Citadel founder and CEO Ken Griffin described New York City Mayor Zohran Mamdani’s “tax the rich” video targeting him as a “creepy and weird” political advertisement. Speaking at the Milken Conference in Los Angeles on Tuesday, Griffin said Mamdani’s “frightening” video reaffirmed his decision to “double down” on business in…

U.S. financial regulators are proposing to switch required filings for publicly traded companies from quarterly reporting to semiannual. The Securities and Exchange Commission on Tuesday released its amended proposal for optional semiannual reporting for companies on Wall Street. SEC officials say the change in frequency of reporting won’t impact the…

In an exclusive interview on FOX Business’ “The Claman Countdown,” IBM Chairman and CEO Arvind Krishna issued a direct warning to Washington: Finding the “Goldilocks” middle ground on artificial intelligence regulation is essential to maintaining American dominance. “Look, I think we live in a regulated world and that is good…

A lawyer for Spirit Airlines said Tuesday that the surge in jet fuel prices left the company with “no remaining way out” of bankruptcy and caused it to cease operations last weekend, while it seeks permission to sell assets on an ongoing basis and pay bonuses to remaining employees. Marshall…

The Trump administration on Tuesday announced that it had reached new agreements with Microsoft, Google DeepMind and Elon Musk’s xAI to expand collaboration with Big Tech companies in researching artificial intelligence (AI) and security. The Center for AI Standards and Innovation (CAISI), which is part of the Commerce Department’s National…

Delta Air Lines is expanding snack and drink service on thousands of flights, but for travelers on hundreds of short routes, the beverage cart is about to disappear entirely. The changes set to take effect May 19 will mean passengers flying on Delta Main and Delta Comfort will no longer…

A threat from hedge fund Citadel to put a halt to its $6 billion Midtown Manhattan offices over a tax proposal from Mayor Zohran Mamdani threatens area food vendors’ dwindling business, vendors told FOX Business. The fund, founded by Ken Griffin in 1990, made the threat after Mamdani directly targeted…

A Texas candy company with roots dating back more than a century is winding down most of its operations as rising costs and shrinking margins pressure the long-running family business. Lammes Candies, an Austin-based confectioner founded in the 1800s, said it will begin an “orderly wind-down of operations” after 141…

Americans looking to earn degrees at their own speed can now do so via their mobile phones after Cornerstone University tailored degree offerings in its business program to cater to students who prefer a self-paced program that can be completed on a smartphone. “We developed the nation’s first mobile platform…

Officials are warning customers about banking spoof calls that could trick them into emptying their accounts, with scammers posing as banking or law enforcement officials who claim they are trying to protect the customer’s money. The FBI has described these calls as a growing problem in which customers are convinced…