Business

Artificial intelligence is changing cyberattacks from the work of individual hackers into coordinated operations potentially involving hundreds of autonomous agents, creating a speed problem that traditional human-led cybersecurity systems may struggle to match, according to AI cybersecurity expert Yagub Rahimov.Rahimov, founder and CEO of Polygraf AI, told FOX Business that the emergence of so-called "AI swarms" doesn't necessarily mean a cyber doomsday is imminent, but said organizations need defenses capable […]

A stolen Flock Safety license-plate camera yielded roughly 1.6 million images after hackers physically removed and reverse-engineered the device, but a former Secret Service cybercrime expert says the incident does not appear to have compromised Flock's broader cloud network.Jason Brown, director of customer advisory and counter-fraud lead at threat intelligence firm iCOUNTER, spent 25 years with the U.S. Secret Service and specialized in cybercrime.Brown told FOX Business that the distinction […]

Curbing the federal government's roughly $2 trillion budget deficit would help reduce the affordability challenges American households are facing, a new analysis finds.The nonpartisan Committee for a Responsible Federal Budget (CRFB) published a report on Wednesday detailing how reducing the federal budget deficit over both the near- and long-term could improve affordability issues for Americans through fiscal policy changes involving tax and spending policies.CRFB finds that reducing the deficit can […]

Mortgage rates rose to more than 7% for the first time since January 2025, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.03% from last week's reading of 6.95%.The average rate on a 30-year loan was 6.3% a year ago.AMERICA'S BEST AND WORST CITIES FOR HOUSING AFFORDABILITY RANKEDThe average rate on a […]

Oil prices will rise even higher regardless of whether the Iran war ends, U.S. economic and political commentator Peter Schiff predicted during an interview with Fox News Digital on Wednesday, noting that he expects an economic "downturn."Schiff, chief economist and global strategist of Euro Pacific Asset Management and host of "The Peter Schiff Show" podcast, described the elevated prices as "a tax on the economy," opining, "I don't think it's […]

Starbucks announced plans to close roughly 250 stores across North America this week, company COO Mike Grams revealed Thursday.Grams announced the closure in a public statement, saying that while most of its 18,000 North American stores were profitable, a small portion has been struggling."We have carefully reviewed our North America coffeehouse portfolio and identified locations where we do not believe we can consistently deliver the experience we want for customers […]

Exclusive: Google on Thursday announced a new initiative to partner with veterans groups to help 25,000 veterans, service members and military spouses enter the skilled trades, according to an announcement viewed by FOX Business.Google's announcement will feature a partnership with several prominent organizations that serve veterans around the nation, including Hiring Our Heroes, Student Veterans of America and the Home Builders Institute.The move comes against the backdrop of a shortage […]

Bank of America is expanding its skills-based hiring efforts, announcing Thursday that it will hire 1,000 additional apprentices over the next two years while investing $150 million in workforce development programs.The Charlotte, North Carolina-based bank said the new apprenticeship positions will span consumer banking, technology, operations and other business areas, building on the more than 800 apprentices it already hires each year through paid work-based learning programs."This is one more […]

Sen. Bernie Sanders, I-Vt., and Rep. Greg Casar, D-Texas, are introducing sweeping legislation Wednesday that would permanently ban artificial "superintelligence" and temporarily halt advanced AI development, an effort that has garnered support from several tech industry insiders.The formal rollout of the legislation and an accompanying statement of support from employees at leading AI firms were first reported by The Associated Press.The lawmakers' proposal would establish a new Cabinet-level agency, the […]