Business

The state of Hawaii filed a lawsuit Wednesday against ByteDance Inc., alleging the TikTok parent company built the platform to be dangerously addictive for young users and misled the public about the harms it poses.A 106-page complaint, filed in Hawaii's First Circuit, claims TikTok’s business model is built on compulsive use, with programmers structuring the platform to keep its more than 150 million U.S. users engaged for as long as […]

The Trump administration has urged the U.S. Supreme Court to hear Bayer's case aimed at stopping thousands of cancer lawsuits over its Roundup weedkiller. Bayer CEO Bill Anderson joined "The Claman Countdown" and said the government’s support could make the difference in the case. "This is a really important topic for farmers, for American consumers and, frankly, for food security in America," Anderson said Wednesday during an exclusive interview with Liz Claman. Bayer, […]

Fanatics, the leading global sports platform, is entering a rapidly growing sector filled with demand — prediction markets.Fanatics Markets, a simply, user-friendly prediction market platform, was announced on Wednesday. It will allow consumers to trade on moments shaping sports, finance and culture.While Fanatics is one of the major players in the sports betting space, a prediction market is an entirely different space given the vast sectors people can choose to […]

Agriculture Secretary Brooke Rollins on Tuesday threatened to withhold SNAP funding from states that don't provide the government with data about the immigration status of recipients.Rollins said during a Cabinet meeting that the Trump administration's request from February is intended to root out fraud in SNAP benefits, also known as food stamps, to protect benefits for those who need them and also ensure taxpayer dollars aren't wasted.She said that 29 Republican-led […]

Rep. Anna Paulina Luna, R-Fla., filed a discharge petition on Tuesday in a bid to force a vote on a proposal to ban lawmakers, their spouses and dependent children from owning and trading individual stocks."Today WE introduced the bipartisan legislation that will ban members of Congress from being able to partake in the insider trading cartel happening here in the House of Representatives. We had to do it via discharge […]

Hundreds of thousands of cases of cheese sold nationwide are being recalled over the possibility that they may be contaminated with metal fragments.  Ohio-based Great Lakes Cheese Co. Inc. recalled seven cheese products that were shipped to major retailers, including Target, Walmart and Aldi throughout 31 states, because there are possible metal fragments in the product from one of the company's raw material suppliers.FOX Business reached out to Great Lakes […]

The chairman of the U.S. Securities and Exchange Commission, Paul Atkins, said the agency is tightening scrutiny of Chinese firms in U.S. markets, stressing the need to ensure "our rules… are complied with and that our laws are complied with," particularly as companies "operating in China" list shares in America."That's very important for us to focus on and not lose sight of," Atkins told FOX Business' Maria Bartiromo from the […]

President Donald Trump suggested Tuesday that Americans may "not even have income tax to pay" in the near future, saying tariff-driven revenue could allow for the historic elimination of the federal income tax under his tenure.Trump told a press gaggle after his cabinet meeting that "at some point in the not too distant future you won’t even have income tax to pay," arguing that revenue the government is collecting under […]

The Food and Drug Administration (FDA) issued a stark warning Tuesday about malfunctioning blood glucose monitoring devices that may have contributed to seven deaths and hundreds of serious injuries.Medical equipment manufacturer Abbott also alerted users and health distributors last Monday, urging them to immediately stop using or dispose of all FreeStyle Libre 3 Sensor and FreeStyle Libre 3 Plus Sensor devices.The FDA described the issue as a "potentially high-risk" problem."As […]