Business

EXCLUSIVE: Amazon Web Services (AWS) on Monday announced a plan to build and deploy purpose-built artificial intelligence (AI) and high-performance computing for the U.S. government for the first time.AWS' announcement includes a commitment to invest up to $50 billion to expand the AI and supercomputing abilities available to the company's customers in the federal government.The investment is set to begin in 2026 and will add nearly 1.3 gigawatts of AI and […]

Federal Reserve Governor Christopher Waller said Monday that he recently met with Treasury Secretary Scott Bessent to discuss the nation’s economic outlook, amid growing speculation he could be chosen to lead the central bank."I talked to Scott about 10 days ago and we had a great meeting," Waller told FOX Business Network's Edward Lawrence. Waller added that the conversation was "straight about economics" and that his discussions with the administration […]

With a record of nearly 82 million Americans traveling domestically over Thanksgiving, AAA warned there will be crowds and congestion at airports and on roads. To handle what's typically a very chaotic time, experts at AAA advised that travelers arrive at the airport extra early to allow for parking and security. If possible, AAA also suggests that travelers should avoid checking a bag in the event that their flight is canceled.AAA […]

Commerce Secretary Howard Lutnick said Monday the Trump administration is confident it will win its trade case before the Supreme Court, which centers on new tariffs the White House says are needed to defend American manufacturing against unfair foreign competition."Tariffs are going to be a part of this administration's national security and national economic protection of the American people," Lutnick told FOX Business' Maria Bartiromo on "Mornings with Maria." "We are […]

Researchers with a consumer watchdog group said they discovered that an AI-powered talking teddy bear was capable of discussing inappropriate topics, including sexually explicit content and instructions for finding dangerous objects.The $99 Kumma bear, manufactured in China and marketed by Singapore-based FoloToy, is powered by OpenAI’s GPT-4o chatbot. According to a Nov. 13 report from the Public Interest Research Group (PIRG), the bear discussed spanking, roleplay and even BDSM."We were […]

Beef prices have climbed to record highs, and yet Americans keep buying steaks.Economists say that deep-rooted demand is helping drive prices higher and there’s little sign it will ease anytime soon.Glynn Tonsor, a professor of agricultural economics at Kansas State University, told Fox News Digital that strong consumer demand continues to push beef prices upward, regardless of supply fluctuations.TRUMP ORDERS DOJ TO INVESTIGATE MEATPACKING COMPANIES FOR 'ILLICIT COLLUSION' AMID RISING […]

The Internal Revenue Service (IRS) is implementing a Salesforce artificial intelligence (AI) agent program across multiple divisions in the wake of a mass workforce reduction earlier this year, according to a report.The tax-collecting agency will deploy Agentforce in the Office of Chief Counsel, Taxpayer Advocate Services and the Office of Appeals, Salesforce executive vice president of global public sector solutions Paul Tatum told Axios in a report published Friday.The announcement […]

Britain’s reputation as a country full of get-up-and-go seems to have got up and left the kingdom. Much of the blame for that falls on British Prime Minister Keir Starmer and his colleagues, who led the left-leaning Labor Party to an epic victory in the middle of last year, but the landslide win hasn’t been good for the British economy.The truth is that Britain’s primary income deficit — the difference […]

The top executive of Walmart U.S. is getting a promotion.John Furner, who has led the nation’s largest private employer since 2019, will become Walmart’s global CEO in February, overseeing all the company’s international divisions. He will replace Doug McMillon, who announced that he will retire in January after more than a decade leading the retailer.Furner rose from a summer intern working for Walmart in Mexico to being appointed to the […]