Business

The Trump administration is sending letters to banks in four areas about handling Iranian money.The letter obtained by FOX Business says the Treasury Department has evidence that banks in Oman, the UAE, Hong Kong and China have allowed Iranian funds used for illicit activities to be funneled through them.A senior administration official not authorized to speak publicly says this is the first step to adding secondary sanctions on those banks, […]

7-Eleven is planning to close hundreds of stores across North America this year as the convenience store giant trims its footprint following recent declines in the region.Parent company Seven & i Holdings said in a recent filing that 645 7-Eleven locations are slated to close during its 2026 fiscal year, which began in March. The closures include some stores that will be converted into wholesale fuel sites rather than traditional […]

A wave of aggressive tax proposals is hitting voters this election cycle, as states push sharply different plans that could reshape how governments raise revenue. From efforts targeting high-net-worth individuals to proposals aimed at eliminating major taxes altogether, the growing divide is forcing voters to weigh competing visions of fiscal policy.JOSH ALTMAN SOUNDS ALARM ON CALIFORNIA WEALTH TAX, SAYS WORKERS WOULD PAY THE PRICEFOX Business’ Gerri Willis joined Stuart Varney […]

The deadline to file 2025 tax returns is looming on Wednesday, April 15, and while tens of millions of taxpayers have filed their returns, there will likely be millions filing extensions to give themselves until the fall to submit their returns.Taxpayers who need more time to file their 2025 tax return can request an extension before the April 15 deadline by filling out an online form. Extensions give taxpayers until Oct. […]

IRS CEO Frank Bisignano pushed back Monday on reports that the agency is short-staffed, telling FOX Business there is "no staffing shortage" and pointing to strong tax season performance as evidence."That's because people go, 'If you had 100,000, and now you have 72,000, you must be short-staffed,'" Bisignano said on "Varney & Co.," referencing a drop-off in the agency's workforce."But we've run orgs our whole life to drive productivity and […]

YouTube Premium subscribers should expect to see higher monthly prices, marking the first increase since 2023.The streaming platform said the price changes will help it "maintain features our members value most: ad-free viewing, background play, and a massive library of 300M+ tracks on YouTube Music.""We continue to offer several plans, ensuring subscribers can choose the option that works best for them," the company said.NETFLIX CEO GRILLED DURING HEATED SENATE HEARING […]

With an eye on the next generation, a new Trump Accounts proposal aims to turn tax season into more than a yearly chore – recasting it as a first step toward building lasting wealth.Tucked inside President Donald Trump’s sweeping One Big Beautiful Bill Act, the plan would create government-backed investment accounts for children, designed to grow over time.The accounts would function much like traditional long-term investment vehicles, but with rules […]

The iconic green jacket still defines the Masters — but the prize money has never been greater.This year’s winner will take home a record $4.5 million, a payday that separates sharply from the rest of the field.On Saturday, the Masters announced a total purse of $22.5 million—an increase of $1.5 million from last year and up $7.5 million from 2022, when American Scottie Scheffler won.More than $17 million of this […]

StubHub will refund $10 million to consumers and revamp how it displays ticket prices after the Federal Trade Commission accused the company of deceptively advertising live-event tickets without fully disclosing mandatory fees upfront."The Commission’s Fees Rule makes it very clear that the total price of live-event tickets must be disclosed up-front to enable consumers to make fully informed purchasing decisions," FTC’s Bureau of Consumer Protection Director Christopher Mufarrige wrote in […]