Business

The U.S. national debt surpassed another historic milestone as it topped $38 trillion for the first time this week, as the federal government continues to rack up debt at a record-setting pace.New data from the Treasury Department released on Wednesday showed that the gross national debt reached $38,019,813,354,700.26 as of Oct. 21.The $38 trillion milestone comes a little over two months after the U.S. national debt reached $37 trillion for the first […]

A dozen state financial officers are writing to the Consumer Financial Protection Bureau (CFPB) to uphold consumers' right to share financial data with authorized third parties as the agency weighs a rule that could restrict their ability to do so, according to a letter exclusively reviewed by FOX Business.The CFPB is considering revising a regulation under section 1033 of the Dodd-Frank Act, which would revise the definition of a "representative" who […]

Following the Trump administration’s decision to add a $100,000 fee to H-1B visa applicants, one retail giant has reportedly paused job offers to candidates who require the work permit.Walmart has halted hiring individuals who require an H-1B temporary work visa due to the Trump administration’s decision to impose a $100,000 application fee, people familiar with the matter told Bloomberg. The current guidelines primarily affect corporate employees, the outlet reported.Government data […]

Agriculture Secretary Brooke Rollins on Tuesday said that the U.S. is considering imports of beef from Argentina to reduce prices that have been at record highs this year.Rollins said in an appearance on CNBC's "Squawk Box" that the Trump administration is preparing to announce a plan to import beef from Argentina to help increase the beef supply, as prices surged with cattle inventory declining to the lowest level in decades."The […]

The Mega Millions jackpot surged to an estimated $680 million ahead of Friday night's drawing, making it the ninth-largest prize in the game's history.The pot grew after no ticket matched all six numbers from Tuesday night's drawing.The white balls were 2, 18, 27, 34 and 59. The gold Mega Ball was 18.MEGA MILLIONS JACKPOT NOW AMONG TOP 10 HIGHEST IN CONTEST HISTORYIt now has an estimated cash value of $318.2 […]

General Motors is positioning itself to take a leading role in the AI evolution with a suite of upgrades from anticipating a driver's needs to driving for them.The automaker, which sells vehicles under the Chevrolet, Cadillac, GMC and Buick brands, plans to equip its vehicles with conversational AI powered by Google Gemini next year ahead of GM's launch of its own custom-built AI.With the conversational AI, drivers will be able […]

JANA Partners, a New York-based investment firm, has tapped NFL superstar Travis Kelce for a venture that is the literal definition of fun. Kelce joins a group, which also includes consumer executive Glenn Murphy and technology executive Dave Habiger, that is investing in Six Flags Entertainment Corporation – the theme park giant with 42 locations across the United States, Mexico and Canada, with one coming to Saudi Arabia in 2026. This group […]

Recent reports revealed that Disney+ experienced a sharp increase in the number of subscribers ditching the streaming service after the brief suspension of Jimmy Kimmel's show.According to data from subscription analytics firm Antenna, as reported by The New York Times on Monday, Disney+ lost approximately 3 million subscribers in September, the same month that ABC suspended the late night show for Kimmel's comments regarding Charlie Kirk's assassination. This was roughly […]

It’s been a wild two days for Beyond Meat investors, with shares jumping over 146% after falling to a record low earlier this month. On Tuesday, the battered plant-based meat company said it will expand its distribution deal with Walmart, the nation’s biggest retailer. "At a time when many households are navigating rising food prices, we're pleased to introduce our new Beyond Burger value pack — the same great-tasting burger at a […]