Business

The race to succeed America's top banker is on.Sources inside JPMorgan Chase, the nation's top bank, say the elevation of two senior executives Doug Petno and Troy Rohrbaugh as co-presidents of the company, sets up a long-awaited horse race to succeed the voluble Jamie Dimon, its CEO for the past two-plus decades and widely regarded as the nation's top banker.As if to leave no doubt about his intentions, Dimon Thursday also announced that Marianne […]

The U.S. economy grew at a faster pace than expected in the first quarter, according to the Commerce Department's estimate.The Bureau of Economic Analysis (BEA) on Thursday released its final reading of first-quarter GDP, which showed the economy grew at an annualized rate of 2.1% in the three-month period including January, February and March. That figure was higher than the expectations of economists polled by LSEG, who had estimated 1.6% GDP growth in […]

The Federal Reserve's preferred inflation gauge rose in May as price pressures persist in the wake of the energy shock caused by the Iran war.The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index rose 0.4% on a monthly basis in May and is 4.1% higher than a year ago. The monthly figure came in slightly cooler than the expectations of economists polled by LSEG, who predicted a […]

Buc-ee’s is fueling up for a larger national expansion, with 15 additional travel centers in the pipeline as the Texas-based chain pushes its empire farther beyond its home state.The company opened its first Arizona location on Monday in Goodyear, a suburb of Phoenix, marking Buc-ee’s first stop in the Grand Canyon State and giving road-trippers another supersized destination for fuel, snacks and the chain's famously clean restrooms, according to USA […]

President Donald Trump claimed energy companies are engaging in fuel price gouging and said that he has ordered the U.S. Justice Department to investigate."The big Oil Companies are not dropping their price at the pump commensurate with the sharply lower prices they are paying for Oil. Those prices are dropping like a rock! In other words, customers are being 'gouged,'" Trump asserted in a Truth Social post."I have instructed the […]

FIRST ON FOX: Bank of America is expanding its signature "Museums on Us" program for the July 4th weekend, offering eligible cardholders free admission to 250 museums and cultural institutions nationwide as the U.S. marks its 250th anniversary.Bank of America, Merrill and Bank of America Private Bank credit and debit cardholders can receive free general admission to 250 cultural and civic institutions on July 4 and July 5 by presenting […]

Google's YouTube has settled a social media addiction case brought by a 15-year-old in Florida who accused the platform of causing mental health harms to children, according to the plaintiff's lawyers.The terms of the settlement in the state court lawsuit against the social media giant were confidential, the lawyers said on Tuesday."YouTube's decision to resolve this case before having to face a jury speaks for itself. We will continue fighting […]

MorningStar Farms is voluntarily recalling two plant-based food products sold in the U.S., Puerto Rico and Costa Rica because they may contain plastic pieces, according to a notice published by the Food and Drug Administration (FDA).The recall affects MorningStar Farms Buffalo Chik'n Nuggets and MorningStar Farms Hot & Spicy Sausage Patties. The company announced the recall on June 18, and the FDA published the notice Monday.Consumers who purchased the affected […]

Samuel Adams founder Jim Koch says America’s craft brewers are facing a tough business climate, as rising costs, tighter margins and a crowded marketplace put pressure on independent brands.But Koch, who helped build Boston Beer Co. into one of the country’s best-known beer companies, says he remains "very optimistic" about the future of craft brewing because the industry still has something technology cannot replicate."Over the last four decades, we've seen […]