FOX Business News

U.S. electric vehicle startups are seeing an unsettling trend, with demand evaporating as potential customers look for deals or hold off on purchases altogether. Quarterly reports from several companies indicated weakening interest for many of their newer products, a bad sign for companies wrestling with high costs. Luxury sedan maker […]

Social media app TikTok, which has been banned from all U.S. government devices amid growing scrutiny over its security, is setting a new default time limit for teens. In the coming weeks, accounts belonging to users under 18 years old will automatically be set to a 60-minute daily screen time […]

Sen. Ted Cruz, R-Texas, on Wednesday said that President Biden’s nominee to serve as the next leader of the Federal Aviation Administration (FAA) is not qualified for the position. During a Senate Commerce committee confirmation hearing, Cruz cited a need for the next FAA administrator to have “decades of experience […]

As the FBI backs up the U.S. Department of Energy’s claim that the COVID-19 virus leaked from a lab in Wuhan, China, and approximately $2 trillion of American money rests in Chinese investments, Sen. Marco Rubio, R-Fla., has warned that “conflict is here.” “The question is whether the conflict becomes […]

Pharmaceutical giant Eli Lilly is capping out-of-pocket costs for its insulin at $35 for patients, effective immediately.  It’s also pledging to cut the price of its most commonly prescribed insulin by 70%. According to the American Diabetes Association, more than 37 million Americans are living with diabetes and 8.4 million […]

Based on data compiled by Credible, mortgage rates for home purchases have fallen for one key term and remained unchanged for three other terms since yesterday. Rates last updated on Mar. 1, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance […]

Two siblings in Texas were arrested Monday after stealing thousands of dollars in merchandise from a local business, authorities said. Destiny Goynes, 22, and her 19-year-old brother, Dexter Goynes, were taken into custody after more than $2,000 in merchandise, including dozens of scented candles, were stolen from a store in […]

Tom Brady retired from the NFL a month ago and on Wednesday announced his brand is going from the gridiron and gymnasiums to the racetrack. Hertz Team Jota revealed it partnered with the legendary quarterback’s apparel line, Brady Brand, as the official apparel partner for the Porsche 963 Hypercar, which […]

The U.S. Postal Service is buying 9,250 Ford Motor Co. electric vans and 14,000 charging stations, taking the first step towards the promised electrification of its mail truck fleet.  To meet an “urgent need for vehicles,” the Postal Service will also purchase 9,250 gas-powered vans from Fiat Chrysler in North […]

A small cryptocurrency consumer advocacy group is launching a campaign against the Securities and Exchange Commission and its crackdown on crypto, FOX Business has learned.  The Digital Currency Trader’s Alliance (DCTA) has launched an online advertising campaign calling on retail investors to lobby their congressional representatives to fight back against […]