The European Commission laid out its green industrial plan on Thursday, designed to ensure that Europe is a leading producer of clean technologies and not just a global frontrunner in cutting carbon dioxide emissions. Race is On The European Union plan is a bid to boost Europe’s industrial competitiveness – […]
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US court says French, Swiss groups cannot restrict ‘gruyere’ cheese label
The name “gruyere” can be used to label cheeses from outside of the Gruyère region of Switzerland and France, a U.S. appeals court said on Friday, in a victory for U.S. dairy groups and others. The Richmond, Virginia-based 4th U.S. Circuit Court of Appeals upheld a U.S. Patent and Trademark […]
Payments firm PayPal to lay off 7% of its workforce to cut costs
Alexandria Real Estate founder Joel Marcus provides insight into the commercial real estate market. PayPal Holdings Inc said on Tuesday it is planning to cut 7% of its workforce, or about 2,000 employees, the latest in a list of fintech firms to be hit by the economic slowdown. The payments […]
Cryptoverse: Big investors edge back to bitcoin
‘The Bottom Line’ co-host Sean Duffy discusses Bitcoin and his new FOX Business show. Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly […]
Thailand’s ‘floating train’ a big hit as dam waters rise
Check out what’s clicking on FoxBusiness.com Tickets have been selling out fast in Thailand for rides on a special “floating train,” where passengers have been enjoying the illusion of aquatic rail travel due to a post-monsoon rise in water levels. Tourists enjoy after a train stops at the middle of […]
US hotels reel from China COVID curbs amid travel boom
Omni Hotels & Resorts Chairman Peter Strebel says there’s a ‘thirst’ for getting people back together during the holidays. U.S. hotel operators expect more pain from China’s strict COVID-19 lockdowns which have halted construction of some luxury properties and impeded travel to one of the world’s key tourism markets. Growth […]
US drillers add oil and gas rigs for second week in a row: Baker Hughes
Pennsylvania Rep. Guy Reschenthaler and The Heritage Foundation’s Andy Puzder discuss the implications of the Keystone State moving to expand ‘no-drill’ zones on ‘The Evening Edit.’ U.S. energy firms this week added oil and natural gas rigs for a second week in a row as relatively high oil prices encourage […]
Microsoft faces new EU antitrust complaint on cloud computing practices
Fitz-Gerald Group chief investment officer Keith Fitz-Gerald discusses tech and energy stocks ahead of the opening bell. Microsoft faces a new antitrust complaint over its cloud computing practices as trade group CISPE, whose members include Amazon, took its grievance to European Union antitrust regulators on Wednesday. CISPE has alleged that […]
Refiner Phillips 66 to boost investor returns by up to $12B
Rep. Scott Perry, R-Pa., predicts Democrats will ‘suffer’ a ‘crushing defeat’ in the November midterm elections. Refiner Phillips 66 said on Wednesday it plans to return up to $12 billion more to shareholders by end-2024 through dividends and stock buybacks, sending its shares up 2.3%. Refiners have minted huge profits […]
IBM launches its most powerful quantum computer with 433 qubits
Check out what’s clicking on FoxBusiness.com International Business Machines Corp on Wednesday said it launched its most powerful quantum computer to date called the Osprey, a 433-qubit machine that has three times the number of qubits than its Eagle machine announced last year. The number of qubits, or quantum bits, […]