Business

This Fourth of July marks the 250th anniversary of the founding of the U.S., and while Americans around the country are celebrating the occasion, it also serves as an opportunity to reflect on what helped make the U.S. the world's largest economy and the reasons it's still a great place to invest.Joseph P. Quinlan, head of CIO market strategy for Merrill and Bank of America Private Bank, authored a piece […]

Bassett’s Ice Cream has survived economic downturns, changing consumer tastes and generations of competition while remaining under family ownership since its founding in 1861. Now led by its sixth generation, the Philadelphia institution is marking another milestone as America prepares to celebrate its 250th anniversary.FOX Business correspondent Jeff Flock joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to spotlight the company’s history and how it has remained family-owned for […]

An 8-year-old Arizona boy celebrating his birthday at Disneyland got the surprise of a lifetime Friday when he was named the California theme park's honorary 1 billionth guest.Andres Robles and his family, who traveled from Arizona, were greeted by Mickey Mouse and Minnie Mouse during a ceremony on the Main Street USA train station platform, where they helped unveil an updated sign that says "Population 1,000,000,000."The family received a VIP […]

The federal government is urging state attorneys general to probe and prosecute any illegal activities contributing to high fuel costs for Americans."Although crude oil prices are now dropping rapidly, far too much of that price cut is being withheld from Americans when they pay for gasoline," the letter, signed by Associate Attorney General Stanley Wodward, Jr. and Federal Trade Commission Chair Andrew Ferguson, claims.The document includes a screenshot of a […]

As Americans gear up to celebrate America's 250th birthday, many major retailers and restaurants will stay open, close or operate with reduced hours on July 4.Big-box and grocery stores, including Sam's Club and Kroger, and several restaurants, including Olive Garden and Taco Bell, will stay open on the holiday. Other chains, including McDonald's and Whole Foods, will remain open with adjusted operating hours.Take a look at which major U.S. retailers […]

John Vithoulkas, the county manager in Virginia's Henrico County, is asking county employees to cut back on power usage as electricity rates soar 25% across Virginia, the state with by far the most data centers. In a June 26 email sent out to all county employees and obtained by the Henrico Citizen, Vithoulkas asked employees to adjust individual habits as electricity rates increased by 25% and noted that prices were likely […]

Dave Portnoy says his latest Bitcoin investment has become an expensive lesson in timing, with the Barstool Sports founder revealing he is down millions but still has no plans to sell despite the cryptocurrency's sharp decline.Barstool Sports founder and President Dave Portnoy joined FOX Business' Stuart Varney on "Varney & Co." to discuss politics, sports and cryptocurrency, where he acknowledged buying Bitcoin near its recent highs and explained why he […]

Ford is turning one of Washington, D.C.’s busiest transit hubs into a showcase of American industry, innovation and horsepower for the nation’s 250th birthday.The automaker has opened "Driving America Forward," a free Union Station exhibit that traces Ford’s 123-year impact on American life — from the factory floor and World War II to farms, racetracks and pop culture.The exhibit runs July 1 through July 14 as millions of visitors travel […]

America's largest electric grid has secured emergency federal authority that could allow some data centers and other large electricity users with backup generators to temporarily reduce their power consumption as officials prepare for what could become the system's highest electricity demand in nearly two decades.PJM Interconnection, which serves about 67 million people across 13 states and Washington, D.C., said Wednesday it expects electricity demand to reach about 166,147 megawatts on […]