Business

Wall Street’s rally is increasingly being tied to a mix of artificial intelligence investment, corporate tax incentives and a wave of factory construction reshaping the U.S. economy.White House National Economic Council Director Kevin Hassett joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss why he believes the economy is entering a new growth phase driven by capital spending, AI productivity gains and tax policies aimed at accelerating domestic […]

New Disney CEO Josh D'Amaro outlined a new growth strategy for the entertainment giant as the company announced its quarterly results, which includes a focus on investing in content as well as technology.D'Amaro, who succeeded former Disney CEO Bob Iger in mid-March, said in a letter to shareholders that Disney's long-term strategy will revolve around three pillars including investing in intellectual property and creativity, reaching and engaging more consumers around […]

PayPal is reportedly weighing cuts of up to 20% of its workforce as the payments giant ramps up cost-cutting efforts under new leadership.The potential layoffs come as PayPal faces mounting pressure on profitability despite continued revenue growth.FOX Business reached out to PayPal for comment.Bloomberg and The Wall Street Journal reported that the company could cut as much as one-fifth of its staff as part of a broader restructuring push.BAY AREA […]

Seattle Seahawks linebacker and recent Super Bowl hero Derick Hall and his mother, Stacy Gooden-Crandle, have partnered with the classic American diaper brand Huggies to share Hall's story of survival as an infant.Hall and Gooden-Crandle starred in the brand's "Natural Born Fighters" advertisement, showcasing Hall's miraculous journey from a baby with a 1% chance to live to Super Bowl champion. The campaign celebrates Hall and other figures in history who […]

Delta Air Lines is expanding snack and drink service on thousands of flights, but for travelers on hundreds of short routes, the beverage cart is about to disappear entirely.The changes set to take effect May 19 will mean passengers flying on Delta Main and Delta Comfort will no longer receive food or drinks on flights of 350 miles or less, which are typically trips lasting under an hour, a Delta […]

The Trump administration on Tuesday announced that it had reached new agreements with Microsoft, Google DeepMind and Elon Musk's xAI to expand collaboration with Big Tech companies in researching artificial intelligence (AI) and security.The Center for AI Standards and Innovation (CAISI), which is part of the Commerce Department's National Institute of Standards and Technology, will work with the AI companies on pre-deployment evaluations as well as targeted research into frontier […]

A threat from hedge fund Citadel to put a halt to its $6 billion Midtown Manhattan offices over a tax proposal from Mayor Zohran Mamdani threatens area food vendors' dwindling business, vendors told FOX Business.The fund, founded by Ken Griffin in 1990, made the threat after Mamdani directly targeted Griffin while announcing a new tax on second homes in the city."This is an annual fee on luxury properties worth more […]

The prospect of renewed conflict in the Middle East is intensifying as tensions escalate in the Strait of Hormuz, with military leaders warning that a return to sustained combat operations may be unavoidable following reported ceasefire violations by Iran.TREASURY FREEZES $344M IN CRYPTO AS 'OPERATION ECONOMIC FURY' PUSHES IRAN TO INDUSTRIAL BREAKING POINTFox News senior strategic analyst, retired Gen. Jack Keane, joined FOX Business' Cheryl Casone on "Mornings with Maria" […]

A Texas candy company with roots dating back more than a century is winding down most of its operations as rising costs and shrinking margins pressure the long-running family business.Lammes Candies, an Austin-based confectioner founded in the 1800s, said it will begin an "orderly wind-down of operations" after 141 years of continuous family ownership, according to a statement posted to the company’s Facebook page."This was not an easy decision," the […]