Business

CFTC Chairman Michael Selig joins ‘Mornings with Maria’ to defend federal oversight of prediction markets amid a growing legal battle with state regulators. A single digital gambler known only as "Magamyman" walked away with $600,000 this weekend after successfully betting on the U.S. military’s strike against Iranian leadership—and he was not alone. As millions of dollars flooded into controversial prediction markets tied to U.S. strikes on Iran and the death of Ayatollah Ali Khamenei, blockchain investigators say a handful of suspected insiders may have used non-public information to turn the fog of war into a personal windfall.Just before the U.S.-led strikes that rocked Iran early Saturday, Reuters and other outlets reported a surge of "suspiciously timed bets" that generated s...

President Donald Trump said Tuesday that Spain refused to allow U.S. to use their bases for the conflict with Iran. President Donald Trump on Tuesday threatened to cut off trade with Spain, accusing the NATO ally of failing to meet defense spending commitments and refusing to allow U.S. forces to use Spanish bases to support operations related to strikes against Iran. Speaking during a meeting with German Chancellor Friedrich Merz at the White House, Trump said he had directed Treasury Secretary Scott Bessent to "cut off all dealings with Spain," calling the country "unfriendly" and criticizing its leadership."We're going to cut off all trade with Spain," he told reporters. "We don't want anything to do with Spain." THE ONE SENTENCE IN RUBIO'S MUNICH SPEECH THAT REVEALED TRUMP'S RE...

Former Qatari Prime Minister Sheikh Hamad Bin Jassim Al Thani joins 'Mornings with Maria' to react to Iran’s strikes on GCC nations, warning Tehran has "lost friends" and saying the attacks could push Gulf states closer to the US. U.S. stocks fell on Tuesday as investors eye growing tensions in the Middle East and their potential effects on inflation and global trade. The Dow Jones Industrial Average fell 403.51 points, or 0.83%. The Dow was down 1,278 points, or 2.6%, at the worst levels of Tuesday's trading session.The Nasdaq Composite and S&P 500 dropped 1.02% and 0.94%, respectively. Investors feared that the higher oil prices could fuel inflation and complicate central bank policy decisions already strained by tariff-driven price increases. US ‘SITTING ON SIGNIFICANT PROVE...

Check out what's clicking on FoxBusiness.com. More than 650,000 plastic bottles of water are being recalled, according to the Food and Drug Administration. Wisconsin-based Valley Springs Artesian Gold LLC is recalling six of its products after they were bottled under "insanitary conditions," according to the FDA enforcement report. The recall of 651,148 bottles of water was initiated Feb. 6.On Feb. 26, the FDA classified it a Class II recall, which the agency describes as an instance when the "use or exposure to a product may cause temporary or medically reversible adverse health consequences." CHEESE SOLD AT WALMART RECALLED IN 24 STATES OVER POTENTIAL HEALTH RISK More than 650,000 water bottles are being recalled after they were bottled under "insanitary conditions." (iStock...

Some 22,000 employees of Tesco are eligible for significant payouts from a windfall of £134million, the supermarket giant has announced. Thousands of staff, mainly in stores and distribution, are expected to make average profits of between £5,000 and £8,000 each from a share scheme run by the UK's largest retail business.Tesco - which employs more than 300,000 people across the UK - runs one of the country’s largest save-as-you-earn (SAYE) schemes, with different schemes maturing each year. This year has seen a particularly strong windfall for employee investors, driven by gains in Tesco’s share price over recent years. Shares in the retail giant have risen by almost a quarter over the past year. The scheme has allowed employees to buy shares at a discount rate.Workers can choose to eit...

Check out what's clicking on FoxBusiness.com. Creators who post artificial intelligence-generated videos of armed conflicts without clear disclosure will be penalized under new X policies aimed at preventing manipulation and misinformation. Nikita Bier, head of product at X, announced the revisions to X's Creator Revenue Sharing policies in a post Tuesday."During times of war, it is critical that people have access to authentic information on the ground. With today’s AI technologies, it is trivial to create content that can mislead people," Bier wrote. Users who post AI-generated videos of an armed conflict must now add a disclosure that it was made with AI, Bier said. Those who fail to add a disclosure will face a 90-day suspension from the platform’s Creator Revenue Sharing. OPEN...

Some British nationals can get a passport for free - but you have to be born on or before a certain date. With the Easter break beginning at the end of March, many Britons will be eyeing up a well-deserved break to the continent to enjoy some sun and sand.Rules Britain became subject to after it left the European Union mean UK nationals travelling to the many nations in the EU must ensure that passports aren't older than 10 years on the day they travel. The travel document must also be valid for three months after the planned departure date from that nation. Renewing your passport doesn't come cheap: starting at £61.50 for children's passports with an online application, and up to £222 for the 1 Day Premium option (for those who need a passport quickly).But people born in certain years ...

Former U.S. Special Envoy for Ukraine Gen. Keith Kellogg joins 'Varney & Co.' to analyze Iran running out of missile launchers and the next phase of U.S. military action. Travelers stranded in Dubai have been left scrambling to find a way home after the airport closed due to the U.S.-Israeli joint military offensive, Operation Epic Fury. Dubai's two major hubs, Dubai International Airport (DXB) and Dubai World Central (DWC), reopened March 2 with limited operations, according to The Economic Times. But that hasn't stopped travelers with means from trying to find other ways to flee. Some wealthy travelers have resorted to paying large sums for private charter flights to escape the escalating situation.Airports in Oman and Saudi Arabia have reportedly become travel hubs for ultra...

The US and Israel unleashed devastating attacks against Iran on Saturday. (Image: Getty)The US and Israel unleashed a wave of attacks in Iran over the weekend in a coordinated operation. The US claims it was aware Israel was about to attack its long-time adversary and acted before Tehran would have a chance to strike back against its bases.The attacks killed Iranian supreme leader Ali Khamenei and numerous other high-ranking figures. Iran says almost 800 people have lost their lives in the strikes, and their retaliatory attacks against US bases and allied positions across the Middle East threaten to plunge the region into wider conflict.And while Britain wasn't involved in the US-Israeli military action, its wider impacts look certain to be felt by people living in the UK. Iran is a maj...

Bianco Research president and strategist Jim Bianco and The Expert Press CEO Dave Maney break down pressures U.S. CEOs are facing in the labor market. Stanley Black & Decker said it will eliminate roughly 300 positions in New Britain, Connecticut, and close a manufacturing facility that produces single-sided tape measures as part of its ongoing restructuring efforts. The move is tied to what the company described as a sustained decline in demand for the product category. The New Britain site primarily manufactures single-sided tape measures, which the company said are becoming obsolete in certain markets."As a result of a structural decline in demand for single-sided tape measures, we have decided to close our facility in New Britain that predominantly makes these products," De...