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Costco is planning to open a new Los Angeles warehouse beneath an affordable-housing complex, marking a creative expansion strategy for the retail giant.The project, located in the Baldwin Village area of South Los Angeles, is expected to open in 2027, Costco CEO Ron Vachris said during the company's first-quarter fiscal year 2026 earnings call last month."We've got a project in Los Angeles where we're working with some developers [where] there's […]

The U.S. could soon lift additional sanctions on Venezuela to help support oil sales, according to Treasury Secretary Scott Bessent.In an interview with Reuters, Bessent said more U.S. sanctions could be lifted "as soon as next week," adding that he plans to meet with the heads of the International Monetary Fund (IMF) and the World Bank to discuss renewed engagement with the South American nation."We're de-sanctioning the oil that's going […]

Meta's latest nuclear power deals will help the U.S. "win" the artificial intelligence (AI) race against China as surging energy demand strains the nation’s power grid, the company’s Chief Global Affairs Officer Joel Kaplan told FOX Business.The tech giant announced Friday it has signed 20-year agreements to buy power from three Vistra-owned nuclear plants in Ohio and Pennsylvania, while also helping develop new nuclear projects with Oklo and TerraPower. The deals […]