Business

Wealthy homebuyers are increasingly looking to lower-tax, business-friendly states such as Texas as taxes and regulation play a bigger role in where affluent Americans choose to live and invest, according to Mauricio Umansky, founder and CEO of global brokerage The Agency."That trend is definitely happening," Umansky told FOX Business of affluent residents leaving high-tax blue cities and states. "… But not only tax friendly — business friendly."Umansky, whose firm has […]

A ticket sold in Illinois matched all six winning numbers in Wednesday's Powerball drawing to claim the $1.040 billion jackpot.The grand prize has an estimated cash value of $450.5 million and ranks as the eighth-largest Powerball jackpot ever won, according to Powerball.The largest lottery jackpot in U.S. history was won on Nov. 7, 2022, when a ticket sold in California claimed a $2.04 billion Powerball prize. A $1.817 billion Powerball […]

A fan-favorite Costco baking staple is returning to warehouse shelves after a two-year hiatus, drawing celebrations from shoppers who had been waiting for its comeback.Costco has brought back its Kirkland Signature Semi-Sweet Chocolate Chips after removing the item in July 2024, when rising cocoa costs made it difficult for the warehouse retailer to price the product competitively.The popular chocolate chips are sold under Costco’s Kirkland Signature private label. After their […]

McDonald's is moving into energy drinks, teaming with Red Bull as the fast-food giant expands its beverage lineup while working to drive more customers to its U.S. restaurants.Starting Aug. 17, participating McDonald's restaurants nationwide will sell the Red Bull Dragonberry Energizer, marking the company's entry into the energy drink category.The drink combines Red Bull with blue raspberry syrup and freeze-dried dragon fruit. Customers can substitute Red Bull Zero for a […]

Whole Foods announced Wednesday that it is recalling certain produce and prepared foods containing fresh jalapeño peppers supplied by Coast Citrus Distributors over potential salmonella contamination.The Food and Drug Administration said the recalled products were sold in 12 states and have "Best Before" dates ranging from Aug. 7 through Aug. 16.No illnesses have been reported in connection with the recalled Whole Foods products, according to the FDA.The recall includes select […]

Home Depot CEO Ted Decker is taking a temporary medical leave of absence, the company announced on Wednesday.The home improvement retailer expects Decker, who also serves as chair and president, to return "within the next few months," according to a Home Depot news release.During his absence, Senior Executive Vice President Ann-Marie Campbell will oversee Home Depot’s day-to-day operations. Chief Financial Officer Richard McPhail will oversee Home Depot's financial management and […]

The boom in weight-loss drugs may have transformed the obesity market, but Novo Nordisk’s CEO says the industry is still only scratching the surface with tens of millions of Americans potentially eligible for treatment.Novo Nordisk President and CEO Mike Doustdar joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss the adoption of GLP-1 drugs, their potential economic impact and the company’s outlook for medicines, including Wegovy."We are clearly […]

The slowing U.S. labor market is presenting more challenges for a housing sector facing affordability challenges, with would-be homebuyers struggling to save amid persistent inflation and a less dynamic employment outlook.The Bureau of Labor Statistics on Friday released the jobs report for July, which showed the U.S. economy unexpectedly shed 23,000 jobs for the month, when economists had expected a gain of around 80,000. While the unemployment rate declined to […]

Mark Walter's time as the majority owner of the Los Angeles Lakers is up after less than a year.After purchasing his stake in the organization for a $10 billion valuation in October, the Lakers were sold to American businessmen Josh Kushner and Bob Iger for a record price of over $12 billion."As lifelong NBA fans, we are deeply honored for the opportunity to become stewards of the Los Angeles Lakers, […]