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- Bessent urges G20 to ‘get back to the basics’ with deregulation and ...
Treasury Secretary Scott Bessent delivered a firm call to action to global financial leaders in his opening remarks at the G20 Finance Track meetings on Monday, urging the group to refocus on driving "stronger and more durable growth" by dismantling government-imposed economic barriers.Speaking at the gathering of finance ministers and central bank governors, Bessent framed the U.S. presidency of the G20 around a "back-to-basics" approach to economic policy, arguing that global growth has underperformed for far too long."Many forces can inhibit economic growth," Bessent said in his opening remarks. "But policy failures of our own making must no longer be one of them."WHAT WARSH'S JACKSON HOLE SPEECH SIGNALS ABOUT WHERE INTEREST RATES ARE HEADEDBessent outlined a comprehensive list of drag factors identified by the G20 finance track that hamper global expansion. Among the key bottlenecks named were excessive regulatory burdens, poorly designed tax systems, internal market fragmentation, lagging public and private investment, and persistent gaps in workforce mobility."I think we're already seeing a lot of these leading indicators that we've been talking about, for instance, robust factory construction growth. In order to have factory jobs, you need factories to be constructed first," White House senior deputy press secretary Kush Desai told FOX Business, regarding the U.S. economy. "And so far, this president has added tens of thousands of factory construction jobs."BESSENT SAYS TREASURY AUCTIONS WILL CONTINUE AS USUAL DESPITE EXPANDED BUYBACK PROGRAMTo counter these challenges, Bessent presented the Trump administration’s domestic policy model as a blueprint for foreign counterparts. Highlighting what he termed a "great regulatory reset," Bessent pointed to aggressive deregulatory measures aimed at stimulating investment and boosting wages. He noted that federal agencies drastically surpassed the administration's initial goal of eliminating 10 existing regulations for every new one issued, achieving a 129-to-1 reduction ratio over the past year.International Monetary Fund Managing Director Kristalina Georgieva used the U.S. model as an example of the right policy to attract business. She told FOX Business at the Federal Reserve's Jackson Hole Symposium that "You realize that here, 2.5% a year. You go to Europe, it is zero. You go to Japan, half a percentage point. Because of this entrepreneurial environment and the commitment to eliminate red tape, so businesses can flourish."Bessent pitched the U.S. as the premier global destination for capital, citing historic tax relief for working families and energy independence as primary drivers for the next era of economic expansion.TREASURY… [TheTopNews] Read More.1 hour ago - Josh Allen’s ‘Billustration’ initiative with New Era, raising ...Last NFL season, you may have noticed Buffalo Bills quarterback Josh Allen wearing some unique hats while walking in and out of Highmark Stadium each week for his games. No, it wasn’t the usual Bills logo, or even the team’s blue and red colors, on the front. Instead, it is an array of designs, colors and themes all with a special purpose. New Era Cap and Allen began the "Billustration" initiative, where children receiving care at Golisano Children’s Hospital in Buffalo designed eight caps for the Bills’ star quarterback to wear for each home game.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMIt’s back for the 2026 season with eight more special designs by eight new children showcasing their artistic abilities under the bright NFL lights for an amazing cause. Last season, the "Billustration" initiative raised $140,230 for the Patricia Allen Fund at GCH Buffalo. So, it’s only right that a second iteration of it comes back in 2026, but with an awesome twist: fans will have the ability to purchase all eight of the designs to collect to match Allen, who will be wearing them all in his tunnel walk before home games at the new Highmark Stadium. BILLS' JOSH ALLEN NAMED ‘DIRECTOR OF BILLUSTRATION’ IN EXPANDED NEW ERA PARTNERSHIP TO IMPROVE COMMUNITY"I am incredibly proud of everything last season’s "Billustration" campaign with New Era achieved and I was eager to bring it back for the 2026 season in response to the demand from fans to get their hands on these special caps," Allen said in a statement obtained by FOX Business. "Knowing fans can now collect every design and wear them alongside me all season makes it even more special as we continue to support the Patricia Allen Fund and the amazing care provided at Golisano Children’s Hospital of Buffalo."Each cap transforms the personal passions, favorite memories and creative ideas of each child into a wearable work of art that won’t just be for Allen to wear anymore – it’s for all Bills fans. And every single purchase will benefit the Patricia Allen Fund at GCH Buffalo. "One of the most special parts of Billustration is seeing the kids’ creativity come to life and learning where their inspiration comes from. Their imagination and perspective are incredibly powerful," Danielle Koch, executive director at the New Era Cap Foundation, said in a statement. "It’s incredibly rewarding to be part of this initiative with Josh and to see… [TheTopNews] Read More.1 hour ago
- Tim Cook’s last day as Apple CEO: How he led the tech giant’s rise t...Apple CEO Tim Cook is stepping down from his role at the helm of one of the world's largest tech companies after a 15-year tenure that saw Apple become the first publicly traded U.S. company with a $1 trillion market cap and other notable milestones.He announced in April that he would step down as Apple CEO at the end of August, and while he is leaving that role, he will remain with the company as the executive chairman. John Ternus, who most recently served as Apple's senior vice president of hardware engineering, will be Cook's successor.Cook became CEO in August 2011 when Apple co-founder Steve Jobs resigned six weeks before his death. Jobs first met Cook in 1998 and convinced him to join Apple that year, starting his career at the tech giant as a senior vice president for worldwide operations."As you know, I am not leaving Apple. But I am stepping away from a role that I have loved deeply," Cook said in a memo emailed to all employees on his final day. "I will miss this work in ways I can only begin to imagine, even as I remain completely at peace with my decision."APPLE POSTS RECORD JUNE QUARTER AS IPHONE SALES SURGE; COOK WEIGHS IN ON AI, CHINA"Together, we have created something far greater than any one of us could have imagined or accomplished alone. And that's the secret to our success. We bring out the best in each other. We lift each other up," Cook said."We have made it possible to leave our 'dent in the universe,' as Steve once described it, because of who we are and what we believe, because of what we value and how we see the world," he added.Cook's tenure at Apple saw the tech giant move to compete in new product and service categories, building a broader consumer tech ecosystem off of the MacBook, iPhone and iPad.APPLE CEO TIM COOK TO STEP DOWN IN MAJOR LEADERSHIP SHAKEUP, SUCCESSOR NAMEDIn 2014, Cook and the company announced the Apple Watch as the company entered the wearable health tech market, while it also launched Apply Pay that year to build on its base of consumer device users to compete in mobile payments.The next year, Apple Music marked the company's pivot from iTunes to a subscription-based model for consumers who stream their music, while 2016 saw the debut of Apple's AirPods which supercharged the… [TheTopNews] Read More.4 hours ago
- Audit Revenue Has Plummeted Under Trump, Watchdog Finds
The I.R.S. lost roughly a quarter of its employees since President Trump took office, hampering the agency’s ability to conduct audits. [TheTopNews] Read More.4 hours ago - Kushner states regret over World Cup sell-off plan
Venture capitalist Joshua Kushner says he would not have got involved in Fifa president Gianni Infantino's scrapped plan to sell off stakes in the World Cup if he had known how the football world reacted. [TheTopNews] Read More.4 hours ago - Pataki sounds alarm over New York exodus: ‘It’s just going to get wo...New York isn't just losing residents — it's losing some of the people who help power its economy.As New York continues to see residents move to other states, former New York Gov. George Pataki is warning that entrepreneurs, financial leaders and major donors are increasingly heading for the exits.Pataki joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss the state’s outmigration, its business climate and the policies he believes are pushing residents and job creators elsewhere."You know, it's just almost tragic to see the loss of people, not just people, but people who create jobs, who donate to hospitals and museums, the best of New York, the people who have made New York the entrepreneurial and financial center are just leaving," Pataki said.The former governor argued that New York risks weakening its position as the nation’s financial center as companies expand their workforces elsewhere, pointing to the growing pull of lower-tax states such as Texas."We fought hard to keep it the financial capital of the world. It still is for the moment. But if we continue these tax-and-spend and soft-on-crime policies, it's just going to get worse," he said.NYC-AREA CHAMBER OF COMMERCE CEO BLASTS MAMDANI GROCERY PLAN AS 'DISASTROUS' AMID LEGAL FIGHTPataki also warned that additional tax increases and rising debt could deepen the state’s challenges and drive more residents away. Still, he said New York has the ability to reverse course."We're going to end up not just with the highest taxes in the country, but with unsustainable debt, with more people leaving," Pataki said. "We're not doing great right now, but New York is New York. It's very resilient. It still has great people. We put in place the right policies and it will come roaring back. So in that sense, I'm an optimist."FLORIDA CHAMBER CEO: COMPANIES EYE SUNSHINE STATE 'FROM ALL OVER THE COUNTRY' AFTER VIRAL MAMDANI BILLBOARDGET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.5 hours ago
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