Business news

• The best bitcoin alternatives

  23-05-2020 13:15 via news.yahoo.com
  
  With over 1,300 cryptocurrencies available, there are lots to pick from. Here's why these are our favorites.
  
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• How Italy’s PM Meloni sparked an economic turnaround

  03-01-2026 15:00 via foxbusiness.com
  
  When Italy’s Giorgia Meloni took the job of prime minister in 2022, the country wasn’t in good shape. But since then, the economy has bounced back in ways that few outsiders would have expected. Now the country looks healthier than either Germany or France, the two largest economies in the European Union.In 2022, Italy’s deficit was 8.1% of GDP, according to Trading Economics. Unemployment in December 2022 was 7.9%, and inflation exceeded 12%."Italy was living through a so
  
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• A look at Atlanta's first city-operated grocery store

  03-01-2026 14:00 via foxbusiness.com
  
  Atlanta's first government-operated grocery store, Azalea Fresh Market, has had a successful start, according to city officials. The community-driven grocery store, funded by taxpayers, is located in the downtown area long considered a food desert. City of Atlanta, Invest Atlanta, IGA and Savi Provisions collectively worked together to develop the store, which has served tens of thousands of customers since opening last fall.Atlanta Mayor Andre Dickens told Black Enterprise that the store s
  
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• Berkshire Hathaway shares drop as Warren Buffett era ends after 60 years as CEO with Greg Abel taking over

  02-01-2026 22:41 via foxbusiness.com
  
  Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run.The 95-year-old officially stepped down Thursday, and successor Greg Abel, who started at Berkshire in 2000 and served as vice chairman of its board of directors, took over Friday.In afternoon trading Friday, Class A shares of Berkshire Hathaway had fallen 1.5% by 3 p.m. ET.In Warren’s last year as CEO, the conglomerate gained 10.9%, according to CNBC.BUFFETT SPARKS UNITEDHEALTH'S BIGGEST
  
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• Despite pause, U.S. tariffs leave furniture, cabinet makers 'in dire straits': industry association

  02-01-2026 22:39 via cbc.ca
  The Canadian Kitchen Cabinet Association says while it welcomes U.S. President Donald Trump's postponement of tariff increases on furniture, cabinets and vanities that were set for Jan. 1, the industry is still being devastated by the existing duties.
  
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• Israeli tech CEO calls on US govt to 'limit' First Amendment,' take control of social media to prevent 'lies'

  02-01-2026 22:30 via foxbusiness.com
  
  Israeli billionaire tech entrepreneur and Cato Networks co-founder Shlomo Kramer argued on Monday’s episode of CNBC’s "Money Movers" that governments must restrict freedom of speech in the age of AI.Israeli Prime Minister Benjamin Netanyahu met with President Donald Trump Monday at his Mar-a-Lago estate, weeks after a top Israeli defense official warned the world is soon to face its first cyber-based war. This meeting between Trump and Netanyahu comes amid growing debate within some
  
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• Bill Ackman slams California wealth tax as ‘expropriation’ of private property

  02-01-2026 19:35 via foxbusiness.com
  
  Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been tried.Ackman, who is not a California resident, took to X earlier this week to criticize the proposal which, if approved by voters, would impose a one-time 5% tax on the assets of California residents worth more than $1 billion."I am opposed to wealth taxes because they effectively represent a
  
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• Trump advisor predicts Miami will dethrone NYC as financial capital under new progressive mayor

  02-01-2026 18:55 via foxbusiness.com
  
  Trump's Crypto Czar David Sacks is predicting that Miami will dethrone New York City as the nation's financial capital following the swearing-in of socialist Zohran Mamdani as the city’s 111th mayor.Sacks, a venture capitalist that was appointed as Trump's influential advisor on artificial intelligence and cryptocurrency, said in a post on X that if progressive policies continue, it will drive New York's capital and talent to migrate to the "Sunshine State."Miami Mayor Francis X. Suarez re
  
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• Goodfood's licence suspended by Canadian Food Inspection Agency

  02-01-2026 18:32 via cbc.ca
  The Canadian Food Inspection Agency has suspended the Safe Food for Canadians licence ofGoodfood — a Montreal-based meal kit and grocery delivery service.
  
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• Gold, silver shined in 2025, can the luster hold in 2026?

  02-01-2026 18:21 via foxbusiness.com
  
  Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms chased the run-up. The precious metal, which sat at $2,606 last December, rallied over 66% in 2025, hitting a series of new highs, settling around the $4,325 level at year-end.Looking ahead, firms, including Bank of America, see the yellow metal reaching $5,000 an ounce due to continued central bank buying, rising deficits tied to U.S. fiscal policy and a weaker
  
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• Ex-Treasury official says Trump's economic policies set to pay off this year

  02-01-2026 16:59 via foxbusiness.com
  
  Michael Faulkender, the former deputy secretary of the U.S. Department of Treasury, believes it’s too early to doubt President Donald Trump’s record on the economy."I think we should recognize how well it set the foundation next year," Faulkender said of the administration’s record in an appearance on Fox Business' "Kudlow" on New Year's Eve.With 2025 in the rearview mirror, Faulkender believes the changes the administration made in its first year will disprove criticisms from
  
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• Tesla loses its crown as world's biggest electric vehicle maker to Chinese rival BYD

  02-01-2026 16:01 via cbc.ca
  Tesla lost its crown as the world's bestselling electric vehicle maker on Friday, as a customer revolt over Elon Musk's right-wing politics and stiff overseas competition pushed sales down for a second year in a row.
  
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• Thousands of public, private sector workers will be working from the office again in 2026

  02-01-2026 15:13 via cbc.ca
  The new year will bring some big changes to the rules on in-office work for many employees across the country, including tens of thousands of provincial government staff in Ontario and Alberta, who will soon be required back in the office full time.
  
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• Widening K-shaped economy pattern across income groups

  02-01-2026 13:30 via foxbusiness.com
  
  The U.S. is showing signs of a "K-shaped" economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of America Institute shows.Internal data detailed in the report showed that in November the three-month average of total card spending reflected a K-shaped pattern as the holiday season began in earnest."In terms of overall credit and debit card spending, we've really seen a divergence open up since
  
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• Trump administration scales back proposed tariffs on Italian pasta makers following review

  02-01-2026 01:51 via foxbusiness.com
  
  The U.S. is backing off proposed tariffs that threatened to deal a major blow to Italy's pasta industry, reducing duties on several leading producers.After an investigation into allegations that Italian pasta was being sold in the U.S. at unfairly low prices, officials found exporters had addressed many concerns, prompting a rollback of proposed tariffs on 13 companies, a U.S. Department of Commerce official told Reuters."[Our] post-preliminary analysis indicates that Italian pasta makers have a
  
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• Luxury automaker recalls more than 173,000 vehicles in the US over rearview camera issue

  01-01-2026 22:21 via foxbusiness.com
  
  Porsche is recalling 173,538 vehicles in the U.S. due to a defect that could cause rearview cameras to go dark while drivers are backing up.The recall covers select 2019-2025 Cayenne and Cayenne E-Hybrid models, 2020-2025 911 and Taycan vehicles and 2024-2025 Panamera and 2025 Panamera E-Hybrid models, according to the National Highway Traffic Safety Administration (NHTSA)."A rearview image that does not display properly reduces the driver's view behind the vehicle, increasing the risk of a cras
  
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• Year in review: How President Trump’s economic agenda is shaping up so far

  01-01-2026 19:04 via foxbusiness.com
  
  President Donald Trump's economic agenda has produced a mixed but closely watched set of results so far. Economic growth has picked up, inflation has cooled from recent highs and major policy changes have begun to reshape the outlook for businesses and households. Not to mention a strong year for U.S. stocks, with the S&P 500, the broadest measure of the stock market, ending 2025 with a gain of 17%. Here’s a look at the key developments defining Trump’s economy to date.
  
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• IRS guidance for Trump's 'no tax on tips' and overtime deductions: What to know

  01-01-2026 14:01 via foxbusiness.com
  
  The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on overtime" provisions of the One Big Beautiful Bill Act (OBBBA), for workers who can claim the deductions for the 2025 tax year.President Donald Trump signed the OBBBA into law in July after Republican majorities in Congress passed the tax reform and spending bill on a party-line vote this s
  
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• Oil and gas prices expected to stay significantly lower through 2026

  01-01-2026 14:00 via foxbusiness.com
  
  Oil and gasoline prices are expected to decline next year, according to a recent forecast from the Energy Information Administration (EIA).The EIA published its Short-Term Energy Outlook in November, which projected that the price of Brent crude oil will decline from $69 a barrel in 2025 to $55 a barrel next year. That would be well below the $81 per barrel that prevailed in 2024.Gas prices are also projected to continue their decline into next year. Retail gas prices averaged $3.30 a gallon in
  
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• Canada's grocery code of conduct kicks in today, with buy-in from 5 major grocers

  01-01-2026 10:00 via cbc.ca
  The voluntary grocery code of conduct for grocers, suppliers, wholesalers and primary producers in Canada is set to fully roll out on Thursday.
  
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• Canada's grocery code of conduct kicks in Jan. 1, with buy-in from 5 major grocers

  01-01-2026 10:00 via cbc.ca
  The voluntary grocery code of conduct for grocers, suppliers, wholesalers and primary producers in Canada is set to fully roll out on Thursday.
  
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• Sprinkles Cupcakes permanently closing all stores after 20 years in operation, founder says

  01-01-2026 01:45 via foxbusiness.com
  
  Sprinkles Cupcakes, the bakery chain best known for its cupcake ATMs, is permanently closing all of its stores.Candace Nelson, the company's founder and former owner, confirmed the shutdown in an Instagram video, saying Wednesday, Dec. 31, marked Sprinkles' "final day" of operations."A few days ago, I learned that Sprinkles Cupcakes, the company I started in 2005 and then sold to private equity in 2012, will be closing its bakery doors today," Nelson said. "Just to say that out loud is completel
  
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• Jeff Bezos and Lauren Sánchez Bezos celebrate holidays with luxury trips to Aspen and St. Barts

  31-12-2025 23:06 via foxbusiness.com
  
  Jeff Bezos and his wife Lauren Sánchez Bezos celebrated the holidays in high style, splitting time between Aspen and St. Barts.The Amazon founder, 61, and the media personality, 56, were photographed several times in the ski town of Aspen, Colorado, in the days leading up to Christmas before jetting off to the Caribbean to ring in the new year, according to Page Six. The newlyweds, who tied the knot in Venice earlier this summer, were spotted smiling on Dec. 22 during a daytime outin
  
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• Craig's Cookies workers vote to unionize at 5 Toronto stores as franchise expands nationally

  31-12-2025 21:37 via cbc.ca
  Nearly 90 employees of Craig’s Cookies have voted to unionize across five shops in Toronto as the Canadian cookie chain expands nationally. 
  
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• Palantir CEO Alex Karp nabs Aspen-area ranch for $120M

  31-12-2025 21:24 via foxbusiness.com
  
  Palantir CEO Alex Karp bought Colorado's St. Benedict's Monastery, once home to Trappist monks, for a hefty $120 million. The Aspen-area ranch will become the latest in his growing list of real estate holdings. The property is located in Snowmass, Colorado, which is about 30 minutes from Aspen, and was originally asking $150 million when it went on the market last year, Ken Mirr of Mirr Ranch Group, one of the listing agents, told The Wall Street Journal. PALANTIR CEO SAYS FENTANY
  
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• Court rules Trump administration must fund consumer finance watchdog

  31-12-2025 21:17 via foxbusiness.com
  
  A federal judge ruled Tuesday that the Trump administration is legally required to secure funding for the U.S. Consumer Financial Protection Bureau (CFPB), and that failing to do so would violate a prior court order barring the government from dismantling or shutting down the agency.In the 32-page ruling, U.S. District Judge Amy Berman Jackson rejected the administration's claim that it was legally barred from funding the agency, saying the administration’s rationale was "a legally baseles
  
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• Nearly half of Americans feel financially behind as 2025 comes to a close, poll shows

  31-12-2025 20:52 via foxbusiness.com
  
  Nearly half of Americans say they feel they are falling behind financially as inflation continues to strain household budgets, according to a new Fox News poll.The poll found 44% of respondents believe their personal finances are slipping, a sentiment echoed by shoppers on Chicago’s Magnificent Mile, who told FOX Business they plan to rein in spending and save more in 2026.FOX NEWS POLL: AS PRICES PINCH, VOTERS SEE TRUMP FOCUSED ELSEWHEREFOX Business correspondent Kelly Saberi spoke with p
  
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• Mortgage rates hit 2025 low as homebuyers catch a break

  31-12-2025 19:36 via foxbusiness.com
  
  Homebuyers can usher in 2026 with a little relief as mortgage rates fell to the lowest level of 2025 in the final report of the year. Freddie Mac's latest Primary Mortgage Market Survey, released Wednesday, showed the average rate on the benchmark 30-year fixed mortgage decreased to 6.15% from last week's reading of 6.18%. The average rate on a 30-year loan started the year around 7%. "After starting the year close to 7%, the average 30-year fixed-rate mortgage moved to its lowest
  
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• Trump narrows Fed chair picks, January decision expected

  31-12-2025 14:00 via foxbusiness.com
  
  Ahead of the New Year's holiday, President Donald Trump said he will make a decision on who he wants to lead the Federal Reserve by January. Current Chair Jerome Powell's term expires in May 2026, and he has made it clear he will fulfill his obligation running the central bank. This week, Trump continued his verbal assault of Powell, who he again called "too late" for failing to cut interest rates at a faster pace. He also called him "a fool" and criticized him for the renovation of th
  
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• How a good old fashioned boycott got Canada to trade Kentucky bourbon for Canadian whisky

  31-12-2025 10:00 via cbc.ca
  The aromatic, spicy and sometimes smoky flavour of a smooth, Kentucky bourbon has been but a memory for consumers in this country ever since the spirit was caught in the crossfire of U.S. President Donald Trump's tariff war and annexation sabre-rattling. As a result, angry Canadians have united behind a 'Buy Canadian' movement that experts say is elevating our own whiskies.
  
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