Business

Swiss watchmaker Swatch apologized and pulled an advertisement on Saturday that Chinese audiences called offensive.In both an Instagram post and a post on Weibo, the Chinese social media site, the watch company announced it had removed an ad featuring an Asian model making an allegedly racist gesture and apologized to consumers it had offended."We have taken note of the recent concerns regarding the portrayal of a model in images for […]

Treasury Secretary Scott Bessent said Tuesday that the Trump administration will begin its interview process for prospective nominees to serve as chair of the Federal Reserve after Labor Day.Bessent was interviewed on CNBC's "Squawk Box" and said that there are currently 11 candidates under consideration for the role, including a group of contenders who currently or previously worked at the Fed. "In terms of the interview process, we've announced 11 very strong candidates," […]

Hally Leadbetter is taking advantage of the rapid growth of golf.The daughter of the famous swing coach David Leadbetter, Hally knew that her passion for the sport didn't quite match her father's route into it."My parents were very much like, ‘Listen, you pursue what makes you happy and what you’re passionate about.’ And I think for a long time, because my dad's in golf, he set an example for me […]

Treasury Secretary Scott Bessent said Tuesday that the Trump administration is weighing plans to apply part of the tariff revenue toward lowering the national debt."I think at a point we're going to be able to do it," Bessent said during an interview with CNBC, adding that he and President Donald Trump were "laser-focused on paying down the debt."TRUMP CALLS TARIFF WINDFALL 'SO BEAUTIFUL TO SEE' AS CASH SAILS IN"I think […]

FIRST ON FOX: A child safety organization asked the Federal Trade Commission on Tuesday to investigate Apple, alleging the tech giant has engaged in deceptive practices through its App Store that put children at risk.The Digital Childhood Institute, a nonprofit working with a coalition of several advocacy groups, argued Apple knowingly marketed certain apps as safe for minors when they are not, failed to enforce necessary parental controls and enabled […]

FIRST ON FOX: The Department of Homeland Security (DHS) is expanding its crackdown on Chinese imports suspected of using forced labor in their supply chains.Products like steel, copper, lithium, caustic soda and red dates coming from China are now designated "high priority" for inspection and will come under the microscope by Customs and Border Protection (CBP) in line with the Uyghur Forced Labor Protection Act (UFLPA). Caustic soda, or sodium hydroxide, […]

The White House may be ready to take a 10% stake in Intel, fueling ongoing speculation an investment is being hammered out, according to Bloomberg. The move would shore up national security and advance more chipmaking in the U.S. vs. Asia and other nations. Intel's stock slipped on Monday but has gained 18% this year, with some of the advance being fueled by reports of a government investment first reported last week. […]

The hottest toy of 2025 isn’t just for kidsLabubus, the quirky monster plush dolls made by Pop Mart, have exploded into a global phenomenon, doubling as collectibles and fashion accessories for adults.These mischievous dolls – part creature, part couture – are now status symbols for the "kidult" generation."People use them as fashion accessories, as collectibles, and they trade them with their friends," Samantha Connell, associate editor at The Toy Insider, […]

The Trump administration on Friday announced that it will review state laws that have a negative impact on the broader U.S. economy and interstate commerce to address those impacts.On Friday, the Justice Department and National Economic Council (NEC) said the effort will focus on identifying state laws that "significantly and adversely affect the national economic or interstate economic activity and to solicit solutions to address such effects."As an example, the DOJ and […]