Business

10 hottest rental housing markets in the US this summer

Americans around the country continue to face a tight housing market and a new report breaks down the hottest rental markets with summer fast approaching. An analysis by Zillow finds that the majority of the nation’s most in-demand rental markets will be found in the Northeast and California this summer…

Business leader sounds alarm over Mamdani’s NYC housing proposal

A New York business leader is warning that New York City Mayor Zohran Mamdani’s proposed housing plan could drive developers and investors away from the city. FOX Business’ Madison Alworth joined FOX Business’ Stuart Varney on “Varney & Co.” to report on Mamdani’s proposal to create 200,000 new affordable, rent-stabilized…

Americans optimistic about innovation addressing major challenges, survey finds

Americans remain optimistic about the country’s ability to harness innovation and think it should be easier to build things in America, while they’re also skeptical about the government’s role in solving the issues confronting the nation, a new survey finds. The findings of the Ronald Reagan Institute’s Reagan National Economic…

Walmart launches hardware overhaul, new kids brand in private-label push

Walmart is ramping up its private-brand strategy with a major overhaul of its home and hardware categories. The retailer announced Wednesday that it is revamping its hardware department with an exclusive Greenworks Pro tool line and expanded Hyper Tough offerings. At the same time, Walmart says it is launching Mainstays…

Meta lays off nearly 1,400 Washington employees in latest tech workforce cut

Meta’s artificial intelligence overhaul is now hitting one of the country’s largest tech corridors, with the Facebook parent company preparing to cut nearly 1,400 workers across Washington state. New filings submitted to Washington state officials show Meta will begin terminating employees in Seattle, Bellevue, Redmond and remote positions starting July…

Toyota recalls 43,500 trucks over engine defect that could cause sudden stall

Toyota is recalling more than 43,000 of its 2024 Tundra pickup trucks because debris left behind during the manufacturing process could contaminate the engine and increase the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects approximately 43,566 model year 2024 Toyota Tundra…