Business

Amazon is planning to cut nearly 10% of its corporate workforce beginning Tuesday as part of an internal restructuring, Reuters reported, citing three sources.The reported layoffs, affecting roughly 30,000 employees, would mark the largest reduction in Amazon’s corporate workforce in the company’s history, surpassing the roughly 27,000 positions eliminated in late 2022 and early 2023, according to layoff tracking site Layoffs.fyi.Sources told Reuters that Amazon has been working to reduce […]

Small Business Administration Administrator Kelly Loeffler says Democrats are having a "disgraceful moment" as the government shutdown reaches what she calls liberals' intended effect of hurting small businesses.  The federal government approached its fifth week of a shutdown after lawmakers failed to advance the continuing resolution a dozen times, according to a previous report. Disagreements over Obamacare remain at the forefront, as Senate Minority Leader Chuck Schumer, D-N.Y., and other Democrats […]

Aclara Resources CEO Ramón Barúa Costa detailed a $277 million investment to build the first rare earth processing plant in America during an exclusive interview on "The Claman Countdown" Monday."We are going to be breaking ground in the second half of next year," he said on the future plant in Louisiana.Rare earth elements are critical for making everyday electronics, defense systems and more. WYOMING RARE EARTH MINING FACILITY TO BE FIRST […]

LSU’s firing of head football coach Brian Kelly brings about a big issue other than finding the right replacement for him. Kelly was only in his fourth season of a 10-year, $100 million contract he signed to coach the Tigers after leaving Notre Dame. And of that $100 million, 90% of it was guaranteed money. So, LSU and Kelly are reportedly in negotiations about how the university is going to buy him […]

Republicans and Democrats remain far apart on what to do about Obamacare, with how to handle expiring subsidies being the main sticking point in talks to re-open the federal government. Back when former President Barack Obama signed the legislation into law in 2010, he promised it would "lower costs for families and for businesses and for the federal government, reducing our deficit by over $1T in the next two decades." DEMOCRATS BLAME […]

Tesla’s board chair has warned shareholders in a letter that failing to approve Elon Musk’s $1 trillion pay package could put the company at risk of losing its CEO and "significant value.""Do you want to retain Elon as Tesla’s CEO and motivate him to drive Tesla to become the leading provider of autonomous solutions and the most valuable company in the world?" board Chair Robyn Denholm said in a letter […]

A popular item sold at Costco has been recalled due to a potential child safety risk.Olympia Tools International Inc.'s Pack-N-Stroll Folding Utility Wagon "was not marketed for use by children" and "may be mis-used in that manner," a recall notice Costco sent Thursday to customers who purchased the item said.Despite the popularity of stroller wagons, this particular wagon "does not meet federal safety standards for use with children because there […]

The pipes are churning, and sand and water are flowing once again as America’s oil executives focus on increasing domestic supply and aim to bring prices to a "low point" in 2026."We're prepared for prices in '26 to be lower than they were in '25," Chevron CEO Mike Wirth said in an interview with FOX Business’ Maria Bartiromo — the first of four exclusive segments airing on "Mornings with Maria" […]

More than 2 million pounds of ready-to-eat Korean barbecue pork jerky product shipped to Costco and Sam's Club stores nationwide are being recalled over fears that it may be contaminated with pieces of metal, federal health officials warned.  South Dakota-based LSI Inc. recalled its jerky product, labeled Golden Island fire-grilled pork jerky Korean barbecue recipe, after multiple consumers reported finding wiry metal in the product, the U.S. Department of Agriculture’s […]