Business

Warren Buffett said on Saturday that he plans to step down by the end of this year as CEO of Berkshire Hathaway. The billionaire investor named Greg Abel, who is chairman, as his replacement. Buffett, 94, said he would "hang around" the company, according to CNBC. CLICK HERE TO GET THE FOX NEWS APP"I would add this, the decision to keep every share is an economic decision because i think the prospects of […]

Legendary investor Warren Buffett railed against President Donald Trump’s tariffs on Saturday and the tumultuous way in which the president has rolled them out. Buffett, 94, the chairman and CEO of Berkshire Hathaway, criticized the Trump administration’s use of tariffs as a trade strategy, arguing that employing trade as a "weapon" has antagonized international relations and destabilized global markets. "Balanced trade is good for the world," and "trade should not be a weapon," Buffett said at Berkshire […]

A hotel industry’s top exec has revealed the overwhelming positive support he’s received after tackling diversity, equity and inclusion (DEI) head on.During the Great Place to Work for All Summit last week, Marriott CEO and President Anthony Capuano spoke to the crowd about the cultural and workplace shifts on DEI and reflected on a moment he was met with unexpected encouragement from tens of thousands of emails from coworkers."The day […]

Walmart is showing increased support for American-made products through its "Grow With US" initiative, a new program aimed at providing U.S. small business owners with the training, mentorship and resources they need to succeed."Walmart is making it easier for U.S.-based entrepreneurs to navigate the complexities of retail and bring their products to a national stage," the world's largest retailer said in an announcement.WALMART LEANING INTO TARIFF UNCERTAINTY: 'POSITIONED TO PLAY […]

Beloved pasta brand Barilla has refreshed its Al Bronzo line and scaled the catalog to include two new pasta types, Orecchiette and Fusilloni.Barilla, the leading pasta brand in the U.S., according to Statista, relaunched the Al Bronzo line with celebrity influencer and food connoisseur Brooklyn Peltz Beckham, at the epicenter of tasty Italianate dishes curated around the bronze-cut macaroni."We’re very excited to be working with Brooklyn," Angie Cotter, U.S. Pasta […]

The Treasury Department wants to make the IRS more efficient under the Trump administration.And IRS data shared with FOX Business indicates total tax receipts for this tax filing season have increased 5% from last year. Additionally, the total number of tax returns processed is up 1.5%."We are making Treasury efficient again. This isn't just words on paper. The data backs the great work that we're doing to make sure that the IRS […]

Energy Secretary Chris Wright toured a Rinnai America Corporation tankless water heater factory in South Georgia on Friday to mark 100 days of the Trump administration and the $24 billion his agency said has saved American consumers from regulatory changes it's made.The Energy Department first postponed the rule set into motion under the Biden administration, then Congress passed a bill via the Congressional Review Act (CRA) in April to codify […]

A stablecoin launched by Donald Trump's World Liberty Financial crypto venture is being used by an Abu Dhabi investment firm for its $2 billion investment in crypto exchange Binance, one of World Liberty's co-founders said on Thursday.It's the latest in a series of Trump family crypto-related ventures, including a "meme coin" launched in January, that have drawn criticism from government ethics experts and political opponents over potential conflicts of interest.World […]

Streaming giant Spotify on Friday announced that Apple approved an app update it submitted to revise how the music streaming service displays its pricing information and purchase links after a judge ordered the iPhone maker to give app developers more ability to communicate with their customers.A federal judge on Wednesday issued an order that found Apple was in "willful violation" of a 2021 injunction and was now required to stop […]