Business

Visa and Mastercard announced Monday that they reached a proposed settlement that would lower charges that merchants pay to the credit card networks.While those fees are paid by the store every time a customer makes a transaction, they often get passed onto consumers through higher costs for goods and services. These fees are commonly referred to as swipe fees or interchange fees, which the National Retail Federation (NRF) argued added inflationary […]

As U.S. manufacturers scramble to fill hundreds of thousands of open jobs, China is doubling down on its bid to become the world’s workshop, and industry experts say the stakes couldn’t be higher."If I had one of those big red bells in a fire department, I'd hit it with a hammer. I'd ring the alarm. This is it," Mike Rowe, CEO of the mikeroweWorks Foundation, warned Sunday on "One Nation […]

Texas is cementing its reputation as one of the most business-friendly states in America, and now, it’s written into the state's constitution.Voters approved three pro-business tax amendments on Election Day, ensuring that the Lone Star State can never impose taxes on capital gains, estates or inheritances, and certain securities transactions.While Texas doesn't currently levy these taxes, the new constitutional amendments make that tax certainty permanent, sending a signal to investors […]

Artificial intelligence giant OpenAI on Monday announced a new initiative that aims to make it easier for service members and veterans to use AI tools when they're transitioning from military service to the workforce.The ChatGPT-maker announced that service members within 12 months of separation or retirement from, or any veteran within their first year of leaving military service, can access a free year of access to ChatGPT Plus, the company's subscription-based tool.Katrina […]

Florida authorities recently arrested a man accused of soliciting a child through the popular gaming platform Roblox.The arrest was announced by the Flagler County Sheriff's Office (FCSO) on Nov. 7. The suspect, Brandon Rodriguez-Silva, 20, of San Jose, California, has been charged with transmitting material harmful to minors by electronic device and soliciting a child for unlawful sexual conduct using a computer service or device.According to authorities, Rodriguez-Silva allegedly engaged the […]

The Mega Millions jackpot continues setting records, now offering the eighth-largest jackpot in the game's history."The estimated jackpot for the next drawing on Tuesday, November 11, is a whopping $900 million ($415.3 million cash)," Mega Millions said in a media release on Saturday. As it marches towards the $1 billion mark, it is "only the third time the jackpot has reached this level since the current game record of $1.602 billion […]

Treasury Secretary Scott Bessent warned Sunday that the ongoing government shutdown is taking an escalating toll on the U.S. economy, saying growth could be cut "by as much as half" this quarter if the impasse drags on."We've seen an impact on the economy from day one, but it's getting worse and worse," Bessent said during an interview on ABC's "This Week" program.GOVERNMENT SHUTDOWN THREATENS CRUCIAL ECONOMIC DATA, LEAVING FED — […]

The appeal of socialism remains strong and is expanding, even in America’s capital of capitalism.With democratic socialist Zohran Mamdani’s victory in New York City's mayoral race, the movement has gone mainstream, bringing promises of rent freezes, free child care and a sweeping expansion of government power. Supporters call it compassion; history calls it something else.FOX Business' David Asman took viewers inside the battle of ideas shaping the nation's future in […]

President Donald Trump said Sunday that people who do not support tariffs are "fools" and vowed to use the revenue generated from duties to fund a $2,000 dividend for Americans."People that are against tariffs are FOOLS! We are now the richest, most respected country in the world, with almost no inflation and a record stock market price," Trump wrote in a Truth Social post. "A dividend of at least $2000 […]