Business

Cryptocurrency giant Binance said Thursday that a major security incident had an estimated total impact of approximately $6.3 billion, with $3 billion already frozen, as the exchange temporarily suspended deposits and withdrawals and pledged to cover customer losses.In a statement to FOX Business, a Binance spokesperson said the company was working to resolve the incident and had temporarily halted transactions as a precaution."Binance has confirmed a security incident and our […]

Florida is closing in on New York for the second-highest number of billionaires in the nation."We're one of the top brokerages on Palm Beach Island. We have approximately 30% of the listings here in Palm Beach, and we do a lot of the big waterfront homes," Margit Brandt, a real estate agent specializing in luxury properties, told Fox News Digital. "We've seen more movement than ever before of billionaires coming to […]

Sweetgreen is rolling out a new incentive plan that could push pay for some of its top managers above $200,000 a year as the fast-casual chain competes for top talent.The Los Angeles-based fast-casual chain, which operates 289 locations nationwide and is best known for its salads, on Tuesday announced a new head coach incentive plan.The program will reward restaurant managers based on tenure, restaurant size and performance with higher salaries, […]

Game 6 of the WNBA Finals will be played at a rather inopportune time, but apparently, that won’t stop fans from filling the building.The Golden State Valkyries have a chance to win their first title on Thursday against the Atlanta Dream, but scheduling conflicts have caused the game to be played at 12:30 p.m. ET on Thursday.The game will be played at 17,000-seat State Farm Arena, hours before the Atlanta […]

Weil, Gotshal & Manges, the storied law firm that handled Enron and Lehman Brothers, among other high-profile clients, is moving toward dissolution after nearly a century in business, despite generating more than $2 billion in annual revenue.A Weil spokesperson told FOX Business that the firm's leadership has recommended an orderly wind-down, with partners expected to vote on the proposal in the coming days.The proposed closure would bring an end to […]

Ford's upcoming Fathom electric truck will be able to supply power to a home without a separate wall-mounted inverter when it launches in 2027, the automaker said Tuesday.The Fathom, which will have a manufacturer's suggested retail price (MSRP) below $30,000, is expected to supply more than 10 kilowatts of AC power to a home. It will be the first EV from a U.S. automaker at that price point to offer […]

DoorDash said on Thursday it would buy Instacart in a deal valued at about $17 billion, stepping up its push into the fast-growing U.S. grocery delivery market as competition among app-based platforms intensifies.DoorDash has offered Instacart shareholders $65 per share held, representing a premium of about 26% to the stock's closing price on October 22 before reports of deal talks first emerged.Delivery companies are chasing growth by expanding into grocery […]

Nelson Peltz's Trian Fund Management on Wednesday made an offer to buy Wendy's for roughly $1.4 billion in a move that would make the fast-food chain a privately held company.Trian has been a long-term shareholder in Wendy's and Peltz's hedge fund is leading a group that offered to buy the struggling fast food giant at a price of $7.35 a share in cash.The $1.4 billion bid to purchase Wendy's is […]

Households around the country are facing financial stress amid persistent inflation, and retirees facing rising expenses need to ensure their income streams can cover costs.Americans derive their retirement income from a variety of sources, which can include personal retirement savings, such as through a 401(k) plan or IRA, as well as annuities, pension plans and Social Security benefits.The average annual Social Security benefit amounts to $24,852, based on the monthly […]