Artificial intelligence giant OpenAI on Thursday announced its nonprofit parent will retain control of the company while also gaining an equity stake worth more than $100 billion. The move will allow OpenAI to raise new capital while also making its nonprofit parent company “one of the most well-resourced philanthropic organizations…

Paramount Skydance is preparing a bid to buy Warner Bros. Discovery, according to The Wall Street Journal. A report published Thursday cited sources who told the Journal that Paramount Skydance, which went through its own merger last month and is now being led by David Ellison, is seeking to acquire…

President Donald Trump has offered the 300 South Koreans who were rounded up and detained during an Immigrations and Customs Enforcement (ICE) raid in Georgia the opportunity to stay in the U.S. “Each person was allowed to choose, and the U.S. government said essentially, ‘If you want to go, you…

Roblox said Thursday it had taken down more than 100 experiences referencing Charlie Kirk that violated the online gaming platform’s rules, following the assassination of the Turning Point USA founder at Utah Valley University yesterday. A Roblox spokesperson told FOX Business in an email that the company’s moderation team began…

The Labor Department’s internal watchdog on Wednesday announced an audit into the challenges faced by the Bureau of Labor Statistics (BLS) in collecting data for its inflation and labor market reports. The Labor Department’s Office of Inspector General wrote to BLS acting Commissioner William Wiatrowski to inform the agency that the…

Nearly 300 retired city employees in a Democrat-led city are reportedly still waiting to receive their pension payments, months after accepting early retirement packages as part of a cost-cutting initiative. At a city council meeting Wednesday, Houston Mayor John Whitmire pushed back against criticism that the Houston Municipal Employees Pension…

U.S. drivers are expected to spend the smallest share of their disposable income on gasoline this year than in the past two decades, according to new data from the Energy Information Administration (EIA). The EIA projected that less than 2% of people’s personal disposable income will be spent on gasoline…

Ford Motor Company said Tuesday it is recalling 1.9 million vehicles globally because of defective rearview cameras that may display inverted, distorted or blank images. The recall — which affects a range of vehicles with model years between 2015 and 2019 — includes the Lincoln MKC, Lincoln Navigator, Mustang, F-250,…

JPMorgan Chase CEO Jamie Dimon is urging caution about the outlook for the U.S. economy amid persistent uncertainty over the impact of tariffs as well as geopolitical headwinds. “I think you better be careful on that one [on the economic impact on the U.S.], because some of these things have long…

Mortgage rates tumbled this week, posting the largest weekly drop in the past year, 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 6.35% from last week’s reading of 6.5%. The average rate…