Business

A familiar face is dominating the exchange-traded fund leaderboard, with more than half of the top 10 ranked by annual gains coming from one firm: Direxion.  "All the Direxion ETFs referenced are magnified bull products and the corresponding underlying indices or individual single stocks that they track are all up +45%+ year-to-date, thus reflecting the strong performance of a magnified bullish view," Ed Egilinsky, managing director at Direxion, told FOX Business.The […]

President Donald Trump moved to calm fears of an escalating trade war with Beijing on Sunday after he threatened to impose 100% tariffs on China’s imports in response to the nation's export curbs on rare earth minerals.Trump's new tariffs on China would amount to a big increase over the current average 55% levy.In a post on Truth Social, Trump said that China’s economic troubles would "all be fine" and insisted […]

A Universal Orlando Resort roller coaster caught fire Friday morning.Hollywood Rip Ride Rockit is in the process of being demolished to make room for a new attraction at the theme park. The small fire occurred on a portion of the ride's lift hill, Orlando Fire Department told local FOX 35 Orlando. The ride closed on Aug. 18. Many of the iconic features, such as the loop, have already been removed and […]

Billionaire Ken Griffin said his hedge fund’s Chicago footprint will shrink to just two floors as crime, taxes, and other challenges push employees to relocate to Miami and New York."Chicago, you know, over the last, unfortunately, over the last six or seven years, has been engulfed in a series of problems," Griffin said at the Citadel Securities Future of Global Markets conference in New York on Oct. 6. MAMDANI’S RISE IN […]

U.S. consumer sentiment held steady in October, though Americans' concerns about the labor market and inflation persisted as the government shutdown began.The University of Michigan's preliminary consumer sentiment survey for October was little changed from last month, coming in at 55 as economists polled by LSEG estimated a more significant decline to 54.2, after the index had a 55.1 reading for September.Michigan's Surveys of Consumers said that "pocketbook issues like high […]

Last Monday, France had a déjà vu moment with yet another French prime minister leaving the job. In this case, it was Sébastien Lecornu, who spent a mere 27 days in the role — a record low since 1958. By late Friday, French President Emmanuel Macron had reinstated Lecornu.Lecornu stepped down amid a parliamentary stalemate over his inability to pass budgets and address other financial matters. It was also the […]

Legendary actress Cloris Leachman's former Los Angeles home is for sale.The 10,595-square-foot home in Brentwood is on the market for $19.9 million in partnership with listing agents Sally Forster Jones and Kathryn Perkins of Compass.According to The Robb Report, Leachman owned the property from 1971 to 2000, but the home she once lived in was torn down and the current six-bedroom and seven-bathroom estate was completed in 2003.In addition to […]

The crypto market was rocked by a dramatic plunge Saturday, marking one of the sharpest single-day drops in recent history and wiping out billions in value, one expert told FOX Business.The sudden collapse followed the U.S. government’s announcement of new tariffs on Chinese tech imports, a move that rattled investors and triggered panic. Joshua Duckett, director of investigations at a crypto forensic firm, said traders had been forced to liquidate positions, […]

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).A Ukrainian crypto trader has been found dead in Kyiv in the wake of a market crash, with officials now treating the incident as a possible suicide, according to local police.Konstantin Galich (better known as Kostya Kudo) was found inside a Lamborghini Urus in […]