Business

California Republicans voiced outrage this week over a plan to divert at least $18 million from the nation’s highest gas tax toward "VIP lanes" on expressways for the 2028 Los Angeles Olympics.The top Republican on the state Senate Budget Committee said California is right to prepare for the world converging on America’s second-largest city, but that using crucial gas tax revenue directed at a singular project is the wrong move […]

Gas prices are sitting at a four-year low as the ceasefire between Iran and Israel has eased fears that conflict in the Middle East could disrupt global oil supplies.The national average price for a gallon of regular gasoline was $3.20 on Friday as oil prices remained where they were before tensions in the Middle East caused a "knee-jerk" reaction in the markets, according to industry experts. U.S. strikes on three key […]

The celebration of Jeff Bezos and Lauren Sánchez’s wedding appeared to start on Thursday in the city of Venice, Italy. Photos captured the billionaire Amazon founder and his fiancee dressed to the nines while exiting a hotel on Venice’s famed Grand Canal to make their way onto a waiting water taxi. Big-name stars were also seen similarly donning fancy attire and getting into boats at other locations in the city for the […]

GE Appliances on Thursday said it would spend $490 million to move the production of most of its washing machines from China to Kentucky.The operation will move to the company's massive industrial Appliance Park headquarters in Louisville, Kentucky, where it already manufactures washers and dryers. At least 800 new full-time jobs are expected to be created, the company said in a news release. GOP LAWMAKER TOUTS $19M TRUMP TARIFF SUCCESS STORY […]

Billionaire Bill Ackman said Thursday he will back a candidate in the New York City mayoral race to counter the candidacy of New York Assemblyman Zohran Mamdani, an avowed democratic socialist.Mamdani is the presumptive Democratic Party nominee for the New York City mayoral race after he declared victory over former New York Gov. Andrew Cuomo and City Comptroller Brad Lander. He is also a member of the Democratic Socialists of America and […]

Claire's Stores Inc. is weighing a potential sale as the beleaguered teen jewelry store contends with relentless competition and the impact of President Donald Trump's tariffs, according to a report. The company, primarily owned by private equity firms Elliott Management and Monarch Alternative Capital, tapped Houlihan Lokey Inc to find potential buyers for some or all of Claire's locations, people familiar with the matter told Bloomberg. FOX Business reached out to Elliott, […]

Amazon founder Jeff Bezos and fiancée Lauren Sánchez tapped event planners Lanza & Baucina Limited for their wedding ceremony and reception.The planners are bound to be busy because the high-profile couple, engaged for roughly two years, are getting married in Venice, Italy, later in the week.Lanza & Baucina Limited is based in London. Prince Antonio Licata di Baucina, Count Riccardo Lanza and Count Aleramo Lanza created the company in 2000, according to […]

The U.S. dollar sank to its lowest level in three years on Thursday following a report that President Donald Trump is planning to pick his nominee to serve as the next chair of the Federal Reserve early.The Wall Street Journal's U.S. Dollar Index – which measures the dollar's strength relative to a basket of 16 foreign currencies – dipped to a low of 97.01 on Thursday morning before paring some of that […]

Salesforce CEO Marc Benioff revealed the software company uses artificial intelligence (AI) technology to perform a good deal of its work. He told Emily Chang, the host of Bloomberg’s "The Circuit with Emily Chang," that AI "is doing 30% to 50% of the work at Salesforce now." The company has been using AI to automate in areas such as engineering, coding and customer service tasks, according to Benioff.The CEO told the outlet he […]