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High-profile attorney weighs in on Jimmy Kimmel controversy: Here’s the side he would rather defend
Fox Business· 2025-09-25 19:15
High-profile defense attorney Alan Jackson said he would choose to represent ABC and Nexstar Media Group over Jimmy Kimmel if the late-night host’s suspension ever turned into a courtroom battle. Jackson, who recently helped secure Karen Read’s acquittal in the death of her Boston police officer boyfriend, joined Billy Bush on "Hot Mics with Billy Bush," where he was asked who he’d prefer to represent following the controversy over "Jimmy Kimmel Live!""ABC and Nexstar, without a question," Jackson said. "… ...
Mortgage rates rise for first time since July
Fox Business· 2025-09-25 18:33
Mortgage rates rose this week for the first time since mid-July, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 6.3% from last week's reading of 6.26%. The average rate on a 30-year loan was 6.08% a year ago. TREASURY'S BESSENT SAYS FIXING HOUSING AFFORDABILITY CRISIS WILL BE ONE OF HIS 'BIG PROJECTS' THIS FALL "Housing market activity continues to hold up with purchase ...
RadioShack, Pier 1 Imports owners accused of operating $112 million Ponzi scheme
Fox Business· 2025-09-25 18:11
The Securities and Exchange Commission (SEC) is accusing the men who bought bankrupt chains RadioShack, Modell’s Sporting Goods, and Pier 1 Imports of running a Ponzi scheme that duped investors out of tens of millions of dollars. A complaint filed in the U.S. District Court for the Southern District of Florida on Tuesday, alleges the co-founders of Miami-based Retail Ecommerce Ventures, Alex Mehr and Tai Lopez, together with the company's Chief Operating Officer Maya Burkenroad, raised approximately $112 ...
Pressure mounts on Google's YouTube over planned Univision removal
Fox Business· 2025-09-25 17:39
Google's plan to remove Spanish-language network Univision from its core bundle of channels on YouTube TV at the end of this month is drawing pushback from a Republican attorney general in a politically significant state. Alphabet, the parent company of Google and YouTube, is planning to shift Univision from its basic package to a Spanish-language tier that will require customers to pay an extra $14.99 per month in addition to the $82.99 per month base package. The move is expected to occur after the curren ...
Trump tariffs haul over $200B in revenues as Supreme Court weighs challenge to legality
Fox Business· 2025-09-25 17:11
The U.S. has collected more than $200 billion in tariff revenues this year, underscoring the scale of President Donald Trump's trade duties as a significant source of government income. Tariff revenues hit $31.4 billion in August, the largest monthly total in 2025. September has already climbed to $29.7 billion and is on pace to set a new high.BESSENT DEFENDS TRUMP'S TARIFFS AGAINST CLAIMS THEY HARM US BUSINESSES Total tariff revenue for 2025 has reached $213.3 billion, according to the latest "Customs and ...
US economy grew faster than expected in the second quarter
Fox Business· 2025-09-25 12:46
The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter. The Bureau of Economic Analysis (BEA) on Thursday released its third and final estimate of second-quarter GDP, which showed the economy grew at an annualized rate of 3.8% in the April through June period. That figure was hotter than the 3.3% estimate of economists polled by LSEG, and came in higher than the Commerce Department's initia ...
Key GOP lawmakers back Trump's executive order for crypto, other alternative assets in 401(k) plans
Fox Business· 2025-09-24 15:58
A group of key Republican lawmakers in the House of Representatives signaled support for the Trump administration's move to allow alternative assets, including cryptocurrencies, in 401(k) plans. House Financial Services Committee Chairman French Hill, R-Ark., and Subcommittee on Capital Markets Chair Ann Wagner, R-Mo., were joined by seven other GOP lawmakers when they wrote to Securities and Exchange Commission (SEC) Chairman Paul Atkins on Monday to express support for the move.They said President Donald ...
Seasonal porch decorators say business is taking off this year
Fox Business· 2025-09-24 15:58
Now that fall is here, people are preparing their homes and yards with the colors of the seasons and many Americans are opting for professionals to do the dirty and creative work. "I normally spend over $200 dollars on pumpkins and every time I pull into my driveway — I hate it," says Jessica Ransom, a mom of two from Charlotte.This year, Ransom found the "Little Pumpkin Decorators" online and hired them to build a picturesque display on her front porch. "My kids are older, and they’re really getting into ...
Goldman Sachs to host largest small business owners summit
Fox Business· 2025-09-24 15:58
Wall Street financial titan Goldman Sachs will host the largest gathering of small business owners in Washington, D.C., next month as part of its continuing effort to help small businesses position themselves for growth. The Goldman Sachs 10,000 Small Businesses Summit, which kicks off on Oct. 29 to Oct. 30, will include educational programming and networking opportunities, enabling thousands of entrepreneurs to connect with business leaders and advocate for small business priorities on Capitol Hill. The ev ...
Treasury’s Bessent warns NYC: No bailout under Mamdani – ‘drop dead’
Fox Business· 2025-09-24 15:58
Treasury Secretary Scott Bessent warned on Wednesday that if Zohran Mamdani carries out his socialist economic plans as mayor, New York City will come begging Washington for a bailout – and he won’t give them one. "I guarantee you, and there're not a lot of things in life that are sure, but New York City will be coming to the federal government for a bailout if Mamdani’s plans are implemented," Bessent told FOX Business' Maria Bartiromo.EJ ANTONI WARNS NYC OF MAMDANI'S 'ECONOMICALLY ILLITERATE' POLICIES "An ...