Business

A multimillion-dollar estate the Obama family stayed at several times during trips to Martha’s Vineyard is up for sale.The owners, identified as architect Norman Foster and his family, are looking to get $39 million for the massive Blue Heron Farm on the Massachusetts island, The Wall Street Journal reported April 25.MGS Group Real Estate’s Maggie Gold Seelig and Corcoran Property Advisors’ Brian Dougherty are listing the property on the seller’s behalf, […]

A prominent Chinese businessman in New York was sentenced to 20 months in federal prison for illegally acting as an agent of the Chinese Communist Party, according to the U.S. Department of Justice.Quanzhong An, a permanent U.S. resident and influential figure in Queens’ Chinese business community, pleaded guilty in March to participating in a yearslong campaign to pressure a Chinese expatriate, identified in DOJ filings as "John Doe-1" and reported […]

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 […]