Business

President Donald Trump threatened Monday to impose 50% tariffs on Canadian-made vehicles, auto parts and steel beginning in January 2027, accusing Canada of "ripping off" the United States for years.Trump issued the warning in a Truth Social post, writing, "WE DON’T NEED CANADA, THEY NEED US!""Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life […]

A coalition representing immigrant-owned grocers is targeting New York City in a lawsuit over democratic socialist Mayor Zohran Mamdani's plans to open multiple government-owned grocery stores in the Big Apple, a government intervention that is expected to cut into the profits of regular markets.The lawsuit was expected to be filed Monday at 8 a.m. ET, following efforts to resolve the solution out of court.The coalition, which argues that the plan […]

The Trump administration is preparing to launch what Treasury Secretary Scott Bessent called an "economic D-Day" against Iran, escalating pressure not only on Tehran but also on foreign governments, financial institutions and businesses that continue providing the country with economic lifelines.The campaign could raise the stakes for companies and countries with financial, shipping and energy ties to Iran, as Tehran threatens to treat participation in the U.S. pressure campaign as […]

Representatives for Paramount Skydance and California Attorney General Rob Bonta's office are expected to meet Monday to discuss a potential resolution to the lawsuit seeking to block Paramount's $110 billion acquisition of Warner Bros. Discovery, according to reports.The talks come as the transaction remains on hold under a court agreement and the companies face a March 2027 antitrust trial unless the dispute is resolved sooner.Variety first reported Friday that the […]

President Donald Trump lashed out at Canada early Sunday in his first public comments since trade negotiations between the two countries collapsed, accusing Ottawa of wanting the "benefits of being a State, without being one.""Canada wants the benefits of being a State, without being one!!!" Trump wrote on Truth Social."They have also charged our great farmers, for many years, massive amounts of Tariffs," he added. "No more!!!"The comments come a […]

Minnesota Timberwolves and Lynx co-owner Marc Lore has agreed to sell his controlling stake in the franchises to businessman and limited partner Marc Stad.The deal values the NBA and WNBA franchises at $4.5 billion, ESPN reported.Alex Rodriguez, a 14-time MLB All-Star and FOX MLB studio analyst, said Friday he plans to increase his equity stake in both franchises. Lore, meanwhile, will retain a minority stake. The size of Lore’s and Rodriguez’s […]

Canadian Prime Minister Mark Carney accused the United States on Saturday of making a last-minute "power play" by trying to restrict Canada's ability to strike trade deals with other countries, offering new details about what he said caused negotiations between the two sides to collapse.Carney said the U.S. introduced new demands in the final hours of negotiations involving Canada's other trading relationships, its auto sector and protections for Canadian culture […]

President Donald Trump’s effort to bring down grocery prices by increasing foreign beef imports is sparking resistance from Republicans in ranching states, who warn American producers could pay the price.Trump announced Friday on Truth Social that the U.S. will allow up to 300,000 metric tons of ground beef to enter tariff-free over the next 90 days, a move he said would lower consumer prices while giving American ranchers time to […]

Building wealth may have less to do with looking rich and more to do with resisting the pressure to spend like you're rich."The Frugal Rich" founder JC Rodriguez joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the habits he has observed among everyday millionaires, along with saving, investing and how young people can approach major financial decisions.Rodriguez said a common trait among the wealthy people his content […]