Paramount slashes jobs as streaming wars intensify
Paramount Global is slashing its U.S. workforce by 3.5% as it takes "hard, but necessary steps to further streamline" the company, according to a memo obtained by FOX Business.
OpenAI says this state will play central role in artificial intelligence development
OpenAI executives told business and civic leaders in New York that the city and state can play a central role in the development and adoption of artificial intelligence.
Fox Business Briefs 6/10
Paramount Cutting Another 3.5% of Its domestic workforce; JoAnn, Macy's part of retail closure surge; DSW store chain owner pulls outlook as sales fall; Small biz owners are feeling better about the economy.
LA Apple Store looted in anti-ICE riots
Anti-ICE rioters looted an Apple Store in Los Angeles Monday night into Tuesday. (Brendan Gutenschwager via Storyful)
Former FBI agent says LA mayor might as well 'get down on the ground' with the rioters
Former assistant FBI director Chris Swecker weighs in on the LAPD chief and Mayor Karen Bass' responses to anti-ICE rioters on 'The Evening Edit.'
Apple questions the capabilities of AI reasoning models in new paper
Spear Invest founder and CIO Ivana Delevska analyzes Astera Labs and discusses the future of A.I. on 'Making Money.'
Amazon plans to invest $20B in AI data centers across Pennsylvania
FOX Business' Madison Alworth reports from Berwick, Pennsylvania, where tech giant Amazon is making a major monetary commitment to AI and data centers.
Crypto community raising red flags around growing 'wrench attacks'
FOX Business' Lydia Hu reports on cryptocurrency investors getting hit by 'wrench attacks' in efforts to steal their funds.
Warner Bros. Discovery announces major corporate restructuring to separate streaming from cable
Warner Bros. Discovery plans to split into two companies by separating its studios and streaming from cable TV networks to better compete in the evolving media landscape.
Amazon announces $20B investment in rural Pennsylvania for AI data centers
Amazon's $20 billion investment in a Pennsylvania AI data center marks the state's largest corporate investment amid nationwide infrastructure expansion.
Trump, Musk feud 'isn't a good thing for shareholders,' Jeff Sica warns
Jeff Sica of Circle Squared Alternative Investments discusses whether a reconciliation is needed between Elon Musk and President Donald Trump, the feud's impact on Tesla shares and expectations for Apple's Worldwide Developers Conference.
Apple to tease 'a brand new user experience': Ray Wang
Constellation Research founder R 'Ray' Wang previews Apple's developers conference and analyzes the tech company's stock price target.
US stock market is the best asset in the world for equities: Brian Belski
BMO Capital Markets chief investment strategist Brian Belski analyzes the stock market's 'remarkable' recovery on 'Making Money.'
Google stock has 'a lot of fear' related to the DOJ, investor says
Evercore ISI senior managing director Mark Mahaney analyzes Google and explains why Uber is set to 'outperform' on 'Varney & Co.'
Nintendo Switch 2 hits store shelves
FOX Business' Lauren Simonetti breaks down the release of the Nintendo Switch 2 and speaks to shoppers waiting in line to get the new console.
Federal judge halts Florida's social media ban for kids
The federal court blocks Florida’s HB 3, a law limiting social media access for youths, citing constitutional free speech protections in its injunction.
FOX Business Briefs 6/3
Meta goes nuclear to power AI; CVS store closings; More shoppers are buying from Dollar General; Journalism opens as favorite for Belmont Stakes.
Trump's Golden Dome won't be 'as expensive,' will be 'much more effective' than critics believe: Palmer Luckey
Anduril Industries founder Palmer Luckey details the recent partnership with Meta, technology boosting border security, collaboration on the 'Golden Dome' and military space capabilities in an exclusive 'Mornings with Maria' interview.
Rep. Kat Cammack touts App Store Freedom Act
Rep. Kat Cammack, R-Fla., discusses her App Store Freedom Act and how it would promote consumer choice in how they access and interact with apps on their devices.
Freezing temperatures and embracing failure: A successful formula for Finland’s tech success
Finland's data centers leverage cold climate for efficiency, providing community heating benefits and supporting a thriving tech and startup ecosystem.