Business

Citadel CEO Ken Griffin called New York City Mayor Zohran Mamdani’s viral video—which singled out Griffin and his Manhattan penthouse while announcing a new tax—a "personal attack" and a "profound lack of judgment."On April 15, Mamdani posted a video spotlighting Griffin's property to announce a new pied-à-terre tax. The move prompted the hedge fund CEO to threaten to pull a $6 billion development project from the city. The video features Mamdani, […]

Subway is rolling out a new value menu featuring 15 items priced under $5 at participating locations across the United States, according to the company.The offering includes several 6-inch sandwiches and wraps priced at $3.99, as well as a rotating "Sub of the Day" available for $4.99. Customers can add chips and a drink for an additional $2, Subway said.Subway’s move comes as fast-food chains expand lower-priced offerings. McDonald’s recently […]

A renewed push to raise taxes on wealthy individuals and corporations in New York City is drawing criticism from business leaders as policymakers weigh how to balance budgets without driving away investment.O’Leary Ventures Chairman Kevin O’Leary joined FOX Business’ Stuart Varney on "Varney & Co." to weigh in on proposals targeting high earners, arguing the approach risks undermining the economic activity cities rely on."Well, let's just look at the policy […]

A Princess Cruises ship recovered five bodies from the water during a voyage in Europe this month, the company confirmed.The Sapphire Princess altered course on April 21 after crew members spotted an orange inflatable life jacket in the water while sailing en route to Cartagena, Spain, according to a statement from Princess Cruises.The vessel deployed its Fast Rescue Boat to investigate and ultimately recovered five deceased individuals, the company said. […]

Now that the Justice Department has dropped its Federal Reserve probe, Sen. Thom Tillis, R-N.C., said he is willing to vote to confirm Kevin Warsh to serve as the next chair of the Federal Reserve System board of governors."I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could […]

After months of campaigning for a first-of-its-kind retroactive wealth tax in California, the union-led effort is now taking its next step.The Service Employees International Union–United Healthcare Workers West (SEIU-UHW) said it has collected more than 1.55 million signatures, according to a press release, nearly double the 875,000-signature requirement — to put a one-time tax on billionaire assets on the California ballot.The California Billionaire Tax Act would target the net worth […]

Elon Musk's lawsuit claiming that OpenAI violated its mission as a nonprofit organization moves to trial on Monday as jury selection gets underway in a federal court in Oakland, California.Musk was a co-founder of OpenAI in 2015, but left the artificial intelligence (AI) startup in 2018 after he was unable to persuade its other leaders to have OpenAI merge with Tesla or create a for-profit entity led by him to […]

The United States is ramping up pressure on Iran by targeting the economic lifelines that help keep its oil flowing, with a particular focus on China’s role in facilitating those exports.Gatestone Institute senior fellow Gordon Chang joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss how Washington’s latest sanctions strategy is designed to disrupt the networks moving Iranian crude, including Chinese refineries and vessels tied to Tehran’s so-called […]

Handel’s Homemade Ice Cream is entering a new phase of growth under CEO Jennifer Schuler, who says the 80-year-old brand is focused on balancing expansion with long-standing tradition.Schuler, who was appointed to take the helm in March 2024, told FOX Business she is intentionally taking a measured approach as the Ohio-founded chain looks to grow. "I've heard people say, when you're joining a new brand or business, don't come in and […]