Business

A Florida man was arrested on federal charges related to an alleged cryptocurrency "Ponzi scheme" that defrauded investors of at least $328 million.The U.S. Attorney's Office for the Middle District of Florida said in a release Tuesday that Christopher Alexander Delgado, a 34-year-old from Apopka, Florida, was arrested on wire fraud and money laundering charges. If convicted on all charges, Delgado would face a maximum of 30 years in federal prison.According to […]

Ford is recalling more than 4.3 million pickup trucks and SUVs due to a software issue that could cause trailer brakes not to function.The recall affects certain model year 2021 through 2026 F-150s, 2022-2026 Super Duty trucks, 2024-2026 Rangers, 2022-2026 Expeditions, Mavericks, Lincoln Navigators and 2026 Transit vehicles.When towing a trailer, the Integrated Trailer Module may lose communication with the vehicle, potentially causing a loss of brake and turn signal […]

Americans are facing rising electricity costs around the country as winter weather and the rise of artificial intelligence (AI) data centers increase demands on the electric grid.Electricity prices have risen faster than the pace of inflation in the last year. January consumer price index (CPI) data from the Bureau of Labor Statistics showed electricity costs were up 6.3% from a year ago, while CPI was up 2.4% in that period.Data from […]

Mortgage rates fell below 6% this week for the first time in three and a half years, 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 fell to 5.98% from last week's reading of 6.01%. The average rate on a 30-year loan was 6.76% a year ago. It was most recently under 6% on Sept. 8, […]

Iran's ruling regime is facing what opposition leader Prince Reza Pahlavi describes as its most vulnerable moment as economic pressure and anti-regime demonstrations continue across the country.Pahlavi, the former crown prince and a leading voice of the democratic opposition, joined FOX Business' Maria Bartiromo on "Mornings with Maria" to argue that financial sanctions are compounding internal unrest and weakening Tehran's grip on power."Clearly, the regime that is on its last […]

The Trump administration isn’t letting a Supreme Court setback derail its tariff strategy. The nation’s top trade official says the White House won’t wait on Congress to restore the program.In a 6-3 ruling last week, the high court struck down President Donald Trump’s global tariff authority under the International Emergency Economic Powers Act (IEEPA). Democrats lauded the Supreme Court’s ruling as a victory, arguing tariffs raise prices for everyday Americans.But U.S. Trade Representative Jamieson […]

Despite mortgage rates just dipping below the 6% mark, American homebuyers aren't retreating just yet.While high mortgage rates have historically chilled demand, the latest data reveals a defiant consumer base: new home sales remain higher than year-ago levels, and a massive surge in refinancing suggests homeowners are pouncing on any slight dip in borrowing costs.Recent data from the Census Bureau reveals that while new home sales dipped slightly by 1.7% […]

Between her hard work on the court as a WNBA superstar, and her duties as a mother at home, Breanna Stewart needs some caffeine throughout the day to keep her going.But Stewart isn’t just drinking any coffee to get her fix — she’s partnered with a brand that is perfect for the pro athlete she is.Stewart has joined Throne SPORT COFFEE, becoming the first female athlete to partner with the […]

NVIDIA CEO Jensen Huang said the artificial intelligence boom is only just beginning and nowhere near its peak, predicting that AI is "going to be everywhere" as the industry enters a decade of growth.Huang made the comments during an interview airing Thursday on FOX Business' "The Claman Countdown" with host Liz Claman."AI is just going to be everywhere. So we have plenty of runway, lots and lots of growth ahead […]