Business

Anduril founder Palmer Luckey addresses the capture of former Venezuelan President Nicolas Maduro, being sanctioned by China over arm sales to Taiwan and more on 'The Claman Countdown.' A U.S. defense tech company executive who has been personally sanctioned by China over his company's arm sales to Taiwan says he wears the ban as a badge of honor. "It’s an award I’m very, very proud to win," Anduril founder Palmer Luckey told FOX Business anchor Liz Claman from CES 2026 in Las Vegas Wednesday.Just one week after Washington announced an arms-sale package valued at more than $10 billion to Taiwan, Beijing imposed sanctions on 20 U.S. defense companies and 10 senior executives, including Luckey. SCOTT PUSHES 'AGGRESSIVE POSTURE AGAINST CHINA,' FOCUSING ON CHIPS, AI IN DEFENSE BILL NOW...

FOX Business' Max Gorden joins 'Varney & Co.' to break down President Donald Trump’s push for tiny Kei cars to be built in America and whether U.S. drivers are ready to downsize. The Treasury Department is implementing President Donald Trump’s No Tax on Car Loan Interest policy, a measure designed to lower costs for American families, Treasury Secretary Scott Bessent said Wednesday. The policy, enacted as part of Trump’s "big, beautiful bill," allows eligible taxpayers to deduct up to $10,000 a year in car loan interest on new, U.S.-assembled vehicles purchased between 2025 and 2028."Treasury is implementing President Trump’s No Tax on American Car Loan Interest, putting money back in the pockets of working and middle-class families," Bessent wrote on X.  "For new U.S.-assemble...

The most recent data from the Department for Work and Pensions (DWP) reveals that by the end of February 2025, more than 1.7 million elderly people were in receipt of extra financial assistance via Attendance Allowance.This benefit delivers either £73.90 or £110.40 weekly, and since payments are usually made every four weeks, recipients obtain either £295.60 or £441.60 per payment cycle. The weekly payment amount a person receives is determined by their required level of care.DWP guidance clarifies that those needing "frequent help or constant supervision during the day, or supervision at night" will obtain the lower rate of £73.90, whilst those requiring "help or supervision throughout both day and night, or a medical professional has said you're nearing the end of life" will secure th...

Former Mayor of Miami Francis Suarez joins ‘Varney & Co.’ to discuss the capture of Nicolás Maduro, backlash from the left and what the operation could mean for a democratic transition in Venezuela. Former Miami Mayor Francis Suarez has been closely watching the situation after the capture of Venezuelan leader Nicolás Maduro and outlined what needs to happen next for Cuba to transition away from its socialist grip. "As the Secretary of State said, I would not be the president of Cuba or any Cuban official sleeping well at night, knowing what I just saw in Venezuela," Suarez said on "Varney & Co." Wednesday."The first thing that has to happen, of course, and I think what the president and what the secretary of state is focused on, is step two in Venezuela — making sure that ...

Britain's housebuilding sector has remained mired in its most severe downturn since the start of the Covid pandemic, whilst the broader construction industry has entered a year-long decline, according to new survey findings.Residential construction, commercial building projects, and civil engineering all continued to shrink dramatically at the close of 2025. The most recent S&P Global UK construction purchasing managers' index (PMI) recorded a figure of 40.1 in December, rising from 39.4 in November. This remained beneath the neutral 50-point benchmark, signalling that activity has declined for the 12th month in a row. It comes despite Labour's manifesto pledge to build 1.5 million homes over five years to boost homeownership for first-time buyers "in every community".Economist Juli...

'The Big Money Show' panel examines how tax cuts, small business incentives and falling inflation could shape the economy and upcoming midterm elections. President Donald Trump wants to make homeownership the center of the American Dream once again. He's now proposing a ban on "large institutional investors" purchasing single-family homes. "For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans," Trump wrote in a Truth Social post on Wednesday. "It is for that reason, and much more...

Rachel Reeves has been warned that money in people's pension pots shouldn't be a "plaything" for governments. Former pensions minister, Sir Steve Webb, a partner at consultancy LCP, said confidence in pensions could be seriously undermined if savers believe their best interests aren't the top priority of their scheme.His warning comes as countries including the UK pursue steps to channel large pension pots towards domestic investment to boost sluggish economic growth rates. Some pensions experts have raised concerns such moves could affect returns and discourage pension saving.Sir Steve told the Financial Times: "The money in people’s pensions should not be a plaything of governments."He added it is already hard enough to get people to lock money away and save for the long-term, adding ...

‘Barron’s Roundtable’ panelists Jack Hough, Elizabeth O’Brien and Andrew Bary break down three topics investors should keep in mind. An Alaska Airlines pilot credited with safely landing a jet after a midair cabin panel blowout is reportedly suing Boeing, alleging the aircraft manufacturer attempted to shift blame for the incident onto him. Capt. Brandon Fisher filed the lawsuit on Dec. 30 in Oregon, seeking $10 million in damages. The complaint alleges Boeing tried to make Fisher a "scapegoat" in the aftermath of the emergency.The lawsuit stems from Alaska Airlines Flight 1282, a Boeing 737 Max 9 that was forced to make an emergency landing shortly after departing Portland, Oregon, on Jan. 5, 2024, when a cabin door plug blew out mid-flight.  All 177 people on board survived. NTSB...

He added: "If that's you, get your skates on because if you miss a deadline, there's a 100 quid fine, but more painfully, there's also 7.75% interest on unpaid tax."In fact, what that means is even if you can't do the form in time, have a rough guess of what you owe and pay that because that would reduce any interest you needed to pay for late payment of your tax."Who needs to heed this adviceMr Lewis clarified: "Well, the first thing to say is anyone HMRC has told to do so. If you've been sent a self-assessment tax form to do it, you have to do it, even if you don't think you have to, you have to do it. Now, that's more likely with people who are higher 40% or additional top 45% rate taxpayers or people with complex tax affairs."The other main categories of who should do it if you have...

Scarlet Oak economic strategist and wealth manager Frances Newton assesses the state of the market and the Federal Reserve’s strategy on ‘Making Money.’ President Donald Trump on Wednesday announced plans to ban institutional investors from purchasing single-family homes in what he sees as a means of improving affordability for Americans. Trump wrote in a post on his Truth Social platform that, "For a very long time, buying and owning a home was considered the pinnacle of the American Dream." "It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans." TEXAS, FLORIDA AGAIN TOP U-H...