Business

Meta Chief Global Affairs Officer Joel Kaplan told FOX Business the tech company's new nuclear power deals will create thousands of skilled jobs and strengthen the U.S. electric grid. Meta's latest nuclear power deals will help the U.S. "win" the artificial intelligence (AI) race against China as surging energy demand strains the nation’s power grid, the company’s Chief Global Affairs Officer Joel Kaplan told FOX Business. The tech giant announced Friday it has signed 20-year agreements to buy power from three Vistra-owned nuclear plants in Ohio and Pennsylvania, while also helping develop new nuclear projects with Oklo and TerraPower. The deals could supply up to 6.6 gigawatts of nuclear power by 2035, according to Kaplan. "We're just really excited about this opportunity to partn...

Two high street giants have been plunged into administration, putting more than 2,500 jobs and nearly 300 stores at risk. Claire's is a US accessory retailer that first appeared on UK shopping streets in 1997. The firm entered administration in the UK and Ireland in 2025 after its American parent Claire's Holdings LLC initiated bankruptcy proceedings across the pond.A partial rescue deal saw around 156 stores bought and around 1,000 jobs saved, but the troubles have reared their head once again. Owner Modella Capital, which also owns The Original Factory Shop, the other company that has called in administrators, said trade was “alarmingly” low over Christmas, which left both high street names in a "vulnerable" position.Claire's has about 156 stores operating in the UK. There are reporte...

Mike Sommers, American Petroleum Institute President & CEO, discusses the U.S. oil industry's perspective on potential re-engagement in Venezuela on 'Kudlow.' Last week’s capture of Venezuelan president Nicolás Maduro opened the world to see the mess that the country with the largest proven oil deposit in the world was still starving and abusing its people. But there’s more to it than the alleged crimes of the previous leader. Notably, one of Venezuela’s closest allies over the past few years has been the Islamic Republic of Iran. Broadly speaking, that regime is a staunch enemy of the West, and specifically, it hates the U.S. and the freedoms it stands for. "Despite being the country with the largest reserves, Venezuela’s oil industry is no longer able to refine its own gasoli...

Blue Badge permits allow people with disabilities to park closer to their destinations. They are issued by local councils and are valid for three years. However, these permits aren't automatically renewed. Some users might not be aware that they need to apply for renewal before the expiry date indicated on their permit.As per government guidance cited by the Daily Record, people are urged to start their application three months prior to the permit's expiration.This timeframe allows the council sufficient time to process the application and ensures the new permit arrives before the current one becomes invalid. It's worth noting that using an expired Blue Badge could result in fines up to £1,000, so keeping these permits updated is essential.People can verify their eligibility, apply for ...

U.S. Department of Education Secretary Linda McMahon discusses President Donald Trump's Department of Education cutbacks and the role of A.I. in schools on 'Mornings with Maria.' As the United States prepares to celebrate its 250th birthday this July 2026, Education Secretary Linda McMahon is putting renewed focus on something she says is quietly fading from classrooms nationwide: patriotism.  In an appearance on FOX Business’ "Mornings with Maria," McMahon outlined a nationwide push to restore civics education, pride in the American flag, and a shared sense of national identity among America’s youth.McMahon said too many schools have moved away from teaching the basics of what it means to be an American — from understanding the Constitution to showing respect for the nation’s symb...

A scathing new report by the Public Accounts Committee has criticised the Department for Work and Pensions over "unacceptable" waiting times for PIP applications, cautioning that such delays risk plunging claimants into debt and poverty whilst they await support.The report revealed that some people have endured waits exceeding a year for their claims to be dealt with, despite the government's target of processing three quarters of PIP claims within 75 working days. Between 2024 and 2025, just 51% of claims met this 75-working-day threshold.The committee declared: "It is unacceptable how long some PIP claimants are having to wait for their claims to be processed, which can cause them to get into debt and push them into poverty. The Department does not have an adequate plan to improve thi...

Check out what's clicking on FoxBusiness.com. Anthony Hopkins purchased the former home of a beloved Hollywood couple. Fox Business confirmed that the 88-year-old "Silence of the Lambs" star recently purchased Goldie Hawn and Kurt Russell's former home in the Pacific Palisades, reportedly for $13 million.The 6,389-square-foot home, which features five bedrooms, five bathrooms, an attached two-car garage and a temperature-controlled wine room, was placed on the market in late 2025 for $13.4 million in partnership with listing agent Josh Flagg of Compass. "This property is particularly special as it was once home to Goldie Hawn and Kurt Russell. The current owners completely reimagined it into an authentic East Coast traditional, featuring elegant details throughout — including a tem...

Rep. Claudia Tenney, R-N.Y., weighs in on New York City Mayor Eric Adams’ latest indictment charges and its potential impact on the state’s government. Fraud against the government is a huge problem, with the misappropriation of federal funds involving Somali-owned child care centers in Minnesota being just the tip of the iceberg. Indeed, according to Government Accounting Office estimates, the federal government loses between $233 billion and $521 billion annually to fraud.   Fraud involving federal set-aside programs is particularly pernicious. These programs typically reserve government benefits exclusively for small, disadvantaged businesses to ensure that they can compete on a level playing field against large companies.  But some ineligible large companies seek to exploit the...

FOX Business' Kelly Saberi joins ‘Varney & Co’ to report on how Midwest drone startups are training US troops for the future of warfare amid growing competition from China. In an unassuming town outside Detroit, a small American startup is quietly preparing U.S. troops for the next era of warfare — where battles won’t be fought by soldiers, but by swarms of machines.Swarm Defense originally built its business around large-scale drone light shows but has since pivoted into military applications. Today, the same coordination and precision once used for entertainment are being applied to help replicate one of the most complex threats facing modern soldiers: coordinated drone-swarm attacks. Rep. Rick Crawford, R-Ark., discusses the Trump administration’s ban on foreign-made dron...

Millions of Brits could be heading for a retirement shock, with many falling tens of thousands of pounds short of the lifestyle they believe they've been saving for. Pension experts at PensionBee highlighted a "stark mismatch" between what people expect from their retirement savings and the harsh reality they'll face, often discovering the shortfall far too late.Whilst it's challenging to calculate exactly how much someone needs to save for retirement due to uncertainties around life expectancy, the Pensions UK Retirement Living Standards report indicates that a comfortable retirement requires nearly £44,000 annually for a single person.Despite conscientious savers believing they're on track for this lifestyle through their regular contributions, experts have found that the typical pens...