News

Tesla reported a revenue loss from its electric vehicles fall year over year in the first quarter. The electric vehicle maker, run by CEO Elon Musk, generated $13.97 billion in automotive revenue in the first three months of 2025, marking a drop of nearly 20% from the same quarter last year, according to its earnings...

FIRST ON FOX: U.S. investment under President Donald Trump’s administration has reached more than $5 trillion, and is expected to generate hundreds-of-thousands of jobs, according to an analysis of company announcements and reports from industry experts.  In total, through both domestic and foreign investments from four different countries, various U.S. industries and manufacturers have garnered...

Los Angeles has seen a decline in local film and TV production, causing some to worry the city could face the same fate as Detroit did with the auto industry several decades ago.  “As the auto industry left Detroit, it really hollowed out that city, and now there’s some concern that the same thing could be...

American workers are lowering their expectations of the pay rate they want to take a new job, according to research by the Federal Reserve Bank of New York. The New York Fed’s Survey of Consumer Expectations found that the so-called reservation wage for a new job declined to $74,236 in March from $82,135 in November, which...

Halliburton on Tuesday warned of a second-quarter earnings impact from tariffs and lower oilfield activity in North America as producers evaluate drilling and completions at weak oil prices, sending shares of the oilfield service producer down about 6%. Halliburton is the first of the Big Three U.S. oilfield services providers and among the first large...

White House press secretary Karoline Leavitt said the Trump administration now has “18 proposals on paper” for trade deals following the implementation of its latest tariffs.  “I spoke to our entire trade team this morning. There is a lot of progress being made. We now have 18 proposals on paper that have been brought to...

Beijing has asked South Korean companies to cease exporting products containing Chinese-originated heavy rare earth metals to U.S. defense firms, warning that Seoul could face sanctions.  China’s Ministry of Commerce sent official notices to at least two South Korean companies recently, the Korea Economic Daily reported on Tuesday, citing sources in the South Korean transformer...

Treasury Secretary Scott Bessent told an investor summit on Tuesday that he expects the U.S. and China will de-escalate the impasse over tariffs because it’s unsustainable for both countries, FOX Business has learned. Bessent said that while negotiations haven’t started, a deal is possible, a source who attended the investor summit told FOX Business. Bloomberg...

U.S. industrial conglomerate 3M Co. on Tuesday beat Wall Street expectations for first-quarter profit on cost cutting, sending its shares up 7% even as it warned of a potential hit to 2025 earnings from trade tensions. Bill Brown, who succeeded Mike Roman as CEO in May, laid out a restructuring plan in July focused on...

The chief executives of Walmart and Target met with President Donald Trump on Monday to discuss ongoing trade negotiations with other nations and the impact of tariffs imposed on imported products.  Walmart CEO Doug McMillon spoke with the president about the tariffs and their impact on the retail industry during the meeting at the White...