Business

According to the Congressional Budget Office (CBO), President Donald Trump's "big, beautiful bill" would cut taxes by $3.7 trillion while raising deficits by $2.4 trillion over a decade.The CBO makes projections based on information provided by Congress when considering legislation that includes spending and taxes. But is it always right?Not according to Larry Kudlow. During his show on Thursday, Kudlow outlined how the Congressional Budget Office missed projections related to […]

The former mayor of Palmer Lake, Colorado, called people who were against land annexation for a Buc-ee’s store and other measures "terrorists" and "losers," according to local media reports and text messages included in a lawsuit.Glant Havenar, who resigned from serving as the town’s mayor mid-week, used the insults when talking about people opposed to the project in text exchanges with a friend, 9News reported Thursday, citing court documents.Integrity Matters and […]

Billionaire entrepreneur Elon Musk's public falling out with President Donald Trump put a spotlight on the government funding that Musk's companies have received over the years.The spat began with Musk's vocal criticism of the Republican tax package making its way through Congress over its deficit impact – projected to reach $2.4 trillion over a decade – which Musk's Department of Government Efficiency (DOGE) has sought to shrink by other means.As the […]

Executives from Jack Daniel's parent company, Brown-Forman Corp., warned that the business is seeing pressure from cannabis, weight-loss drugs and lackluster demand from Generation Z. Brown-Forman CEO Lawson Whiting told analysts on an earnings call that the "same big three" is the reason that there has been lower demand for liquor. "We've been saying that for 1.5 years now. And I know on the sell-side that the world seems to be a […]

Jimmy Buffett’s widow and the co-trustee of the late singer-songwriter’s estate are at odds with each other over the $275 million trust. Jane Buffett is seeking to get Richard Mozenter’s position as co-trustee of the "Margaritaville" singer’s estate stripped in a recently-filed lawsuit. Mozenter has also taken legal action, petitioning this week to get Jane’s status as co-trustee and personal representative of the estate revoked. Their lawsuits were filed in California and Florida, […]

The public rift between President Donald Trump and billionaire Elon Musk has escalated, with Musk repeatedly blasting the Trump-backed spending bill on X, calling it bloated, irresponsible and dangerous to the nation’s finances.Now, O’Leary Ventures chairman and "Shark Tank" personality, Kevin O’Leary, is weighing in, offering insight into what may have sparked Musk’s strong opposition. According to O’Leary, it was a chart shared by Sen. Ron Johnson, R-Wis., that jolted […]

Walmart is expanding its drone delivery service to three more states as it competes with Amazon to be the fastest delivery service. In partnership with Google's Wing, Walmart is expanding the service to launch at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa, building on the existing operations in Northwest Arkansas and Texas. The retailer said that it's the first to scale this service across five states – Arkansas, Florida, […]

Responding to a federal probe into the national security impact of imported commercial planes, jet engines, and parts, Delta Air Lines urged the government not to impose new tariffs.A Delta spokesperson provided Fox News Digital with a document from a law firm that was responding on behalf of the airline to the government's public comment request on the probe.The message warned that "without providing time to adjust, any potential tariffs […]

President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to lower interest rates by a full percentage point."'Too Late' at the Fed is a disaster!" Trump wrote in a post on Truth Social. "Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!"Trump's post came after the release of the Labor Department's May […]