Business

Amazon delivery drones crash into crane, prompting NTSB, FAA investigation

Federal investigators are examining a crash in which two Amazon Prime Air delivery drones struck a construction crane in Tolleson, Arizona, a city west of Phoenix, on Wednesday. Tolleson police said the morning crash occurred in a commercial area near 96th Avenue and Roosevelt Street, according to FOX 10 Phoenix.The…

US Treasury planning to mint  coins with Trump’s image

EXCLUSIVE: The Treasury Department is considering a plan to mint new $1 coins bearing President Donald Trump’s image as part of a push to commemorate the 250th anniversary of America’s founding, FOX Business has learned. “Despite the radical left’s forced shutdown of our government, the facts are clear: Under the…

OpenAI becomes world’s most valuable private company with 0B valuation: report

A recently completed stock deal saw OpenAI’s valuation surge to $500 billion and become the world’s most valuable private company, according to a report. Current and former OpenAI employees sold about $6.6 billion in shares to a consortium of investors that included Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX…

Republicans invite Teamsters president to testify on labor laws

EXCLUSIVE: Less than two years ago, Teamsters President Sean O’Brien and Oklahoma Republican Sen. Markwayne Mullin nearly came to blows during a Senate Health, Education, Labor and Pensions Committee hearing on Capitol Hill, laying bare the long-running rift between the GOP and organized labor. On Friday, that same HELP Committee,…

Why are mortgage rates increasing despite a rate cut from the Fed?

Mortgage rates have climbed for the second straight week, despite the Federal Reserve delivering its first interest rate cut in nearly a year, underscoring that a range of factors influence borrowing costs. Freddie Mac reported Thursday that the average rate on the benchmark 30-year fixed mortgage rose to 6.34%, up…

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