Business news

• Trade optimism, earnings power Wall Street to fresh record high

  15-11-2019 16:45 via news.yahoo.com
  
  Shares in Applied Materials Inc jumped 9.2% and pushed the Philadelphia Semiconductor index to an all-time high after the chip gear maker forecast first-quarter results above estimates.White House economic adviser Larry Kudlow said late on Thursday that the world's two largest economies were getting close to a trade agreement, citing what he called very constructive talks with Beijing.Adding to the upbeat mood, Commerce Secretary Wilbur Ross said there would be a call between U.S. and Chinese of
  
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• Air Transat pilots vote to ratify new five-year deal

  06-01-2026 20:31 via cbc.ca
  91 per cent of Air Transat pilots who voted agreed to ratify a new five-year employment contract with the airline. The union and company reached the tentative deal in December, narrowly avoiding a strike.
  
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• Nestlé recall of some baby formulas does not apply to Canadian products, company says

  06-01-2026 19:38 via cbc.ca
  Nestlé voluntarily recalled a number of baby formula batches due to potential contamination with a toxin that can cause severe vomiting and nausea. The recall applies to products sold in a number of countries, mostly within Europe, but the company says Canada is not affected.
  
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• Ford's annual U.S. sales rise 6% on strong sales for affordable trucks and hybrid cars

  06-01-2026 18:03 via cbc.ca
  Slowing sales of electric vehicles were offset by an uptick in demand for its more affordable Maverick truck, and for hybrid vehicles.
  
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• More oil production in Venezuela could hurt Canada's oilpatch

  06-01-2026 10:00 via cbc.ca
  A regime change in Venezuela could both help that country regain its former prominence as an oil producer and pose a threat to Canada’s industry, which is producing record amounts of oil and is expected to continue to grow for several more years.
  
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• Hilton distances itself from Minneapolis hotel after ICE agents denied rooms

  06-01-2026 00:45 via foxbusiness.com
  
  Hilton Hotels said it is investigating an independently owned Minneapolis-area property after the Department of Homeland Security (DHS) alleged law enforcement officers were refused service, a dispute that has renewed scrutiny of the company’s long-standing opposition to immigration-related activity at its hotels.Emails shared on social media by DHS and U.S. Immigration and Customs Enforcement (ICE) appear to show staff at the Hampton Inn by Hilton Lakeville, Minnesota, telling people link
  
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• LARRY KUDLOW: Trump’s freedom corollary to the Monroe doctrine

  05-01-2026 23:56 via foxbusiness.com
  
  Just in case you missed it, President Trump just updated the Monroe Doctrine, with a clear-headed legal case, and an incredibly well-executed military action to take out Venezuela’s communist strongman and his wife. I believe that Mr. Trump is exactly right to bend the arc of history back toward freedom. It’s a great and noble mission. And here is Mr. Trump’s definition of it.Asked by a reporter "If you had to sum up Operation Absolute Resolve, would you say that it was ab
  
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• Disney World rocked by latest tragedy as man found dead in parking garage on premises

  05-01-2026 22:07 via foxbusiness.com
  
  This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).Officials announced that a man was found dead at Disney World on Friday night, rocking the resort as the latest tragedy in a string of deaths reported in recent months.Orange County Sheriff's Office (OCSO) told FOX Business Monday that the death is being investigated as a possible suicide.The incident occurred in the Orange Garag
  
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• AT&T plans new to build new headquarters outside of Dallas

  05-01-2026 21:09 via foxbusiness.com
  
  AT&T is planning to build a new corporate headquarters outside downtown Dallas in the suburban city of Plano, the company said in a letter to employees on Monday.CEO John Stankey said in a letter to AT&T employees that the company plans to relocate its headquarters, which has been in Dallas since 2008, to a location near the Legacy West food and shopping district in Plano.The new headquarters will be situated on 54 acres of land that previously served as the headquarters of Electronic Da
  
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• Canadian energy stocks tumble after U.S. incursion in Venezuela

  05-01-2026 20:03 via cbc.ca
  North American oil prices climbed by more than one per cent on Monday following the upheaval in Venezuela over the weekend, while stock prices of some large Canadian oil and gas companies have fallen.
  
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• Maduro’s capture puts Cuba’s Venezuelan oil-dependent economy at risk

  05-01-2026 19:59 via foxbusiness.com
  
  The U.S. military operation to apprehend and remove Venezuelan leader Nicolás Maduro from power could put pressure on Cuba's economy as the communist country reels from the loss of a key economic and security partner.Maduro was captured alongside his wife over the weekend after President Donald Trump ordered the operation to take the couple into custody on charges related to a narcoterrorism conspiracy.The ouster of Maduro threatens to unwind an economic partnership that was establis
  
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• Marcus Lemonis named Bed Bath & Beyond CEO, details future plans for retailer

  05-01-2026 19:29 via foxbusiness.com
  
  Bed Bath & Beyond on Monday named Executive Chairman Marcus Lemonis as its new chief executive.In a letter to shareholders on Monday, Lemonis, who will continue serving as executive chairman, outlined plans to help the company cut costs and pursue expansion opportunities, including acquisitions. CAN BED BATH & BEYOND PULL OFF A COMEBACK?"I have always felt that home ownership is a bedrock of the American Dream. Whether someone is renting their first apartment, living in student hous
  
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• Venezuela's billions in distressed debt: Who is in line to collect?

  05-01-2026 19:01 via foxbusiness.com
  
  The toppling of Nicolas Maduro has thrust Venezuela's debt crisis - one of the world's largest unresolved sovereign defaults - into the limelight.Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after missing payments on international bonds issued by the government and state oil company, Petroleos de Venezuela, known as PDVSA.Since then, accumulated interest and legal claims tied to past expropriat
  
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• Oil experts predict slight rise in gas prices as global tensions mount

  05-01-2026 18:08 via foxbusiness.com
  
  Geopolitical uncertainty combined with the loss of Venezuelan exports could push oil and gasoline prices slightly higher in the weeks ahead, according to an industry expert. Still, prices at the pump would remain at their lowest levels since the COVID-19 pandemic.Andy Lipow, president of Lipow Oil Associates, projected that oil would rise $3 per barrel in the immediate future, equivalent to less than 10 cents per gallon for gasoline. Still, he said that crude oil prices, which account for nearly
  
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• America needs AI manufacturing speed to prevent global conflict and outpace adversaries, Palantir CTO says

  05-01-2026 17:13 via foxbusiness.com
  
  The missing piece of America’s defense system is AI-driven industrial speed — not just weapons, according to one prominent tech executive, but the ability to build them fast enough to matter."There is a historic opportunity for America to underwrite the next decade of our prosperity with AI," Chief Technology Officer of Palantir Shyam Sankar said on "Mornings with Maria" Monday. "The other element of deterrence is really the factory floor. It's, how do we make our weapons, our platfo
  
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• Sushi chain owner pays $3.2M for massive bluefin tuna

  05-01-2026 16:31 via foxbusiness.com
  
  A Japanese sushi chain shattered records Monday by paying a staggering $3.24 million (510 million yen) for a single bluefin tuna at Tokyo’s famed New Year fish auction.The top bidder for the prized 536-pound tuna was Kiyomura Corp., the Tokyo-based operator of popular sushi restaurant chain Sushi Zanmai. The bid broke Kiyomura's previous record of $2.1 million (333.6 million yen) in 2019.Kiyomura owner Kiyoshi Kimura told reporters that he did not expect to pay so much for the fish, but "t
  
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• Starlink provides free internet to Venezuela following US arrest of Nicolás Maduro

  05-01-2026 01:59 via foxbusiness.com
  
  Starlink said Sunday it is offering free broadband internet service in Venezuela through Feb. 3, citing efforts to maintain connectivity after U.S. forces arrested President Nicolás Maduro during a military operation.The satellite internet provider announced the move in a post on X that was also shared by company owner Elon Musk, who has increasingly positioned Starlink as a communications lifeline during crises."In support of the people of Venezuela," Elon Musk wrote.The announcement cam
  
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• US now in control of Venezuela's oil reserves, the largest in the world: Chart

  05-01-2026 00:55 via foxbusiness.com
  
  Following the dramatic capture of Venezuelan President Nicolás Maduro, the U.S. is now positioned to exert significant influence over the future of the world’s largest oil reserves.Venezuela, a country almost twice the size of California, sits atop extraordinary wealth. At more than 300 billion barrels, Venezuela holds larger proven oil reserves than established energy heavyweights like Saudi Arabia, Iran and Kuwait.The Latin American country is home to an estimated 300 billion
  
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• After Maduro, Venezuela faces hard choices to rebuild its shattered economy

  04-01-2026 17:53 via foxbusiness.com
  
  Over the weekend, U.S. special forces executed a daring raid on Caracas, capturing the now-former dictator of the country, Nicolás Maduro, and his wife, subsequently taking them to New York, where both were indicted on multiple charges, including narco-terrorism conspiracy and cocaine importation conspiracy.What next? After Maduro was captured, President Donald Trump said the U.S. would initially take over the administration of Venezuela. "We will run the country until such time as we can
  
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• US oil giants mum after Trump says they’ll spend billions in Venezuela

  04-01-2026 17:11 via foxbusiness.com
  
  American energy firms have yet to say whether they plan to return to Venezuela to resurrect an oil industry hollowed out by years of neglect.Chevron, the only U.S. energy titan operating in Venezuela, said in a statement to Fox News Digital that it was following "relevant laws and regulations.""Chevron remains focused on the safety and well-being of our employees, as well as the integrity of our assets," a Chevron spokesperson added.‘WE BUILT VENEZUELA’S OIL INDUSTRY:’ TRUMP VO
  
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• 'We built Venezuela’s oil industry:' Trump vows US energy return after Maduro's capture

  03-01-2026 19:04 via foxbusiness.com
  
  President Donald Trump pledged a U.S. return to Venezuela’s oil industry following the stunning predawn capture of Venezuelan President Nicolás Maduro, accusing the country’s socialist government of seizing American energy assets and dismantling an industry built with U.S. investment."We built Venezuela’s oil industry with American talent, drive and skill, and the socialist regime stole it from us," Trump said during a news conference at Mar-a-Lago in Palm Beach, Florida
  
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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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