Business

Shares in the manufacturer of Tylenol plunged on Friday following a report that Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. is planning to release a report showing a potential link between the over-the-counter drug and autism.The Wall Street Journal reported that Kennedy's HHS is expected to release a report this month on potential causes of autism that is likely to show Tylenol taken during pregnancy and low levels of […]

Bill Ackman, CEO of New York City-based hedge fund Pershing Square Capital Management, is imploring Eric Adams to drop out of the contentious New York City mayoral race, saying that he doesn't stand a chance against newcomer Zohran Mamdani. "It is time for Mayor Adams to step aside," Ackman posted on X. While he commended Adams, who has been mayor of New York City since 2022, succeeding Bill de Blasio, for doing […]

The Labor Department's August jobs report showed that the number of immigrant workers declined over the last year while job growth among U.S.-born workers accelerated.The Bureau of Labor Statistics (BLS) data for August showed that over the last year the number of employed foreign-born workers – a metric that doesn't differentiate between legal and illegal immigrants, according to the BLS – has declined by 822,000 since last August. In that period, the number […]

Labor experts – including Trump administration top Cabinet members – are putting the blame on the Federal Reserve and Chairman Jerome Powell for the latest disappointing jobs report and signs of a weakening economy."Jerome Powell should be embarrassed by this report because he has not done his job," U.S. Labor Secretary Lori Chavez-DeRemer said on FOX Business' "Varney & Co." Friday.Treasury Secretary Scott Bessent published a Wall Street Journal op-ed […]

It's no secret that college athletics are, for lack of a better term, a mess.The transfer portal is at an all-time high, in large part because it's essentially become a pay-for-play system. It got to the point where President Donald Trump even signed an executive order to set new restrictions on payments to college athletes back in July.In a recent interview with FOX Business, Ohio State athletic director Ross Bjork […]

Stephen Miran, President Donald Trump's nominee for the Federal Reserve Board of Governors, could be confirmed in time to take part in the mid-September rate-setting meeting.Fed watchers broadly expect the central bank to cut rates in September after Federal Reserve Chairman Jerome Powell signaled a softer stance on policy during his Jackson Hole address.The Federal Open Market Committee (FOMC), which will meet on Sept. 16, is the panel that sets […]

OpenAI continues the push toward an artificial intelligence future. After the launch of GPT-5, the company announced a new initiative Thursday to certify people in AI use, partnering with retail powerhouse Walmart to make it happen.In a release, OpenAI CEO of Applications Fidji Simo wrote, "Studies show that AI-savvy workers are more valuable, more productive and are paid more than workers without AI skills. That’s why, earlier this year, we […]

Everybody is going to focus on jobs and the economy tomorrow when the August employment report is published at 8:30 in the morning. The consensus number for non-farm payrolls is 75,000, but all I can say is, don't bet on it. Monthly job forecasts are one big crapshoot.There's roughly 160 million people working in America. So, if you miss your forecast by only one-tenth of 1%, it's a 160,000 miss. So, […]

New Paramount CEO David Ellison on Thursday told staff to return to the office full-time or accept a severance package.Ellison took control of Paramount, parent company of CBS, Comedy Central and the iconic movie studio last month after the Federal Communications Commission (FCC) approved a long-planned merger with Skydance Media. He notified staffers via a company-wide memo that COVID-era work-from-home policies are ending."I believe that in-person collaboration is absolutely vital […]