Business

Uber and Waymo launch autonomous rides in Austin, Texas. Uber warned Colorado that it may cease operations in the state entirely if a new bill targeting rideshare companies were to become law. The Colorado House of Representatives successfully passed a bill designed to "increase protections for persons engaged with transportation network companies" on April 16. Among those protections included conducting a regular criminal background check for drivers every six months and requiring drivers to make audio and video recordings of trips.The HB25-1291 bill passed on 59-6 bipartisan vote before it was referred to the Senate Committee on Business, Labor, & Technology, where it was amended to the Committee of the Whole on a 4-3 vote on Tuesday. The bill will be reviewed by the state Se...

Bank of America CEO Brian Moynihan evaluates the state of the U.S. economy, trade and tariffs on ‘Special Report.' The White House has been working to secure numerous trade deals during President Donald Trump's 90-day tariff pause, but the overall tariff tussle has caused an increase in U.S. market volatility. One leading U.S. bank CEO argued that a "blueprint" deal could do a lot to "calm the market down." On Tuesday, White House press secretary Karoline Leavitt said the Trump administration now has "18 proposals on paper" for trade deals, but there is still much anticipation around when a deal will actually happen. A trade deal announcement would accomplish two key objectives for Trump, Bank of America CEO Brian Moynihan told Fox News."One is it [a trade deal] would give them [Tr...

'Kudlow' panelists Gerri Willis and John Carney discuss efforts to remake the world trading system. Google parent Alphabet said it would buy back $70 billion worth of shares and increase its dividend by 5% as it reported first-quarter earnings above Wall Street expectations on Thursday. Shares jumped 4% in extended trading, adding about $75 billion to the company's market value.Alphabet beat quarterly revenue estimates, benefiting from steady growth in its digital advertising business, which helped offset muted growth at its cloud computing unit. 3M BEATS FIRST-QUARTER ESTIMATES, FLAGS POTENTIAL TARIFF HIT ON 2025 PROFIT Alphabet CEO Sundar Pichai. (Photo by Christoph Soeder/picture alliance via Getty Images / Getty Images)U.S. President Donald Trump's trade policy has trigger...

Sen. Kevin Cramer, R-N.D., talks 'spending discipline,' a potential millionaire tax and the importance of Republicans' policy alignment. Some Republican lawmakers are seeking an increase in the child tax credit while scrapping other controversial tax benefits.The "Family First Act," sponsored by Sen. Jim Banks, R-Ind., and Rep. Blake Moore, R-Utah, would raise the credit to $4,200 for children under 6 years old and $3,000 for older children. Families can claim the credit for up to six children and would be "fully refundable." Notably, the legislation would add a $2,800 credit for pregnant women starting at 20 weeks. The credit amounts are expected to rise with inflation over time.TRUMP HOUSE GOP ALLY ON BOARD WITH TAX HIKE FOR ULTRAWEALTHY TO FUND 'BIG, BEAUTIFUL BILL' "Strong...

The Department for Work and Pensions (DWP) has unveiled fresh plans to boost the uptake of Pension Credit. This is a means-tested benefit designed to support low-income pensioners by increasing their annual income by an average of £4,300.Pensions Minister Torsten Bell revealed that the DWP is now proactively contacting all pensioners who submit new claims for Housing Benefit and appear to be eligible for Pension Credit, in a bid to encourage this specific group to make a claim.He said: "In the longer term, we will be bringing together the administration of Pension Credit and Housing Benefit, so that pensioners receive both Housing Benefit and any Pension Credit that they are entitled to."This announcement follows a query from Labour MP Imran Hussain regarding Pension Credit. According t...

Rep. Greg Murphy, R-N.C., joins ‘Mornings with Maria’ to analyze China’s latest claim that there are no ongoing trade talks with the U.S. The Trump Organization is back in the spotlight — this time with a bold new piece of headwear. The official Trump Store, an online retailer, launched a red "Trump 2028" hat, priced at $50 and proudly made in America. The high-crown cap features full embroidery, a snap closure, and, as the product page puts it, invites fans to "make a statement" — and judging by the chatter online, it’s doing just that.The rollout comes as President Donald Trump — who is currently serving his second term — has once again teased the idea of extending his presidential legacy past 2028. "No, I'm not joking," Trump said in a March NBC News interview, in comments that ...

Steve Webb, partner at pension consultants LCP and former Pensions Minister, said the Government's figures indicate a long-term reduction in state support.He said: "The decision to restrict Winter Fuel Payments to those on Pension Credit has already taken the payment away from the large majority of pensioners."But what may not be appreciated is that as fewer and fewer pensioners are entitled to Pension Credit in future, this will mean fewer pensioners retaining help with their Winter Fuel Payments."The recent publicity boost for Pension Credit does not change the long-term downward trend in the numbers receiving the benefit."An Age UK spokesperson said: "We are very concerned that more older people will be left without vital help to heat their homes during the winter."Many pensioners on...

B. Riley Wealth Management chief market strategist Art Hogan discusses the keys to selecting stocks in a volatile market on 'Making Money.' Intel forecast second-quarter revenue below Wall Street estimates on Thursday, casting a shadow over new CEO Lip-Bu Tan's first round of earnings at the helm, against the backdrop of a raging Sino-U.S. trade war. Intel shares were down 5.8% in extended trading.The dour outlook from Intel could be another source of pessimism for investors who are counting on Tan to turn the chipmaker around after years of missteps have left it struggling to gain a foothold in the booming AI market. GOOGLE PARENT ALPHABET BUYS BACK STOCK, EXTENDS DIVIDEND IN EARNINGS BEAT The Santa Clara, California-based company expects revenue of $11.2 billion to $12.4 billion ...

Martin Lewis' Money Saving Expert has some potentially vital advice for people who have accumulated several small pension pots. Under the Government's Pension Schemes Bill, set out during the King's Speech in July 2024, new measures could be put before Parliament in July this year. According to the Department of Work and Pensions, there is a growing problem of people accumulating small pension pots forgotten as they move between employers over their working lives. The DWP said: "There are now 13 million of these small pots, holding £1,000 or less, with the number increasing by around one million a year. Under reforms introduced by this government as part of the Pension Schemes Bill, each individual’s small pots will be brought together into one pension scheme that is certified as delive...

Check out what's clicking on FoxBusiness.com. Saks Fifth Avenue will permanently shut the doors of its Union Square location in San Francisco on May 10. The luxury retailer joins a long list of brands that have closed their San Francisco locations. In July 2024, the store announced it would be moving to an appointment-only model, meaning those looking to browse freely would have to go elsewhere. The brand has also implemented this policy at its Fifth Avenue Club locations in nearby Palo Alto and Napa."While we saw meaningful engagement and success through the appointment-only format, we have made this decision as part of our integration process as we focus on long-term growth. We look forward to serving the Bay Area community at Neiman Marcus San Francisco, Neiman Marcus Palo Alto,...