Business

Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump's "one big, beautiful bill" may add to the $36 trillion national debt.Bessent appeared before the House Ways & Means Committee on Wednesday, a hearing that Democrats used to sharpen their attacks against Republicans' massive Trump agenda bill.At one point, Rep. Terri Sewell, D-Ala., asked Bessent whether the bill would add to the U.S. debt."It remains to […]

"Shark Tank" investor Kevin O'Leary described Los Angeles as a "war zone" with "horrific" consequences for small businesses while weighing in on the anti-ICE riots plaguing the deep blue city on Wednesday."If you're a small business… and you see these images of windows being smashed, cars burnt, baseball bats on someone's property, this is not good management of a state, obviously," he said on "Varney & Co."The O'Leary Ventures chairman […]

Inflation increased slightly in May and remained above the Federal Reserve's target rate ahead of the central bank's next meeting this month.The Bureau of Labor Statistics on Wednesday said that the consumer price index (CPI) — a broad measure of how much everyday goods like gasoline, groceries and rent cost — rose 0.1% in May compared with last month, while it was up 2.4% on an annual basis.Those figures were […]

FC Internazionale Milano, known globally as Inter or Inter Milan, and Fanatics have announced a new partnership that taps into the digital sports leader’s resources of e-commerce, retail, manufacturing and licensing for the famous soccer club.Inter is one of Italy’s most storied franchises, as well as an innovative brand, as shown by this partnership with Fanatics. The long-term partnership will leverage Fanatics’ vertical commerce model, local expertise and expansive global infrastructure […]

The U.S. and China have reached a "framework" to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. President Donald Trump then posted on Truth Social on Wednesday that "our deal with China is done, subject to final approval with President Xi and me."The development comes after two days of meetings between negotiators in London and a phone call last week between […]

Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs. The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a company-wide memo viewed by FOX Business.Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins said in the message that Paramount was "taking the hard, but necessary steps to further streamline our organization this week."    The effort to streamline Paramount’s organization will lead to […]

Donald Trump chose criminal deportation, law and order, and tough-on-crime. California Democrats chose lawsuits and states' rights. Who do you think won this latest round? I'd say Trump 10-Democrats 0.It's just hard to believe that removing illegal alien criminals who have committed sexual assault and murders would be attacked by one of our two major political parties. But that's the state of play among Democrats. Shame on California Governor Gavin […]

Meta CEO Mark Zuckerberg is reportedly building a team of experts to develop artificial general intelligence (AGI) that can meet or exceed human capabilities.Bloomberg News reported Zuckerberg is looking to build a superintelligence team and is recruiting from a group of artificial intelligence (AI) researchers and engineers who he has been holding a series of meetings with.Zuckerberg believes that Meta is positioned to outpace other tech companies in the race for […]

New York is poised to play a central role in the development of artificial intelligence (AI), OpenAI executives told key business and civic leaders on Tuesday.OpenAI CEO Sam Altman spoke at a private event hosted by the Partnership for New York City and the AI firm revealed a report showing that New York is well-positioned to play a central role in AI development, unlike during other stages of the digital economy, a […]