Latest Business News on Fox Business https://www.foxbusiness.com/ Discover the latest breaking business news feed with Fox Business. Find out what the latest news is and read about the latest news happening today. Copyright 2024 FOX Business Network en-us Mon, 18 Mar 2024 21:14:41 -0400 https://static.foxnews.com/static/orion/styles/img/fox-business/logos/fox-business-logo.png Latest Business News on Fox Business https://www.foxbusiness.com/ https://www.foxbusiness.com/fox-news-us/uber-responds-after-texas-toddler-tragically-hit-killed-driver-dropping-off-family-heartbreaking https://www.foxbusiness.com/fox-news-us/uber-responds-after-texas-toddler-tragically-hit-killed-driver-dropping-off-family-heartbreaking Uber responds after Texas toddler tragically hit, killed by driver dropping off family: ‘Heartbreaking’ Uber said &quot;our thoughts go out to the victim&apos;s family&quot; after a 1-year-old girl was run over by driver who was dropping off her family in Houston. <p><a href="https://www.foxbusiness.com/category/uber" target="_blank" rel="noopener">Uber responded</a> after a 1-year-old child was fatally hit by a driver as he dropped off her family at a Houston-area apartment complex before he was assaulted, authorities said. </p><p>"The details of what’s been reported are heartbreaking, and our thoughts go out to the victim’s family," a statement from Uber to FOX Business stated. "We have removed the driver’s access to the platform while this investigation is ongoing and are standing by to assist police however we can."</p><p>On Sunday, the driver was in a 2018 Volkswagen Atlas when he dropped off the girl's family at 15502 Waverly Dr., the Harris County Sheriff's Office said. The child's mother exited the vehicle first, followed by the child. </p><p>The driver, not seeing the child, began to drive and struck her before she became trapped under one of the car's tires. </p><p><a href="https://www.foxbusiness.com/lifestyle/uber-lyft-to-leave-minneapolis-due-to-minimum-wage-law" target="_blank" rel="noopener"><strong><u>UBER, LYFT TO LEAVE MINNEAPOLIS DUE TO MINIMUM WAGE LAW</u></strong></a></p><p>"This is when both of the adult females and several other adult males began trying to remove the juvenile from being stuck," the sheriff's department said in a statement. The driver "attempted to move the vehicle but was unsuccessful due to all parties <a href="https://www.foxnews.com/category/us/crime" target="_blank" rel="noopener">assaulting him</a> and pulling him from the vehicle."</p><p>The car was eventually moved by a male and the child was taken to a nearby gas station in another vehicle. First responders arrived at the scene and took the girl to a hospital in the Houston suburb of Kingwood. </p><p>Doctors there pronounced the child to "have no signs of life," authorities said. The driver cooperated with investigators and was taken to a hospital for his injuries.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>No charges have been filed. The child's death is <a href="https://www.foxnews.com/category/us/crime/police-and-law-enforcement" target="_blank" rel="noopener">under investigation.</a> </p> e5316b8b-14e1-5b4f-aa6e-ce4616cb4db5 fbn Fox Business fox-business/money/crime fox-business/organization/uber fox-news/fox-news-us/fox-news-us-regions/fox-news-southwest/fox-news-texas fox-news/fox-news-us fox-news/fox-news-weather/fox-news-us article Mon, 18 Mar 2024 21:14:41 -0400 https://www.foxbusiness.com/technology/nvidia-unveils-robots-powered-super-computer-ai-take-worlds-heavy-industries https://www.foxbusiness.com/technology/nvidia-unveils-robots-powered-super-computer-ai-take-worlds-heavy-industries Nvidia unveils robots powered by super computer and AI to take on world’s heavy industries Nvidia announced plans for a software and hardware package consisting of generative artificial intelligence, to be used with robotics that can make better decisions over time. <p><a href="https://www.foxbusiness.com/quote?stockTicker=NVDA" target="_blank" rel="noopener">Nvidia unveiled</a> Monday that it is planning to release a software and hardware platform that can be used to build human-like robots which will continue to learn through generative artificial intelligence (AI).</p><p>The platform is made up of a computer system to power the robot and AI, along with a suite of software that includes various tools like genAI, to build human-like robots.</p><p>Nvidia made the announcement during its annual developer conference, where it touted the abilities genAI will provide for the robots.</p><p>Jim Fan a research manager and lead of embodied AI at Nvidia posted to X that through GR00T, robots will be able to understand instructions through language, video and demonstrations to perform a variety of tasks.</p><p><a href="https://www.foxbusiness.com/technology/us-funded-report-issues-urgent-ai-warning-uncontrollable-systems-turning-humans" target="_blank" rel="noopener"><strong>US-FUNDED REPORT ISSUES URGENT AI WARNING OF ‘UNCONTROLLABLE’SYSTEMS TURNING ON HUMANS</strong></a></p><p>"We are collaborating with many leading humanoid companies around the world, so that GR00T may transfer across embodiments and help the ecosystem thrive," Fan said.</p><p>He also said Project GR00T is a "cornerstone" of the "Foundation Agent" roadmap for the GEAR Lab. Fan said at GEAR, the team is building robots that learn to act skillfully in many worlds, both virtual and real. He also provided a video in the post showing team members working with robots.</p><p>"These smarter, faster, better robots will be deployed in the world's heavy industries," Rev Lebaredian, Vice President, Omniverse and Simulation Technology, told reporters. "We are working with the world's entire robot and simulation ecosystem to accelerate development and adoption."</p><p>Nvidia’s "Jetson Thor" is the computer behind the <a href="https://www.foxbusiness.com/category/artificial-intelligence" target="_blank" rel="noopener">genAI software</a>, while the package of software is called the "Isaac" platform.</p><p>"Jetson Thor" will provide enough horsepower for the robot to be able to compute and perform complex tasks, the company noted, while also allowing the robot to interact with other machines and people.</p><p><a href="https://www.foxnews.com/tech/what-is-ai-artificial-intelligence" target="_blank" rel="noopener"><strong><u>WHAT IS ARTIFICIAL INTELLIGENCE (AI)?</u></strong></a></p><p>"Isaac" and the new GR00T features will enable "any robot embodiment in any environment," Nvidia added.</p><p>Over time, the tools will train the software to improve its decision-making through reinforcement learning.</p><p>Along with the software and hardware platform, Nvidia announced it would be releasing pre-trained robotics models and additional software to improve camera sensing abilities and robotic arm functions.</p><p>Earlier this month, Nvidia CEO Jensen Huang announced that artificial general intelligence (AGI) could arrive in as little as five years.</p><p><a href="https://www.foxbusiness.com/technology/nvidia-ceo-jensen-huang-says-ai-could-pass-most-human-tests-5-years" target="_blank" rel="noopener"><strong>NVIDIA CEO JENSEN HUANG SAYS AI COULD PASS MOST HUMAN TESTS IN 5 YEARS</strong></a></p><p>The company’s artificial intelligence chips are being used to create systems like OpenAI’s ChatGPT, and Huang said AGI’s arrival depends largely on how the goal of AGI is defined.</p><p>"If I gave an AI… every single test that you can possibly imagine, you make that list of tests and put it in front of the <a href="https://www.foxbusiness.com/technology" target="_blank" rel="noopener">computer science industry</a>, and I'm guessing in five years’ time, we'll do well on every single one," Huang said.</p><p>AI can currently pass tests like legal bar exams but has struggled on specialized medical tests like gastroenterology.</p><p><a href="https://www.foxbusiness.com/markets/nvidia-ceo-9-6-billion-richer-ai-chipmakers-stock-soars" target="_blank" rel="noopener"><strong><u>NVIDIA CEO IS $9.6B RICHER AS AI CHIPMAKER'S STOCK SOARS</u></strong></a></p><p>But how fast AI can develop and learn has many people concerned about robots taking over the world.</p><p>The U.S. government commissioned a report that came out earlier this month, saying there is a "clear and urgent need" to act, as swiftly developing artificial intelligence could potentially lead to human extinction through weaponization and loss of control.</p><p>"Given the growing risk to national security posed by rapidly expanding AI capabilities from weaponization and loss of control — and particularly, the fact that the ongoing proliferation of these capabilities serves to amplify both risks — there is a clear and urgent need for the U.S. government to intervene," read the report, issued by Gladstone AI Inc.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p>The report also recommended the government tighten controls on the manufacture and export of AI chips.</p><p><i>Fox News Digital’s Stephen Sorace and Eric Revell, and Reuters contributed to this report.</i></p> bbf89990-2c5d-5521-b0af-2093dc4c5d35 fbn Fox Business fox-business/topic/artificial-intelligence fox-business/tech fox-news/fox-news-tech/fox-news-technologies/fox-news-robots fox-business/technology article Mon, 18 Mar 2024 20:21:59 -0400 https://www.foxbusiness.com/politics/conservative-investment-fund-divests-from-tyson-foods-over-migrant-hiring https://www.foxbusiness.com/politics/conservative-investment-fund-divests-from-tyson-foods-over-migrant-hiring Conservative investment fund divests from Tyson Foods over migrant hiring A conservative oriented ETF is divesting its stake in Tyson Foods over the company&apos;s plans to hire migrants and refugees amid the ongoing crisis at the southern border. <p>A conservative-oriented investment fund is divesting from Tyson Foods over the company's plans to hire <a href="https://www.foxbusiness.com/category/fox-news-immigration" target="_blank" rel="noopener"><u>migrants and refugees</u></a> that the fund believes will alienate customers due to the ongoing crisis at the southern border.</p><p>The American Conservative Values ETF, an actively managed <a href="https://www.foxbusiness.com/category/etfs" target="_blank" rel="noopener"><u>exchange-traded fund</u></a> created by Ridgeline Research LLC to cater to ideologically conservative investors, announced Monday that it divested its holdings of Tyson Foods and placed a "refuse to buy" rating on the food giant's stock. Ridgeline founder and CEO Bill Flaig told FOX Business, "We believe Tyson's management has blundered into a political minefield (and should have known better)."</p><p>"The risk of alienating a significant percentage of their customers outweighs any potential economic benefit. In a recent Pew Research poll, 80% of U.S. adults say the U.S. government is doing a bad job of handling the migrant influx. We have seen the negative impact of alienating customers recently with Bud Light and Target and by divesting we are protecting our shareholders," Flaig added.</p><p>In 2022, Tyson Foods joined the non-profit Tent Partnership for Refugees, which was started by Chobani yogurt founder and CEO Hamdi Ulukaya to create a program for the private sector to help refugees find employment. Tyson committed to hiring 2,500 refugees in the U.S. over the course of three years when it joined the partnership.</p><p><a href="https://www.foxbusiness.com/fox-news-us/tyson-foods-hoping-hire-40000-asylum-seekers-immigrants-labor-manufacturing-jobs" target="_blank" rel="noopener"><strong><u>TYSON FOODS HOPING TO HIRE THOUSANDS OF MIGRANTS FOR LABOR-MANUFACTURING JOBS: REPORT</u></strong></a></p><p>A report by Bloomberg News indicated that Tyson indicated that Tyson officials met with migrants at Chobani's offices last month to hire 17 asylum seekers from Venezuela, Mexico and Colombia for jobs at its plant in Tennessee, and that it hired 70 more in early March.</p><p>The outlet reported that Tyson Foods' Garrett Dolan, who works in the multinational conglomerate's human resources department, said that migrants are "very, very loyal" and explained, "They've been uprooted and what they want is stability — what they want is a sense of belonging."</p><p>"We would like to employ another 42,000 if we could find them," Dolan added in reference to the roughly 42,000 immigrants in the company's workforce of 120,000. He explained that the <a href="https://www.foxbusiness.com/category/food-drinks" target="_blank" rel="noopener"><u>meatpacking industry</u></a> at large deals with turnover of about 40% of the workers in factory roles each year — which means Tyson needs to hire about 52,000 workers this year to fill jobs that pay about $16.50 an hour plus benefits. </p><p><a href="https://www.foxnews.com/media/tyson-hiring-migrants-laying-off-us-workers-decimation-american-dream-top-republican" target="_blank" rel="noopener"><strong><u>TYSON HIRING MIGRANTS WHILE LAYING OFF US WORKERS IS THE 'DECIMATION OF THE AMERICAN DREAM': TOP REPUBLICAN</u></strong></a></p><p>The news comes as Tyson announced last week that it will close a pork plant in Perry, Iowa, in June that employs about 1,200 workers amid slowing demand for some products. Tyson Foods has disputed that its closure of the plant and other facilities is related to its hiring practices amid reports that sought to link the two matters. </p><p>To that, Flaig said, "That response reinforces that their management teams don't get it and how inadequate that response is to Americans concerned about the open border."</p><p><a href="https://www.foxbusiness.com/politics/elon-musk-says-democrats-allow-illegal-immigration-build-political-power" target="_blank" rel="noopener"><strong><u>ELON MUSK SAYS DEMOCRATS ALLOW ILLEGAL IMMIGRATION TO BUILD POLITICAL POWER</u></strong></a></p><p>The company released a statement to emphasize that it opposes <a href="https://www.foxbusiness.com/category/fox-news-illegal-immigrants" target="_blank" rel="noopener"><u>illegal immigration</u></a> and that Tyson's workers are required to be legally authorized to work in the country.</p><p>"In recent days, there has been a lot of misinformation in the media about our company, and we feel compelled to set the record straight. Tyson Foods is strongly opposed to illegal immigration, and we led the way in participating in the two major government programs to help employers combat unlawful employment, E-Verify and the Mutual Agreement between Government and Employers (IMAGE) program," the statement said.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p><i>Reuters contributed to this report.</i></p> 44062e82-5f74-5998-9877-cb4fec63ffc4 fbn Fox Business fox-news/fox-news-lifestyle/fox-news-food fox-news/fox-news-us/fox-news-immigration fox-business/politics fox-news/fox-news-us/fox-news-immigration/fox-news-illegal-immigrants fox-business/investing-and-transactions fox-business/lifestyle/food-drinks fox-business/politics article Mon, 18 Mar 2024 19:57:20 -0400 https://www.foxbusiness.com/markets/starbucks-re-aligns-top-leadership-roles-splitting-us-international-ceos https://www.foxbusiness.com/markets/starbucks-re-aligns-top-leadership-roles-splitting-us-international-ceos Starbucks re-aligns top leadership roles splitting US and international CEOs Starbucks in adding two additional CEOs, splitting up the North American and international regions as part of a realignment in its global leadership structure. <p><a href="https://www.foxbusiness.com/category/starbucks" target="_blank" rel="noopener">Starbucks is mixing things up</a> in its top leadership structure, appointing additional CEOs to oversee certain geographic regions.</p><p>The <a href="https://www.foxbusiness.com/category/food-drinks" target="_blank" rel="noopener">coffee giant</a> announced Monday it has created a new role of CEO for North America, tapping 13-year Starbucks veteran Michael Conway for the job. Conway currently serves as group president for international and channel development.</p><p>Starbucks will also elevate chief marketing officer Brady Brewer, who has spent 20 years with the company, to assume the role of CEO, Starbucks International. </p><p><a href="https://www.foxbusiness.com/markets/mcdonalds-outage-shows-challenge-of-going-from-big-mac-to-big-tech" target="_blank" rel="noopener"><strong>MCDONALD'S OUTAGE SHOWS CHALLENGE OF GOING FROM BIG MAC TO BIG TECH</strong></a></p><p>Brewer will oversee several regions, including Asia Pacific; Europe, the <a href="https://www.foxnews.com/category/world/world-regions/middle-east" target="_blank" rel="noopener">Middle East</a> and Africa; Japan; Latin America and the Caribbean.</p><p>Chairwoman Belinda Wong and Molly Liu will continue their roles as co-CEOs of the Starbucks China team.</p><p><a href="https://www.foxbusiness.com/lifestyle/chick-fil-a-launching-manhattan-restaurant-geared-with-mobile-pickup-delivery-only" target="_blank" rel="noopener"><strong>CHICK-FIL-A LAUNCHING MANHATTAN RESTAURANT WITH MOBILE PICKUP AND DELIVERY ONLY</strong></a></p><p>"We are making strong progress against our Triple Shot with Two Pumps Reinvention plan," <a href="https://www.foxbusiness.com/business-leaders" target="_blank" rel="noopener">Laxman Narasimhan, Starbucks chief executive officer</a>, said in a statement announcing the move. </p><p>"To further accelerate progress, consistent with our ambitions, we are realigning the organization to balance clear geographical focus with investing in functional capabilities to scale around the world, generating productivity and reinvigorating our partner culture," Narasimhan added.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>The leadership changes will go into effect April 1.</p> 98c0a5e3-9d1a-50bd-a913-074887eb776b fbn Fox Business fox-business/organization/starbucks fox-business/markets fox-business/business-leaders fox-business/lifestyle/food-drinks fox-business/markets article Mon, 18 Mar 2024 19:40:53 -0400 https://www.foxbusiness.com/technology/linkedin-reportedly-considering-adding-gaming-repertoire https://www.foxbusiness.com/technology/linkedin-reportedly-considering-adding-gaming-repertoire LinkedIn reportedly considering adding gaming to its repertoire The career-focused social media site LinkedIn has some puzzle games in development, TechCrunch reported over the weekend. <p>LinkedIn is reportedly considering adding gaming to its resume.</p><p>The <a href="https://www.foxbusiness.com/technology" target="_blank" rel="noopener">career-focused social media site</a> has some puzzle games in development, TechCrunch reported over the weekend.</p><p>FOX Business reached out to LinkedIn for comment on the matter.</p><p>The company <a href="https://techcrunch.com/2024/03/16/linkedin-wants-to-add-gaming-to-its-platform/" target="_blank" rel="nofollow noopener"><u>told TechCrunch</u></a> it was "playing with adding puzzle-based games within the LinkedIn experience to unlock a bit of fun, deepen relationships, and hopefully spark the opportunity for conversations."</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>Independent app researcher Nima Owji and others had reportedly earlier spotted the project and brought attention to it on social media. </p><p>The <a href="https://www.foxbusiness.com/category/fox-news-video-games" target="_blank" rel="noopener">in-the-works games</a> have names like "Crossclimb" and "Queens," according to TechCrunch. It's unclear when LinkedIn, which Microsoft owns, intends to make them available to users.</p><p>LinkedIn has both free and paid subscription options for its platform. The premium option for people looking for jobs costs $39.99 per month and comes with access to extra features.</p><p><a href="https://www.foxbusiness.com/" target="_blank" rel="noopener"><strong>CLICK HERE TO READ MORE ON FOX BUSINESS</strong></a></p><p>The platform’s global membership count hovered around 1 billion as of late January.</p><p>Games would add another feature to the platform, which <a href="https://www.foxbusiness.com/category/jobs" target="_blank" rel="noopener">job seekers</a> often use for finding open positions and connecting with professionals and companies for hiring.</p><p>LinkedIn has <a href="https://www.foxbusiness.com/category/microsoft" target="_blank" rel="noopener">belonged to Microsoft</a> since 2016, when the tech giant’s $26.2 billion deal to acquire it closed.</p><p><a href="https://www.foxbusiness.com/markets/microsofts-linkedin-laying-off-nearly-700-workers" target="_blank" rel="noopener"><strong>MICROSOFT'S LINKEDIN LAYING OFF NEARLY 700 WORKERS</strong></a></p><p>Its platform first debuted in 2003.</p> 068343a9-3771-5e54-89ec-21caf2edaa63 fbn Fox Business fox-business/tech fox-news/fox-news-tech/fox-news-topics/fox-news-video-games fox-news/fox-news-tech fox-business/jobs fox-business/technology article Mon, 18 Mar 2024 18:54:32 -0400 https://www.foxbusiness.com/entertainment/wizard-of-oz-ruby-slippers-stolen-retired-mobster-hit-auction-after-recovery https://www.foxbusiness.com/entertainment/wizard-of-oz-ruby-slippers-stolen-retired-mobster-hit-auction-after-recovery 'Wizard of Oz' ruby slippers stolen by retired mobster to hit auction after recovery The ruby red slipper from &quot;The Wizard of Oz&quot; will be auctioned after they were returned to a collector. The shoes worn by Judy Garland were stolen in 2005 and recently recovered. <p>The stolen <a href="https://www.foxnews.com/entertainment/second-suspect-charged-theft-ruby-slippers-wizard-oz" target="_blank" rel="noopener">"Wizard of Oz" ruby red slippers</a> will be auctioned after their return to the rightful owner.</p><p>The red shoes were stolen in 2005 and returned to collector Michael Shaw at Judy Garland's home on Feb. 1.</p><p>"It’s like welcoming back an old friend I haven’t seen in years," Shaw said in a press release obtained by FOX Business. He was given the pair of shoes worn in the 1939 "Wizard of Oz" film by Hollywood costumer Kent Warner.</p><p>Heritage Auctions will take the ruby red slippers on an international tour with stops in Los Angeles, New York, London and Tokyo before the shoes hit the auction block in December.</p><p><a href="https://www.foxnews.com/entertainment/wizard-of-oz-ruby-slippers-drew-mobster-out-retirement-one-last-score" target="_blank" rel="noopener"><strong>‘WIZARD OF OZ’ RUBY RED SLIPPERS DREW MOBSTER OUT OF RETIREMENT FOR ‘ONE LAST SCORE’</strong></a></p><p>"It was incredibly rewarding and fitting to see Mr. Shaw reunited with the ruby slippers at Judy Garland’s home, accompanied by his friends on the museum staff," Special Agent Christopher Dudley said in a press release. "It is a privilege for the FBI and our Art Crime Team to work alongside law enforcement partners who truly value the importance of protecting our nation’s cultural heritage."</p><p>Retired mobster Terry Martin gave into the temptation of "one last score" and stole the slippers from the museum in 2005, his lawyer wrote in court documents previously obtained by Fox News Digital. He was allegedly approached by an "old mob associate" who asked Martin if he would steal the shoes worn by <a href="https://www.foxnews.com/entertainment/wizard-of-oz-star-judy-garlands-crippling-insecurities-huge-demon-couldnt-rest-author" target="_blank" rel="noopener"><u>Judy Garland</u></a> in the 1939 film.</p><p>"At first, Terry declined the invitation to participate in the heist. But old habits die hard, and the thought of a ‘final score’ kept him up at night," Dane DeKrey wrote. "After much contemplation, Terry had a criminal relapse and decided to participate in the theft."</p><p>When Martin stole the slippers in 2005 from a museum in Grand Rapids, Minnesota, he did not realize the rubies affixed to the shoes were not real.</p><p><a href="https://www.foxnews.com/entertainment" target="_blank" rel="noopener noreferrer"><strong>LIKE WHAT YOU’RE READING? CLICK HERE FOR MORE ENTERTAINMENT NEWS</strong></a></p><p>"Unaware of the cultural significance and value of the slippers themselves, Terry angrily decided to simply cut his losses and move on," according to DeKrey. "He gave the slippers to the associate who had recruited him for the job and told the man that he never wanted to see them again."</p><p>At the time of the theft, the slippers were insured for $1 million, and the fair market appraisal value of the slippers in May 2023 was $3.5 million, the Department of Justice wrote in a press release.</p><p>"The ruby slippers, which were recovered by the FBI and Grand Rapids Police Department in July 2018, are one of the four remaining pairs and are widely viewed as among the most recognizable memorabilia in American film history," the press release stated.</p><p><a href="https://www.foxbusiness.com/" target="_blank" rel="noopener"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS</u></strong></a></p><p>Martin had the slippers in his possession for less than 48 hours before handing them over to the unnamed associate, according to the memo.</p><p>The <a href="https://www.foxnews.com/entertainment/dying-wizard-oz-ruby-slippers-thief-gets-no-jail-time" target="_blank" rel="noopener">reformed mobster was given no jail</a> time after prosecutors recommended time served due to his declining health. Martin is homebound after doctors estimated he has six months to live.</p><p>"Terry Martin never meant to be a criminal celebrity. He happened upon it when he broke two panes of glass in a museum and stole a pair of red sequined slippers," his lawyer said. "He deeply regrets this decision and is ready to accept his punishment. But he’s no monster. He’s a dying man ready to meet his maker. He asks the Court to accept the parties’ joint plea agreement and sentence him to time served."</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p> a0911a0d-ecd7-5d90-a3ab-38436ffc0fb3 fbn Fox Business fox-business/entertainment fox-business/lifestyle/movies fox-business/lifestyle fox-business/entertainment article Mon, 18 Mar 2024 18:49:57 -0400 https://www.foxbusiness.com/economy/us-national-debt-tracker https://www.foxbusiness.com/economy/us-national-debt-tracker US national debt tracker for March 18, 2024: See what American taxpayers (you) owe in real time The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress. <p>The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.</p><p>The national debt — which measures what the U.S. owes its creditors — increased to <a href="https://www.usdebtclock.org/#" target="_blank" rel="noopener">$34,542,838,497,262.94</a> as of Friday afternoon, according to the latest numbers published by the Treasury Department. That is up about $56.6 billion from the $34,486,220,026,285.95 figure reported the previous day.</p><p>By comparison, just four decades ago, the <a href="https://foxbusiness.com/category/credit-debt" target="_blank" rel="noopener">national debt</a> hovered around $907 billion.</p><p>The outlook for the federal debt level is bleak, with economists increasingly sounding the alarm over the torrid pace of spending by Congress and the <a href="https://foxbusiness.com/category/white-house" target="_blank" rel="noopener">White House</a>. </p><p><a href="https://foxbusiness.com/politics/soaring-deficits-push-publicly-held-debt-record-level-four-years" target="_blank" rel="noopener"><strong>SOARING DEFICITS TO PUSH PUBLICLY HELD DEBT TO RECORD LEVEL IN 4 YEARS</strong></a></p><p>The latest findings from the Congressional Budget Office indicate that the national debt will grow to an astonishing $54 trillion in the next decade, the result of an aging population and fishing federal health care costs. Higher interest rates are also compounding the pain of higher debt.</p><p>Should that debt materialize, it could risk America's economic standing in the world.</p><p>Our debt is rising out of control, and it’s time for Congress to wake up.</p><p>"America’s fiscal outlook is more dangerous and daunting than ever, <a href="https://foxbusiness.com/category/us-economy" target="_blank" rel="noopener">threatening our economy</a> and the next generation," said Michael Peterson, the CEO of the Peter G. Peterson Foundation that advocates for reducing the federal deficit. "This is not the future any of us want, and it’s no way to run a great nation like ours."</p><p><a href="https://www.foxbusiness.com/politics/large-deficits-high-interest-rates-making-federal-debt-less-sustainable" target="_blank" rel="noopener"><strong><u>LARGE DEFICITS, HIGH INTEREST RATES MAKING FEDERAL DEBT LESS SUSTAINABLE</u></strong></a></p><p>The unrelenting increase is what prompted Fitch Ratings to issue a <a href="https://foxbusiness.com/economy/fitch-downgrades-us-long-term-ratings-aaa-aa" target="_blank" rel="noopener">surprise downgrade</a> of the nation's long-term credit score in mid-2023. The agency cut the U.S. debt by one notch, snatching away its pristine AAA rating in exchange for an AA+ grade. In making the decision, Fitch cited alarm over the country's deteriorating finances and expressed concerns over the government's ability to address the ballooning debt burden amid sharp political divisions. </p><p>"This is a warning shot across the U.S. government's bow that it needs to right its fiscal ship," Sean Snaith, an economist at the University of Central Florida, told FOX Business. "You can't just spend trillions of dollars more than you have in revenue every year and expect no ill consequences."</p><p>The spike in the national debt follows a burst of spending by <a href="https://foxbusiness.com/category/joe-biden" target="_blank" rel="noopener"><u>President Biden</u></a> and Democratic lawmakers. </p><p>As of September 2022, Biden had already approved roughly $4.8 trillion in borrowing, including $1.85 trillion for a COVID relief measure dubbed the American Rescue Plan and $370 billion for the bipartisan infrastructure bill, according to the Committee for a Responsible Federal Budget (CRFB), a group that advocates for reducing the deficit.</p><p><a href="https://foxbusiness.com/economy/the-us-paying-record-amount-interest-on-national-debt" target="_blank" rel="noopener"><strong>THE US IS PAYING A RECORD AMOUNT OF INTEREST ON ITS NATIONAL DEBT</strong></a></p><p>While that is about half of the $7.5 trillion that former President Donald Trump added to the deficit while he was in office, it's far more than the $2.5 trillion Trump had approved at that same point during his term. </p><p>Biden has repeatedly defended the spending by his administration and boasted about cutting the deficit by $1.7 trillion. </p><p>"I might note parenthetically: In my first two years, I reduced the debt by $1.7 trillion. No President has ever done that," Biden said recently. </p><p>However, that figure refers to a reduction in the national deficit between fiscal years 2020 and 2022; while the deficit did shrink during that time period, that is largely because emergency measures put into place during the <a href="https://foxbusiness.com/category/coronavirus" target="_blank" rel="noopener">COVID-19 pandemic</a> expired. </p><p>The <a href="https://foxbusiness.com/category/white-house" target="_blank" rel="noopener">White House</a> has also tried to blame Republicans for the astronomical rise in debt in recent years.</p><p>"This is the trickle-down debt — driven overwhelmingly by repeated Republican giveaways skewed to big corporations and the wealthy," Michael Kikukawa, White House assistant press secretary, said in a statement provided to FOX Business after the debt surpassed $34 trillion.</p><p><a href="https://www.foxbusiness.com/politics/us-national-debt-tops-34t-first-time-history" target="_blank" rel="noopener"><strong><u>US NATIONAL DEBT TOPS $34T FOR FIRST TIME IN HISTORY</u></strong></a></p><p>Even more worrisome is that the spike in interest rates over the past year and a half has made the cost of servicing the national debt more expensive.</p><p>That is because as interest rates rise, the <a href="https://foxbusiness.com/category/government-spending" target="_blank" rel="noopener"><u>federal government's borrowing costs</u></a> on its debt will also increase. In fact, interest payments on the national debt are projected to be the fastest-growing part of the federal budget over the next three decades, according to the CRFB.</p><p><a href="http://foxbusiness.com/" target="_blank" rel="noopener"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS</u></strong></a></p><p>Payments are expected to triple from nearly $475 billion in fiscal year 2022 to a stunning $1.4 trillion in 2032. By 2053, the interest payments are projected to surge to $5.4 trillion. To put that into perspective, that will be more than the U.S. spends on Social Security, Medicare, Medicaid and all other mandatory and discretionary spending programs.</p><p>"We are clearly on an unsustainable fiscal path," CRFB President Maya MacGuineas said. "We need to do better."</p><p>While the debt has been a source of concern among politicians and budget hawks, just how worried should you be about the nation's rapid pace of borrowing? </p><p>Experts say that the higher the debt climbs, the more the U.S. is paying in interest costs each year. Those expenses can eclipse important public investments that fuel economic growth — areas like education, research and development and infrastructure. </p><p>"A nation saddled with debt will have less to invest in its own future," the Peter G. Peterson Foundation said.</p><p>A Pew Research Center survey published in 2023 found that 57% of Americans think reducing the budget deficit should be a top priority for the president and Congress — up from just 45% the previous year.</p> 53509926-376d-5597-a921-3899d3375c99 fbn Fox Business fox-business/money/government-spending fox-business/markets/economy fox-business/money fox-business/politics/congress fox-business/person/joe-biden fox-business/economy article Mon, 18 Mar 2024 18:25:04 -0400 https://www.foxbusiness.com/media/larry-kudlow-ignore-liberal-media https://www.foxbusiness.com/media/larry-kudlow-ignore-liberal-media LARRY KUDLOW: Ignore the liberal media FOX Business host Larry Kudlow reacts to the &quot;liberal media&quot; mischaracterizing former President Trump and breaks down his economic agenda on &apos;Kudlow.&apos; <p>Of course, the liberal mainstream media is quoting Donald Trump completely out of context with his "bloodbath" comment. Anybody who actually listened to what he said, even the dummies in the liberal media, knows full well Mr. Trump was referring to the assault on the U.S. car business from China and their latest ploy to assemble and sell cars in Mexico to come into the U.S. tariff free.  </p><p>Take a listen to what he said for yourself: "Now we're going to put a 100% tariff on every single car that comes across the line and you're not going to be able to sell those guys. If I get elected now, if I don't get elected, it's going to be a bloodbath for the whole, that's going to be the least of it. It's going to be a bloodbath for the country. That'll be the least of it, but they're not going to sell those cars." </p><p><a href="https://www.foxbusiness.com/economy/us-homebuilder-sentiment-unexpectedly-rises-highest-level-since-july" target="_blank" rel="noreferrer noopener"><strong><u>US HOMEBUILDER SENTIMENT UNEXPECTEDLY RISES TO HIGHEST LEVEL SINCE JULY</u></strong></a> </p><p>Clearly, Mr. Trump was talking about a "bloodbath" in the U.S. car industry and it's important also that he said he would stop the Chinese auto onslaught, using Mexico illegally as a launching point for cheap cars exported to the U.S. which should be a violation of the USMCA agreement and the former president said if they, the Chinese continue this subterfuge, he would slap up to 100% tariffs on these Chinese-made cars. </p><p>I think that is correct. Here's Mr. Trump's own response: "The Fake News Media, and their Democrat Partners in the destruction of our Nation, pretended to be shocked at my use of the word BLOODBATH, even though they fully understood that I was simply referring to imports allowed by Crooked Joe Biden, which are killing the automobile industry."</p><p>Free trade objections, not withstanding, I say Mr. Trump would be exactly right because it's a case of our adversary or enemy, China, not acting in any reciprocal free-trade manor. </p><p>Remember, Mr. Trump's key word on trade is "reciprocity." If another country harms the U.S. with higher tariffs, or subsidies, or other non-tariff actions, then the U.S. must retaliate reciprocally. In other words, defend America's economic interests. </p><p>The Bidens don't do this, but Trump would and for those skeptics, who think using tariffs to negotiate <a href="https://www.foxbusiness.com/economy/wages-us-are-falling-striking-pace-indeed-says" target="_blank" rel="noreferrer noopener"><u>America First</u></a> reciprocity, Mr. Trump has lately been talking about a middle-class tax cut, perhaps a payroll tax cut that would be funded by potentially enormous budget cuts and savings. </p><p>It's the middle-class that does <a href="https://www.foxbusiness.com/economy/cost-living-hinders-younger-generations-saving-retirement-fidelity" target="_blank" rel="noreferrer noopener"><u>pay</u></a> the bulk of overall tax burdens, so if a trade tariff is implemented a payroll tax cut would offset any possible tariff tax hike. Meanwhile, it would be win-win for the U.S. in trade reciprocity terms and pro-growth tax cut terms. </p><p>That's the real meaning of what the president was saying in Ohio. The other point is, the liberal media will do anything to take a Trump statement out of context and try to bash it and, they will do anything else to distract from Trump's immensely popular policies: protecting America from unfair trading practices, cutting taxes for the middle-class and impounding massive Biden budget overspending, closing the border and ending the Biden illegal immigration crime crisis and, oh by the way, defending Israel which is the only democracy in the Middle East, and one of America's greatest friends internationally. </p><p>These are enormously popular policies. They would promote <a href="https://www.foxbusiness.com/economy/goldman-sachs-ceo-warns-inflation-may-prove-stickier-expected" target="_blank" rel="noreferrer noopener"><u>economic growth</u></a> at home, pay raises for working class folks, safety for all families and restoring America's standing overseas. Liberals know how popular these policies are, that's why they keep defending Joe Biden's goofiness and all of the Bidens' support for a two-tiered justice system that would throw Trump in jail for 700 years and take all his cash away.</p><p>So, basically, I would say, ignore the liberal media. Just don't read it. Stay with the conservative viewpoint. That's the only objective game in town.</p><p><i>This article is adapted from Larry Kudlow’s opening commentary on the March 18, 2024, edition of "Kudlow."</i>         </p> ec723e60-152c-5f16-b0c3-3ed96bdd70ff fbn Fox Business fox-business/media fox-business/person/larry-kudlow fox-business/shows/kudlow fox-business/markets/economy fox-business/media article Mon, 18 Mar 2024 17:35:14 -0400 https://www.foxbusiness.com/markets/sports-illustrated-new-publisher-minute-media-will-continue-print-edition https://www.foxbusiness.com/markets/sports-illustrated-new-publisher-minute-media-will-continue-print-edition Sports Illustrated has a new publisher, Minute Media, will continue print edition Minute Media will receive digital and print publishing rights for the brand through a new &quot;long-term partnership&quot; between it and owner Authentic Brands Group. The deal was unveiled Monday. <p>Sports Illustrated has landed a <a href="https://www.foxbusiness.com/media" target="_blank" rel="noopener">new publisher</a>.</p><p>Minute Media will receive digital and print publishing rights for the brand through a new "long-term partnership" between it and owner Authentic Brands Group. The deal was unveiled Monday.</p><p>There had been questions about <a href="https://www.foxbusiness.com/sports" target="_blank" rel="noopener">Sports Illustrated</a> and what would happen to it after Authentic Brands stopped the licensing agreement of its prior publisher, The Arena Group.</p><p>Under the deal, Minute Media will run the editorial operations of Sports Illustrated, Sports Illustrated Swimsuit and Sports Illustrated Kids,<a href="https://www.minutemedia.com/post/minute-media-secures-sports-illustrated-publishing-rights-in-transformational-deal-with-authentic-brands-group" target="_blank" rel="nofollow noopener"> it said in a news release</a>. </p><p>The company "plans to leverage its premium sports content expertise as well as its <a href="https://www.foxbusiness.com/technology" target="_blank" rel="noopener">technology platform</a> that powers the creation, global distribution and monetization of hundreds of digital content brands, to continue to grow the Sports Illustrated media business," according to the release. </p><p><a href="https://www.foxbusiness.com/sports/sports-illustrated-lays-off-significant-amount-of-staff-after-license-revoked-owner-vows-to-continue-brand" target="_blank" rel="noopener"><strong>SPORTS ILLUSTRATED LAYS OFF ‘SIGNIFICANT’ AMOUNT OF STAFF AFTER LICENSE REVOKED, OWNER VOWS TO CONTINUE BRAND</strong></a></p><p>Sports Illustrated will join brands like The Players’ Tribune and Fansided already under Minute Media’s purview. </p><p>Sports Illustrated writers belonging to the Sports Illustrated Union "welcome the change" of publisher and "look forward to remaining part of the storied brand’s future," according to a statement from the union.</p><p><a href="https://www.foxbusiness.com/" target="_blank" rel="noopener"><strong>CLICK HERE TO READ MORE ON FOX BUSINESS</strong></a></p><p>The CEO of Minute Media, Asaf Peled, expressed intentions to The New York Times, which <a href="https://www.nytimes.com/2024/03/18/business/sports-illustrated-magazine.html" target="_blank" rel="nofollow noopener">first reported </a>Monday on the news, of bringing some Sports Illustrated employees affected by The Arena Group layoffs back on board.</p><p>At the same time that the companies announced the licensing deal, they revealed Authentic Brands will become a stakeholder of Minute Media.</p><p><a href="https://www.foxbusiness.com/economy/los-angeles-times-sports-illustrated-media-outlets-announcing-layoffs-start-2024" target="_blank" rel="noopener"><strong>LOS ANGELES TIMES, SPORTS ILLUSTRATED AMONG MEDIA OUTLETS ANNOUNCING LAYOFFS TO START 2024</strong></a></p><p>"Minute Media has successfully proven that they are leading the way in a new era of sports storytelling, and we are excited and optimistic about this partnership and the future of Sports Illustrated as the preeminent lens into sports," Authentic Brands Tactical Ops Executive Vice Chairman Daniel Dienst said in a statement.</p><p>Minute Media has been around since 2011, when it was founded in Israel. It has received funding in the past from firms like Goldman Sachs, Battery and Dawn Capital.</p><p> Its content reportedly reached 200 million people each month. </p> 386ed1e4-d8ce-58b9-a260-0d3e2c078ecb fbn Fox Business fox-business/markets fox-business/media fox-business/industries/sports fox-business/lifestyle fox-business/markets article Mon, 18 Mar 2024 16:25:13 -0400 https://www.foxbusiness.com/politics/federal-appeals-court-blows-up-bidens-carbon-emissions-disclosure-rule https://www.foxbusiness.com/politics/federal-appeals-court-blows-up-bidens-carbon-emissions-disclosure-rule Federal appeals court blows up Biden's carbon emissions disclosure rule A federal appeals court abruptly paused a major climate disclosure rule adopted by the SEC, in a blow to the Biden administration&apos;s climate agenda. <p>A federal appeals court paused financial rules issued by the <a href="https://www.foxnews.com/category/politics/finance/sec" target="_blank" rel="noopener">Securities and Exchange Commission (SEC)</a> that will force private companies to publicly disclose their carbon emissions and risks climate change poses to their business.</p><p>In a short ruling issued Friday, the <a href="https://www.foxnews.com/category/politics/judiciary/federal-courts" target="_blank" rel="noopener">U.S. Court of Appeals for the Fifth Circuit</a> paused the SEC's climate disclosure rule, but declined to offer any explanation for the decision. The ruling, though, came in response to petitions for review filed by energy companies Liberty Energy and Nomad Proppant Services, the states of Louisiana, Mississippi and Texas, and business groups Chamber of Commerce, Texas Alliance of Energy Producers and Domestic Energy Producers Alliance.</p><p>"For two years now, the U.S. Chamber of Commerce has raised significant concerns about the scope, breadth, and legality of the SEC’s climate disclosure efforts," Tom Quaadman, the executive vice president of the Chamber of Commerce's Center for Capital Markets Competitiveness, said in response to the SEC's disclosure rules.</p><p>"The Chamber will continue to use all the tools at our disposal, including litigation if necessary, to prevent government overreach and preserve a competitive capital market system," he continued.</p><p><a href="https://www.foxbusiness.com/politics/internal-emails-show-sec-coordinated-climate-disclosure-rules-ai-firm-set-financially-benefit" target="_blank" rel="noopener"><strong>INTERNAL EMAILS SHOW SEC COORDINATED CLIMATE DISCLOSURE RULES WITH AI FIRM SET TO FINANCIALLY BENEFIT</strong></a></p><p>Under the leadership of <a href="https://www.foxbusiness.com/markets/will-sec-investigate-itself-after-gary-gensler-dealt-embarrassing-blow-bitcoin-etf-debacle" target="_blank" rel="noopener">Chairman Gary Gensler</a>, whom President Biden appointed to the role, the SEC approved the climate disclosure rules on March 6 in a 3-2 vote after nearly two years of heated deliberations. </p><p>The SEC said in a statement that the rules reflect "investors’ demand for more consistent, comparable, and reliable information about the financial effects of climate-related risks." And Gensler said they will further guarantee companies "produce more useful information than what investors see today."</p><p><a href="https://www.foxbusiness.com/politics/biden-sec-chairmans-net-worth-skyrocket-recent-years-government-service" target="_blank" rel="noopener"><strong><u>BIDEN'S SEC CHAIRMAN HAS SEEN HIS NET WORTH SKYROCKET IN RECENT YEARS AMID GOVERNMENT SERVICE</u></strong></a></p><p>However, the rules were blasted by business groups <a href="https://www.foxnews.com/category/politics/house-of-representatives/republicans" target="_blank" rel="noopener">and Republican lawmakers</a>, who argued they would harm Americans and represent an attempt to further the Biden administration's climate goals.</p><p>"In the two years since the climate disclosure rule was proposed, we have witnessed an unprecedented assault on our capital markets," House Financial Services <a href="https://www.foxnews.com/politics/house-gop-announces-aggressive-first-kind-effort-combat-esg-movement" target="_blank" rel="noopener">Chairman Bill Huizenga</a><a rel="noopener">,</a> R-Mich.,<a rel="noopener"> </a>said during a hearing Monday. "The Commission finalized the climate rule despite no clear congressional authorization. Although Chair Gensler has repeatedly reminded the public that he is not a ‘climate regulator,’ under his leadership, the SEC has strayed far from its clear statutory mission."</p><p>"Investors should know that the SEC’s overreach will significantly hurt our economy while serving as a boon for special interest groups and far-left activists," Huizenga said. "Unless he radically alters this approach to our capital markets, Gary Gensler’s legacy will be of an overzealous bureaucrat who was repeatedly reined in by the courts."</p><p>The Michigan Republican also noted the Fifth Circuit decision, saying it "signals the SEC’s authority to develop, finalize, and implement a climate disclosure rule is in jeopardy."</p><p><a href="https://www.foxbusiness.com/fbntv/apps-and-products" target="_blank" rel="noopener"><strong><u>CLICK HERE TO GET THE FOX BUSINESS APP</u></strong></a></p><p>In addition, more than a dozen states have filed federal lawsuits challenging the SEC disclosure rules while environmental groups have also sued, arguing the rules don't go far enough.</p> 97ebfc16-220d-55de-9d60-3d6977380cc7 fbn Fox Business fox-business/politics/sec fox-business/politics/climate-change fox-news/fox-news-columns/fox-news-energy-in-america fox-news/fox-news-politics/fox-news-judiciary/fox-news-federal-courts fox-business/person/joe-biden fox-business/politics article Mon, 18 Mar 2024 16:11:40 -0400 https://www.foxbusiness.com/media/elon-musk-clashes-don-lemon-dei-lowering-medical-standards-people-die https://www.foxbusiness.com/media/elon-musk-clashes-don-lemon-dei-lowering-medical-standards-people-die Elon Musk clashes with Don Lemon over DEI lowering medical standards: 'People will die' Former CNN host Don Lemon debated Tesla CEO Elon Musk over whether DEI principles were lowering standards for doctors and harming patients on &quot;The Don Lemon Show.&quot; <p>Don Lemon clashed with Elon Musk over Diversity, Equity and Inclusion "DEI" <a href="https://www.foxnews.com/media/liberal-ideology-quite-dangerous-healthcare-do-no-harm-founder-says-poisons-american-experience" target="_blank" rel="noopener">policies in medicine </a><a rel="noopener">in a clip that </a>went viral on Monday.</p><p>The former CNN host interviewed the Tesla CEO and X owner for the premiere episode of his new program, "The Don Lemon Show."</p><p>In the episode, Lemon pressed Musk to defend his claim that DEI policies would eventually lead to <a href="https://www.foxnews.com/media/surgeon-says-toxic-dei-medicine-led-erosion-quality-care-dangerous-patients" target="_blank" rel="noopener">patients being harmed</a>.</p><p>"If the standards for passing medical exams and becoming a doctor, especially for something like a surgeon, if the standards are lowered, then the probability the surgeon will make a mistake is higher… and that may result in people dying," Musk said. </p><p><a href="https://www.foxnews.com/media/don-lemon-puts-squeeze-elon-musk-canceling-x-partnership-good-soldier" target="_blank" rel="noopener"><strong>DON LEMON PUTS THE SQUEEZE ON ELON MUSK FOR CANCELING HIS X PARTNERSHIP: ‘I WAS A GOOD SOLDIER’</strong></a></p><p>However, Lemon was adamant that there was no proof this was taking place or that DEI policies were putting patients in danger.</p><p>"There's no evidence of that, Elon," he argued.</p><p>A clip of the contentious exchange went viral just hours after the episode launched after it was shared by a conservative account on X.</p><p>"They have literally lowered the standards at Duke University," Musk retorted.</p><p><a href="https://www.foxnews.com/media/university-of-north-carolina-med-school-renounces-its-own-dei-framework" target="_blank" rel="noopener"><strong>UNIVERSITY OF NORTH CAROLINA MED SCHOOL RENOUNCES ITS OWN DEI FRAMEWORK</strong></a></p><p>Lemon claimed any suggestion that DEI policies were causing patients to die was purely "speculative." He argued that research showed "the exact opposite" in terms of how minorities are treated in the medical system in the United States.</p><p>"Most doctors now are White, and there are lots of mistakes in medicine," he continued.</p><p>The pair continued to bicker over the issue, with Lemon claiming Musk was putting forward an unlikely "hypothetical."</p><p>"If we lower standards, people will die," Musk insisted.</p><p>After repeatedly disagreeing about the dangers of DEI in medicine, Musk suggested users on X fact-check their arguments through the site's "Community Notes" function.</p><p><a href="https://www.foxnews.com/media/don-lemon-dropped-by-x-claims-elon-musk-retaliated-over-their-interview" target="_blank" rel="noopener"><strong>DON LEMON DROPPED BY X, CLAIMS ELON MUSK RETALIATED OVER THEIR INTERVIEW: HE'S ‘MAD AT ME’</strong></a></p><p>The pair had a public spat about the interview ahead of its release on Monday.</p><p>Lemon revealed that a deal for Musk to distribute Lemon's new show on his platform had soured. In a post on X last week, Lemon claimed the billionaire <a href="https://www.foxnews.com/media/musk-snaps-don-lemon-questions-hate-speech-x-dont-have-answer-questions-reporters" target="_blank" rel="noopener"><u>did not like the tough questions</u></a> the journalist asked him.</p><p>"Elon Musk has canceled the partnership I had with X, which they announced as part of their public commitment to amplifying more diverse voices on their platform. He informed me of his decision hours after an interview I conducted with him on Friday."</p><p><i>Fox News' Gabriel Hays contributed to this report.</i></p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p> 2b91633e-9ee9-57e9-b183-ef1c5f49085b fbn Fox Business fox-business/media fox-business/business-leaders/elon-musk fox-business/media article Mon, 18 Mar 2024 15:33:18 -0400 https://www.foxbusiness.com/technology/apple-google-talks-gemini-power-iphone-ai-features-report https://www.foxbusiness.com/technology/apple-google-talks-gemini-power-iphone-ai-features-report Apple, Google in talks for Gemini to power iPhone AI features: report A new report says Apple is in talks with Google for its it artificial intelligence model Gemini to power the AI features in iPhones, after earlier talks with ChatGPT maker OpenAI. <p>Apple is in talks with Google to use its new Gemini <a href="https://www.foxbusiness.com/category/artificial-intelligence" target="_blank" rel="noopener">artificial intelligence</a> models to power the AI features for iPhones after previously discussing the prospect with ChatGPT maker OpenAI, according to a new report.</p><p>Citing people familiar, Bloomberg reported Monday that Apple is in "active negotiations" with <a href="https://www.foxbusiness.com/category/google" target="_blank" rel="noopener">Alphabet-owned Google's</a> Gemini to run new features coming to iPhone software, but any potential deal would likely not be announced until Apple's Worldwide Development Conference (WWDC) in June.</p><p>Neither Apple nor Google immediately responded to FOX Business' requests for comment on the report.</p><p><a href="https://www.foxbusiness.com/technology/microsoft-tells-european-regulators-google-has-edge-generative-ai" target="_blank" rel="noopener"><strong>MICROSOFT TELLS EUROPEAN REGULATORS GOOGLE HAS AN EDGE IN GENERATIVE AI</strong></a></p><p>A possible deal between the firms could help Google expand the use of its AI services to more than 2 billion active Apple devices, boosting the search giant's efforts to catch up with <a href="https://www.foxbusiness.com/category/microsoft" target="_blank" rel="noopener">Microsoft-backed</a> OpenAI.</p><p>It could also help allay investor fears about the slow roll-out of AI apps by Apple, which has lost the crown of the world's most valuable firm after a 10% decline in its shares this year.</p><p><a href="https://www.foxbusiness.com/media/is-google-too-broken-fixed-investors-deeply-frustrated-angry-former-insider-warns" target="_blank" rel="noopener"><strong>IS GOOGLE TOO BROKEN TO BE FIXED? INVESTORS ‘DEEPLY FRUSTRATED AND ANGRY,’ FORMER INSIDER WARNS</strong></a></p><p>The firms have a years-long partnership that makes Google the default search engine on Apple's Safari web browser, and a genAI tie-up may help the Alphabet unit navigate fears that services like ChatGPT could threaten its search dominance.</p><p>But the agreement could also invite sharper scrutiny from U.S. regulators, who have sued Google alleging it unlawfully stifled competition by paying billions of dollars to Apple to maintain its search dominance.</p><p><a href="https://www.foxbusiness.com/media/google-releases-new-gemini-update-give-users-more-control-ai-chatbot-responses" target="_blank" rel="noopener"><strong>GOOGLE RELEASES NEW GEMINI UPDATE TO GIVE USERS ‘MORE CONTROL’ OVER AI CHATBOT RESPONSES</strong></a></p><p><a href="https://www.foxbusiness.com/category/tim-cook" target="_blank" rel="noopener">Apple CEO Tim Cook</a> said last month that the iPhone maker was investing "significantly" in generative AI and would reveal more about its plans to put the technology to use later this year.</p><p>The Bloomberg report said Apple was planning to use its own homegrown AI models for some new capabilities in its upcoming iOS 18, but was seeking a partner to power genAI features, including functions for creating images and writing essays based on simple prompts.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p><i>Reuters contributed to this report.</i></p> 4b18f803-486b-507e-94d4-f8ddd64d18a7 fbn Fox Business fox-business/topic/artificial-intelligence fox-business/organization/google fox-business/organization/apple fox-news/fox-news-tech/chatgpt fox-business/tech reuters fox-business/technology article Mon, 18 Mar 2024 15:26:52 -0400 https://www.foxbusiness.com/markets/uaw-moves-hold-unionization-vote-volkswagen-plant-tennessee https://www.foxbusiness.com/markets/uaw-moves-hold-unionization-vote-volkswagen-plant-tennessee UAW moves to hold unionization vote at Volkswagen plant in Tennessee The UAW announced that workers at the Volkswagen assembly plant in Tennessee will hold a vote on unionization after UAW auto workers at the Big Three secured a record contract. <p>The <a href="https://www.foxbusiness.com/category/unions" target="_blank" rel="noopener"><u>United Auto Workers (UAW)</u></a> union announced Monday that workers at Volkswagen's assembly plant in Chattanooga, Tennessee, will hold a unionization vote after the UAW secured historic contracts for workers at Detroit's Big Three automakers last year.</p><p>The UAW said a supermajority of eligible Volkswagen workers signed union cards to call for the election at the Chattanooga plant. The facility is Volkswagen's only assembly plant in the U.S. and employs about 4,100 workers who make the Atlas and ID.4. The union added that it "is the only Volkswagen plant globally with no form of employee representation."</p><p>The pending unionization vote comes after UAW President Shawn Fain vowed that the union would "pull out all the stops" to organize workers at non-union automakers like Volkswagen, Tesla, Toyota, Honda, Mercedes and others in the wake of securing record-setting contracts for UAW workers at Ford, GM and Stellantis. </p><p>Buoyed by that success, Fain launched a first-of-its-kind campaign to organize the entire non-union auto assembly sector in the U.S. at 13 automakers after previous efforts by the UAW to organize non-union automakers in recent years have failed, including at <a href="https://www.foxbusiness.com/category/fox-news-volkswagen" target="_blank" rel="noopener"><u>VW's Chattanooga plant</u></a>.</p><p><a href="https://www.foxbusiness.com/politics/uaw-shawn-fain-makes-state-union-guest-list-nod-organized-labor" target="_blank" rel="noopener"><strong><u>UAW'S SHAWN FAIN MAKES STATE OF THE UNION GUEST LIST IN NOD TO ORGANIZED LABOR </u></strong></a></p><p>In 2019, VW workers at the plant rejected union representation in an 833-776 vote. Previous votes to organize Nissan <a href="https://www.foxbusiness.com/category/fox-news-manufacturing" target="_blank" rel="noopener"><u>auto plants</u></a> in Mississippi and Tennessee also failed by wide margins.</p><p>Volkswagen told FOX Business in a statement, "We respect our workers' right to a democratic process and to determine who should represent their interests. We will fully support an NLRB vote so every team member has a chance to vote in privacy in this important decision."</p><p>"The election timeline will be determined by the NLRB. Volkswagen is proud of our working environment in Chattanooga that provides some of the best paying jobs in the area," Volkswagen's statement continued.</p><p><a href="https://www.foxbusiness.com/politics/uaw-members-deem-trump-more-trustworthy-biden-speaks-language" target="_blank" rel="noopener"><strong><u>UAW MEMBERS DEEM TRUMP 'MUCH MORE TRUSTWORTHY' THAN BIDEN: HE 'SPEAKS OUR LANGUAGE'</u></strong></a></p><p>Volkswagen said in November that it would raise the pay of its <a href="https://www.foxbusiness.com/category/fox-news-tennessee" target="_blank" rel="noopener"><u>factory workers in Tennessee</u></a> by 11%, joining several other foreign automakers that announced significant pay and compensation improvements following the UAW's contract with the Big Three automakers.</p><p>It remains to be seen whether those pay and benefit hikes will be enough to fend off the UAW's unionization push at <a href="https://www.foxbusiness.com/category/auto" target="_blank" rel="noopener"><u>non-union automakers</u></a>. </p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p>The union said earlier this month that over 30% of workers at a <a href="https://www.foxbusiness.com/category/toyota" target="_blank" rel="noopener"><u>Toyota factory in Missouri</u></a> are seeking to join the union and last month indicated that a majority of hourly workers at a Mercedes-Benz factory in Alabama have signed union authorization cards.</p><p><i>Reuters contributed to this report.</i></p> 41ad8d86-e939-54a9-910b-a4a091b55937 fbn Fox Business fox-news/fox-news-auto/fox-news-make/fox-news-volkswagen fox-business/politics/unions fox-business/industries/auto fox-news/fox-news-us/fox-news-economy/fox-news-manufacturing fox-business/markets fox-business/markets/economy fox-business/markets article Mon, 18 Mar 2024 15:25:21 -0400 https://www.foxbusiness.com/lifestyle/hyundai-kia-offer-free-software-upgrades-stop-rash-car-thefts-what-know https://www.foxbusiness.com/lifestyle/hyundai-kia-offer-free-software-upgrades-stop-rash-car-thefts-what-know Hyundai, Kia offer free software upgrades to stop rash of car thefts: What to know Hyundai and Kia are offering software upgrades to eligible drivers in an attempt to prevent cars from be stolen. Thieves have targeted the vehicles after a viral social media challenge. <p>Hyundai and Kia are offering more <a href="https://www.foxbusiness.com/category/crime" target="_blank" rel="noopener">anti-theft software upgrades</a> to drivers after a TikTok trend revealed how easy it was to steal older models. The car manufacturers are also scaling up efforts to ensure more eligible owners are protected. </p><p>In some cases, it's as easy as using a USB cable and screwdrivers. According to various reports, the trend emerged in 2021 and led to a surge in car thefts.</p><p>Hyundai said in a statement to FOX Business that the company is committed to taking comprehensive actions to assist customers who have been affected by the persistent thefts of certain vehicles manufactured between 2011 and 2022 that do not have push-button ignitions and engine immobilizers.</p><p><a href="https://www.foxbusiness.com/lifestyle/us-car-thefts-jump-10-over-2022-these-models-thieves-favorites" target="_blank" rel="noopener"><strong>US CAR THEFTS JUMP 10% OVER 2022, THESE MODELS ARE THIEVES' FAVORITES</strong></a></p><p>"Hyundai has responded with wide-ranging initiatives to enhance the security of vehicles without engine immobilizers still on the road," the company said. "Chief among these measures is the development and validation of a no-cost software upgrade for the owners of these vehicles to prevent the theft mode popularized on <a href="https://www.foxbusiness.com/category/social-media" target="_blank" rel="noopener">social media."</a> </p><p>Hyundai announced on its website that nearly 4 million vehicles are eligible for the software upgrade that "modifies certain vehicle control modules on Hyundai vehicles equipped with standard turn-key-to-start ignition systems." </p><p>Moving forward, locking the car doors will set the factory alarm and activate what the company calls an "ignition kill" feature, so the car can't be turned on "when subjected to the popularized theft mode."  </p><p>For vehicles that can't accommodate the software upgrade, Hyundai is installing ignition cylinder protectors for free. </p><p>To scale its efforts, the company launched multi-day mobile software installation clinics in over a dozen cities nationwide including Washington, D.C., New York, Chicago, Minneapolis, Los Angeles and Seattle. The company said it plans to continue this effort in additional markets as it seeks to speed up the installation of these anti-theft protections. </p><p>Hyundai provided no-cost anti-theft solutions to more than 1.2 million affected vehicles as of March 15.</p><p>In December, Kia America also unveiled another security measure "to support its customers in response to criminals using methods of theft popularized on social media to steal or attempt to steal <a href="https://www.foxbusiness.com/category/cars" target="_blank" rel="noopener">certain vehicle models</a>." </p><p><a href="https://www.foxbusiness.com/lifestyle/car-thefts-us-top-one-million-first-time-2008" target="_blank" rel="noopener"><strong><u>CAR THEFTS IN US TOP 1 MILLION FOR FIRST TIME SINCE 2008</u></strong></a></p><p>The company said the new hardware, an ignition cylinder protector, will prevent "its removal through the method of theft promoted in videos that have spread across social media encouraging criminal activity."</p><p>The upgrade isn't eligible for the security software upgrade that Kia introduced last summer. </p><p>In August 2023, the company held a free anti-theft software upgrade event at the Atlanta Civic Center in Atlanta where eligible owners were given a free steering wheel lock to make it harder for the vehicle to be stolen. </p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>Kia also gave the Atlanta Police Department a large quantity of free steering wheel locks to distribute to Kia owners who weren't eligible for the software upgrade.</p> 71acb1a8-68bf-5cdc-814f-41c9f5463123 fbn Fox Business fox-business/lifestyle/cars fox-business/industries/auto fox-business/markets/economy fox-business/lifestyle article Mon, 18 Mar 2024 14:43:28 -0400 https://www.foxbusiness.com/markets/amazon-fedex-reportedly-weighed-teaming-up-returns-last-year https://www.foxbusiness.com/markets/amazon-fedex-reportedly-weighed-teaming-up-returns-last-year Amazon, FedEx reportedly weighed teaming up on returns last year Amazon and FedEx reportedly weighed teaming up on returns last year. FedEx previously had a business relationship with Amazon. The contract expired in 2019. <p><a href="https://www.foxbusiness.com/category/amazon" target="_blank" rel="noopener">Amazon</a> and FedEx reportedly weighed teaming up on returns last year.</p><p>The companies engaged in talks early last year but didn’t ultimately emerge with a partnership in place, The Wall Street Journal reported Monday, citing a person familiar with the matter. </p><p>The companies talked about <a href="https://www.foxbusiness.com/category/fedex" target="_blank" rel="noopener">FedEx retail locations</a> taking Amazon returns, according to the outlet. </p><p><a href="https://www.foxbusiness.com/" target="_blank" rel="noopener"><strong>CLICK HERE TO READ MORE ON FOX BUSINESS</strong></a></p><p>"We are always open to having commercial conversations when approached with an opportunity by current or potential customers," a FedEx spokesperson told FOX Business, noting that the talks are a normal course of business. "As a reminder, we still do business through Seller Fulfilled Prime and Marketplace."</p><p>Amazon did not respond to FOX Business' request for comment.</p><p>FedEx previously had a relationship with Amazon that included a deal to make U.S. ground deliveries. That contract ended in 2019, as <a href="https://www.foxbusiness.com/retail/fedex-to-end-ground-delivery" target="_blank" rel="noopener">previously reported</a> by FOX Business.</p><p>Amazon ships billions of packages every year and also receives millions of returns, according to the Journal.</p><p>The e-commerce giant uses UPS and other companies to help deal with the packages from orders that customers want to send back, the outlet reported. As part of its efforts with returns, Amazon also lets customers take their returns to participating Kohl’s and Staples locations.</p><p><a href="https://www.foxbusiness.com/markets/certain-amazon-returns-ups-stores-come-fee" target="_blank" rel="noopener"><strong>CERTAIN AMAZON RETURNS AT UPS STORES COME WITH FEE</strong></a></p><p>UPS moved in late October to further capitalize on returns by acquiring Happy Returns in October. The company works with merchants on "frictionless, no-box, no-label returns."</p><p>In 2023, <a href="https://www.foxbusiness.com/category/retail" target="_blank" rel="noopener">U.S. retailers</a> experienced a 17.6% rate of return for online merchandise, the National Retail Federation and Appriss Retail found in a survey. That equated to roughly $247 billion.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p> 1c175a54-920f-5301-8df9-1e72239606f9 fbn Fox Business fox-business/markets fox-business/technology/amazon fox-business/organization/fedex fox-business/industries/retail fox-business/markets article Mon, 18 Mar 2024 14:02:09 -0400 https://www.foxbusiness.com/personal-finance/kevin-oleary-explains-forbids-couples-merge-finances-warns-financial-identity-disaster https://www.foxbusiness.com/personal-finance/kevin-oleary-explains-forbids-couples-merge-finances-warns-financial-identity-disaster Kevin O'Leary 'forbids' couples to merge their finances, warns lacking financial identity could spell disaster O&apos;Leary Ventures Chairman Kevin O&apos;Leary told FOX Business&apos; Stuart Varney he believes couples should maintain their own financial identity to prevent hardship in the future. <p>"Shark Tank" star and investor Kevin O'Leary says he "forbids" couples to merge their finances, warning that lacking your own financial identity could spell disaster should your personal life take a turn for the worse.</p><p>"You must, in this society, maintain your own financial identity. You have to. Because 50% of marriages end in divorce for financial stress over the first five years of marriage, and even if you have a long-term situation and anything would happen to your spouse, such as death… [and] you don't have your own financial identity, you're in the wilderness in America," he told <a href="https://www.foxbusiness.com/person/v/stuart-varney" target="_blank" rel="noopener">FOX Business' Stuart Varney</a> on Monday.</p><p><a href="https://www.foxnews.com/media/shark-tanks-kevin-oleary-argues-cnn-host-battle-trumps-finances-what-fraud" target="_blank" rel="noopener"><strong>‘SHARK TANK’S KEVIN O'LEARY ARGUES WITH CNN HOST OVER TRUMP'S FINANCES: ‘WHAT FRAUD?’</strong></a></p><p>"You must have a credit rating and a financial identity and an account and your own investment accounts just for your own survival, so when people tell me, 'We're going to merge our account,' I said, ‘What, are you nuts? Absolutely not.’" he continued.</p><p>O'Leary said he forbids the shared financial practice in his own family, adding that he "forces" prenuptial and cohabitation agreements. </p><p>"I want financial due diligence on significant others because I'm a realist. I deal in the real world," he told Varney.</p><p><a href="https://www.foxbusiness.com/lifestyle/kevin-oleary-delivers-top-tips-building-business-pinching-pennies" target="_blank" rel="noopener"><strong>KEVIN O'LEARY DELIVERS HIS TOP TIPS FOR BUILDING BUSINESSES, PINCHING PENNIES AS COSTS SOAR</strong></a></p><p>Adding to the conversation, he argued in favor of prenuptial agreements for addressing unequal financial accounts, pointing to his own role as an investor in HelloPrenup and asserting that the platform forces people to ask important financial questions of their potential partner.</p><p>"If you're building that financial pillar together, it's because you want that harmony to last. I'd argue the prenup helps a lot more. I really do," he said.</p><p><a href="https://www.foxnews.com/media/shark-tank-host-blasted-putting-success-above-loving-family-definition-of-hell" target="_blank" rel="noopener"><strong><u>SHARK TANK HOST GETS BLASTED FOR PUTTING ‘SUCCESS’ ABOVE HAVING LOVING FAMILY: ‘DEFINITION OF HELL’</u></strong></a></p><p>The <a href="https://www.foxnews.com/media/kevin-oleary-warns-chaos-begin-us-economy-wake-smell-roses" target="_blank" rel="noopener">O'Leary Ventures chairman</a> has previously urged couples to keep their financial identities separate, with a <a href="https://twitter.com/kevinolearytv/status/1769361211873702298" target="_blank" rel="nofollow noopener">post to X</a> on Sunday calling for investment accounts, ETFs, stocks and bonds to be kept in an individual's own name.</p><p>"You do not have to merge that with your significant other. Ever," he said in the video shared with the post. "There's absolutely no need to do that."</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p> 42e8460d-8ee1-5733-9307-e9a8079acf24 fbn Fox Business fox-business/financial-planning-101 fox-business/money fox-news/fox-news-us fox-business/shows/varney-and-co fox-business/personal-finance article Mon, 18 Mar 2024 13:46:59 -0400 https://www.foxbusiness.com/personal-finance/student-loan-forgiveness-states-biden-save-plan https://www.foxbusiness.com/personal-finance/student-loan-forgiveness-states-biden-save-plan These 10 states have gotten the most student loan forgiveness under Biden’s SAVE Plan States with higher populations and more borrowers saw the largest amount of student loan forgiveness. <p>The U.S. Department of Education just <a href="https://www.ed.gov/news/press-releases/biden-harris-administration-releases-state-state-breakdown-12-billion-save-plan-forgiveness" target="_blank" rel="noopener noreferrer">published a state-by-state list</a> of borrowers who have received forgiveness under President Biden’s Saving on a Valuable Education (SAVE) Plan.</p><p>The announcement breaks down how much forgiveness each state has received and how many borrowers are enrolled in the plan in each state. So far, borrowers have received a total of $1.2 billion throughout the country.</p><p>These are the 10 states where borrowers have received the most student loan forgiveness:</p><p>"When we talk about fixing a broken student loan system, this is what we’re talking about," U.S. Secretary of Education Miguel Cardona said. "The state-by-state SAVE Plan debt forgiveness numbers we’re announcing today not only show that President Biden’s leadership is making a real impact on people’s lives in every state – they demonstrate that we won’t ever stop fighting to make higher education more affordable and accessible for more Americans."</p><p>Unsurprisingly, the largest states with the most borrowers have benefited most from Biden’s SAVE Plan. California, Texas and Florida have seen the most forgiveness, followed by other densely populated states like New York.</p><p>If you’re struggling under the weight of your student loans, refinancing your loans into more affordable private loans can lower your monthly payments. An online tool like <a href="https://www.credible.com/refinance-student-loans?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2F+personal-finance%2Fstudent-loan-forgiveness-states-biden-save-plan" target="_blank" rel="nofollow noopener">Credible can be handy for comparing student loan refinancing rates from multiple lenders</a> without affecting your credit score.</p><p><a href="https://www.foxbusiness.com/personal-finance/student-loan-forgiveness-programs-end-this-year" target="_blank" rel="noopener noreferrer"><strong>SOME STUDENT LOAN FORGIVENESS PROGRAMS ARE SET TO END THIS YEAR – HERE’S WHAT TO DO IF THIS AFFECTS YOU</strong></a></p><p>The Biden Administration <a href="https://studentaid.gov/announcements-events/idr-recertification-extended" target="_blank" rel="noopener noreferrer">recently announced</a> a slight change to income-driven repayment (IDR) plans. The deadline to reenroll in the plan has been extended from March to September, at the earliest.</p><p>During COVID-19, when payments were paused, borrowers didn’t need to provide their income or family size in order to keep their IDR plans up to date, and that has also been extended to offer relief to those under the plan.</p><p>When a borrowers IDR plan expires, the process is broken down into three different timestamps. Three months before the plan expires, the servicer should reach out about recertification.</p><p>About 35 days before the plan expires, borrowers’ income information is due and 10 days before the plan expires will be the last date borrowers have to turn in their income documents. If borrowers miss this deadline, they run the risk of being taken off the plan and having their monthly payments go up.</p><p>If you have private student loans, federal relief doesn't apply to you, unfortunately. If you're looking to lower monthly payments and ease the burden of student loan debt, consider refinancing your student loans. <a href="https://www.credible.com/refinance-student-loans?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2F+personal-finance%2Fstudent-loan-forgiveness-states-biden-save-plan" target="_blank" rel="nofollow noopener">Lock in some of the lowest interest rates ever via the online marketplace Credible</a>.</p><p><a href="https://www.foxbusiness.com/personal-finance/student-loan-borrowers-facing-financial-hardship-qualify-debt-relief" target="_blank" rel="noopener noreferrer"><strong>STUDENT LOAN BORROWERS FACING FINANCIAL HARDSHIP MAY QUALIFY FOR BIDEN’S NEW ROUND OF DEBT RELIEF</strong></a></p><p>To fix the <a href="https://www.foxbusiness.com/personal-finance/fafsa-reveal-complications" target="_blank" rel="noopener">FAFSA complications</a> that happened at the end of last year, the U.S. Department of Education is <a href="https://www.ed.gov/news/press-releases/us-department-education-announces-updates-and-additional-preparation-support-2024%E2%80%9325-fafsa-implementation" target="_blank" rel="noopener noreferrer">rolling out additional support</a> to help.</p><p>"We are putting all hands on deck and using every lever we have to make sure we can achieve the transformational potential of the Better FAFSA to make higher education possible for many more of our nation’s students," U.S. Secretary of Education Miguel Cardona said. "The technical updates we are making today will not impact our implementation timelines, and, combined with other implementation efforts, the Department’s Better FAFSA will result in more students eligible to access more Pell Grants in the 2024–25 award year."</p><p>The Department updated how it calculates the amount of aid students qualify for. It plans to work with both colleges and loan vendors to give $50 million in any technical support they may need.</p><p>Additionally, universities with a lower level of resources will get extra support from the office of Federal Student Aid and other nonprofit organizations. The extra personnel will offer need-assessments and other support to help quickly process student aid packages.</p><p>The Department also plans to send system-generated test student records to schools, so they can process records more efficiently.</p><p>Don't worry about having to navigate student loan options on your own. <a href="https://www.credible.com/student-loans?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2F+personal-finance%2Fstudent-loan-forgiveness-states-biden-save-plan" target="_blank" rel="nofollow noopener">Credible can help compare student loan companies</a>, and hopefully land you some of the lowest rates around.</p><p><a href="https://www.foxbusiness.com/personal-finance/students-financial-aid-refund-college" target="_blank" rel="noopener noreferrer"><strong>STUDENTS MAY QUALIFY FOR A FINANCIAL AID REFUND FROM THEIR COLLEGE UNDER NEW EDUCATION DEPARTMENT PROPOSAL</strong></a></p><p><strong>Have a finance-related question, but don't know who to ask? </strong><i>Email The Credible Money Expert at </i><i>moneyexpert@credible.com</i><i> and your question might be answered by Credible in our Money Expert column.</i></p> 22e68649-c150-51f8-81f9-ab49ca51ffa3 fbn Fox Business fox-business/personal-finance fox-business/credible fox-business/topic/student-loans fox-business/money/credit-debt fox-business/person/joe-biden fox-business/personal-finance article Mon, 18 Mar 2024 13:25:28 -0400 https://www.foxbusiness.com/fox-news-us/epa-finalizes-ban-last-form-asbestos-used-us https://www.foxbusiness.com/fox-news-us/epa-finalizes-ban-last-form-asbestos-used-us EPA finalizes ban on last form of asbestos used in US The U.S. Environmental Protection Agency has finalized a rule to ban the use and importation of asbestos, marking the first chemical banned under a 2016 chemical safety law. <p>The U.S. Environmental Protection Agency on Monday finalized a rule that would ban using and importing <a href="https://www.foxbusiness.com/category/fox-news-cancer" target="_blank" rel="noopener">cancer-causing</a> asbestos, a material still used in some vehicles and in some industrial facilities in the U.S., the first chemical banned under a 2016 chemical safety law.</p><p>The ban of chrysotile asbestos, the only form of asbestos currently used in or imported to the United States, comes after the EPA under the previous Trump administration delayed banning the substance.</p><p>"The science is clear – asbestos is a known carcinogen that has severe impacts on public health," said EPA Administrator Michael Regan. "That’s why EPA is so proud to finalize this long needed ban on ongoing uses of asbestos."</p><p><a href="https://www.foxbusiness.com/markets/montana-judge-orders-asbestos-clinic-pay-6m-over-crooked-claims-337-patients-falsely-eligible-funding" target="_blank" rel="noopener"><strong>MONTANA JUDGE ORDERS ASBESTOS CLINIC TO PAY $6M OVER CROOKED CLAIMS, 337 PATIENTS FALSELY ELIGIBLE FOR FUNDING</strong></a></p><p>The substance had already been banned in more than 50 countries around the world and its use in the U.S. had been in decline, with most consumer industries discontinuing its use.</p><p>Raw chrysotile asbestos was imported into the U.S. as recently as 2022 for use by the chlor-alkali industry, which makes asbestos diaphragms to make sodium hydroxide and chlorine, used to disinfect drinking water and wastewater. Eight such plants remain in the U.S.</p><p><a href="https://www.foxbusiness.com/markets/johnson-johnson-reportedly-knew-about-asbestos-in-baby-powder-shares-plunge" target="_blank" rel="noopener"><strong>JOHNSON &amp; JOHNSON REPORTEDLY KNEW ABOUT ASBESTOS IN BABY POWDER, SHARES EXTEND DROP</strong></a></p><p>It is also used to make aftermarket automotive brakes and linings and other <a href="https://www.foxbusiness.com/category/auto" target="_blank" rel="noopener">vehicle friction</a> products, as well as sheet gaskets.</p><p>Exposure to asbestos has been linked to cases of lung cancer, mesothelioma, ovarian cancer and laryngeal cancer. The EPA said the announcement is part of <a href="https://www.foxbusiness.com/category/joe-biden" target="_blank" rel="noopener">President Joe Biden’s</a> Cancer Moonshot, a strategy to end cancer.</p> 7805f559-b694-5d35-be63-73025ca81387 fbn Fox Business fox-news/fox-news-newsedge/fox-news-health reuters fox-news/fox-news-health/fox-news-cancer fox-news/fox-news-politics/fox-news-executive/fox-news-law fox-news/fox-news-world/fox-news-environment fox-news/fox-news-weather/fox-news-us article Mon, 18 Mar 2024 13:22:46 -0400 https://www.foxbusiness.com/economy/us-homebuilder-sentiment-unexpectedly-rises-highest-level-since-july https://www.foxbusiness.com/economy/us-homebuilder-sentiment-unexpectedly-rises-highest-level-since-july US homebuilder sentiment unexpectedly rises to highest level since July Homebuilder confidence jumped into positive territory in March for the first time since July, as the persistent shortage of existing homes pushes more buyers to new construction. <p>Builders' confidence in the <a href="https://www.foxbusiness.com/category/real-estate" target="_blank" rel="noopener">U.S. housing market</a> made a surprise leap into positive territory this month, jumping to the highest level since July as more home buyers gravitate toward new construction amid the ongoing shortage of existing homes.</p><p>The National Association of Home Builders/Wells Fargo Housing Market Index, which measures the pulse of the <a href="https://foxnews.com/category/us/economy/housing" target="_blank" rel="noopener"><u>single-family housing market</u></a>, rose three points to 51 in March, marking its fourth consecutive monthly rise.</p><p>Any reading below 50 is considered negative. This is the first time the index has climbed above the break-even point since July. Economists expected this month's reading to remain flat at 48.</p><p>"Buyer demand remains brisk and we expect more consumers to jump off the sidelines and into the marketplace if mortgage rates continue to fall later this year," said NAHB Chairman Carl Harris, a custom home builder from Wichita, Kansas. </p><p><a href="https://www.foxbusiness.com/real-estate/rent-or-buy-guide" target="_blank" rel="noopener"><strong>TO RENT OR TO BUY? WHAT TO CONSIDER WHEN DECIDED BETWEEN A HOUSE OR APARTMENT</strong></a></p><p>"But even though there is strong pent-up demand, builders continue to face several supply-side challenges, including a scarcity of buildable lots and skilled labor, and new restrictive codes that continue to increase the cost of building homes," Harris added.</p><p>Sentiment among builders began steadily falling at the end of last summer after mortgage rates shot above 7%, throttling demand among would-be homebuyers. But borrowing costs have retreated in recent months as many investors believe the <a href="https://foxbusiness.com/category/the-fed" target="_blank" rel="noopener"><u>Federal Reserve</u></a> is done with its aggressive interest-rate hike campaign – and will soon pivot to cutting rates.</p><p><a href="https://www.foxbusiness.com/economy/home-foreclosures-are-soaring-nationwide-rising-fastest-these-states" target="_blank" rel="noopener"><strong>HOME FORECLOSURES ARE SOARING NATIONWIDE – AND RISING FASTEST IN THESE 5 STATES</strong></a></p><p>Rates on the popular 30-year fixed mortgage are currently hovering around 6.74%, according to Freddie Mac, down from a high of 7.79% at the end of October but well above the pre-pandemic average of 3.9%.</p><p>The recent decline has prompted a burst of optimism among homebuilders that the worst may be over. However, the <a href="https://www.foxnews.com/category/us/economy/housing" target="_blank" rel="noopener">housing market</a> is facing new headwinds heading into 2024, including higher prices and shortages of labor and lumber.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>"With the Federal Reserve expected to announce future rate cuts in the second half of 2024, lower financing costs will draw many prospective buyers into the market," said NAHB chief economist Robert Dietz. "However, as home building activity picks up, builders will likely grapple with rising material prices, particularly for lumber."</p><p><i>FOX Business' Megan Henney contributed to this report.</i></p> ab1a810d-1ab7-5f40-9ae8-2c1b96740bdb fbn Fox Business fox-business/markets/economy fox-business/home-mortgage/real-estate fox-news/fox-news-us/fox-news-economy/fox-news-housing fox-business/markets fox-business/economy article Mon, 18 Mar 2024 13:13:40 -0400 https://www.foxbusiness.com/retail/crafts-retailer-joann-files-bankruptcy-81-years https://www.foxbusiness.com/retail/crafts-retailer-joann-files-bankruptcy-81-years Crafts retailer Joann files for bankruptcy after 81 years Joann Inc. stores are set to stay open while the company looks to restructure financially, according to a company bankruptcy announcement Monday. <p>Joann Inc., the Ohio-based fabric and craft retailer, has filed for <a href="https://www.foxbusiness.com/category/bankruptcy" target="_blank" rel="noopener">Chapter 11 bankruptcy protection</a> after 81 years in business.</p><p>The company made the announcement Monday, adding it could become privately owned as soon as next month.</p><p>Joann Fabrics and Crafts stores and website will remain open and continue operating as normal, according to a press release. </p><p>"There is no other retailer with the same ability to serve sewists, quilters, crocheters, crafters and other creative enthusiasts as we have for the past 80 years, and we take great pride in seeing the passion and engagement of our millions of customers and our Team Members," Chris DiTullio, chief customer officer and co-lead of the interim office of the CEO, said in the release. </p><p><a href="https://www.foxbusiness.com/lifestyle/retail-joann-fabrics-e-commerce-strategy-covid-19-demand-ibm-pandemic" target="_blank" rel="noopener"><strong>JOANN FABRICS PIVOTS E-COMMERCE STRATEGY TO MEET NEW CUSTOMER DEMAND</strong></a></p><p>The company was founded in 1943, and <a href="https://www.foxbusiness.com/category/retail" target="_blank" rel="noopener">operates 829 store locations</a> across 49 states. </p><p>"This agreement is a significant step forward in addressing JOANN’s capital structure needs, and it will provide us with the financial resources and flexibility necessary to continue to deliver best-in-class product assortments and enhance the customer experience wherever they are shopping with us," Scott Sekella, Joann’s chief financial officer and co-lead of the interim office of the CEO, added. </p><p><a href="https://www.foxbusiness.com/retail/nike-membership-program-rewards" target="_blank" rel="noopener"><strong>WHAT IS THE NIKE MEMBERSHIP PROGRAM? EXCLUSIVE REWARDS, PRODUCTS, MORE</strong></a></p><p>Joann Inc. went private in 2011 before <a href="https://www.foxbusiness.com/stocks" target="_blank" rel="noopener">going public</a> a decade later with an initial offering at $12 a share. The stock opened at 25 cents a share on Monday.</p><p><a href="https://foxbusiness.com/" target="_blank" rel="noopener"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS</u></strong></a> </p><p>Joann Inc. has received about $132 million in commitments for new financing, and "expects to reduce funded debt on its balance sheet by approximately $505 million," according to the press release. </p> 4e1fd62d-90a7-501d-bcd7-22a07d3ad5df fbn Fox Business fox-business/industries/retail fox-business/markets/economy fox-news/fox-news-us/fox-news-economy fox-business/economic-indicators/us-economy fox-business/jobs/bankruptcy fox-business/retail article Mon, 18 Mar 2024 13:06:13 -0400 https://www.foxbusiness.com/personal-finance/personal-loan-rates-march-18-2024 https://www.foxbusiness.com/personal-finance/personal-loan-rates-march-18-2024 This week's personal loan rates edge up for 3- and 5-year loans The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly. <p>Borrowers with good credit seeking <a href="https://www.foxbusiness.com/fox-money/personal-loans/best-personal-loans" target="_blank" rel="noopener"><u>personal loans</u></a> during the past seven days prequalified for rates that were higher for 3- and 5-year loans when compared to fixed-rate loans for the seven days before.</p><p>For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between March 11 and March 17:</p><p>Personal loans have become a popular way to <a href="https://www.foxbusiness.com/fox-money/personal-loans/what-is-debt-consolidation" target="_blank" rel="noopener">consolidate debt</a> and <a href="https://www.foxbusiness.com/fox-money/personal-loans/personal-loan-to-pay-off-credit-card" target="_blank" rel="noopener">pay off credit card debt</a> and other loans. They can also be used to cover unexpected and <a href="https://www.foxbusiness.com/fox-money/personal-loans/best-emergency-loans" target="_blank" rel="noopener">emergency expenses</a> like medical bills, take care of a major purchase, or <a href="https://www.foxbusiness.com/fox-money/personal-loans/best-home-improvement-loans" target="_blank" rel="noopener"><u>fund home improvement projects</u></a>.</p><p>Average personal loan interest rates increased over the last seven days for 3- and 5-year loans. While 3-year loan rates rose by 0.31 percentage points, rates on 5-year loans edged up by 0.02 percentage points. Interest rates for both terms remain significantly higher than they were this time last year, up 2.33 percentage points for 3-year loans, and 5.97 percentage points for 5-year loans. </p><p>Still, borrowers can take advantage of interest savings with a 3- or 5-year personal loan, as both loan terms offer lower interest rates on average than higher-cost borrowing options such as credit cards. </p><p>But whether a personal loan is right for you depends on multiple factors, including what rate you can qualify for, which is largely based on your credit score. Comparing multiple lenders and their rates helps ensure you get the best personal loan for your needs. </p><p>Before applying for a personal loan, use a personal loan marketplace like Credible to <a href="https://www.credible.com/personal-loans/borrower/step/amount?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2Fpersonal-finance%2Fpersonal-loan-rates-march-18-2024" target="_blank" rel="nofollow noopener"><u>comparison shop</u></a>.</p><p>Here are the latest trends in personal loan interest rates from the Credible marketplace, updated weekly.</p><p>The chart above shows average prequalified rates for borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender. </p><p><strong>For the month of February 2024:</strong></p><p>Rates on personal loans vary considerably by credit score and loan term. If you're curious about what kind of personal loan rates you may qualify for, <a href="https://www.credible.com/personal-loan?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2Fpersonal-finance%2Fpersonal-loan-rates-march-18-2024" target="_blank" rel="nofollow noopener">you can use an online tool like Credible</a> to compare options from different private lenders.</p><p>All Credible marketplace lenders offer fixed-rate loans at competitive rates. Because lenders use different methods to evaluate borrowers, it’s a good idea to request personal loan rates from multiple lenders so you can compare your options.</p><p><strong>In February, the average prequalified rate selected by borrowers was: </strong></p><p>Depending on factors such as your credit score, which type of personal loan you’re seeking and the loan repayment term, the interest rate can differ. </p><p>As shown in the chart above, a good credit score can mean a lower interest rate, and rates tend to be higher on loans with fixed interest rates and longer repayment terms. </p><p>Many factors influence the interest rate a lender might offer you on a personal loan. But you can take some steps to boost your chances of getting a lower interest rate. Here are some tactics to try.</p><p>Generally, people with higher credit scores qualify for lower interest rates. Steps that can help you <a href="https://www.foxbusiness.com/fox-money/personal-loans/credit-score-for-personal-loan" target="_blank" rel="noopener"><u>improve your credit score</u></a> over time include:</p><p>Personal loan repayment terms can vary from one to several years. Generally, shorter terms come with lower interest rates, since the lender’s money is at risk for a shorter period of time.</p><p>If your financial situation allows, applying for a shorter term could help you score a lower interest rate. Keep in mind the shorter term doesn’t just benefit the lender – by choosing a shorter repayment term, you’ll pay less interest over the life of the loan.</p><p>You may be familiar with the concept of a cosigner if you have student loans. If your credit isn’t good enough to qualify for the best personal loan interest rates, finding a cosigner with good credit could help you secure a lower interest rate.</p><p>Just remember, if you default on the loan, your cosigner will be on the hook to repay it. And cosigning for a loan could also affect their credit score.</p><p>Before applying for a personal loan, it’s a good idea to shop around and compare offers from several different lenders to get the lowest rates. Online lenders typically offer the most competitive rates – and can be quicker to disburse your loan than a brick-and-mortar establishment. </p><p>But don’t worry, comparing rates and terms doesn’t have to be a time-consuming process.</p><p>Credible makes it easy. Just enter how much you want to borrow and you’ll be able to <a href="https://www.credible.com/personal-loan?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2Fpersonal-finance%2Fpersonal-loan-rates-march-18-2024" target="_blank" rel="nofollow noopener">compare multiple lenders</a> to choose the one that makes the most sense for you.</p><p>Credible is a multi-lender marketplace that empowers consumers to discover financial products that are the best fit for their unique circumstances. Credible’s integrations with leading lenders and credit bureaus allow consumers to quickly compare accurate, personalized loan options – without putting their personal information at risk or affecting their credit score. The Credible marketplace provides an unrivaled customer experience, as reflected by <a href="https://www.trustpilot.com/review/www.credible.com" target="_blank" rel="noopener">over 6,500 positive Trustpilot reviews</a> and a TrustScore of 4.7/5.</p> 44604a27-6769-597d-8310-3c789d45cee7 fbn Fox Business fox-business/personal-finance fox-business/credible fox-business/topic/personal-loans fox-business/topic/personal-loans/current-personal-loan-rates fox-business/personal-finance article Mon, 18 Mar 2024 12:24:01 -0400 https://www.foxbusiness.com/politics/stuart-varney-spiraling-biden-kamala-harris-dilemma https://www.foxbusiness.com/politics/stuart-varney-spiraling-biden-kamala-harris-dilemma Stuart Varney: 'Spiraling' Biden faces a Kamala Harris dilemma FOX Business&apos; Stuart Varney discussed a Washington Post article that called for Kamala Harris to step aside so Biden can reassure voters with a new running mate. <p>During his "My Take," on Monday, "<a href="https://www.foxbusiness.com/shows/varney-co" target="_blank" rel="noopener">Varney &amp; Co.</a>" host Stuart Varney reacted to Washington Post columnist Kathleen Parker's "desperate plea" for Kamala Harris to step down as vice president before the 2024 presidential election. </p><p><strong>STUART VARNEY</strong>: <i>I was surprised to read it. </i></p><p><i>I was surprised that the Washington Post published it. Here you go.</i></p><p><a href="https://www.foxbusiness.com/politics/stuart-varney-democrats-desperate-boost-kamala-harris-credibility" target="_blank" rel="noopener"><strong>DEMOCRATS ARE DESPERATE TO BOOST KAMALA HARRIS' CREDIBILITY: VARNEY</strong></a></p><p><i>"For the country's sake, Vice President Harris should step aside."</i></p><p><i>That speaks volumes about the high anxiety inside the </i><a href="https://www.foxbusiness.com/category/white-house" target="_blank" rel="noopener"><i>White House.</i></a></p><p><i>Kathleen Parker writes, "The Democratic Party's indulgence of identity politics proved successful in building a diverse organization, but its strategy of courting (and pandering to) minority voters is the road to ruin." </i></p><p><i>Ruin for the party, ruin for the country. Strong stuff.</i></p><p><a href="https://www.foxnews.com/media/kamala-harris-dodges-asked-whether-biden-debate-trump-get-that-some-point" target="_blank" rel="noopener"><strong>KAMALA HARRIS DODGES WHEN ASKED WHETHER BIDEN WILL DEBATE TRUMP</strong></a></p><p><i> It goes right to the heart of the problem with identity politics.</i></p><p><a href="https://www.foxbusiness.com/category/kamala-harris" target="_blank" rel="noopener"><i>Kamala Harris</i></a><i> can tick off the boxes: female, Black, and Asian descent. </i></p><p><i>It may be good politics, but it means nothing if Harris can't do the job if called upon to sit in the Oval Office.</i></p><p><i>Biden can't fire her. That would be a betrayal of minority voters. </i></p><p><i>He and the country are stuck. There's the dilemma. There's the road to ruin.</i></p><p><i>An incompetent vice president locked into the job by her identity, and an </i><a href="https://www.foxbusiness.com/category/joe-biden" target="_blank" rel="noopener"><i>81-year-old Biden</i></a><i>, spiraling down. </i></p><p><a href="https://www.foxbusiness.com/politics/jpmorgan-strategist-includes-biden-dropping-out-2024-surprises" target="_blank" rel="noopener"><strong>TOP JPMORGAN STRATEGIST INCLUDES BIDEN DROPPING OUT AMONG 2024 SURPRISES</strong></a></p><p><i>Very few believe he can do the job for four more years.</i></p><p><i>The only way out is for Harris to step aside. </i></p><p><i>That way, Biden could reassure voters with a new vice president and avoid the disaster of a Harris presidency. </i></p><p><i>I have no idea what she will do.  </i></p><p><i>Kathleen Parker ends with this rather desperate plea.</i></p><p><i>"Please, madame vice president, do it for your country."</i></p><p><a href="https://www.foxbusiness.com/" target="_blank" rel="noopener"><strong>FOR MORE FOX BUSINESS CLICK HERE</strong></a></p> 0deccb8e-fbe2-52bc-b2a2-196b826b0b6b fbn Fox Business fox-business fox-business/shows/varney-and-co fox-business/person/kamala-harris fox-business/person/joe-biden fox-business/politics/election fox-business/politics fox-business/politics article Mon, 18 Mar 2024 11:26:20 -0400 https://www.foxbusiness.com/personal-finance/gen-z-heading-to-warmer-climates https://www.foxbusiness.com/personal-finance/gen-z-heading-to-warmer-climates Gen Z movers are heading to warmer climates, willing to pay higher housing costs: Zillow Even though California has high rent costs, Gen Z is seeking out major cities, but some choose low-cost areas in Florida. <p>Gen Z’s moving habits show a preference for warmer states, even if moving there means paying higher rent costs, a Zillow <a href="https://zillow.mediaroom.com/2024-02-09-Top-10-states-to-which-Gen-Zers-are-moving-and-the-states-they-are-leaving" target="_blank" rel="noopener">report</a> showed. </p><p>The three states that saw the largest influx of Gen Zers in 2022 were Texas, California and Florida. California saw the largest outflux of residents in general, with nearly 215,000 residents leaving. Still, 44,000 Gen Zers moved to the state, according to Zillow. Texas saw the largest influx of Gen Zers, over California and Florida, with a net gain of more than 76,000 movers.</p><p>The other states Gen Z moved to most often included North Carolina, Washington, Colorado, Virginia, Illinois, Georgia and Arizona.</p><p>"Compared to all interstate movers, Gen Z adults who moved to California, Washington, Colorado or Virginia were more likely to have a four-year college degree, more likely to be serving in the military, and more likely to work in tech, ACS data shows," Edward Berchick, a principal population scientist at Zillow, said. "Gen Z movers are likely drawn to the job opportunities in these states, despite the higher costs of housing." </p><p>"They may also be in a stage of life where they're willing and able to be flexible in their standards of living while starting their careers," Berchick continued. </p><p>A large portion of the younger generation that moved opted to rent, Zillow found. In some states, this meant higher rent payments than the national average. In California, the average rent price is $1,856, in Washington it’s $1,592, and in Virginia it’s $1,440. The country’s national average is just $1,300.</p><p>If you’re looking to purchase a home in today’s market, you can explore your mortgage options by <a href="https://www.credible.com/mortgage?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2Fpersonal-finance%2Fgen-z-heading-to-warmer-climates" target="_blank" rel="nofollow noopener">visiting Credible to compare rates and lenders and get a mortgage preapproval letter in minutes</a>.</p><p><a href="https://www.foxbusiness.com/personal-finance/homebuyers-purchasing-tiny-homes-fixer-uppers" target="_blank" rel="noopener noreferrer"><strong>HOMEBUYERS CONSIDERING PURCHASING TINY HOMES AND FIXER-UPPERS TO COMBAT HIGH HOME PRICES</strong></a></p><p>Rural areas and states with colder climates didn’t see nearly as many Gen Z movers, according to Zillow’s report.</p><p>Michigan was the only state that saw more Gen Zers move out of state than in — 2,858 Gen Z residents moved out of state. Maryland and Idaho also saw the lowest net migrations. New England, with its cold weather and smaller population, isn’t as desirable for younger generations. Vermont, Maine, New Hampshire and Rhode Island all had very few Gen Zers moving in.</p><p>Gen Zers overlap with other generations in a few states. Maryland had very few Gen Zers move in, and even more residents from other generations moved out. The state saw a negative net migration of -36,632 in general, meaning more people moved out than moved in.</p><p>Florida was also a popular state for movers in general. It was one of the top states for Gen Zers looking to move and the top state for the general population.</p><p>If you think you’re ready to shop around for a home loan, consider <a href="https://www.credible.com/mortgage?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2Fpersonal-finance%2Fgen-z-heading-to-warmer-climates" target="_blank" rel="nofollow noopener">using Credible to help you easily compare interest rates from multiple lenders in minutes</a>.</p><p><a href="https://www.foxbusiness.com/personal-finance/americans-co-purchased-home-non-romantic-partner" target="_blank" rel="noopener noreferrer"><strong>15% OF AMERICANS HAVE CO-PURCHASED A HOME WITH A NON-ROMANTIC PARTNER, EVEN MORE WOULD CONSIDER IT</strong></a></p><p>While housing prices <a href="https://www.foxbusiness.com/personal-finance/case-shiller-home-prices-december" target="_blank" rel="noopener">remain high across the U.S.</a>, certain states are seeing housing costs drop due to a variety of factors. Condo prices in many Florida markets are dropping, largely due to high homeowners insurance costs, <a href="https://investors.redfin.com/news-events/press-releases/detail/1055/redfin-reports-floridas-condo-prices-are-falling-as-cost" target="_blank" rel="noopener noreferrer">Redfin reported</a>.</p><p>In Jacksonville, the average condo price declined by approximately 7% year-over-year in January. The same goes for Miami, where condo prices fell by 3% year-over-year. HOA and maintenance fees are also driving buyers away, forcing sellers to lower prices on the condos they’re selling. </p><p>"Condo costs are shocking," said Juan Castro, a Redfin Premier agent in Orlando. "Condos that used to have a $400 monthly maintenance fee may now have a $700 fee. It’s causing buyers to rethink their plans."</p><p>Outside of Florida, home prices in Jackson, Mississippi decreased at the end of 2023, according to a <a href="https://www.businessinsider.com/real-estate-housing-market-home-prices-mortgage-rates-affordability-report-2024-2#1-jackson-mississippi-1" target="_blank" rel="noopener noreferrer">Business Insider analysis</a> of National Association of Realtors (NAR) data. Prices decreased by 14.1% in Jackson year-over-year.</p><p>Cleveland, Ohio also saw home prices decrease by 8.6%. The average price in Cleveland was $190,700 at the end of 2023, but it was $236,700 in Q3 2023.</p><p>If you want to take advantage of low housing prices in your area, <a href="https://www.credible.com/mortgage?utm_source=fox&amp;utm_medium=partner_link&amp;utm_campaign=https%3A%2F%2Fwww.foxbusiness.com%2Fpersonal-finance%2Fgen-z-heading-to-warmer-climates" target="_blank" rel="nofollow noopener">Credible can let you view multiple mortgage lenders</a> and provide you with personalized rates within just minutes, all without affecting your credit.</p><p><a href="https://www.foxbusiness.com/personal-finance/top-cities-for-first-time-homebuyers-realtor" target="_blank" rel="noopener noreferrer"><strong>THIS IS THE #1 CITY FOR FIRST-TIME HOMEBUYERS, AND OTHER HOT US HOUSING MARKETS</strong></a></p><p><strong>Have a finance-related question, but don't know who to ask? </strong><i>Email The Credible Money Expert at </i><i>moneyexpert@credible.com</i><i> and your question might be answered by Credible in our Money Expert column.</i></p> b694639d-2626-5865-b665-26d05eb4ac14 fbn Fox Business fox-business/personal-finance fox-business/credible fox-business/home-mortgage fox-business/topic/mortgage fox-business/personal-finance article Mon, 18 Mar 2024 11:06:49 -0400 https://www.foxbusiness.com/lifestyle/united-airlines-ceo-addresses-string-of-incidents-tells-passengers-carrier-is-safe https://www.foxbusiness.com/lifestyle/united-airlines-ceo-addresses-string-of-incidents-tells-passengers-carrier-is-safe United Airlines CEO addresses string of incidents, tells passengers carrier is safe United Airlines&apos; CEO is trying to reassure passengers that its planes are safe following a string of incidents that occurred in less than a month&apos;s time. <p><a href="https://www.foxbusiness.com/category/united-airlines" target="_blank" rel="noopener">United Airlines CEO Scott Kirby</a> reassured flyers in a letter this week that the carrier is looking into the string of incidents that have recently involved its planes, from engine and structural issues to a wheel falling off during takeoff. </p><p>At least six unrelated incidents have occurred on planes operated by United since the end of February. Five of them involved a Boeing plane.  </p><p>"Safety is our highest priority and is at the center of everything we do," Kirby said in a letter sent to United customers. "Unfortunately, in the past few weeks, our airline has experienced a number of incidents that are reminders of the importance of safety." </p><p><a href="https://www.foxbusiness.com/lifestyle/united-airlines-boeing-plane-turned-around-midflight-suffered-hydraulic-leak" target="_blank" rel="noopener"><strong>UNITED AIRLINES BOEING PLANE THAT TURNED AROUND MIDFLIGHT SUFFERED HYDRAULIC LEAK</strong></a></p><p>While the incidents were all unrelated, they "have our attention and have sharpened our focus," Kirby said in the letter.</p><p>Last week, a Boeing 777 was forced to turn around midflight after leaving Sydney due to a hydraulic leak. </p><p>A few days earlier, an Airbus A320, en route to Mexico City, was forced to make an emergency landing at Los Angeles International Airport after a reported hydraulics issue.</p><p><a href="https://www.foxbusiness.com/lifestyle/mexico-bound-united-airlines-plane-makes-emergency-landing-los-angeles-airport" target="_blank" rel="noreferrer noopener"><strong><u>MEXICO-BOUND UNITED AIRLINES PLANE MAKES EMERGENCY LANDING AT LOS ANGELES AIRPORT</u></strong></a><strong> </strong></p><p>Shortly before that, a <a href="https://www.foxbusiness.com/lifestyle/united-airlines-flight-skids-houston-airport-runway-landing" target="_blank" rel="noopener">Boeing 737</a> "rolled onto the grass" at George Bush Intercontinental Airport in Houston after landing, and a Boeing 777-200 aircraft bound for Japan lost a tire shortly after taking off in San Fransisco. </p><p>Earlier this month, a flight from Houston to Fort Myers, Florida, made an emergency landing after experiencing an engine issue. A video showed flames spewing out of one of the plane's engines as a crew member acknowledged the situation.</p><p>In February, a Boeing 757 operated by United diverted to address an issue with the slat on the wing of the aircraft. A passenger reported seeing the wing "coming apart" and <a href="https://www.foxbusiness.com/lifestyle/boston-bound-flight-san-francisco-forced-divert-denver-planes-wing-came-midair" target="_blank" rel="noopener">missing noticeable chunks</a> during the flight. </p><p>FOX Business reached out to Boeing and Airbus for comment.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>Kirby said United is currently in the process of reviewing the details of each incident to better understand what happened. The airline is using those insights to "inform our safety training and procedures across all employee groups," he continued. </p><p>The company already planned to give pilots an extra day of in-person training starting in May, according to Kirby. United has also already created a centralized training curriculum for new-hire maintenance technicians. </p><p>"We're also dedicating more resources to supplier network management," Kirby added. </p><p>The chief executive said he is empowering the company's team to "speak up" if they see something wrong. Still, he said that passengers can still "be confident that every time a United plane pulls away from the gate, everyone on our team is working together to keep you safe on your trip." </p><p><i>FOX Business' Lawerence Richard and Greg Norman contributed to this report. </i></p> 7904339a-28e0-5a91-b9e6-01bcaa3932ed fbn Fox Business fox-business/organization/united-airlines fox-business/lifestyle/travel fox-business/lifestyle/airplanes fox-business/organization/boeing fox-business/lifestyle article Mon, 18 Mar 2024 10:57:46 -0400 https://www.foxbusiness.com/sports/jj-watt-tries-convince-wife-make-dicks-house-of-sport-forever-home-hilarious-skit https://www.foxbusiness.com/sports/jj-watt-tries-convince-wife-make-dicks-house-of-sport-forever-home-hilarious-skit JJ Watt tries to convince wife to make DICK'S House of Sport their 'forever home' in hilarious skit J.J. Watt was a &quot;kid in a candy store&quot; as his partnership with DICK&apos;S Sporting Goods was announced through a hilarious skit with the new DICK&apos;S House of Sport. <p><a href="https://www.foxbusiness.com/category/nfl" target="_blank" rel="noopener">Former NFL star defensive end</a> J.J. Watt has been having fun since retiring after the 2022 season. However, that inner child came to life in a new partnership with DICK'S House of Sport to the point where he wants to move his family into one of the stores. </p><p>Watt's partnership was announced Monday morning in a hilarious skit that involves him trying to convince his wife, Kealia Ohai Watt, to move into a <a href="https://www.foxbusiness.com/quote?stockTicker=DKS" target="_blank" rel="noopener">DICK'S House of Sport</a> with their son, Koa. </p><p>Watt spoke to Fox Business Digital about why this experience made him feel like a "kid in a candy store."</p><p><a href="https://www.foxbusiness.com/category/sports" target="_blank" rel="noopener"><strong>CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM</strong></a></p><p>"It is pretty crazy, man. These are gigantic," Watt explained. "I mean, 100,000 square feet. When I first walk in, this is the honest truth, I’m like a kid in a candy store. It’s like that over-excitement, looking at it like, ‘Where do I want to go?’ There’s a hundred different places I want to go. The one in Knoxville we were just at has the rock climbing wall dead center. So, immediately I’m like, ‘Yeah, let me hit that rock climbing wall.’ Then, like out of the corner of your eye you see the golf simulator. You’re like, ‘All right, Trackman, let’s go.’</p><p>"I personally really enjoyed the batting cage. This last time, I liked hitting in the batting cage. That was fun. But, I mean, I’m also a hockey player at heart as a kid. I’m fortunate now, but as a kid, we were shopping at Play It Again Sports and getting hand-me-down gear. So to see an entire hockey section and just look at it and be like, ‘That is the Holy Grail.’ It’s pretty crazy. It truly is. It brings out the inner child in you and also brings out the inner athlete. It kinda makes you want to play sports, be active and be a part of it. That’s what I love most about it. This is such a natural partnership for me." </p><p>The size of <a href="https://www.foxbusiness.com/lifestyle/former-dicks-sporting-goods-ceo-defends-stance-gun-restrictions-despite-backlash" target="_blank" rel="noopener">DICK'S Sporting Goods</a> stores is usually massive when visiting any location, but Watt being in awe of what he saw at the House of Sport shows how much of an experience this can be, no matter the sport. </p><p>The ad, where Watt sneaks into a House of Sport after hours to shoot his "campaign" to pitch his wife to move their family inside, shows what kind of hands-on experience customers can have. </p><p><a href="https://www.foxnews.com/sports/former-nfl-star-jj-watt-wants-league-consider-change-holding-penalties" target="_blank" rel="noopener"><strong>FORMER NFL STAR JJ WATT WANTS LEAGUE TO CONSIDER CHANGE FOR HOLDING PENALTIES</strong></a></p><p>"It’s an athlete’s paradise. So we snuck in here to make a video to convince my wife how sick I’d be to live here!" Watt told his director and camera/audio men, who did not appreciate him not divulging the whole breaking-and-entering situation they were in. </p><p>Watt went on to tour the store to show his wife what their new "home" could be, including the master bedroom which is located inside a HitTrax batting cage. </p><p>"Who wouldn’t want to fall asleep to the sweet baseball sounds from the state-of-the-art HitTrax cage?"</p><p>He also tried to pitch his wife on a "walk-in closet," which was all the shoe sections inside the store. </p><p>"You know how you talked about having a walk-in closet? Why would you have a closet when your shoes could have a whole house?" he said. </p><p>While pointing out the rock climbing wall and all the "adventurous" date nights they could have there, he went into the "new backyard" – a turf field with soccer goals right behind the store. </p><p>As a professional soccer player, Kealia may not have been able to say no to some personal training turf right in her new home. At least, that is what her husband thought. </p><p>"A soccer superstar like yourself needs her very own practice field. Welcome to our new backyard. What more could you want?" he said. </p><p>Kealia gave her answer at the end of the skit. </p><p>"So you got a whole team to shoot this?" she asked Watt. "And there’s an entire room for shoes? And a rock wall for date night? Hard pass, but I’ll meet you at the golf simulator. That looks fun."</p><p>Watt confirmed that she agreed to go with him to the House of Sport occasionally, but the family will not be moving in anytime soon. </p><p>Maybe more visits will bring out that inner child and athlete Watt feels every time he steps foot in one. </p><p><i><strong>Follow Fox News Digital’s </strong></i><a href="https://twitter.com/FoxNewsSports_" target="_blank" rel="noopener"><i><strong>sports coverage on X</strong></i></a><i><strong>, and subscribe to </strong></i><a href="https://www.foxnews.com/newsletters" target="_blank" rel="noopener"><i><strong>the Fox News Sports Huddle newsletter</strong></i></a><i><strong>.</strong></i></p> a03ade52-80c6-5279-8cee-6e5f1474ee4e fbn Fox Business fox-business/industries/sports fox-business/organization/nfl fox-business/markets fox-business/sports article Mon, 18 Mar 2024 10:05:29 -0400