Business

Trust, but verify is my response to President Trump’s latest deal-making with China President Xi Jinping. Of course, that’s always the case with the Chinese, who can never be counted on to keep their promises. Then again, President Trump knows all about that and will unhesitatingly slap high tariffs on China if they break their commitment to stopping fentanyl or holding back rare earths or not purchasing soybeans, oil, or […]

Shares of Fox Corporation hit an all-time high intraday Thursday after the media giant posted a record first quarter for advertising revenue.The parent company of Fox News and FOX Business reported its quarterly revenues were $3.74 billion in the first quarter of the company's fiscal year 2026, which ended on Sept. 30. That represented an increase of $174 million or 5% from the same period in the prior year."Advertising revenue […]

Teamsters President Sean O’Brien demanded an end to the government shutdown Thursday in a passionate speech on its impact on the U.S. aviation industry and working families.Flanked by Vice President JD Vance and Transportation Secretary Sean Duffy outside the West Wing of the White House, the union leader called on lawmakers, including Senate Democrats, to "end the shutdown" and pass a clean continuing resolution (CR) to reopen the government.O’Brien, who […]

American retailers are offering more discounts on Hershey products ahead of Halloween as the candymaker raised prices because of tariffs and cocoa inflation, Reuters reported, citing data. The news agency said by early October, over half of Hershey candy had been put on sale by one mass retailer, according to findings from the data provider Datasembly. Reuters also cited a research note saying Hershey is among 31 food makers tracked by Jeffries, an […]

General Motors (GM) said Wednesday it is laying off 1,750 workers indefinitely in the coming months and temporarily cutting 1,670 others as it scales back electric vehicle production. The Detroit-based automaker said it is scaling back production plans and realigning electric vehicle capacity at Factory Zero, its flagship electric vehicle assembly plant in Michigan, in response to the slower near-term electic vehicle adoption and an evolving regulatory environment. In a regulatory filing […]

There is growing concern among today's workforce that they will be swiftly replaced by artificial intelligence as the technology, which has touched nearly every corner of the economy, continues to advance.But experts argue that the adoption of the technology won't be the same across all industries, meaning not every job will be impacted the same way, according to the World Economic Forum. To better characterize the situation, the organization likened […]

California’s wealthiest residents could face a one-time 5% tax on their net worth under a new proposal aimed at replacing billions of dollars in federal funding cuts to healthcare.The measure – called the "2026 Billionaire Tax Act" – seeks to counter $30 billion in potential federal funding cuts to California's Medicaid program, with a portion of the revenue earmarked for public education, according to supporters, which include the Service Employees […]

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).Efforts to safeguard children from harmful content and online predators continue to grow, as regulators and lawmakers say companies – from social media networks to gaming platforms — have failed to protect minors from grooming, exploitation and exposure to inappropriate material.The debate has sparked […]

President Donald Trump and Chinese President Xi Jinping will kick off high-stakes talks amid their ongoing trade dispute and geopolitical tensions.Trump and Xi are expected to meet on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Busan, South Korea, in their first in-person meeting since Trump's first term. The meeting is expected to begin in the morning hours on Thursday, Wednesday night in the U.S.Trump has expressed optimism about […]