Business

Minnesota Timberwolves and Lynx co-owner Marc Lore has agreed to sell his controlling stake in the franchises to businessman and limited partner Marc Stad.The deal values the NBA and WNBA franchises at $4.5 billion, ESPN reported.Alex Rodriguez, a 14-time MLB All-Star and FOX MLB studio analyst, said Friday he plans to increase his equity stake in both franchises. Lore, meanwhile, will retain a minority stake. The size of Lore’s and Rodriguez’s […]

Canadian Prime Minister Mark Carney accused the United States on Saturday of making a last-minute "power play" by trying to restrict Canada's ability to strike trade deals with other countries, offering new details about what he said caused negotiations between the two sides to collapse.Carney said the U.S. introduced new demands in the final hours of negotiations involving Canada's other trading relationships, its auto sector and protections for Canadian culture […]

President Donald Trump’s effort to bring down grocery prices by increasing foreign beef imports is sparking resistance from Republicans in ranching states, who warn American producers could pay the price.Trump announced Friday on Truth Social that the U.S. will allow up to 300,000 metric tons of ground beef to enter tariff-free over the next 90 days, a move he said would lower consumer prices while giving American ranchers time to […]

Building wealth may have less to do with looking rich and more to do with resisting the pressure to spend like you're rich."The Frugal Rich" founder JC Rodriguez joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the habits he has observed among everyday millionaires, along with saving, investing and how young people can approach major financial decisions.Rodriguez said a common trait among the wealthy people his content […]

As Americans continue to feel the squeeze from high housing, food and energy costs, affordability has emerged as a defining issue ahead of November’s midterm elections, with both parties under pressure to show voters they can bring down the cost of living.Now, a new report from the conservative group founded by former Vice President Mike Pence is offering its own prescription, laying out 10 proposals aimed at lowering costs by […]

Tesla announced Friday that it is recalling nearly 3 million vehicles in China over concerns that doors may be difficult to open in an emergency, marking the largest automotive recall in the country's history.Tesla's action comes alongside recalls announced by eight other automakers, affecting a combined total of about 4.3 million vehicles in China.Tesla's recall is the largest, affecting approximately 2.98 million vehicles.The U.S. automaker said the recall covers imported […]

Canadian Prime Minister Mark Carney suspended trade negotiations with the United States late Friday, blaming "unfair" last-minute changes to Washington's proposed terms and announcing retaliatory tariffs against the U.S.Carney said the move comes as President Donald Trump's 50% tariffs on roughly $28 billion in Canadian goods were set to take effect at midnight.The breakdown came just days after Trump paused the duties for three days and announced that the U.S. […]

A California helicopter manufacturer whose R66 helicopter was selected for use in a major new U.S. Army flight training program said the effort could support hundreds of American jobs.Robinson Helicopter Company, based in Torrance, California, will provide its R66 turbine helicopter for the Army’s Flight School Next program as part of a team led by M1 Support Services.The program will train the next generation of Army helicopter pilots at Fort […]

The "One Bite" pizza reviewer and Barstool Sports founder Dave Portnoy threw his support behind Yum! Brands' campaign to temporarily rebrand Pizza Hut, praising the pizza chain's strategic marketing move as "brilliant" while pitching company executives on directing advertising dollars toward Barstool Sports during football season."At first, I didn't really get it. But I'll say this, Stuart. We do business with Pizza Hut. And we want them to spend lots […]