Business

Oracle co-founder Larry Ellison added $26 billion to his net worth on Thursday.His already-massive personal fortune reached $243 billion on Thursday thanks to the $26 billion jump, according to Forbes. A rise in shares of Oracle, the tech company that Ellison co-founded 48 years ago, helped lift his net worth to a new level, the outlet reported.That was precipitated by Oracle releasing its fourth-quarter financial results on Tuesday.The company generated $15.9 billion in […]

President Donald Trump on Thursday signed legislation that terminates the state of California's electric vehicle (EV) mandate.The president signed a law repealing a waiver the Biden administration's Environmental Protection Agency (EPA) granted California to enforce its own emissions standard that would have required the minimum percentage of zero-emission cars to rise from 35% for the 2026 model year to 100% in 2035. Eleven other states signed on to California's EV mandate."This is […]

Mitsubishi Motors North America is recalling nearly 200,000 Outlander and Outlander plug-in hybrid electric SUVs because of faulty software that could make their rearview cameras malfunction. The automaker said in a National Highway Traffic Safety Administration (NHTSA) recall report that the infotainment system inside over 198,900 Outlanders from model years 2022-2024 and Outlander PHEV SUVs from model years 2023-2025 could "freeze or display a black screen."That could cause the rearview camera […]

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 […]