Business

Claire's Stores Inc. is weighing a potential sale as the beleaguered teen jewelry store contends with relentless competition and the impact of President Donald Trump's tariffs, according to a report. The company, primarily owned by private equity firms Elliott Management and Monarch Alternative Capital, tapped Houlihan Lokey Inc to find potential buyers for some or all of Claire's locations, people familiar with the matter told Bloomberg. FOX Business reached out to Elliott, […]

Amazon founder Jeff Bezos and fiancée Lauren Sánchez tapped event planners Lanza & Baucina Limited for their wedding ceremony and reception.The planners are bound to be busy because the high-profile couple, engaged for roughly two years, are getting married in Venice, Italy, later in the week.Lanza & Baucina Limited is based in London. Prince Antonio Licata di Baucina, Count Riccardo Lanza and Count Aleramo Lanza created the company in 2000, according to […]

The U.S. dollar sank to its lowest level in three years on Thursday following a report that President Donald Trump is planning to pick his nominee to serve as the next chair of the Federal Reserve early.The Wall Street Journal's U.S. Dollar Index – which measures the dollar's strength relative to a basket of 16 foreign currencies – dipped to a low of 97.01 on Thursday morning before paring some of that […]

Salesforce CEO Marc Benioff revealed the software company uses artificial intelligence (AI) technology to perform a good deal of its work. He told Emily Chang, the host of Bloomberg’s "The Circuit with Emily Chang," that AI "is doing 30% to 50% of the work at Salesforce now." The company has been using AI to automate in areas such as engineering, coding and customer service tasks, according to Benioff.The CEO told the outlet he […]

Sam's Club is about a month into delivering "hot baked pizza" to members' doors. The retail giant, owned by Walmart, said it got into the pizza delivery business following member feedback."Since launching pizza delivery in late May, we’ve been encouraged by the strong response from members," a statement from a Sam's Club spokesperson to FOX Business said. "Early performance has exceeded expectations, with robust demand, high repeat order rates, and enthusiastic feedback […]

The U.S. housing regulator directed Fannie Mae and Freddie Mac to consider cryptocurrency as an asset for single-family mortgage loan risk assessments. Federal Housing Finance Agency (FHFA) Director William Pulte said in a social media post on Wednesday that he ordered government-sponsored enterprises, which play a critical role in the home financing industry, to "prepare their businesses to count cryptocurrency as an asset for a mortgage." Pulte said the move aligns with […]

Mortgage rates fell for the fourth consecutive week to the lowest level since early May, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.77% from last week's reading of 6.81%.The average rate on a 30-year loan was 6.86% a year ago.HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS […]

The Trump administration on Wednesday, for the first time, used a new authority to require U.S. financial institutions to cut ties with three Mexico-based banks for laundering money on behalf of cartels.The Treasury Department identified cartels that have "exploited Mexico-based financial institutions to move money," which Treasury Secretary Scott Bessent said enables the "vicious fentanyl supply chain that has poisoned countless Americans."TRUMP ADMIN SANCTIONS EL CHAPO'S CHILDREN, VIOLENT FENTANYL-TRAFFICKING CARTEL […]

Money could be coming the way of some AT&T users through a significant settlement that stemmed from lawsuits about a pair of data breaches the company experienced. The settlement that AT&T reached, worth $177 million, received preliminary approval from the U.S. District Court for the Northern District of Texas late last week.The preliminary approval order from the court said the company is setting up a $149 million pool of money for […]