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• Alibaba Revenue Misses Views, Shares Fall

  29-01-2015 13:14 via feeds.foxbusiness.com
  
  Alibaba's December-quarter revenue fell short of Wall Street expectations, showing signs of a slowdown in the Chinese e-commerce company's growth during the hard-fought holiday shopping season.
  
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• Startups aim to bring EV charging to apartment and condo dwellers

  04-05-2025 10:00 via cbc.ca
  
  Many people won't buy an EV if they don't have a place to charge at home – and many apartment and condo dwellers don't. But some Canadian startups have come up with solutions to make it easier to install EV charging in multi-family buildings, from smart plugs to robots. Here's a closer look.
  
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• Business leaders react to Warren Buffett stepping down as CEO of Berkshire Hathaway: ‘Only G.O.A.T’

  04-05-2025 03:39 via foxbusiness.com
  
  Business leaders reacted on Saturday after Warren Buffett announced that he plans to step down as CEO of Berkshire Hathaway following decades of leading the conglomerate. "There’s never been someone like Warren, and countless people, myself included, have been inspired by his wisdom," Apple CEO Tim Cook wrote on X. "It’s been one of the great privileges of my life to know him. And there’s no question that Warren is leaving Berkshire in great hands with Greg."Buffett named&
  
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• Target pulls the plug on self-checkout amid shoplifting surge, and customers are fuming

  04-05-2025 03:13 via foxbusiness.com
  
  Self-checkout is checking out, and Target shoppers are not happy about it.Target has pulled the plug on many of its self-checkout machines. The retailer announced it will now limit self-checkout to customers with 10 items or fewer. Those with fuller carts will be directed to staffed checkout lanes, which the company says it is expanding to improve efficiency. According to Target, internal pilot tests showed the new policy improved speed and customer satisfaction at select stores. But i
  
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• Chinese community leader-businessman in New York convicted as illegal agent of the CCP in 'Fox Hunt' scheme

  04-05-2025 00:32 via foxbusiness.com
  
  A prominent Chinese businessman in New York was sentenced to 20 months in federal prison for illegally acting as an agent of the Chinese Communist Party, according to the U.S. Department of Justice.Quanzhong An, a permanent U.S. resident and influential figure in Queens’ Chinese business community, pleaded guilty in March to participating in a yearslong campaign to pressure a Chinese expatriate, identified in DOJ filings as "John Doe-1" and reported by The Wall Street Journal to be Liu She
  
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• Warren Buffett to step down as CEO of Berkshire Hathaway by end of the year

  03-05-2025 20:37 via foxbusiness.com
  
  Warren Buffett said on Saturday that he plans to step down by the end of this year as CEO of Berkshire Hathaway. The billionaire investor named Greg Abel, who is vice chairman, as his replacement. "I think the time has arrived where Greg should become the chief executive of the company at year end," Buffett said at Berkshire's annual shareholders meeting in Omaha, Nebraska.Abel, 62, has been vice chair since 2018. BUFFETT CRITICIZES TRUMP'S TARIFFS ROLLOUT, SAYS US SHOULDNT &lsquo
  
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• Warren Buffet announces intention to retire from Berkshire at the end of the year

  03-05-2025 20:35 via cbc.ca
  
  Buffett's decision to step down caps a remarkable 60-year run where he transformed Berkshire from a failing textile company into an enormous conglomerate with businesses across the U.S. economy.
  
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• Buffett criticizes Trump's tariffs rollout, says US shouldn’t use 'trade as a weapon'

  03-05-2025 18:40 via foxbusiness.com
  
  Legendary investor Warren Buffett railed against President Donald Trump’s tariffs on Saturday and the tumultuous way in which the president has rolled them out. Buffett, 94, the chairman and CEO of Berkshire Hathaway, criticized the Trump administration’s use of tariffs as a trade strategy, arguing that employing trade as a "weapon" has antagonized international relations and destabilized global markets. "Balanced trade is good for the world," and "trade shou
  
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• Marriott CEO says 'the right thing' about DEI, gets 40,000 emails in response

  03-05-2025 18:00 via foxbusiness.com
  
  A hotel industry’s top exec has revealed the overwhelming positive support he’s received after tackling diversity, equity and inclusion (DEI) head on.During the Great Place to Work for All Summit last week, Marriott CEO and President Anthony Capuano spoke to the crowd about the cultural and workplace shifts on DEI and reflected on a moment he was met with unexpected encouragement from tens of thousands of emails from coworkers."The day the [DEI] executive order came out, I sat with o
  
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• Walmart supports small businesses, American-made products through new 'Grow With US' initiative

  03-05-2025 17:09 via foxbusiness.com
  
  Walmart is showing increased support for American-made products through its "Grow With US" initiative, a new program aimed at providing U.S. small business owners with the training, mentorship and resources they need to succeed."Walmart is making it easier for U.S.-based entrepreneurs to navigate the complexities of retail and bring their products to a national stage," the world's largest retailer said in an announcement.WALMART LEANING INTO TARIFF UNCERTAINTY: 'POSITIONED TO PLAY OFFENSE'Grow W
  
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• Italian food company unveils refreshed premium pasta line with Beckham kin serving as voice, face

  03-05-2025 16:54 via foxbusiness.com
  
  Beloved pasta brand Barilla has refreshed its Al Bronzo line and scaled the catalog to include two new pasta types, Orecchiette and Fusilloni.Barilla, the leading pasta brand in the U.S., according to Statista, relaunched the Al Bronzo line with celebrity influencer and food connoisseur Brooklyn Peltz Beckham, at the epicenter of tasty Italianate dishes curated around the bronze-cut macaroni."We’re very excited to be working with Brooklyn," Angie Cotter, U.S. Pasta Marketing Director at Ba
  
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• Activist athletics wear brand mocks Nike for billboard blunder, other past controversies

  03-05-2025 16:09 via foxbusiness.com
  
  The sportswear juggernaut Nike is facing widespread scrutiny after one of its London billboards had to be removed over holocaust comparisons, and a recent New York Times article reported that the company is allegedly funding a child transgender athletes study.So, a startup competitor joined in, and taking aim at Nike and other controversies in its past, for marketing purposes. The women's activist wear brand XX-XY Athletics released an advertisement this week titled "Buy Nike? Maybe just do
  
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• 'Scream' star Neve Campbell's LA home on the market for $4.2M

  03-05-2025 14:00 via foxbusiness.com
  
  Neve Campbell is ready to part ways with her Los Angeles home.The "Scream" star has put her home in Sherman Oaks on the market for $4.287 million, in partnership with listing agents Richard Yohon of Sotheby’s International Realty – Los Feliz Brokerage and Konstantine Valissarakos of Nourmand & Associates.Originally built in 1925, the home sits on 0.39 acres of secluded land, hidden behind a stone gate and tall trees on every side, including native redwoods and fruit trees, which
  
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• Billionaire businessman buys mansion in Florida for $85M

  03-05-2025 14:00 via foxbusiness.com
  
  A roughly 17,000-square-foot home in Naples, Florida, was scooped up in a recent eight-figure transaction, setting a record for the county in the process.The mansion, located in the wealthy Port Royal neighborhood of Naples, went for a whopping $85 million, according to The Agency Naples and Gulf Coast International Properties.The Agency Naples’ Chris Resop and Gulf Coast International Properties’ Timothy Savage were both involved in the deal, representing the seller and buyer. 
  
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• Trump's 'golden age' is inspiring Kid Rock to make big gamble on stocks

  03-05-2025 13:00 via foxbusiness.com
  
  Music legend Kid Rock believes President Donald Trump is ushering in America's first "golden" age of the 21st century. "I believe the goldenest of all golden ages is coming to America," Kid Rock professed during an appearance on "Varney & Co.""I couldn't be more excited, to not only be here to witness it, but more excited really for my son and my grandchildren. What this could do for their futures one day, after God calls me home."TRUMP URGES 'BE PATIENT' ON THE ECONOMY, PREDICTS 'BOOM.
  
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• One year after the Trans Mountain Pipeline expansion, why isn't it full?

  03-05-2025 10:00 via cbc.ca
  
  The Canadian oilpatch has a brand-new pipeline, something it's pleaded for year after year, and it offers a relatively quick route to the West Coast and overseas markets. But a year in, the newly expanded Trans Mountain Pipeline still isn’t running at full capacity — though the CEO of the Crown corporation says he doesn’t think it’s a problem.
  
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• People are choosing the path less traveled for vacations this year, studies show

  03-05-2025 04:58 via foxbusiness.com
  
  It’s out with the hotspots and in with the path less traveled. Choosing the more local and affordable destinations is the travel trend for this summer, at least according to a recent Airbnb study. The CasaBlanca Resort and Casino in Mesquite, Nevada, is a perfect example.It’s gotten so busy in recent years that the resort is undergoing a multi-million-dollar renovation this summer to keep up with demand.ARTIFICIAL INTELLIGENCE TRANSFORMING THE
  
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• United Airlines cutting flights at Newark due to disruptions, tech issues, FAA staffing shortages

  03-05-2025 02:55 via foxbusiness.com
  
  United Airlines will cancel 35 round-trip flights per day at Newark Liberty International Airport in New Jersey after thousands of passengers faced lengthy delays this week, CEO Scott Kirby said Friday.Kirby blamed the disruption on air traffic control staffing shortages and technology issues with the Federal Aviation Administration. "It's disappointing to make further cuts to an already reduced schedule at Newark, but since there is no way to resolve the near-term structural FAA staff
  
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• IRS says tax collection is more efficient this year, and receipts are up more than 5%

  02-05-2025 23:48 via foxbusiness.com
  
  The Treasury Department wants to make the IRS more efficient under the Trump administration.And IRS data shared with FOX Business indicates total tax receipts for this tax filing season have increased 5% from last year. Additionally, the total number of tax returns processed is up 1.5%."We are making Treasury efficient again. This isn't just words on paper. The data backs the great work that we're doing to make sure that the IRS works for the American people, not against them," Deputy
  
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• Trump energy chief touts $24B in consumer savings by striking appliance regulations

  02-05-2025 23:00 via foxbusiness.com
  
  Energy Secretary Chris Wright toured a Rinnai America Corporation tankless water heater factory in South Georgia on Friday to mark 100 days of the Trump administration and the $24 billion his agency said has saved American consumers from regulatory changes it's made.The Energy Department first postponed the rule set into motion under the Biden administration, then Congress passed a bill via the Congressional Review Act (CRA) in April to codify the changes, according to a source familiar with the
  
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• Trump's stablecoin chosen for $2 billion Abu Dhabi investment in Binance, co-founder says

  02-05-2025 22:52 via foxbusiness.com
  
  A stablecoin launched by Donald Trump's World Liberty Financial crypto venture is being used by an Abu Dhabi investment firm for its $2 billion investment in crypto exchange Binance, one of World Liberty's co-founders said on Thursday.It's the latest in a series of Trump family crypto-related ventures, including a "meme coin" launched in January, that have drawn criticism from government ethics experts and political opponents over potential conflicts of interest.World Liberty, which aims to allo
  
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• Spotify updating app for US users after court ruling in Apple case

  02-05-2025 21:40 via foxbusiness.com
  
  Streaming giant Spotify on Friday announced that Apple approved an app update it submitted to revise how the music streaming service displays its pricing information and purchase links after a judge ordered the iPhone maker to give app developers more ability to communicate with their customers.A federal judge on Wednesday issued an order that found Apple was in "willful violation" of a 2021 injunction and was now required to stop restricting how app developers can communicate information to app
  
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• The beginning of Trump's 'golden age' is here and putting 'more money' in your pocket, labor secretary says

  02-05-2025 18:52 via foxbusiness.com
  
  The Trump administration is reportedly feeling good after a better-than-expected April jobs report, as Labor Secretary Lori Chavez-DeRemer claims this marks the beginning of a new golden age."With President Trump at the helm, I'm telling you, he mentioned to the American people over and over again that the golden age was coming. I will tell you, the golden age is here," the secretary said Friday on "Varney & Co.""This is another great jobs report, exactly what the market expected, better tha
  
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• Jeff Bezos to sell nearly $5B of Amazon stock

  02-05-2025 17:44 via foxbusiness.com
  
  Jeff Bezos will offload up to 25 million Amazon shares, according to a new Securities and Exchange Commission (SEC) filing.Amazon said Friday in its quarterly report filed with the SEC that its billionaire founder adopted a trading plan "intended to satisfy Rule 10b5-1(c)" early last month to part ways with up to that many shares. The 25 million Amazon shares had a value of over $4.7 billion as of Friday morning. The plan enables Bezos, who founded Amazon more than three decades ago an
  
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• Canada Post workers could strike again soon. Here's why

  02-05-2025 17:43 via cbc.ca
  
  The union representing workers and Canada Post were back at the bargaining table this week, trying to hash out a deal before their collective agreement extension expires on May 22.
  
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• Aritzia plans to move some of its production away from China amid tariff threats

  02-05-2025 16:50 via cbc.ca
  
  The Vancouver-based apparel company said Thursday that the Asian nation is one of the top three countries it relies on to make its clothing. They plan to cut Chinese production to about 20 per cent for the fall-winter season, before reducing their reliance on China even further by next spring.
  
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• Trump admin releases budget blueprint in push for defense spending boost

  02-05-2025 16:30 via foxbusiness.com
  
  President Donald Trump's administration on Friday is set to release its "skinny" budget blueprint that outlines topline spending figures from the White House, which is expected to reflect a bigger request for the defense budget.Senior officials at the Office of Management and Budget (OMB) exclusively told FOX Business that the overall discretionary budget will be $1.7 trillion. The discretionary budget excludes spending on Medicare and Medicaid, as well as Social Security and interest on the deb
  
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• Trump again says Fed should lower interest rates after better-than-expected jobs report

  02-05-2025 15:13 via foxbusiness.com
  
  President Donald Trump on Friday once again called on the Federal Reserve to lower interest rates.Trump cited lower gasoline and grocery prices and strong employment numbers. His comments came after the Labor Department released April jobs data that showed the U.S. economy added a better-than-expected 177,000 jobs in the month."Gasoline just broke $1.98 a Gallon, lowest in years, groceries (and eggs!) down, energy down, mortgage rates down, employment strong, and much more good news, as Billions
  
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• US job growth cooled in April amid economic uncertainty

  02-05-2025 14:31 via foxbusiness.com
  
  The U.S. economy added jobs in April at a slower pace than a month ago amid uncertainty over economic conditions as well as tax and trade policy.The U.S. Department of Labor on Friday reported that employers added 177,000 jobs in April. That figure was above the estimate of economists polled by LSEG, though it was cooler than the 185,000 added in March — which was initially announced as a gain of 228,000.The unemployment rate was 4.2%, unchanged from a month ago and in line with
  
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• Oil prices are down over last 6 months: what does it mean for gas prices?

  02-05-2025 14:16 via foxbusiness.com
  
  Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last time oil dropped below $60 a barrel was in early April 2021. Gas prices, however, have risen slightly since January, up approximately 10 cents per gallon, according to the U.S. Energy Information Administration. Still, they are 50 cents lower than they were a year ago. As President Donald Trump crosse
  
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