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Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
Experience the power of AI-driven investment technology combined with an intuitive interface designed to enhance your investment performance.
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News

Ari Emanuel debuts new holding company MARI to bring tennis events, other assets under one roof

about 1 month ago
<p>Prominent American business leader Ari Emanuel unveiled a new holding company, which will house many of Endeavor Group Holdings assets and <a href="https://www.foxbusiness.com/sports/ufc-ditch-pay-per-view-model-part-7-7b-media-rights-deal-paramount" target="_blank" rel="noopener">live sporting events</a> and experiences.</p><p>Emanuel, the CEO of entertainment and media agency Endeavor and <a href="https://www.foxbusiness.com/sports/wwe-ufc-merger-officially-closes-deal-creates-new-company-called-tko-group" target="_blank" rel="noopener">TKO Group Holdings</a>, announced his latest venture will operate under the name MARI. Arts organization Frieze and IMG’s portfolio of tennis events including the Miami Open and Madrid Open are under MARI's control. The new holding company will also hold a majority shared in automotive auction house Barrett-Jackson.</p><p>The Mubadala Abu Dhabi Open, Mubadala Citi DC Open and SP Open also makeup IMG's considerable tennis portfolio. Other major ATP tournaments such as the Japan Open and Rio Open fall under the company's management.</p><p><a href="http://www.foxbusiness.com/sports" target="_blank" rel="noopener"><strong>CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM</strong></a></p><p>Furthermore, the MGM Macau Tennis Masters, a tennis exhibition and invitational event, has been organized by IMG — a TKO Group Holdings subsidiary.</p><p><a href="https://www.foxbusiness.com/sports/ufc-ditch-pay-per-view-model-part-7-7b-media-rights-deal-paramount" target="_blank" rel="noopener"><strong>UFC TO DITCH PAY-PER-VIEW MODEL AS PART OF $7.7B MEDIA RIGHTS DEAL WITH PARAMOUNT</strong></a></p><p>The newly formed company finalized the acquisition of Frieze and all other deals on Wednesday to coincide with MARI's launch.</p><p>TKO Holdings Group executive Mark Shapiro will serve on MARI's board and is also listed as a principal investor. Other key investors include, RedBird Capital Partners, Qatar Investment Authority,  HSG, IMI media group, Ares Management funds and Dr. Patrick Soon-Shiong.</p><p>The <a href="https://www.foxbusiness.com/category/nfl" target="_blank" rel="noopener">Miami Dolphins</a> ownership group, which is led by Stephen Ross, has also been tapped to join the coalition. </p><p>Craig Jackson, the founder and CEO of Barrett-Jackson, will remain in place.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>"Live events and experiences have never been more powerful," Emanuel said in a statement. "As people increasingly value experiences over things—and as hybrid work and AI give us more time to enjoy them—sports, art, lifestyle, and entertainment are becoming even more essential. At MARI, we’re building on the global impact of Frieze and the success of the Madrid and Miami Opens to create new ways for audiences to come together and share their passions." </p>
Ari Emanuel debuts new holding company MARI to bring tennis events, other assets under one roof

Teamsters president notes 'positive change' with growing Republican union support in Senate testimony

about 1 month ago
<p>Teamsters union president <a href="https://www.foxbusiness.com/category/unions" target="_blank" rel="noopener"><u>Sean O'Brien</u></a> testified before a Senate committee on Wednesday and expressed appreciation for Republican lawmakers' efforts to reach out to labor unions and work with them on legislation.</p><p>O'Brien testified before the Senate Health, Education, Labor and Pensions (HELP) Committee at the invitation of Chairman Bill Cassidy, R-La., to discuss proposals for <a href="https://www.foxbusiness.com/category/congress" target="_blank" rel="noopener"><u>reforming labor laws</u></a>.</p><p>"I'm encouraged that I've been invited here as a guest of the Republican majority, that is a positive change," O'Brien said.</p><p>"For as long as I have been a Teamster, neither party has spearheaded an effort to reach bipartisan agreement on labor reform," he explained. "The Democrats have played political football with massive labor reform bills. Republicans have largely reintroduced business friendly bills that make it harder to form a union." </p><p><a href="https://www.foxbusiness.com/politics/republicans-invite-teamsters-president-testify-labor-laws" target="_blank" rel="noopener"><strong><u>REPUBLICANS INVITE TEAMSTERS PRESIDENT TO TESTIFY ON LABOR LAWS</u></strong></a></p><p>"I don't like to waste time. I was elected to get things done for rank and file Teamsters, to further solutions and not dwell on problems or the past. Everyone in this room was similarly elected to produce for your own constituents," he added.</p><p>O'Brien said that this is the third time he's testified before the Senate HELP committee and that neither Democratic nor GOP leaders of the panel were successful in advancing solutions to what he called "our nation's weak, unenforceable labor laws."</p><p>"When I took office, I directed the Teamsters Union's legislative department to confront their own partisan bias. As a result, our union has found new allies on both sides of the aisle," O'Brien said, pointing to Sen. <a href="https://www.foxnews.com/person/h/josh-hawley" target="_blank" rel="noopener"><u>Josh Hawley</u></a>, R-Mo., as a leader in those efforts. </p><p><a href="https://www.foxbusiness.com/politics/workers-striking-choice-could-lose-unemployment-benefits-blue-states-under-gop-proposal" target="_blank" rel="noopener"><strong><u>WORKERS STRIKING BY CHOICE COULD LOSE UNEMPLOYMENT BENEFITS IN BLUE STATES UNDER GOP PROPOSAL</u></strong></a></p><p>O'Brien said there is "a realignment around labor taking place within the <a href="https://www.foxbusiness.com/category/fox-news-republicans" target="_blank" rel="noopener"><u>Republican Party</u></a>. The Teamsters union wants to encourage that by offering multiple paths to support our members, not a single legislative litmus test."</p><p>As an example of that realignment and the newfound bipartisanship around labor issues, O'Brien pointed to a bipartisan bill introduced in March by Hawley along with Sens. <a href="https://www.foxnews.com/category/person/cory-booker" target="_blank" rel="noopener"><u>Cory Booker</u></a>, D-N.J.; Jeff Merkley, D-Ore.; Bernie Moreno, R-Ohio; and Gary Peters, D-Mich. Four additional Democratic senators have since signed on as cosponsors.</p><p>The Faster Labor Contracts Act would amend the <a href="https://www.foxbusiness.com/category/legal" target="_blank" rel="noopener"><u>National Labor Relations Act</u></a> to require that employers must start negotiating with a newly-formed union within 10 days of workers' unionization vote. </p><p>It would also refer the parties to binding arbitration if mediation fails within 30 days or additional periods agreed upon by the union and employer, and send disputes to mediation if no agreement is reached in 90 days.</p><p><a href="https://www.foxbusiness.com/media/trump-keeps-his-word-delivers-big-win-for-autoworkers-union-leader-says" target="_blank" rel="noopener"><strong><u>TRUMP KEEPS HIS WORD, DELIVERS BIG WIN FOR AUTOMAKERS, UNION LEADER SAYS</u></strong></a></p><p>"After workers vote to form their union, many employers delay the negotiation of the initial collective bargaining agreement. Nearly half of new unions fail to secure a contract within a year of winning an election. After two years, a third are without a contract," O'Brien explained. "This bill ensures that a first contract can be reached in months, not years." </p><p>Sen. <a href="https://www.foxnews.com/category/person/rand-paul" target="_blank" rel="noopener"><u>Rand Paul</u></a>, R-Ky., spoke of concerns raised by another expert witness at the hearing that the Faster Labor Contracts Act would interject bureaucracy into negotiations between employers and a newly-formed union.</p><p>Rachel Greszler, senior research fellow at The Heritage Foundation, said the complexity of collective bargaining agreements means that both workers forming a union and the employer need ample time to consider their implications for the future of the company and its workforce.</p><p>"When you have a first contract, especially if you have a company that has never been involved in negotiations or a union, that it's the first time that they're representing workers, they need to understand all the issues," she explained. </p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p>She also said contracts like the <a href="https://www.foxbusiness.com/category/auto" target="_blank" rel="noopener"><u>United Auto Workers union's</u></a> agreements with automakers such as Ford can run thousands of pages when accounting for memorandums of agreement, with several hundred items covered under the bargaining agreement.</p><p>"These are too many things for both workers and for employers to be able to consider within a timeframe of 120 days," Greszler added.</p>
Teamsters president notes 'positive change' with growing Republican union support in Senate testimony

America's top-selling vehicle faces production hit after fire at supplier facility, analyst says

about 1 month ago
<p>A major aluminum supplier for <a href="https://www.foxbusiness.com/category/ford" target="_blank" rel="noopener">Ford Motor Co.</a> said it will suspend operations for several months after a fire erupted at its facility in September. </p><p>Novelis, a key supplier of automotive-grade aluminum for Ford and used in vehicles like the F-150 pickup truck, told FOX Business that its plant in Oswego, New York, won't be back in operation until the first quarter of fiscal 2026.</p><p>A Novelis spokesperson said the company activated its global network of plants and is partnering with industry peers to source material to try to mitigate the gap in supply.</p><p><a href="https://www.foxbusiness.com/markets/ford-move-world-headquarters-first-time-nearly-70-years" target="_blank" rel="noopener"><strong>FORD TO MOVE WORLD HEADQUARTERS FOR FIRST TIME IN NEARLY 70 YEARS</strong></a></p><p>"We are urgently taking steps to minimize the impact of the recent fire at our Oswego facility on our customers," the spokesperson said. "At the same time, we are working around the clock to restore the Oswego facility’s hot mill." </p><p>However, industry experts warn that automakers are still likely to face disruptions, given Novelis’ significant role as a major aluminum supplier for Ford and other automakers.</p><p>The fire started around 10 a.m. on Sept. 16, and only impacted one area of the plant, according to the spokesperson. Still, it will remain offline for several months, impacting the production of aluminum sheet used by U.S. automakers, including Ford. The plant supplies roughly 40% of the aluminum sheet used by the industry, according to reports. </p><p><a href="https://www.foxbusiness.com/media/ford-invests-5b-kentucky-michigan-plants-new-affordable-electric-pickup-truck-production" target="_blank" rel="noopener"><strong><u>FORD INVESTS $5B IN KENTUCKY AND MICHIGAN PLANTS FOR NEW 'AFFORDABLE' ELECTRIC PICKUP TRUCK PRODUCTION</u></strong></a></p><p>Ford told FOX Business that it has been working closely with Novelis, one of several of its aluminum suppliers, to address the situation. </p><p>"A full team is dedicated to addressing the situation and exploring all possible alternatives to minimize any potential disruptions," the automaker said. </p><p>Ford declined to comment on how its production would be impacted. </p><p>Brian Moody, executive editor at Autotrader, told FOX Business that the fire will still have a direct impact on Ford’s F-150 production, as well as <a href="https://www.foxbusiness.com/category/auto" target="_blank" rel="noopener">other automakers</a> including Toyota, which relies on the plant for the RAV4. Volkswagen and Hyundai also use materials from the New York facility, though Ford remains the plant’s primary aluminum purchaser, according to Moody.</p><p><a href="https://www.foxbusiness.com/lifestyle/ford-unveils-2026-mustang-fx-package-nostalgic-fox-body-styling" target="_blank" rel="noopener"><strong><u>FORD UNVEILS 2026 MUSTANG FX PACKAGE WITH NOSTALGIC FOX BODY STYLING</u></strong></a></p><p>Toyota told FOX Business that it does not anticipate any significant disruptions, saying its "needs can be filled through alternate suppliers." </p><p>As of Tuesday, Volkswagen has not identified an immediate impact. FOX Business reached out to Hyundai for comment. </p><p>"They will certainly be finding other suppliers within the next few days, but Ford sells nearly three-quarters of a million F-series trucks each year, so that’s a lot of aluminum," Moody said. </p><p>Moody said that aluminum isn’t just used incidentally with the F-series but is a key component in the vehicle’s engineering and performance strategy. </p><p>Aluminum helps reduce weight for the F-series trucks, helping deliver better performance and fuel efficiency, Moody said. The F-150's body panels, including the doors, hood, roof and tailgate, rely on the material. </p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong>GET FOX BUSINESS ON THE GO BY CLICKING HERE</strong></a></p><p>Moody also noted that electric vehicles could also be affected to some degree by this disruption, since aluminum makes up 20% to 30% of the overall vehicle construction.</p><p>In turn, Moody said this pause could also cause other suppliers and automakers to deprioritize electic vehicles in favor of more profitable models, at least temporarily.</p>
America's top-selling vehicle faces production hit after fire at supplier facility, analyst says

Republican AGs demand Meta explain handling of Oct 7 terror content, Hamas 'atrocities' circulated online

about 1 month ago
<p><strong>FIRST ON FOX — </strong>At least a dozen<strong> </strong>Republican state attorneys general from across the United States signed a letter to <a href="https://www.foxbusiness.com/quote?stockTicker=META" target="_blank" rel="noopener">Meta Platforms</a> Chief Legal Officer Jennifer Newstead, demanding answers on the company's actions following the Oct. 7, 2023, terror attacks in Israel.</p><p>"We, the 12 undersigned Attorneys General, write to express our serious concerns over recent allegations regarding Meta’s actions following the October 7, 2023, massacre and terrorist attack in Israel," the letter, sent to Meta a day after the two-year anniversary of the attacks, said. </p><p>The <a href="https://www.foxbusiness.com/category/legal" target="_blank" rel="noopener">attorneys general</a> are calling on Newstead to provide Meta's latest policy on depictions of violence and incitement, as well as any other relevant policies. Newstead is also requested to describe "remedial efforts," if any, that Meta made after the Oct. 7 attacks. Additionally, the attorneys general asked Newstead to detail any other steps Meta has taken to prevent illegal violence from being displayed on its platforms.</p><p><a href="https://www.foxbusiness.com/politics/social-media-giants-scramble-control-charlie-kirk-assassination-videos-after-utah-shooting"><strong>SOCIAL MEDIA GIANTS SCRAMBLE TO CONTROL CHARLIE KIRK ASSASSINATION VIDEOS AFTER UTAH SHOOTING</strong></a></p><p>The attorneys general asked Newstead to provide a response to the letter by Nov. 10, 2025.</p><p>Those who signed the letter include South Carolina Attorney General Alan Wilson, Iowa Attorney General Brenna Bird, Alabama Attorney General Steve Marshall, Arkansas Attorney General Tim Griffin, Florida Attorney General James Uthmeier, Indiana Attorney General Todd Rokita, Oklahoma Attorney General Gentner Drummond, Missouri Attorney General Catherine Hanaway, Montana Attorney General Austin Knudsen, Nebraska Attorney General Mike Hilgers, South Dakota Attorney General Marty Jackley and Texas Attorney General Ken Paxton.</p><p><a href="https://transparency.meta.com/policies/community-standards/violence-incitement/" target="_blank" rel="nofollow noopener">Meta's current policy</a> — which has been changed multiple times since the attacks — says it removes "threats of violence against various targets" and defines threats of violence as "statements or visuals representing an intention, aspiration, or call for violence against a target, and threats can be expressed in various types of statements such as statements of intent, calls for action, advocacy, expressions of hope, aspirational statements and conditional statements."</p><p>Additionally, Meta says on its website that it protects users from "depictions of kidnappings or abductions" and depictions of "high-severity or mid-severity violence."</p><p>"Hamas is banned from our platforms, and we remove content that supports and glorifies them and the terrorist attacks on October 7th," a Meta spokesperson said in a statement to FOX Business. "Following the attacks, we formed dedicated teams that worked around the clock to address and remove content that violates our policies, while ensuring our platforms can still be used to condemn Hamas and raise awareness of their victims and the hostages still being held in Gaza." </p><p><a href="https://www.foxbusiness.com/video/6381788826112"><strong>IT’S UP TO HAMAS IF THEY WANT LONG-TERM PEACE, REP. BRANDON GILL SAYS</strong></a></p><p>The Meta spokesperson also noted that the company established a special operations center after the fact that included fluent Hebrew and Arabic speakers who could monitor the situation in real time, allowing sensitive content to be removed faster. The spokesperson said that in the three days following the attacks, the company removed or marked as disturbing over 795,000 pieces of content that violated its policies.</p><p>The letter comes after families of <a href="https://www.foxbusiness.com/category/terrorism" target="_blank" rel="noopener">Oct. 7 victims</a> filed a $1 billion lawsuit against Meta, claiming the company's platforms played a role in the distribution of video showing the atrocities. </p><p>In the suit, victims' loved ones claim that Meta knowingly enabled the distribution of live and recorded video of atrocities, such as murder and hostage-taking, <a href="https://www.calcalistech.com/ctechnews/article/h1sj11ocvll" target="_blank" rel="nofollow noopener">according to CTech</a>, an Israeli technology news outlet. The plaintiffs say that this turned Facebook and Instagram into "an integral part of the terrorist attack on Israel," CTech added.</p><p>"If the plaintiff-victims’ allegations are true, it is hard to see how Meta has met its own standards," the attorneys general wrote in the letter to Newstead.</p><p>One of the plaintiffs is Mor Baider, who saw the horrific video of her grandmother's murder on Facebook after desperately trying to reach her, according to CTech. The outlet said that after failing to reach her grandmother, Bracha Levinson, who was a resident of Kibbutz Nir Oz, Baider looked on social media for answers. She instead found the violent video on the platform.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p>"For many hours, in real time and long after the terrorist attack, horrific documentation from the attack (to put it mildly) was disseminated, showing innocent civilians — children, elderly, women, and men — subjected to atrocities that even paper cannot bear to describe,"  the plaintiffs' attorneys wrote, according to CTech.</p><p>The Idan family, which is also included in the lawsuit, claims that the murder of 22-year-old Maayan Idan and the kidnapping of her father, Tsachi, were <a href="https://www.foxbusiness.com/category/social-media" target="_blank" rel="noopener">live-streamed on Facebook</a>, according to CTech, which noted that Taschi was later killed in captivity.</p><p>Fox Business reached out to a law firm representing the plaintiffs for comment.</p>
Republican AGs demand Meta explain handling of Oct 7 terror content, Hamas 'atrocities' circulated online

Spinach recalled after batch tests positive for potentially harmful bacteria

about 1 month ago
<p>A Minnesota-based <a href="https://www.foxbusiness.com/category/food-drinks" target="_blank" rel="noopener">food products supplier</a> is recalling organic spinach after some of the product tested positive for a potentially harmful bacteria. </p><p>Sno Pac Foods' Del Mar 35 LB Bulk Organic Frozen Spinach and Sno Pac 10-oz Organic Frozen Cut Spinach are being recalled after a bulk case of spinach from its supplier was tested and found positive for listeria monocytogenes, according to a notice posted by the Food and Drug Administration (FDA). </p><p>The case that tested positive for listeria was the same lot code the company used to repack the Sno Pac Organic Frozen Cut Spinach into 10-ounce packages, according to the notice. </p><p><a href="https://www.foxbusiness.com/lifestyle/costco-recalls-certain-wine-over-risk-bottles-spontaneously-shattering" target="_blank" rel="noopener"><strong><u>COSTCO RECALLS CERTAIN WINE OVER RISK OF BOTTLES SPONTANEOUSLY SHATTERING</u></strong></a></p><p>The product was <a href="https://www.foxbusiness.com/category/retail" target="_blank" rel="noopener">distributed nationwide</a> through retail stores and distributors, though the company did not specify which stores carried it.</p><p>The production of the spinach was suspended as the company continues to investigate the source of the problem. There have been no illnesses reported in connection with the problem, but the organism can be dangerous if ingested.</p><p><a href="https://www.foxbusiness.com/lifestyle/over-57k-frozen-burrito-bowl-products-sold-target-recalled-due-undeclared-allergen" target="_blank" rel="noopener"><strong><u>OVER 57K FROZEN BURRITO BOWL PRODUCTS SOLD AT TARGET RECALLED DUE TO UNDECLARED ALLERGEN</u></strong></a></p><p>The product comes in a 35-pound box with lot codes 250107A, 250107B, 250107C, 250107D, 2501071 and 2501073, all of which expire in January 2027. </p><p>The product was also sold in 10-ounce, poly retail packages marked with lot codes SPM1.190.5 with a "best by" date through July 2027, SPC1.160.5 with a best by date through June 2027, SPC2.160.5 with a best by date through June 2027 and SPM1.097.5 with a best by date through April 2027. </p><p><a href="https://www.foxbusiness.com/healthcare" target="_blank" rel="noopener"><u>Listeriosis has a range of symptoms</u></a> that can vary based on the severity and form of the illness. There are two forms of the disease. The FDA said one form is known as non-invasive gastrointestinal listeriosis, and is less severe. The more severe form is called invasive listeriosis and occurs when the listeria spreads beyond the intestines, the FDA said.</p><p>If people have the less severe form, they may exhibit mild symptoms such as fever, muscle aches, nausea, vomiting and diarrhea. It often persists for one to three days, the FDA said.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener noreferrer"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p>In the more severe cases, symptoms may include headache, stiff neck, confusion, loss of balance and convulsions. A listeria infection can lead to serious pregnancy complications among pregnant women. </p>
Spinach recalled after batch tests positive for potentially harmful bacteria

Business leaders call on Thune, Schumer demanding pro-American business policy in wake of shutdown

about 1 month ago
<p><strong>FIRST ON FOX: </strong>A coalition of more than 20 American business advocacy groups wrote to <a href="https://www.foxnews.com/media/top-senate-republican-reveals-why-democrats-stuck-shutdown-reaches-day-five" target="_blank" rel="noopener"><u>Senate Majority Leader John Thune</u></a>, R-S.D., House Speaker Mike Johnson, R-La., Senate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Hakeem Jeffries, D-NY.,. calling for expedited pro-American, pro-growth business policies as the government enters a full week of being shut down.</p><p>The American Growth & Innovation Forum (AGIF) brought U.S.-based business advocates from across the country together to demand answers from congressional leaders as legislators in Washington work to reopen the government. </p><p>"It is imperative that this government shutdown is resolved quickly so that Congress can focus on lowering prices for consumers and passing legislation that <a href="https://www.foxbusiness.com/category/small-business" target="_blank" rel="noopener"><u>helps small businesses</u></a> across the country," a spokesperson from AGIF told Fox News Digital. "We urge congressional leaders to work across the aisle to prioritize American businesses over international interests." </p><p><a href="https://www.foxnews.com/politics/trump-flips-his-shutdown-approach-leaving-congress-take-heat" target="_blank" rel="noopener"><strong><u>TRUMP FLIPS HIS SHUTDOWN APPROACH, LEAVING CONGRESS TO TAKE THE HEAT</u></strong></a></p><p>An automatic email <a href="https://www.foxnews.com/politics/furloughed-sba-staffers-unleash-democrats-shutdown-searing-auto-replies" target="_blank" rel="noopener"><u>response to Fox News Digital</u></a> last week from a furloughed employee at the Small Business Association (SBA) read that "Senate Democrats voted to block a clean federal funding bill (H.R. 5371), leading to a government shutdown that is preventing the U.S. Small Business Administration (SBA) from serving America’s 36 million small businesses."</p><p>The email goes on to say that the shutdown also prevents an "estimated 320 small businesses from accessing $170 million in SBA-guaranteed funding."</p><p>Though Democratic Senators <a href="https://www.foxnews.com/category/person/john-fetterman" target="_blank" rel="noopener"><u>John Fetterman, D-Pa.</u></a>, Catherine Cortez Masto, D-Nev., and Angus King, I-Maine broke ranks with Senate Minority Leader Chuck Schumer in last week’s vote to fund the government through Nov. 21, Sen. Rand Paul, R-Ky. also opposed the bill. </p><p><a href="https://www.foxbusiness.com/politics/how-much-do-government-shutdowns-cost-american-taxpayers" target="_blank" rel="noopener"><strong><u>HOW MUCH DO GOVERNMENT SHUTDOWNS COST AMERICAN TAXPAYERS?</u></strong></a></p><p>The legislation to extend funding for the government requires 60 votes to pass the upper chamber. The GOP currently holds 53 seats in the Senate. </p><p>"We are concerned that recent proposals and legislative challenges risk undermining these outcomes," the letter from business advocacy groups read. "Policies that unfairly penalize scale or impose <a href="https://www.foxbusiness.com/economy" target="_blank" rel="noopener"><u>fragmented pricing schemes</u></a> could weaken the very capacity that enables consumers to access goods and services at low costs, continued investment in innovation, and global leadership in all sectors."</p><p><a href="https://www.foxnews.com/category/politics/house-of-representatives" target="_blank" rel="noopener"><u>House Small Business Committee</u></a> Chairman Roger Williams also addressed how the shutdown would impact their committee in a statement last week following the shutdown.</p><p>"The House Committee on Small Business had planned a full October agenda to strengthen Main Street, yet with government funding at a standstill, America’s 36 million small businesses will pay the price," Chairman Williams explained.</p><p><a href="https://www.foxnews.com/politics/senate-stalls-shutdown-vote-amid-warning-furloughed-workers-may-lose-pa" target="_blank" rel="noopener"><strong><u>SENATE STALLS ON SHUTDOWN VOTE AMID WARNING FURLOUGHED WORKERS MAY LOSE PAY</u></strong></a></p><p>"The House-passed continuing resolution included vital measures to protect small businesses’ access to capital and ensure continuity for programs that entrepreneurs depend on," Rogers added.</p><p>House Small Business Committee member Jimmy Patronis, R-Fla., spoke with Fox News Digital at a press conference on Tuesday and emphasized how the SBA is crippled by the government shutdown, putting small businesses in danger. </p><p>"The [SBA] is running into furloughs and paralysis right now, their loan program is essentially suspended," Patronis told Fox. "We need a way to sit down across the table from other stakeholders that have concerns that need to have a deeper dive into some of the policy issues or need to get revisited by Congress at a later date."</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a> </p><p>Wednesday marks one full week of the government shutdown as <a href="https://www.foxnews.com/category/us/congress" target="_blank" rel="noopener"><u>negotiations continue</u></a> in both the House and Senate.</p>
Business leaders call on Thune, Schumer demanding pro-American business policy in wake of shutdown

WestJet now charges passengers to recline seats on new Boeing 737 flights

about 1 month ago
<p>Canadian airline WestJet has introduced updated cabin interiors on select Boeing aircraft, adding three distinct seat classes and charging extra for seats that can recline.</p><p>The changes were announced by the airline on Sept. 23, and by the end of October, the first 43 refreshed <a href="https://www.foxbusiness.com/category/boeing" target="_blank" rel="noopener">Boeing 737-8 MAX</a> and 737-800 will be available for passenger travel.</p><p>"The modern cabin experience will offer a bright, airy atmosphere with an upgraded design that features new seats, adjustable headrests and enhanced cushion and back support with a fixed recline design in Economy that helps preserve personal space," WestJet said in a press release.</p><p>Seat classes include premium, extended comfort and economy. Those wanting their seats to recline will need to book premium, and only 12 exist per plane. </p><p><a href="https://www.foxnews.com/travel/top-global-us-airlines-based-new-rankings-like-flying-private" target="_blank" rel="noopener"><strong>THESE ARE THE TOP GLOBAL AND US AIRLINES BASED ON NEW RANKINGS: 'LIKE FLYING PRIVATE'</strong></a></p><p>WestJet explains the changes to passengers on <a href="https://www.westjet.com/en-gd/aircraft/cabin-updates?utm_source=chatgpt.com" target="_blank" rel="nofollow noopener">its website,</a> even stating that the back of the cabin rows 20–31 offer the least amount of space. </p><p><a href="https://www.foxbusiness.com/economy/spirit-airlines-furloughing-1800-flight-attendants-just-before-christmas-travel-season" target="_blank" rel="noopener"><strong>SPIRIT AIRLINES FURLOUGHING 1,800 FLIGHT ATTENDANTS JUST BEFORE CHRISTMAS TRAVEL SEASON</strong></a></p><p>"WestJet has always been a pioneer in making air travel available to Canadians, largely through keeping costs low to offer <a href="https://www.foxnews.com/category/travel/general/budget-travel" target="_blank" rel="noopener">affordable airfare,"</a> Samantha Taylor, WestJet Executive Vice-President and Chief Experience Officer, said in a statement. </p><p><a href="https://foxbusiness.com/" target="_blank" rel="noopener"><strong><u>CLICK HERE TO READ MORE ON FOX BUSINESS</u></strong></a></p><p>"The layout for our <a href="https://www.foxnews.com/category/travel/general/airlines" target="_blank" rel="noopener">refreshed cabin</a> caters to our guests’ diverse preferences. Whether they opt for Premium seating with extra amenities and legroom or for more affordable ticket prices with less space, we’re excited to introduce this range of products for our guests to enjoy," she said. </p>
WestJet now charges passengers to recline seats on new Boeing 737 flights

Trump approves Alaska project for mining critical minerals: what is the economic importance?

about 1 month ago
<p>The Trump administration on Monday announced the approval of a mining project in Alaska and took a stake in a Canadian company that will potentially develop portions of the project as it looks to reduce reliance on imports of <a href="https://www.foxbusiness.com/category/commodities" target="_blank" rel="noopener"><u>critical minerals</u></a>.</p><p>President <a href="https://www.foxbusiness.com/category/donald-trump" target="_blank" rel="noopener"><u>Donald Trump</u></a> signed an executive order allowing the Ambler Road Project to proceed, which would build a 211-mile road to the remote Ambler Mining District. The area has large deposits of critical minerals, including copper, cobalt, gallium and germanium, among others.</p><p>The Trump administration also announced a partnership with Trilogy Metals, a Canadian company that intends to explore mining opportunities in the district. The U.S. government invested $35.6 million, which makes the government a 10% shareholder with warrants to purchase an additional 75% of the firm.</p><p>The White House said in a fact sheet that the "access road is crucial to unlocking critical minerals located in this currently-inaccessible area of Alaska, which has been characterized as one of the largest undeveloped copper-zinc mineral belts in the world and contains extensive deposits of copper, silver, gold, lead, cobalt, and other strategic metals."</p><p>The move to allow the project to proceed after it was blocked over environmental concerns during the Biden administration comes as the Trump White House is looking to ramp up domestic production of critical minerals with the goal of <a href="https://www.foxbusiness.com/category/fox-news-trade" target="_blank" rel="noopener"><u>reducing reliance on imports</u></a>, particularly from countries like China that are U.S. adversaries.</p><p><a href="https://www.foxbusiness.com/politics/trump-reverses-biden-block-alaska-project-us-takes-10-stake-unlock-critical-minerals" target="_blank" rel="noopener"><strong><u>TRUMP REVERSES BIDEN BLOCK ON ALASKA PROJECT; US TAKES 10% STAKE TO UNLOCK CRITICAL MINERALS</u></strong></a></p><p>The minerals that could eventually be extracted from the <a href="https://www.foxbusiness.com/category/fox-news-alaska" target="_blank" rel="noopener"><u>Alaska project</u></a> include several used in critical industries, with some of the minerals heavily or, in one case, exclusively imported from overseas.</p><p>Gallium is used in semiconductors as well as LED lighting, <a href="https://www.foxbusiness.com/category/energy" target="_blank" rel="noopener"><u>solar panels</u></a> and transistors, among other products, according to the U.S. Geological Survey (USGS). </p><p>The agency notes that the U.S. imports all the gallium used domestically, although there is a U.S.-based refinery that recovers and recycles scrap and low-purity imported gallium. The leading sources of gallium imports are Japan, China, Germany and Canada per USGS.</p><p><a href="https://www.foxbusiness.com/markets/trump-admin-considers-government-stake-lithium-mining-company" target="_blank" rel="noopener"><strong><u>TRUMP ADMIN CONSIDERS GOVERNMENT STAKE IN LITHIUM MINING COMPANY</u></strong></a></p><p>Cobalt is used primarily in lithium-ion batteries that help power <a href="https://www.foxbusiness.com/category/fox-news-electric" target="_blank" rel="noopener"><u>electric vehicles (EVs)</u></a> as well as other electronics, energy storage systems and power tools. It's also used to make superalloys that are used in applications like industrial gas turbines and jet engines due to their corrosion-resistant and high-temperature characteristics, the USGS explained.</p><p>76% of cobalt used in the U.S. is imported.</p><p>Zinc is used in a range of products, from metal to rubber and medicines. The USGS notes that it's mainly used as a metal coating to protect <a href="https://www.foxbusiness.com/category/fox-news-manufacturing" target="_blank" rel="noopener"><u>iron and steel</u></a> from corrosion in galvanized metal, as well as an alloy in bronze and brass.</p><p>73% of refined zinc is imported.</p><p><a href="https://www.foxbusiness.com/markets/copper-prices-hit-record-high-after-trump-announces-50-import-tariff" target="_blank" rel="noopener"><strong><u>COPPER PRICES HIT RECORD HIGH AFTER TRUMP ANNOUNCES 50% IMPORT TARIFF</u></strong></a></p><p>Germanium is a byproduct of zinc processing that is used in <a href="https://www.foxbusiness.com/category/tech" target="_blank" rel="noopener"><u>fiber optics</u></a>, infrared night vision systems and polymerization catalysts – with demand rising dramatically in recent years per USGS. </p><p>The agency found in its March report that 50% of U.S. germanium supplies were domestic and 50% imported.</p><p>Copper is the third-most commonly used and consumed industrial metal behind iron and aluminum. About three-fourths of copper is used in electrical capacities such as power transmission and generation, wiring, telecommunications and electronic products. </p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p>A little more than half, or 55%, of refined U.S. copper supplies were sourced domestically, while 45% is imported.</p><p><i>FOX Business' Stephen Sorace contributed to this report.</i></p>
Trump approves Alaska project for mining critical minerals: what is the economic importance?

Californians tempted to leave it all behind for Miami's scorching real estate market

about 1 month ago
<p>Though California and Florida share several similarities — warm climates, expansive beaches, large populations and diverse cultures — many Californians are leaving the high-tax, heavily regulated state and flooding into <a href="https://www.foxbusiness.com/category/fox-news-florida" target="_blank" rel="noopener">the Sunshine State’s</a> luxury market.</p><p>"Miami represents a new start, a refreshing reset. I think that it's a place where policies, economics and lifestyle align together very well," Mast Capital CEO Camilo Miguel, Jr., whose company is developing the Cipriani Residences Miami and The Perigon Miami Beach, told Fox News Digital.</p><p>"It's definitely good for their wallets and helps them have a little bit more buying power," he continued. "The advantages here outweigh the drawbacks there."</p><p>At the under-construction Cipriani, 40% of its summer buyers came from the West Coast. In the last six months, web traffic has risen 14% to rank just behind New York in terms of domestic traffic. Additionally, at The Perigon, about 10% of its buyers are from California.</p><p><a href="https://www.foxbusiness.com/media/miamis-next-legacy-moment-city-leaders-say-theyre-ready-they" target="_blank" rel="noopener"><strong><u>MIAMI'S NEXT LEGACY MOMENT: CITY LEADERS SAY THEY'RE READY — ARE THEY?</u></strong></a></p><p>The units between both buildings have starting prices that range in the low millions to $12.5 million, with completion expected between 2027 and 2028.</p><p>On a broader scale, <a href="https://www.pods.com/blog/people-leaving-california" target="_blank" rel="nofollow noopener"><u>PODS data released</u></a> earlier this year showed nearly 240,000 residents left California from 2023 to 2024 – the largest exodus of any U.S. state. More than 39,000 of those people moved to Florida during that time frame.</p><p>"I think it starts with the convergence of lifestyle and business – zero state income tax, business-friendly policies, year-round outdoor living. I think it's also a great transition for a California resident to be moving here to Florida because of the fact that you get to still enjoy and embrace the outdoors, the fact that we're a great coastal city, the sheer fact that we have access to do pretty much anything you can within 15 minutes of where you live," Miguel explained.</p><p>"I think that convergence is very helpful," he expanded, "and it's really been a magnet for financial giants as well from all over the country … It’s just <a href="https://www.foxbusiness.com/real-estate" target="_blank" rel="noopener">a real estate story</a> … Crime is certainly a part of the discussion. I think the political climate does come up, but in general, I think overall quality of life takes the lead in those conversations."</p><p>Knowing that serious capital is flowing in and Californians aren’t just window shopping, Miguel’s team increased their sales events in the Los Angeles area. The pitch they bring is being "very well received."</p><p>"It goes back to the quality of life story, quality of product, quality of environment," he said. "I think the people buying here from California that we are selling to have an intention to move here and live here … The intention here is to make this a full relocation and make this their permanent move in their permanent home."</p><p>For Mast Capital, New York may remain at the top of its buyer migration list, but California brings nearly equal value. A <a href="https://www.ntu.org/foundation/detail/florida-continues-to-attract-new-residents-new-york-california-and-illinois-lose-the-most-population" target="_blank" rel="noopener">May 2025 report from the National Taxpayers Union Foundation</a> backs that claim, finding that the Golden State lost about $4.5 billion in adjusted gross income last year, with New York close behind, while Florida gained roughly $4.1 billion.</p><p><a href="https://www.foxbusiness.com/apps-products" target="_blank" rel="noopener"><strong><u>GET FOX BUSINESS ON THE GO BY CLICKING HERE</u></strong></a></p><p>"I don't think that California will <a href="https://www.foxbusiness.com/video/6380535163112" target="_blank" rel="noopener">surpass New York</a>. And I just fear it's a more organic and more natural extension of New York, Miami [is]," Miguel said. "Miami has always been a place that New Yorkers have visited and vacationed and held second homes, although they're becoming primary residents. But I do think that California will continue to be a close second to New York going forward."</p><p>"If you look at it domestically, Chicago, Texas, Washington, D.C., Boston, I mean, those are all places where we're seeing buyers buying in Miami in our projects. It's quite interesting to see that dynamic evolve and improve and grow," he noted. "And Florida in general is really just kind of outperforming the country."</p><p><a href="https://foxbusiness.com" target="_blank" rel="noopener"><strong><u>READ MORE FROM FOX BUSINESS</u></strong></a></p>
Californians tempted to leave it all behind for Miami's scorching real estate market

Former Bud Light consultant speaks out on how brand lost its way

about 1 month ago
<p>A former Bud Light consultant behind some of the company’s biggest ads is speaking out about how he feels the brand lost its way and what they can learn from American Eagle’s Sydney Sweeney ad.&nbsp;</p><p>John Immesoete, who worked as the Group Creative Director for DDB Chicago 1995-2005, was the force behind some of Bud Light’s iconic spots, including the Real Men of Genius campaign, told Fox News Digital that he attributes the takeover by InBev as a turning point for the brand.</p><p>"When InBev took over, they basically acted like they knew everything better than anyone else. They had their own ways of doing things. There was a famous quote they had with some guys in a meeting where they were showing all the work that was done in the past and there were a lot of Clyde sales commercials that were quite famous. Somebody at Inbev had said, ‘tell me this, how do horses help sell beer?’ It's like well, if you don't know, you don't know."</p><p><a href="https://www.foxnews.com/food-drink/gen-z-breaks-traditional-beer-rules-new-ice-cold-trend-some-call-refreshing"><strong>GEN Z BREAKS TRADITIONAL BEER RULES WITH NEW ICE-COLD TREND THAT SOME CALL 'REFRESHING'</strong></a></p><p>Immesoete, who has just released a documentary "Once There Was a Brewery" which tracks the history of Bud Light and what led up to their catastrophic <a href="https://www.foxnews.com/media/dylan-mulvaney-reflects-bud-light-backlash-almost-2-years-later-the-view">partnership with Dylan Mulvaney</a>, said the beer company’s success can be attributed to an ethos spearheaded by its co-founder Adolphus Busch that "making friends is our business." He said that by partnering with Mulvaney, a transgender influencer, the brand needlessly alienated many of its fans and much of the country.</p><p>"I don't think that Dylan Mulvaney fiasco was necessarily just because this was a trans person. I think it was I think they did not do her a service by really giving her a bad script. It was a bad execution," Immesoete told Fox News Digital, "It didn't fit the brand character at all. Making friends is our business. I mean, this was a rather lonely video, somebody breaking the fourth wall. It wasn't an entertaining, funny story that people could relate to. It made it seem like her face was going to be on every can that was out there. That would be polarizing. I really couldn't reverse engineer that particular commercial to understand what they were trying to do."</p><p>Bud Light sparked a national outcry in 2023 after <a href="https://www.foxnews.com/media/dylan-mulvaney-says-religion-faith-used-against-trans-community-hopes-people-feel-ashamed">Mulvaney released a spot</a> advertising Bud Light on social media. Boycotts ensued, and InBev, which took over Anheuser-Busch in 2008, experienced a $4 billion loss in market capitalization in the immediate aftermath. Bud Light lost its spot as the top beer in retail sales to Modelo.</p><p><a href="https://www.foxnews.com/media/cracker-barrels-new-text-only-logo-how-you-destroy-brand-critics-claim"><strong>CRACKER BARREL'S NEW TEXT-ONLY LOGO IS 'HOW YOU DESTROY A BRAND,' CRITICS CLAIM</strong></a></p><p>The beer maker's trouble grew when Bud Light advertising executive Alissa Heinerscheid, who left the company following the disastrous ad, said that Bud Light’s brand was categorized by "fratty, kind of out-of-touch humor" in a 2023 interview. Immesoete said that her comments potentially did more damage than the ad itself.&nbsp;</p><p>He feared that the Mulvaney ad may have done irreparable damage to the Bud Light brand.&nbsp;</p><p>"I don’t know if they can ever come back from being considered the biggest disaster in marketing advertising history," Immesoete told Fox News Digital.</p><p>Immesoete contrasted Bud Light’s Mulvany ad with American Eagle’s <a href="https://www.foxnews.com/media/sydney-sweeney-jeans-ad-signals-major-cultural-turning-point-industry-experts-say">Sweeney ad</a>, which saw the buxom blonde actress donning American Eagle Jeans with the slogan "Sydney Sweeney has good genes." This ad also triggered a social media firestorm, but in this instance, Immesoete said the backlash actually helped the brand.</p><p><a href="https://www.foxnews.com/media"><strong><u>CLICK HERE FOR MORE COVERAGE OF MEDIA AND CULTURE</u></strong></a></p><p>"The haters actually fueled its popularity. I think a lot of the consumers in that particular case, didn't agree with the haters, and it propelled it even farther. I'm sure that American Eagle is happy they did that ad. The people that didn't like it probably weren't their consumer to begin with. And that's not necessarily bad," he said. "I think with Bud Light, they tried to create advertising that would have, again, appealed to a very, maybe their social media bubble, but they didn't understand their broader consumer, which was, you know, the entire country."&nbsp;</p><p>Bud Light declined to comment.</p>
Former Bud Light consultant speaks out on how brand lost its way