Business
Hedge fund billionaire Ken Griffin is making the largest individual gift in higher education history, donating $3 billion to Carnegie Mellon University to expand its Pittsburgh campus and build a new campus in Miami. The Citadel founder and CEO’s gift includes $1 billion for Carnegie Mellon’s Pittsburgh campus, including $500…
The inspector general’s investigation into the Federal Reserve’s costly renovation project determined that there was no administrative misconduct after the cost overruns prompted an investigation of former Federal Reserve Chair Jerome Powell amid criticism from President Donald Trump. The Office of Inspector General for the Federal Reserve’s Board of Governors began…
As Fanatics continues to grow, the global sports giant has faced numerous lawsuits over the past year. The company views them as baseless, opportunistic suits to shake it down in some capacity, and Fanatics hasn’t laid down. It’s been fighting. And winning. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM Over…
The Federal Reserve’s preferred inflation gauge cooled more than expected but remained elevated well above target in August as consumers continued to face price pressures. The Commerce Department on Wednesday reported that the personal consumption expenditures (PCE) index rose 0.3% on a monthly basis in August and was up 3.4%…
The Treasury Department and IRS are moving to automatically establish Trump Accounts for millions of eligible children, a major expansion of the investment program created under President Donald Trump’s tax and spending law. Temporary regulations issued by Treasury and the IRS establish a system that allows the Treasury secretary to…
Elevated gas prices ahead of November’s midterm elections could make Republicans feel the “same fate” the Democrats did in 2022, when prices that summer hit an average of $5 a gallon, an expert told FOX Business. Patrick De Haan, the head of petroleum analysis at GasBuddy, made the remark this…
FIRST ON FOX: The Treasury Department is dropping the hammer on a Tren de Aragua (TdA) $40-plus million fraud scheme accused of using U.S. automated teller machines as a narco-terror piggybank, stealing Americans’ cash to fund its transnational terror network. Treasury, in a First on Fox exclusive Wednesday, unleashed a…
Six Flags Magic Mountain said Tuesday it is permanently closing the famed X2 roller coaster after multiple lawsuits alleged some riders were left with serious brain injuries. The Southern California theme park said it was retiring the ride for good after nearly 20 years. The announcement comes about a month…
This is a story about the final reading of second-quarter gross domestic product. Please check back for updates. The U.S. economy grew at a stronger pace than expected in the second quarter, according to the Commerce Department’s estimate.The Bureau of Economic Analysis (BEA) on Wednesday released its final reading of second-quarter GDP,…
As voter support for California’s proposed “billionaire tax” plummets below 50%, top luxury real estate titan Aaron Kirman is sounding the alarm, warning that the mere threat of Proposition 40 is freezing high-end transactions and driving California’s top job creators to the exit doors. “We think this proposal is disastrous…
