimism since taking office nearly 10 months ago."Prices are coming down very fast, and we're bringing them back to the beautiful part, where you can have, and you can truly say, we're talking about the American dream again," Trump said at the America Business Forum in Miami Wednesday."You're hearing it again more than […]

The recipient of this year’s Nobel Peace Prize and Venezuelan opposition leader María Corina Machado praised President Donald Trump for helping to cut off funding to what she called a "criminal narco-terrorist structure.""The strategy of President Trump towards this criminal narco-terrorist structure is absolutely correct," she said Wednesday at the America Business Forum in Miami, "because Nicolás Maduro is not a legitimate head of state, he is the head of […]

Billionaire grocery chain owner John Castimatidis expressed concerns following New York City's historic mayoral race that the Big Apple could become "lawless" under Mayor-elect Zohran Mamdani's leadership.Voters on Tuesday chose Mamdani, a self-described democratic socialist who defeated former New York Gov. Andrew Cuomo, to become the city's 111th mayor.Specifically, Castimatidis told FOX Business that he is worried that Mamdani will appoint judges that are too lenient and that he will […]