Business

ExxonMobil's Senior Vice President Neil Chapman issued a stark warning to the public that energy prices may explode upwards in the coming weeks on the same day his company's board approved moving the company's corporate structure from New Jersey to Texas. Speaking at the Bernstein Conference in New York on Thursday, Chapman warned that crude oil prices could go as high as $160 per barrel in the coming weeks as dwindling […]

A lounge chair sold on Amazon.com is being recalled after a customer lost a finger while adjusting it, officials said.The chair, made by the company Giantex, poses an "amputation risk" when consumers place their fingers in a pinch point when adjusting the chair, the U.S. Consumer Product Safety Commission (CPSC) said in a notice.WHOLE FOODS MINESTRONE SOUP RECALLED IN 17 STATES OVER POSSIBLE LIFE-THREATENING ALLERGIC REACTIONAround 1,155 units are subject […]

Treasury Secretary Scott Bessent said the Iranian economy is nearing a breaking point Friday, while announcing that the U.S. has seized roughly $1 billion in Iranian cryptocurrency assets."We have seized about a billion dollars of their crypto," he told FOX Business. "Just outright grabbed the wallets."Joining "Kudlow" at the Reagan National Economic Forum, Bessent detailed the United States’ economic pressure campaign on Iran, known as "Operation Economic Fury," which he said […]

People may forget that Scott Bessent is probably the strongest wartime Treasury secretary going all the way back, at least to World War II. Through his Economic Fury campaign, he has slowly but surely turned off Iran’s monetary and economic spigots.Not only the blockade of Iranian ports, which has stopped their oil sales and revenues, but also his putting an end to their shadow banking system through aggressive use and […]

American households saving money for their children's educations can leverage tax-advantaged 529 accounts to make their dollars go further.529 education savings accounts are typically opened by parents, guardians or grandparents for minor children and allow those savings to grow on a tax-deferred basis, and funds can be withdrawn tax-free when they're used for qualified expenses. Individuals may also open 529 accounts to help save for their own education. "529s are the […]

Costco's gas stations saw a surge in demand in the most recent quarter as consumers sought out its low-priced gasoline, which helped the company top the market expectations for its third-quarter sales.Costco CEO Ron Vachris noted the "backdrop of ongoing macro uncertainty" has consumers searching out affordable options given the pressure on household budgets, which helped attract members to its gas stations."Nowhere has this been more apparent in the third […]

Americans who are retired or are approaching retirement and are evaluating their investment portfolios can turn to exchange-traded funds (ETFs) that may offer built-in diversification for core holdings or exposure to specific sectors.ETFs are securities that typically track indexes and allow investors to get exposure to a number of companies included in the index. For example, an ETF that tracks the S&P 500 allows an investor to purchase a single share […]

JPMorgan Chase CEO and Chairman Jamie Dimon is offering up details about his one-on-one meeting with New York City's Democratic Socialist Mayor Zohran Mamdani."I had a great meeting with Mamdani, meaning it was pleasant, you know, but I said everything I wanted to say," Dimon told FOX Business' Maria Bartiromo at the second annual Reagan National Economic Forum. "I've seen mayors grow into the job.""I mean, he's running the city […]

Major League Wrestling (MLW) announced a partnership with Veeps earlier this week, marking the latest free streaming platform the promotion will appear on – joining YouTube and beIN Sports."MLW Fusion" will debut on Veeps on Saturday with a loaded lineup of professional wrestling without the need of fans having an extra streaming service that might hit them in the wallet harder than a Killer Kross chair shot.MLW CEO Court Bauer […]