Business

President Donald Trump lauded Elon Musk in a Friday afternoon press conference as the billionaire businessman stepped back from the Department of Government Efficiency (DOGE). The president said Musk "has worked tirelessly, helping lead the most sweeping and consequential government reform program in generations." Musk "willingly accepted the outrageous abuse and slander and lies and attacks" while working at DOGE "because he does love our country," Trump said, adding that Americans "owe […]

United Airlines CEO Scott Kirby said flights out of New Jersey's Newark Liberty International Airport this summer will be the cheapest in the airline's history as the airport recovers from air traffic control outages and faces limited capacity with one runway under construction.Kirby said passengers can expect the highest on-time performance at Newark compared to all the New York area airports this summer because the Federal Aviation Administration (FAA) reduced […]

Victoria’s Secret’s website is back online after the retailer had to take it down earlier in the week to deal with a "security incident." The lingerie retailer’s website was operational on Friday."Our website is back online and we appreciate our customers’ patience," a Victoria’s Secret spokesperson confirmed to FOX Business. "We’re happy to welcome customers back to the site and continue to serve them at our Victoria’s Secret and PINK stores."The […]

The reconciliation bill working its way through Congress would eliminate the electric vehicle tax credit created under the Inflation Reduction Act. The removal of the credit, created to incentivize U.S. consumers to purchase electrified vehicles, would likely lead to a drop in EV sales and production. However, Tesla sales would likely remain largely unaffected, one expert predicts."Getting rid of this $7,500 tax credit should not impact [Tesla] sales," automotive expert […]

EXCLUSIVE: A top Republican congressman who has advocated for swift, yet peaceful ends to Latin American dictatorships spoke to Fox News Digital after news broke that the Trump administration will allow Chevron to maintain its assets in Venezuela.Rep. Carlos Gimenez, R-Fla., previously celebrated President Donald Trump’s original move to reverse a deal forged by former President Joe Biden and the regime of Caracas’ dictator Nicolás Maduro that permitted the Texas […]

We're here at the Reagan Library in Simi Valley, California for the inaugural meeting of the Reagan National Economic Forum. But first up, I believe it's necessary to celebrate the memory and the achievements of Ronald Reagan, who I believe was by far the most consequential president in the second half of the 20th century. And indeed, he will go down as one of the greatest presidents in U.S. history. Reagan […]

Tesla CEO Elon Musk on Wednesday announced that his time with the Trump administration as a special government employee has come to an end, and his departure will allow him to refocus his attention on the electric vehicle maker.Musk wrote in a post on X that he appreciated the opportunity to create the Department of Government Efficiency (DOGE) in his role as a special government employee, which was limited to 130 […]

At Home Group Inc., a home decor retailer headquartered in Texas, is reportedly preparing to file for Chapter 11 bankruptcy protection in the coming weeks as it works to strengthen its liquidity.The retailer — owned by private equity firm Hellman & Friedman — has faced a shortage of cash in recent months, exacerbated by the effects of U.S. tariffs and the global trade war, Bloomberg News reported.On May 15, At […]

A longtime Hardee’s franchisee and the fast-food chain are in the midst of a legal battle.Paradigm Investment Group, a franchise of over 25 years with more than six dozen Hardee’s restaurants across Alabama, Florida, Mississippi and Tennessee, hit CKE Restaurants Holdings-owned Hardee’s with a lawsuit in mid-April. In the lawsuit, the franchise claimed Hardee’s has "threatened to take Paradigm’s restaurants without justification for pennies on the dollar." Paradigm said it received a […]