Business

Miami International Holdings, also known as financial markets exchange MIAX, raised over $345 million in its IPO Wall Street debut. Shares, which priced at $23, rose over 33% on the first day of trading and are listed on the New York Stock Exchange under the ticker MIAX.CEO Thomas Gallagher led his team in ringing the opening bell on the NYSE floor Thursday. JETBLUE ADDS NEW AND OLD FLORIDA ROUTESSOCIAL SECURITY UPDATES COST-OF-LIVING […]

Treasury Secretary Scott Bessent said on Thursday that one of his top priorities is addressing the U.S. housing affordability crisis. "We are really going to work on this housing affordability crisis. That's one of my big projects for the fall," Bessent told FOX Business' Maria Bartiromo during an interview on "Mornings with Maria."Bessent said that the White House is exploring how to monetize Fannie Mae and Freddie Mac, which could involve […]

Lowe's, the Lowe’s Foundation and Hiring our Heroes are launching a skilled trades academy focused on helping military members and spouses transition into trades careers.The program, which creates a bridge from active duty to civilian careers, aims to solve two national issues: the shortage of trades professionals in the country and the high unemployment rate among veterans and their spouses, according to Elizabeth O’Brien, senior vice president of events and […]

Wholesale inflation increased much more than expected in July, raising concerns about a resurgence of inflationary pressures in the economy. The Bureau of Labor Statistics on Thursday released the producer price index (PPI) for the month of July, which showed an increase of 0.9% from the prior month and 3.3% from a year ago. Those PPI figures were much hotter than the forecast of prices rising 0.2% on a monthly basis and 2.5% […]

Treasury Secretary Scott Bessent on Thursday outlined the qualities he is seeking as he vets candidates from President Donald Trump's shortlist to lead the nation's central bank."I want to see people who are forward-looking, not backward-looking on regulation," Bessent said in an interview on FOX Business’ "Mornings with Maria," adding that "since the great financial crisis, we've been in a regulatory straitjacket for the banking system."TRUMP SAYS FED CHAIR SEARCH […]

Treasury Secretary Scott Bessent says he isn't in the business of giving the Fed marching orders, but his view that a neutral interest rate would be 150 basis points below the current level has fueled speculation over how soon and how far rates could be cut."I didn't tell the Fed what to do. What I said was that to get to a neutral rate on interest, that would be an […]

Amazon announced Wednesday it is expanding its same-day delivery service to include thousands of perishable food items, marking the retail giant's latest move to compete with delivery options available through Walmart+ and Instacart.Shoppers in more than 1,000 cities and towns across the U.S. can now include fresh groceries — like dairy, produce, seafood, frozen foods, baked goods and meat — in their same-day delivery orders, according to a news release […]

Geoffrey Hinton, one of the most prominent figures in the world of artificial intelligence, is sounding the alarm that machines could soon outthink humans, and he's advocating for "maternal instincts" to be built into advanced systems to ensure AI cares for and protects people.Hinton believes artificial general intelligence, a type of AI that can meet or exceed human capabilities, could be as little as just a few years away, much […]

As New York City Democratic mayoral candidate Zohran Mamdani promotes the idea of city-run grocery stores, one city-owned market in Missouri closed its doors on Tuesday after years of struggling and millions of taxpayer dollars.Local news outlets reported the doors to the Kansas City Sun Fresh market were locked that morning with a note saying the store was "unable to serve" the community."Unfortunately, due to unforeseen circumstances beyond our control, […]