Wall Street’s largest banks entered the second half of 2026 after one of their most profitable six-month streaks in at least a decade. Then interest rates skyrocketed. When JPMorgan Chase (JPM), Goldman Sachs (GS) and Citigroup (C) release their third-quarter results on Tuesday, followed by Bank of America (BAC) and Morgan Stanley (MS) on Wednesday, … Read more
NEWYou can now listen to Fox News articles! FIRST ON FOX: Critical manufacturing jobs in the U.S. are making gains after years of Biden-era offshoring hollowed out the workforce, according to a new economic report. A report from the Council of Economic Advisers (CEA) says 72,000 jobs have been added in the manufacturing sector in … Read more
A Bronx woman claims she was fired from Costco after raising the alarm that her boss was allegedly sexually harassing her. The anonymous accuser alleges that she was fired from the East Harlem Costco on East 117th in January 2025 after working there for two years because she reported the “hostile environment” created by her … Read more
OpenAI’s latest mathematical release has some academics celebrating the advances and others wondering what happens to the researchers who were still working to achieve them. Tristan Buckmaster, a mathematics professor at New York University, told CNBC’s “Squawk Box” on Thursday that the company’s launch had disrupted the work of early-career mathematicians. “So on Tuesday we’ve … Read more
SALT LAKE CITY – Utah-based Crumbl is closing dozens of stores and laying off employees at the company’s headquarters after a poor batch of sales reports. The cookie company’s August sales were 70% lower this year than two years ago, according to Restaurant Business. As a result, fifty-seven locations are closing. Layoffs are also reported … Read more
Wall Street scored a winning week on Friday as the Dow Jones Industrial Average and other indexes gained strength on Friday and finished near session highs. Now, Dow Jones component JPMorgan Chase (JPM) and other big bank stocks are gearing up for the start of third-quarter earnings season. The Dow Jones rose 0.8%, or more … Read more
As SpaceX struggles to launch Starlink in India, Elon Musk has stepped up his attack on billionaire Mukesh Ambani, derisively calling him the country’s “prime minister” to suggest he exerts enormous control over his government and accusing him of blocking competition from satellite internet service. On Friday, Musk continued his criticism of the famous Reliance … Read more
Sometimes the key to building wealth is simply staying put, new data from the Federal Reserve suggests. The 18 million American households headed by someone age 75 or older have the highest median net worth of any age group, according to the Federal Reserve’s triennial Survey of Consumer Finances. Americans in that demographic had a … Read more
TypeSafe AI, the developer of Jev, a new type of AI model that quickly gained popularity after launching just a few weeks ago, has raised $870 million at a valuation of $7.5 billion. The round was led by Andreessen Horowitz, with participation from Sequoia and existing investor DCVC. The massive fundraising is no surprise given … Read more
The Volkswagen ID.4 as we know it is dead and Volkswagen is officially announcing its replacement. Meet the new and improved ID. Tiguan. The new ID. Tiguan will succeed the ID.4 and ID.5 in the European market, bringing a more traditional SUV design, a redesigned interior and up to 600 kilometers (373 miles) of WLTP … Read more