Business

The Trump administration is reportedly feeling good after a better-than-expected April jobs report, as Labor Secretary Lori Chavez-DeRemer claims this marks the beginning of a new golden age."With President Trump at the helm, I'm telling you, he mentioned to the American people over and over again that the golden age was coming. I will tell you, the golden age is here," the secretary said Friday on "Varney & Co.""This is […]

Jeff Bezos will offload up to 25 million Amazon shares, according to a new Securities and Exchange Commission (SEC) filing.Amazon said Friday in its quarterly report filed with the SEC that its billionaire founder adopted a trading plan "intended to satisfy Rule 10b5-1(c)" early last month to part ways with up to that many shares. The 25 million Amazon shares had a value of over $4.7 billion as of Friday morning. The […]

President Donald Trump's administration on Friday is set to release its "skinny" budget blueprint that outlines topline spending figures from the White House, which is expected to reflect a bigger request for the defense budget.Senior officials at the Office of Management and Budget (OMB) exclusively told FOX Business that the overall discretionary budget will be $1.7 trillion. The discretionary budget excludes spending on Medicare and Medicaid, as well as Social […]

President Donald Trump on Friday once again called on the Federal Reserve to lower interest rates.Trump cited lower gasoline and grocery prices and strong employment numbers. His comments came after the Labor Department released April jobs data that showed the U.S. economy added a better-than-expected 177,000 jobs in the month."Gasoline just broke $1.98 a Gallon, lowest in years, groceries (and eggs!) down, energy down, mortgage rates down, employment strong, and […]

The U.S. economy added jobs in April at a slower pace than a month ago amid uncertainty over economic conditions as well as tax and trade policy.The U.S. Department of Labor on Friday reported that employers added 177,000 jobs in April. That figure was above the estimate of economists polled by LSEG, though it was cooler than the 185,000 added in March — which was initially announced as a gain of […]

Apple on Thursday reported results that narrowly beat Wall Street expectations as consumers stocked up on iPhones amid fears of potential import taxes on its signature device from President Donald Trump.The Cupertino, California-based company said its sales and profit for the fiscal second quarter ended March 29 were $95.36 billion and $1.65 per share, respectively, compared with analyst estimates of $94.68 billion and $1.63 per share, according to LSEG data. […]

After a record-breaking rookie season, Caitlin Clark is bringing even more fans to her ball games.Last season, the Indiana Fever had 90 times more tickets sold on StubHub than they did in 2023, and this year, it appears to be more of the same.Clark's Fever currently have the 10 most in-demand games on the ticket site. Three of those games (the second, third and seventh-most in-demand) are against Angel Reese […]

Mercedes-Benz’s manufacturing plant in Tuscaloosa, Alabama, will build a new vehicle for the luxury automaker. The Germany-based company announced the news on Thursday, saying the "localization" of the new "core segment" vehicle will occur by 2027.The new vehicle will add to the numerous models that the Tuscaloosa plant already produces, such as the Mercedes-Benz, GLE, GLS, GLE Coupe, EQS SUV, and EQE SUV and the Mercedes-Maybach GLS and EQS SUV. "We are getting […]

Billionaire Elon Musk said Wednesday that the Department of Government Efficiency (DOGE) should look into the Federal Reserve's expenditures on its headquarters renovation.Musk, who has been the DOGE figurehead since its inception and said last week he will step back from the role to focus more on his CEO duties at Tesla, told reporters at the White House on Wednesday that DOGE should look at the Fed's spending."Since at the end of […]