Business

Treasury Secretary Scott Bessent told an investor summit on Tuesday that he expects the U.S. and China will de-escalate the impasse over tariffs because it's unsustainable for both countries, FOX Business has learned.Bessent said that while negotiations haven't started, a deal is possible, a source who attended the investor summit told FOX Business. The summit was closed to the media and public and hosted by JPMorgan Chase. Bloomberg first reported […]

Beijing has asked South Korean companies to cease exporting products containing Chinese-originated heavy rare earth metals to U.S. defense firms, warning that Seoul could face sanctions. China’s Ministry of Commerce sent official notices to at least two South Korean companies recently, the Korea Economic Daily reported on Tuesday, citing sources in the South Korean transformer industry.The outlet said the letters did not specify what type of penalties South Korean companies could […]

Anthropic – the company behind the artificial intelligence platform Claude – anticipates that digital AI employees will appear on corporate networks in the next year, the organization's top security leader informed Axios.Jason Clinton, Anthropic's chief information security officer, noted that these virtual workers could mark the next area of innovation in the AI space, the outlet reported. The AI entities would have "memories," parts to play within the business, and company […]

Google and Justice Department lawyers appeared before a federal judge Monday to begin trial proceedings in a landmark antitrust case — one that will determine just how far Google must go to break up its monopolistic online search engine.The high-stakes trial, slated to play out in court over the next three weeks, could historically alter the fate of one of Silicon Valley's biggest, most domineering tech giants.Both the Justice Department […]

During his tenure as the head of the Catholic Church, Pope Francis, who died Monday at age 88, spoke about how businesses and the economy should support the poor, while pushing back on suggestions he was anti-capitalist.The Vatican announced the death of Francis on Monday after he recently battled double pneumonia, following a series of health challenges in recent years. Francis had recovered enough to participate in Easter Sunday festivities […]

President Donald Trump is having a sit-down with several retailers regarding the tariffs he has imposed on goods imported from foreign countries.Bloomberg reported the meeting on Monday will be between the president and big-name retailers like Target, Walmart, Home Depot and Lowe’s. Fox Business confirmed the meeting will take place. Trump’s tariffs and their effect on companies will be at the center of the talks, according to the outlet. They will take […]

Business leaders around the world mourned the death of Pope Francis by posting tributes and condolences on social media Monday morning. Francis, who suffered from chronic lung disease, died at 88 years old on Monday morning, according to Cardinal Kevin Ferrell, the Vatican camerlengo."His entire life was dedicated to the service of the Lord and of His Church. He taught us to live the values of the Gospel with fidelity, courage, […]

Transportation Secretary Sean Duffy on Monday warned New York Gov. Kathy Hochul that the state "risks serious consequences" should it fail to end its congestion pricing toll by May 21, according to a letter obtained by Fox News.In the letter, Duffy gave New York another month to shut down or explain why the state is not breaking the law with the $9 fee for most vehicles entering Manhattan's core south […]

Tariffs, the Fed and America’s crumbling reserve currency – the economic volatility is painting a gloomy fiscal picture that will result in a recessionary slowdown, according to one expert."The dollar is weakening, and that always leads to future inflation," Forbes Media Chairman and editor-in-chief Steve Forbes said on "Varney & Co." Monday."Since 2023, gold's gone from $1,800 to $3,400 an ounce. That's a sure sign we're going to have a […]