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SEC proposal could open floodgates to make America capital of digital cash
The Securities and Exchange Commission (SEC) is moving to give crypto companies a clearer path to raise capital in the United States as the agency seeks to bring crypto-asset investment and innovation back onshore while keeping activity under U.S. law. SEC…
Treasury yields hover near multi-year highs as energy prices and government debt fuel bond sell-off
Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a sell-off amid concerns over energy prices keeping inflation elevated as well as government debt burdens. The yield on the benchmark 10-year Treasury…
Mamdani bans generative AI for students until 9th grade in nation’s largest school district
New York City public school students under 9th Grade will be banned from using generative AI for at least one year, Mayor Zohran Mamdani announced Wednesday. Mamdani announced the new rule during a news conference Wednesday morning, saying it is part of a…
Lowe’s CEO says skilled trades can offer six-figure careers without 4-year degree
As employers across the country look for skilled workers, the Lowe’s Foundation is backing a new effort aimed at creating more pathways into high-paying skilled trades careers that do not require a traditional four-year college degree. Lowe’s CEO Marvin…
NFL has ‘big affordability issue’ as Activate CEO puts league on notice amid exorbitant streaming costs
The only thing that will hit harder than the tackles on NFL Sundays this season is the fans’ wallets. Michael J. Wolf, the co-founder and CEO of Activate Consulting, a leading strategy and consulting firm, said that the NFL has an affordability issue when it…
FCC proposes Robocall Scorecard to rate how well providers protect consumers from illegal calls
EXCLUSIVE: The Federal Communications Commission (FCC) on Wednesday proposed a new consumer tool dubbed a Robocall Scorecard that gives consumers insight into efforts to crack down on illegal robocalls, FOX Business has learned. A public notice was released…
Oil giant Chevron strikes agreement to expand Venezuela operations
Chevron is expanding its footprint in Venezuela under new agreements that call for more than $7 billion in investment over the next five years and aim to more than double production from its joint ventures in the country. The oil giant said Wednesday that the…
Apple Maps renames Lake Ontario ‘Lake America’ for US users after Trump order
Apple Maps is now displaying Lake Ontario as “Lake America” for users in the United States following President Donald Trump’s executive order directing the federal government to rename the Great Lake. FOX Business confirmed the change Tuesday by reviewing…
Weight-loss supplement recalled after FDA finds undeclared toxic substance
A weight loss supplement has been recalled over two undeclared ingredients, including a toxic substance commonly used as a pesticide and herbicide. Florida-based Ana Salazar Modela Tu Cuerpo Inc. issued a nationwide recall for Lipofit Extreme Fat Burner 2.0…
DOJ expands beef price investigation to Walmart, Costco, Amazon and other major retailers
The Department of Justice (DOJ) Antitrust Division on Tuesday said it had expanded its investigation into beef affordability to include eight of the largest grocery retailers in the United States. The expansion comes after the DOJ launched an antitrust probe…