Business

A Fox Corp. investment in TikTok would give the Murdoch media empire a platform with 170 million US users to promote a broad range of TV programming — from the NFL to The Simpsons  — and a chance to redeem the family’s catastrophic purchase of MySpace 20 years ago. Fox is considering making an investment in TikTok as part of a group that includes Oracle Corp.,…

Disney said Monday that Jimmy Kimmel’s late-night show will return to ABC on Tuesday, after suspending it last week amid a revolt from network affiliates over the comedian’s comments about Charlie Kirk’s assassination. The reversal from the media and entertainment giant comes after Kimmel supporters pushed for a boycott of Disney’s content, products, and theme parks. “Last Wednesday, we made…

The Senate has approved one of President Donald Trump’s top economic advisers for a seat on the Federal Reserve’s governing board, giving the White House greater influence over the central bank just two days before it is expected to vote in favor of reducing its key interest rate. The vote to confirm Stephen Miran was largely along party lines, 48-47. He was…

An appeals court ruled Monday that Lisa Cook can remain a Federal Reserve governor, rebuffing President Donald Trump’s efforts to remove her just ahead of a key vote on interest rates. The Trump administration is expected to quickly turn to the Supreme Court in a last-ditch bid to unseat Cook. The Fed’s next two-day meeting to consider its next interest rate move…

Jeffrey Katzenberg—film producer, former DreamWorks CEO, and founding partner of tech investment firm WndrCo—is, perhaps most importantly, a dad and a grandfather.  That role prompted him to back Aura, a startup developing AI-driven tools that go far beyond standard parental controls, in 2021. Aura’s platform tracks behavioral patterns such as sleep and focus, flags mental health risks including self-harm or…

Lyft CEO David Risher said on Monday that Lyft will save approximately $200 million in insurance costs due to the deal the company made with California lawmakers last month, which is paving the way for ride-hail drivers in the state to unionize. “What we got in return was enormous,” Risher said on stage on Monday at Fortune’s Brainstorm Tech conference…

WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country on earth. He’s targeted specific imports including autos, steel and aluminum. But he isn’t done yet. Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he’s largely spared in his trade war. For decades, in fact, imported medicine has mostly been allowed…

Miki Habryn can finally sleep at night. For many months, in the run-up to and after President Trump had won the election, that wasn’t the case. Up until June this year Habryn was living what many would call the American dream. She had a job at ChatGPT-maker OpenAI, surrounded by some of the brightest minds in artificial intelligence. Her pay…

The House Oversight Committee subpoenaed the estate of the late Jeffrey Epstein on Monday as congressional lawmakers try to determine who was connected to the disgraced financier and whether prosecutors mishandled his case. The committee’s subpoena is the latest effort by both Republicans and Democrats to respond to public clamor for more disclosure in the investigation into Epstein, who was found dead in his…

President Donald Trump escalated his ongoing fight against the Federal Reserve with an unprecedented move to fire Fed Governor Lisa Cook, putting the central bank’s independence at risk and setting up a struggle that will play out in courts and financial markets. Futures for the S&P 500 dipped 0.13%, and the 10-year Treasury yield rose 1.4% as bonds sold off.…