Business

Major brokerages are increasingly targeting younger investors, opening the door for teenagers to begin building portfolios years before they traditionally would.ProCap Financial chief market strategist Phil Rosen joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the shift, framing it as part of a broader industry push to capture the next generation of clients amid changing demographics.Firms like Charles Schwab and Fidelity have long catered to older investors, […]

Meta is preparing to cut thousands of jobs as early as next month, with deeper layoffs expected later this year, according to a report.The tech giant intends to slash roughly 10% of its global workforce — or nearly 8,000 employees — in an initial round of cuts on May 20, sources told Reuters.The company is also planning additional layoffs in the second half of the year, though details including timing […]

The parent company behind well-known shopping channels QVC and HSN has filed for Chapter 11 bankruptcy.  QVC Group, which filed in the U.S. Bankruptcy Court for the Southern District of Texas, announced the filing in a press release Thursday, saying the company will undergo a restructuring support agreement (RSA) to reduce its debt from $6.6 billion to $1.3 billion.The goal of the RSA is to emerge from bankruptcy within 90 […]

More good news on President Trump winning the war and the growing likelihood that some kind of agreement will be made with Iran. It’s driving the stock market sky-high. My guess is improving the animal spirits of all Americans who know the cause to destroy Iran is just but were concerned how difficult it might be.I continue to call this the Trump miracle. I continue to believe it is providential. Ending […]

Netflix co-founder Reed Hastings will not seek re-election to the company's board.He is currently the chair of the streaming entertainment giant's board of directors."Reed Hastings has informed us that he will not stand for re-election to our Board when his current term expires at the Annual Meeting in June, in order to focus on his philanthropy and other pursuits," the company wrote in a recent Securities and Exchange Commission report.NETFLIX […]

Oil prices plummeted more than 10% on Friday after Iran's foreign minister said that the Strait of Hormuz will be open to all commercial shipping traffic for the duration of the ceasefire between Israel and Lebanon.Prices for West Texas Intermediate crude fell over 10% to under $85 a barrel, while Brent crude oil prices dropped more than 10% to around $89 a barrel.The plunge in oil prices comes after Iranian […]

Fans planning to use New Jersey's NJ Transit to travel from New York City to MetLife Stadium for FIFA World Cup games this summer will have to pay $150 for a round-trip ticket, officials confirmed on Friday.The fare would apply to fans taking NJ Transit's rail service from New York City's Penn Station to MetLife Stadium, with a stop at Secaucus station.News of the pricing was first reported by The […]

DoorDash is rolling out new advertising features to help restaurants find customers who are more likely to order from them, bring in new diners and expand their business more efficiently.In a news release shared by the company on Thursday, three new tools have been added to the online food ordering/delivery platform to help restaurants quickly gain regular customers. "Restaurant brands want to reach customers who will genuinely enjoy their food and […]

More than 50,000 pet laser toys are being recalled across the U.S. after officials warned they pose a "serious risk of injury or death" to children.The recall affects about 51,160 "Lil’ Buddies Pet Laser Toys" sold by Los Angeles-based JC Sales. The products fail to meet mandatory safety standards for items containing button cell and coin batteries, according to a Thursday notice from the United States Consumer Product Safety Commission […]