Business

The Trump administration on Tuesday announced that it had reached new agreements with Microsoft, Google DeepMind and Elon Musk's xAI to expand collaboration with Big Tech companies in researching artificial intelligence (AI) and security.The Center for AI Standards and Innovation (CAISI), which is part of the Commerce Department's National Institute of Standards and Technology, will work with the AI companies on pre-deployment evaluations as well as targeted research into frontier […]

A threat from hedge fund Citadel to put a halt to its $6 billion Midtown Manhattan offices over a tax proposal from Mayor Zohran Mamdani threatens area food vendors' dwindling business, vendors told FOX Business.The fund, founded by Ken Griffin in 1990, made the threat after Mamdani directly targeted Griffin while announcing a new tax on second homes in the city."This is an annual fee on luxury properties worth more […]

The prospect of renewed conflict in the Middle East is intensifying as tensions escalate in the Strait of Hormuz, with military leaders warning that a return to sustained combat operations may be unavoidable following reported ceasefire violations by Iran.TREASURY FREEZES $344M IN CRYPTO AS 'OPERATION ECONOMIC FURY' PUSHES IRAN TO INDUSTRIAL BREAKING POINTFox News senior strategic analyst, retired Gen. Jack Keane, joined FOX Business' Cheryl Casone on "Mornings with Maria" […]

A Texas candy company with roots dating back more than a century is winding down most of its operations as rising costs and shrinking margins pressure the long-running family business.Lammes Candies, an Austin-based confectioner founded in the 1800s, said it will begin an "orderly wind-down of operations" after 141 years of continuous family ownership, according to a statement posted to the company’s Facebook page."This was not an easy decision," the […]

Budget airlines are seeking help from the federal government amid the surge in jet fuel prices that prompted Spirit Airlines to cease operations after its bankruptcy exit plan faltered and a possible federal aid package failed to materialize.Spirit on Saturday announced "with great disappointment" that it started an orderly wind-down of its operations, adding that it was "proud of the impact of our ultra-low-cost model on the industry over the […]

Markets may face near-term volatility tied to oil prices and geopolitical tensions, but underlying economic strength and the prospect of lower interest rates could fuel a powerful next leg higher, according to a market expert.Calamos Investments President and CEO John Koudounis joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss market resilience and why he sees further upside despite ongoing uncertainty.Koudounis pointed to strong corporate earnings and supportive […]

America’s "Cradle of Liberty" is fast becoming the cradle of high costs.With home prices nearly double the national average, Boston is facing a generational drain as high-skilled workers flee the city’s rising cost of living for greener — and cheaper — pastures in the South.According to the 2026 Young Residents Survey, commissioned by the Greater Boston Chamber of Commerce Foundation, there is a growing crisis of confidence among the city's […]

In a tribute to the grit and sacrifice that built the nation, FOX Business is kicking off Small Business Week by crowning three companies that embody the American spirit as the winners of the first "Made in America" contest.Marilyn Burns, 82, has owned and operated her local souvenir shop in the heart of Lakeside since 1999. Her store is a community staple that also funds youth camps and serves as […]

The Justice Department confirmed its active investigation of potential antitrust violations in U.S. cattle and beef markets, reviewing more than 3 million documents and interviewing industry participants as federal officials scrutinize whether highly concentrated meatpacking power has contributed to high beef prices.The four largest beef processors control more than 85% of the U.S. processing market — half of which are Brazilian-owned — Trump administration officials noted at a Monday news […]