President-elect Trump took the $3.5 trillion cryptocurrency industry by surprise Friday night, announcing the launch of his own crypto token called $Trump coin. The launch is on its way to becoming one of the most successful in history. In less than 24 hours, $Trump coin rose from just a few cents to around $30, a

President-elect Trump will take office on Monday, and Wall Street and Corporate America are bracing for a big shift from the past four years. Trump has promised to push his pro-growth policies with tax cuts and big moves that will impact industries such as energy and crypto and what he considers a bloated federal workforce.

President-elect Trump doesn’t officially take office for another week, but investment bankers say a boom in Trump-related deal-making is already underway—transactional activity that was stymied by the regulation-heavy Biden administration is poised to explode. This was the conclusion of a panel of investment bankers and private equity executives who discussed the return of corporate deal-making

Facebook parent Meta on Tuesday announced that it’s planning to cut back its workforce with the reductions focused on the lowest performers, according to an internal memo sent to Meta employees. “I’ve decided to raise the bar on performance management and move out low-performers faster,” Meta CEO Mark Zuckerberg said in the memo. The news was

Southwest Airlines is looking to trim costs by halting some hiring and most summer internships. “We are limiting discretionary costs, including holding on the Southwest Rallies for this year, as we focus on reducing costs,” a Southwest spokesperson told FOX Business. “We’re also pausing most summer internship positions (honoring offers already made) and pausing all

Apple’s board of directors urged shareholders to reject a proposal that would require the company to end its diversity, equity and inclusion (DEI) programs, arguing the move would be “unnecessary.” The iPhone maker’s defense of its DEI programs comes as several major corporations are rolling back the so-called “woke” initiatives following a 2023 Supreme Court

Most major U.S. corporations still have diversity, equity and inclusion (DEI) programs, but the list of companies of late that have rolled back the so-called “woke” initiatives continues to grow. A slew of firms announced cutbacks to their DEI programs last year following activist pressure, and the trend has continued into 2025. Here is the

Crypto payments platform MoonPay has acquired blockchain payment processor Helio for $175 million, marking the start of what could be a series of strategic mergers in the digital asset space under the crypto-friendly Trump administration, FOX Business has learned. The acquisition is privately-held MoonPay’s largest to date and will expand its payments infrastructure by integrating

Stocks tumbled after a stronger-than-expected jobs report, raising new headwinds for the Federal Reserve -President-elect Trump lashed out at President Biden after an aggressive move on energy drilling  -More Fortune 500 companies are ditching DEI policies  -California wildfires exposed massive lapses in insurance and preparedness for national disasters -Inside California’s broken insurance regulation  -The IRS

The labor union representing some 45,000 U.S. dockworkers reached a tentative agreement with port employers on Wednesday, averting a strike at East and Gulf Coast ports later this month. In a joint statement, the International Longshoremen’s Association (ILA) and United States Maritime Alliance (USMX) announced they reached an agreement on a six-year Master Contract, which