News

Florida is facing its worst drought in 25 years, intensifying pressure on a citrus industry already battered by disease, hurricanes and rising costs.According to the U.S. Drought Monitor, 100% of the state is experiencing some level of drought, with more than 75% in extreme drought conditions. The dry spell is adding new financial strain for growers who rely heavily on irrigation to sustain crops.Florida accounts for 17% of the nation’s citrus […]

Papa John’s International is reportedly reviewing a new proposal to take the company private in a potential $1.5 billion acquisition, according to Reuters. Irth Capital Management, a Qatari-backed investment fund supported by Brookfield Asset Management, reportedly submitted the proposal on Wednesday, offering $47 per share, a 44% premium over the stock’s most recent closing price.Following the announcement, the stock surged by a significant 15%, closing around $38.86. The bid comes after Papa […]

Iran warned the United States Wednesday that oil prices could soar to $200 a barrel as escalating U.S. and Israeli strikes against the country continue to rattle global energy markets. To prevent what could be one of the worst oil shocks since the 1970s, the U.S. announced that Washington, along with the International Energy Agency (IEA), will soon release a historic volume of oil from its emergency reserves.If oil prices reach […]

If you take an Uber or Lyft from Los Angeles International Airport (LAX), your ride could soon cost more.The Los Angeles Board of Airport Commissioners on Tuesday approved an increase in rideshare fees, raising the charge from $4 to as much as $12 per trip, a move Uber is warning will affect both riders and drivers, FOX 11 reported.Under the new plan, rideshare vehicles will pay a $6 base fee […]