Gold prices slipped on Thursday, marking a pause in what has been a record-breaking rally that has seen market prices for the precious metal surge over the last year. Long considered a safe haven asset to hedge against economic uncertainty, gold has risen as investors deal with concerns about the U.S.…

New Paramount CEO David Ellison on Thursday told staff to return to the office full-time or accept a severance package. Ellison took control of Paramount, parent company of CBS, Comedy Central and the iconic movie studio last month after the Federal Communications Commission (FCC) approved a long-planned merger with Skydance…

OpenAI continues the push toward an artificial intelligence future. After the launch of GPT-5, the company announced a new initiative on Thursday to certify people in AI use, partnering with retail powerhouse Walmart to make it happen. In its release, OpenAI’s CEO of Applications, Fidji Simo, wrote, “Studies show that…

Everybody is going to focus on jobs and the economy tomorrow when the August employment report is published at 8:30 in the morning. The consensus number for non-farm payrolls is 75,000, but all I can say is, don’t bet on it. Monthly job forecasts are one big crapshoot. There’s roughly 160…

Mortgage rates fell to the lowest level since October 2024, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.5% from last week’s reading of 6.56%. This week’s figure was the lowest since…

President Donald Trump on Thursday trolled Cracker Barrel over the controversial logo rebranding effort that it later reversed on social media. Trump posted a video on X of him and the “old timer” who was initially removed from the Cracker Barrel logo during the rebrand shaking hands and dancing to The Village…

No-frills carrier Spirit Airlines is planning to cut routes in October as the bankrupt airline fights for survival, and rival carriers are taking the opportunity to pounce. Spirit said in a statement to FOX Business that it will end service to Albuquerque, New Mexico; Birmingham, Alabama; Boise, Idaho; Chattanooga, Tennessee;…

A New York billionaire is opening up about his private conversations with President Donald Trump on the city’s mayoral race and Democratic candidate Zohran Mamdani, including what Trump had to say about it this weekend. “He’s [Trump] always been concerned for months and months and months about the race,” admitted…

Rising menu prices have caused traffic to dip at fast-food restaurants as economic concerns push their core customers to rein in discretionary spending.  But fast-food companies that are already grappling with margin pressures face a difficult challenge: They risk alienating the very households that have long sustained their business if…

Virginia Gov. Glenn Youngkin brushed off prediction site Polymarket on Thursday — where traders give Democrat Abigail Spanberger a 95% chance of winning — and instead pitched Republican Winsome Earle-Sears as the candidate focused on Virginians’ concerns. He said the prediction market platform reflects speculative wagers, not how voters will…