Business

Executives from Jack Daniel's parent company, Brown-Forman Corp., warned that the business is seeing pressure from cannabis, weight-loss drugs and lackluster demand from Generation Z. Brown-Forman CEO Lawson Whiting told analysts on an earnings call that the "same big three" is the reason that there has been lower demand for liquor. "We've been saying that for 1.5 years now. And I know on the sell-side that the world seems to be a […]

Jimmy Buffett’s widow and the co-trustee of the late singer-songwriter’s estate are at odds with each other over the $275 million trust. Jane Buffett is seeking to get Richard Mozenter’s position as co-trustee of the "Margaritaville" singer’s estate stripped in a recently-filed lawsuit. Mozenter has also taken legal action, petitioning this week to get Jane’s status as co-trustee and personal representative of the estate revoked. Their lawsuits were filed in California and Florida, […]

The public rift between President Donald Trump and billionaire Elon Musk has escalated, with Musk repeatedly blasting the Trump-backed spending bill on X, calling it bloated, irresponsible and dangerous to the nation’s finances.Now, O’Leary Ventures chairman and "Shark Tank" personality, Kevin O’Leary, is weighing in, offering insight into what may have sparked Musk’s strong opposition. According to O’Leary, it was a chart shared by Sen. Ron Johnson, R-Wis., that jolted […]

Walmart is expanding its drone delivery service to three more states as it competes with Amazon to be the fastest delivery service. In partnership with Google's Wing, Walmart is expanding the service to launch at 100 stores in Atlanta, Charlotte, Houston, Orlando and Tampa, building on the existing operations in Northwest Arkansas and Texas. The retailer said that it's the first to scale this service across five states – Arkansas, Florida, […]

Responding to a federal probe into the national security impact of imported commercial planes, jet engines, and parts, Delta Air Lines urged the government not to impose new tariffs.A Delta spokesperson provided Fox News Digital with a document from a law firm that was responding on behalf of the airline to the government's public comment request on the probe.The message warned that "without providing time to adjust, any potential tariffs […]

President Donald Trump on Friday called on Federal Reserve Chairman Jerome Powell to lower interest rates by a full percentage point."'Too Late' at the Fed is a disaster!" Trump wrote in a post on Truth Social. "Europe has had 10 rate cuts, we have had none. Despite him, our Country is doing great. Go for a full point, Rocket Fuel!"Trump's post came after the release of the Labor Department's May […]

Tesla CEO Elon Musk's vocal criticism of the tax cut package the Trump administration and congressional Republicans are advancing has left the company's investors in limbo as Musk and the president trade verbal barbs over the bill.The billionaire's time in the role was tumultuous for Tesla, which became the subject of boycotts in opposition to Musk's role as the leader of the administration's Department of Government Efficiency (DOGE), which sent Tesla […]

A recall is underway for some Topo Chico Mineral Water bottles for potential contamination with bacteria. A Coca-Cola spokesperson told FOX Business on Thursday that the company recalled a "limited quantity" of 16.9-ounce glass bottle Topo Chico products "due to a potential contamination of pseudomonas." "All impacted product has been removed from store shelves at the approximately 40 retail locations across Arizona, Louisiana, Nevada, New Mexico, and Texas, and no illnesses have […]

June is Pride Month, and Target has found itself — once again — at the center of controversy over its approach to promoting the honorary month celebrating LGBTQ people.Target officials have reportedly acknowledged that their approach to Pride Month this year would be scaled back, compared to previous years, and shoppers have taken notice. The response has been a mixed bag of positive feedback and disappointment, particularly since shoppers have […]