Business

President Donald Trump on Thursday signed an executive order that allows TikTok's U.S. operations to be moved away from the social media app's China-based owner ByteDance.The deal will see TikTok's U.S. operations separated from ByteDance to comply with a law that bans social media platforms subject to control by adversarial foreign governments like China.Trump said that he has "great respect for President Xi" and added that he "very much appreciated that he […]

Amazon has agreed to pay $2.5 billion to settle a lawsuit alleging it misled customers into paying for Prime subscriptions, the Federal Trade Commission (FTC) announced Thursday.The announcement came days into a trial between the tech giant and the FTC. Under the terms of the settlement, Amazon will be required to pay a $1 billion civil penalty, provide $1.5 billion in refunds to consumers, and cease any unlawful enrollment and […]

High-profile defense attorney Alan Jackson said he would choose to represent ABC and Nexstar Media Group over Jimmy Kimmel if the late-night host’s suspension ever turned into a courtroom battle.Jackson, who recently helped secure Karen Read’s acquittal in the death of her Boston police officer boyfriend, joined Billy Bush on "Hot Mics with Billy Bush," where he was asked who he’d prefer to represent following the controversy over "Jimmy Kimmel […]

Mortgage rates rose this week for the first time since mid-July, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.3% from last week's reading of 6.26%. The average rate on a 30-year loan was 6.08% a year ago.TREASURY'S BESSENT SAYS FIXING HOUSING AFFORDABILITY CRISIS WILL BE ONE OF HIS 'BIG PROJECTS' THIS FALL"Housing […]

Google's plan to remove Spanish-language network Univision from its core bundle of channels on YouTube TV at the end of this month is drawing pushback from a Republican attorney general in a politically significant state.Alphabet, the parent company of Google and YouTube, is planning to shift Univision from its basic package to a Spanish-language tier that will require customers to pay an extra $14.99 per month in addition to the $82.99 per […]

The U.S. has collected more than $200 billion in tariff revenues this year, underscoring the scale of President Donald Trump's trade duties as a significant source of government income.Tariff revenues hit $31.4 billion in August, the largest monthly total in 2025. September has already climbed to $29.7 billion and is on pace to set a new high.BESSENT DEFENDS TRUMP'S TARIFFS AGAINST CLAIMS THEY HARM US BUSINESSESTotal tariff revenue for 2025 […]

The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter.The Bureau of Economic Analysis (BEA) on Thursday released its third and final estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 3.8% in the April through June period. That figure was hotter than the 3.3% estimate of economists polled […]

New York City residents may soon face even higher costs in an already pricey housing market.The New York City Council will vote on a bill Thursday that would require a licensed master plumber, or someone working under one, to perform all residential building inspections and replacements of gas appliances such as stoves and clothes dryers, FOX Business' Lauren Simonetti reported Wednesday on "Varney & Co."BILLIONAIRE SAYS ERIC ADAMS SHOULD DROP […]

Controversy surrounded the 2023 Ryder Cup when Patrick Cantlay's wardrobe sparked conversation about paying players at the tournament.Cantlay opted not to wear a hat during play on Saturday, claiming it did not fit well on him. However, speculation arose that it was a protest because he was not being paid to play. Xander Schauffele also reportedly was not happy about essentially playing for free, and it reportedly got to the […]