Business

Apple is adding a long-awaited device to its product lineup.The tech giant announced the iPhone Duo during its annual fall keynote on Wednesday, marking the company’s foray into the foldable phone space.The iPhone Duo starts at $1,999 and will be available with storage options from 256 GB to 2 TB.The launch is Apple’s attempt to rival previous Android releases of foldables, including the Samsung Galaxy Z Fold and Google Pixel Fold, […]

U.S. Attorney for the District of Columbia Jeanine Pirro announced new sanctions Wednesday against Xinbi Guarantee, an online platform she described as "an illicit scamming marketplace" used by Chinese cybercriminals.According to officials, Xinbi helped facilitate scams targeting Americans by laundering money that victims sent to anonymous individuals online, many of whom were promoting fraudulent cryptocurrency investment opportunities.Tara McLeese, a special agent with the Secret Service, told reporters that one Virginia […]

A senior Anthropic safety researcher said on Tuesday that artificial intelligence (AI) has a greater than 10% chance to "kill all humans" within "the next decade," responding to a former employee who resigned after accusing the company of acting irresponsibly. Former Anthropic and OpenAI researcher Jacob Coxon wrote in a lengthy resignation thread posted to X on Sunday that "the people building AI earnestly believe that it could kill us all […]

Singapore’s prime minister is set to get a whopping 64% pay increase next month thanks to a boost in ministerial compensation. Starting on October 15, Prime Minister Lawrence Wong will see his salary increase to 3.6 million Singapore dollars – roughly the equivalent of $2.85 million USD. Singapore already has some of the world’s highest ministerial salaries. The latest changes to political salaries are the first in 15 years.For ministers and other […]

The housing market is cooling as summer draws to a close and begins to transition into fall, with some cities around the U.S. seeing larger price decreases to attract buyers.Home sellers are moving to meet buyers in the middle with price reductions as high mortgage rates contribute to affordability challenges, particularly in metro areas that saw significant price growth during the pandemic.An analysis by Realtor.com found that the price per […]

The Treasury Department slammed Iran Tuesday by sanctioning 36 targets linked to its aviation sector, which officials said the regime uses to "move weapons, personnel, and illicit cargo." Treasury Secretary Scott Bessent said the Trump administration is taking action under Operation Economic Outcast, where the Treasury "promised severe consequences for those providing financial lifelines to the Iranian regime." "Today, we followed through on that promise with sanctions on companies that continue to support […]

Dallas Mayor Eric Johnson is warning that the rise of socialism poses a "grave threat" to American cities, drawing a sharp contrast between that movement and the pro-business, free-market approach he says has helped Dallas thrive.Johnson joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the rise of socialism in U.S. cities and why he believes it poses a broader threat to the country’s economic future.Johnson, who served […]

Hunter Biden is teasing the launch of a cryptocurrency meme coin inspired by his notorious laptop as his next business venture."$LAPTOP September 9," Biden wrote Monday on X, sharing a video of media reports referencing infamous computer that was left at a Delaware repair shop before its contents were released in an October surprise during the 2020 presidential election.$LAPTOP will launch Wednesday on the Base ledger under Coinbase Global, sources […]

Retail footwear veteran Genesco Inc. is shuttering more than two dozen underperforming stores as part of a broader push to reduce its physical footprint, cut overhead and boost overall profitability.The Nashville-based parent company of Journeys, Johnston & Murphy and U.K.-based Schuh closed 25 retail stores during its second quarter of fiscal 2027. With three new openings, the net reduction brought its total store fleet down to 1,186 – a 5% drop […]