Oil falls after China releases reserves of gasoline, diesel
Oil prices fell on Monday after China said it released reserves of gasoline and diesel to boost supply, while investors unwound long positions ahead of an OPEC+ meeting on Nov. 4.
Coke to pay $5.6 billion for full control of BodyArmor
Coca-Cola Co. is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, according to people familiar with the matter, amping up a rivalry with Gatorade.
An 'eraser button': Focused ideas could help bridle Big Tech
Lawmakers are getting creative as they introduce a slew of bills intended to take Big Tech down a peg. One bill proposes an "eraser button" that would let parents instantly delete all personal information collected from their children or teens.
Investors buy oil on inflation fears, pushing prices even higher
Fund managers are contributing to a rally that has pushed oil prices to their highest level since the 2014 energy bust. While energy-futures markets are more typically the province of producers and commodities-focused hedge funds, an oil rally that shows no signs of slowing is now exerting a pull on traditional money managers who run portfolios of stocks and bonds
Biden announces agreement with EU to lift steel, aluminum tariffs as part of transatlantic climate plan
President Biden and European Commission President Ursula Von Der Leyen announced a new agreement on Sunday that includes lifting steel and aluminum tariffs as part of what Biden called “a new era of transatlantic cooperation.”
Biden, at Rome summit, seeks fixes for supply chain kinks
President Biden is convening world leaders at the Group of 20 summit on Sunday to talk about ways to relieve the supply chain bottlenecks hampering the global economy as it recovers from the coronavirus pandemic.
Southwest under fire after video surfaces purportedly showing pilot say 'Let's go Brandon'
Southwest Airlines is under fire after a video surfaced purportedly showing one of its pilots saying “Let's go Brandon” over the plane's intercom system.
The Latest on the Group of 20 summit taking place in Rome: Leaders have expressed “broad support” for a landmark deal to establish a 15% global minimum corporate tax that aims at deterring multinational countries from using clever accounting to elude taxes by using low-rate havens.
Patagonia is boycotting Facebook, urges other companies to do the same
Patagonia is doubling down on its decision to stop all paid advertising on Facebook Inc. platforms, urging other companies to join the sportswear company in its boycott of the social-networking company as it faces widespread scrutiny following the release of internal documents.
Prosecutors urge prison for Michael Avenatti in Nike case
New York prosecutors urged a judge Friday to order California lawyer Michael Avenatti to begin serving a 2 1/2-year prison term, more than a year after he was convicted of trying to extort up to $25 million from Nike.
AOC says Biden should cancel student debt after spending bill cuts: 'He doesn't need Manchin's permission'
Rep. Alexandria Ocasio-Cortez reiterated her call for President Biden to cancel student debt on Friday after moderate Democrats, including Sen. Joe Manchin of West Virginia, forced significant cuts to programs favored by progressives in the “Build Back Better Act.”
McCarthy, Republicans torch Democrats over rising energy prices: 'We are the Saudi Arabia of natural gas'
Fox News attended the Wednesday roundtable on surging energy prices across America, where a reporter asked the top House Republican on if the GOP had a plan to drive down gas and power prices.
SpaceX Crew-3 launch delayed due to 'large storm system'
The SpaceX Crew-3 launch, initially slated to liftoff from NASA’s Florida-located Kennedy Space Center early Halloween morning, has been delayed due to a large storm system.
FBI raids Chinese sales equipment supplier: report
U.S. federal investigators raided the Florida offices of a Chinese point-of-sale device provider that reportedly facilitated cyberattacks on American and European entities.
FDA approves Pfizer vaccine for emergency use in children aged 5 to 11
The U.S. Food and Drug Administration approved the Pfizer-BioNTech COVID-19 vaccine for emergency use in children aged 5 to 11 on Friday, a critical step toward beginning vaccinations for the age group.
Amazon to pay billions to prevent holiday shortages
Bankrate senior economic analyst Mark Hamrick and Simpler Trading director of options Danielle Shay on retailers like Amazon preparing for the holiday shopping season and how this can impact companies’ earnings and stocks.
Lucid Motors stock surges on automaker's first deliveries
Shares of Lucid Motors have jumped more than 6% on Friday as the luxury electric vehicle maker prepares to deliver its first batch of the Dream Edition Lucid Air on Saturday, Oct. 30.
Progressives block infrastructure vote again, but endorse Biden reconciliation framework in massive compromise
House progressives made clear they won't budge on their demand for the reconciliation bill to pass at the same time as the bipartisan infrastructure bill, but they are willing to back a massively scaled-down version of reconciliation.
Varney: Biden goes to Glasgow summit with vague, uncertain climate plan
FOX Business' Stuart Varney, during his latest "My Take" on "Varney & Co.," argued President Biden is heading to the Glasgow summit with a “vague” and “uncertain climate plan.”
Construction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other heavy industry as the global economy emerges from the pandemic.
Sen. Rubio slams Biden for coming to DC to 'pitch and sell' his 'socialist plan'
Sen. Marco Rubio, R-Fla., argues President Biden is selling a plan that will raise taxes, increase debt spending, give the federal government more power.
Voyager Digital CEO: 'There's a lot of opportunity for cryptocurrency in the financial sector'
Voyager Digital CEO and co-founder Steve Ehrlich explains how the digital economy is evolving, arguing that 'crypto isn't' as cryptic as people make it seem.'
Federal Trade Commission staffers have begun looking into disclosures that Facebook Inc.’s internal company research had identified ill effects from its products, according to people familiar with the matter.
Sen. Blackburn calls on Facebook to target criminals using platforms for human trafficking services
EXCLUSIVE: Sen. Marsha Blackburn calls on Facebook to make a stronger effort to target criminals after a series of leaked documents revealed how the platform facilitates human and drug trafficking.