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People earning from £380 a month to £150,000 a year tell the BBC what they want to see in this year's Budget. [TheTopNews] Read More.1 hour ago - Healey vows cheaper marmalade and gherkins in pre-Budget package of ‘every...The chancellor will axe tariffs on some staples as part of plans to give households "breathing space". [TheTopNews] Read More.3 hours ago
- Bessent compares Obama library to ‘Darth Vader’s tomb’ after e...
A key Cabinet official in the Trump administration on Monday hit back at former President Barack Obama's criticisms of White House renovations by having lunch at the restaurant that was caught up in the ex-president's critique.Obama spoke at a rally in Ohio on Saturday while campaigning for Democratic candidates and slammed President Donald Trump's renovations at the White House. He said that Trump "seems very focused on home renovations" and "should be on HGTV.""He's got the White House looking like Saddam Hussein opened a Cheesecake Factory," Obama quipped after discussing Trump's affinity for gold décor in the various projects underway at the White House, including the new ballroom, changes to the Rose Garden and a new helipad.Treasury Secretary Scott Bessent responded by going to a Cheesecake Factory in Washington, D.C., for lunch and hit back at the former president's remarks with a criticism of the design of the Obama Presidential Center in Chicago.OBAMA COMPARES TRUMP'S WHITE HOUSE RENOVATIONS TO 'SADDAM HUSSEIN OPENING A CHEESECAKE FACTORY' AT OHIO RALLY"This is the man who built the museum and it looks like Darth Vader's tomb," Bessent said. "I had a great meal. I always have a great meal, and I would tell the Martha's Vineyard set to give it a try."Bessent was asked by FOX Business what he had for lunch at the Cheesecake Factory and said he ordered a French dip cheeseburger, which is his typical order at the restaurant chain.NBA CHAMP TAKES ISSUE WITH OBAMA'S PITCH TO MICHIGAN VOTERS AMID HOTLY CONTESTED SENATE RACEThe Treasury secretary's critique of the Obama Presidential Center's design comes as the building has been dubbed the "Obamalisk" by some over the 225-foot, granite-clad tower's appearance.The projected price tag of the Obama Presidential Center has surged from its original estimate of $350 million to more than $1 billion, according to previous reporting by Fox News Digital.OBAMA, JASON ALDEAN HIT CAMPAIGN TRAIL AS MIDTERM RACES HEAT UPAdditionally, taxpayers have faced hundreds of millions of dollars in associated public infrastructure costs that are separate from the Obama center's construction budget.Bessent has been a staunch defender of the Trump administration's agenda and has taken rhetorical shots at critics, recently responding to a letter from Sen. Elizabeth Warren, D-Mass., by telling her that "Rather than take my suggestion of studying introductory economics, you have continued your letter-writing crusade and participation in tabloid fodder about the Treasury Department."Fox News Digital's Jasmine Baehr… [TheTopNews] Read More.3 hours ago - JetBlue posts bigger loss on fuel costs, but CEO says margins improving
JetBlue Airways is in the middle of a plan that aims to cut costs and increase premium revenue. [TheTopNews] Read More.4 hours ago - Microsoft offers voluntary buyouts to 60,000 employees as tech giant reshapes it...Microsoft on Monday announced a new voluntary buyout program that will cover about 60,000 eligible employees who can choose to leave the company with financial support and other career planning resources.The buyout program covers more than a quarter of Microsoft's global workforce, as the company said it had about 223,000 full-time employees around the world as of June 30, 2026, in its annual filing. The voluntary exit program was first reported by Business Insider and follows Microsoft's rollout of a voluntary retirement program earlier this year.Amy Coleman, Microsoft EVP and chief people officer, said in a memo posted on the official Microsoft blog that the buyout program "reflects an important part of how we're evolving our approach to change: creating greater flexibility and, where possible, more ways for employees to shape their next chapter."The company's voluntary exit program is time-limited and available to eligible employees at level 70 and below. Microsoft's announcement indicated that eligible employees would be notified via email about the details of their voluntary exit offer within a few hours of the announcement.MICROSOFT PRESIDENT SAYS AI FACES FEWER SAFETY RULES THAN MILK IN CALL FOR GLOBAL REGULATIONSome organizations within Microsoft are participating in the program, which covers eligible employees in the U.S., the United Kingdom, Canada and India.Microsoft indicated that the participation of different organizations within the company is based on each business unit's priorities, customer commitments and workforce needs.Coleman added that the voluntary exit offer is new to Microsoft and that the company will learn from it and added, "At the same time, we'll keep helping people focus on the work that matters most, build new skills and, where it makes sense, find new opportunities across Microsoft."MICROSOFT CEO SAYS SUPERINTELLIGENCE MUST REMAIN 'UNDER HUMAN CONTROL'"There is no one-size-fits-all approach for every team or every employee," Coleman said. "These are a few of the ways we're trying to meet different business needs while continuing to create opportunities for our own people to grow and contribute.""My promise is to continue to provide clarity, listen and learn and keep improving," she added.Earlier this year, Microsoft offered voluntary buyouts to about 7% of its U.S. workforce, or about 9,000 employees.MICROSOFT SAYS ITS AI TOOL OUTPERFORMS GENERALIST DOCTORS IN COMPLEX DIAGNOSESIt also announced cuts affecting about 4,800 jobs in July, or about 2.1% of the global workforce, as it overhauled its Xbox gaming business and divested up to five studios to… [TheTopNews] Read More.5 hours ago
- Scott Bessent says Iran’s economy is ‘collapsing’ as Treasury ...Treasury Secretary Scott Bessent says the Trump administration is intensifying its financial pressure on Iran, targeting foreign banking channels and isolating the country’s economy as Washington weighs its next steps against Tehran."I think that the Iranians are panicked. I think the economy is collapsing," Bessent said.During an appearance on the "Brian Kilmeade Show," Trump's Treasury chief discussed the administration’s economic campaign against Iran and the steady pressure it's placing on the regime.Bessent described an eight-week Treasury effort called Operation Economic Outcast, which he said builds on a blockade and aims to cut off financial and commercial connections that have allowed Iran to operate despite U.S. sanctions. He estimated Iran’s gross domestic product could fall by 20% to 25%.LARRY KUDLOW: IN TWO WEEKS, IRAN MAY COME CRASHING DOWN"We added many new authorities, including shutting down their airline travel, which I think has had a real effect, especially on the elites and the regime," Bessent said.The Treasury secretary also pointed to action against banking operations tied to Egypt, Turkey and Russia. He said one Egyptian bank's Dubai branches had processed more than $1.8 billion in transactions potentially linked to Iranian financial networks.IRAN KNOWS US 'IS WINNING' AS OPERATION ECONOMIC OUTCAST INFLICTS DAMAGE, TREASURY OFFICIAL SAYS"We have taken out, and we’ve made an example of enough people and if we need to, we will continue doing that. But we’re getting good cooperation and the regime is desperate," Bessent said.Bessent said the economic strain is reaching ordinary Iranians as well as the security apparatus, saying some military personnel are going unpaid and some police officers are not reporting for duty.CLICK HERE TO GET FOX BUSINESS ON THE GOBessent concluded by saying Trump still has options as the administration considers its next steps against Iran. [TheTopNews] Read More.6 hours ago
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