Business

On Wednesday morning, the world’s epicenter of capitalism woke up to find it might soon have a socialist mayor.Democratic socialist Zohran Mamdani’s stunning win over former Gov. Andrew Cuomo in the New York City Democratic primary for mayor shocked Wall Street. Some of the world’s most influential and powerful financiers were left grasping to understand what Mamdani’s victory would mean for their industry—and whether they would leave the city."It’s officially […]

FIRST ON FOX: House Oversight Committee Chair James Comer, R-Ky., is investigating whether federal actors played any role in "debanking" conservatives, widening his probe into alleged political discrimination by financial institutions."The Committee on Oversight and Government Reform is investigating the improper debanking of individuals and entities based on political viewpoints or involvement in certain industries such as cryptocurrency and blockchain," Comer wrote to the U.S. Office of the Comptroller of […]

Charlotte City Council in North Carolina voted Monday to remove Tesla from its list of approved vehicle manufacturers for municipal use, with one supportive member citing alleged "safety issues."Councilwoman LaWana Mayfield, who led the effort, has favored such a move for weeks, according to WCNC.The 11-member board with nine Democrats voted 6-3 in favor of removing the Elon Musk-owned company from the list of more than a dozen approved vendors […]

New York Assemblyman Zohran Mamdani's victory in the Democratic Party's primary for the New York City mayoral nomination has put his economic policies in the forefront as he aims to run the nation's most populated city.Mamdani, 33, is a Democratic member of the state assembly representing Queens who is also a member of the Democratic Socialists of America as well as the Working Families Party.Mamdani's platform focused on a number […]

Congressional lawmakers on Wednesday questioned the balance between speed and safety when discussing artificial intelligence (AI) regulations and the need for the U.S. to dominate China in the race to develop the emerging technology.Bipartisan lawmakers of the House Select Committee on the Chinese Communist Party were adamant that the U.S. must lead the AI revolution, and not an authoritarian power like China, during the hearing on Capitol Hill."China is making […]

Boeing and the Federal Aviation Administration (FAA) caused "multiple system failures" that led to an Alaska Airlines door blowing off mid-flight in January 2024, the National Transportation Safety Board (NTSB) said during a meeting on Tuesday.The incident with the Boeing 737 Max 9 occurred on Flight 1282 shortly after takeoff from Portland, Oregon, and was caused by door plug bolts that were removed during repairs and never reinstalled. The missing […]

Microsoft is planning another round of cuts at Xbox as part of the tech giant's ongoing reorganization.Xbox managers are expecting substantial job cuts across the entire group as soon as next week, people familiar with the matter told Bloomberg. This marks the fourth time Microsoft downsized its gaming division in the past 18 months, the outlet reported. Several video game studios at the company's Xbox division were shuttered in 2024, […]

President Donald Trump tore into Spain over its refusal to adhere to the North Atlantic Treaty Organization’s (NATO) new 5% defense spending target during a press conference Wednesday. "They’re the only country that won’t pay up, they want to stay at 2%," said Trump. "I think it’s terrible. And you know, they’re doing very well, the economy." Trump said that as a result of Spain’s refusal, the U.S. was negotiating a […]

Ford Motor Company is recalling more than 130,000 Lincoln Aviator SUVs in the U.S. due to a possible risk of parts detaching while driving, the U.S. National Highway Traffic Safety Administration said on Tuesday.FORD USES ITS DEALERSHIP EMPIRE TO REVAMP HOW CORPORATE AMERICA HELPS CHARITIESThe recall, which affects 132,914 Lincoln Aviator models between the years of 2020 and 2025, is due to possible insufficient adhesive bonding of the C-pillar trim […]