Business

President Donald Trump blasted two Supreme Court justices that he appointed as "bad for our country" after they sided with the majority in a ruling that undercut his tariff agenda.The criticism follows a Supreme Court decision last month that blocked his use of an emergency law to impose sweeping tariffs.By a 6–3 vote, the majority concluded that the law cited to justify the import duties "does not authorize the President […]

A class action lawsuit filed against Fanatics, the NFL, NBA, MLB, their respective players associations and OneTeam, which serves as the commercial vehicle for the players associations, was dismissed by a New York federal judge on all counts Monday. The court granted Fanatics’ motion to dismiss the lawsuit, which involved five plaintiffs — Robert Scaturo, Scott Bubnick, Joseph Davidov, Steven Mardakhaev and Jonathan Madar. The suit accused the group of conspiring to […]

Networks of foreign nationals may be linked to U.S. hospice fraud, Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz warned Wednesday in a FOX Business special, pointing to one major city as a key area of concern."You have to ask yourself exactly how many people are actually dying in Los Angeles," Oz told host David Asman."[There are] almost 2,000 hospices in LA County. We believe half of them […]

A $6 million verdict against Meta and Google in a closely watched social media addiction trial may signal the start of a far broader legal threat for the tech giants.A Los Angeles jury on Wednesday found both companies liable for designing addictive platforms for young users, awarding $3 million in compensatory damages and another $3 million in punitive damages.Monte Mann, a business trial lawyer at Armstrong Teasdale, said appeals are […]

Meta is cutting roughly 700 jobs on Wednesday, a source familiar with the matter confirmed to FOX Business.The layoffs are expected to affect several key areas, including Reality Labs, Facebook, recruiting operations and sales, the source said.A spokesperson for the company said the layoffs are part of ongoing restructuring efforts, noting that the tech giant regularly adjusts its workforce to better align with its goals. META EYES MASSIVE 20% WORKFORCE CUT […]

The latest phase of the Iran war is locked on the Strait of Hormuz and critical energy infrastructure. Already, its effects are rippling thousands of miles away in Asia.Asia is at the front line of the energy crisis, ​with shortages hitting nearly every country. Roughly a fifth of the world’s oil flows through the Strait of Hormuz, with some 80% going to Asia, according to the International Energy Agency.As Iran […]

A rare point of agreement is emerging across ideological lines as concerns grow over how artificial intelligence could reshape the American workforce.Mike Rowe, CEO of the mikeroweWORKS Foundation, joined FOX Business’ Stuart Varney on 'Varney & Co.' to discuss how rapid technological change is colliding with a long-standing shortage of skilled labor, creating what he sees as a turning point for the economy.Rowe’s warning echoes a broader message gaining traction […]

A Los Angeles jury on Wednesday found Meta and Google liable in a closely watched trial accusing social media platforms of designing their products to get young users addicted, awarding the plaintiff $3 million in damages. Meta was ordered to pay 70% of the awarded compensatory damages, while Google is responsible for the rest. The verdict came after nine days, roughly 43 hours, of deliberations. The jury is expected to make […]

JPMorgan Chase CEO Jamie Dimon said on Tuesday that the U.S. is becoming more like Europe in terms of defense procurement, and it's holding the country back.Dimon spoke at the Hill & Valley Forum, which is an annual meeting that brings together policymakers, defense leaders, tech builders and investors to discuss national security, emerging technology and U.S. competitiveness.He said he was "deeply frustrated" by what he sees as excessive bureaucracy in the […]