Business

Florida Gov. Ron DeSantis detailed the next regulatory steps for the state’s effort to eliminate property taxes on primary residences in Florida."People are being pinched across the economy in a lot of things," DeSantis said on FOX Business’ "Varney & Co." Friday. "We're doing fine at the state [level], but the local property taxes are hurting people.""The reality is these local governments have overspent, and people are paying more and […]

The Federal Reserve's preferred inflation gauge showed that consumer prices remained elevated in September, ahead of the central bank's policy meeting next week.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% in September from a month ago and is up 2.8% from last year. Those figures were in line with the estimate of LSEG economists. Core PCE, which excludes volatile measurements of food and energy prices, was […]

Netflix agreed to buy Warner Bros. Discovery in a $72 billion deal, the streaming service announced on Friday.  Under the deal, Netflix will acquire Warner Bros. Discovery's film and television studios and streaming platform, HBO Max. Franchises, shows and movies such as "The Big Bang Theory," "The Sopranos," "Game of Thrones," "The Wizard of Oz" and the DC Universe will join Netflix’s extensive portfolio. The cash-and-stock deal is valued at $27.75 […]

Canadian Prime Minister Mark Carney's office confirmed he will meet with President Donald Trump on Friday when both leaders are at the Kennedy Center for the Performing Arts to attend the final draw of next year’s FIFA World Cup that the United States, Canada and Mexico will host.It could lead to their first discussion about the Canada-U.S. relationship since Trump abruptly ended trade talks in October in response to an […]

A trio of Democrat senators introduced legislation on Thursday to require airlines to provide passengers with cash compensation and free rebooking for hourslong flight delays.Sens. Mark Kelly, D-Ariz., Richard Blumenthal, D-Conn., and Ed Markey, D-Mass., proposed the measure, which has been co-sponsored by more than a dozen other Democrat senators.Under the bill, dubbed the Flight Delay and Cancellation Compensation Act, airlines would need to pay passengers $300 if their flight […]

A U.S. safety agency has opened an investigation into Waymo, after its autonomous vehicles were allegedly caught driving past stopped school buses in Austin, Texas, according to a letter sent by the National Highway Traffic Safety Administration (NHTSA) to the company on Dec. 3.In a statement to FOX Business, Austin Independent School District (AISD) police said Waymo self-driving vehicles have been cited 20 times as of Monday, and that the […]

Texas Lt. Gov. Dan Patrick, a Republican, proposed a state program to give every baby born in the Lone Star State $1,000 invested in the stock market, an idea he said was inspired by a federal plan created as part of President Donald Trump’s spending bill earlier this year."If I see a great idea from the President that helps Texans, my first question is always, 'why not do it in […]

Meta is dialing back its metaverse ambitions and redirecting resources toward AI-powered glasses and wearable technology, the company told FOX Business on Thursday.The shift follows reports that Meta could slash as much as 30% from its metaverse group, an area CEO Mark Zuckerberg has previously touted as the company’s future.While the tech giant did not confirm specific figures, the company said adjustments would take place within Reality Labs, its division responsible […]

Dollar General announced Thursday it will open hundreds of new U.S. stores in 2026 as the discount retailer continues to expand its footprint, particularly in rural markets.During the company's third-quarter 2025 earnings call, the Tennessee-based retailer said it is planning to open roughly 450 new U.S. stores, along with about 10 new stores in Mexico, as well as around 20 relocations and 4,250 store remodels."Our first priority is investing in […]