Business
Paradromics Inc., a neurotechnology company developing a brain-computer interface platform, successfully completed its first human procedure after nearly three years of preclinical studies. The insertion of the company’s Connexus Brain-Computer Interface was led by the University of Michigan’s Dr. Matthew Willsey alongside Dr. Oren Sagher and a multidisciplinary team of…
Lumber is in the spotlight as the National Association of Home Builders (NAHB) and the U.S. Lumber Coalition disagree over what’s behind the U.S. housing market slump. FOX Business correspondent Kelly Saberi reported Monday that the NAHB has pointed to tariff uncertainty and lumber prices as being partly responsible.The U.S.’s current…
A federal judge in Washington state is temporarily blocking the Trump administration from terminating collective bargaining rights for TSA employees. Judge Marsha Pechman issued the preliminary injunction on Monday after the American Federation of Government Employees (AFGE) challenged an order from the Department of Homeland Security (DHS).The unions are accusing…
Marriott International CEO Anthony Capuano shared some insight on budget travelers during a Monday appearance on “The Claman Countdown.” He told host Liz Claman that Marriott International’s lower-income consumers “continue to prioritize travel, but they want to do it at a more thrifty price point,” citing spending data the company…
Disney is cutting hundreds of employees across several TV and film teams as the company focuses on expanding its streaming services. Employees in the marketing for film and television, as well as TV publicity, casting and development, and corporate financial operations will be impacted by the cuts, a spokesperson for…
JPMorgan Chase CEO Jamie Dimon warned in a new interview that the U.S. government’s rising debt and budget deficits are a problem that will eventually cause bond market issues, and offered his thoughts on how reforms should move forward. Dimon, in an interview aired on Monday on FOX Business Network’s “Mornings…
China has accused the U.S. of undermining the trade agreement between the two countries that was established during a Geneva meeting in May. The U.S. and China announced a 90-day détente that involved reduced tariffs last month, but less than a month later, both are accusing each other of running…
Stocks are lower on Monday, the first trading session of June, on renewed trade tensions.The Dow Jones Industrial Average fell 300 points, or 0.6%, while the S&P 500 and Nasdaq Composite were down 0.4% and 0.3%, respectively.China said on Monday that President Donald Trump’s accusations that Beijing had violated the…
Leading a company is a significant and often difficult job. One perk of that responsibility is sizable compensation for being a CEO. A new analysis from The Wall Street Journal revealed which CEOs heading up S&P 500 companies had the biggest pay packages in 2024.The Journal said its analysis looked at…
Treasury Secretary Scott Bessent on Sunday said that the U.S. government will never default on its debt as the federal government faces a looming deadline to address the debt limit this summer. Bessent appeared on CBS News’ “Face the Nation” and was asked about the tax package that Republicans in Congress…