Business

Empower Chief Investment Strategist Marta Norton discusses the SCOTUS decision to strike down President Donald Trump's tariffs on ‘The Claman Countdown.’ The Supreme Court ruling that struck down the Trump administration's tariffs imposed under an economic emergency declaration could open the door to billions of dollars in tariff refunds for businesses, though the ruling didn't specify a process for handling those refunds. The Supreme Court ruled that President Donald Trump's tariffs enacted under the International Economic Emergency Powers Act (IEEPA) were illegal because the underlying law doesn't authorize the president to impose tariffs.Striking down the tariffs sends the issue back to the lower courts, which could weigh in on the refund process. However, businesses are already...

FOX Business' Darren Botelho joins 'Mornings with Maria' to discuss the planned reopening of Three Mile Island and why nuclear power is leading America’s energy comeback. Three Mile Island is preparing for a return to service, underscoring how America's fast-growing digital economy is reshaping the nation's energy priorities. FOX Business' Darren Botelho joined Maria Bartiromo on "Mornings with Maria" to report on the planned restart of Three Mile Island and what it signals for America's energy future. 'The Faulkner Focus' anchor Harris Faulkner sheds light on what she learned during her tour of Three Mile Island — now renamed the Crane Clean Energy Center on 'Varney & Co.' Constellation Energy's agreement with Microsoft to purchase power from the Pennsylvania facility marks ...

The Big Money Show panel breaks down the Supreme Court’s 6-3 decision striking down President Donald Trump’s sweeping tariffs, what it means for billions in potential refunds and how the administration’s Plan B could reshape the trade fight. The Supreme Court on Friday struck down a significant portion of the Trump administration's tariffs that the justices found the tariffs were imposed illegally under an emergency economic powers law. The Court issued a 6-3 ruling that held President Donald Trump's use of the International Emergency Economic Powers Act (IEEPA) was illegal as the law "does not authorize the President to impose tariffs. The cases – Learning Resources Inc. v. Trump and Trump v. V.O.S. Selections – were brought by a pair of small businesses: an educational toy manufa...

Brits could slash their energy bills during the chillier months by making a few simple changes around the home, according to new advice from Ofgem. The energy regulator has published 10 practical tips designed to cut household energy use.The advice comes as the latest predictions suggest the energy price cap will fall by £117 in April thanks to government measures to remove levies from bills. Ofgem said: "Small changes around the home can make a real difference to your energy bills – and adding in a few larger upgrades can save hundreds of pounds each year.”Among the suggestions:Get a smart meter to track your energy use in real timeInstall or top up loft insulation to keep heat inShower instead of taking a bathAvoid using the tumble dryerDraught-proof doors and windowsTurn appliances o...

New York City Mayor Zohran Mamdani called for the state to increase taxes on corporations and the wealthy to help address city's budget deficit Tuesday, warning that the alternative option will be for the city to raise property taxes. Some New York City residents argue Mayor Zohran Mamdani is reneging on his affordable housing campaign promises by floating potentially hiking property taxes to balance the city budget.  In rolling out a preliminary fiscal year 2027 budget, Mamdani said hiking property taxes would be a "last resort" if Albany does not cooperate by raising taxes on the wealthy."I don't plan to move. It's my home. I'm not leaving," Vivian Campbell, who bought his two-story single-family home in Cambria Heights, Queens, in the 1990s, reportedly told WABC.  The outlet rep...

A savings provider has earned an "excellent" rating after boosting the interest on its account to 4.25%. Close Brothers Saving is offering the rate on its five year fixed rate cash ISA.The rate is 4.25% AER and payable annually. You will need to open an account with at least £10,000, while the most you can put in is £2million. Your money is locked for five years, with access when the account closes. Caitlyn Eastell, personal finance analyst at Moneyfactscompare.co.uk, said: "Close Brothers Savings has increased the rates across a selection of its Fixed Rate Cash ISAs."The five-year option is one that fares best and now pays a market-leading 4.25%."She noted how savers need to deposit at least £10,000 but said further additions are permitted for 10 days from the account opening, which sh...

White House Deputy Press Secretary and Special Assistant to the President Kush Desai joins ‘Mornings with Maria’ to tout the jobs report, defend President Donald Trump’s tariff strategy and highlight new efforts to lower prescription drug costs. The U.S. economy grew at a much slower than expected pace in the fourth quarter, according to new data released on Wednesday. The Commerce Department's Bureau of Economic Analysis (BEA) released its advance estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew at an annual rate of 1.4% in the fourth quarter, which runs from October through December.Economists surveyed by LSEG had expected the economy to grow at a 3% rate in the quarter. The fourth quarter's 1.4% growth was slower than the 4.4% GDP growt...

The snowy sport perfections of the 2026 Winter Olympics will live in the memory, but don’t be so seduced that you hit the slopes without getting fit first. The risk of injury is not to be under-estimated, advises trauma and orthopaedic specialist Dr Sven Putnis. An NHS surgeon his new business Sven Ski Clinic tackles prevention with targeted exercises and the emerging one of effective treatment pathways.The where, when and how follow ups organised for back in the UK are major factors impacting recovery. “Initial management and advice can often be unreliable and delay the return to life,” Putnis warns.An activity holiday in the snow combining demanding physical engagement and high-octane socialising is like no other. And the pool of punters is getting wider from newbies to rusty returner...

O'Leary Ventures Chairman Kevin O'Leary joins 'Varney & Co.' to weigh in on California’s proposed billionaire tax, the growing wealth exodus from blue states and why America is falling behind China in the AI power race. One of the most acclaimed and successful American filmmakers in history has left California for New York.  Steven Spielberg and his wife, Kate Capshaw, officially became New York residents on Jan. 1, according to a report by the Los Angeles Times. The couple relocated to the San Remo co-op on Central Park West in Manhattan, which has previously housed celebrities including Bono, Mick Jagger, Warren Beatty and Tiger Woods.On the same day that Spielberg reportedly established residency, his production company Amblin Entertainment opened an office in New York City,...

A lack of savings is a real problem for UK households (Image: Getty)A startling warning has been issued to Britain regarding a £1,000 savings gap, which sees nearly one in five households left with less than £1,000 in savings and at risk of financial catastrophe.Research published by AJ Bell in December shows that a startling 19% of households in Britain have less than £1,000 saved in their emergency cash pot, with women and younger people most at risk from unforeseen costs.By contrast, the same amount of over-55s have an average of £20,000 or more in savings, suggesting a generational divide that leaves younger people ‘exposed’ according to the finance firm.AJ Bell suggested that households should build up an emergency fund of at least three months’ worth of essential expenses, and con...