Business

Payne Capital Management President Ryan Payne explains why tech earnings remain strong despite a recent dip and how AI hiring could help offset a wave of baby boomer retirements on ‘Mornings with Maria’. Amazon’s latest wave of layoffs has reportedly hit New York, with hundreds of employees losing their jobs. Roughly 135 corporate employees at Amazon’s 1440 Broadway office in Manhattan were laid off in January, according to the New York Post, citing a filing submitted to the New York State Department of Labor.More than 100 other New York-based employees were also let go, the outlet reported, citing a source who said additional filings are expected to surface in state records in the coming weeks. AMAZON VAN GETS STUCK IN 'DANGEROUS' MUDFLATS AFTER DRIVER FOLLOWS GPS ROUTE The A...

FOX Business' Jeff Flock joins 'Mornings with Maria' live from Austin, Texas, showcasing 3D-printed homes. Mortgage rates dropped this week to the lowest level since September 2022, 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 fell to 6.01% from last week's reading of 6.09%. The average rate on a 30-year loan was 6.85% a year ago. RENT BECOMING MORE AFFORDABLE FOR MANY AMERICANS AS MARKET STABILIZES The average rate on the 30-year fixed mortgage fell to 6.01% this week, Freddie Mac said. (Ty Wright/Bloomberg via Getty Images)"This lower rate environment is not only improving affordability for prospective homebuyers, it’s also strengthening the fi...

Check out what's clicking on FoxBusiness.com. The U.S. Equal Employment Opportunity Commission (EEOC) filed a lawsuit against Coca-Cola Beverages Northeast, Inc., a producer, seller and distributor of Coca-Cola products, alleging sex discrimination.  The EEOC claims the Coca-Cola distributor excluded male employees from an employer-sponsored event.The lawsuit was launched by the EEOC's Boston Area Office, the commission noted. The EEOC is responsible for investigating and litigating possible instances of employment discrimination. The commission alleged in an announcement of the lawsuit that, in September 2024, Coca-Cola Northeast held a two-day employer-sponsored trip and networking event at Connecticut's Mohegan Sun Casino and Resort. THOUSANDS OF POPULAR PRODUCTS, INCLUDING DIET...

Rep. Kevin Kiley, R-Calif., discusses Bernie Sanders' push for a state billionaire tax, explaining how it drives wealth out of California and more on ‘The Bottom Line.’ Sen. Bernie Sanders and former Labor Secretary Robert Reich are escalating their attacks on America’s wealthiest individuals, accusing the "billionaire class" of having an "addiction" to greed as they push aggressive new tax hikes in solidly Democratic states like California and New York. "Governors Hochul and Newsom: Don’t worry about raising taxes on the rich. True, a few rich people may abandon New York or California if taxes on them are raised, but evidence suggests the vast majority will stay put," Reich wrote in a Substack post on Wednesday."Never before in American history have we seen the kind of greed and a...

Check out what's clicking on FoxBusiness.com. Tesla CEO Elon Musk said the company plans to sell its fully autonomous Cybercab for $30,000 or less by 2027. The electric-vehicle maker announced Tuesday that the first Cybercab had rolled off the production line at its Giga Texas factory. Shortly after, Musk responded on X to a user seeking clarification about whether the vehicle would actually launch at that price point before 2027."Elon – to be clear – the bet was that Tesla wouldn't sell a Cybercab to a customer for $30k or less before 2027," the user asked. "Are you saying THAT specifically is going to happen?" "Yes," Musk responded. TESLA DODGES CALIFORNIA LICENSE SUSPENSION AFTER DROPPING MISLEADING 'AUTOPILOT' MARKETING TERMS Elon Musk attends the Viva Technology conference...

At the end of October, 753,206 Brits aged between 65 and 79 saw their monthly income boosted by up to £1,670,80 thanks to PIP. Meanwhile, there are 529,216 people aged between 60 and 64 receiving support of between £116.80 and £749.80 every four weeks.However, as reported by the Daily Record, people over 56 may not be aware of a award they can receive. A change to PIP guidance said: "Claimants whose review would have taken place when they were of State Pension age means they are now generally awarded ongoing awards."Although awards are set on an individual basis and based on the claimant's needs, they typically last for 10 years. They take into account planned therapy or learning to manage a condition.PIP is made up of the daily living and mobility components. The former has a standard ...

FOX Business' Lauren Simonetti takes viewers deep inside a working coal mine as officials push to expand production to meet surging electricity demand driven by data centers, EVs and electrification. The Trump administration is stepping up its push to reinvigorate the U.S. coal industry as it pursues its goal of boosting energy security. Last week, the Department of Energy announced it would provide $175 million in funding for projects to modernize, retrofit and extend the useful life of six coal-fired power plants that serve rural and remote communities. The agency said the move is intended to keep dependable sources of energy online, while also strengthening the reliability of the electric grid and keeping electricity costs low for American households and businesses. The funding ...

Pension Credit is worth around £86 a week on average (Image: Getty)State pensioners are being urged to boost their income by around £86 per week with a single claim to the Department for Work and Pensions (DWP).Pension Credit provides pensioners on a low income with extra money to help with living costs and is worth around £86 a week on average, according to the DWP. But it also opens the doors to a wealth of other financial support, including the Winter Fuel Payment, Council Tax discount and help with heating bills, so it’s well worth claiming if you qualify. The DWP has this week issued a reminder to pensioners to check their eligibility as Cold Weather Payments have been paid to almost 1.5 million households - a payment you receive automatically if you get Pension Credit.The governme...

Johnson & Johnson executive vice president and CFO Joseph Wolk discusses the companys performance and President Donald Trumps healthcare agenda on The Claman Countdown. Johnson & Johnson on Wednesday announced plans to invest more than $1 billion in a next-generation manufacturing facility that will produce advanced cell therapy technologies. The facility will be located in Montgomery County, Pennsylvania, and Johnson & Johnson said the move will expand its U.S. manufacturing capacity along with its pipeline of transformational medicines for cancer, immune-mediated and neurological diseases.Johnson & Johnson added that the facility will have cutting-edge manufacturing processes and support over 500 skilled biomanufacturing jobs once it's fully operational, as well a...

Now is a good time of year to think about repotting your house plants (Image: Getty) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Now is a good time of year to think about giving your house plants a spruce up. You may want to repot them to get them ready for the spring season.Luke Newnes, gardening and plant expert at Hillarys, has shared some tips about how to best take care of your indoor plants. He said: "As we get closer to spring, I always think of this time of year as a bit of a 'wake up stretch' for houseplants."They've been sitting quietly through winter, using very little energy, and the increasing daylight is their signal to get moving again. So the best thing you can do right now is simply help them ease back...