foxbusiness.com
foxbusiness.com
Fox Business (officially known as Fox Business Network) is an American pay television business news channel that is owned by the Fox News Media division of Fox Corporation. The network discusses business and financial news.Source
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Trump drops hammer on social media companies’ alleged bias by targeting crucial protection

Trump drops hammer on social media companies’ alleged bias by targeting crucial protection

President Trump argues social media platforms that fact-check their users is an inappropriate political tactic. Get all the latest news on coronavirus and more delivered daily to your inbox.  .Continue Reading Below signed an executive order Thursday giving the broader authority to crack down on  companies while hinting he may be open to shutting down .Trump accused social media companies of having “unchecked power,” acting as editors and publishers of the content on their websites. He said the order would remove their “liability shield” if they engage in censorship.“They’re doing things...

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3d ago
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Target, CVS shut Minneapolis stores after rioters ravage retailers

Target, CVS shut Minneapolis stores after rioters ravage retailers

The National Guard was called into Minneapolis after protests intensified overnight. FOX Business’ Maria Bartiromo with more. Big-box chain and other are closing their Minneapolis stores after  in which the city's major retailers were looted and a police station was set on fire to protest the death of a black man being detained by a white police officer.Continue Reading BelowTarget's site initially listed more than two dozen closures Friday morning out of an abundance of safety for guests and employees but by Friday afternoon, its corporate website whittled the number down to...

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Daniella Genovese
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Trump announces new actions against China over Hong Kong, coronavirus

Trump announces new actions against China over Hong Kong, coronavirus

President Trump vows he will protect America's financial security from China and says Hong Kong has been mistreated by the Chinese government. announced new actions against on Friday related to the passage of a new Chinese security law that weakens Hong Kong’s autonomy, calling it a treaty violation.Continue Reading BelowThe president said the U.S. will crack down on Chinese companies listed on American exchanges. He directed the Presidential Working Group on Financial Markets to examine the practices of those businesses.“Investing firms should not be subjecting their clients to the hidden...

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2d ago
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Target, AutoZone respond to violent Minneapolis protests

Target, AutoZone respond to violent Minneapolis protests

Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com.Business managers are picking up the pieces after rioters in Minneapolis, Minnesota, took to the streets overnight – looting a and setting an AutoZone on fire – while protesting the -involved death of Continue Reading Below set fire to a number of small businesses and chain stores, including a nearby AutoZone, where photographs show rioters surrounding the building as flames grow from within.“These are a series of disturbing and tragic events,” AutoZone spokesperson David McKinney told FOX Business on...

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Stephanie Pagones
3d ago
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Ivanka Trump helps Treasury prioritize $10B funding for minority-owned small businesses

Ivanka Trump helps Treasury prioritize $10B funding for minority-owned small businesses

President Trump's senior adviser Ivanka Trump discusses the actions banks have taken to help give relief to small businesses impacted by the coronavirus pandemic.Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading Below, senior adviser to President Trump, is working closely with the and Small Business Administration to help allocate  in funding for minority-owned small businesses affected by the  pandemic.The Payment Protection Program (PPP) funding will go toward (CDFIs), which have so far received $7 billion in approved funding for 95,000...

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Audrey Conklin
3d ago
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California mulls head tax on big business as Elon Musk, Peter Thiel consider leaving

California mulls head tax on big business as Elon Musk, Peter Thiel consider leaving

Oklahoma Secretary of Commerce and Workforce Development Sean Kouplen on offering a ‘competitive’ proposal to Tesla to open the company’s new factory in his state.Get all the latest news on coronavirus and more delivered daily to your inbox.  .Continue Reading BelowCalifornia lawmakers are considering relief legislation that includes a head on the state’s big businesses at a time when some of its most notable names in Silicon Valley are already contemplating setting up shop elsewhere.The , which was last amended in the California State Senate this week, includes a proposal to impose a tax...

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Brittany De Lea
3d ago
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Coronavirus IRS stimulus payments on prepaid debit cards arriving: What to know

Coronavirus IRS stimulus payments on prepaid debit cards arriving: What to know

Larry Kudlow, White House Economic Advisor, discusses the idea of incentivizing workers with a 'back to work bonus'Get all the latest news on coronavirus and more delivered daily to your inbox.  .Continue Reading BelowThe has sent out more than 150 million , and it is still working to issue more, including millions on prepaid debit cards.About 4 million people can expect to receive their stimulus cash on the preloaded Visa cards, which are being sent in the mail in plain envelopes marked “Money Network Cardholder Services.” They differ from typical debit cards because they are not linked to...

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Brittany De Lea
4d ago
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NBA sued for $1.25M in alleged skipped rent payments

NBA sued for $1.25M in alleged skipped rent payments

Houston Rockets owner and Landry's CEO Tilman Fertitta discusses calling off the NBA season and reopening restaurants amid coronavirus.The has been slapped with a $1.25 million for allegedly failing to pay for its famous New York City on Fifth Avenue in Manhattan for the months of April and May.Continue Reading BelowThe landlord, 535-545 Fee LLC, claims in court papers that NBA Media Ventures LLC missed two monthly rent payments of $625,000 and now owes $1,257,412.96, according to the lawsuit, which was filed Tuesday in federal court in Manhattan. A version of the suit was by Law360.com.In...

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Stephanie Pagones
4d ago
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Facebook CEO Mark Zuckerberg reacts to Trump, Twitter fact-check dispute

Facebook CEO Mark Zuckerberg reacts to Trump, Twitter fact-check dispute

Facebook founder and CEO Mark Zuckerberg says his company has a different policy than Twitter has when it comes to fact-checking. CEO weighs in on President Trump’s public spat with Twitter over its fact-checking policy during an interview airing Thursday on Fox News Channel’s “The Daily Briefing.”Continue Reading BelowZuckerberg told Fox News anchor Dana Perino that Facebook and other social media companies should avoid policing content on their platforms. His remarks came shortly after Trump threatened to take “big action” against Twitter after the platform added fact checks to two of his...

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Thomas Barrabi
4d ago
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Google to give $1,000 to each employee working from home

Google to give $1,000 to each employee working from home

Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com.Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading Below is planning to reopen offices starting July 6, but many employees may continue working from home until September or next year as the has necessitated social distancing.In the meantime, the Mountain View, California-based company will pay each of its employees $1,000 for equipment and office furniture as they continue to work from home, CEO Sundar Pichai announced Tuesday.Google is taking “a gradual,...

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James Leggate
5d ago
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'Game of Thrones' author George R.R. Martin joins group to buy historic railway

'Game of Thrones' author George R.R. Martin joins group to buy historic railway

President Trump and Gavin Newsom are sparring over the state’s scaling back its $77B bullet train.SANTA FE, N.M. — , the famed author of the “Game of Thrones” fantasy series, has joined a group to buy the historic Santa Fe Southern Railroad.Continue Reading BelowViolet Crown owner Bill Banowsky, National Dance Institute of New Mexico co-founder Catherine Oppenheimer and Martin recently purchased the decades-old along the 18-mile (29-kilometer) spur line from Santa Fe to the community of Lamy, the .Passenger to Lamy ended in 2012 and some residents have been seeking ways to get them started...

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6d ago
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Hong Kong media mogul: Trump can hold China accountable by halting tech sales to country

Hong Kong media mogul: Trump can hold China accountable by halting tech sales to country

Next Digital founder Jimmy Lai argues new Hong Kong security laws proposed by China will mean the ‘media will be dead’ and says protesters like himself could possibly be arrested and sent to China for trial. media mogul Jimmy Lai said Tuesday that can help Hong Kong retain its autonomy by being tough on and making sure the U.S. does not sell products to the country.Continue Reading BelowProtests took place in Hong Kong on Sunday after China’s National People’s Congress introduced new national security legislation that would give the Chinese Communist Party more control over the region and...

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Audrey Conklin
6d ago
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Starbucks offers coronavirus leave of absence program for employees with reduced hours

Starbucks offers coronavirus leave of absence program for employees with reduced hours

Starbucks CEO Kevin Johnson on what safety measures are in place as Starbucks locations across the country being to reopen.Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading Below will offer a voluntary leave of absence program for impacted by reduced work schedules during the pandemic, the company said Tuesday.Employees can opt in to the COVID-19 leave of absence policy and go on unpaid leave through Sept. 30, Starbucks Executive Vice President Rossann Williams said posted on the company's website. Workers who choose to enter the program will...

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Thomas Barrabi
5d ago
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Amazon fires back at Biden tax dig: 'We pay every cent owed'

Amazon fires back at Biden tax dig: 'We pay every cent owed'

Amazon is hiring 100,000 more workers to manage online shopping demands and delivery while other retailers are shutting down. FOX Business' Susan Li with more.Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading Below took to Twitter on Friday, firing back at presidential candidate , who accused the tech giant of not paying enough based on its profitability."I've said it before, and I'll say it again: No company pulling in billions of dollars in profits should pay a lower tax rate than firefighters and teachers," Biden tweeted. "It's time for...

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Angelica Stabile
May 24
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Hertz prepares to file for bankruptcy, stock tanks

Hertz prepares to file for bankruptcy, stock tanks

Fox Business Flash top headlines are here. Check out what's clicking on FoxBusiness.com.. has hired an additional adviser to help prepare for a planned , according to people familiar with the matter, as the squeezes the car-rental business.Continue Reading BelowTickerSecurityLastChangeChange %HERTZ GLOBAL HLDGS2.84-0.23-7.49%The Estero, Fla., company, which missed a lease payment last week, has engaged FTI Consulting Inc. to advise on efforts to streamline operations in advance of a possible chapter 11 filing to restructure $17 billion in debt, the people said.Hertz didn't respond to a...

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May 4
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NYC Mayor de Blasio burns Memorial Day beach economy with police threats

NYC Mayor de Blasio burns Memorial Day beach economy with police threats

New York City Mayor Bill de Blasio clarifies coronavirus beach regulations and the NYPD's summer plan approaching Memorial Day Weekend.Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading Below in New York City won’t look quite the same as years past, as the novel pandemic has caused beaches to be closed for large gatherings, sports, celebrating and even swimming.Mayor Bill De Blasio said during a Friday press conference the Parks Department will be the first line of enforcement, with the NYPD around to step in when necessary."Anyone who's unhappy...

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Stephanie Pagones
May 21
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Coronavirus economy is right time for small business owners to double down on marketing

Coronavirus economy is right time for small business owners to double down on marketing

Laso CEO Adam Cohen says the company leverages AI to efficiently ensure banks are protected from fraud. FOX Business' Charlie Gasparino later says problems with the Paycheck Protection Program are reportedly seen as a reason for sharp economic declines. Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading BelowThe 2020 economic crisis shows no signs of letting up. Unemployment may reach double digits for the first time in almost 90 years, customers are scared to spend money, and governments are directly putting many companies out of business.These...

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Dustin Siggins
May 2
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Coronavirus drives up RV rentals, sales

Coronavirus drives up RV rentals, sales

RV rentals have seen historic increases during the coronavirus. FOX Business’ Jeff Flock with more. are on the rise as more Americans opt to hit the open road while traveling during the .Continue Reading BelowRecreational vehicle dealers throughout the country have had as much as a 170 percent increase in sales for the month of May compared to this time last year as Americans crave outdoor travel as coronavirus-induced lockdowns ease in states, according to the RV Industry Association."We know there could be significant changes to how people travel post-COVID, and RVs provide an opportunity...

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Jeanette Settembre
May 21
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Coronavirus protesters offer free haircuts at Michigan Capitol

Coronavirus protesters offer free haircuts at Michigan Capitol

A Michigan group is offering free haircuts in protest of their state’s coronavirus lockdown. Fox News’ Matt Finn with more. Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading BelowLockdown protesters in Michigan found a creative way to express their displeasure with Gov. -related business restrictions Wednesday by offering free haircuts on the Capitol lawn.The event is organized by the Michigan Conservative Coalition, which has staged ."Citizens are tired of being treated like babies,” coalition co-founder Meshawn Maddock said in a statement....

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Evie Fordham
May 20
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April home sales plunge almost 18%, largest decline in a decade

April home sales plunge almost 18%, largest decline in a decade

Real estate mogul Barbara Corcoran discusses how the housing market and American lifestyle will shift along with coronavirus. Get all the latest news on coronavirus and more delivered daily to your inbox.  .Continue Reading BelowThe coronavirus pandemic triggered the biggest drop in U.S. home sales in nearly a decade last month.Sales of existing homes fell 17.8 percent month to month in April -- overall 17.2 percent lower than last year, according to the National Association of Realtors. That puts the annualized pace at 4.33 million units, the slowest since September 2011.The drop in...

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Megan Henney
May 21
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Senate passes bill removing rogue Chinese firms from US stock exchanges

Senate passes bill removing rogue Chinese firms from US stock exchanges

FOX Business’ Charlie Gasparino discusses the effect of coronavirus lockdowns on AT&T's business as well as Senate passage of a bill that mandates stricter oversight of foreign companies trading on U.S. exchanges.Get all the latest news on coronavirus and more delivered daily to your inbox.  .Continue Reading BelowThe has passed a bill boosting oversight of companies based in and other nations that could lead to their removal from American stock exchanges.The vote on the measure, introduced more than a year ago by Sens. John Kennedy, R-La., and Chris Van Hollen, D-Md., comes as Congress and...

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Jonathan Garber
May 20
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New company to make coronavirus drugs in US after Trump awards contract

New company to make coronavirus drugs in US after Trump awards contract

Phlow CEO Eric Edwards discusses manufacturing coronavirus treatments and other critical drugs in shortage in partnership with the U.S. government.Get all the latest news on coronavirus and more delivered daily to your inbox. .Continue Reading Below on Tuesday awarded a , four-year contract to a new pharmaceutical company that will manufacture drugs in the U.S.The  awarded Phlow Corp. with the contract, which may extend to a total of $812 million over 10 years, the company said. The move highlights Trump's efforts to move forward with plans to bring the country's supply chain — mostly in...

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Audrey Conklin
May 19
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Microsoft CEO warns against permanent work from home

Microsoft CEO warns against permanent work from home

Microsoft CEO Satya Nadella warned in an interview with the New York Times on Thursday that making remote work permanent could lead to negative consequences for social interaction and mental health. "What I miss is when you walk into a physical meeting, you are talking to the person that is next to you, you're able to connect with them for the two minutes before and after," Nadella said. While Microsoft was one of the first companies to shift its tech workforce remotely when the pandemic began to spread across the globe, Nadella says that switching to entirely remote offices would just be...

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Lucas Manfredi
May 17
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Texas fears losing oil-rich lands in Chinese takeover of weakened energy companies

Texas fears losing oil-rich lands in Chinese takeover of weakened energy companies

President Trump connects rising oil prices to more U.S. jobs.Plunging prices have wreaked havoc on Texas companies struggling to avoid a wave of that has ravished the industry during the past five years, leaving them ripe takeover targets for rivals from China and elsewhere.Continue Reading BelowNinety-eight exploration and production companies in Texas with $75.7 billion of debt filed for bankruptcy from 2015 through 2020, according to the international law firm .That number is expected to grow even larger after West Texas Intermediate crude oil prices plunged 52 percent this year as...

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Jonathan Garber
May 15
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Varney: How do we 'punish' China for coronavirus? | Fox Business

Varney: How do we 'punish' China for coronavirus? | Fox Business

Close the sidebarFOX Business’ Stuart Varney argues the U.S. is considering the various ways to ‘punish’ China. Get all the latest news on coronavirus and more delivered daily to your inbox. .FOX Business’ , in his latest “,” argues the outbreak has impacted U.S.- relations.“How do we ‘punish’ ?” Varney asked. “We don't like their deceptive response to the virus. We don't like them stealing our . And we don't care for their drive for dominance of key industries. So what do we do about it?”Varney noted several have said they want to take China’s money.“‘Sue 'em,’ says Martha McSally. ‘Don't...

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Catie Perry
May 15
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