Business

Elon Musk on Wednesday reportedly became the first person in history with a net worth of $500 billion.The Tesla and SpaceX CEO’s fortune crossed the half-trillion mark around 3:30 p.m. ET, putting him about $150 billion ahead of Oracle co-founder Larry Ellison, the world’s second-richest person, Forbes reported.Musk’s wealth has skyrocketed from $24.6 billion in March 2020 to a series of milestones: $100 billion by late 2020, $200 billion in […]

The Screen Actors Guild–American Federation of Television and Radio Artists (SAG-AFTRA) condemned the creation of actress "Tilly Norwood" through artificial intelligence in a statement Tuesday.Tilly Norwood was first introduced by Xicoia, the artificial intelligence division of the production company Particle6, in July after being featured in a comedy sketch, "AI Commissioner."  The company’s founder, Eline Van der Velden, gave a presentation on Norwood at the Zurich Film Festival on Saturday, […]

Amazon announced Wednesday the launch of Amazon Grocery, a new private-label brand that merges popular items from Amazon Fresh and Happy Belly into one "grocery essentials" collection.The retail giant's new brand features more than 1,000 grocery items, ranging from milk and olive oil to produce, meat and seafood, with most products priced under $5. The launch comes "during a time when consumers are particularly price-conscious," according to Jason Buechel, vice […]

New York City’s suburban housing markets are reportedly seeing a surge in demand as the mayoral race heads toward the Nov. 4 election, with Democratic Socialist Zohran Mamdani leading in the polls.Mamdani's housing platform — which includes a rent freeze and higher taxes on top earners — reportedly has some New Yorkers turning to the suburbs. Zach and Heather Harrison, real estate agents in the affluent Westchester County, said calls […]

Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for steak and ground beef.The Bureau of Labor Statistics' consumer price index report for August showed a surge in beef prices over the past year. Ground beef prices were up 12.8% on a year-over-year basis in August, while beef […]

The Department of Transportation (DOT) is halting funding for two of New York City’s biggest infrastructure projects — the Hudson Tunnel and the Second Avenue Subway — freezing nearly $18 billion in federal money.Vice President JD Vance pressed on the impact of funding cuts to New York City, defended Republicans’ approach to the shutdown. "We want to do everything that we can to help the American people. But when the Democrats […]

House Speaker Mike Johnson, R-La., said Senate Minority Leader Chuck Schumer, D-N.Y., created a problematic government shutdown for the American people — but the move may have handed President Donald Trump the "keys to the kingdom.""While a shutdown is very damaging for real American people who depend upon government services, it can provide an opportunity to downsize the scope and the scale of government, which is something that we've all […]

Car shoppers are facing affordability challenges in the market for new vehicles despite average down payments dipping to nearly the lowest level in four years, according to a new report.An analysis by Edmunds found that the average down payment for new car purchases fell to $6,020 in the third quarter of 2025. That's the lowest level since the fourth quarter of 2021 and is down from $6,433 in the second quarter […]

The White House confirmed to FOX Business that President Donald Trump has withdrawn his nomination of E.J. Antoni to lead the Bureau of Labor Statistics (BLS).CNN first reported the withdrawal of Antoni’s nomination, citing three sources. One source said Sens. Susan Collins, R-Maine, and Lisa Murkowski, R-Alaska, declined to meet with Antoni. That signaled possible concerns about his nomination.The BLS came under scrutiny after a weaker-than-expected July jobs report showed […]