Business

The 20th century was the best of times and the worst of times. On the dark side, as many as 270 million citizens were estimated to have been killed by governments that describe themselves as socialists — on the left and the right. On the bright side of the 20th century was the success of free market capitalism, which helped lift well over one billion people out of poverty. So why […]

The Trump administration is moving to roll back Biden-era rules at the Consumer Financial Protection Bureau (CFPB) that required businesses subject to federal regulatory orders to submit those for listing on CFPB registries.A pair of documents obtained exclusively by FOX Business showed the CFPB is planning to issue an order rescinding a rule known as the NBR Orders Rule that required nonbank entities subject to orders issued by government agencies related […]

The slender 102-story tower at 432 Park Ave., sitting on a stretch of ultra-luxury residential skyscrapers known as Manhattan's Billionaires’ Row, is experiencing issues with its facade, according to a recent report.The facade of 432 Park Ave. – one of the tallest residential buildings in the Western Hemisphere, is visibly damaged with hundreds of cracks, indicating that the structure is struggling to withstand the wind and rain, according to independent […]

An American business magnate in the oil and gas industry is praising the Trump administration’s latest move to strengthen U.S. energy independence and bolster national security."This is a good start, with the president agreeing to start filling the [Strategic Petroleum Reserve]. But prices are, of course, in kind of the bottom of the barrel, as we say, commodity prices are lowest. It's certainly the time to buy this cheaper product […]

The annual inflation adjustment for Social Security benefits was released on Friday, and beneficiaries are set to see larger benefits in 2026.Social Security's annual cost-of-living adjustment (COLA) will be 2.8% next year, following the announcement by the Social Security Administration. On average, Social Security retirement benefits will increase by about $56 per month starting in January.The annual Social Security COLA has averaged about 3.1% over the last decade, and was […]

President Donald Trump announced Thursday that trade negotiations with Canada have been terminated over an advertisement featuring former President Ronald Reagan speaking out against tariffs."The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs," Trump wrote on Truth Social."The ad was for $75,000. They only did this to interfere with the decision of the U.S. Supreme […]

Meta is cutting around 600 jobs within its artificial intelligence unit, a move it says aims to boost efficiency.The layoffs to Meta's Superintelligence Labs division, which has nearly 3,000 employees, come as the company's efforts to lean into AI had become overly bureaucratic, and the social media giant hopes the cuts will produce a more efficient workflow, an internal memo showed, according to Axios."By reducing the size of our team, […]

Palantir CEO Alex Karp said his company is in an artificial intelligence arms race with its competitors, after reaching a deal with Lumen Technologies in which Palantir will deploy AI throughout Lumen's digital communications network and enhance data use and effectiveness.Karp and Lumen CEO Kate Johnson spoke on Wednesday to Fox Business' Liz Claman about the agreement, as well as AI and privacy warnings."We're in an arms race here," Karp […]

Alaska Airlines has grounded all its flights across U.S. airports on Thursday evening because of an unspecified technology-related issue, the company said.The ground stop also applied to Alaska Airlines' subsidiary Horizon Air, a Federal Aviation Administration advisory showed, Reuters reported.In a post shared on X, the airline confirmed it was experiencing an "IT outage affecting operations.""A temporary ground stop is in place. We apologize for the inconvenience. If you're scheduled […]