The Federal Reserve is widely expected to deliver another interest rate hike on Wednesday, resuming its campaign to jack up borrowing costs and crush inflation after a brief pause in June. The projected quarter-percentage point hike would set the federal funds rate between 5.25% to 5.5%, further restricting economic activity […]
FOX Business News
Microsoft corporate AI copilot charges $30 monthly fee
Microsoft Corp. announced new corporate artificial intelligence tools earlier this month that work with its software. Microsoft 365 Copilot will cost users an additional $30 per month for Microsoft 365 E3, E5, Business Standard and Business Premium customers. The tech giant said it would share more on timing in the […]
Elon Musk suggests tweets will now be called ‘X’s’ amid rebrand
Billionaire Elon Musk suggested Monday that tweets will be called “X’s” amid the platform’s rebrand. “So now that Twitter has been rebranded to X, what are tweets called now?” Sawyer Merritt said in a tweet. Musk replied: “X’s.” “Instead of retweet, what’s the new name? ReX’d?” asked Tesla Owners Silicon […]
Student loan borrowers took on new debt during payment pause: report
As part of pandemic-relief efforts, the Education Department paused student loan payments and interest accumulation for millions of borrowers. But many took on new debt during that time and could soon be required to add student loan payments to their budgets, according to a study by TransUnion. “These borrowers will […]
Keen-eyed historians notice apparent error in ‘Oppenheimer’ film
Some keen-eyed fans noticed an apparent error in the highly anticipated war film “Oppenheimer,” the Christopher Nolan-directed and Cillian Murphy-led film which chronicles the life of physicist J. Robert Oppenheimer and the rise of the atomic bomb. Without spoilers, the possible error is evident during a scene where Oppenheimer, played […]
GOP congressman slams Biden energy officials over new water heater standards: ‘Leave us alone’
Rep. Thomas Massie, R-Ky., told off the Department of Energy over the weekend for new proposed energy efficiency standards on water heaters, which he said could be costly for consumers. “Leave us alone,” Massie wrote on X (formerly known as Twitter) in response to the Biden administration’s proposed requirement for […]
AI technology unlikely to fully replace financial advisors: Morningstar
The rise of generative artificial intelligence (AI) technologies may have a significant impact on the wealth management industry, but human financial advisor roles are unlikely to be automated away according to one major financial services firm. While AI has the capacity to rapidly provide financial insights by researching the vast […]
Amazon, FedEx, US Postal Service prep as potential UPS strike looms
Shipping giants such as Amazon, FedEx and the U.S. Postal Service are gearing up for a potential strike at United Parcel Service (UPS) that could begin on Aug. 1 if the company’s negotiations with the Teamsters union fail to yield a deal. UPS and the Teamsters union are set to […]
Former Home Depot CEO says US businesses have ‘more uncertainty now’ in more than 50 years
With economic pressure at the forefront of voters’ minds, one American business leader warned President Biden about being “overconfident” on U.S. fiscal health. “I’ve been at this for 52 years, and I think that I see more uncertainty now than I’ve ever seen in our country in running corporations across […]
Gas prices may spike as much as 10 to 25 cents this week in some states
Consumers may need to prepare to spend more for a gallon of gas tied to the rising cost of oil and heat-induced refinery outages as temps across the nation soar to the highest of the summer this week. GAS PRICES SPIKE AMID HIGH OIL PRICES: AAA The national average price […]