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France’s CMA CGM to Buy FedEx Supply Chain for $1.4 Billion
French shipping and logistics giant CMA CGM Group said Wednesday, July 1, that it will acquire FedEx Supply Chain, the contract logistics division of FedEx, for $1.4 billion, significantly expanding…
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Europe’s Heat Wave Fuels a Chinese Air Conditioner Boom as Trade Talks Drag
The European Union says it wants to shrink its record trade gap with China. A brutal, record-breaking heat wave is pushing the numbers in the opposite direction — one portable…
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Trump Promised No Forever Wars. Now He Faces Drawn-Out Talks With Iran
Indirect U.S.-Iran negotiations in Doha made “positive progress” on Wednesday, according to a statement from Qatar’s Foreign Ministry, while Vice President JD Vance said the talks were “going well” and…
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Dubai Bets on U.S.-Iran Peace Talks to Rebuild Its Tourism Economy
Dubai’s tourism chiefs signaled this past week that the emirate intends to stick with its long-range growth plan, even as it digs out of the sharpest travel collapse in its…
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Trump promises Philadelphia gas discounts ahead of July 4, claims oil prices are ‘plummeting’
President Donald Trump on Wednesday announced that fuel prices will be lowered at select gas stations in the Philadelphia area just ahead of the Fourth of July holiday, as he…
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New Costco approved in California, but some locals say location is ‘unnecessary’
A new Costco warehouse and gas station are one step closer to coming to Downey, California, after city leaders approved a development agreement for the project, though not everyone is…
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Samsung and SK Hynix Slide Again as U.S. Chip Selloff Sweeps Into Asia
Japanese and South Korean chip stocks fell hard on Thursday, dragged down by another rough day for technology shares on Wall Street the session before. South Korea’s KOSPI index dropped…
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US-Iran talks ‘going well’ Vance claims, Iran’s deputy FM says monitoring of MoU discussed – report
US Vice President JD Vance stated that indirect US-Iran talks in Doha are “going well” and will soon progress to discussions on nuclear issues while speaking to American military personnel…
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Check your AC: 13,000 units recalled over fire risk
More than 13,000 air conditioning units were recalled for posing fire and burn hazards, as Americans attempt to stay cool during a heatwave for the Fourth of July weekend. Texas-based…
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Chuck E. Cheese CEO Bets on Birthday Parties to Power Company Growth
Scott Drake, President and CEO of CEC Entertainment, is putting kids’ birthday parties at the center of his strategy to grow Chuck E. Cheese, saying in an interview published June…
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DOJ says Alibaba failed to stop illegal pharmaceuticals and banned goods from reaching US buyers
Chinese e-commerce giant Alibaba has agreed to pay $600 million and enter into a non-prosecution agreement with the Department of Justice (DOJ) after admitting it failed to prevent tens of…
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Arriving on Qatari-gifted Air Force One for the first time, Trump unveils Roosevelt museum
US President Donald Trump dedicated a museum honoring Theodore Roosevelt on Wednesday, invoking the Republican president’s legacy and linking it to his own vision for America ahead of the country’s…
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Anthropic Launches Claude Science and Its Own Drug Program for Neglected Diseases
Anthropic is getting into the business of inventing medicines. On Tuesday, at an event in San Francisco, the artificial-intelligence company announced it will launch its own internal drug discovery program…
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New $1 Million Coney Island Business Improvement District Launches Ahead of Peak Summer Season
Coney Island’s small businesses are receiving a major boost with the launch of a new Business Improvement District (BID) designed to strengthen one of New York City’s most recognizable commercial…
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WATCH: Maccabiah opening ceremony kicks off in Jerusalem, thousands of athletes in attendance
The Maccabiah Games, often referred to as the “Jewish Olympics,” kicked off on Wednesday evening with around 5,000 athletes from roughly 35 countries participating in the opening ceremony at Jerusalem’s…
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JD Vance’s Memoir Generated Millions as Financial Disclosure Reveals Up to $7.4 Million in Income
Vice President JD Vance earned as much as $7.4 million during the latest financial disclosure period, with the overwhelming majority of that income coming from royalties and publishing rights tied…
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Canada’s Market Tops Wall Street for a Second Year as Banks Power the Rally
Through the first half of 2026, which closed Tuesday, June 30, Canada’s main stock index has once again outperformed the U.S. market, extending one of the more surprising trends investors…
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Walmart goes nuclear in first-of-its-kind power deal for retail giant
Walmart is making its first nuclear power play as the retail giant looks to support its growing footprint in Illinois. The retailer signed a long-term power purchase agreement with Constellation…
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What are the main sticking points in the Trump admin’s trade negotiations with Canada, Mexico?
The Trump administration’s announcement that it doesn’t plan to renew the U.S.-Mexico-Canada Agreement (USMCA) and instead intends to pursue individual trade agreements with its two neighbors. Wednesday marked the sixth…
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Meta Jumps 9% on Plan to Sell Spare AI Computing Power
Meta Platforms has spent the past two years pouring staggering sums into artificial intelligence, and on Wednesday it signaled a new way to earn some of that money back. Shares…
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LARRY KUDLOW: We Must Fight for Our Freedoms
Just about a year after signing the One Big, Beautiful Bill with its major league tax cuts, the stock market is roaring. In this year’s second quarter, the S&P 500…
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Record decline in home asking prices offers buyers an affordability boost
Home listing prices are declining at the fastest pace in at least nine years as sellers adjust to a slower market and look to attract buyers. The national median asking…
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Dow Rises to Start Third Quarter as Tech Slips and Warsh Rules Out Rate Cuts
U.S. stocks closed mixed Wednesday, July 1, on the first day of the third quarter, as gains in banks and other value stocks lifted the Dow Jones Industrial Average to…
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New Fed Chief Warsh Signals No Rate Cuts, Vows to Bring Inflation Down
New Federal Reserve Chair Kevin Warsh said Wednesday, July 1, that the central bank will stay independent and focus on bringing inflation down, comments that likely rule out the interest-rate…
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Nicotine Pouch Sales Have Soared 251% Since 2023, Reshaping Convenience Stores
Sales of nicotine pouches in the United States have surged nearly 251% since early 2023, making them one of the fastest-growing consumer products in the country and reshaping the economics…
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Almost 70% of Israel’s public services are digitalized, National Digital Network report reveals
Almost 65% of all public services provided by Israel’s state agencies are digitized, while 116 that should have been digitized by law are still pending implementation, a new report by…
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Hybrids Drive US Car Sales as Automakers Post a Mixed Quarter
American car buyers sent a clear message during the second quarter: they want better fuel economy without giving up the convenience of a gasoline engine. As automakers reported U.S. sales…
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Gov. DeSantis Signs Anti-Media Blacklist Provision into Florida Budget for Second Consecutive Year
Florida Continues to Lead the Nation in Protecting Taxpayer Dollars from Politically Biased Media Monitors Florida Gov. Ron DeSantis signed the state’s $117.6 billion budget for the 2026–2027 fiscal year…
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Google co-founder Sergey Brin offloads massive stake in NYC real estate for pennies on the dollar
Months before New York City approved a historic two-year rent freeze, Google co-founder Sergey Brin quietly exited a struggling real estate fund at a steep loss. In December, Brin sold…
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NYC co-names streets after New York Knicks players
In commemoration of the team’s first NBA championship in over 50 years, New York City has temporarily co-named streets in Manhattan for every player on the 2026 New York Knicks.…
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Sony to end physical PlayStation game discs for new releases starting in 2028
Sony is ending production of physical discs for all new PlayStation game releases beginning in January 2028, marking a significant step in the gaming industry’s ongoing transition to digital distribution. …
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Supreme Court Rules States Can Bar Transgender Athletes From Girls’ School Sports
The Supreme Court on Tuesday ruled that states may keep transgender girls off girls’ and women’s sports teams at public schools, a decision that gives athletic departments long-sought legal clarity…
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Dave Portnoy keeps door open to NYC mayoral bid, unloads on Mamdani’s fiscal claims
Barstool Sports founder Dave Portnoy is keeping the door open to a potential run for New York City mayor as he ramps up criticism of Mayor Zohran Mamdani, arguing the…
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Kroger to buy popular grocery and pharmacy retailer in $1.65B
Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant’s first major acquisition since regulators blocked its proposed $25 billion…
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Consumer Sentiment Rose to 49.5 in June as Gas Prices Eased From Four-Year Highs
Americans felt slightly better about the economy in June, mostly because gas prices came down. The University of Michigan said its final Index of Consumer Sentiment rose to 49.5, up…
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White House Asks OpenAI to Limit Its New GPT-5.6 Model to Approved Users
OpenAI confirmed in a post earlier this week that it agreed to a White House request to release its next model, GPT-5.6, only to a small group of government-approved partners,…
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US decides not to renew USMCA trade pact, will seek separate deals with Canada, Mexico
President Donald Trump has decided not to extend the USMCA trade agreement and will instead pursue independent trade deals with Canada and Mexico, FOX Business has learned. Wednesday marked the…
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Fox and Telemundo Break Records as 84 Million Americans Watch the World Cup
The 2026 FIFA World Cup is becoming a major business success for its U.S. television broadcasters, with Fox Sports and Telemundo reporting record audiences as the tournament heads into the…
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DOJ reaches settlement with major egg producers over alleged price manipulation
The Justice Department and attorneys general from 17 states announced proposed settlements Tuesday with three of the nation’s largest egg producers after alleging they coordinated to manipulate a key pricing…
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World Bank Drops Its Climate Lending Targets Under U.S. Pressure
The World Bank said Monday it will eliminate its formal climate lending targets, marking a major policy shift that follows months of pressure from the United States, the institution’s largest…
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Palestinian Authority pushes for digital transactions to ease financial crisis
The Palestinian sector is set to rely increasingly on electronic payments, moving away from physical bank notes as a means to deal with the banking crisis, Deputy Governor of the…
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$5 Billion Plan Aims to Finish Atlantic Yards With 5,600 New Homes
Brooklyn’s most notorious unfinished megaproject may finally be getting a last chapter. On Monday, June 29, Empire State Development, the state’s economic-development agency, along with developers Cirrus Workforce Housing and…
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U.S. Tariffs Push Europe and Brazil Into a Giant New Trade Deal
The trade barriers President Donald Trump raised to protect American industry are pushing some of the country’s biggest trading partners closer together. After more than two decades of stalled negotiations,…
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BofA CEO Brian Moynihan dismisses recession fears despite Wall Street’s most hawkish Fed forecast
While Wall Street prepares for the prospect of a more aggressive Federal Reserve, Bank of America CEO Brian Moynihan has a reassuring message for anxious investors. Despite Bank of America’s…
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Heat and Storms Threaten the AI Data Center Boom, Insurers Warn
Extreme heat and severe weather have become one of the biggest financial risks facing the data centers powering the artificial-intelligence boom, insurers and operators are warning, as a record heatwave…
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Stocks Ease From Record as Hiring Slows and Fed’s Warsh Takes the Stage
U.S. stocks pulled back Wednesday, July 1, the morning after major indexes closed out their best quarter since 2020, as investors digested a softer-than-expected read on hiring, watched Federal Reserve…
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Trump says Taiwan is doubling the size of chipmaking plant in Arizona
President Donald Trump on Wednesday said that Taiwan is doubling the size of the chipmaking plants under construction in Arizona, adding that it could help the U.S. share of the…
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Why Your Coffee Now Has Protein: Inside the $160 Billion Wellness Drink Boom
Walk into almost any coffee shop or grocery store today and you’ll see a growing trend: coffee packed with protein, soda promising better gut health, and bottled water infused with…
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Jet Fuel Has Fallen 40% Since April, but Airlines Are Keeping Fares High
Spot jet fuel prices have fallen about 40% from their April peak, according to data from Airlines for America, the airline industry’s trade association. But despite the sharp decline in…
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Researchers Find 51 of 86 Child Safety Tools Failed Across Major Apps
A new report released Monday by the Cybersafety Research Center — a joint initiative of New York University and Northeastern University — found that most of the child-safety tools promoted…
2026-03-11