Business

New York City Mayor Zohran Mamdani's taxpayer-funded grocery store proposal is reigniting debate over whether government-run businesses can compete over the long term without relying on public subsidies.Barstool Sports founder Dave Portnoy joined FOX Business' Stuart Varney on "Varney & Co." to weigh in on Mamdani's proposal, which has sparked debate over whether taxpayer-funded grocery stores could reduce food costs for consumers while remaining financially sustainable.Portnoy said he was initially […]

The development of a skyscraper in New York City that will house Ken Griffin's Citadel is moving forward despite his feud with New York City Mayor Zohran Mamdani.The skyscraper project at 350 Park Avenue is being developed by Griffin's Citadel in partnership with Vornado Realty Trust and Rudin, and will see two of Griffin's firms being anchor tenants.Steven Roth, CEO of Vornado Realty Trust, said on the company's earnings call […]

A small Nantucket business is at the center of a social media storm after posting a sign declaring "No Influencers," igniting a fierce online debate over tourism, entitlement and the growing power of social media personalities.Barstool Sports founder and Nantucket homeowner Dave Portnoy joined FOX Business’ Stuart Varney on "Varney & Co." to weigh in on the viral controversy, arguing that the issue is not with all online creators but […]

A detached portion of a SpaceX rocket collided with the moon Wednesday morning, a NASA official confirmed to Fox News Digital.The impact was made by the 8,818-pound upper portion of a SpaceX Falcon 9 rocket while traveling at a speed of 5,400 mph, according to Reuters.The rocket stage is "expected to create a crater about 60 feet wide and 12 feet deep and throw dust and rock outward as ejecta," […]

Companies in the private sector added 44,000 jobs in July, payroll processing firm ADP said in its latest report on Wednesday.The figure is below economists’ estimates of a gain of 70,000 jobs and down from the prior month's revised 95,000 payrolls figure."Job-changers are highly sensitive to real-time economic conditions, and their rapid pay growth implies supply constraints in parts of the labor market," said Nela Richardson, ADP's chief economist. "Typical […]

Some government regulations have become outdated. Others become absurd. The FCC's national television ownership cap has become both. For decades, Washington banned local television broadcast groups from reaching more than 39% of American households. The rule was built for a media world from the last century — a world of limited viewing options, a handful of networks, a captive audience with nowhere else to turn.That world no longer exists.Americans now […]

California Republican gubernatorial candidate Steve Hilton is warning that a proposed billionaire tax would further strain the state's economy, arguing that California is already losing businesses, investment and tax revenue as residents grapple with high costs.California gubernatorial candidate Steve Hilton joined FOX Business' Maria Bartiromo on "Mornings with Maria" to discuss the proposal, which opponents say could drive more wealthy residents and employers out of the state if enacted."It's already […]

A new report by LinkedIn ranked the top 50 colleges in the U.S. based on how they prepare students for long-term success in their careers, using a range of factors that leverage the career networking platform's data.The report uses LinkedIn data to rank colleges based on five categories: job placement, internships and recruiter demand, career success, network strength and knowledge breadth.The job placement data tracks cohorts of recent graduates from […]

President Donald Trump's administration is facing 25 new lawsuits from Democrat-led states over his latest round of tariffs on Monday.New York Attorney General Letitia James is leading the joint lawsuit, arguing the tariffs handed down last month are a thinly-veiled attempt to circumvent the Supreme Court's ruling against Trump's earlier import tariffs."After losing at the Supreme Court, the administration is once again trying to illegally raise taxes on families and […]