Business

Real estate experts are sounding the alarm over what could happen to New York City townhouse owners if mayoral candidate Zohran Mamdani wins the election. The self-described "Democratic socialist" has taken the city by storm with a housing platform that includes a rent freeze and higher taxes on top earners. The so-called "Mamdani Effect" has rippled through the city since his campaign began, with Manhattan’s suburban housing markets seeing a surge […]

The vibes are good in Asia, as President Trump’s tour is yielding significant trade deals and national security relationships. The stock market loves it as the Trump boom continues, and markets are almost in melt-up mode. Profits are key to the market, but peaceful trade deals are helpful. And when the dust clears, it may be to the effect of a United States tariff rate something around 15 percent, which […]

Tom Hayes, the former British trader jailed over the Libor interest rate scandal, has filed a $400 million lawsuit against UBS, alleging "malicious prosecution and corporate scapegoating" by his former employer, according to court documents seen by FOX Business.Hayes’ complaint was lodged Monday in a Connecticut Superior Court and appears to accuse the Swiss banking giant of deliberately framing him as the mastermind of the scandal to shield senior executives […]

Call it "The Art of the Rare Earth Deal." President Trump has embarked on bold new rare earths diplomacy to reduce China’s global dominance in the rare earth supply chain needed to power industries worldwide. And to do it, Trump is moving to strike rare earth gold in a new global mineral blitz to outflank Beijing, with new deals from Asia to Australia.   Rare earths are the foundation materials for much […]

President Donald Trump predicted that gas will "soon" drop to $2 per gallon.During a speech in Japan, he said "our motto is drill baby drill" and noted that he anticipates "$2 gasoline pretty soon," describing the prospect as "bigger than a tax cut."If the president's prediction pans out, it would mark a substantial decrease from the gas prices Americans have been facing at the pump.GAS PRICES NEAR $3 MARK FOR […]

As grocery prices remain stubbornly high, major retailers are stepping in to ease the burden for some shoppers, but not all.Walmart, Amazon and Kroger have rolled out or expanded programs that offer special discounts, delivery perks and membership savings for customers who use government assistance programs such as Supplemental Nutrition Assistance Program (SNAP) and Electronic Benefits Transfer (EBT).Walmart’s new Walmart+ Assist membership cuts its annual subscription cost in half, from […]

PayPal on Tuesday became the first payments platform to embed its digital wallet into OpenAI's ChatGPT.Shares of the San Jose, California-based company climbed in Tuesday morning trading after the company announced that it is going to adopt the Agentic Commerce Protocol (ACP) to expand payments and commerce in ChatGPT, allowing ChatGPT users to be able to check out instantly using PayPal. PayPal said it will also support payments processing for merchants […]

Millions of hotel workers are facing an uncertain future ahead of the holiday season as the prolonged government shutdown weighs on the industry. Dozens of industry associations representing hotels nationwide penned a letter to the leaders of the House of Representatives and Senate, urging them to end the government shutdown, which is in its 28th day.Each day the shutdown persists, the American Hotel and Lodging Association (AHLA) estimates that it costs […]

Elon Musk’s artificial intelligence company, xAI, launched its early version of Grokipedia Monday, which is said to be an AI-generated encyclopedia to compete with Wikipedia.The billionaire Tesla founder, who has long criticized Wikipedia for what he calls "editorial bias," previously described Grokipedia as a more "truthful and independent alternative." FOX NEWS AI NEWSLETTER: TRUMP ORDER HARNESSES AI TO FIGHT CHILDHOOD CANCERPowered by Grok, xAI’s chatbot trained on real-time data, the platform […]