Business

In its sharpest response yet to recent U.S. trade actions, China said on Monday it "firmly rejects" Washington’s new restrictions and urged the Trump administration to honor commitments made between the two leaders in past phone calls."China firmly rejects the recent U.S. restrictions and sanctions on China and will do what is necessary to protect its legitimate rights and interests," the Chinese Ministry of Foreign Affairs wrote on X.TRUMP THREATENS […]

LendingTree, Inc. announced Monday its founder and CEO Doug Lebda died unexpectedly in an all-terrain vehicle accident over the weekend. The board has appointed LendingTree’s Chief Operating Officer and President, Scott Peyree, to succeed Lebda, effective immediately."We are deeply saddened by the sudden passing of Doug. Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers," the board […]

Amazon is gearing up for the holidays with a plan to hire 250,000 works across its U.S. fulfillment and delivery network. The online commerce giant is hiring full-time, part-time, and seasonal roles, with positions being posted weekly through December. Amazon touted that regular full- and part-time employees earn an average of $23 per hour with benefits, and seasonal employees can earn an average wage of over $19 per hour. The company said […]

Despite the continuing government shutdown, taxpayers who requested an extension earlier this year from the IRS to file their return still have to meet the cutoff date. Taxpayers who needed more time to file their 2024 tax return earlier this year were able to request an extension from the IRS before the April 15 filing deadline that gave them until October 15 to get their return filed.While extensions give taxpayers extra time to […]

A familiar face is dominating the exchange-traded fund leaderboard, with more than half of the top 10 ranked by annual gains coming from one firm: Direxion.  "All the Direxion ETFs referenced are magnified bull products and the corresponding underlying indices or individual single stocks that they track are all up +45%+ year-to-date, thus reflecting the strong performance of a magnified bullish view," Ed Egilinsky, managing director at Direxion, told FOX Business.The […]

President Donald Trump moved to calm fears of an escalating trade war with Beijing on Sunday after he threatened to impose 100% tariffs on China’s imports in response to the nation's export curbs on rare earth minerals.Trump's new tariffs on China would amount to a big increase over the current average 55% levy.In a post on Truth Social, Trump said that China’s economic troubles would "all be fine" and insisted […]

A Universal Orlando Resort roller coaster caught fire Friday morning.Hollywood Rip Ride Rockit is in the process of being demolished to make room for a new attraction at the theme park. The small fire occurred on a portion of the ride's lift hill, Orlando Fire Department told local FOX 35 Orlando. The ride closed on Aug. 18. Many of the iconic features, such as the loop, have already been removed and […]

Billionaire Ken Griffin said his hedge fund’s Chicago footprint will shrink to just two floors as crime, taxes, and other challenges push employees to relocate to Miami and New York."Chicago, you know, over the last, unfortunately, over the last six or seven years, has been engulfed in a series of problems," Griffin said at the Citadel Securities Future of Global Markets conference in New York on Oct. 6. MAMDANI’S RISE IN […]

U.S. consumer sentiment held steady in October, though Americans' concerns about the labor market and inflation persisted as the government shutdown began.The University of Michigan's preliminary consumer sentiment survey for October was little changed from last month, coming in at 55 as economists polled by LSEG estimated a more significant decline to 54.2, after the index had a 55.1 reading for September.Michigan's Surveys of Consumers said that "pocketbook issues like high […]