Business

The U.S. is the global leader in artificial intelligence, but a new report shows China is rapidly expanding its development."China is moving incredibly quickly and could absolutely catch up if the United States falls off its game," said Gregory Allen, senior advisor with the Wadhwani AI center at the Center for Strategic and International Studies.According to Stanford's AI index report, the U.S. had 40 notable AI models in 2024, China […]

President Donald Trump’s praise for actress Sydney Sweeney's new ad campaign on Sunday may have boosted American Eagle Outfitter’s (AEO) stock value. After Trump praised the "Euphoria" star and her viral AE good "genes" ad, the fashion company’s shares rose by 23.65 percent Monday, closing at $13.28 a share.The stock hit a two-month-high intraday as Trump’s praise for Sweeney’s ad made the media rounds. The rally helped curb year-to-date losses for […]

The Trump administration's Social Security commissioner on Monday hit back at criticisms of "mismanagement" leveled by Sen. Elizabeth Warren, D-Mass., against the agency's changes to its customer service practices.Frank Bisignano, commissioner of the Social Security Administration (SSA), responded to Warren's criticisms in a letter exclusively reviewed by FOX Business ahead of its release. He defended the administration's changes and wrote that the SSA is "experiencing a customer service turnaround after four years […]

On Monday, Tesla granted CEO Elon Musk a new $29 billion pay deal aimed at keeping the billionaire entrepreneur at the helm as the company pivots from its struggling electric vehicle business to robotaxis and humanoid robots.The company described the "interim award" of 96 million new shares as a "good faith" payment to honor the more than $50 billion pay package from 2018 that was struck down by a Delaware court […]

Young progressives believe that politicians like Alexandria Ocasio-Cortez and Zohran Mamdani are the future of the Democratic Party, but Barstool Sports founder Dave Portnoy is having none of it.The sports media mogul joined FOX Business on Monday where he pushed back against the mindset of two young Democrats who proclaimed on-camera that their party should "look towards socialism" and described Mamdani's growing recognition as "empowering" for young voters."It makes me […]

A major strike by Boeing’s defense unit employees threatens production of a number of U.S. fighter jets — including the new F-47 President Donald Trump announced in March. Some 3,200 defense unit employees went on strike Monday after contract negotiations fell apart, stalling work in the unit that assembles and maintains the Air Force’s F-15 fighter jet and the F/A-18 Hornet, flown by the Navy and the Marine Corps. The District 837 […]

Bank of America CEO Brian Moynihan said in an interview on Sunday that the president's firing of the Bureau of Labor Statistics commissioner following a weak jobs report was due to politics, though he said government employment data should be improved.Moynihan appeared on CBS News' "Face the Nation with Margaret Brennan" and was asked whether he's concerned about the president firing the Bureau of Labor Statistics (BLS) commissioner and whether he feels […]

President Donald Trump said Monday he was "substantially" increasing tariffs on India, accusing the country of essentially fueling the "Russian war machine.""India is not only buying massive amounts of Russian Oil, they are then, for much of the Oil purchased, selling it on the Open Market for big profits," Trump wrote on TRUTH Social. "They don’t care how many people in Ukraine are being killed by the Russian War Machine. […]

President Trump on Sunday accused the head of the Bureau of Labor Statistics (BLS) of inflating job numbers to an "all-time high" prior to the U.S. presidential election, just days after announcing her firing."Head of the Bureau of of[sic] Labor Statistics did the same thing just before the Presidential Election, when she lifted the numbers for jobs to an all time high," Trump said in a post to his Truth […]