Business

FOX Business has exclusively obtained Treasury Secretary Scott Bessent’s response to Senator Elizabeth Warren’s latest letter about the rise in the 10-year treasury yield. "Happy Indigenous People's Day in advance to you and your family," Bessent handwrote at the end of his scathing letter, mocking her former claim of Native American heritage. The senator has sent more than 100 letters to the Treasury Department asking for information in the past 21 months.Bessent’s […]

An artificial intelligence-focused academy backed by venture capital giant Andreessen Horowitz is betting that a new generation of tech workers may be better served building products and companies than following a traditional four-year college path.The Horowitz Andreessen Academy, a private, in-person program in San Francisco, is recruiting roughly 50 students for a tuition-free Founding Class Fellowship beginning in fall 2027. The academy was incubated by Andreessen Horowitz, also known as […]

An artificial intelligence (AI) model developed by Anthropic submitted a false tip about an unsolved murder through a Philadelphia police website during an automated test.The Philadelphia Police Department said Anthropic notified authorities on Oct. 7 about the incident and explained that the submission resulted from an automated testing process."The tip was flagged as spam and was never forwarded to the Real-Time Crime Center for investigative vetting or dissemination," police said.The […]

Millions of Walmart shoppers who purchased grill-cleaning brushes over the past five years are being urged to stop using them because tiny metal bristles could end up in their food and cause serious internal injuries.Walmart has recalled nearly 4.5 million Expert Grill brushes over concerns their wire bristles can break loose during cleaning and become lodged on grills or in food, potentially leading to injuries that require surgery, according to […]

President Donald Trump announced Friday that Russian President Vladimir Putin agreed to "immediately supply over 300,000 Tons of Diesel Fuel to the American and Global Marketplace, another 500,000 Tons during the month of November, and 1,000,000 Tons immediately thereafter."Trump said the agreement came after the two had a "highly successful discussion." He added on Truth Social, "Additionally, based on the condition of their Diesel Refineries, Russia will then deliver, within a […]

The federal government's budget deficit totaled $2 trillion in fiscal year 2026 as the cost of servicing the nation's more than $40 trillion national debt surged.The nonpartisan Congressional Budget Office (CBO) released data on Thursday showing the federal budget deficit rose to $1.993 trillion in fiscal year 2026, which concluded at the end of September.That figure represents a $218 billion increase from the $1.775 trillion deficit in fiscal year 2025, […]

A string of trucking and freight companies filed for bankruptcy in September as rising fuel, insurance and other operating costs squeeze an industry that plays a critical role in moving goods across the U.S.At least eight transportation-related companies sought Chapter 11 protection during the month, according to bankruptcy documents reviewed by FOX Business, with one trucking company owner pointing directly to diesel and insurance costs as factors behind his filing.Truckload […]

The Hershey Co. has added a new disclaimer to Reese’s Peanut Butter Pumpkins following a legal battle over claims that images on the packaging did not match the actual candy.Packages of the seasonal treat now feature the words "Carving not on actual product" next to an image of the pumpkin-shaped Reese’s with jack-o'-lantern-style eyes and a mouth, according to product images on the official Hersheyland website.The disclaimer appears in small […]

EXCLUSIVE: Tucked quietly away from the grandeur of Mar-a-Lago and the bustle of Worth Avenue lie homes worth hundreds of millions of dollars that are now part of a so-called "shadow" underground real estate market in Palm Beach."If somebody were to come to me today and say, ‘Hey, what else is available that's not outwardly seen?’ Within a few blocks of here, there is a house for $175 [million], $52 […]