Business

Democrats lambasted President Donald Trump while the White House spoke of economic growth following the release of a new Consumer Price Index (CPI) report on Wednesday as Americans continue to suffer the economic consequences of inflation amid the 2026 midterm election cycle.The U.S. Bureau of Labor Statistics noted that "The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent on a seasonally adjusted basis in September after rising […]

Crypto titan Michael Saylor predicts bitcoin will surge past $100,000 over the next year to kick off a massive new bull market.The largest cryptocurrency by market capitalization is trading around $81,800, up from about $75,900 a month ago, around the time the Senate failed to advance the Clarity Act in a procedural vote.Saylor, the executive chairman of Strategy Inc., argued that the best thing to happen to crypto was the […]

The head of the Office of the Comptroller of the Currency (OCC) declared Wednesday that his agency uncovered "irrefutable evidence that the nation's largest banks have denied, debanked and discriminated against customers and lawful businesses," including over political views.Comptroller of the Currency Jonathan Gould made the remark after the OCC said it investigated debanking activities at the nine largest banks it supervises: JPMorgan Chase Bank, Bank of America, Citibank, Wells Fargo Bank, U.S. […]

Netflix is reportedly cutting about 1,000 jobs worldwide, representing roughly 6% of its workforce, its largest round of layoffs since 2022.The job cuts, first reported by The Wall Street Journal on Wednesday, come less than a week before the streaming giant is scheduled to release its third-quarter financial results on Oct. 20.The reductions will primarily affect Netflix's product, technology, legal and human resources departments, the Journal reported, citing an internal […]

Kroger is planning to eliminate approximately 3,000 corporate positions over the next three years as the grocery giant expands its use of artificial intelligence and looks to cut costs, according to a report.The planned cuts would affect roughly 37% of Kroger's approximately 8,200 corporate employees, Reuters reported Monday, citing an internal memo from CEO Greg Foran.The restructuring comes as Kroger faces pressure to improve sales, keep grocery prices competitive and […]

A group of parents, child advocates and family policy groups is calling on TikTok, YouTube and Snapchat to adopt the same safeguards for minors recently agreed to by Meta, arguing that the changes should become an industry-wide standard.In a letter sent to the three platforms and obtained by FOX Business, the American Principles Project and other organizations and community leaders called Meta’s new protections a "new and higher standard for […]

SaverLife on Tuesday announced the launch of a customized version of its financial wellness app designed to support skilled trades workers through a partnership with BlackRock.The app was funded by The BlackRock Foundation through its Future Builders initiative, which aims to support workforce development, and the SaverLife x BlackRock Future Builders app will provide customized tools to help thousands of skilled trades apprentices manage their debt, build credit and grow […]

Six Flags has temporarily closed multiple roller coasters at amusement parks across North America as a precaution following a fatal incident at Six Flags Over Georgia that left one person dead and others injured.The closures affect major attractions in California, New Jersey, Illinois, Ohio, North Carolina and Canada, with no reopening dates announced.The announcement came a day after a man was killed while riding the Goliath roller coaster at the […]

Elon Musk accused rival Waymo’s driverless cars of being "pet destroyers" as he touted a Tesla robotaxi update designed to spot animals in some of the toughest nighttime driving conditions.The Tesla CEO made the remarks during a Tesla Owners of Silicon Valley livestream Saturday as he discussed testing the company’s robotaxis before expanding into new cities."Maybe what a lot of people don't know is that Waymos are like pet destroyers," […]