Business

The Federal Reserve is set to announce its latest interest rate decision on Wednesday with the midterm elections less than a week away.Policymakers at the Fed say they avoid letting politics influence their monetary policy moves, and can be hesitant to hike or cut interest rates at meetings that occur ahead of the election.Inflation has remained stubbornly high and the September consumer price index (CPI) data showed inflation rose faster […]

Former President Barack Obama's signature healthcare law is facing criticism from an economist who argues that greater price transparency is needed to bring down healthcare costs for Americans.Heritage Foundation chief economist EJ Antoni joined FOX Business’ Taylor Riggs on "Big Money in the Morning" to discuss rising healthcare expenses and what Republicans could do differently."You cannot have competition, and therefore you cannot have that downward pressure on consumer prices if you don't […]

Lionel Messi's 517 million Instagram followers see the arguable GOAT of soccer celebrating his one and only World Cup victory in his profile picture.But fun fact: the World Cup trophy he is holding actually is not the real trophy.In 2022, Messi and other members of the championship-winning Argentine team celebrated with a replica that is being put up for auction next week.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMJordan Richmond, […]

A new report examining New York state audits found billions of dollars in Medicaid payments lacking required verification, an estimated $11 billion in improper unemployment payments and widespread failures to enforce financial safeguards.The report, produced by the State Financial Officers Foundation and OpenTheBooks.com, reviewed findings from the New York State Comptroller’s Office between 2018 and mid-2026, identifying oversight problems involving Medicaid, unemployment insurance, local governments and affordable housing.Among the largest […]

Tens of millions of tax-advantaged Trump Accounts have been created for American children, with many created automatically, which will require parents and guardians to claim the account for a given child.Trump Accounts are investment accounts created for children under the age of 18, which include a one-time $1,000 contribution from the federal government for citizens born between Jan. 1, 2025, and Dec. 31, 2028. Some additional seed from private donors […]

A historic Los Angeles diner that served customers for more than a century is preparing to reopen after closing last year, with a new nonprofit business model that will direct all of its profits toward homelessness programs.The Original Pantry Cafe, which first opened in 1924, is expected to reopen Nov. 19, according to SFGATE. The downtown Los Angeles restaurant closed in March 2025 after more than 100 years in business.Under […]

A group of senior creditors to JetBlue Airways has reportedly hired financial and legal advisors as the airline faces mounting financial pressure, falling bond prices and rising fuel costs that have complicated turnaround efforts.The creditors are working with investment bank PJT Partners and law firm Akin, according to The Wall Street Journal, which cited people familiar with the matter.JetBlue's roughly $2 billion in senior secured notes due in 2031 fell […]

Anthropic on Monday released the prospectus for its highly anticipated initial public offering (IPO) as the tech giant looks to raise capital to help further its AI ambitions.The company's prospectus shows Anthropic has seen rapid growth over the last year, as well as mounting costs amid deep investment in the infrastructure needed to power artificial intelligence (AI) models.The AI lab's stock will trade on the Nasdaq under the ticker symbol […]

Elon Musk said SpaceX has closed $40 billion in debt financing to purchase graphics processing units for its artificial intelligence operations, highlighting the enormous sums being spent in the race to build AI computing capacity.Musk announced the financing on Sunday, saying SpaceX was able to secure the money because of its investment-grade status and revenue generated outside AI through its Starlink satellite internet and rocket launch businesses."SpaceX closed $40B of […]