California voters rejected a proposed one-time 5% tax on billionaire wealth, turning back a measure supporters said could raise tens of billions of dollars for health care. The tax would have applied to people who were California residents on Jan. 1, 2026, with payments spread over five years. The defeat…

Binance has named a new chief financial officer just over a week after hackers stole approximately $6.3 billion in cryptocurrency from the exchange in what is believed to be the largest digital asset theft on record. Kaiser Ng is leaving the company after more than five years to pursue a…

House Republicans are demanding answers from Nvidia CEO Jensen Huang about his reported relationship with a Chinese intelligence asset, escalating scrutiny of whether Beijing gained access to sensitive U.S. technology through the chip giant’s business ties. The request follows a New York Times report that Alice Huang, a Chinese citizen…

Long after Jeff DiLullo traded his Army uniform for a suit, a lesson from his years at West Point and in the military has stayed with him: the importance of serving “something bigger” than himself. As CEO of Philips North America, a global health technology company that makes medical equipment…

NASA announced Saturday that Elon Musk’s SpaceX, Jeff Bezos’ Blue Origin and six other aerospace companies are eligible to compete for up to $10 billion in lunar delivery contracts as the agency advances plans to establish a permanent base on the moon. The announcement, made at the MAX POWER aerospace…

The IRS recently released updated tax brackets and deduction thresholds for the 2027 tax year, which will affect taxpayers next year. Each year, the IRS adjusts the thresholds used for tax brackets and the various deductions available to taxpayers to account for inflation. The changes will apply to what taxpayers…

The U.S. Consumer Product Safety Commission (CPSC) is recalling more than 3.6 million Little Giant ladders after receiving dozens of reports of injuries, including head trauma and skull fractures. The ladders, according to the recall, have a mechanism called “Rapid Locks” that are designed to be inserted into the ladders’…

Companies operating in California and across the nation face growing pressure to adapt to high overhead and point to local economic conditions as the reason for financial collapse, experts say. “A lot of businesses want to make excuses now,” entrepreneur and FOX Business contributor Marcus Lemonis said Friday during an…

Tesla CEO Elon Musk said that the company is planning to end production of the Cybertruck at Gigafactory Texas around the middle of next year as it reallocates capacity to increase Cybercab production. Musk said late Thursday in a post on his X platform that “Tesla will be winding down…

AMC Entertainment said on an earnings call this week that it has finally recovered from the struggles it experienced in the years following the COVID-19 pandemic. The company struggled with the loss of cash flow due to the pandemic-related movie theater shutdowns and a large debt burden and other headwinds…