Former Federal Reserve Chair Jerome Powell has reportedly sold a waterfront Maryland estate for $7.2 million. The six-bedroom, eight-bathroom home on Gibson Island changed hands in an off-market sale on Aug. 4, less than three months after Powell concluded his eight-year term as chair of the Federal Reserve, Realtor.com reported,…

Texas is emerging as the newest battleground in the fight for corporate America. As the Texas Stock Exchange lands commitments for its first major corporate listings, New York Stock Exchange President Lynn Martin is pointing to the Lone Star State’s “pro-business environment” as a major reason companies continue to flock…

Asked about President Donald Trump’s proposal to dole out $5,000 to every adult American if Republicans win both chambers of Congress during the midterm elections, Florida Gov. Ron DeSantis warned that borrowing to spend would cause more inflation. “What I would say is, if you are getting surplus revenue, you…

Inflation remained elevated in August even as the pace of consumer price growth from a year ago remains elevated, as the Federal Reserve considers a potential interest rate hike next month. The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of…

Surging diesel costs are squeezing America’s logging industry, with one industry leader warning that rising fuel expenses are eroding profitability for businesses that depend heavily on diesel to keep trucks and equipment running. American Loggers Council Executive Director Scott Dane joined FOX Business’ Stuart Varney on “Varney & Co.” to…

President Donald Trump on Wednesday proposed giving a $5,000 “dividend” payment to every adult U.S. citizen if Republicans hold both chambers of Congress after this November’s midterm elections, though the cost could add substantially to the federal deficit. Trump delivered a speech Wednesday night at the RNC’s Midterm Convention in…

Anthropic said Thursday it disrupted several attempts this year by researchers to use its AI models for biological research that could potentially aid the development of biological weapons, prompting the company to ban accounts and strengthen its safeguards. In a 154-page report titled “Detecting and Countering Misuse of AI,” the…

Seattle business leaders, including the CEOs of major corporations such as Starbucks and Microsoft, are urging socialist Mayor Katie Wilson and other city officials to take swift action on public safety, pointing to widespread voter dissatisfaction over crime and homelessness. In a letter dated Thursday, executives called on Wilson, City…

Ford Motor Co. CEO Jim Farley is pushing back on Transportation Secretary Sean Duffy’s accusations that the automaker is becoming too reliant on China, calling them “basic misunderstandings” that could have been cleared up with “a simple five-minute call.” In an interview Wednesday with The Wall Street Journal, Farley rejected…

Casual dining chain O’Charley’s Restaurant & Bar is reportedly closing its remaining locations nationwide, according to employees who spoke with local news outlets, bringing the 55-year-old restaurant chain’s run to an apparent end. Managers at six of the chain’s eight remaining Middle Tennessee locations told Nashville-based WKRN that employees had…