Business

President Donald Trump on Wednesday called for increasing next year's defense budget to $1.5 trillion, up from his prior proposal of $1 trillion which a budget watchdog is warning would add trillions to the national debt.Trump said in a post on his Truth Social platform that, after discussions with lawmakers and administration officials, he determined that "in these very troubled and dangerous times, our Military Budget for the year 2027 should […]

Fewer Americans are applying for mortgages despite lower rates — even as lending standards tighten — signaling that high prices and financial pressures are outweighing modest rate relief.For the week ending Jan. 2, mortgage applications fell 9.7% from two weeks earlier — a steep drop marking a new low to close out 2025 — according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey. That’s a roughly 10% […]

As artificial intelligence is rapidly evolving, Fox News got an exclusive look at a company helping businesses nationwide harness AI-powered robots to boost efficiency and fill labor gaps. RobotLAB, with 36 locations across the country and headquartered in Texas, houses more than 50 different types of robots, from cleaning and customer service bots to security bots.Almost every industry can use the robots, from engaging dementia patients in nursing homes and delivering […]

Paramount on Thursday continued to insist it made a superior offer for Warner Bros. Discovery, compared to that of Netflix, despite pushback from the WBD board of directors.Netflix agreed last year to acquire Warner Bros. Discovery's film and television studios and streaming platform, HBO Max, in a cash-and-stock deal valued at $27.75 per Warner Bros. Discovery share. Paramount, a Skydance Corporation, then launched a hostile takeover bid for all of Warner Bros. Discovery, including […]

The deposition of Venezuelan dictator Nicolás Maduro has sparked questions about the country’s future — and its vast natural resources. While many, including President Donald Trump, have focused on Venezuela’s oil as a potential benefit to the U.S., one expert says the country’s rare earth minerals may be getting overlooked."I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION barrels […]

President Donald Trump signed an executive order on Wednesday to block defense companies from paying dividends or buying back stock until they improve production and delivery performance."Effective immediately, they are not permitted in any way, shape, or form to pay dividends or buy back stock, until such time as they are able to produce a superior product, on time and on budget," the order reads.Trump and the Pentagon have criticized […]

The Treasury Department is implementing President Donald Trump’s No Tax on Car Loan Interest policy, a measure designed to lower costs for American families, Treasury Secretary Scott Bessent said Wednesday.The policy, enacted as part of Trump’s "big, beautiful bill," allows eligible taxpayers to deduct up to $10,000 a year in car loan interest on new, U.S.-assembled vehicles purchased between 2025 and 2028."Treasury is implementing President Trump’s No Tax on American […]

A U.S. defense tech company executive who has been personally sanctioned by China over his company's arm sales to Taiwan says he wears the ban as a badge of honor."It’s an award I’m very, very proud to win," Anduril founder Palmer Luckey told FOX Business anchor Liz Claman from CES 2026 in Las Vegas Wednesday.Just one week after Washington announced an arms-sale package valued at more than $10 billion to […]

President Trump is tightening the screws around the communist regime of Delcy Rodgriguez and her husband, and the rest of the Chavista state in Venezuela, by ordering them to turn over up to 50million barrels of sanctioned oil to the United States of America. The oil will be sold on the market, and the money will be controlled by Mr. Trump. I love that. He’s kind of like the landman […]