Business

President Donald Trump on Friday announced a move to lift tariffs on certain goods produced internationally through an executive order.The rollback on tariffs will apply to a number of goods, including coffee, bananas and beef, among others. "The millions of dollars the Federal government collected in additional tariffs on these products resulted in higher prices for businesses and families," said U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer […]

Amazon is doubling down on artificial intelligence and robotics to remake work inside its warehouses and fulfillment centers, even as it cuts thousands of corporate roles and faces growing fears about machines replacing human workers.Amazon announced 14,000 corporate job cuts as part of a broad internal restructuring in its latest earnings report. A recent New York Times report also suggested Amazon plans to replace as many as 500,000 jobs with robots […]

A new artificial intelligence tool is transforming the homebuying experience for Americans everywhere. Redfin has teamed up with Sierra AI to launch a new AI-powered conversational search tool designed to interact with homebuyers the way a real estate agent would. The technology does away with one-dimensional search filters and instead allows users to describe what they want in their own words to find the perfect homes. "We're the first to offer conversational […]

U.S. Transportation Secretary Sean Duffy and Federal Aviation Administration (FAA) Administrator Bryan Bedford announced Friday the required flight reductions at 40 U.S. airports will be lowered from 6% to 3% as the government reopens after a record-breaking shutdown.The change will go into effect Saturday at 6 a.m., following a recommendation from the FAA safety and operations team.FAA officials said the decision reflects improvements in air traffic controller staffing levels and […]

Federal Housing Finance Agency Director Bill Pulte said the government agency is "actively evaluating" portable mortgages, which would allow a homeowner to transfer their loan from their current home to a new home when they move. With portable mortgages, the homeowner would effectively be able to keep their existing interest rate and terms instead of paying off the loan and getting a new one. It’s a strategy designed to inject movement […]

When sports, music and fashion intersect, hip-hop superstar Quavo is often at the center of it all.Quavo partnered with global hat retailer Lids in a new, multiyear collaboration as the brand’s newest ambassador.To kick off the partnership, Quavo and Lids collaborated on a collection featuring the college team near and dear to the Atlanta native’s heart.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMThe Quavo UGA x ’47 Collection, which drops […]

Oil and gas demand could continue to grow until the middle of the century, according to a new International Energy Agency scenario that shifts away from previous expectations of so-called peak oil demand because of slower adoption of green technologies.The Paris-based agency, which represents oil-consuming nations, said that under this scenario, demand for oil and natural gas would continue to grow to 2050, while coal goes into a decline before […]

America’s beef bills are set to keep climbing, according to Omaha Steaks President and CEO Nate Rempe, who cautioned that the nation’s shrinking cattle supply and record demand are driving a "$10-a-pound reality" that could stretch family budgets for years."Look, domestically, we need to get our arms around it. Last time we got together, we talked about how the herd is at a 70-year low, demand is at an all-time […]

Skims said Wednesday it has raised $225 million in new funding, boosting the shapewear and apparel company's valuation to $5 billion.Founded in 2019 by Kim Kardashian and business partner Jens Grede, Skims plans to use the new funding to drive product innovation and expand into new categories, according to an announcement from Goldman Sachs."Today’s announcement validates the hard work of our incredible team and partners who have helped us reach […]