Business

FIRST ON FOX: The Treasury Department is dropping the hammer on a Tren de Aragua (TdA) $40-plus million fraud scheme accused of using U.S. automated teller machines as a narco-terror piggybank, stealing Americans' cash to fund its transnational terror network.Treasury, in a First on Fox story Wednesday, unleashed a whole-of-government crackdown, targeting the financial network of the violent foreign terrorist organization (FTO) TdA over a massive, high-tech ATM "jackpotting" scheme […]

Americans may be surrounded by abundant natural gas, but one CEO says a lack of infrastructure is preventing many households from benefiting from lower commodity prices.President and CEO of EQT Corporation Toby Z. Rice joined FOX Business’ Cheryl Casone on "Mornings with FOX Business" to discuss permitting reform, natural gas prices and growing energy demand from artificial intelligence and LNG exports.Rice pointed to the gap between prices in gas-producing regions […]

Meta on Tuesday unveiled a version of its Muse artificial intelligence (AI) agent for small businesses.The release of Muse for Small Business follows Meta's launch of the Muse personal AI agent earlier this month. Agentic AI can complete tasks on its own based on instructions provided by the user, developing multistep projects and working across connected apps or services relevant for a given task.Meta said that Muse can suggest an […]

Exclusive: President Donald Trump will make a surprise stop in Denton, Texas, on Thursday to highlight manufacturing and the administration's economic agenda, FOX Business has learned.The president will visit a Peterbilt Motors factory in the city north of Dallas. Trump will deliver remarks about the manufacturing boom he believes is a result of his pro-growth policies, tariffs and deregulation."The president’s America First trade agenda is driving a manufacturing renaissance that […]

Family-owned businesses play a major role in the economy and founders face difficult decisions when it comes time to consider passing it down to the next generation, experts said in a new podcast.The latest episode of Goldman Sachs Exchanges discussed how family-owned businesses should approach planning for generational transitions given their importance to the economy, according to a transcript reviewed exclusively by FOX Business.FX de Mallmann, chairman of investment banking […]

Tropical Smoothie Cafe is rolling out a major brand refresh as the fast-casual chain builds on rapid growth and prepares for its next phase of expansion.The Atlanta-based company — best known for its made-to-order smoothies, wraps and bowls — has surpassed $1.6 billion in system sales, grown its loyalty program to 13 million members and is on track to top 1,800 locations by the end of the year.It is also […]

A new report from the Bank of America Institute finds that American consumers are spending more on their hobbies but are facing higher prices for their enjoyment.The report notes that Bank of America card data suggests consumers are facing "funflation" in the prices they pay for their hobbies at arts and crafts stores, hobby shops, outdoor recreation service providers and retailers that specialize in activities including hiking, camping, skiing and […]

FIRST ON FOX: Chairman Jason Smith, R-Mo., and the House Ways and Means Committee are pressing the IRS to strip a California nonprofit of its tax-exempt status, alleging the Middle East Children's Alliance has ties to organizations linked to a Foreign Terrorist Organization and the Neville Roy Singham's pro-CCP network, citing increasingly opaque foreign grant disclosures.In a letter to Internal Revenue Service CEO Frank Bisignano, Smith and all GOP members […]

SpaceX’s massive Starship rocket blasted off from Texas Monday morning on its most ambitious test flight yet, aiming for a roughly 10-hour mission that would have sent the spacecraft around Earth six times, though the company ultimately decided to end the flight earlier than planned.Minutes into the uncrewed spacecraft's ascent, the rocket lost one of its engines, throwing into question whether the test flight would abandon its goal of reaching […]