Business

A lunch at the Saudi royal court in Riyadh gave President Donald Trump, Saudi leaders and numerous business executives an opportunity to rub shoulders Tuesday. The lunch was part of Trump's high-stakes tour of the Persian Gulf region, targeting business deals and strategic partnerships with three oil-rich nations — Saudi Arabia, the United Arab Emirates and Qatar. A list obtained by FOX Business and media reports Tuesday indicated the lunch in Riyadh had quite a few business executives present, including the following people, some of whom have been critical of...

The chaos caused by President Trump’s tariffs have been a bitter pill to swallow for those planning to open a restaurant in the Big Apple – including a sweets shop from the scion of the famed Zabar family. For now the candy prices are stable and comparable to other hotspots as foodie entrepreneurs appear to be eating the higher prices they’ve been paying thanks to the uncertainty of tariffs, and other issues. Sasha Zabar, who on Thursday is launching Glace Candy, a new global candy store next to his viral...

The National Hockey League announced on Tuesday that a minority owner of the Florida Panthers has been suspended due to his social media activity.Doug Cifu got into a spat with a Toronto Maple Leafs fan that turned into a discussion about the Israel-Palestine conflict and Cifu mentioning Canada as the "51st state."Florida and Toronto are currently facing off in the second round of the Stanley Cup Playoffs.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMThe series has been rather chippy, which began with a high hit from Florida's Sam Bennett on...

On the day that Mélanie Joly was sworn in as Canada’s new Industry Minister, one of the world’s largest automakers served warning that she has her work cut out for her, when it comes to maintaining any momentum for this country’s nascent electric-vehicle sector. The announcement by Honda Canada that it is delaying its $15-billion plans to make EVs and EV batteries in Ontario, by at least two years, is on its face less damaging than some other recent setbacks for the industry. Nobody is being laid off, as when...

Vermont Governor Phil Scott paused the state’s electric vehicle sales requirements for passenger cars and medium and heavy-duty trucks on Tuesday, amid broader concerns about the feasibility of zero-emission vehicle rules pioneered by California. Vermont is one of 11 states including New York, Maryland and Massachusetts that have adopted California’s zero-emission vehicle rules, which seek to end the sale of gasoline-only vehicles by 2035. California’s rules require 35% of light-duty vehicles in the 2026 model year to be zero-emission models.

That fits within the parameters laid out in the budget blueprint Congress adopted earlier this year, which allowed the House Ways and Means Committee up to $4.5 trillion for changes that could increase the deficit. Tables from the JCT, which is the official revenue scoring body of Congress, show that extensions of the 2017 tax cuts and other measures will add about $5.6 trillion to the deficit, while cuts to renewable energy incentives and amped international tax enforcement will reduce the deficit by about $1.9 trillion. The deficit addition is...

A bill in the Oregon Senate aims to make new apartment projects on the margin viable in exchange for affordable units. Senate Bill 684 would establish a fund, seeded with state dollars, for apartment developers to tap low-interest loans. The loan fund was inspired by a similar program in Montgomery County, Maryland. Championed by Sen. Khanh Pham, D-Portland, the bill has garnered bipartisan support, advancing out of two committees so far and now before the Joint Committee on Ways and Means. Backers are seeking a general fund investment of $25...

The spacious property located in the 100 block of Rodriguez Court in San Ramon was sold on April 2, 2025. The $2,575,000 purchase price works out to $676 per square foot. The house, built in 2005, has an interior space of 3,810 square feet. This is a two-story house. The property is equipped with 219 heating and 103 cooling. Additionally, the home comes with type not specified. Situated on a spacious 0.4-acre lot, the property offers ample outdoor space. These nearby houses have also recently been purchased: • In June...

Popular commission-free U.S. brokerage Robinhood Markets Inc. HOOD-Q is entering the Canadian market with a $250-million deal to acquire cryptocurrency company WonderFi Technologies Inc. WNDR-T. The deal, which is subject to shareholder and regulatory approval, values WonderFi at 36 cents per share, representing a 41-per-cent premium over its closing price on Monday. WonderFi closed at 34.5 cents per share, up nine cents or 35 per cent, on the Toronto Stock Exchange on Tuesday. The acquisition is the latest example of consolidation in a sector that has surged in recent months...

Shares of apparel retailer American Eagle Outfitters (AEO) dropped in extended trading Tuesday after the company pulled its 2025 outlook, saying its first-quarter results were "clearly" disappointing. American Eagle's shares, which rose more than 5% in Tuesday's regular session, were recently off 15% in late trading, pointing toward prices just a bit above year-to-date lows. The company, in an afternoon press release, said first-quarter revenue was expected to fall about 5% year-over-year, with comparable-store sales off about 3%.