Business news

• Disney’s win, jobs blowout, gold shines and solar eclipse mania

  07-04-2024 23:25 via foxbusiness.com
  
  -Job growth in March wowed even the most bullish economists -Stocks closed out a wild week as gold hit a new record -Disney CEO Bob Iger worked his magic with shareholders. Now what? -Former President Trump secures a $175 million bond and is expected to hit it big with a forthcoming fundraiser -Billionaire Jeff Bezos plunks down $90 million for another house in the same neighborhood-Solar Eclipse mania is creating an economic boom for cities and towns where watchers can catch
  
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• Yellen says 'tough conversations' needed on China's overproduction

  07-04-2024 22:09 via foxbusiness.com
  
  Treasury Secretary Janet Yellen said Sunday during her trip to Beijing that the U.S. and China have a "duty" to manage the complex relationship between the countries responsibly and raised concerns about the impact of Chinese firms' overproduction in several key industries.Yellen met with Chinese Premier Li Qiang, the number two official in the Chinese Communist Party (CCP) behind General Secretary Xi Jinping, for 80 minutes in Beijing on Sunday and Li said the U.S. and China should be partners
  
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• Eclipse tourism sends short-term rental occupancy rates soaring

  07-04-2024 19:36 via foxbusiness.com
  
  Americans traveling to areas near the path of totality for Monday's solar eclipse have sent occupancy rates at short-term rentals soaring, according to a report by rental tracking firm AirDNA.The total solar eclipse – which NASA projects will begin Monday around 11:07 a.m. PDT on Mexico's Pacific coast before crossing through 15 U.S. states and heading into Canada – has caused occupancy rates to surge to about 88% in cities near the eclipse's path, per the report.Over 110,000 short-t
  
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• New carbon technology projects could be key to 'Big Oil' emissions cuts

  07-04-2024 19:23 via foxbusiness.com
  
  The outcome of four government-funded pilot projects could be crucial in developing technologies for Big Oil to reduce its carbon footprint and help the Biden- administration’s goal of a net-zero emissions economy by 2050. The Energy Department’s Clean Energy Demonstrations (OCED) in February allocated $304 million in taxpayer funds to new technologies designed to capture carbon dioxide emissions at power and industrial sites in Kentucky, Texas, Wyoming and Mississippi. It is pa
  
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• Game-changing new Costco item draws praise for offering flexible added home space

  07-04-2024 15:00 via foxbusiness.com
  
  For anyone who needs more space for a home office, gym or entertainment, but only has space in their backyard, one new item at Costco is drawing attention.Just last week, the retail giant unveiled the SunVilla Milton Outdoor Suite with a price tag of $4,499.99. "Transition seamlessly from your yard to your fully enclosed outdoor room through the grand sliding tempered glass double doors," the Costco Wholesale website states. "Cutting-edge aluminum composite panels paired with shatter-resist
  
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• Solar eclipse: Airbnb rentals 90% booked along path of totality

  07-04-2024 14:30 via foxbusiness.com
  
  Airbnb's business surged in recent weeks as people booked up places in time to watch the historic solar eclipse on Monday.Airbnb said listings are nearly 90% booked for the night before the eclipse along the path of totality, which is a stretch of the U.S. where the moon will completely cover the sun for a period of time. About a quarter of guests with stays in the U.S. on April 7 are booked in a spot in the eclipse’s path, according to Airbnb data. SOLAR ECLIPSE TRAVELERS GETTIN
  
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• These 5 popular fast-food chains went out of business, but why?

  07-04-2024 14:15 via foxbusiness.com
  
  If one thing rings true about the American cultural fabric, it's our enduring love affair with fast food. Over the last hundred years or so, countless fast-food chains have emerged that offer convenience, affordable fare and unique dining experiences.But as consumer preferences change over time, some franchises fail to keep up. TACO BELL, PIZZA HUT GOING 'AI-FIRST' WITH FAST-FOOD INNOVATIONSSometimes, bad business decisions bring about the downfall of a brand.Even fast-food franchises
  
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• Mike Rowe details ‘shift’ in the path to prosperity: ‘Entering a whole new time’ of smart money

  07-04-2024 13:00 via foxbusiness.com
  
  The cost of college is leading to a "shift" in the path to prosperity, according to Mike Rowe."I think we're going to be entering a whole new time, where the smart money is going to be,"  Mike Rowe told FOX Business' Stuart Varney."Go to a trade school and then learn a trade," the "Dirty Jobs" host continued, advocating for the growing shift in younger generations away from a college degree towards a career. HIGHER ED IS FACING A 'GIANT RECKONING' AS BLUE-COLLAR JOBS PREVAIL, MIKE ROWE
  
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• Powerball jackpot sits at $1.3 billion, fourth largest in game history

  07-04-2024 11:13 via foxbusiness.com
  
  The Powerball jackpot ballooned to an estimated $1.3 billion with a cash value of $608.9 million for Saturday night's drawing.The winning numbers Saturday night were: 22, 27, 44, 52, 69 and a red Powerball 9. The Power Play was 3X.This is the fourth-largest jackpot in the game's history and the eighth largest among U.S. lottery jackpots, according to a press release from Powerball.WASHINGTON'S LOTTERY TAKE DOWN MOBILE SITE AFTER WOMAN COMPLAINED APP'S AI CREATED TOPLESS PHOTO OF HEREarlier
  
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• Rise and fall of Diddy's Sean John fashion empire amid federal investigation

  07-04-2024 10:00 via foxbusiness.com
  
  Sean "Diddy" Combs' status as a mogul is wavering in the wake of the raids on his homes in Los Angeles and Miami as part of a human trafficking investigation, in addition to multiple lawsuits. One of the first brands that put Combs on the map as an entrepreneur, in addition to rapper and producer, was his Sean John fashion brand. But the brand has seemingly hit hard times.Launched in 1998, Sean John began in practically a cubicle at Combs’ label, Bad Boy Records, according to a 2018 o
  
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• Comic featuring Superman's debut sells for record-breaking $6 million

  07-04-2024 05:00 via foxbusiness.com
  
  It's a bird! It's a plane! It's the most valuable comic book in the world!A copy of the comic book that introduced the iconic Superman to the world became the world's most expensive comic book when it sold for $6 million at an auction.According to Heritage Auctions, a copy of Action Comics No. 1, the 1938 comic book featuring the first appearance of Superman, sold for $6 million at an auction on Thursday.The previous auction record was held by the CGC Near Mint+ 9.6 copy of Amazing Fantasy&
  
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• Shake Shack shades Chick-fil-A with free chicken sandwich on Sundays: 'Eat More Antibiotic-Free Chicken'

  07-04-2024 03:31 via foxbusiness.com
  
  Shake Shack appeared to throw some shade towards Chick-fil-A when announcing a free chicken sandwich only-Sunday promotion during the month of April."Here at Shake Shack, we pride ourselves on our Chicken Shack which is available 7 days a week," the fast food restaurant chain wrote in a press release, appearing to point at Chick-fil-A's closed on Sunday policy.The burger joint pointed to their antibiotic-free chicken — apparently highlighting Chick-fil-A's recent announcement that they are
  
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