JPMorgan Chase CEO Jamie Dimon said on Tuesday that the U.S. is becoming more like Europe in terms of defense procurement, and it’s holding the country back. Dimon spoke at the Hill & Valley Forum, which is an annual meeting that brings together policymakers, defense leaders, tech builders and investors to…

Meta is cutting roughly 700 jobs on Wednesday, a source familiar with the matter confirmed to FOX Business. The layoffs are expected to affect several key areas, including Reality Labs, Facebook, recruiting operations and sales, the source said.A spokesperson for the company said the layoffs are part of ongoing restructuring…

A $6 million verdict against Meta and Google in a closely watched social media addiction trial may signal the start of a far broader legal threat for the tech giants. A Los Angeles jury on Wednesday found both companies liable for designing addictive platforms for young users, awarding $3 million…

Networks of foreign nationals may be linked to U.S. hospice fraud, Centers for Medicare & Medicaid Services Administrator Dr. Mehmet Oz warned Wednesday in a FOX Business special, pointing to one major city as a key area of concern. “You have to ask yourself exactly how many people are actually…

A class action lawsuit filed against Fanatics, the NFL, NBA, MLB, their respective players associations and OneTeam, which serves as the commercial vehicle for the players associations, was dismissed by a New York federal judge on all counts Monday.  The court granted Fanatics’ motion to dismiss the lawsuit, which involved…

A Los Angeles jury on Wednesday found Meta and Google liable in a closely watched trial accusing social media platforms of designing their products to get young users addicted, awarding the plaintiff $6 million in damages.  Meta was ordered to pay 70% of the awarded compensatory damages, while Google is…

Meta is cutting hundreds of jobs Wednesday, the company confirmed to FOX Business. A spokesperson said the layoffs are part of ongoing restructuring efforts, noting that the tech giant regularly adjusts its workforce to better align with its goals. The company is also working to place some affected employees into…

Lyft is rolling out a temporary relief plan for its drivers across the U.S. as rising gas prices continue to cut into earnings. The company announced Wednesday that the 60-day program will begin March 27 and run through May 26. Drivers can earn cash back and save on fuel when…

The U.S. Postal Service is reportedly planning to impose a fuel surcharge on package deliveries for the first time in the agency’s history amid surging fuel costs. The Wall Street Journal reported that the Post Service is planning an 8% surcharge beginning in April and that the agency plans to phase…

Social Security is facing the threat of insolvency in less than a decade, and a new proposal would cap the amount of Social Security benefits that a couple could receive each year at $100,000. The aging of America’s population is draining the balance of Social Security’s main trust fund, which…