Tesla CEO Elon Musk said that when it comes to President Biden, “the real president is the teleprompter.” He made the remarks on a video episode of The All-In Podcast. The White House fired back against billionaire Elon Musk after the tech mogul criticized the Biden administration for a lack […]
FOX Business News
Gas prices reach new record high as GOP senators blame Biden for holding production back
Pennsylvania Senate candidate David McCormick blames President Biden for high gas prices, notes his state’s natural gas reserves and Biden’s regulations holding Pennsylvania back from drilling. Average gas prices in the U.S. reached a new record high Thursday, according to AAA’s gas price calculator, after Republican senators slammed the Biden […]
Colorado man forced to shutter small business due to COVID-19 mandates: ‘Stress was immense’
Jesse Arellano told Fox News Digital how his two restaurants failed — and what he thinks about it all today. Jesse Arellano of Colorado said the government mandates put in place during the COVID pandemic crushed his family’s small business — and he shared a few thoughts as well with […]
Target, Walmart’s inflation warning bad omen for stocks, economy
Phil Blancato and Kevin Paffrath on how to navigate the stock market during record inflation on ‘Making Money.’ Walmart and Target, two of the nation’s largest retailers, confirmed this week that inflation headwinds are intensifying. “The strength of the consumer will be tested as both Walmart and Target signal rising […]
Bidder in Asia buys Basquiat painting from 1982 for $85M
Check out what’s clicking on FoxBusiness.com. Boutique auctioneer Phillips sold a 16-foot-wide, red-and-peach painting by Jean-Michel Basquiat for $85 million in New York on Wednesday. Japanese billionaire Yusaku Maezawa put the untitled 1982 painting up for sale, and an Asian telephone bidder represented by a Phillips representative based in Taipei […]
New York Times delays staff return to office due to COVID-19 hikes
Check out what’s clicking on FoxBusiness.com. The New York Times Co said on Wednesday it is pausing its plan to ask employees to return to office as COVID-19 cases rise in the United States. Ticker Security Last Change Change % NYT THE NEW YORK TIMES CO. 33.33 -0.49 -1.45% Employees […]
Crypto market turmoil not finished yet, SEC’s Gensler predicts
Check out what’s clicking on FoxBusiness.com. WASHINGTON — Securities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month’s implosion of the stablecoin known as TerraUSD. “I think a lot of these tokens will fail,” Gensler told reporters […]
US GDP estimates lowered for 2022 and 2023 by JP Morgan
Check out what’s clicking on FoxBusiness.com. JPMorgan on Wednesday cut its expectation for U.S. real gross domestic product for the second half of 2022 and for 2023. Ticker Security Last Change Change % JPM JPMORGAN CHASE & CO. 120.10 -2.18 -1.78% The firm’s economic and policy research department cut its […]
New York AG launches investigation of social media companies after Buffalo shooting
Check out what’s clicking on FoxBusiness.com. New York Attorney General Letitia James opened an investigation into social media companies on Wednesday after a gunman opened fire at a grocery store in Buffalo over the weekend, killing 10 people and wounding three others. The suspect, 18-year-old Payton Gendron, allegedly livestreamed the […]
Snap CEO Evan Spiegel pays off student debt for Los Angeles art school graduates
Panel on cancelling student debt Snap CEO and co-founder Evan Spiegel is handing out the ultimate graduation gift to the 285 graduates of Otis College of Art and Design in Los Angeles. The nonprofit institution — located in the Westchester area of Los Angeles near LAX — said in an […]