The rapid buildout of artificial intelligence (AI) infrastructure is expected to accelerate in the years ahead, with a new analysis projecting investment in the sector will top $31 trillion through 2050. A report by PwC projects that capital expenditures on AI infrastructure will reach $31.6 trillion by 2050 as companies…
Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday. The ride-hailing giant’s CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are…
Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a selloff amid concerns over energy prices keeping inflation elevated as well as government debt burdens. The yield on the benchmark 10-year Treasury note was around 4.8% in the early afternoon on Wednesday, slightly…
Companies in the private sector added 38,000 jobs in August, payroll processing firm ADP said in its latest report on Wednesday. The figure is below economists’ estimates of a gain of 48,000 jobs and down from the prior month’s revised 46,000 payrolls. August’s figure is the lowest since January.”Pay can…
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Disney is moving forward with a program allowing longtime employees in certain roles the opportunity to accept an early retirement…
Dick’s Sporting Goods on Tuesday revised its 2026 outlook and warned of weakening consumer demand for athletic apparel and footwear.…
Hyundai Motor Group’s luxury brand Genesis is launching a new electric SUV with more than 300 miles of estimated range…
Starbucks is laying off over 200 corporate workers as it moves forward with the turnaround strategy that it began two…
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Federal Reserve Chair Kevin Warsh on Friday delivered his first keynote address at the annual Jackson Hole Symposium on monetary policy, outlining his views of the economy and his perspective on why he thinks the central bank’s forward guidance should be reined in. Warsh emphasized…
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This story about the July 2026 PCE inflation report will be updated with further details. The Federal Reserve’s preferred inflation gauge rose slightly in July as the pace of price growth remained well above the central bank’s target ahead.The Commerce Department on Wednesday reported that the personal consumption expenditures (PCE) index rose…
EXCLUSIVE: Just two weeks after the Florida Chamber of Commerce launched a viral Times Square ad crowning New York City Mayor Zohran Mamdani as Florida’s “Economic Developer of the Year,” corporate decision-makers are answering the call. In an exclusive interview with Fox News Digital, Florida Chamber President and CEO Mark…
A new report by the Government Accountability Office (GAO) warns Americans’ retirement plans may be sharing or selling personal information that can be used to market financial products and services. Over 126 million Americans are enrolled in employer-sponsored retirement plans, such as a 401(k) or similar account, with total assets…
Target has apologized for a circus clown Halloween costume that critics accused of evoking Blackface and 19th-century minstrel shows following online backlash. The costume was sold as the “Kids’ Glows Under Blacklight Circus Clown Halloween Costume,” according to the since-deleted listing. The costume was sold as part of the retailer’s seasonal Hyde…
Treasury Secretary Scott Bessent said on Monday that the regularly scheduled Treasury auctions of U.S. debt are expected to continue per usual after his agency announced an increase in the size of buybacks of longer-dated securities. Bessent spoke Monday at a press conference to discuss a new plan for the…
Google is reportedly moving forward with shifting all manufacturing of its Pixel devices outside of China starting in 2027. The tech giant has previously made its Pixel phones, watches and earbuds in China – though that’s set to change next year, with Google informing suppliers that the production of those…
Canadian Prime Minister Mark Carney suspended trade negotiations with the United States late Friday, blaming “unfair” last-minute changes to Washington’s proposed terms and announcing retaliatory tariffs against the U.S. Carney said the move comes as President Donald Trump’s 50% tariffs on roughly $28 billion in Canadian goods were set to…
Thousands of off-road motorcycles are being recalled over a braking defect that could cause serious injury or death from a crash, according to federal regulators. KTM North America Inc., of Amherst, Ohio, is recalling about 21,040 GASGAS and Husqvarna off-road motorcycles in the U.S., the U.S. Consumer Product Safety Commission…
close video Mortgage rates fell for the second week in a row, 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 6.65% from last week’s reading of 6.67%. The average rate on a…
The Treasury Department on Thursday moved forward with new rules for investments in Trump Accounts that aim to exclude investment funds rooted in environmental, social and governance (ESG) criteria, FOX Business has learned. The rules restricting ESG funds from being included in Trump Accounts come alongside other rules ensuring that…
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