Author : Stewart Kerr

The Dow Jones Industrial Average closed above 50,000 points for the first time on Friday as stocks rallied in response to a rout in tech shares earlier in the week. The closely watched index rose above 50,000 for the first time after 2 p.m. during Friday’s trading session, advancing 1,206.95......

Wall Street giant Citi on Thursday informed the company’s U.S.-based employees that the firm plans to match the federal government’s seed contribution to newborns’ Trump Accounts and will also donate to efforts to boost participation. Citi sent an internal message, which was reviewed by FOX Business, that notified employees that......

A prediction market company best known for allowing users to bet on world events is stepping into New York City’s food scene — if only briefly — with the launch of what it’s calling the city’s first-ever free grocery store. Polymarket will be open for New Yorkers in Lower Manhattan......

The federal agency that enforces U.S. workplace discrimination laws said Wednesday it is investigating Nike over allegations that its diversity initiatives unlawfully discriminated against White employees and job applicants, according to a court filing. Reuters reported that the Equal Employment Opportunity Commission (EEOC) said Nike has refused to comply with......

Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts’ estimates amid growth in advertising revenue from the company’s news networks and sports programming. The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and......

Netflix co-CEO Ted Sarandos is set to testify on Tuesday before a Senate panel scrutinizing how the streaming giant’s proposed $72 billion acquisition of Warner Bros Discovery would impact competition in the entertainment industry’s streaming segment. Sarandos will testify alongside Warner Bros. Chief Revenue Strategy Officer Bruce Campbell as the executives......

Gold and silver prices have seen significant volatility in recent weeks following a surge in prices over the past two years. The spot price of gold is up 67% over the last year while the silver spot price has risen 158% in that time – though the asset prices plunged......

General Motors on Tuesday announced a multibillion-dollar charge related to the realignment of its electric vehicle (EV) strategy following the release of its 2025 financial results and its guidance for 2026. GM reported that its net income attributable to stockholders was $2.7 billion with an EBIT-adjusted $12.7 billion. The Detroit......

Nike is planning to cut nearly 800 jobs amid an automation push at the footwear and apparel giant’s distribution centers. The company is cutting 775 jobs that will primarily impact jobs at the retailer’s distribution centers in Tennessee and Mississippi as the company looks to automate more of its supply......

The New York Stock Exchange’s quiet expansion into Texas is gaining rapid traction, with NYSE President Lynn Martin revealing that more than 100 companies have already dual-listed on NYSE Texas in under a year — a milestone that underscores Wall Street’s accelerating pivot toward the Lone Star State’s pro-business climate.......