Morgan Stanley, one of the world’s largest investment banks, is cutting 3% of its workforce, roughly 2,500 employees, across all business divisions. The job cuts impacted Morgan Stanley’s three major divisions — investment banking and trading, wealth management and investment management — but not its financial advisors, FOX Business confirmed.The…

American shoppers are being urged to check their freezers as nearly 37 million pounds of frozen food products are being recalled over concerns they may be contaminated with glass. Ajinomoto Foods North America has expanded last month’s recall to include an additional 33,617,045 pounds of frozen ready-to-eat and not-ready-to-eat chicken…

Apple is expanding its product lineup with a lower-priced iPhone. The California-based tech giant on Monday introduced the iPhone 17e, a more affordable addition to its iPhone 17 family, starting at $599. The device is available in black, white and soft pink.The iPhone 17e starts with 256GB of storage, doubling…

Interior Secretary Doug Burgum landed in Venezuela on Wednesday to begin talks about a potential rare earth minerals partnership, just weeks after the U.S. arrested former Venezuelan President Nicolás Maduro. FOX Business exclusively joined Burgum on the trip. President Donald Trump’s administration views Venezuela’s untapped resources as a potential alternative…

Starbucks is growing its corporate footprint and plans to open a new office in the South later this year. The Seattle-based coffee company will establish an office in Nashville, Tennessee, as part of its broader plan to expand across North America, especially in the central U.S., the South and parts…

Target’s new CEO says shoppers will soon see cleaner shelves, shorter checkout lines and revamped home and apparel sections as the retailer rolls out a $5 billion overhaul aimed at reviving sales. “If I were to step back and draw a heat map of the entire store, highlighting where we’re…

A heated exchange between the United States and Iran unfolded at the United Nations Security Council this week, drawing attention inside the chamber. U.S. Ambassador to the United Nations Mike Waltz joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss the escalating situation, including a tense exchange with…

The U.S. Department of Agriculture (USDA) recently released a trade forecast showing the farm trade gap narrowing significantly during fiscal year (FY) 2026. The forecast shows the agricultural trade deficit falling from $43.7 billion in FY2025 to a projected $29 billion in FY2026, an improvement from last year’s level and…

Tech giants have backed a pledge from President Donald Trump to pay more for electricity to run resource-hungry AI data centers ahead of its signing on Wednesday. Google, Microsoft, Meta, Oracle, xAI, OpenAI and Amazon will join Trump at the White House to sign the Ratepayer Protection Pledge, an agreement…

The longtime Manhattan residence of the late Ivana Trump has finally traded hands, but at a price that reflects a sobering reality for New York City’s luxury real estate market. Property records show the opulent Upper East Side townhouse sold on Feb. 27 for $14 million, the Wall Street Journal…