Business
President Donald Trump said Thursday he will announce his pick to replace Federal Reserve Chairman Jerome Powell on Friday. Speaking to reporters on the red carpet for first lady Melania Trump’s new movie, “Melania,” Trump was asked how soon he would name a new Fed chair.”Tomorrow morning,” the president said.…
A nearly century-old Chicago candy maker has filed for bankruptcy as rising costs and heavy debt pressure its business. Primrose Candy Company – a family-owned manufacturer known for its hard candies, chewy treats and popcorn – filed for Chapter 11 bankruptcy protection Tuesday in the U.S. Bankruptcy Court for the…
Apple’s iPhone 17 was a big seller over the holiday period, with sales jumping by nearly a quarter for the tech giant. CEO Tim Cook, in an interview with FOX Business, called the results “staggering.”Apple pulled in $143.8 billion in revenue in its fiscal first quarter, up 16% from the…
Some Social Security beneficiaries will receive their monthly benefits slightly earlier than usual in February and March due to a quirk in the calendar. The Social Security Administration (SSA) ordinarily disburses payments for Supplemental Security Income (SSI) on the first day of a given month. The SSI program provides monthly payments to…
Hyundai is recalling hundreds of thousands of Palisade sports utility vehicles because the air bag might not properly deploy, federal regulators warned. The recall affects model year 2020 to 2025 Palisade vehicles. The issue is that the side curtain air bags for third-row occupants in these SUVs “may deploy improperly…
As states compete for the next generation of high-tech and innovation-driven jobs, Florida has scored another major win. D-Wave Quantum Inc., a publicly traded pioneer in quantum computing, announced it will relocate its corporate headquarters from Silicon Valley to Boca Raton, Florida, betting on the state’s rapidly expanding technology ecosystem.”Florida…
Lockheed Martin CEO Jim Taiclet says the company is investing billions to quadruple production of its Terminal High Altitude Area Defense (THAAD) missile defense system as the Trump administration urges defense contractors to prioritize weapons manufacturing over Wall Street interests. “We heard President Trump’s guidance loud and clear,” Taiclet told…
New York City tops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to a new analysis of inflation rates across major metropolitan areas. The analysis, first shared with Fox 5 New York, was conducted by Plasma, a layer-1…
General Motors is investing tens of millions of dollars to boost wages and upskill workers at a major Kansas manufacturing plant as it prepares for three major vehicle launches. General Motors’ investment is directly supporting the careers of workers at the Fairfax Assembly Plant in Kansas City, which the automaker…
Melania Trump reveals advice she gives President Trump — and why she doesn’t watch him on TV all day
First lady Melania Trump has long guarded her privacy, even as her husband holds the most scrutinized office in the world. During an interview with FOX Business’ Maria Bartiromo ahead of the Jan. 30 premiere of her new documentary, titled “Melania,” the first lady revealed she agreed to be filmed…
President Donald Trump slammed Federal Reserve Chairman Jerome Powell on Thursday after the central bank held interest rates steady. “We should have a substantially lower rate now that even this moron admits inflation is no longer a problem or threat,” Trump wrote in a Truth Social post one day after…
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