Business

Verizon Communications on Friday said that it is ending its diversity, equity and inclusion (DEI) programs amid a probe by the Trump administration into those practices, as the telecom giant seeks federal approval for an acquisition.Federal Communications Commission (FCC) Chair Brendan Carr criticized Verizon in February for its promotion of DEI programs, saying it could factor into the review of Verizon's planned acquisition of Frontier Communications for $20 billion, including […]

FBI Director Kash Patel previewed his plans to relocate about 1,500 agents out of the law enforcement agency's headquarters in Washington, D.C.In an excerpt of an exclusive interview with "Sunday Morning Futures" that will air this Sunday, Patel said the agency is reallocating its workforce around the country by moving those agents out of the J. Edgar Hoover Building, which opened in 1975."This FBI is leaving the Hoover building because […]

Coinbase Global's shares fell more than 7% on Thursday after the crypto exchange said a cyberattack that breached customer account data could cost the company up to $400 million.The stolen account data – which affected a "small subset of customers" – included names, addresses, phone numbers, emails and government ID images. Passwords and private keys were not compromised, the company said in a regulatory filing on Thursday.COINBASE INVESTS $25M IN […]

President Donald Trump facilitated over $200 billion in commercial deals between the U.S. and the United Arab Emirates (UAE) during his historic visit to the Middle Eastern country, according to the White House.Several deals were made, including securing a $14.5 billion commitment from Etihad Airways to invest in 28 American-manufactured aircraft from Boeing and GE Aerospace.Emirates Global Aluminum is also investing $4 billion to develop a primary aluminum smelter project in […]

Some high schools have started offering shop classes again, so students can gain in-demand trade skills for well-paying careers. One of those is Father Judge High School, a Catholic high school in Philadelphia, FOX Business correspondent Jeff Flock reported Thursday. The school has a welding program for students. Its welding lab contains 32 bays where students can learn skills of the trade, according to Flock.Steamfitters Local 420, SeaBox, Holtec International, L3 Harris, […]

JPMorgan Chase CEO Jamie Dimon on Thursday warned that a potential recession could still occur as turmoil from the Trump administration's tariffs weighs on the economy.Dimon attended the firm's annual Global Markets Conference and said in a Bloomberg Television interview that he's hopeful the economy will dodge a recession, but that it remains a possible outcome."Hopefully we'll avoid it, but I wouldn't take it off the table at this point," Dimon said. […]

Ford is recalling 273,800 Expedition and Lincoln Navigator SUVs in response to a potential issue that could make their brakes defective.The recalled Ford Expedition and Lincoln Navigator vehicles are from model years 2022-2024, according to a recall report the automaker submitted to the National Highway Traffic Administration (NHTSA).In the recalled SUVs, the front brake lines "may be in contact with the engine air cleaner outlet pipe," something that could cause the […]

The state of California approved State Farm's request for a double-digit increase in home insurance premiums to help the insurer deal with financial challenges following the wildfires that devastated communities near Los Angeles in January.California Insurance Commissioner Ricardo Lara on Tuesday adopted a proposed court order that will allow State Farm to move ahead with a 17% interim homeowners insurance rate increase in the state. That's less than the insurer's initial […]

The Federal Aviation Administration (FAA) is investigating how pilots flying into Denver International Airport temporarily lost contact with air traffic controllers on Monday. The FAA told FOX Business that part of the Denver Air Route Traffic Control Center (ARTCC) experienced a loss of communications for approximately 90 seconds around 1:50 p.m. local time on Monday after both transmitters that cover a segment of airspace went down.Sources told Denver7 that as many […]