Tag: Business

  • Mortgage rates tick down | Fox Business

    Mortgage rates tick down | Fox Business

    Mortgage rates fell slightly this week, remaining stubbornly high while would-be buyers and sellers continue to wait for steeper declines.

    Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.95% from last week’s reading of 6.96%. The average rate on a 30-year loan was 6.63% a year ago.

    Newly finished developmennt of homes for sale, built by home builder KB Homes, are pictured in Carlsbad, California. (REUTERS/Mike Blake / Reuters Photos)

    “The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. That trend continued this week, with the average rate remaining essentially flat at 6.95%,” said Sam Khater, Freddie Mac’s chief economist. “Driven by these higher rates and a persistent supply shortage, affordability hurdles still exist for many homebuyers and a significant number of them remain on the sidelines.”

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    The average rate on the 15-year fixed mortgage fell to 6.12% from 6.16% last week. One year ago, the rate on the 15-year fixed note averaged 5.94%.

  • Trump Commerce secretary pick vows to sell all his business interests if confirmed

    Trump Commerce secretary pick vows to sell all his business interests if confirmed

    President Donald Trump’s nominee for secretary of Commerce, billionaire Howard Lutnick, says he will sell all of his business interests if confirmed in order to prevent any conflicts of interest. 

    Howard Lutnick testifies during his Senate Committee on Commerce, Science, and Transportation confirmation hearing on Jan. 29, 2025, in Washington, D.C. (Kayla Bartkowski/Getty Images)

    “My plan is to only serve the American people. So I will divest – meaning I will sell all of my interests, all of my business interests, all of my assets, everything,” Lutnick, the CEO of investment firm Cantor Fitzgeral said during his confirmation hearing on Wednesday before the Senate Committee on Commerce, Science, and Transportation.

    HOWARD LUTNICK, TRUMP COMMERCE SECRETARY PICK, SAYS IT’S ‘NONSENSE’ THAT TARIFFS CAUSE INFLATION

    “I’ve worked together with the Office of Government Ethics, and we’ve reached agreement on how to do that, and I will be divesting within 90 days upon my confirmation,” he told the committee. “So I should have no business interests, therefore no conflicts of interest.”

    Howard Lutnick on markets and economy

    Howard Lutnick has vowed to divest all his business holdings within 90 days if he is confirmed to lead the Commerce Department. (Christopher Goodney/Bloomberg via Getty Images / Getty Images)

    Lutnick’s pledge would be no small feat to carry out. The Associated Press noted that his financial disclosures show he has positions at more than 800 businesses and other private entities.

    PRESIDENT TRUMP, HIS ADMINISTRATION AND CONGRESSIONAL LEADERS: THEIR SALARIES

    Lutnick, 63, joined Cantor Fitzgerald fresh out of college and has led the firm since 1991. But he said it will be time to pass the baton if he is confirmed to lead the Commerce Department.

    Trump and Lutnick

    Donald Trump, then the Republican presidential nominee, and Cantor Fitzgerald CEO Howard Lutnick attend Annual Charity Day hosted by Cantor Fitzgerald on Sept. 12, 2016, in New York City.

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    “I made the decision that I’ve made enough money in my life. I can take care of myself. I can take care of my family,” Lutnick told the committee, adding, “It is now my chance to serve the American people. And so, upon confirmation, my businesses will be for sale and someone else will lead them going forward.”

  • Small Business Administration nominee Kelly Loeffler says small biz is in her DNA

    Small Business Administration nominee Kelly Loeffler says small biz is in her DNA

    Former U.S. Sen. Kelly Loeffler of Georgia, President Donald Trump’s pick for Small Business Administration (SBA) administrator, plans to go before the Senate’s Small Business and Entrepreneurship Committee on Wednesday, when she plans to speak about Trump’s vision for the country, as well as what qualifies her for the job.

    In a copy of her written remarks obtained by FOX Business, Loeffler speaks about her roots growing up as the fourth generation on her family’s farm in Illinois, adding that “small business” is in her “DNA.”

    “My wonderful parents, Don and Lynda, didn’t have degrees, but they had faith and grit,” she wrote. “They worked relentlessly to sustain our farm and small trucking company – risking everything to provide for us while navigating volatile commodity markets and complex regulations and facing countless day-to-day challenges.

    “It’s where my Midwestern work ethic was ingrained, working in our soybean fields and waiting tables at local restaurants – preparing me for a lifetime of starting and growing businesses,” she continued. “I became the first in my family to graduate college and later earned my MBA.”

    FIRST ON FOX: TRUMP SMALL BUSINESS ADMINISTRATION PICK LOEFFLER TO MEET WITH GOP SENATORS

    Former U.S. Sen., Kelly Loeffler, R-Ga., is President Donald Trump’s nominee to be administrator of the Small Business Administration. (Anna Moneymaker/Getty Images / Getty Images)

    After college, Loeffler helped grow a startup into a Fortune 500 company, and for 10 years, she co-owned the Atlanta Dream of the WNBA. She also wrote that she launched a financial technology company, Bakkt, as the founding CEO and first employee.

    “I recall managing budgets in Excel spreadsheets, hiring my first team member, and working with regulators as much as I recall ringing the bell when two of those companies went public,” Loeffler wrote.

    Later in her statement, Loeffler talks about how she plans to leverage her decades of business experience to champion America’s entrepreneurs.

    FIRST ON FOX:TRUMP CABINET NOMINEE LOEFFLER PLEDGES TO DONATE SALARY TO CHARITY IF CONFIRMED

    loeffler

    Former U.S. Sen. Kelly Loeffler campaigns in Milton, Georgia, in 2022. (Jessica McGowan/Getty Images / Getty Images)

    “We’ll cut red tape and modernize the agency while restoring the accountability and transparency that taxpayers deserve,” she wrote. “I will crack down on fraud, with a zero-tolerance policy, while shifting SBA’s focus from Washington D.C. back to Main Streets across America. And if confirmed, I’ll collaborate across government and the private sector to deliver efficiency and results. Importantly – we will responsibly and urgently meet the challenge of disaster relief. I am committed to serving all who are impacted, from North Carolina to California to Hawaii.

    “Each taxpayer dollar entrusted to SBA should have an economic multiplier effect – delivering productive capital to grow manufacturing, strengthen rural communities, create jobs, and develop critical technology like AI and chips,” Loeffler added. “I believe we must continue to empower entrepreneurs from all walks of life, including women and veterans.”

    Loeffler is part of a team that Trump is putting together that aims to put “America first.”

    SMALL BUSINESS OPTIMISM JUMPS TO 6-YEAR HIGH FOLLOWING TRUMP WIN

    President Donald Trump arrives with Sen. Kelly Loeffler, R-Ga., at a campaign rally in 2021. (Alex Wong/Getty Images / Getty Images)

    She wrote about the SBA’s founding mission of empowering small businesses and growing the economy, needing to be restored.

    “That’s exactly what the America First agenda does – by ending inflation, cutting taxes, unleashing American energy dominance, slashing regulation, and reining in fraud, waste, and abuse across government,” she wrote. “In the last four years, small business has lost ground – burdened by inflation, big government regulation, and uncertainty that threatens the very existence of Main Street. President Trump’s proven agenda will restore the small business economy, marking a return to ‘Made in America’ – with a golden era of prosperity and growth.”

    Loeffler and her husband Jeff have long been major donors to Republican causes and candidates, including Trump. Loeffler served as co-chair of Trump’s inaugural committee.

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    If confirmed by the Senate, Loeffler says she would donate her annual federal pay of approximately $207,500 to charity.

    The pledge by Loeffler, whose net worth is estimated at roughly $1 billion, follows her actions in Congress from 2019 to 2021, when she donated her Senate salary of $174,000 per year to over 40 Georgia charities and nonprofits. 

    Fox News Digital’s Paul Steinhauser contributed to this report.

  • A look at the Trump family’s business empire

    A look at the Trump family’s business empire

    President Donald Trump and his business background have long been talked about before his foray into politics.

    The twice-elected president and members of his family have ties to businesses in sectors ranging from cryptocurrency and real estate to beverages and apparel. 

    Here are some businesses tied to Trump or members of his family.

    Trump Organization

    The “Trump World Tower” located on 845 United Nations Plaza, in New York City on Feb. 17, 2024. ( CHARLY TRIBALLEAU/AFP via Getty Images / Getty Images)

    The Trump Organization is the company for which Trump and his family are best known. Sons Eric Trump and Donald Trump Jr., both executive vice presidents, have managed it since 2017, according to the Trump Organization website.

    The company boasts numerous highly valuable hotels, golf courses, commercial buildings and other pieces of real estate. It also deals in licensing Trump’s name. 

    The Trump Organization and the Donald J. Trump Revocable Trust will “continue to hold all of its (and President Trump’s) investments and business assets in a trust managed by his children” while the president sits in the White House, according to an ethics plan obtained and published by USA Today

    The document also said Trump will “have no role in any of the day-to-day decision making concerning or involving the company.” His investments will be “independently managed by outside financial institutions.”

    Other measures the company plans to take during Trump’s term were also detailed in the document, according to USA Today. 

    $Trump meme coin

    trump meme coin

    President Donald Trump’s X account promoting his new meme coin $TRUMP is seen on a mobile phone screen. (Hakan Nural/Anadolu via Getty Images / Getty Images)

    Trump’s meme coin, $TRUMP, debuted on Jan. 17. They are “fungible crypto assets created and tracked on the Solana blockchain,” according to the meme coin’s website.

    Over three years, 1 billion of $TRUMP is expected to become available, the website said. Initially, 200 million of the meme coins were up for grabs. 

    $Melania meme coin

    melania meme coin

    The Melania Trump Token meme logo is displayed on a smartphone. (Omar Marques/SOPA Images/LightRocket via Getty Images / Getty Images)

    Following the release of $TRUMP, the president’s wife, Melania Trump, released the crypto token $MELANIA. 

    Her meme coin is “intended for collecting and entertainment purposes only,” according to its website.

    MELANIA TRUMP LAUNCHES CRYPTOCURRENCY MEME COIN AFTER PRESIDENT-ELECT TRUMP LAUNCHES HIS OWN

    Trump Media & Technology Group

    The Truth social network logo is seen on a smartphone. (REUTERS/Dado Ruvic/Illustration / Reuters Photos)

    Trump’s social media network, Truth Social, falls under Trump Media & Technology Group Corp.’s umbrella.

    Filings submitted to the Securities and Exchange Commission (SEC) in December showed he put his 114.75 million shares of the company into the “Donald J. Trump Revocable Trust.”

    Ticker Security Last Change Change %
    DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 32.71 -0.84 -2.50%

    The trustee of the trust is Trump Jr. He holds “sole voting and investment power over all securities owned by the Trust,” according to an SEC filing. 

    TRUMP TRANSFERS ALMOST $4 BILLION OF HIS TRUTH SOCIAL PARENT COMPANY SHARES TO A TRUST IN SURPRISE MOVE

    Trump Media went public under the ticker “DJT” in the spring of last year. The company has a market capitalization north of $7 billion.

    Lara Trump’s athletic clothing brand

    Lara Trump

    Lara Trump, the wife of Eric Trump, rolled out her LT Brand by Lara Trump Collection activewear line in November of last year. (Photographer: Hannah Beier/Bloomberg via Getty Images / Getty Images)

    Lara Trump, the wife of Eric Trump, rolled out her LT Brand by Lara Trump Collection activewear line in November of last year. It includes leggings, sports bras, shirts and other clothing.

    “As a triathlete, former track runner, wife, mother, and entrepreneur, I wanted to create something that reflects my passions, beliefs, and lifestyle,” she said on Instagram. “LT Brand combines style, comfort, and performance, all while supporting American workers and factories.”

    World Liberty Financial

    Republican presidential nominee and former President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, on July 27, 2024.

    Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, on July 27, 2024. (Reuters/Kevin Wurm/File Photo / Reuters Photos)

    World Liberty Financial serves as a decentralized finance platform. 

    The platform says on its website that DT Marks DEFI LLC “own approximately 60% of the equity interests in WLF Holdco LLC, which holds the only membership interest in World Liberty Financial.” That entity has ties to Trump and “certain of his family members,” according to the site. 

    “None of Donald J. Trump, his family members or any director, officer or employee of Trump Organization or of DT Marks LLC is an officer, director or employee of, WLF Holdco LLC or World Liberty Financial, Inc., except that Eric Trump serves as one of the managers on the board of managers of WLF Holdco LLC. DT Marks DEFI LLC along with certain family members of Donald J. Trump also holds 22.5 billion $WLFI tokens, and DT Marks DEFI LLC is entitled to receive fees from World Liberty Financial, Inc. pursuant to a service agreement, equal to 75% of $WLFI token sale proceeds after deduction of agreed reserves, expense and other amounts,” the website also said. 

    Trump and his two oldest sons posted about the project on social media in the lead up to its roll-out, FOX Business previously reported.

    Trump Winery

    trump winery bottles

    Eric Trump serves as the president of Trump Winery, a winery that spans 1,300 acres in Charlottesville, Virginia. ( Dylan Rives/Getty Images for SOBEWFF / Getty Images)

    Eric Trump serves as the president of Trump Winery, a winery that spans 1,300 acres in Charlottesville, Virginia, according to its website. 

    The winery says on its website that it is a “registered trade name of Eric Trump Wine Manufacturing LLC, which is not owned, managed, or affiliated with Donald J. Trump or any of his affiliates.” It produces a variety of wines, including red, white, sparkling and rose. 

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    In addition to wine, Trump Winery began a foray into ciders last year, according to an Instagram post from the president’s second-oldest son.

    The winery unveiled a sparkling “Presidential Reserve” wine on Inauguration Day. It only made 4,547 cases of the $245 wine.

  • Celebrity real estate agent brings ‘small-town’ Tennessee life roots to big city business

    Celebrity real estate agent brings ‘small-town’ Tennessee life roots to big city business

    Celebrity real estate agent Taylor Middleton has no regrets about leaving her small-town life behind to embrace the fast-paced world of New York City. 

    Middleton, who was raised in Nashville, Tennessee, moved to Manhattan after graduating from Vanderbilt University. Since launching her career in 2013, Middleton, who is starring in Netflix’s new reality series “Selling the City,” has closed over $500 million in luxury real estate sales. 

    During an interview with FOX Business, Middleton recalled her experience when she first relocated to the Big Apple.

    “Growing up in Nashville – and it was such a small town when I grew up there – and then moving to the big city, as they say, as soon as I landed here, it was like, ‘Oh my gosh, I’m with my people,’” Middleton said.

    “Selling the City” star Taylor Middleton left her “small-town” life in Tennessee behind to embrace the fast-paced world of Manhattan’s luxury real estate market. (Netflix / Fox News)

    “People who are go, go, go and so driven and ambitious,” she continued. “And it was very empowering and exciting for me because so much of my community in Nashville – and I love them so much – but so many of my friends were having their second, third, fourth child and were married and living this country club life.” 

    ‘SELLING SUNSET’ PATRIARCH NAVIGATING A REAL ESTATE ‘DEATH KNELL’

    “Which, if I’m being honest and candid, I always – I wanted that for myself,” Middleton added. “And I felt very different and apart from [that]. And so when I came to New York, it felt like, ‘Oh my gosh, everyone is living such independent, different, unique paths and exploring different things.’” 

    “It felt like anything was possible. And so it invigorated me to do more.”

    WATCH: CELEBRITY REAL ESTATE AGENT TAYLOR MIDDLETON REFLECTS ON LEAVING SMALL TOWN TENNESSEE LIFE FOR BIG CITY

    Middleton noted that succeeding in New York was similar to building a winning team in professional football.

    “You can play up or play down to the team that you’re playing against,” she explained. “So when you are surrounding yourself with people who are smarter, better, more successful than you, it just – some people may cave under that pressure. But for me, I really thrive in it because it inspires me to do better.”

    Middleton, who Netflix dubbed “the Southern belle dominating NYC’s luxury real estate scene,” told Fox Business that she originally hadn’t envisioned embarking on a career in the industry. However, she recalled that she had been “obsessed” with real estate from an early age.

    selling the city cast photo

    “Selling the City” is a New York-based spin-off of Netflix’s hit show “Selling Sunset.” (Netflix / Fox News)

    taylor with jordyn and abigail in the office

    The new show follows the professional and personal lives of top-selling agents at the luxury real estate firm Douglas Elliman. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    “It’s funny because my parents moved around a lot [when I was] growing up in Nashville, and I always thought that they made horrible real estate decisions,” she remembered. “So, literally from the age of 8, I was calling up our real estate broker at [Nashville-based real estate firm] Fridrich and Clark, going, ‘Hey, Whit. Taylor Middleton. I just saw that there’s an open house coming in the paper. And so if you could take my mom and my dad … and he’s calling my parents, like, ‘Are you guys in the market? And they’re like, ‘No, stop taking her calls.’”

    “‘Like, this is ridiculous,” she said with a smile. “So I always was kind of a real estate junkie. But then moving to New York, it wasn’t actually my plan to get into real estate. I kind of fell into it, thankfully and luckily. Just being super naive, thinking, ‘OK, I’ll figure this out, I’ve got this.’”

    Middleton explained that she saw unlimited potential in a real estate career, which appealed to her since she was unable to work for many years due to a long battle with Lyme disease. 

    “I had a lot of lost time to make up for,” she said. “And so not having a ceiling was very compelling, and anything that’s very entrepreneurial, I’ve always loved.”

    WATCH: ‘SELLING THE CITY’ STAR TAYLOR MIDDLETON SAYS SHE WAS ALWAYS A REAL ESTATE JUNKIE

    “Selling the City” is a New York City-based spin-off of Netflix’s mega-hit show “Selling Sunset.” The series follows both the professional and personal lives of the ambitious realtors at the Manhattan branch of the firm Douglas Elliman as they “navigate the cutthroat world of luxury real estate in New York City,” per the streaming network.

    In the show, Middleton candidly opened up about her marital woes and her past struggles with Adderall addiction. While speaking with FOX Business, Middleton explained that her efforts to overcome her substance abuse issues had given her the drive to succeed in New York’s challenging real estate market.

    “Each person’s method is different for cracking the Big Apple,” she said. “And to me, there’s a phrase in recovery that I always stand by where it’s like, ‘Don’t miss the miracle. Don’t give up before the miracle.’ And I think that that’s what sets people apart who make it in New York or who don’t.”

    “And for some people, it’s just not for them,” Middleton continued. “And that’s all respect there, too. But for me, it’s like you just have to keep going — during the markets where you make no money, during the years when you make no money.” 

    “If you have that belief and confidence in yourself, if you just keep going — and the universe is also telling you you’re on the right path — then it’s going to work out.” 

    selling the city jordyn, taylor, jade and gisselle walking down the street

    Middleton is starring in the show alongside seven other agents at Douglas Elliman. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    Middleton, who numbers celebrities, CEOs and other wealthy individuals among her roster of clients, told FOX Business that she had recently closed her biggest real estate deal to date. The TV personality was part of a development team that sold a Manhattan penthouse for just under $17 million.

    “That was definitely a team effort. I did not do it alone, but that was a big milestone sale for me,” she said.

    FORMER ‘SELLING SUNSET’ STAR WARNS FLORIDA’S HIGH CONDO PRICES TURNING INTO ‘BIG ISSUE’ WITH RETIREES

    While closing transactions with high price tags is always a cause for celebration, Middleton explained that the sales she has found most rewarding were often those she made by establishing strong personal connections with her clients. 

    “It’s not about even the sale number or the deal volume, it’s about the relationship,” she said. 

    the selling the city cast at a work meeting

    The show follows the agents as they “navigate the cutthroat world of luxury real estate in New York City.” (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    Middleton recalled meeting a couple who rented an apartment that she listed during the COVID-19 pandemic. Though she had not represented the pair in that deal, they stayed in touch and reached out to her when they were looking to buy a property in Manhattan.

    “We ended up finding them the most amazing apartment that worked for them and their family, where they started having kids and then their parents ended up getting a pied-à-terre” here in New York,” Middleton said.

    “They’re originally from the South,” she continued. “And so to be able to work with multiple family members on multiple deals, that’s the most rewarding, because you become really ingrained in a part of the fabric of these people’s life decisions. That’s the most rewarding part, where people feel comfortable enough with you that they refer you to family and friends.”

    eleanoria and taylor in nyc

    Eleonara Srugo recruited Middleton to join Douglas Elliman. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    In addition to Middleton, the “Selling the City” cast consists of seven other Douglas Elliman real estate agents, including team leader Eleonara Srugo. Srugo, who has drawn comparisons to “Selling Sunset” patriarch Jason Oppenheim, executed Douglas Elliman’s biggest real estate deal of 2023 after selling a $75 million listing. 

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    The New York native is ranked among the top-selling real estate agents by sales volume nationwide, according to her biography on Douglas Elliman’s website.

    During her interview with FOX Business, Middleton recalled that she was working at another firm before Srugo recruited her to Douglas Elliman. She hadn’t anticipated that her new gig would lead to reality TV fame, but she jumped at the opportunity to be part of the series when it came along.

    “I joined [Srugo’s] team and then from there, all of a sudden, this show is coming about, and it was just kind of like, ‘OK, I’ll take both,’” Middleton said with a laugh.

    WATCH: ‘SELLING THE CITY’ STAR TAYLOR MIDDLETON SHARES HER SECRET TO CRACKING NEW YORK’S LUXURY REAL ESTATE MARKET

    cast photo of selling the city

    “Selling the City” is currently streaming on Netflix. (Courtesy of Netflix/© 2024 Netflix Inc. / Fox News)

    Though she noted that starring in a reality show was uncharted territory for her, Middleton told Fox Business that being part of “Selling the City” was “amazing.”

    “It was such a great experience,” she said. “But it’s like the wild, wild West. There’s no manual for how to do it and how to balance it all — all the personalities and everything like that. Overall, 95% of it, I would do it again in a heartbeat. It was fantastic.” 

    “I feel like I learned so much about myself, and it was really fun, and it’s cool to be able to share your story, your professional life,” she continued. “It’s a highlight reel.”

    “It was very positive.”

    READ MORE FROM FOX BUSINESS

  • Trump’s hard-core first week | Fox Business

    Trump’s hard-core first week | Fox Business

    President Donald Trump, inaugurated Monday, didn’t miss a beat in getting right to work. In just five days, he has signed a slew of executive orders related to artificial intelligence; cryptocurrencies; and diversity, equity and inclusion, also known as DEI, and he’s promising a shakeup within the federal workforce. 

    In this edition of the FOX Business Rundown we highlight Trump’s biggest business moves. 

    STOCKS NOTCH WEEKLY GAINS: All three of the major U.S. averages clocked weekly gains, even with a drop on Friday..…more on the markets here.  

    The S&P 500 hit an all-time high earlier in the week before pulling back. Still, the benchmark remains above 6,000. 

    TRUMP’S BUSY FIRST FIVE DAYS 

    SUPERCHARING AI: President Trump rolled out a $500 billion investment called Stargate geared toward advancing AI with Oracle, Softbank and OpenAI…continue reading here. The venture is expected to be a game changer for cancer detection, Oracle’s Larry Ellison explained…continue reading here. However, the deal did not come without controversy within the tech community…continue reading here.

    VIDEO: OpenAI CFO Sarah Friar sets the record straight on Stargate.

    DAVOS BofA DISS! Trump, who spoke remotely before the World Economic Forum in Davos, Switzerland, called out Bank of America CEO Brian Moynihan over his bank’s alleged discrimination against conservativescontinue reading here.  His surprise slam reignited how some U.S. banks have allegedly “debanked” some groups over their political or religious affiliations, a practice the banks disputecontinue reading here.

    DEI DOA: Trump took a hammer to DEI with an executive order, empowering government agencies to do the same…continue reading here. On Friday, Target rolled back its DEI push, following other retailers, including Walmart and Lowe’s…continue reading here. 

    TAX CUTS COMING: Trump also reiterated his promise of tax cuts, including a corporate rate as low as 15%continue reading here. The president is also inheriting a fiscal tsumani…continue reading here.

    VIDEO: Former Trump economic advisor Larry Kudlow highlights the new administration.

    CRYPTO CAPITAL OF THE WORLD: Trump, keeping good on his promise, rolled out big changes for the crypto community, which investors say will help the industry thrive in the U.S.…continue reading here. Crypto czar David Sacks, in a FOX Business exclusive, said Trump will bring the industry back to America after former President Biden drove it away…continue reading here.

    VIDEO: Investor David Sacks talks about crypto’s possibilities under Trump. 

    Bitcoin bounced between losses and gains this week but remains above the $100,000 level and has advanced over 10% this year…LIVE cryptocurrency prices here. 

    ENERGIZED: Energy groups celebrated Trump’s campaign mantra, “Drill Baby Drill,” as he promises big changes ahead… continue reading here.

    VIDEO: Trump sent OPEC nations a serious warning. 

    NEW SHERIFF: Trump ends federal workers working from home and promises other big cuts…continue reading here.

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  • These are the best five states to start a business

    These are the best five states to start a business

    Starting a business from scratch is not for the faint of heart, but some states make it easier than others for founders to find success.

    A recent study by Swoop Funding ranked U.S. states based on 11 metrics including Venture Capital (VC) investments, sales tax rates, health insurance costs, and the availability of coworking spaces, and found these are the top states in the country for launching a business:

    1) Texas

    In an aerial view, the downtown skyline is seen on April 11, 2023 in Austin, Texas.  ((Photo by Brandon Bell/Getty Images) / Getty Images)

    “Texas is a magnet for entrepreneurs with its zero state income tax, low cost of living, and pro-business regulations,” Swoop Funding CEO Andrea Reynolds told FOX Business. “Austin’s ‘Silicon Hills’ attracts top tech talent, while Houston and Dallas lead in energy, logistics, and fintech. The state’s strong startup support network and universities create an ideal launchpad for growth.”

    US CEOS ARE GETTING ‘EXCITED’ FOR THE FUTURE OF SMALL BUSINESS UNDER TRUMP 2.0

    2) Ohio 

    Reynolds says Ohio is emerging as an affordable startup hub with strong investments in industries like healthcare, manufacturing, and food tech. 

    “Programs such as the Ohio Venture Fund and OhioXcelerate provide vital funding and mentorship, supported by top universities and accelerators, creating a diverse and collaborative environment for growth,” she noted.

    3) North Carolina

    Charlotte North Carolina

    Charlotte North Carolina downtown aerial view (iStock / iStock)

    North Carolina has built a strong startup ecosystem fueled by top research universities and a highly skilled workforce, the Swoop Funding CEO says.

    CHAMBER OF COMMERCE CEO TOUTS SMALL BUSINESS: ‘STATE OF AMERICAN BUSINESS IS LOCAL’

    “The state is leading in biotech, life sciences, and clean energy, with rising venture capital investment making it an attractive alternative to traditional startup hubs.”

    4) Mississippi

    Mississippi supports startups through initiatives like CoBuilders, backed by partners like Microsoft, offering mentorship and funding. 

    The state’s focus on the Blue Economy and its low operational costs make it an attractive destination for innovative ventures, Reynolds explained.

    5) Florida

    Port Miami

    View of cruise ship at harbor in Miami, Florida. (Visions of America/Joseph Sohm/UCG/Universal Images Group via Getty Images / Getty Images)

    With no state income tax and strong international ties, Florida offers founders great opportunities to scale.

    “Florida has rapidly evolved into a major startup destination, especially in fintech and blockchain,” Reynolds said. “Miami is now a global hub for digital finance, while Orlando and Tampa are thriving in gaming, tourism, and healthcare.” 

    Reynolds says that what Swoop’s study shows is that there is no single formula for startup success. Some states, like Texas and Florida, stand out for their tax advantages and pro-business environments, while others, like North Carolina and Ohio, offer cost-effective solutions and skilled workforces. 

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    “Entrepreneurs should look beyond just funding opportunities and consider how each state’s strengths align with their business needs,” she added. “Choosing the right location can make all the difference in scaling successfully.”

  • Barron Trump business partner clarifies future of luxury real estate venture

    Barron Trump business partner clarifies future of luxury real estate venture

    A luxury real estate venture that Barron Trump, the youngest son of President Donald Trump, was part of will not be relaunched, one of his partners in the project said. 

    The New York Post initially reported that the younger Trump planned to launch Trump, Fulcher & Roxburgh Capital Inc. with two business partners, Carter Fulcher, and Cameron Roxburgh, his former high school classmate.

    The company was incorporated in the state of Wyoming on July 15, 2024, according to business filings reviewed by FOX Business. The filings show the company was then dissolved shortly after the election on Nov. 14, 2024.

    “As of now, the company will not be relaunched,” Roxburgh told FOX Business. 

    SEE IT: BUSINESS LEADERS AT TRUMP’S INAUGURATION

    Barron Trump, son of President Donald Trump, appears during a campaign event at Trump National Doral Golf Club in Miami on July 9, 2024. (Eva Marie Uzcategui/Bloomberg via Getty Images / Getty Images)

    The company was reportedly planning to primarily focus on high-end real estate projects, including golf courses and properties in Utah, Arizona and Idaho.

    The venture was listed in Mar-a-Lago in Palm Beach, Florida, as its principal address, according to business records.

    Roxburgh previously told Newsweek that the venture was briefly paused to avoid election-related media attention. However, when FOX Business reached Roxburgh for comment, he said the company will not be relaunched. 

    PRESIDENT DONALD J. TRUMP, VICE PRESIDENT JD VANCE OFFICIALLY SWORN INTO OFFICE

    Trump building

    The Trump Building at 40 Wall Street in the Financial District of New York is seen on Feb. 22, 2024. (Getty Images / Fox News)

    Fulcher, a luxury real estate expert whose family runs a prominent real estate firm in Idaho, was the third partner in the venture. Fulcher is also the cousin of U.S. Rep. Russ Fulcher, an Idaho Republican who was not involved in the venture, a spokesperson for his office told FOX Business. 

    FOX Business has reached out to Carter Fulcher for comment. 

    President Trump followed in his father’s footsteps when he took over his residential real estate company in 1971, which came before he launched multiple Trump luxury high-rise buildings, hotels and casinos and solidified the Trump brand.

    Trump hotel outside view

    Construction work on the Trump International Hotel on Pennsylvania Avenue in Washington, D.C., continues as the hotel prepares to open to the public on Sept. 12, 2016. (Bill Clark/CQ Roll Call / Fox News)

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    Days before the younger Trump incorporated his venture, his half-brother, Eric Trump, also incorporated ET Talks LLC. 

  • As second Trump term starts, anger at government, business soars globally

    As second Trump term starts, anger at government, business soars globally

    Edelman has now been conducting its annual trust survey –  which is a nonprobability-based survey – for a quarter-century, and the global communications firm says this year’s findings are particularly alarming.

    The 2025 Edelman Trust Barometer released Sunday found there is an unprecedented lack of faith in institutional leaders, with an all-time high of 70% of respondents saying they believe government officials, business leaders, and journalists deliberately mislead them.

    A protestor uses a megaphone during a demonstration in front of Apollo theater as New York Mayor Eric Adams delivers his fourth and potentially final State of the City speech in Harlem on January 09, 2025 in New York City. (Kena Betancur/VIEWpress / Getty Images)

    The survey, which polled 33,000 people across 28 countries, also found the fear of falling victim to discrimination is at an all-time high. In the U.S. alone, 50% of the white population expressed feeling discrimination, while more than 60% feel aggrieved by inflation, job loss risk, and downward social mobility.

    The findings also indicated an unprecedented decline in employer trust worldwide.

    ‘BIDENOMICS’ UNDER FIRE: SMALL BUSINESS EARNINGS PLUNGE DESPITE GDP GROWTH

    “Of the highly-aggrieved their observed experience is: You’ve got high inflation, you’ve got job risk, globalization, and [people are asking], ‘Is business really looking out for us?” said Edelman CEO Richard Edelman.

    “I think it’s a moment in time for business to perform better,” he told FOX Business in an interview. “To reskill, to pay good wages, to have affordable products, and do what business does best, which is have an impact by making a profit.”

    Another trend shown in the findings is that there is a lack of hope for the next generation. Confidence in a better future is at just 36%, with lows in every Western democracy, including France (9%), the UK (17%), and the U.S. (30%).

    People also increasingly see violence as a solution to their grievances, with 4 in 10 respondents, and 53% of those aged 18–34, saying they approve of violence, property damage, or misinformation as tools for change.

    ENERGY AND FOOD PRICES DROVE INFLATION IN DECEMBER

    At the same time, 67% of respondents said they are convinced the wealthy take more than their fair share, three-quarters overall report having financial issues due to inflation, and respondents increasingly see capitalism as a failure due to their economic situations, with 55% of 18–34-year-olds saying capitalism does more harm than good.

    Protest sign reads, 'Magic doesn't pay the bills' at Disneyland cast member demonstration

    Disney employees rally outside the main entrance of Disneyland Resort in Anaheim, California, on July 17, 2024, ahead of a planned strike authorization vote. Distrust of institutions, including business, has soared worldwide, according to the latest (Photo by FREDERIC J. BROWN/AFP via Getty Images / Getty Images)

     “It’s amazing to me that half the people in our study now question whether capitalism works – that’s a bad thing, ” Edelman said, suggesting the reason could be because capitalism has been performing for some and less well for others, or possibly because of how it’s been positioned by certain politicians. 

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    “But we have to make sure that people believe the system works,” he said. “And it’s not just the political system, it’s the economic system, unfairness. And I think the last thing that’s happened that’s really important over the years is the battle for truth and the breakdown of the information system.”

  • 66+ Business Happy New Year Greetings 2025

    66+ Business Happy New Year Greetings 2025

    The New Year is the perfect opportunity for businesses to express gratitude, build stronger relationships, and set the tone for partnerships in the year ahead. Whether you’re reaching out to clients, employees, partners, or stakeholders, crafting the right Happy New Year message can leave a lasting impression.

    With 2025 just around the corner, we’ve compiled a comprehensive list of 66+ professional yet heartfelt New Year greetings for every type of business interaction. Use these messages as inspiration or send them as they are to make your New Year outreach meaningful and memorable.

    Why New Year Greetings Matter in Business

    Sending New Year greetings isn’t just a formality—it builds goodwill, strengthens connections, and shows that you value your stakeholders. Here’s why they’re crucial for businesses:

    • Expressing Gratitude: It’s a chance to say “thank you” to those who’ve contributed to your success.
    • Strengthening Relationships: Personal gestures, such as heartfelt greetings, deepen trust with clients, employees, and partners.
    • Maintaining Professionalism: A warm and professional message underscores your brand’s values and commitment to fostering meaningful relationships.
    • Building Optimism for the Year Ahead: Sending good wishes can create a sense of excitement and optimism for new opportunities in 2025.

    With these benefits in mind, greetings are categorised for different business purposes.

    General Business New Year Greetings

    Here are versatile New Year messages perfect for any professional scenario:

    1. Wishing you and your team a prosperous and successful 2025! May the New Year bring fresh opportunities and continued growth.
    2. Here’s to a fantastic 2025! May it be filled with exciting opportunities and shared successes.
    3. Happy New Year to one of our most valued connections. Here’s to continued success and collaboration in the year ahead.
    4. We couldn’t have achieved our milestones without your support in 2024. Wishing you a rewarding and joyous New Year!
    5. Cheers to another year of partnerships and progress. Here’s to achieving many great things together in 2025!

    New Year Greetings for Clients

    Show your clients how much you appreciate their business and loyalty with these messages:

    1. Happy New Year to our valued clients! We’re honoured to serve you and look forward to exceeding your expectations in 2025.
    2. Thank you for trusting us with your business in 2024. Wishing you a prosperous 2025 full of growth and success.
    3. Our success wouldn’t be possible without your support. Thank you for choosing us. Wishing you a Happy New Year filled with achievements and joy.
    4. Here’s to the New Year and continued success for your business. We’re thrilled to partner with you in 2025!
    5. Sending warm New Year wishes your way! We’re excited to bring you even better service and solutions in the year ahead.

    New Year Greetings for Employees

    Recognize your employees’ dedication with thoughtful messages:

    1. With gratitude for your hard work and dedication in 2024, we wish you a Happy New Year filled with endless possibilities.
    2. Our team is what makes our success possible. Here’s to a fantastic 2025 filled with growth and accomplishments together.
    3. Wishing you a Happy New Year! May 2025 bring both personal and professional happiness your way. Thank you for being an incredible part of our team.
    4. Your contributions in 2024 have been invaluable. Here’s to another successful year ahead. Happy New Year!
    5. New Year, new opportunities. We’re so lucky to have you with us on this exciting journey. Cheers to 2025!

    New Year Greetings for Business Partners

    Collaborative success deserves special recognition. Share these messages with your partners:

    1. Happy New Year to a valued partner! Your trust and collaboration mean the world to us. Looking forward to shared success in 2025.
    2. Partnerships like yours make our business strong. Thank you for being an essential part of our achievements. Cheers to 2025!
    3. With gratitude for your invaluable support, we wish you a Happy New Year. Here’s to conquering more milestones together in the coming year.
    4. May 2025 reinforce our strong foundation of mutual trust and success. Happy New Year!
    5. Wishing you a year full of prosperity and growth. We’re excited for the opportunities our partnership will bring in the coming year.

    Creative and Inspiring New Year Greetings

    Add a spark of creativity with these inspiring messages that go beyond the standard wish:

    1. New Year, new opportunities, new successes. We can’t wait to innovate and achieve even more alongside you in 2025!
    2. The best chapters are yet to come. Wishing you joy and success as we write a new story together in 2025. Happy New Year!
    3. May 2025 bring fresh inspiration, bold ideas, and groundbreaking achievements your way.
    4. Here’s to bringing big dreams to life in the New Year! Together, the sky’s the limit.
    5. Every great achievement starts with a decision to try. Wishing you a courageous and rewarding 2025!

    Fun and Lighthearted New Year Greetings

    Lighten the mood with these playful but professional messages:

    1. New Year, fresh coffee, and countless possibilities! Cheers to making 2025 another fantastic year.
    2. Happy New Year! May your inbox stay manageable and your goals achievable in the year ahead.
    3. 2025 is calling—bring your A-game and plenty of coffee! Wishing you success and laughter all year long.
    4. May your 2025 be as crisp as your best PowerPoint presentation. Happy New Year!
    5. Cheers to a New Year full of fewer emails and better results!