Business

The long and the short of the U.S.-China fisticuffs is that no trade barriers are coming down, and no new trade openings are popping up. China has gone rogue by putting export controls for rare earths and other commodities on the entire world. And of course, the U.S. has got to punch back. Scott Bessent is right, China is a command-and-control economy, and our allies will neither be commanded nor […]

New York City mayoral candidate Zohran Mamdani is standing by his proposal to raise taxes on the city’s wealthiest residents and corporations to fund free buses and universal childcare.Under Mamdani’s plan, the personal income tax rate on the city's wealthiest 1% would rise by 2 percentage points, while the corporate tax rate would increase to match New Jersey’s 11.5% rate, he told Martha MacCallum on Wednesday on Fox News' "The […]

Stellantis, the parent of Chrysler, Jeep and Ram, unveiled plans on Tuesday to invest $13 billion to boost its U.S. domestic manufacturing footprint over the next four years.This marks the largest single investment in the automaker's history and will support the introduction of five new vehicles across the brand portfolio in key segments, the production of the all-new four-cylinder engine, as well as fund more than 5,000 additional jobs at […]

Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer spoke on Wednesday about what they refer to as a "global power grab" by China.The Trump administration officials held a press conference during which they said they are "constantly focused on the Chinese chokehold on the world of rare earth and rare earth materials."Bessent insisted that Washington did not want to escalate a trade conflict with China, stressing that President […]

NBC News began a round of layoffs on Wednesday as the company prepares to officially separate from MSNBC. Impacted NBC News employees have been called into meetings to learn their fate, an insider told Fox News Digital. More than 100 employees are expected to be let go.The NewsGuild of New York, which represents nearly 6,000 media workers across the tri-state region, isn’t pleased with the decision to reduce headcount among rank-and-file […]

Meta has complied with a Department of Justice request to remove a large Facebook group allegedly used to harass Immigration and Customs Enforcement (ICE) agents operating in Chicago, Attorney General Pamela Bondi announced Tuesday. The group was allegedly sharing personal information about ICE agents who were deployed to the city as part of President Donald Trump’s ongoing crackdown on illegal immigration. "Today following outreach from @thejusticedept, Facebook removed a large group page that […]

Meta is changing how teens use Instagram, rolling out new restrictions as pressure mounts over the app’s impact on young people’s mental health."We really do have your back. We have done so much research with parents to really understand the kinds of things that they're most concerned about," Meta spokesperson Tara Hopkins said Wednesday on "Fox & Friends."The launch comes as Meta faces growing pressure from lawmakers and parents concerned by […]

President Donald Trump accused China of waging an "economically hostile" act by cutting back soybean purchases and said he’s considering ending U.S. trade with China involving cooking oil and other goods in response."I believe that China purposefully not buying our Soybeans, and causing difficulty for our Soybean Farmers, is an Economically Hostile Act," Trump wrote Tuesday on Truth Social. "We are considering terminating business with China having to do with […]

Bitcoin valued at $15 billion has been seized by the Department of Justice (DOJ) from a massive "pig butchering" network, and in what officials say is the "largest forfeiture action in U.S. history."Federal prosecutors in Brooklyn, New York, unsealed an indictment Tuesday charging Chen Zhi, also known as "Vincent," leader of the Prince Holding Group, in connection with the crypto scam scheme, based out of Cambodia.Zhi, 37, who is still […]