Business

Several Wall Street banks are pitching President Donald Trump about handling the initial public offering (IPO) of Fannie Mae and Freddie Mac, sources told FOX Business Network's Maria Bartiromo.Bartiromo reported Friday morning on "Mornings with Maria" that, "Wall Street banks are cozying up to President Trump right now because they want the business of the Fannie and Freddie IPOs if that's where this is going.""My sources tell me there are a number […]

Warren Buffett is helping revive shares of beleaguered UnitedHealthcare Group after taking a $1.6 billion stake in the company, according to filings with the Securities and Exchange Commission.UnitedHealth shares are on pace for the best one-day percentage gain since 2008, as tracked by Dow Jones Market Data Group. Still, the stock is down more than 50% over the past 12 months. Investors, taking a cue from Buffett’s interest in healthcare, also […]

EXCLUSIVE: U.S. Customs and Border Protection has busted up a duty-evasion ring attempting to evade President Trump’s tariffs, FOX Business exclusively reports. The CBP uncovered over $400 million in unpaid trade duties through investigations permitted under the Enforce and Protect Act (EAPA), a tactic used to police and stop illegal transshipments and other methods aimed at defrauding the U.S. government. That figure is expected to rise as the investigation deepens. "CBP’s EAPA program […]

FIRST ON FOX: A House Republican wants to give President Donald Trump an easier pathway to firing Federal Reserve Chair Jerome Powell.Trump has previously threatened to fire Powell for not lowering interest rates and has gone so far as to draft a letter giving him the boot. Despite his frustration, the president has changed course and said he would allow Powell to finish his term that expires next May. Still, he's […]

The Boar’s Head meat packaging plant in Virginia that was tied to a deadly listeria outbreak is going to reopen this year. Boar’s Head told FOX Business that it's been working with the U.S. Department of Agriculture (USDA) to develop "a plan to re-open our Jarratt facility in a measured, deliberate way in the coming months." The company said it "has an unwavering commitment to food safety and quality," which the company […]

When President Donald Trump and Russian President Vladimir Putin meet today in Anchorage, it will be the most closely watched U.S.–Russia encounter in years. But this summit is not a sudden breakthrough. It is the end point of a summer-long series of deliberate moves—some public, some behind closed doors—that pushed both men from a wary distance into the same room.Back in February, neither side was preparing for a handshake. Russia […]

The Trump administration is in talks with Intel to inject federal capital into the company, according to people familiar with the discussions. The aim is to expedite U.S. semiconductor production and reinvigorate Intel’s long-delayed Ohio factory, Bloomberg reported."We look forward to continuing our work with the Trump administration to advance these shared priorities, but we are not going to comment on rumors or speculation," an Intel spokesperson told FOX Business.The […]

The Dragon Bravo Fire is now the largest wildfire burning in the United States and the biggest ever recorded in the Grand Canyon area, according to the National Interagency Fire Center.Since it sparked over Fourth of July weekend, the U.S. Forest Service said the fire has burned more than 143,000 acres, with containment hovering around 40%.It has destroyed more than 70 buildings and forced the indefinite closure of the North […]

Empower Brands is recalling about 56,300 Remington hair dryers due to a risk of electrocution or shock.The product lacks an immersion protection device and poses the risk of "death or serious injury from electrocution or shock if the hair dryers fall into water while plugged in," according to the recall announcement from the Consumer Product Safety Commission.The hair dryers with model number D3190DCDN were sold in purple with black accents […]