Trump Media & Technology Group CEO Devin Nunes predicts the number of fake Twitter accounts is closer to 95%. After Elon Musk’s Twitter bid was reportedly put on hold over threats around a lack of information regarding fake accounts, Trump Media & Technology CEO Devin Nunes backed the billionaires’ concerns […]
FOX Business News
Americans expect rent hikes to outpace home price appreciation over the next year: NY Fed
As limited inventory continues to plague the housing market, rental prices are forecasted to surge at an all-time high, according to a New York Fed survey. (iStock) Amid rising inflation and housing costs in the U.S., Americans predict rental values will continue to skyrocket while home purchase prices will level […]
Stock futures choppy ahead of consumer inflation reading
Financial experts Kenny Polcari, Phil Blancato and Mark Newton provide insight on investing in the stock market on ‘Making Money with Charles Payne.’ U.S. equity futures traded cautiously ahead of a much anticipated key reading on inflation. The major futures indexes suggest a mixed opening when trading begins on Wall […]
Inflation likely remained scorching hot in May
Sen. John Barrasso, R-Wyo., discusses how Americans are impacted by 40-year-high inflation under the Biden administration. Economists are searching for evidence that inflation has peaked and sky-high prices are finally starting to fall, but they are unlikely to find much good news in a key report that will be published […]
Facebook rethinks news deals and publishers could lose millions
Check out what’s clicking on FoxBusiness.com. Meta Platforms Inc.’s Facebook is re-examining its commitment to paying for news, people familiar with the matter said, prompting some news organizations to prepare for a potential revenue shortfall of tens of millions of dollars. The company has paid average annual fees of more […]
Stitch Fix cuts jobs, revenue forecast miss sends shares plunging
Check out what’s clicking on FoxBusiness.com. Stitch Fix Inc is cutting around 15% of salaried positions as part of a plan to return to profitability. Shares of the online personalized styling service firm plunged 16% after hours. The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York. (Photographer: […]
Massachusetts gas station owner stops selling gas in protest of record high prices
FOX Business’ Jeff Flock reports on record-high gas prices. As gas prices around the country hit record highs, one gas station owner in Massachusetts has drained his tanks in protest. “It’s hard enough for people to put groceries on their table after working in the factory or wherever they work […]
On ‘American Dream Home,’ a couple seeks a permanent Florida vacation
Host Cheryl Casone helps couple Rafael and Terrie find their dream home in Cocoa Beach, Florida, on ‘American Dream Home.’ A lot of data is coming out that’s pointing to a potential slowdown in the housing market. One of the largest price appreciation stories we’ve seen since the pandemic began […]
Caesars announces multiyear partnership with Peyton Manning’s Omaha Productions
Check out what’s clicking on FoxBusiness.com. Hall of Fame quarterback Peyton Manning is taking Omaha Productions to the next level. Caesars Entertainment announced a multiyear “strategic partnership” with Manning’s production company on Thursday that will include launching a new full-service audio production network that will feature several live event series […]
Battery shortage is affecting U.S. energy, drive to replace fossil fuels with other sources
Aveva CEO Peter Herweck discusses the source of his industrial software company’s growth, explains how its operations help clients and assesses the tight labor market. U.S. renewable energy developers have delayed or scrapped several big battery projects meant to store electrical power on the grid in recent months, scuttling plans […]