For the generation that should be in its “peak savings years,” the prospect of retiring on time has shifted from a plan to a prayer. A newly released Employee Financial Wellness Survey by PwC found that nearly 50% of Gen X employees are pushing back their retirement dates, citing stagnant…

The U.S. Treasury Department has frozen more than $344 million in cryptocurrency tied to Iran and is ramping up efforts to choke off the regime’s access to global revenue streams as part of an ongoing pressure campaign, officials said. The actions are part of Operation Economic Fury, a broader campaign…

The Walt Disney Company is reportedly backing away from plans to spin off ESPN, shelving years of speculation that a standalone sports network could help offset the company’s declining cable business.  The decision marks one of the first major calls under CEO Josh D’Amaro, who stepped into the role in…

A renewed push to raise taxes on wealthy individuals and corporations in New York City is drawing criticism from business leaders as policymakers weigh how to balance budgets without driving away investment. O’Leary Ventures Chairman Kevin O’Leary joined FOX Business’ Stuart Varney on “Varney & Co.” to weigh in on…

Citadel CEO Ken Griffin called New York City Mayor Zohran Mamdani’s viral video—which singled out Griffin and his Manhattan penthouse while announcing a new tax—a “personal attack” and a “profound lack of judgment.” On April 15, Mamdani posted a video spotlighting Griffin’s property to announce a new pied-à-terre tax. The…

Ghirardelli Chocolate Co. is recalling 13 beverage mixes because they may be contaminated with salmonella, the company said. The voluntary action follows a separate California Dairies Inc. milk powder recall that was initiated due to a concern about potential salmonella contamination, “which was supplied to a third-party manufacturer and used…

My first thought is that I just don’t believe President Trump will accept any of these Iranian offers that might open up the Strait of Hormuz, but not end Tehran’s nuclear capabilities or even the regime’s nuclear ambitions. Iran’s hanging on by a thread. Everybody knows that. No oil, no…

Many California residents who move out of the state are finding substantial savings on housing costs and an easier pathway to homeownership as affordability concerns weigh. A recent analysis by the California Policy Lab at UC Berkeley, using data that anonymously tracks the same households over time from 2016 to…

Tech billionaire Elon Musk’s legal battle against OpenAI kicked off with a bang on Tuesday, with his attorney alleging CEO Sam Altman “stole a charity” to build a massive, profit-driven empire. In a federal courtroom in Oakland, California, Musk’s lawyer, Steven Molo, told jurors that OpenAI completely abandoned its founding…

The Federal Reserve will announce its latest interest rate on Wednesday when Fed Chair Jerome Powell will host what may be his final news conference as the leader of the central bank, with his term as chairman due to expire next month. The Federal Open Market Committee (FOMC), the Fed…