Business

As a parent, one thing I often try to emphasize to my kids is the importance of hard work. Study a little bit for a test, and you might walk away with a 95. Study harder, and you could score 100 instead.I'm also no stranger to hard work. There's a reason I spend 40 or more hours a week at my desk as a freelance writer when I could probably […]

Social Security is projected to become insolvent in 2032 and trigger automatic benefit cuts according to the most recent estimates, and Americans are split on the best way to reform the entitlement program to secure its future, a new poll finds.The Ronald Reagan Institute's Reagan National Economic Survey, reviewed exclusively by FOX Business, asked voters how they think Social Security's shortfall should be closed to prevent benefits from being cut […]

A New York business leader is warning that New York City Mayor Zohran Mamdani’s proposed housing plan could drive developers and investors away from the city.FOX Business’ Madison Alworth joined FOX Business’ Stuart Varney on "Varney & Co." to report on Mamdani’s proposal to create 200,000 new affordable, rent-stabilized housing units and preserve another 200,000 over the next decade. The $22 billion plan would include $5.6 billion for the New […]

New York City hotel rates could climb even higher after hotel owners signed what industry officials describe as the most expensive union contract in the industry’s history, locking in major wage increases for workers while raising affordability concerns for travelers and smaller hotels.The agreement, reported by The Wall Street Journal, reached last week to avoid a strike ahead of next month’s FIFA World Cup kickoff, increases hourly pay for most […]

Americans remain optimistic about the country's ability to harness innovation and think it should be easier to build things in America, while they're also skeptical about the government's role in solving the issues confronting the nation, a new survey finds.The findings of the Ronald Reagan Institute's Reagan National Economic Survey, reviewed exclusively by FOX Business, showed that 65% of registered voters were optimistic about American-led innovation in areas like medicine, […]

Walmart is ramping up its private-brand strategy with a major overhaul of its home and hardware categories.The retailer announced Wednesday that it is revamping its hardware department with an exclusive Greenworks Pro tool line and expanded Hyper Tough offerings. At the same time, Walmart says it is launching Mainstays Kids, its first new home brand in five years.Courtney Carlson, a senior vice president at Walmart, told FOX Business that the […]

White House National Economic Council Director Kevin Hassett is expecting inflation to fall further by the end of the year as energy prices ease and economic growth continues to accelerate.Hassett joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss inflation, energy prices, artificial intelligence investment and the broader outlook for the U.S. economy.Hassett pointed to falling Treasury yields and what he described as strong underlying economic momentum as […]

The Congressional Black Caucus is pressuring major corporations across the country to publicly oppose Republican-led congressional redistricting efforts that critics say could weaken Black political representation following a recent Supreme Court ruling on the Voting Rights Act.According to a letter obtained by The Associated Press, the caucus urged more than 250 companies to condemn ongoing redistricting efforts in several GOP-led states and disclose political donations tied to lawmakers backing the […]

BP abruptly removed Chairman Albert Manifold on Tuesday, citing "serious concerns" tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant.The company said Manifold, who had served as chairman for just eight months, was removed effective immediately after the board unanimously concluded he should no longer remain in the role."This follows serious concerns raised to the board related to important governance standards, oversight […]