Business

President Donald Trump insisted there was "no tension" between him and Federal Reserve Chairman Jerome Powell during their meeting Thursday at Federal Reserve headquarters despite a tense exchange on camera and questions — posed in Powell’s presence — about whether Trump planned to fire him.Trump has been on a public crusade against Powell in recent weeks. Trump has been angry with Powell for failing to lower interest rates, and the […]

Bryan Kohberger, sentenced on Wednesday for the killings of four University of Idaho students, was also ordered to pay hundreds of thousands of dollars worth of financial fines and penalties.During the sentencing hearing at the Ada County Courthouse in Boise, Idaho, Judge Steven Hippler sentenced Kohberger to four consecutive life terms without the possibility of parole for the murders of the Idaho students, as well as 10 years for burglary. […]

Treasury Secretary Scott Bessent said on Thursday that trade relations between the U.S. and China are stabilizing such that the Trump administration can turn some of its focus to broader economic issues with Beijing.Bessent was interviewed on FOX Business Network's "Kudlow" and said that while trade tensions with China ramped up significantly following the president's "Liberation Day" tariff announcement, they have since settled down to allow for a broader economic conversation […]

Nvidia CEO Jensen Huang said in an interview Wednesday that the Trump administration's artificial intelligence (AI) plan is poised to boost innovation and AI deployment in the U.S.Huang was interviewed on Fox News' "Special Report" and told host Bret Baier that, "We're at a transformational time, an inflection point in technology." "We are reinventing computing for the first time in 60 years," Huang said after President Donald Trump unveiled the White House's AI […]

President Donald Trump is going all in on artificial intelligence, with a top Meta executive voicing strong support for his bold strategy. Speaking at a tech summit in Washington, Trump outlined his vision for a future driven by American innovation and secured by global artificial intelligence leadership. "America is the country that started the AI race," said President Trump on Wednesday. "And as President of the United States, I'm here today […]

Home prices reached a record high in June, adding more pressure to an already strained market. The median price for a home sold in the month was $435,300, up 2% from a year ago, and the 24th month of year-over-year price increases, according to the National Association of Realtors. Meanwhile, sales of previously owned homes fell 2.7% on a monthly basis to a seasonally adjusted annual rate of 3.93 million.Realtor.com senior […]

Mortgage rates ticked lower this week, 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 6.74% from last week's reading of 6.75%.The average rate on a 30-year loan was 6.78% a year ago.HOUSING CRISIS DEEPENS AS 47 MAJOR METRO AREAS NOW REQUIRE HOMEBUYERS TO SPEND MORE THAN 30% OF INCOME"This week, the […]

Antonio Gracias, the founder of Valor Equity Partners who was previously involved with the Trump administration's DOGE effort, is no longer serving as a volunteer special government employee, firm partner and co-president Juan Sabater indicated to Fox News Digital."Antonio served as a volunteer Special Government Employee for a period of less than 130 days. His plan of record was always to conclude his work by July 4, 2025," Sabater stated […]

Skydance Media informed the Federal Communications Commission (FCC) it would eliminate diversity, equity, and inclusion (DEI) initiatives and install an ombudsman to crack down on perceived bias within CBS News once a long-planned merger with Paramount Global is approved. Skydance and Paramount, which is the parent company of CBS, have agreed to a multi-billion-dollar merger that would put the combined company under the control of current Skydance Media CEO David Ellison. […]