FOX Business Briefs 6/25
More homeowners find themselves underwater; mortgage rates rose slightly; FedEx expects its business to take a hit because of tariffs on imports from China; gas prices are down for the summer driving season.
Charlotte drops Tesla from approved city vehicle list, alleging safety issues and lawsuits
Charlotte City Council removed Tesla from its approved vehicle manufacturers list, citing safety concerns and issues with owner Elon Musk despite data showing Teslas are generally safer.
Trump tax bill 'powerfully' reduces federal deficit in profound economic shift: Stephen Miran
Council of Economic Advisers Chairman Stephen Miran explains how President Donald Trump's tax bill will spark growth and reduce debt on 'Making Money.'
Bond vigilantes realize the Fed is on wrong side of history: Jim Thorne
Wellington-Altus Private Wealth chief market strategist Jim Thorne argues the Federal Reserve will have to dramatically cut interest rates in the back half of 2025 on 'Making Money.'
Jeff Bezos and Lauren Sanchez tell wedding guests 'no gifts' for their Venice celebration
Soon-to-be-wed Amazon founder Jeff Bezos and fiancee Lauren Sanchez reportedly don’t want gifts from their wedding guests and have said they will donate to organizations in Venice.
Stock market is taking an 'easy stroll' towards an all-time high: Charles Payne
'Making Money' host Charles Payne explains why the U.S. stock market could sizzle this summer.
NYC dem socialist Zohran Mamdani wins primary election: What is his economic agenda?
New York mayoral candidate and democratic socialist Zohran Mamdani's platform includes a $30 minimum wage, higher taxes on corporations and affordable housing initiatives.
Pace of innovation is accelerating: Lou Basenese
'The Big Money Show' panel discusses China looking to close the artificial intelligence advancements gap with the U.S.
Lawmakers grapple with questions of safety vs speed in AI race with China
Bipartisan lawmakers stressed U.S. dominance in AI development over China, as witnesses highlighted the need for smart guardrails to balance safety with technological advancement.
Nvidia shares to see a boost amid AI demand: R 'Ray' Wang
Constellation Research found R 'Ray' Wang breaks down Micron's anticipated earnings report and his expectations for Nvidia's annual shareholder meeting.
NTSB blames Boeing, FAA in terrifying Alaska Airlines door blowout
The National Transportation Safety Board found Boeing and the FAA responsible for "multiple system failures," leading to Alaska Airlines' door blowing off mid-flight last year near Portland, Oregon.
NTSB Chairman says there's only one reason why Alaska Airlines flight avoided catastrophe following door blowout
NTSB Chairman Jennifer Homendy said on Tuesday that the Alaska Airlines door blowout incident in January 2024 was caused by "multiple system failures," adding that the crew was the sole reason why the aircraft avoided complete catastrophe.
Microsoft plans 'substantial' job cuts across Xbox division
Xbox managers expect substantial job cuts across the gaming division next week as Microsoft continues streamlining processes following its $69 billion Activision Blizzard acquisition.
Trump evolved into a 'great politician': Charlie Gasparino
'The Big Money Show' panel discusses President Donald Trump's high-stakes NATO speech after brokering an Israel-Iran ceasefire deal.
Gen. Keane rips leak of Iran strike intel: 'It's sad stuff'
Fox News senior strategic analyst Gen. Jack Keane (ret.) on President Donald Trump's remarks on the success of the strikes against Iran's nuclear sites, intel report leak and the increase in defense spending from NATO members.
Three Mile Island set to reopen in 2027, one year ahead of schedule
FOX Business' Madison Alworth reports from Middletown, Pennsylvania, on the demand for nuclear energy as the Three Mile Island nuclear plant is set to reopen in 2027.
Trump warns Spain: Pay up for defense or pay 'twice as much' in trade negotiations
President Donald Trump slams Spain as NATO's "only country that won't pay up" to the 5% defense spending target, warning of trade repercussions while the alliance pushes for increased military funding.
Trump slams Fed Chair Powell for not cutting rates: 'Average mentally person'
President Donald Trump on Wednesday criticized Federal Reserve Chairman Jerome Powell for keeping interest rates too high, calling the central bank chief an "average mentally person."
These popular Fourth of July foods will cost more this year
American Farm Bureau Federation reports Fourth of July barbecue costs staying "stubbornly high" at $7.09 per person due to inflation and reduced food availability.
Varney: Trump is bending Europe to his way of thinking
FOX Business' Stuart Varney weighs in on President Donald Trump attendance at a NATO conference after imposing a ceasefire and successfully encouraging world leaders to increase defense spending.