Business

President Donald Trump is planning to host a White House event on Monday touting a policy in the One Big Beautiful Bill Act that would create investment accounts seeded with $1,000 for all newborn U.S. citizen children.The event is expected to be attended by the CEOs of several firms who plan to contribute to the accounts on behalf of their employees, including Dell, Uber and Goldman Sachs. The event was first […]

Officials from the U.S. and China were set to meet Monday to begin a two-day session to discuss bettering trade ties and further deescalate the trade war. Details of the meeting have not yet emerged, but it comes just four days after President Donald Trump and Chinese President Xi Jinping held a phone call for the first time since Trump re-entered office and then hit Beijing with a whopping 145% tariff. Though […]

The Federal Aviation Administration said it will continue to cap the number of flights in and out of Newark Liberty International Airport through the end of the year to ensure safety and limit travel disruptions. Starting Monday, arrivals and departures will be limited to 28 each per hour during airport construction on weekends between September through Dec. 31, 2025. During the rest of the time, arrivals and departures will not exceed […]

Warner Bros. Discovery announced Monday that it will split into two companies by separating its studios and streaming business from its cable TV networks.The parent company of HBO and CNN is splitting into two firms to help it better compete in streaming, as the move is expected to give WBD's streaming unit more room to scale up its content production without being weighed down by the declining cable networks within the company.Warner […]

Office of Management and Budget director Russ Vought defended the Trump administration's sweeping economic package on Sunday, pushing back on concerns it could balloon the national debt. Vought called it a "paramount fiscally responsible bill" and said the White House remains confident it will pass the Senate and reach President Trump's desk sometime in July, despite pushback from some Republican lawmakers and headlines over a major breakup between Elon Musk and […]

Treasury Secretary Scott Bessent has accused California's Gov. Gavin Newsom of threatening to commit tax evasion after he threatened to stop paying the "over $80 BILLION" in taxes the state pays to the federal government.Newsom's threat comes amid President Donald Trump's vow to impose large-scale fines on the state of California for allowing a biological male to compete in girls' sports and win multiple state titles."A Biological Male competed in […]

Disneyland Park is celebrating its 70th anniversary, and the company that started the magic is sharing details about its economic impact in the U.S.Disney parks coast-to-coast generate nearly $67 billion annually and support more than 400,000 direct and indirect jobs, according to a new report prepared by Tourism Economics, a division of Oxford Economics."Disney defines the themed entertainment business in America, and our presence is felt across the country," Josh […]

A town in South Florida not far from Palm Beach is drawing luxury homebuyers.Jupiter, situated in northeastern Palm Beach County and well-known for its golf courses, has become a popular place for wealthy individuals to buy homes in recent years, according to real estate experts. Seth Mansfield, an agent with Douglas Elliman and a Forte Luxe sales executive, told FOX Business that he is seeing a lot of wealthy people come […]

A set of dumbbells once sold at Costco is now under recall.Johnson Health Tech Trading and the Consumer Product Safety Commission (CPSC) issued the voluntary recall of the BowFlex 552 adjustable dumbbells on Thursday "due to reports that the weight plates can dislodge from the handle during use, posing an impact hazard."Along with the dumbbells – which were sold at Costco, Best Buy, Dick's Sporting Goods, and online through Amazon […]