Business

FOX Business’ Lauren Simonetti reports on Iranian attacks on cargo ships in the Strait of Hormuz, the impact on oil and and the economy on ‘Varney & Co.’ Lufthansa is cutting roughly 20,000 short-haul flights this summer, citing a spike in jet fuel prices that has rendered many routes “unprofitable” …

Leading department store Selfridges has confirmed a major change across all its UK sites. The department store has boosted its hourly pay rate for shop floor workers to align with the London Living Wage. Selfridges, which has four sites across the UK, has raised staff pay to £14.80 in London …

Treasury Secretary Scott Bessent and Sen. Chris Coons, D-Del., trade jabs during a Senate Appropriations Committee hearing over whether Treasury sanction relief is benefiting Russia and Iran. (Credit: Senate Appropriations Subcommittee) Treasury Secretary Scott Bessent pushed back Wednesday after Sen. Chris Coons, D-Del., suggested temporary sanctions relief for Iran has …

The Department for Work and Pensions has confirmed dates that millions of Brits should expect their benefit and pension payments around the upcoming bank holidays. The UK has two bank holidays next month, the early May Bank Holiday, which falls on Monday, May 4 and the spring Bank Holiday on …

Morningstar CEO Kunal Kapoor shares ETFs worthy of long-term investment on ‘The Claman Countdown.’ Most people who delay investing aren’t doing so because they think putting their money into the markets is a bad idea. They’re stuck in front of a confusing smorgasbord of options, afraid to pile the wrong …

The Chancellor has left the nation completely unprepared for the unfolding disaster. She claims to have restored stability, but instead she’s destroyed growth, by hiking taxes by another £70billion or so, while splurging on the state. The Tories had already pushed the tax take to its highest since the war. …

Fox News contributor Francis Suarez discusses OpenAI’s policy blueprint on the potential impacts of widespread artificial intelligence integration on ‘The Bottom Line.’ Florida Attorney General James Uthmeier has launched a criminal investigation into OpenAI over whether its ChatGPT artificial intelligence chatbot could bear legal responsibility in last year’s deadly mass …

Around 4.8 million Brits are expected to be paying higher tax rates over the next five years. An expert is urging high earners – those earning more than £50,270 per year – to make a key check to reduce the impact of tax hikes. Although a pay rise is usually …

FOX Business’ Jeff Flock joins ‘Varney & Co.’ to break down the Justice Department’s criminal probe into soaring beef prices as Americans face sticker shock at the grocery store and experts point to a “perfect storm” driving costs higher. Rising beef prices are drawing renewed scrutiny as federal investigators examine …

Millions of Nationwide members are set to miss out on a potential £100 windfall this year following a takeover of the Virgin Money by the building society. Britain’s biggest mutual has confirmed that millions of Virgin Money customers will be eligible for its popular “Fairer Share” scheme from 2027, however …