Business

A Chinese national seeking asylum in New York City allegedly attempted to scam an elderly Buffalo-area woman out of $360,000 of her inheritance and life's savings, using an internet fraud scheme while claiming to be a "Microsoft security" representative.Didi Zou, 39, was arrested in June for conspiracy to commit money laundering and wire fraud and faced a July detention hearing where U.S. Magistrate Judge Jeremiah McCarthy ordered him to remain […]

Icahn Enterprises on Tuesday announced that the company reached a deal to sell Pep Boys to Mavis, one of the largest independent tire and service providers in the country, in a $700 million deal.Pep Boys has nearly 800 locations around the country and offers auto services including tires, repairs, oil changes and maintenance.The deal will expand Mavis' presence in new and existing markets, particularly in the western U.S., where Pep […]

JPMorgan Chase CEO Jamie Dimon said in an interview on Monday that he wouldn't buy stocks or long-term Treasury bonds at their current prices as he thinks investors aren't accounting fully for risks that could cause turmoil in equity and debt markets.Dimon said in an interview with CNBC that he thinks geopolitical and fiscal risks are "probably bigger than other people think" amid the ongoing conflicts in Ukraine and the […]

Student loan defaults are up to a record high, with 9.5 million borrowers in default, meaning they are more than 270 days behind on loan payments, according to data from the Office of Federal Student Aid. The near-10 million borrowers in default represent a record-high and nearly double the number in default at the nadir of a pandemic-prompted moratorium on student loan payments enacted by former President Joe Biden. In March 2025, […]

Nvidia has held the position as the world's biggest company since about a year ago, when it became the first to reach $4 trillion in market value. It soared past former leaders Apple and Microsoft. But in recent days, Apple, which hasn't climbed as much as its peers during the artificial intelligence (AI) boom, has been making a comeback.And on July 17, Apple even slipped ahead of Nvidia to become […]

The U.S. Department of the Treasury has prevented nearly $99 million in federal payments from being disbursed to deceased individuals using a new verification system deployed under President Donald Trump's executive order targeting government fraud, waste and abuse.Following Executive Order 14249, "Protecting America's Bank Account Against Fraud, Waste, and Abuse," the Department of the Treasury and the Bureau of the Fiscal Service implemented a verification process that reviewed more than […]

The AAA national average price for regular gas is back above $4 again amid the U.S. war with the Islamic Republic of Iran.As of July 21, the AAA national average for regular fuel is $4.019, up from yesterday's average of $4.003, the week-ago average of $3.859 and the month-ago average of $3.938. The year-ago average was much lower at just $3.141.In a statement provided to Fox News Digital on Tuesday, […]

Mars Wrigley signaled it will lay off hundreds of workers as it relocates its headquarters from Newark, New Jersey, to an expanded facility in Chicago.The company on Friday submitted a WARN filing with the state of New Jersey that indicated it will eliminate 307 jobs at its Newark headquarters by mid-October, which will end the company's presence in the city.The candymaker, which is a division of Mars Incorporated, has a […]

Paramount Skydance’s planned takeover of Warner Bros. Discovery hit a snag on Monday when a judge granted a temporary restraining order on the merger. Paramount CEO David Ellison is seeking to acquire WBD in a $111 billion deal that was expected to close during the third quarter of this year, but California Attorney General Rob Bonta is leading a group of 12 state attorneys general who filed a lawsuit challenging the merger. The […]