Business

Artificial intelligence giant OpenAI on Thursday announced its nonprofit parent will retain control of the company while also gaining an equity stake worth more than $100 billion.The move will allow OpenAI to raise new capital while also making its nonprofit parent company "one of the most well-resourced philanthropic organizations in the world," according to Bret Taylor, chairman of OpenAI's board."This recapitalization would also enable us to raise the capital required […]

President Donald Trump has offered the 300 South Koreans rounded up and detained during an Immigrations and Customs Enforcement (ICE) raid in Georgia the opportunity to stay in the U.S."Each person was allowed to choose, and the U.S. government said essentially, ‘If you want to go, you may go; if you want to stay, you may stay,’" South Korean President Lee Jae-myung said at a news conference Thursday, adding that […]

Roblox said Thursday it had taken down more than 100 experiences referencing Charlie Kirk that violated the online gaming platform's rules after Wednesday's assassination of the Turning Point USA founder at Utah Valley University.A Roblox spokesperson told FOX Business in an email the company’s moderation team began identifying content tied to Charlie Kirk Wednesday after his assassination at Utah Valley University in Orem, Utah. The spokesperson emphasized the platform bans material […]

Nearly 300 retired city employees in a Democrat-led city are reportedly still waiting to receive their pension payments, months after accepting early retirement packages as part of a cost-cutting initiative.At a city council meeting Wednesday, Houston Mayor John Whitmire pushed back against criticism that the Houston Municipal Employees Pension System (HMEPS) failed to issue payments, stressing he has no authority over the fund, according to local news outlet KHOU 11 […]

U.S. drivers are expected to spend the smallest share of their disposable income on gasoline this year than in the past two decades, according to new data from the Energy Information Administration (EIA).The EIA projected that less than 2% of people's personal disposable income will be spent on gasoline in 2025, down from an average 2.4% over the previous decade and the lowest share since 2005, excluding 2020. To get […]

JPMorgan Chase CEO Jamie Dimon is urging caution about the outlook for the U.S. economy amid persistent uncertainty over the impact of tariffs as well as geopolitical headwinds."I think you better be careful on that one [on the economic impact on the U.S.], because some of these things have long cycles. So we don't know yet. People are expecting these things to happen right away. But actually, a lot of them […]

Mortgage rates tumbled this week, posting the largest weekly drop in the past year, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.35% from last week's reading of 6.5%. The average rate on a 30-year loan was 6.2% a year ago."Mortgage rates are headed in the right direction and homebuyers have noticed, as […]

Ford Motor Company said Tuesday it is recalling 1.9 million vehicles globally because of defective rearview cameras that may display inverted, distorted or blank images.The recall — which affects a range of vehicles with model years between 2015 and 2019 — includes the Lincoln MKC, Lincoln Navigator, Mustang, F-250, F-350, F-450, F-550, Edge, Ranger, Expedition, Econoline, Transit and Transit Connect, Reuters reported, citing a filing from the National Highway Traffic […]

Shedeur Sanders may not be playing for the Cleveland Browns, but his popularity is still as high as ever. Sanders, 23, had the fifth-highest jersey sales in the NFL from March 1 to July 31, according to the NFL Players Association.A pair of Philadelphia Eagles superstars topped the list, as running back Saquon Barkley and quarterback Jalen Hurts had the two highest-selling jerseys, respectively. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMWashington […]