Business

Democrats planned to introduce a bill Thursday requiring retailers to display product cost increases to customers caused by President Donald Trump's tariff policies. Rep. Jamie Raskin, D-Md., said he would introduce the Truth in Tariffs Act. "If the President and his Cabinet of billionaires are forcing Americans to pay a lot more for consumer goods, the people have a right to know just how much. His tariff charge is basically a national […]

OpenAI co-founder Sam Altman joined three other artificial intelligence (AI) and technology executives for a Senate Commerce Committee hearing on winning the global AI race and strengthening domestic capabilities in computing and innovation.Chairman Ted Cruz, R-Texas, asked Altman, along with AMD chief Lisa Su, CoreWeave’s Michael Intrator and Microsoft vice chair Brad Smith, whether the U.S. is ahead of China in the proverbial AI arms race, and if so, how […]

Swedish automaker Volvo Cars is recalling more than 450,000 cars in the U.S. and Canada due to a backup camera issue that raises the risk of a crash.The rearview camera image may not show up when the affected cars are placed in reverse, increasing the possibility of an accident, a Volvo Cars spokesperson told FOX Business.Volvo is recalling 413,151 vehicles in the U.S. and 40,673 in Canada. These include certain model […]

Cardinal Robert Prevost has become the Catholic Church’s new pope.His election was announced by the Vatican on Thursday afternoon, with the newly elected pope stepping out to address those gathered in St. Peter’s Square shortly thereafter.Prevost, the first American pope, will head up the Catholic Church as Leo XIV.CARDINAL ROBERT PREVOST ANNOUNCED AS FIRST AMERICAN POPE, TAKING NAME LEO XIVThe new pope, who is 69, hails from Chicago originally.He is […]

Uber CEO Dara Khosrowshahi addressed angered staffers about the company's move to increase return-to-office requirements next month. Starting in June, the rideshare company said, it will require employees to come into the office three days per week, up from two. Some employees who were previously approved for remote work are also required to come into the office. 2025'S TOP REMOTE WORK COMPANIES REVEALED WITH SOME PAYING OVER $100,000Additionally, employees must be working […]

Google on Wednesday announced that it will help support Elementl Power with an investment into the power producer’s development of three advanced nuclear sites. Google will "provide early-stage capital to help Elementl Power prepare three potential sites in the U.S. for advanced nuclear projects," it said in a blog post.The tech giant will get the "option for commercial off-take" from the three advanced nuclear projects after Elementl has constructed and begun […]

The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25% and is waiting to see how President Donald Trump's administration's tariffs will impact the economy.For now, Federal Reserve Chair Jerome Powell said that the central bank is in the right place to monitor the impact tariffs will have on the economy before making a decision on further interest rate cuts. For now, the mandate remains […]

A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft's $69 billion purchase of "Call of Duty" maker Activision Blizzard.The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC was not entitled to a preliminary injunction blocking the deal, which closed in 2023.A three-judge panel unanimously ruled that the lower judge had applied the correct […]

Treasury Secretary Scott Bessent on Wednesday offered insights into how the Trump administration plans to approach the regulation of the digital asset industry during a congressional hearing.Bessent testified before the House Financial Services Committee about the international financial system and said the administration wants the digital assets industry to come to the U.S. and play a global leadership role in the sector."We believe that the United States should be the premier destination […]