Shares in the Magnificent 7 tech stocks have slumped this week amid investors’ concerns about massive spending by hyperscalers on artificial intelligence infrastructure amid uncertainty about the global economy due to the resumption of hostilities in the Iran war. The so-called Magnificent Seven tech stocks experienced their biggest one-day drop…

New White House data obtained by FOX Business shows that Americans have saved more than $700 million on prescription medications using TrumpRx.gov and most-favored-nation pricing. More than 800 brand-name and generic medications from the 17 largest pharmaceutical companies can be found on the website with transparent pricing.Praluent, a powerful cholesterol…

Some Amazon Prime customers have days remaining to file claims for refunds of up to $51 under the company’s $2.5 billion settlement with the Federal Trade Commission. Claims must be submitted by July 27, 2026, through the official settlement website. The deadline applies to eligible consumers who have not already…

Dave Portnoy called for the firing of a USA Today columnist who compared WNBA star Caitlin Clark to the 1955 lynching of Emmett Till, arguing the writer belongs in an “insane asylum” for the piece. Speaking on “Varney & Co.,” the Barstool Sports founder ripped into columnist Nancy Armour, declaring…

Albertsons lowered its fiscal 2026 sales and earnings outlook Thursday after weaker grocery demand and a more cautious consumer weighed on its first-quarter performance. The grocery chain now expects identical sales to decline between 0.5% and 1.5% for the full fiscal year, compared with its previous forecast of flat sales…

The head of artificial intelligence (AI) giant Anthropic’s frontier red team called for industry-wide safety standards to protect against models running amok.  Anthropic’s Logan Graham, who leads the company’s red team that looks for risks in emerging AI models, said in an interview Thursday on FOX Business Network’s “Mornings with…

European regulators fined Google 890 million euros ($1 billion), alleging the company gives preferential treatment to its own services. The Trump administration says this will affect the trade relationship between the U.S. and the European Union.U.S. Trade Representative Jamieson Greer pointed out in a statement that the latest fine of…

The Trump administration is set to impose new tariffs of 10% and 12.5% on imports from 60 trading partners beginning Friday as a temporary global tariff expires. The move comes after the Supreme Court in February struck down President Donald Trump’s “reciprocal” tariffs of 10% to 50% that were imposed…

The White House is monitoring an incident disclosed by OpenAI in which one of the company’s AI models went rogue during testing and hacked the system of an AI infrastructure startup. The ChatGPT maker said Tuesday one of its AI agents escaped containment during a security test and triggered a…

Federal safety regulators have recalled more than 16,800 fabric dressers sold through Walmart.com after determining the units fail to meet mandatory federal stability standards designed to prevent tip-over accidents involving children. The Consumer Product Safety Commission (CPSC) announced Thursday that about 16,809 EnHomee 9-Drawer Fabric Dressers are being recalled because…