Business

There is an emerging fourth category in the beverage industry that's becoming a pain point for traditional beer categories, but experts say it's drumming up excitement among younger legal drinkers.For Boston Beer Co. founder Jim Koch, this category is the area between traditional beer, traditional wine and traditional hard liquor."There are cool things that we can do in that space," Koch told FOX Business. "Because we're pretty good at making […]

Regional airline Silver Airways on Wednesday announced that it is ceasing operations and warned passengers not to go to the airport. The airline operated flights between Florida, the Bahamas and the Caribbean."In an attempt to restructure in bankruptcy, Silver entered into a transaction to sell its assets to another airline holding company, who unfortunately has determined not to continue Silver’s flight operations in Florida, the Bahamas and the Caribbean," Silver said.CRAFTS […]

EXCLUSIVE: When Sen. David McCormick was growing up in Bloomsburg – at the edge of Pennsylvania’s anthracite coal region – he never envisioned the area being economically revitalized as a linchpin for the cloud computing and AI industries, he said in a Monday interview.This week, Amazon announced a $20 billion investment in artificial intelligence infrastructure in the form of new data centers, the largest in the commonwealth's history, according to […]

Boeing shares fell 5% during premarket trading on Thursday after one of its aircraft operated by Air India crashed shortly after takeoff.The Air India 787-8 Dreamliner aircraft was carrying more than 200 people when it crashed in a civilian area near the Ahmedabad airport. The carrier, en route to Gatwick Airport in the U.K., crashed just minutes after taking off around 1:38 p.m. local time. In total, there were 242 passengers […]

Iconic musician Brian Wilson died at 82 on Wednesday, leaving behind an extraordinary legacy as one of the last surviving members of The Beach Boys, Three brothers, Brian, Dennis and Carl Wilson, formed the band in Hawthorne, California, in 1961 along with their cousin, Mike Love, and friend Al Jardine. The band eventually added other members, including Bruce Johnston and David Marks. Information is not pubically available on Wilson's or the band's […]

JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing."I think there's a chance real numbers will deteriorate soon," Dimon said Tuesday at a Morgan Stanley conference.Dimon pushed back on suggestions that economic surveys showing diminished business and consumer confidence are an indicator of what's to come. He explained that "neither consumers nor businesses ever pick […]

United Natural Foods Inc., a distributor for Whole Foods and other grocers, disclosed this week that it suffered a cyber incident, causing temporary disruptions in its operations.The company announced the cyber incident on Monday, saying in a Securities and Exchange Commission filing it had detected "unauthorized activity" on certain information technology systems on June 5. UNFI said it "proactively" shut down some of its systems as part of its response to […]

General Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles.With the multibillion-dollar investment, the Michigan-based automaker will be able to assemble more than 2 million vehicles per year in the U.S. The latest investment comes just two weeks after the company announced it earmarked $888 million for its Tonawanda Propulsion plant near Buffalo, New York, to […]

Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve to cut interest rates."The president has been saying this for a while, but it's even more clear: the refusal by the Fed to cut rates is monetary malpractice," Vance wrote in a post on X.Trump on Wednesday repeated his prior call for the U.S. central bank cut interest rates by a full point."CPI JUST OUT. […]