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Trump, Softbank CEO announce $100B investment to create 100,000 American jobs
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Fox Business, National

Trump, Softbank CEO announce $100B investment to create 100,000 American jobs

By  Greg Norman  | Fox Business President-elect Donald Trump and Softbank CEO Masayoshi Son announced Monday a $100 billion investment in America aimed at generating 100,000 new jobs. Trump, speaking at Mar-a-Lago after meeting Son there, called the investment "a monumental demonstration of confidence in America's future." "Masa runs one of the largest companies in Japan and among the most successful investment and technology companies anywhere in the world, one of the most successful investors in the world. And we've just concluded a very productive meeting," Trump said. "And today, I'm thrilled to announce that SoftBank will be investing $100 billion in America, creating 100,000 American jobs at a minimum. And he's doing this because he feels very optimistic about our country si...
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Potential artificial red dye ban: Products that could be affected
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Potential artificial red dye ban: Products that could be affected

By Daniella Genovese  | Fox Business A wide range of foods will be affected if the Food and Drug Administration (FDA) moves forward with plans to ban artificial red dye. According to the Eat Well Guide (EWG) Food Scores database, nearly 3,000 food products on the U.S. market contain red dye 3, including candy, certain brands of mashed potatoes, yellow rice and some medications. The list also includes a range of other foods, including breakfast cereals, beverages and baked goods.  The synthetic dye, also known as erythrosine, is an additive made from petroleum that gives foods and drinks a bright cherry-red color, according to the FDA. It is already banned in the European Union, and starting in January 2027, it will also be prohibited in foods sold or manufactured in California.  ...
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Boeing to layoff hundreds in Washington state as company-wide cuts continue
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Boeing to layoff hundreds in Washington state as company-wide cuts continue

By Elizabeth Pritchett  | Fox Business Boeing is laying off 396 employees at locations in Washington state, Reuters reported on Monday. The move is part of a 10% global workforce cut that the company announced in October, which is expected to impact approximately 17,000 jobs within Boeing. A total of 2,199 Boeing workers in the state of Washington – where its workforce totals more than 60,000 – will be laid off over the next few months, Fox Business reported in November. READ THE FULL STORY AT FOX BUSINESS
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Mark Zuckerberg visits Trump at Mar-a-Lago, reportedly ‘wants to support the national renewal’
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Mark Zuckerberg visits Trump at Mar-a-Lago, reportedly ‘wants to support the national renewal’

By Andrea Margolis | Fox Business Meta CEO Mark Zuckerberg visited Mar-a-Lago on Wednesday, just months after the tech entrepreneur publicly praised President-elect Trump following the July 13 assassination attempt. Zuckerberg's visit to Trump's Palm Beach, Florida, club was confirmed by Trump adviser Stephen Miller during an episode of "The Ingraham Angle" on Fox News Channel. "Mark Zuckerberg has been very clear about his desire to be a supporter of and a participant in this change that we're seeing all around America, all around the world with this reform movement that Donald Trump is leading," Miller said to guest host Brian Kilmeade.  READ THE FULL STORY AT FOX BUSINESS
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Walmart rolls back DEI policies, becoming latest U.S. firm to join growing trend
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Walmart rolls back DEI policies, becoming latest U.S. firm to join growing trend

By Breck Dumas , Daniella Genovese | Fox Business Walmart is making a slate of changes to its diversity, equity and inclusion (DEI) policies, becoming the latest in a growing list of major corporations to halt the so-called "woke" initiatives. Anti-woke activist and filmmaker Robby Starbuck, who has been leading a campaign exposing major corporations' woke policies, said on X on Monday that he warned Walmart executives last week that he would be doing a story on "wokeness" at the retail giant. "Instead," Starbuck shared, "we had productive conversations to find solutions." READ THE FULL STORY AT FOX BUSINESS
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Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office
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Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office

By Eric Revell , Sarah Rumpf-Whitten , Louis Casiano  | Fox Business President-elect Trump nominated Scott Bessent to serve as Treasury Department secretary once he returns to the White House in January. In a statement on Friday, Trump highlighted Bessent's expertise. "I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," he said. "Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists. Scott’s story is that of the American Dream." READ THE FULL STORY AT FOX BUSINESS
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U.S. national debt hits a record $36 trillion under Biden, and still growing
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U.S. national debt hits a record $36 trillion under Biden, and still growing

By Eric Revell  | Fox Business The U.S. national debt surpassed $36 trillion for the first time in the nation's history on Friday as the federal government continues to accumulate debt at a record-setting pace. New data from the Treasury Department released Friday afternoon showed that the gross national debt hit $36,034,994,586,981.97. The $36 trillion debt milestone comes just months after the U.S. eclipsed the $35 trillion mark in late July 2024. The national debt has passed other trillion-dollar milestones in the past year, as the $34 trillion mark was reached in early January 2024 and the $33 trillion threshold in September 2023. By comparison, the national debt hovered around $907 billion just four decades ago. READ THE FULL STORY AT FOX BUSINESS
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Trump’s energy ‘dream team’: Chris Wright and Doug Burgum’s potential to-do list
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Trump’s energy ‘dream team’: Chris Wright and Doug Burgum’s potential to-do list

By Breck Dumas  | Fox Business President-elect Trump has tapped two energy czars to oversee the expansion of American energy in his second term, and the industry has already handed the incoming administration and Congress a wish list of what they would like to see as the top priorities of leadership's agenda. On Friday, the incoming commander-in-chief announced in a press release that North Dakota Gov. Doug Burgum will not only be his nominee for Secretary of the Department of Interior, but will head up a new National Energy Council, which "which will consist of all Departments and Agencies involved in the permitting, production, generation, distribution, regulation, transportation, of ALL forms of American Energy." READ THE FULL STORY AT FOX BUSINESS
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Trump nominates Howard Lutnick as commerce secretary
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Trump nominates Howard Lutnick as commerce secretary

By Eric Revell , Paul Steinhauser  | Fox Business President-elect Donald Trump on Tuesday nominated Cantor Fitzgerald CEO Howard Lutnick to serve as commerce secretary. Lutnick, 63, has served as the co-chair of Trump's transition team and was a key fundraiser for Trump's 2020 and 2024 campaigns. Billionaire and Trump backer Elon Musk endorsed Lutnick for Treasury secretary.  A source familiar with the selection process said that it's a free for all for Treasury secretary and that there's a mad dash to find someone pro-tariff to lead the Treasury with Lutnick being tapped to lead the Commerce Department. They added that Lutnick was offered an ambassadorship but declined that offer. READ THE FULL STORY AT FOX BUSINESS
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Jaguar dubbed ‘Bud Light 2.0’ after releasing modernist rebranding ad with androgynous models, no cars
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Jaguar dubbed ‘Bud Light 2.0’ after releasing modernist rebranding ad with androgynous models, no cars

By Lindsay Kornick  | Fox Business Jaguar could be facing its own Bud Light moment after online backlash to a new ad on Tuesday. The car brand released a new promotional video debuting its reimagined logo on its X account under the slogan "Copy Nothing." The ad featured androgynous models in brightly colored, over-the-top outfits, including one man wearing a dress, along with other slo READ THE FULL STORY AT FOX BUSINESS
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