Business

White House AI and crypto czar David Sacks was appointed as co-chair of the President's Council of Advisors on Science and Technology (PCAST), expanding his role within the Trump administration.President Donald Trump established PCAST through an executive order on Wednesday, aimed at bringing together leading figures in science and technology to advise the president and strengthen U.S. leadership in those fields.The new role positions Sacks to oversee a broader range […]

More than 10 million grill brushes are being recalled nationwide after reports that metal bristles can break off and end up in food.The U.S. Consumer Product Safety Commission (CPSC) announced the recall Thursday for several Nexgrill metal wire brushes sold at Home Depot stores and online between 2015 and 2026. "Small metal wire bristles can detach from the brushes and stick to the grill or food, posing an ingestion hazard and […]

Jonathan Haidt, a social psychologist and author of "The Anxious Generation," says mounting concerns over social media's impact on children have hit a "turning point."Speaking Thursday on FOX Business’ "The Big Money Show," Haidt pointed to a closely watched social media trial, citing internal Meta communications in which employees described Instagram as "a drug" and acknowledged they were "basically pushers.""What we learned is that the companies really behaved abominably," Haidt […]

JetBlue said Thursday it's adding a new route to its offerings while also adding more flights out of one of the low-cost carrier's Florida hubs starting this summer.The company announced it will expand its offerings at Fort-Lauderdale-Hollywood International Airport, including a new route to Cleveland that will offer daily service starting July 8.Several existing domestic routes to and from Fort Lauderdale will see additional flight options for travelers starting when the […]

Los Angeles County voted in favor of an analysis into the proposed merger between Paramount Skydance and Warner Bros. Discovery and its impact on the entertainment industry.The Los Angeles County Board of Supervisors approved the motion Tuesday to have the Department of Economic Opportunity (DEO) conduct a "comprehensive economic impact analysis" on the direct and indirect impact the merger could have on employment in the county."Entertainment is more than what […]

BlackRock CEO Larry Fink warned in his annual chairman's letter that wealth inequality could worsen if more people don't participate in financial markets to reap the benefits of investing.Fink said that the vast majority of wealth has flowed to people who own assets, as opposed to those who earned most of their income from working, and warned that artificial intelligence (AI) could exacerbate that trend."Since 1989, a dollar in the U.S. […]

Businessman Marcus Lemonis cast doubt on Florida Democrat Emily Gregory's claim that President Donald Trump played no role in her recent election upset, saying it was unrealistic to suggest voters weren’t talking about the president."I didn’t appreciate the disingenuous nature of it," Lemonis said during an appearance on "Varney & Co.," reacting to remarks Gregory made on MS Now's "Ana Cabrera Reports."Cabrera had asked the Florida Democrat, who flipped the […]

Mortgage rates spiked this week as the conflict in Iran continues to weigh on markets, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.38% from last week's reading of 6.22%. The average rate on a 30-year loan was 6.65% a year ago."The housing market continues to show gradual improvements compared to a year […]

Wagner Spray Tech is recalling about 700,000 power steamers in the U.S., plus roughly 8,000 sold in Canada, after reports the products can overheat and cause burn injuries, according to federal safety regulators.The recall affects the company’s 905e Auto Steamer, 915e On-Demand Power Steamer and 925e Steam Machine Elite Steamer, which share the same base unit but come with different accessories, and were sold at major retailers including Home Depot, […]