Business

Senate Banking Committee Chairman Tim Scott, R-S.C., outlined why banking regulators are the root of the issue when it comes to shutting down American bank accounts, also known as de-banking, because regulators "just don't like them."Banking regulators operate under an "alphabet soup" of federal agencies, and sources on Wall Street told Fox News Digital that when a regulator speaks, whether couched as a rule, guidance, or even a simple conversation, banks have […]

McDonald's is shaking things up later this summer with new drink options, including cold brews and refreshers, hitting menus at more than 500 of its U.S. restaurants.The upcoming lineup — which is part of a market test — takes inspiration from the chain's spinoff restaurant CosMc's, which primarily focused on specialty drinks. The fast-food giant announced in May it was closing all the CosMc's locations while signaling some of the […]

Nicole Kidman and Keith Urban are among the many Hollywood stars flocking to Portugal.According to the local Portuguese media outlet SIC Notícias, the Academy Award-winning actress has applied for residency in the country, with plans to spend much more time there. She was also reportedly spotted stepping off a private jet in the wealthy town of Cascais, and she is said to be house-hunting.The local outlet reports the couple is […]

General Motors Corvette line has been crowned the fastest car by an American manufacturer on Germany's world-famous Nürburgring racetrack. Notably, the Chevrolet Corvette Z06, ZR1, and ZR1X achieved record lap times on the 12.9-mile Nordschleife circuit with three non-professional drivers behind the wheel. While they aren't professional race car drivers by trade, these engineers helped develop the vehicles themselves and hold extensive driving experience along with advanced performance credentials.Engineer Drew Cattell now […]

Federal Reserve Governors Michelle Bowman and Christopher Waller on Friday released statements outlining why they supported an interest rate cut at this week's meeting. It marked the first time in more than 30 years that two Fed governors dissented from a decision about rates. The last time was in 1993.Bowman and Waller on Wednesday dissented from the Federal Open Market Committee's (FOMC) 9-2 vote to hold the Fed's benchmark federal […]

A ferry boat at Walt Disney World crashed into a dock during rough weather, officials said.Fire and rescue officials in Orange County, Florida, told FOX 35 that its crew had helped respond to a boat crash at Disney's Transportation & Ticket Center on Wednesday night.Photos shared with the outlet show multiple people being treated by paramedics, with several of them being loaded onto stretchers for additional treatment.While it's unclear what […]

The Jaguar CEO is stepping down months after leading a controversial "woke" rebrand campaign for the auto company.Jaguar Land Rover CEO Adrian Mardell is set to retire after three decades at the luxury car company and serving as CEO for three years, a spokesperson for the automaker announced on Thursday, Reuters reported.The British car brand turned heads last year with its release of a new ad, which featured a reimagined logo under the […]

Delta Airlines on Thursday said it has not used artificial intelligence to set prices for flights following criticism from congressional lawmakers. In a letter to Democratic Senators Ruben Gallego, Mark Warner and Richard Blumenthal, the Atlanta-based carrier said its ticket prices "are dictated by market dynamics and vigorous competition.""There is no fare product Delta has ever used, is testing or plans to use that targets customers with individualized prices based on […]

President Donald Trump on Friday lashed out at the Bureau of Labor Statistics (BLS) and said he will fire its labor statistics chief after the U.S. economy added fewer jobs than expected in July and large downward revisions were made in the prior two months, which suggests the economy and labor market are weaker than previously believed.The BLS reported on Friday that 74,000 jobs were added in July, well below […]