Business

The future of American defense is undergoing a high-tech revolution as the Pentagon has awarded a multimillion-dollar contract to test heavy-duty humanoid robots.Foundation Future Industries recently secured the $24 million contract for its "Phantom" robots, designed to breach enemy sites and spare American lives. CEO Sankaet Pathak and chief strategy advisor Eric Trump argue the technology will help maintain America’s edge on the battlefield."We are America First. We have to […]

The White House Office of Science and Technology Policy accused China of "industrial-scale" AI technology theft in a scathing memorandum Thursday, just weeks before President Donald Trump is set to meet with Chinese President Xi Jinping in Beijing, China."The U.S. has evidence that foreign entities, primarily in China, are running industrial-scale distillation campaigns to steal American AI. We will be taking action to protect American innovation," OSTP Director Michael Kratsios wrote […]

Sen. Ted Cruz, R-Texas, came out full throttle against the Trump administration's proposed plan to bail out Spirit Airlines on Wednesday.Cruz responded to reports the administration's plan would see the U.S. government own up to 90% of the airline. President Donald Trump first floated the idea of buying out the airline on Tuesday."This is an absolutely TERRIBLE idea," Cruz wrote in a statement on X."The TARP corporate bailouts were a […]

American Airlines CEO Robert Isom rejected the idea of a United Airlines merger, telling investors on Thursday's first-quarter earnings call that it would be bad for all parties."The idea of the two largest airlines in the world getting together, that is something that we've viewed as being anti-competitive and obviously everybody that has weighed in suggests the same thing," Isom said."Bad for customers, bad for the industry and ultimately, that would […]

Warner Bros. Discovery Inc. announced on Thursday that its shareholders voted to approve its previously announced transaction with Paramount Skydance Corp. at a special meeting of stockholders."Shareholder approval marks another important milestone towards completing our acquisition of Warner Bros. Discovery, building on our successful equity and debt syndications and progress across regulatory approvals. We look forward to closing the transaction in the coming months and realizing the creation of a […]

Treasury Secretary Scott Bessent pushed back Wednesday after Sen. Chris Coons, D-Del., suggested that temporary sanctions relief for Iran has granted the country $14 billion during the war.During a fiery exchange in Wednesday's Senate Appropriations Committee subcommittee hearing on the 2027 fiscal budget, Coons levied the charge at Bessent, noting that "estimates are" that Iran has gained $14 billion since the U.S. granted the Islamic Republic temporary oil waivers in […]

Kevin O’Leary is narrowing his crypto strategy after years of experimenting across the digital asset space, arguing that most tokens have failed to justify their place in portfolios as institutional money reshapes the market.US BANS NEW FOREIGN-MADE CONSUMER INTERNET ROUTERS OVER SECURITY CONCERNSO’Leary Ventures Chairman Kevin O’Leary joined FOX Business’ Stuart Varney on "Varney & Co." to discuss why he has consolidated his holdings into what he sees as the […]

A common narrative suggests that the housing crisis is a young person’s problem, with Gen Z and millennials bearing the brunt of high prices.However, new data from the Federal Reserve Bank of New York and the American Enterprise Institute Housing Center reveals a much more disturbing reality: the collapse of homeownership is happening at every age level."The profile has shifted from the young couple starting a life to the established […]

Generac Power Systems is recalling certain portable generators sold at Costco after identifying a defect that could cause gasoline to leak, posing a potential fire and burn hazard, according to a notice sent to customers.The recall affects Generac GP9200E gas generators purchased between May 2025 and February 2026, Generac Power Systems said to Costco members. The affected serial numbers range from 3016786070 to 3016788388.The issue stems from the generator’s carburetor, […]