Business

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 […]

Tech giant Apple is on day two of five of its annual Worldwide Developers Conference (WWDC), where announcements are being made about what is ahead for its devices.One of the major announcements made on Monday was that iOS users will be able to create digital identifications with their passports, which can then be used at the Transportation Security Administration (TSA) checkpoints for domestic travel.The digital ID feature will be available […]

Artificial intelligence is helping Chipotle rapidly grow its footprint, according to CEO Scott Boatwright. On Monday, Boatwright told Fortune at the outlet’s COO summit that the company "will open a new Chipotle restaurant this year almost every 24 hours" amid the chain growing at an "exponential rate." "And if you think about the growth that’s ahead of us and the need for highly capable, purpose-driven, value-oriented individuals is more critical today than it […]

Rioters in downtown Los Angeles looted a prominent Apple store amid protests against ICE raids in the city.Images from the scene show rioters in hoodies and masks ransacking the store Monday night. Dozens of people can be seen throughout the property before at least one individual began breaking a window in order to escape from the side of the building.Protests have erupted in Los Angeles for the better part of […]

The Department of Government Efficiency announced in a Monday post on X that agencies had recently nixed "111 wasteful contracts," resulting in millions of dollars in savings."Great work by agencies over the last three days terminating 111 wasteful contracts with a ceiling value of $790M and savings of $263M," the post on X noted, before going on to give a couple of examples.The post indicates the canceled contracts included $21,000 […]