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- No Doors, No Roof, No Worries: A Tiny Racecar Sets Its Sights on the U.S.
The British company Caterham is making a push into the American market with the lone car in its catalog, the Seven, based on the original Lotus Seven. [TheTopNews] Read More.39 mins ago - Businesses shift to lower-regulation states as costs mount
A widening gap between heavily regulated states and those with lighter rules is increasingly shaping where businesses choose to operate, as compliance costs and administrative hurdles weigh on growth.JAMIE DIMON SAYS NEW YORK, OTHER CITIES FACE WORKER 'EXODUS' AS LAWMAKERS PUSH HIGHER TAXESFOX Business’ Madison Alworth joined FOX Business’ Stuart Varney on "Varney & Co." to report on how regulatory burdens are influencing economic decisions across the country.Recent data from the Cato Institute highlights how states like New Jersey, California and New York rank among the most restrictive, while states in the Midwest and Plains regions offer more business-friendly environments. That divide is becoming more pronounced as companies gain flexibility to relocate operations.For some business owners, the pressure is immediate. Outer Realm CEO Dhara Patel, who previously ran a virtual real estate touring company in New York City, described the toll of constant compliance demands.WHITE HOUSE LAYS OUT FIXES FOR HOUSING AFFORDABILITY PROBLEM"I swear, sometimes I don't sleep because I'm like… Did I do this? Did I submit this paperwork?… It's exhausting when they're adding new compliance, that new annual report that they're requiring," Patel said.She ultimately moved her business to Florida, citing both regulatory complexity and tax savings as key factors."New York made it so complicated, the amount of reports that you have to file, the new paperwork and everything like that," she said.Economists say the broader impact extends beyond individual firms. Regulation can function as an added cost to businesses, limiting time and resources that would otherwise go toward expansion.BILLIONAIRES AND BUSINESSES FUEL GROWING EXODUS FROM BLUE STATES"Regulation is like a tax. It's a cost that businesses have to pay in order to do business in a state… More regulation means slower growth," expert John Lonski said.He added that higher regulatory burdens tend to coincide with slower economic growth, as businesses and workers gravitate toward less restrictive environments.The contrast underscores how regulatory environments are increasingly shaping where businesses choose to operate and grow.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.40 mins ago - Rolls-Royce unveils ultra-rare Project Nightingale, first model in new Coachbuil...Rolls-Royce Motor Cars CEO Chris Brownridge unveiled Project Nightingale — the first model in the company’s newly launched Coachbuild Collection — during a FOX Business exclusive interview Tuesday, describing it as a "very special" addition to the ultra-luxury brand’s lineup."Today, we're announcing Project Nightingale," Brownridge told "The Big Money Show" co-host Taylor Riggs. "Project Nightingale is a very special motorcar for Rolls-Royce. It is the first of our Coachbuild Collection," he added.Rolls-Royce first announced the Coachbuild Collection in March, describing it as "an entirely new proposition in super-luxury" featuring highly limited, invitation-only vehicles.LYFT TO LAUNCH NATIONWIDE FUEL SAVINGS PROGRAM AS DRIVERS FEEL PINCH FROM RISING GAS PRICES"Each Coachbuild Collection is rare and extravagant, authored entirely by Rolls-Royce and created on a completely new canvas, never to be repeated," the release stated.Participation in the program will be limited to clients with a "special affinity" for the marque.Brownridge noted the Nightingale will be built on the company’s "architecture of luxury" and produced in highly limited numbers, with about 100 units planned.AUTO INDUSTRY TRADE GROUP URFES FEDS TO SCRAP GAS TAX AND REPLACE IT WITH A VEHICLE WEIGHT FEEBecause of its rarity, he said, the coachbuilt approach allows for greater design freedom and more elaborate craftsmanship."Because it's so rare and so unusual, it allows us to have a greater freedom in terms of the design, so we can produce something which is truly spectacular, extremely extravagant, and something that, if you were to drive it down the street, everyone would stop and look," he said.Brownridge's interview with Riggs also touched on artificial intelligence, electric vehicles, tariffs and luxury demand in the U.S.GET FOX BUSINESS ON THE GO BY CLICKING HEREHe said more than 30 clients in the region have already committed to Project Nightingale, calling it a strong signal of demand."There are more than 30 clients that are committed to that car in this region. So that's a great sign for me in terms of the demand which we see in… this part of the world." [TheTopNews] Read More.1 hour ago
- Massachusetts town weighs 50% property tax hike as residents push backA Massachusetts town is asking homeowners to absorb what many are calling a staggering increase, a proposed 50% increase in property taxes that could add thousands of dollars to annual bills and intensify pressure on already strained household budgets.JAMIE DIMON SAYS NEW YORK, OTHER CITIES FACE WORKER 'EXODUS' AS LAWMAKERS PUSH HIGHER TAXESFOX Business’ Gerri Willis joined FOX Business’ Stuart Varney on "Varney & Co." to report on a contentious vote in South Hadley, where the proposal is exposing a widening gap between rising municipal costs and what residents say they can realistically afford.The scale of the increase stands out even as property taxes climb nationwide. Homeowners collectively paid nearly $400 billion in property taxes in 2025, with the average bill rising to more than $4,400, according to ATTOM data. At the same time, home values dipped slightly last year, creating a disconnect that is leaving many taxpayers paying more on assets that are not gaining value.RED & BLUE DIVIDE: STATES PUSH COMPETING TAX PLANS AS VOTERS WEIGH CHANGES IN ELECTION CYCLEIn South Hadley, officials argue the hike is necessary to keep pace with sharply rising expenses, including employee healthcare costs that have surged more than 40%. Without additional revenue, local services, from school programs to public safety, could face cuts.Those pressures are not unique. As pandemic-era federal aid fades, municipalities across the country are increasingly leaning on property taxes to close budget gaps, particularly in the Northeast and Midwest, where rates are already among the highest.That reliance is raising broader concerns about sustainability.PROPERTY TAX BURDEN ON AMERICANS CLIMBS AS HOME VALUES DIP, NEW DATA SHOWSGovernment Finance Officers Association CEO Chris Morrill said relying heavily on property taxes to fund local governments is "not sustainable" long-term and could lead to more referendums like the one currently underway in South Hadley.The debate unfolding in one small town is quickly becoming part of a much larger national conversation over how far property taxes can be pushed before homeowners push back.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.1 hour ago
- Trump admin puts banks on notice for allowing Iranian money to flow for illicit ...The Trump administration is sending letters to banks in four areas about handling Iranian money.The letter obtained by FOX Business says the Treasury Department has evidence that banks in Oman, the UAE, Hong Kong and China have allowed Iranian funds used for illicit activities to be funneled through them.A senior administration official not authorized to speak publicly says this is the first step to adding secondary sanctions on those banks, which would cut them off from the U.S. financial system.CHINA EMERGES AS UNEXPECTED PLAYER IN TRUMP’S IRAN DIPLOMACY PUSH"Now is the time to finally disable Iran’s ability to support terrorism, threaten the region and global markets, and seek to continue its nuclear and ballistic missile program, which the U.N. has prohibited," the letter said.CHINA-RUSSIA'S COOPERATION HANDS THE US A ‘GRIEVOUS LOSS’ AS IRAN CONFLICT ESCALATES, EXPERT WARNSTreasury Secretary Scott Bessent on Tuesday warned companies and countries against paying Iran to transit the Strait of Hormuz because that opens them up to secondary sanctions. Bessent is leading the sanction charge in Operation Epic Fury.CONGRESSIONAL REPORT DETAILS HOW CHINA BUYS SANCTIONED OIL FROM IRAN, RUSSIA AND VENEZUELAThis letter is different, but shows the administration's willingness to up the ante and truly go after the Iranian money.The U.S. waiver to sell Iranian oil at sea will expire on April 19.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.1 hour ago
- Trump admin’s Operation Epic Fury takes aim at banks handling Iranian mone...The Trump administration is sending letters to banks in four areas about handling Iranian money.The letter obtained by FOX Business says the Treasury Department has evidence that banks in Oman, the UAE, Hong Kong and China have allowed Iranian funds used for illicit activities to be funneled through them.A senior administration official not authorized to speak publicly says this is the first step to adding secondary sanctions on those banks, which would cut them off from the U.S. financial system.CHINA EMERGES AS UNEXPECTED PLAYER IN TRUMP’S IRAN DIPLOMACY PUSH"Now is the time to finally disable Iran’s ability to support terrorism, threaten the region and global markets, and seek to continue its nuclear and ballistic missile program, which the U.N. has prohibited," the letter said.CHINA-RUSSIA'S COOPERATION HANDS THE US A ‘GRIEVOUS LOSS’ AS IRAN CONFLICT ESCALATES, EXPERT WARNSTreasury Secretary Scott Bessent on Tuesday warned companies and countries against paying Iran to transit the Strait of Hormuz because that opens them up to secondary sanctions. Bessent is leading the sanction charge in Operation Epic Fury.CONGRESSIONAL REPORT DETAILS HOW CHINA BUYS SANCTIONED OIL FROM IRAN, RUSSIA AND VENEZUELAThis letter is different, but shows the administration's willingness to up the ante and truly go after the Iranian money.The U.S. waiver to sell Iranian oil at sea will expire on April 19.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.1 hour ago
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