Business

Now that the Justice Department has dropped its Federal Reserve probe, Sen. Thom Tillis, R-N.C., said he is willing to vote to confirm Kevin Warsh to serve as the next chair of the Federal Reserve System board of governors."I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could […]

After months of campaigning for a first-of-its-kind retroactive wealth tax in California, the union-led effort is now taking its next step.The Service Employees International Union–United Healthcare Workers West (SEIU-UHW) said it has collected more than 1.55 million signatures, according to a press release, nearly double the 875,000-signature requirement — to put a one-time tax on billionaire assets on the California ballot.The California Billionaire Tax Act would target the net worth […]

Elon Musk's lawsuit claiming that OpenAI violated its mission as a nonprofit organization moves to trial on Monday as jury selection gets underway in a federal court in Oakland, California.Musk was a co-founder of OpenAI in 2015, but left the artificial intelligence (AI) startup in 2018 after he was unable to persuade its other leaders to have OpenAI merge with Tesla or create a for-profit entity led by him to […]

The United States is ramping up pressure on Iran by targeting the economic lifelines that help keep its oil flowing, with a particular focus on China’s role in facilitating those exports.Gatestone Institute senior fellow Gordon Chang joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss how Washington’s latest sanctions strategy is designed to disrupt the networks moving Iranian crude, including Chinese refineries and vessels tied to Tehran’s so-called […]

Handel’s Homemade Ice Cream is entering a new phase of growth under CEO Jennifer Schuler, who says the 80-year-old brand is focused on balancing expansion with long-standing tradition.Schuler, who was appointed to take the helm in March 2024, told FOX Business she is intentionally taking a measured approach as the Ohio-founded chain looks to grow. "I've heard people say, when you're joining a new brand or business, don't come in and […]

You have 60 days from your credit card statement date to dispute a charge. After that, the protection disappears.If you've ever spotted a charge you didn't recognize and done nothing about it, here's what you missed, and what to do next time.Not every complaint about a charge is the same thing. The Fair Credit Billing Act (FCBA) covers specific situations: unauthorized charges, charges for goods or services you didn't receive, […]

About 50,000 adjustable dumbbells sold at Walmart have been recalled after reports of injuries, federal safety officials said.The Consumer Product Safety Commission said the FitRx SmartBell Quick-Select 5–52.5 lb. Adjustable Dumbbells, made by New York-based Tzumi Electronics, should be immediately replaced.According to the agency, the weight plates can dislodge from the handle during use, posing an "impact hazard."COSTCO ISSUES URGENT RECALL ON POPULAR PRODUCT LINKED TO BURN INJURIESThe agency said […]

When Republicans go for tax cuts and economic growth, they win elections. When they ignore the growth message, and especially when they ignore the growth message and spend more and more taxpayer money, they lose elections. It’s a simple formula, and I am worried that they are about to make a big mistake.It’s not that our economy is collapsing, it is most certainly holding up very well during wartime. But […]

FIRST ON FOX: The White House is tapping the Business Roundtable to lead corporate engagement during the United States’ upcoming G20 host year, marking a shift away from the traditional Business 20 framework historically organized by the U.S. Chamber of Commerce.Administration officials say the decision is aimed at streamlining business participation and aligning it more closely with the Trump administration’s economic priorities, including deregulation, energy expansion and innovation-driven growth.In a […]