FOX Business News

A string of recent big stock sales by public companies is boosting confidence among bankers and investors that the drought in IPOs may finally be easing. More than 50 publicly traded companies in the U.S. raised a total of roughly $7.4 billion for themselves or shareholders in February, compared with […]

Transport company CSX says one of its empty coal trains has derailed Wednesday after striking a rock slide in West Virginia, causing a fire and spillage of an “unknown quantity of diesel fuel and oil” from its locomotives.  The incident happened just before 5 a.m, in what state officials described […]

Florida Gov. Ron DeSantis has not entered the 2024 presidential race but at least one donor with deep pockets sure hopes he does. Citadel founder and GOP mega donor Ken Griffin says he would “love” to see the Republican throw his hat into the ring. The billionaire, who famously announced […]

Amid a standoff between House Republicans and President Joe Biden regarding environmental, social, and governance (ESG) investing, recent research by one of Europe’s largest asset managers has shown ESG does little to move markets. The Republican-controlled House passed a measure nullifying the Biden administration’s rule that enables retirement fiduciaries to consider […]

There are a handful of barriers that may prevent patients from being able to attain highly sought-after drugs Wegovy and Ozempic including elevated cost, lack of insurance coverage and availability.  Last year, there was a temporary national shortage of both drugs after celebrities and some notable figures touted their effects […]

Billionaire investor, philanthropist and business leader Ken Langone called out the Federal Reserve under President Biden for not acting on raging inflation that’s hurting average Americans most. “Let me say this to you about Joe Biden, in my opinion, and I’m going to be very, very direct: he thinks he’s […]

SoFi Bank N.A. is attempting to halt the Biden administration’s pause on federal student loan payments.  The private bank argues that the moratorium has no legal basis and has cost the bank.  In a federal lawsuit filed Friday in Washington, SoFi asked a federal judge to overturn the latest extension […]

U.S. regulators are looking into complaints that steering wheels for Tesla’s Model Y vehicles fell off while in use. In a filing posted on their website, the National Highway Traffic Safety Administration (NHTSA) said it’s aware of two incidents in which the wheel detached from the steering column of 2023 […]

TJX Companies has recalled nearly 82,000 office chairs that were sold at its company owned stores nationwide because they can break and cause injuries, according to safety regulators.  The back of the office chairs, which were sold at Marshalls, T.J. Maxx, HomeGoods or Homesense stores, can “break or detach from […]

The Federal Reserve may increase the scope of its interest rate hikes if the economy remains strong and high inflation persists, Fed Chair Jerome Powell told a Senate panel Tuesday. “The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is […]