Business

Consumer sentiment ticked higher in early January despite lingering concerns about inflation and a weak labor market, according to the latest release from the University of Michigan's Surveys of Consumers.Michigan's Consumer Sentiment Index rose to 54 in January's preliminary reading from a final reading of 52.9 in December. That was a larger increase than what was expected by economists polled by LSEG, who anticipated the January figure would come in at […]

Treasury Secretary Scott Bessent said President Donald Trump has one more interview to do before naming America's next leader at the Federal Reserve.Speaking at the Minnesota Economic Club, where he also addressed a sweeping fraud scandal that has drawn national attention, Bessent said BlackRock Global Fixed Income Chief Investment Officer Rick Rieder is expected to interview with Trump soon.POWELL DECLINES TO WEIGH IN ON POTENTIAL SUCCESSORS AS TRUMP EYES NEXT […]

Intel unveiled new chip manufacturing milestones this week, but former Intel CEO Pat Gelsinger said the United States still has a long way to go to reclaim chip production from Asia."The metric [is] though, how many wafers are being built in America," Gelsinger said Friday on "The Claman Countdown.""That is the only thing that matters," he added.Gelsinger’s warning comes as the Trump administration has moved to strengthen U.S. chip manufacturing, […]

Venture capitalist Chamath Palihapitiya says California’s proposed billionaire tax is accelerating an exodus of ultra-wealthy residents, a shift he argues will worsen and not solve the state’s budget deficit.Palihapitiya, who has been tracking capital flight from the Golden State, said California has so far lost an estimated $1 trillion.MAMDANI’S RISE IN NYC MIRRORS ECONOMIC FLIGHT TO THE SOUTH, STUDY SHOWS"We had $2T of billionaire wealth just a few weeks ago. […]

A federal judge blocked New York City Mayor Zohran Mamdani's effort to intervene in the sale of thousands of rent-stabilized rental properties on Thursday.Mamdani's administration had sought to slow the sale of the properties after tenants complained that the seller, Pinnacle Group, had poorly maintained the properties and were concerned that the prospective buyer, Summit Properties USA, would have similar issues.Mamdani's administration attempted to intervene on the basis of being […]

Costco is planning to open a new Los Angeles warehouse beneath an affordable-housing complex, marking a creative expansion strategy for the retail giant.The project, located in the Baldwin Village area of South Los Angeles, is expected to open in 2027, Costco CEO Ron Vachris said during the company's first-quarter fiscal year 2026 earnings call last month."We've got a project in Los Angeles where we're working with some developers [where] there's […]

The U.S. could soon lift additional sanctions on Venezuela to help support oil sales, according to Treasury Secretary Scott Bessent.In an interview with Reuters, Bessent said more U.S. sanctions could be lifted "as soon as next week," adding that he plans to meet with the heads of the International Monetary Fund (IMF) and the World Bank to discuss renewed engagement with the South American nation."We're de-sanctioning the oil that's going […]

Meta's latest nuclear power deals will help the U.S. "win" the artificial intelligence (AI) race against China as surging energy demand strains the nation’s power grid, the company’s Chief Global Affairs Officer Joel Kaplan told FOX Business.The tech giant announced Friday it has signed 20-year agreements to buy power from three Vistra-owned nuclear plants in Ohio and Pennsylvania, while also helping develop new nuclear projects with Oklo and TerraPower. The deals […]

As the United States prepares to celebrate its 250th birthday this July 2026, Education Secretary Linda McMahon is putting renewed focus on something she says is quietly fading from classrooms nationwide: patriotism. In an appearance on FOX Business’ "Mornings with Maria," McMahon outlined a nationwide push to restore civics education, pride in the American flag, and a shared sense of national identity among America’s youth.McMahon said too many schools have moved […]