Business

JPMorgan trimmed its forecast for the probability of the U.S. economy entering a recession this year after President Donald Trump reached a deal to temporarily lower the tariffs he imposed on imported goods from China.The president announced Monday that a deal has been reached to lower the "reciprocal" tariffs he imposed to lower the overall tariff rate on Chinese goods from 145% to 30% for 90 days while negotiators work to […]

Rideshare giant Uber is jumping into the booming restaurant reservation game.The rideshare giant partnered with OpenTable to launch a new feature called Dine Out, which integrates Uber’s ride-hailing services with OpenTable’s extensive restaurant reservations to streamline the process of finding, booking and traveling to restaurants.Uber's Dine Out feature will launch for users across the U.S., Canada, the U.K., Mexico, Australia and Ireland, allowing them to find and secure restaurant reservations […]

Disney recently introduced its new direct-to-consumer (DTC) streaming service, which will be named ESPN, after its successful sports network, and costs $29.99 per month for the unlimited package and $11.99 per month for a select option.ESPN Chairman Jimmy Pitaro said the unlimited package will allow fans to enjoy the entire suite of ESPN networks and content.There will also be bundling opportunities for the ESPN unlimited plan with Disney+ and Hulu, […]

President Donald Trump on Tuesday brought back his criticism of the Federal Reserve's leadership for not cutting interest rates amid its concerns about inflation, which remains above the central bank's target range.Trump criticized Fed Chair Jerome Powell in a Truth Social post, arguing that he's behind the curve in lowering interest rates when compared with America's peers."No Inflation, and Prices of Gasoline, Energy, Groceries, and practically everything else, are DOWN!!! THE FED […]

Microsoft has plans to trim its workforce through layoffs.The planned layoffs will reduce the Washington-based tech company’s total workforce by 3%, CNBC first reported on Tuesday. The number of jobs getting cut is approximately 6,000. A spokesperson for Microsoft confirmed it has plans for job cuts in a statement to FOX Business, saying the company continues to "implement organizational changes necessary to best position the company for success in a dynamic marketplace."It […]

Amazon and FedEx have entered a package delivery deal. Business Insider reported, citing an internal document, that a new agreement between the e-commerce giant and delivery company was inked in late February. Under the deal, FedEx will transport some packages that Amazon customers have ordered to their doors on behalf of the e-commerce giant, according to the outlet. Amazon spokesperson Steve Kelly told FOX Business the company has "reached an agreement with FedEx to […]

A Turkey-based copper wire manufacturer announced on Tuesday it is investing $34 million in South Carolina to establish a 91,000-square-foot facility that will manufacture superfine electrolytic oxygen-free (EOF) copper wire in Fairfield County.Mega Metal, which has more than 700 employees and distributes products to more than 30 countries, said the project will create 135 new jobs.Once fully operational, the facility is expected to produce 55 million pounds of wire annually.TRUMP […]

Dylan Mulvaney has been promoting luxury clothing brand Versace in social media posts, roughly two years after the transgender influencer's controversial partnership with Bud Light financially hurt the brand."I think this is the best I ever looked, I’m pretty sure," Mulvaney said while twirling in a black Versace dress in a video posted to social media on May 5.Mulvaney wore the dress to a star-studded launch party for Versace's new La […]

President Donald Trump on Tuesday touted his administration's economic policies in a speech delivered in Saudi Arabia.The president is traveling through the Middle East this week in an effort to attract more investment in the U.S. economy. "Most importantly for the people in this room, the days of economic misery under the last administration are rapidly giving way to the greatest economy in the history of the world," Trump said."We are […]