Business

Fannie Mae and Freddie Mac are making a major change to how Americans may qualify for a mortgage.The government-backed mortgage giants said Wednesday they will begin allowing loans evaluated using VantageScore 4.0, a newer credit scoring model that can incorporate data such as rent and utility payment history.The change will initially roll out on a limited basis, beginning with a group of approved lenders, as part of a broader credit […]

FIRST ON FOX: The U.S. Small Business Association referred 562,000 suspected fraudulent loans totaling over $22.2 billion to the U.S. Department of Treasury for collections. "From Day One, the Trump SBA has worked tirelessly to crack down on billions in pandemic-era fraud that the Biden Administration forgave or ignored," SBA Administrator Kelly Loeffler told Fox News Digital in a statement. "After extensive review, and with the strong support of the White House […]

As more Americans take a hands-on approach to their finances, many are weighing whether to invest in exchange-traded funds (ETFs) or mutual funds.Both offer a simple way to build a diversified portfolio of stocks or bonds, and at their core, the two investment vehicles are very similar. But key differences – including how they trade and how they are taxed – can shape long-term returns, experts say."When investors compare ETFs […]

U.S. Attorney for the District of Columbia Jeanine Pirro announced Friday she directed her office to close its investigation into the Federal Reserve over a building project, a move that could lead a key Senate holdout to now vote to advance President Donald Trump's nominee for Fed chair.Pirro said the Fed's inspector general, Michael Horowitz, would take over the investigation, moving it from the hands of federal prosecutors into those […]

As the world enters what experts call the "Fourth Industrial Revolution," American business leaders are placing a massive bet on the future of the republic.FOX Business’ "Mornings with Maria" went inside the high-stakes world of artificial intelligence, revealing how titans of banking, defense and tech are investing hundreds of billions of dollars to build out AI infrastructure and data centers that will redefine the U.S. economy.Meta Platforms President and Vice […]

The future of American defense is undergoing a high-tech revolution as the Pentagon has awarded a multimillion-dollar contract to test heavy-duty humanoid robots.Foundation Future Industries recently secured the $24 million contract for its "Phantom" robots, designed to breach enemy sites and spare American lives. CEO Sankaet Pathak and chief strategy advisor Eric Trump argue the technology will help maintain America’s edge on the battlefield."We are America First. We have to […]

The White House Office of Science and Technology Policy accused China of "industrial-scale" AI technology theft in a scathing memorandum Thursday, just weeks before President Donald Trump is set to meet with Chinese President Xi Jinping in Beijing, China."The U.S. has evidence that foreign entities, primarily in China, are running industrial-scale distillation campaigns to steal American AI. We will be taking action to protect American innovation," OSTP Director Michael Kratsios wrote […]

Sen. Ted Cruz, R-Texas, came out full throttle against the Trump administration's proposed plan to bail out Spirit Airlines on Wednesday.Cruz responded to reports the administration's plan would see the U.S. government own up to 90% of the airline. President Donald Trump first floated the idea of buying out the airline on Tuesday."This is an absolutely TERRIBLE idea," Cruz wrote in a statement on X."The TARP corporate bailouts were a […]

American Airlines CEO Robert Isom rejected the idea of a United Airlines merger, telling investors on Thursday's first-quarter earnings call that it would be bad for all parties."The idea of the two largest airlines in the world getting together, that is something that we've viewed as being anti-competitive and obviously everybody that has weighed in suggests the same thing," Isom said."Bad for customers, bad for the industry and ultimately, that would […]