Business

With little sign of the federal government shutdown ending anytime soon, House Speaker Mike Johnson, R-La., says partisan gridlock is to blame."This is the first time in history that any party has chosen to shut the government down over a clean [continuing resolution]. They're playing a game, and it's very simple," Johnson said Tuesday on "Mornings with Maria." "Here's the reason why Chuck Schumer and Hakeem Jeffries, the two leaders in […]

Warner Bros. Discovery, which counts CNN and HBO among its assets, announced Tuesday it is for sale amid interest from several suitors.The company previously announced plans to separate Warner Bros. and Discovery Global into two companies but announced that "unsolicited interest" from multiple parties for both the entire company and Warner Bros. gave the board of directors something to think about. "After receiving interest from multiple parties, we have initiated a […]

In a significant win for student loan borrowers, the Trump administration has agreed to a court-supervised plan that will speed up debt cancellation under income-driven repayment programs and protect borrowers from unexpected tax bills next year.The administration and the American Federation of Teachers (AFT) reached the agreement Friday in the AFT v. U.S. Department of Education case, resolving months of legal tension over the government’s obligation to cancel student debt […]

President Donald Trump and Australian Prime Minister Anthony Albanese on Monday signed an agreement on rare earths and critical minerals as the two allies look to stabilize global supplies amid China's efforts to clamp down on its control over the market.Trump and Albanese met at the White House for their first summit and Trump said the deal was negotiated over the past four or five months ahead of the announcement. Albanese said […]

A major U.S. steelmaker is looking to help kickstart domestic production of rare earth minerals amid China's move to block access amid its trade dispute with the Trump administration.Cleveland-Cliffs, a steelmaker headquartered in Ohio, announced the rare earths plan on the company's quarterly earnings call on Monday."Beyond steelmaking, the renewed importance of rare earths has driven us to re-focus on this potential opportunity at our upstream mining assets," said Cleveland-Cliffs' CEO Lourenco […]

An aluminum shortage is forcing a Michigan factory that produces certain Jeep vehicles, including its flagship luxury SUV, to temporarily halt production for several weeks. A United Auto Workers (UAW) source told FOX Business that a shift at the Warren Truck Assembly plant in Michigan is on temporary layoff due to an aluminum supply chain issue. The halt in production is impacting the production of Jeep's Wagoneer and Grand Wagoneer, the […]

Federal officials are investigating a United Airlines flight that was forced to divert to Salt Lake City last week after the plane's windshield was damaged. The National Transportation Safety Board (NTSB) announced in an X post on Sunday that it is investigating a cracked windscreen on United's Boeing 737 Max 8, which was on its way from Denver to Los Angeles.United said in a statement that one layer of its multilayered […]

Traders on prediction platforms Kalshi and Polymarket are betting that the federal government shutdown will last about six weeks, as partisan gridlock shows little sign of easing.While odds on these markets don’t serve as formal forecasts, they do provide a real-time snapshot of trader expectations.According to Kalshi’s market data, traders on average expect the shutdown to continue for roughly 44 days.GOVERNMENT SHUTDOWN 101: WE'VE BEEN HERE BEFORE, HERE'S WHAT HAPPENS […]

Demand for private jets is surging, with Honeywell projecting a record-setting number of new business jet deliveries over the next decade despite ongoing macroeconomic and geopolitical uncertainty.Honeywell, whose most visible divisions are industrial technologies and aerospace, recently published its 34th annual Global Business Aviation Outlook, which estimated that there will be 8,500 new business jet deliveries worth $283 billion, the highest total in the 34-year history of its aviation outlook, […]