Business

Sen. Bill Hagerty, R-Tenn., recently got the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act regulating stablecoin "hotlined" for a quicker Senate vote process, just as Democrats began raising both political and policy concerns about the legislation they previously supported."The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) creates a strong, forward-looking regulatory framework to modernize our payment systems and affirms the dominance of the U.S. […]

President Donald Trump on Sunday announced that he's directing federal agencies to reopen the prison at Alcatraz after rebuilding and expanding the prison that was shuttered over 60 years ago and currently serves as a museum and tourist destination in the San Francisco Bay Area.The maximum-security federal penitentiary at Alcatraz Island opened in 1934, located 1.25 miles from the coast, where it was thought to be escape-proof because of the San […]

Berkshire Hathaway’s Warren Buffett over the weekend announced plans to step down as chief executive starting next year.Greg Abel, the vice chairman of non-insurance operations at Berkshire, received unanimous approval from the board to succeed Buffett, who, after more than half a century, plans to relinquish the top job. Abel will start his tenure as Berkshire’s new CEO on Jan. 1, 2026.Buffett’s planned successor has held his current position at Berkshire […]

Former Commerce Secretary Wilbur Ross helped launch President Donald Trump’s trade wars in the first term – now he says the White House is moving faster, hitting harder and taking a more unilateral approach to trade policy.In an interview with Fox News Digital, Ross – who served in the Trump Cabinet from 2017 to 2021 – said Trump is cutting red tape by using the International Emergency Economic Powers Act […]

Skype is no more, as Microsoft is retiring the once-popular video calling service on Monday. Shutting down Skype will help the software giant focus on its homegrown Teams service by simplifying its communication offerings, Microsoft announced back in February. To ease the transition from the platform, its users will be able to log into the free version of Teams using their existing credentials, with chats and contacts migrating automatically. "Skype has been an […]

Chevron CEO Mike Wirth issued a stark warning about the firm's possible departure from Venezuela as a Biden-era license allowing the company to operate in the country is set to expire. Chevron, which is only allowed to export Venezuelan oil to the United States, has been under pressure from the Trump administration to halt drilling in the politically turbulent nation. But Wirth, who is currently negotiating with the administration, argued against the […]

Things are about to get a lot ‘suite’er for passengers aboard some international American Airlines flights.This summer, the airline is debuting its Flagship Suite seats aboard its newest Boeing 787-9 aircraft.The 51 Flagship Suite seats at the front of the aircraft will feature "privacy doors, more personal storage space with a wireless charging pad and a one-of-a-kind chaise lounge seating option with an adjustable headrest pillow," American said in a […]

Last Monday was a tough day for citizens of Spain and Portugal. Both countries were hit by an hourslong power outage that some say was the worst such event in living memory. What they did not get was a clear explanation of how it all happened. At least not from the government.Potential culprits brought forward include the overuse of renewable energy such as solar or wind, a cyberattack, human error, extreme […]

This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).In celebration of the heroic and gallant actions of firefighters across the U.S. on International Firefighters' Day, a former Los Angeles County fire captain is launching a coffee brand with a meaningful mission.Rick Brandelli, founder of Firemans Brew Coffee, will debut three roasts online […]