Business

A finance expert is urging investors to look beyond the artificial intelligence trade after a massive rally in technology stocks, arguing that future market gains may come from other areas of the economy.UBS Managing Director and Senior Portfolio Manager Jason Katz joined FOX Business' "Varney & Co." host Stuart Varney to discuss market leadership, the outlook for consumers and where investors may find opportunities if enthusiasm around AI begins to […]

JPMorgan Chase Chairman and CEO Jamie Dimon issued an unfiltered, aggressive warning against a new crypto-friendly bill moving through Congress while also targeting Coinbase CEO Brian Armstrong's multimillion-dollar lobbying push.In a wide-ranging interview with FOX Business’ Maria Bartiromo on Friday, Dimon was asked for his thoughts on the CLARITY Act, which aims to establish clear regulatory guidelines in the U.S. for digital assets and stablecoins.Dimon then rejected Coinbase's messaging that […]

Yum Brands is reportedly in exclusive talks to sell Pizza Hut to private-equity firm LongRange Capital, according to a report citing a source familiar with the matter.The potential transaction would mark a significant shift for one of America's most recognizable pizza chains and underscores growing consolidation across the restaurant industry as operators navigate slowing consumer demand and higher costs.The discussions could result in a deal within several weeks, although no […]

Red Lobster is closing its Times Square restaurant after more than two decades in one of the world's busiest tourist destinations.The restaurant, located at 5 Times Square, is scheduled to close June 14, ending a high-profile presence the seafood chain has maintained in the heart of Manhattan since 2003."Times Square has been an important chapter in Red Lobster's history, and this was a difficult decision," the company said in a […]

California’s self-inflicted economic wounds have reached a fever pitch in 2026. Strapped with record-high gas prices, a staggering $31 billion transit deficit and a radical billionaire wealth tax heading to the ballot this November, the Golden State is witnessing an unprecedented mass migration.It is no longer just a working-class flight; California’s elite are actively being courted by pro-business states, prompting luxury billboards to tell Angelenos they should "move to Miami, where […]

Burger King is bringing back its Crown Nuggets for the first time in 15 years, reviving a nostalgic menu item that fans have repeatedly pushed the fast-food chain to restore.The crown-shaped chicken nuggets will return to Burger King restaurants nationwide starting June 2 and will be available while supplies last, the Miami-based company announced this week. The rollout marks the first time the nuggets have appeared on menus since 2011."We’ve […]

Americans are voting with their feet, leaving high-tax blue states for lower-cost, Republican-led states and reshaping the nation’s economic and political map, according to new Census Bureau data.As states battle for residents and businesses, low-tax red states are attracting jobs, investment and population growth. Democratic-led states continue relying on higher taxes to fund public services and social programs, even as companies and wealthy residents move elsewhere.With affordability set to dominate […]

When Javier Milei entered the race to be Argentina’s president, 108 notable economists said his policies could be a disaster. Three years later, the maverick president continues to prove them wrong.As Argentina’s new president in December 2023, Milei faced an ailing economy due to corruption, inflation, excessive money printing and a bloated government. At that time, inflation was running at 211%, and exports were just $5 billion for the month. […]

A frozen cheese bread product sold at Costco is being recalled over concerns it could be contaminated with salmonella, prompting the retailer to notify customers who purchased the affected items.Champion Foods LLC announced a voluntary recall of certain batches of Motor City Pizza Co. 5 Cheese Bread after learning that an ingredient supplier had recalled milk powder because of a potential salmonella contamination concern.According to the company, the recalled milk […]