Expert calls on Powell to lower interest rates: ‘At some point’ they have to
Former JPMorgan Chase chief economist Anthony Chan provides analysis of interest rates as Jerome Powell faces pressure to make a cut.
Bumble announces major layoffs affecting 30% of employees as company restructures
Dating app company Bumble Inc. disclosed on Wednesday that it will trim its headcount by 30%, meaning roughly 240 people will lose their jobs.
FOX Business Briefs 6/26
President Donald Trump considers naming next chair of the Federal Reserve early; latest Disney layoffs hit product and tech team; Shell denies it’s in talks to buy rival BP in potential blockbuster oil deal; X to prohibit hashtags in advertisements.
Gordon Chang: It's time for President Trump to impose 'severe costs' on the Chinese
Gatestone Institute senior fellow Gordon Chang weighs in on President Donald Trump allowing China to keep buying oil from Iran, the Chinese premier's comments on Beijing's 'mega-sized' consumer economy and more on 'Mornings with Maria.'
Trump was elected to bring back 'common sense' on energy: Secretary Chris Wright
U.S. Energy Secretary Christopher Wright on when President Donald Trump's agenda will unfold, oil production and the state of the U.S. power grid.
US economy shrank 0.5% in the first quarter of 2025 amid tariff uncertainty
The Commerce Department released its third estimate of U.S. gross domestic product for the first quarter and found the economy contracted at an annual rate of 0.5%.
White House pushes back on 'remarkably low' GDP forecasts for Trump-GOP tax bill
The White House disputes the CBO's $2.8 trillion deficit projection for Republican tax package, claiming the analysis understates economic output and productivity growth.
Former MLB star Alex Rodriguez, Marc Lore approved as controlling owners of Timberwolves and Lynx, NBA says
NBA board unanimously approves sale of Minnesota Timberwolves and Lynx to Alex Rodriguez and Marc Lore, concluding a nearly four-year ownership transfer process.
Wall Street panics over prospect of a socialist running New York City
Zohran Mamdani, a democratic socialist, defeated former Gov. Andrew Cuomo in the New York City Democratic mayoral primary race in a surprising victory on Tuesday.
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.'
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.
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.
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."