Business

Chevron has terminated the oil production, service and procurement contracts it had to operate in Venezuela, delegating its joint-venture governance to its partner, state company PDVSA, but it plans to retain its direct staff in the country, four sources close to the decisions told Reuters.The State and Treasury departments had given companies such as Chevron, Maurel & Prom and Repsol until May 27 to receive cargoes of Venezuelan crude oil, […]

Victoria's Secret's website went dark on Wednesday after a "security incident" prompted the company to completely shut down U.S. online operations.Customers clicking onto the world's largest lingerie retailer's website were met with a black screen featuring a message sprawled across the center of the page.CYBERATTACK AT SOFTWARE GIANT POTENTIALLY COMPROMISED PATIENT DATA; FBI INVESTIGATING: REPORT"Valued customer, we identified and are taking steps to address a security incident. We have taken […]

Vice President JD Vance on Wednesday delivered remarks at a bitcoin conference to highlight the Trump administration's policies related to cryptocurrency and digital assets.Vance attended the Bitcoin 2025 Conference in Las Vegas and highlighted how President Donald Trump and his administration are taking a more favorable approach to the emerging digital assets industry than their Democratic predecessors."There's a new sheriff in town because, after four years of mistreatment and outright hostility led […]

Macy's executives warned on Wednesday that the retailer will raise the prices of select products due to global tariffs.CEO Tony Spring, who took over last year to lead the company’s turnaround, said during an earnings call on Wednesday that the company is reducing its exposure to China, renegotiating orders with suppliers and canceling or delaying orders "where the value proposition is just not where it needs to be" in order […]

GameStop is investing in bitcoin.On Wednesday, the video game retailer disclosed an acquisition of 4,710 bitcoin.It marks GameStop’s first time buying the cryptocurrency following the company revising its investment policy to include bitcoin as a "treasury reserve asset."  The 4,710 bitcoin that GameStop bought had a value of $505 million as of Wednesday. GAMESTOP TO CLOSE ‘SIGNIFICANT NUMBER' OF STORES IN 2025, INVEST IN BITCOINThe purchase comes nearly two months after the […]

SpaceX’s Starship Flight 9 ended in failure — and it is not the company’s only one. Since its first launch in April 2023, SpaceX has seen a mix of failed and successful launches. While not every launch is a success, the company often says that "success comes from what we learn."SpaceX’s first Starship flight test started with success as the spacecraft cleared the orbital launch pad for the first time. However, […]

Crafts retailer Joann will close all remaining stores by the end of the week.A spokesperson for GA Group, which took control of Joann after it filed for bankruptcy protection in January, confirmed to FOX Business on Wednesday that Joann locations still currently open will shut their doors by the end of May. The number of Joann locations closing by May 31 totals over 440. Others have already shuttered, the spokesperson […]

Dollywood earned the title of "favorite theme park" in the country for the third straight year in 2024.That’s according to the National Amusement Park Historical Association’s (NAPHA) recently released yearly NAPHA Amusement Park Attractions Survey of its members.Dollywood’s first-place ranking for "favorite theme park" – one of a handful of categories that the survey looks at – for 2024 marked Dollywood’s latest instance of receiving the title, after notching it with […]

U.S. consumer confidence rose in May after five straight months of deterioration after a pause in higher tariff rates between the U.S. and China boosted optimism, though concerns about tariffs raising prices and hurting the economy remained.The Conference Board reported on Tuesday that its consumer confidence index rose by 12.3 points to 98 in May, well above the modest rise to 87 that was projected by economists polled by Reuters.Roughly […]