Here's who Netflix just brought in to run content — and what it means for the streamerPeter Rice brings a wealth of experience in TV and film, including scripted and unscripted shows, live sports, prestige television and theatrical distribution.{}
KFC to switch to Coca-Cola beverages in U.S. restaurants for the first time in decadesKFC is switching from PepsiCo to Coca-Cola as its beverage supplier for U.S. restaurants.{}
Costco shakes things up by offering new diaper brand for certain shoppersCostco has expanded its online diaper selection with Kudos, a premium brand featuring cotton liners and leak protection, but shoppers won't find it in warehouses.
Costco is expanding its diaper selection with a new premium brand, but as of now, shoppers won't find it in the retailer's warehouses.
The warehouse club is now offering Kudos diapers exclusively online, with prices starting at $47.99 per package, giving parents who make their purchases through the company's website another option alongside brands such as Huggies, Pampers and Costco's Kirkland Signature.
According to Costco's website, Kudos diapers are available in sizes 1 through 6, with size 1 priced at $47.99 per package, or approximately 34 cents per diaper. Shipping and handling are included, with delivery estimated at five to seven business days.
Unlike many conventional disposable diapers, Kudos products feature a 100% cotton liner that sits directly against a baby's skin instead of a plastic liner, according to the manufacturer.
COSTCO RECEIVES $184M IN TARIFF REFUNDS, SAYS MOST WILL GO TOWARD LOWER PRICES
Kudos also advertises its diapers as totally chlorine-free and OEKO-TEX Standard 100 certified. The company says its products are made without fragrances, lotions, natural latex, parabens or phthalates.
The company's patented DoubleDry technology features two absorbent layers designed to provide more than 12 hours of leak protection, according to the manufacturer.
The brand was founded by Amrita Saigal, an MIT-trained engineer and former Procter & Gamble employee, who set out to develop disposable diapers made with more cotton and less plastic.
Saigal discussed Kudos' growth and expansion into Costco during an October appearance on The World's First Podcast. According to the episode's published description, the company has sold more than 100 million diapers and is on track to generate over $30 million in revenue in 2026.
The addition expands Costco's online baby-care offerings, though the retailer has not publicly confirmed whether it plans to bring Kudos diapers to its physical warehouses.
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FOX Business reached asked Costco if there are plans to offer Kudos to shoppers at their warehouse stores, but they did not immediately respond.
https://www.foxbusiness.com/retail/costco-shakes-things-up-offering-new-diaper-brand-certain-shoppersNike's India campus is a long-term growth bet amid turnaroundNike announced earlier this month that it's expanding into India. The retailer has been broadly struggling, especially in the China market.{}
Porsche reveals Mission S concept car that previews new design identityPorsche revealed a concept car called Mission S as part of a turnaround plan that includes efforts to boost profits through higher-end products and lower sales.{}
JetBlue’s new domestic first class, BlueFirst, is now on saleJetBlue announced that BlueFirst, its new domestic first class option, is available for booking on more than 30 routes. It launches December 8.{}
Southwest is overhauling its frequent flyer program. Here's what's changingSouthwest Airlines is overhauling its loyalty program and replacing A-List and A-List Preferred with three new tiers.{}
Merck CEO tells CNBC he expects breakthrough cancer vaccine will become faster to makeHis comments come after Merck officially opened its new 120,000-square-foot research facility in the Greater Philadelphia area.{}
How lower fuel economy targets could boost pickups and V-8 enginesAn analyst who follows the industry says there are four ways recent changes to fuel economy rules will shift investment toward the most profitable segments.{}
Morgan Stanley tops estimates as equities trading revenue beats expectations by $909 millionMorgan Stanley topped expectations on the top and bottom lines for the third quarter.{}
Bank of America shares drop after third-quarter revenue miss and regulatory penaltyBank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.{}
CEO SUNDAY: Nothing Bundt Cakes CEO shares the career advice that stuck with him: 'It’s OK to be vulnerable'Nothing Bundt Cakes CEO Dolf Berle told FOX Business that discipline, vulnerability and lessons from his early days on a dairy farm continue to influence his leadership style.
Nothing Bundt Cakes CEO Dolf Berle said that some of the biggest lessons shaping his leadership came long before he reached the C-suite – including from his first job on a dairy farm.
Berle told FOX Business that the "discipline around success routines" he learned through dairy farming still influences how he takes care of himself and runs a business.
"For me, the habit that has made the biggest difference is the discipline around success routines – both in terms of self-care, but also running a business – that came out of my youth in dairy farming," he said.
Before taking the helm of Nothing Bundt Cakes, Berle held leadership roles at Topgolf, Dave & Buster's, Lucky Strike Lanes, House of Blues and ClubCorp.
CEO SUNDAY: TROPICAL SMOOTHIE CAFE CEO SAYS 'LISTENING AND LEARNING' ARE KEYS TO SUCCESS
Berle has earned degrees from Harvard University and the University of Zimbabwe and has won world and national championship medals in pole vault, heptathlon and decathlon. He also competed on "American Ninja Warrior."
Another lesson that has shaped his leadership is the importance of vulnerability.
"The best piece of career advice that I've received is that it's OK to be vulnerable because people connect through vulnerability," he said.
Berle said that openness can help leaders better understand and support their teams.
That approach also shapes one responsibility Berle said he prefers not to delegate, which is delivering difficult news.
CEO SUNDAY: DENNY’S CEO SHARES THE SIMPLE RULE GUIDING HIS TURNAROUND OF THE ICONIC DINER CHAIN
"When there's something very difficult or very hard that needs to be conveyed to a partner or to someone you're working with, I like to do that myself because I really want to explain why we're doing what we're doing," he said.
"I want to try to be compassionate around the feelings that this may cause for someone, but also be clear about the fact that what we are doing is for the good of the overall business and the team going forward."
Berle also pushed back on the idea that being a CEO is "glamorous."
"I think some people think that being a CEO is glamorous, and actually that is not the case," he said. "It's a servant role. It's a role that deals with many of the most difficult things."
He added, "It's very meaningful and fulfilling, but I don't think it's glamorous."
CEO SUNDAY: GOLDEN CORRAL CEO REVEALS THE ONE HABIT HE’LL ‘NEVER BREAK’ AFTER 41 YEARS
For people looking to enter the food and beverage industry, Berle said two things matter, including finding the right people and finding a business that is growing.
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"First of all, this is a people business, so you need to respect and also enjoy the time with a team," he said. "And the second one is that I think the most joy comes from being part of a growing business."
If he weren't leading Nothing Bundt Cakes, Berle said he'd pursue a very different calling.
"If I were not doing this job, I would try to be the next Mr. Rogers."
https://www.foxbusiness.com/business-leaders/ceo-sunday-nothing-bundt-cakes-ceo-shares-career-advice-stuck-him-its-ok-be-vulnerableBank of America hired 1,000 contractors to patch software flaws exposed by Anthropic's MythosBank of America hired 1,000 contractors to patch software flaws exposed by Anthropic’s Mythos, offering a rare look at costs involved in defending against AI.{}
Netflix to lay off roughly 1,000 employees, or 6% of workforceNetflix will lay off roughly 6% of its workforce, according to a memo obtained by CNBC.{}
Delta's business-class revamp: New seats, menus, plates and more PorschesDelta is upgrading its top-tier Delta One cabin with new suites for its largest A350 plane, starting next year.{}
United Airlines is making it harder to reach its top frequent flyer status in 2027United Airlines is doing away with flight segment as a way to reach Premier status and increasing the spending requirements for Premier 1K.{}
Walmart to cover some GLP-1s, inhalers and insulin for employees at no cost as it expands benefitsWalmart will offer Novo's Ozempic and Lilly's Mounjaro without charge for people with Type 2 diabetes after a new prior authorization.{}
Airport attacks put aviation in crosshairs of geopolitical conflictsDeadly attacks at Riyadh’s main airport are disrupting airlines, closing airspace and raising new security questions for commercial aviation.{}
Trump faces bipartisan backlash over Russia sanctions waiver, causing top Republicans to break ranksPresident Donald Trump's waiver of Russia sanctions under the Graham Act sparked fierce bipartisan backlash from senators and foreign leaders.
President Donald Trump's decision to waive new sanctions on Russia is drawing sharp criticism from Republicans and Democrats alike, with several prominent GOP figures warning that the move could embolden Russian President Vladimir Putin as Moscow continues its war against Ukraine.
Trump signed an executive order Friday waiving key Russia-related sanctions and tariffs under the Graham Act, legislation he signed into law last month aimed at increasing economic pressure on Moscow.
The law, backed by the late Sen. Lindsey Graham, R-S.C., authorized tariffs of up to 100% on certain goods imported into the United States from major buyers of Russian oil and gas.
Former U.N. Ambassador Nikki Haley reposted FOX Business' reporting on Trump's executive order, calling the president's decision a potentially defining moment.
TRUMP WAIVES MANY RUSSIAN SANCTIONS, TARIFFS UNDER NEW LAW BACKED BY LINDSEY GRAHAM
"There are certain decisions that will go down as history-defining moments. This is one of them. It's a terrible misjudgment of Putin, who has made it clear he wants to destroy the West. We shouldn't help him do it," Haley posted on X.
Sen. Ted Cruz, R-Texas, also criticized the decision during an appearance Saturday on Fox News.
"Look, I wish the president hadn't done it. I think it was a mistake," Cruz said.
Cruz acknowledged that Trump was likely focused on rising fuel costs, including diesel and gasoline prices.
When asked by Fox News' Aishah Hasnie whether he would tell Trump not to waive the sanctions, Cruz answered: "I would, yes."
TRUMP'S CANADA TRADE WAR IS ENTERING A DANGEROUS NEW PHASE FOR THESE BATTLEGROUND STATES
Trump wrote in the order that the waiver was in the "national interests of the United States."
Asked Saturday by reporters about his decision to waive the sanctions, Trump defended his approach.
"A lot of you don't know what my decision is yet, but we'll figure it out, and you'll figure it out," Trump said.
"It's a very good decision, and it's going to be a decision that's good for the country, and I think good for the world because we're really at a world stage," he added.
Sen. Thom Tillis, R-N.C., called the decision "beyond irresponsible."
"What part of enforcing a law passed 86-11 by the Senate does the President and his advisors not understand?" Tillis wrote on X. "It’s unconscionable that this administration is capitulating to a Russian dictator who illegally invaded Ukraine and butchers innocent civilians every single day."
TREASURY SHOWS OFF NEW TRUMP DOLLAR COIN, URGES AMERICANS TO SPEND IT AT LIBERAL COFFEE SHOPS
Sen. Richard Blumenthal, D-Conn., who helped draft the Graham Act, also criticized Trump's decision, accusing the president of turning his back on lawmakers and European allies.
"These waivers have nothing to do with our national security, and everything to do with sucking up to Vladimir Putin," Blumenthal said.
Ukrainian President Volodymyr Zelenskyy warned Saturday that the sanctions relief could encourage Moscow to continue its attacks on Ukraine.
"The decision to undo all of this, to block all of it, seems wrong to me," Zelenskyy wrote on X. "It definitely helps only the Russians."
"It only fuels their satisfaction and their desire to keep killing people," he added.
The waiver comes amid rising diesel and gasoline prices linked to the conflicts in Iran and Ukraine. Trump recently reached an agreement with Putin under which Russia would release millions of tons of diesel into global markets.
TRUMP'S INVESTMENT PUSH HITS EUROPE AS IRISH PM EYES NEXT TARIFF BREAK
Friday's executive order does not affect certain Russia-related sanctions imposed under previous executive orders.
Sen. Darline Graham, R-S.C., who succeeded her late brother, also expressed disagreement with Trump's decision.
"Personally, I would choose to keep the pressure on Russia," she told reporters, according to Reuters. "Because I don't trust Putin and I don't trust Russia."
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FOX Business' Brie Stimson contributed to this report.
https://www.foxbusiness.com/politics/trump-faces-bipartisan-backlash-over-russia-sanctions-waiver-causing-top-republicans-break-ranksUnitedHealth Group tops estimates, hikes profit outlook as insurer manages high medical costsUnitedHealth Group said it expects 2026 adjusted earnings of at least $20.50 per share, up from a previous outlook of $19.50 to $20.00 per share.{}
FAA warns U.S. airlines of safety risks over Saudi Arabia after attacksThe FAA warned U.S. airlines about flight risks over Saudi Arabia as Riyadh airport attacks disrupt travel and Delta weighs an Oct. 23 launch.{}
Why the NFL’s most valuable franchise – the Dallas Cowboys – can win by losingHas Jerry Jones, the Dallas Cowboys owner, president and general manager, found a way to capitalize on "America's Team" whether it wins or loses?
After the Dallas Cowboys fell to 2-3, losing at home to the then-winless Tampa Bay Buccaneers, a fan wearing a team jersey went viral on social media for taking the TV he watched the game on, tossing it under the wheels of his massive truck and running over it.
If Jerry Jones saw that video — and knowing his awareness of what fans say about his team, he probably did — he would grin. Maybe chuckle.
Who’s actually winning here?
Every year, the NFL has one storyline threaded through all the others: Is this the year the Dallas Cowboys finally get back to winning Super Bowls? That storyline keeps fans like the TV man coming back every year, buying the star-studded Cowboys merch as soon as it’s available, watching the games and keeping Jerry’s team "relevant."
For the last 30 years, the question of Super Bowls has been answered in the negative. The Cowboys haven’t won that prize in that long.
For most of the decades from the team’s founding in 1960 to the mid-1990s, such a drought was unthinkable. The Cowboys rose from nothing in the mind of Tex Schramm and the brilliance and character of Tom Landry to become not just any football team, but "America’s Team."
They were built to win with a sizzling offense and the flex defense. Up to their last Super Bowl win in 1996, they were one of just two teams that owned five world titles.
After the Bucs humiliated them at home last week, the Cowboys are facing the likely prospect of missing the playoffs again. Some seem surprised by this after they came out of a quiet offseason and what seemed to be a successful preseason.
While they’re mediocre on the field, off the field, the Cowboys are walking on sunshine. Despite two entire American generations having never seen them lift the Lombardi Trophy, the Cowboys have become the most valuable sports franchise in the world. The latest numbers put them at $17 billion, according to Forbes.
How? They’re firmly run-of-the-mill. As GM, Jones consistently creates a lopsided team that can score a lot but can’t stop anyone else from scoring more.
But are we all missing the point of the Dallas Cowboys? Jerry Jones clearly has not built a team to challenge for and win titles year after year. They’re not doing that. He has hung his hat on being "relevant" and built one of the most successful businesses in the world.
COWBOYS OWNER JERRY JONES SHARES HIS RETIREMENT PLANS WITH A FORMER PRESIDENT
Jones gave the "relevant" game away in 2014 when Johnny Manziel entered the draft.
"If we had picked Manziel, he'd guarantee our relevance for 10 years," Jones said at the time. And, "If we pick the other guy — any other guy — it would be a ticket to parity, more 8-8 seasons."
His son, Stephen, had to talk him out of it, according to Jim Dent.
The "other guy" wasn’t just "any other guy." It was lineman Zack Martin, who helped the Cowboys to real 12-4 seasons. Manziel turned out to be relevant for about five minutes.
Jones gave it away again when he decided to trade away generational edge rusher Micah Parsons, who wanted $47 million, and then spent more for other players and got less productivity. He’s given that particular tell away multiple times, including by failing to get running back Derrick Henry, who was literally training in Dallas and would have easily fit under the salary cap and given Prescott a ground game to take the pressure off the aerial assault.
Instead, he signed a washed-up Ezekiel Elliott, for less money, but more of the feels from his earlier success. He paid Prescott the GDP of a small country to keep a marquee player around despite his having no record for winning when the playoffs are on the line and when defense proverbially wins championships.
The fact that it was Jones in the hot seat for all these calls brings up an issue that many Cowboys fans fault: Jerry Jones, the owner, is also Jerry Jones the general manager. He is the only NFL owner who owns that role. He also owns the longest current GM tenure by more than a decade. Some say he can’t fire himself, but of course he can if he wants to. It wouldn’t even take a phone call.
Any other NFL owner would have fired a GM with a similar record a long time ago. Fired him straight into the sun and moved on. But not Jerry Jones.
Yes, Jones is saving money by not having to pay someone else to be the GM. There are a few million that stay in his pocket. But that’s less interesting than the control he gets from being GM. And being GM keeps him poised to drop quotes and keep the Cowboys in the headlines.
And that’s the point. Stay in the headlines, puff up the brand, whether they’re in contention or not.
To Jones, being a flop of a GM isn’t a bug, it’s a feature. It’s part of the Cowboys’ "Will they win?" storyline. It’s part of the "relevance" Jones wants. It’s a box office that even Godzilla can’t stomp.
COWBOYS HIRE LONGTIME NFL COACH OUT OF RETIREMENT TO ADDRESS TEAM'S BRUTAL DEFENSIVE START
If he wanted to actually win, Dallas would’ve had someone else, or a lot of someone elses, occupy that chair long ago. He would have shored up the defense during the offseason, not after five games.
Yes, ego is a massive part of it. But so is Jones’ strategy of putting the business ahead of the sport.
The Dallas Cowboys are a money-printing machine. According to Forbes, they generate about $1.28 billion in revenue, the most it's ever measured for any sports team, and about $677 million in operating income, which is miles ahead of any other NFL team, even the ones that win. The stadium Jerry built was a spectacular World Cup host and is as much a concert venue hosting BTS as it is a home for the Cowboys.
Has Jones hacked the sports franchise business? Business first, on-the-field success a distant second, dollars roll in. Wins and losses matter a whole lot less than the value of the brand, and the five-pointed star, the silver helmets, the cheerleaders and the incredible stadium make for an unassailable brand. Being "relevant" means more than wins and losses. Jones has said so himself.
America’s Team doesn’t even need to win for Jerry Jones to win. In fact, it could be argued they’re incentivized to lose at this point. A bad season improves their draft position to pick up another "any other guy." The "Will they win?" storyline gets another sequel.
And somewhere out there, TV man shops for another TV while Jerry Jones grins.
https://www.foxbusiness.com/fox-news-opinion/why-nfls-most-valuable-franchise-dallas-cowboys-can-win-losingSenator warns ‘clock is ticking’ as Social Security funds run drySen. Bill Cassidy warns the 3.6% Social Security COLA could drain the trust fund faster, leaving Congress roughly five and a half years to act before retirees face steep benefit cuts.
Sen. Bill Cassidy, R-La., is warning that the "clock is ticking" for Social Security because higher cost-of-living adjustments (COLA) could accelerate the depletion of the program’s trust fund, adding urgency to an already looming funding shortfall.
FOX Business’ Darren Botelho joined "Varney & Co." to report on the senator's concerns about Social Security’s finances and the impact of rising prices on retirees.
The warning comes as beneficiaries prepare for a 3.6% cost-of-living adjustment in 2027, which Botelho reported would amount to roughly $75 more per beneficiary per month. The increase is intended to help recipients manage higher everyday expenses, but larger benefit payments also put pressure on a system facing a long-term financing gap.
SOCIAL SECURITY CHIEF BISIGNANO SAYS PROGRAM WILL 'BE AROUND FOR ANOTHER 90 YEARS'
Cassidy argued that the latest adjustment makes congressional action more urgent, warning of steep consequences if lawmakers fail to address the shortfall.
"The fact that the COLA is that much higher obviously reflects recent inflation, but I think it's going to drain the trust fund that much faster," Cassidy said.
"So, if we now have like 5½ years until the trust fund goes empty, at which point by law, there'll be a 28.5% benefit cut or Congress ignores the law and just starts to borrow money like crazy to pay benefits, the clock is ticking."
SOCIAL SECURITY ANNOUNCES COST-OF-LIVING ADJUSTMENT FOR 2027
Cassidy has proposed placing $1.5 trillion into a separate investment account to help narrow the projected funding gap. Botelho reported that Cassidy wants Congress to act before the situation worsens.
Meanwhile, advocates for older Americans say annual benefit increases are not necessarily keeping pace with the costs retirees face. AARP Senior Vice President Bill Sweeney pointed to concerns among older adults who depend on monthly payments.
"Seventy-six percent of older adults tell us that it isn't enough, that the COLA isn't keeping up with inflation. … These are people who really rely on Social Security and especially the COLA to make sure that they can continue to pay their bills. " Sweeney said.
The competing pressures leave lawmakers facing a difficult question of how to protect retirees’ purchasing power while addressing Social Security’s long-term finances.
https://www.foxbusiness.com/media/senator-warns-clock-ticking-social-security-funds-run-dryDelta delays debut of Saudi Arabia service until March after Riyadh airport attacksDelta planned to begin the route on Oct. 23, in what would have marked the first nonstop commercial flight between the U.S. and Saudi Arabia.{}
McDonald's is leaning into chicken and drinks to grow. New data shows it could be a tough taskMcDonald's is targeting growth in chicken and beverages, but Consumer Edge data shows Chick-fil-A and coffee chains gaining in customer spending.{}
Mark Ruffalo calls Gavin Newsom's billionaire tax stance 'disqualifying' ahead of California voteMark Ruffalo slammed Gavin Newsom for opposing California's billionaire wealth tax, calling it "disqualifying" for anyone with ambitions for higher office.
Actor Mark Ruffalo criticized California Gov. Gavin Newsom over his opposition to a proposed billionaire wealth tax, accusing the Democrat of siding with wealthy interests over working families and questioning his suitability for higher office.
"It’s beyond sad," Ruffalo posted on X. "It’s beyond disappointing; at this point, it’s disqualifying for anyone with ambitions for higher office as a Democrat, or a Republican, for that matter, to be fighting to keep billionaires from being taxed while kids don’t have health insurance and the cost of living goes sky-high."
Ruffalo's comments come weeks before California residents head to the polls to vote on Proposition 40, a ballot initiative that would impose a one-time tax equal to 5% of net worth on billionaires who were California residents on Jan. 1, 2026, if approved.
The tax would be due in 2027, although payments could be spread over five years at an additional cost. Real estate, pensions and retirement accounts generally would be excluded from the tax.
While the measure has been endorsed by the California Democratic Party, some prominent Democrats, including Newsom, have opposed it.
Ruffalo made the remarks Friday while reposting criticism from Rep. Ro Khanna, D-Calif., a supporter of the billionaire wealth tax who objected to Newsom's support for Proposition 42, a separate measure on the Nov. 3 ballot.
Proposition 42 would prohibit California from establishing new state taxes on the ownership of financial assets and other personal property and certain retroactive taxes. If approved, it could prevent Proposition 40 from taking effect.
Khanna's post included an image of a Newsom-backed advertisement urging Californians to vote "yes" on Proposition 42.
Ruffalo also criticized Newsom's political image, arguing that the governor, who has been discussed as a potential Democratic presidential candidate in 2028, should focus on economic concerns rather than his public persona.
REAGAN ECONOMIST WARNS BILLIONAIRE TAX WOULD ‘DESTROY’ CALIFORNIA
"Gavin, we aren't looking for the Democratic version of Trump. That was a good goof. Please try something else. It's tired," Ruffalo said.
"The people need a champion, man. A real, bona fide champion who isn't just tough in tweets or press conferences, but tough when it comes to the real imbalances people are struggling with every day: billionaires vs. people and the planet."
Ruffalo also accused Newsom of repeatedly prioritizing business interests over ordinary Californians.
"Time and time again, he goes with corporate interests over the well-being of the people, even after his own bipartisan legislature votes for something," he said.
Other prominent figures, including billionaire Mark Cuban, have spoken out against the proposed wealth tax.
California entrepreneur Eric Schiffer, chairman of the family office Patriarch and CEO of Reputation Management Consultants, previously told FOX Business that the proposed tax could drive entrepreneurs and business leaders out of California.
"I think the impact of this passing in California is a giant sucking sound of all of these entrepreneurs being sucked out of California because they're just not going to want to stay," Schiffer said.
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Ruffalo also urged Newsom to reconsider his position.
"Let's hope Gavin gets some sense and walks this back. It's crazy that this is what he chooses to spend his political capital, and part of his legacy, doing."
FOX Business has reached out to Newsom's office for comment.
https://www.foxbusiness.com/politics/mark-ruffalo-calls-gavin-newsoms-billionaire-tax-stance-disqualifying-ahead-california-voteTrump waives many Russian sanctions, tariffs under new law backed by Lindsey GrahamPresident Donald Trump on Friday said he was waiving many Russian-related sanctions and tariffs under a new law backed by late South Carolina Sen. Lindsey Graham.
President Donald Trump on Friday said he was waiving many Russian-related sanctions and tariffs under a new law backed by late South Carolina Sen. Lindsey Graham.
The Graham Act, which Trump signed into law last month, would have imposed sanctions of up to 100% on all goods brought into the United States from the largest importers of Russian crude oil and gas to countries that knowingly bought Russian oil 30 days after the law went into effect.
Trump said the waiver was in the "national interests of the United States."
TRUMP SAYS RUSSIA HAS AGREED TO DELIVER MILLIONS IN DIESEL FUEL AFTER 'HIGHLY SUCCESSFUL DISCUSSION'
"I have submitted to the Congress a certification that the issuance of such a waiver at this time is in the national interests of the United States," he said.
Trump’s executive order comes after he made a deal with Russian President Vladimir Putin by which the Kremlin agreed to eventually release millions of tons of diesel into the global market amid soaring prices.
That deal came as diesel prices have risen amid the wars in Iran and Ukraine, with Republicans urging Trump to bring costs down ahead of November's midterm elections.
Trump also publicly criticized Ukrainian President Volodymyr Zelenskyy last week, telling reporters that it was "time for Ukraine to get a new president" and warning the Ukrainian leader to stop attacking Russian oil refineries amid tensions over the new U.S. deal with Moscow.
TRUMP'S CANADA TRADE WAR IS ENTERING A DANGEROUS NEW PHASE FOR THESE BATTLEGROUND STATES
Friday's executive order does not affect certain Russia-related sanctions imposed under previous executive orders.
The waiver also allows the president to determine whether additional action is necessary.
The House of Representatives passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 last month. The legislation was named after the late South Carolina Republican, a staunch supporter of Ukraine who died suddenly in July.
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Reuters contributed to this report.
https://www.foxbusiness.com/politics/trump-waives-many-russian-sanctions-under-new-law-backed-lindsey-grahamStarbucks says it is not buying Chipotle after takeover speculation"Starbucks is not buying Chipotle," a Starbucks spokesperson told CNBC.{}
From BJ’s to Lululemon, retailers are trimming assortments to boost businessRetail brands are shrinking assortments to get back to healthy growth, while box stores are culling products to better curate offerings and stabilize business.{}
LARRY KUDLOW: No fracking, free health insurance for illegal immigrants — is that really affordability?No wonder the purported Democratic blue wave may not pan out in the upcoming midterm elections
Even the New York Times is worried that the Democratic blue wave is not really going to pan out in the midterms 18 days from now. In fact, their piece this morning is headlined: "Democrats Worry That a Few Senate Races in Bluer States Aren’t Slam Dunks." Of course they cite Abdul El-Sayed in Michigan, Troy Jackson in Maine, Peggy Flanagan in Minnesota. Yet they left a few out.
James Talarico in Texas who is against oil and gas drilling, and raising cattle or beef meals. Apart from his gender confusion regarding the Lord and the Bible.
And at last night’s debate, the former Alaska Congresswoman, Mary Peltola, fell on her sword when she was answering debate questions with Senator Dan Sullivan (the real Dan Sullivan), by reading off of index cards in full view, which means that either A) she doesn’t know the issue, or B) she got fed the questions ahead of time. Anyway, Mr. Sullivan whooped her in the debate, on the merits. You know why? Because she’s against fossil fuels, which is the Alaskan cash crop.
The Wall Street Journal’s Kim Strassel wrote about it today: "Alaska Considers Economic Suicide." Basically, under the Biden years, with Ms. Peltola’s support, Democrats banned oil and gas leases, mining projects, timber harvests, stopped new roads, cut back on defense. No oil and gas leases offshore. No national petroleum reserve. No liquefied natural gas money. No oil or gas leases in the Arctic National Wildlife Refuge.
Plus a voting record of chronic absenteeism. And even away from Alaska, remember, the Bidens killed the Keystone Pipeline. There’s another reason why the Republicans are going to win these blue states and red state Senate races, that by the way, right now, are complete toss-ups, even with phony polls that bias the numbers.
Speaker Newt Gingrich and I have been talking about so-called Democratic affordability, and the big government socialist mantra of medicare for all, which basically means if you like your healthcare plan, you won’t be able to keep it. Some 160 million Americans have employer-based healthcare and they like it, but they would lose it under the socialist proposal to nationalize the healthcare system.
The Council of Economic Advisers estimates that to cost roughly $50 trillion over 10 years. Perhaps even worse, piling insult onto injury, is that the Abdul El-Sayeds of the world want free healthcare for all illegal immigrants.
Not only that, they would get benefits for federal programs like SNAP, housing assistance, and Medicaid. So that’s at least another trillion dollars by my lights. So let’s get this right. Affordability means about $10 a gallon for gas. And probably ending gas powered cars. And more than $50 trillion for illegals and state run healthcare. Affordability? You must be kidding. That’s why the Republicans may have a better shot than the Democrats.
https://www.foxbusiness.com/politics/larry-kudlow-no-fracking-free-health-insurance-illegal-immigrants-really-affordabilityHyundai recalls more than 94,000 vehicles over fire riskThe National Highway Traffic Safety Administration reports Hyundai is recalling more than 94,000 Genesis G80 and Hyundai Genesis sedans over a fire risk.
Hyundai is recalling 94,622 vehicles over a fire risk associated with the overheating of motors on powered front seats, according to a National Highway Traffic Safety Administration recall report.
"The front seat slide and height adjustment control switch used on non-memory power seats in the subject vehicles may become dislodged or damaged when subjected to external force(s), potentially causing the switch to remain engaged and the seat adjustment motor to operate continuously, even after the occupant exits the vehicle," Hyundai said in a statement to FOX Business.
The agency said that prolonged use of the motor may result in overheating, increasing the risk of a fire while driving or parked.
The NHTSA said warning signs include a burning odor and inoperative seat control switches.
TOYOTA RECALLS 31,000 RAV4 PLUG-IN HYBRIDS THAT MAY SHUT DOWN AT HIGH SPEEDS
The recall affects 39,978 model year 2017-2020 Genesis G80 and 54,644 model year 2015-2016 Hyundai Genesis sedans.
Hyundai estimates 1% of the vehicles under recall have the defect.
A remedy for the recall is in development, the report said.
MORE THAN 265K RAM VEHICLES FACING RECALL OVER STEERING DEFECT, REGULATORS SAY
The NHTSA recommends owners of the affected cars park outside and away from other vehicles or structures until the repair has been completed.
Owners will be notified via mail and can bring their vehicles to a Hyundai dealer or Genesis retailer for the repair.
The service will be free of charge.
Hyundai said it is aware of two incidents involving a fire associated with the defect. The company said there have not been any crashes or injuries related to the issue in the U.S. as of Oct. 1.
https://www.foxbusiness.com/lifestyle/hyundai-recalls-more-than-94000-vehicles-over-fire-riskDelta Air Lines cuts 2026 forecast on fuel surge, but CEO says demand is still strongDelta Air Lines reported third-quarter earnings and missed Wall Street estimates for the first time in two years.{}
Delta CEO: 'Safety is going to make the call' on launching Saudi Arabia flightDelta is weighing whether to continue with its Riyadh, Saudi Arabia flight debut as planned.{}
Robots could boost US manufacturing as America races to keep pace with China, expert saysA Path Robotics executive told FOX Business that automation will be critical to expanding U.S. manufacturing as worker shortages persist and China moves faster to adopt robotics.
Robotics will be critical to expanding U.S. manufacturing at scale as companies struggle to find enough skilled workers, a manufacturing executive told FOX Business.
"We do not have the workforce needed to do that," Heather Carroll, chief revenue officer at Path Robotics, said when asked whether the U.S. could expand manufacturing at scale without robotics.
Carroll pointed to Saronic Technologies' $3.2 billion Port Alpha shipyard in Brownsville, Texas, as an example of how automation can be used alongside American workers. Vice President JD Vance attended the project's groundbreaking last month.
"This is a great example of how using automation, advanced technology, can be joined and combined with hiring lots of really good American jobs right here at home," she said.
The issue is becoming increasingly important as the U.S. competes with China, which Carroll said has moved faster to put robotics to work in its factories.
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"I definitely think that that is a big risk that we run right now," she said when asked whether the U.S. could lose ground by failing to adopt the technology quickly enough.
China has developed a national strategy around robotics and AI that brings together government, industry and financing to increase adoption, according to Carroll.
"We really lack something similar here in the United States, and it is a competitive disadvantage," Carroll said. "And so what we're seeing is this gap widening between the amount of adoption that China has in the robotics space versus what we have in the United States."
Carroll said American manufacturers face several hurdles to adopting automation, including access to capital, uncertainty over demand and a shortage of workers with the technical skills needed to deploy the technology.
She said advances in AI could help lower some of those barriers by making robots easier to deploy without requiring as much technical expertise.
Carroll said automation could help manufacturers offset shortages of skilled workers.
She pointed to welding, where she said an aging workforce is facing growing demand from shipbuilding, defense, energy and AI infrastructure.
"We see it with everyday manufacturers that tell us, 'We have huge order volumes, but we can't take this work on here, because we can't hire a second shift,'" she said.
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She said, for example, that one welder could be trained to operate 10 welding robots while continuing to handle more skilled work.
Carroll acknowledged concerns that AI and robotics could replace jobs but said the focus should be on training workers to use the new technology.
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"We need to look at ways that we can augment the workers that we have, and ways that we can upskill them and provide them opportunities to be part of the workforce that is being developed around these new types of jobs and skills," Carroll said.
https://www.foxbusiness.com/technology/robots-could-boost-us-manufacturing-america-races-keep-pace-china-expert-saysSouthwest unveils new perks for flyers in rewards program shake-upSouthwest is overhauling Rapid Rewards with a new top-tier status, expanded Companion Pass perks and more ways for travelers to earn and use points.
Southwest Airlines is overhauling its loyalty program, adding a new top-tier status with unlimited Companion Pass trips and giving travelers more ways to earn and redeem points.
Starting Jan. 1, 2027, Southwest's current A-List status will become Silver and A-List Preferred will become Gold. The airline is also introducing a new Platinum tier above both, according to a Thursday news release.
Platinum members will receive unlimited Companion Pass trips, allowing them to bring a designated companion on Southwest-operated flights.
Travelers will also be able to unlock perks as they work toward a higher status level.
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Members working toward Silver can choose rewards such as Rapid Rewards points or seat certificates, while those between Gold and Platinum can earn three Companion Pass trips, according to Southwest.
Southwest credit card holders will also get a faster path to status.
Beginning in January, Rapid Rewards credit card holders will earn one Tier Qualifying Point for every dollar spent on eligible purchases.
The airline is also expanding how travelers can use their Rapid Rewards points.
SOUTHWEST TO OPEN FIRST-EVER AIRPORT LOUNGES IN PREMIUM PUSH
Starting in spring 2027, members will be able to earn and redeem points for travel through new partnerships with Icelandair, China Airlines and Etihad Airways.
Later in 2027, travelers will be able to use points to pay for seat selections on Southwest flights, including Extra Legroom and Preferred seats.
Members will also be able to redeem points for rental cars beginning in November 2026.
The changes come amid a broader effort by Southwest to offer more premium perks.
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Southwest announced last month it plans to launch its first network of airport lounges, called Southwest Icon Lounges, beginning in late 2027 through a partnership with Chase.
Access will be available through a new premium Southwest credit card launching in 2027.
Southwest also plans to bring Starlink Wi-Fi to its entire fleet by fall 2027, with free Wi-Fi available to Rapid Rewards members where offered.
https://www.foxbusiness.com/lifestyle/southwest-unveils-new-perks-flyers-rewards-program-shake-upWhy a Starbucks takeover of Chipotle would — and wouldn't — make sense for both companiesStarbucks has reportedly been working with advisers on a takeover proposal for Chipotle, but a potential deal comes with pros and cons for investors.{}
Skydance's David Ellison tells CNBC combined company is 'positioned to win in every single vertical'Skydance includes two film studios, the CBS broadcast network, a sprawling pay TV portfolio and streaming services Paramount+ and HBO Max.{}
KFC replacing Pepsi with Coca-Cola at 3,700 US restaurants after nearly four decadesKFC will replace Pepsi with Coca-Cola at all U.S. restaurants by spring 2027, ending a beverage partnership that lasted nearly four decades.
KFC is making a major change to its drink lineup, announcing Thursday that it will replace Pepsi with Coca-Cola at its U.S. restaurants, ending a beverage partnership that lasted roughly four decades.
The fried chicken chain said it will begin transitioning to Coca-Cola products in January 2027, with the new beverages expected to be available at all U.S. locations by spring.
The move ends a nearly 40-year relationship that began when PepsiCo acquired KFC in 1986.
Although PepsiCo spun off KFC in 1997, it continued to supply beverages to the chain under its parent company, Yum! Brands.
PEPSICO RAISING PRICES ON DORITOS, RUFFLES, SUNCHIPS AND SOME SODAS AFTER RECENT CUTS
KFC President Catherine Tan-Gillespie described the new partnership as part of a broader effort to modernize the chain and give customers more reasons to visit.
"I'm incredibly excited to bring KFC and Coca-Cola together," Tan-Gillespie said in a statement.
"These are two originals, with deep consumer love," she continued. "This partnership is about more than what's in the cup. It is another step in our work to evolve KFC, strengthen our restaurants, menu offerings and create a more relevant experience for today's customers."
Under the agreement, Coca-Cola's beverage portfolio will replace Pepsi products across KFC's roughly 3,700 U.S. locations.
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KFC also said the partnership could lead to new food-and-drink combinations and additional beverage options as the chain expands its lineup.
Coca-Cola executive Dagmar Boggs also welcomed the partnership.
"By pairing KFC's iconic food and flavors with the breadth of Coca-Cola's beverage portfolio and innovation capabilities, we have an incredible opportunity to make every visit more refreshing, create memorable consumer experiences and unlock new growth possibilities together," Boggs, Coca-Cola's president of foodservice and on-premise, said in a statement.
Despite losing KFC's U.S. business, PepsiCo still maintains beverage partnerships with several major restaurant chains.
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According to Reuters, PepsiCo recently renewed agreements covering Taco Bell and KFC's international restaurants.
https://www.foxbusiness.com/retail/kfc-replacing-pepsi-coca-cola-3700-us-restaurants-after-nearly-four-decadesTesla’s new Roadster makes a flying debut, hitting 60 MPH in under a secondTesla unveiled its long-anticipated Roadster on Thursday during a dramatic event in which the vehicle used compressed-air thrusters to fly off a ramp and perform a midair maneuver.
Tesla unveiled its long-anticipated Roadster on Thursday during a dramatic event in which the vehicle used compressed-air thrusters to fly off a ramp and perform a midair maneuver.
The vehicle was seen flying, performing a midair flip and accelerating from zero to 60 mph in under a second.
"Turns out the future does have flying cars," Tesla and SpaceX CEO Elon Musk said at a SpaceX test site in McGregor, Texas.
Vice President of Vehicle Engineering Lars Moravy added, "Flying cars are real."
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The jaw-dropping showcase featured the new Roadster accelerating up a massive curved ramp and using a fan-based suction system to remain attached until it was completely upside down before using integrated cold-gas thrusters developed in collaboration with SpaceX to launch off the ramp, flip in midair and land safely back on the ground.
In another demonstration, the Roadster launched over a lineup of cars and a semi-truck, performing a midair flip before landing safely on the other side.
Musk said certain versions of the Roadster can accelerate from zero to 60 mph in less than one second and reach a top speed of more than 230 mph. During the event, Tesla demonstrated a Roadster accelerating to 60 mph in under a second.
WATCH: ROADSTER PERFORMS ‘KICK FLIP’ STUNT:
"Every car on the road today is limited by one thing: tire grip Roadster's thruster system generates 4–5x the force the tires can. More force on the same mass means significantly better acceleration – physics does the rest," Tesla said on X.
Nearly a decade after the Roadster's initial 2017 concept debut, the vehicle left audiences in awe with the gravity-defying demonstration that deployed SpaceX’s rocket technology.
"Today, Roadster presents a new moment in history – the best of the last human-driven cars," Tesla wrote on X.
Tesla executives announced at Thursday's event that production would begin in 2028.
Musk and other Tesla executives did not outline the cost at Thursday's event, but nearly a decade ago, the company quoted a base price of $200,000.
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Tesla's reservation page for the Roadster after Thursday's event listed a $50,000 reservation payment for the "Performance" version and a $250,000 reservation payment for the "Thrust" version, which features "acceleration thrusters." An invite-only "Rocket" variant is a single-seat model with a "full flight system."
When Tesla revealed a prototype of the car in 2017, it said that deliveries would begin in 2020.
https://www.foxbusiness.com/technology/teslas-new-roadster-makes-flying-debut-hitting-60-mph-under-secondLevi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimisticLevi Strauss on Wednesday posted earnings that beat expectations, though it saw benefits from tariff refunds.{}
PepsiCo cuts earnings forecast as North American turnaround takes longer than expectedPepsi's North American business continues to lag behind its international markets.{}
Lululemon poaches Athleta CEO as new chief product officerLululemon announced Wednesday that Athleta CEO Maggie Gauger is joining the company as its chief product officer, a newly created role.{}
Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakensConstellation Brands beat earnings and revenue expectations as beer brands gained share, while inventory rebuilding and consumer caution clouded demand.{}
LARRY KUDLOW: Don’t count the GOP out yetRepublicans are likely to keep the Senate easily, but the House is a different story
Run your finger down the key races in the Real Clear Politics average. What you see is seven toss-up races, well within the polling error margin. One tie in Kansas. One big GOP win in Florida. And one Democrat win in Georgia.
Again, the toss-ups are well inside the error margin. This does not spell a Democratic blue wave in the Senate. I first heard this argument about 10 days ago listening to Ben Shapiro’s Daily Wire podcast, where he made this point. As Mr. Shapiro put it, if you listen to the mainstream press, the Dems are going to take the Senate 100 to 0. But that isn’t going to happen.
A couple of days ago, the Real Clear Politics polling analyst made a similar point: "the grim headlines for Republicans overlook how thin the margins are in most toss-up races, leaving the GOP a real path to keeping the Senate." Real Clear Politics’ Senate map features eight "toss-up states, and Republicans need to win only four of them to keep control of the chamber."
And I’m here to tell you that Senator Roger Marshall is going to hold his seat in Kansas. And Congresswoman Ashley Hinson will hold the Republican seat in Iowa. Whether he deserves it or not, the Lone Star State’s attorney general, Ken Paxton, is going to beat James Talarico, because Texas doesn’t believe in crazy people.
And the incumbent senator, Jon Husted, is going to keep Ohio in the red. Senator Susan Collins is going to win in Maine because she always does. And I refuse to believe Michigan is going to vote for Abdul El-Sayed, whose biggest sin is not just that he is a card-carrying socialist, or that he hangs out with Hasan Piker, though all that’s bad enough.
To be sure, though, he is going to push with other socialists for Medicare for All. And what that means is quite simply, if you like your health care plan now, and over half of Michiganders have employer-based health care, the socialists will not let you keep it. And it will cost the country more than $50 trillion. And they will attempt to raise taxes by some considerable proportion of that $50 trillion.
And that’s true for Mr. Talarico, and for Maine senate challenger, Troy Jackson. And oh yes, Peggy Flanagan, who is the deputy in Minnesota of Governor Tim Walz, the socialist fraudster, is going to lose to the GOP senate candidate, Michele Tafoya. Now, I’m the first to admit that not all these predictions are going to come true, but I believe Republicans are going to keep the Senate easily.
The House is a different story. And sure, I wished the GOP had communicated another big tax cut and large scale spending and anti-fraud budget reforms. Yet when the Democrats talk about affordability, that’s when I start giggling. They have no plan to reduce inflation, except President Biden’s 21 percent cumulative big-government socialism inflation.
And they will promise free this, free that, tax the rich, tax the middle, and at least $50 trillion for Medicare for all. And lord knows how much they’ll spend for their socialist, Green New Deal, climate change, open borders, and woke DEI policies. Let Mr. Trump and the GOP stay on message for the next 19 days, and they can yet do very well in the midterms.
https://www.foxbusiness.com/politics/larry-kudlow-dont-count-gop-out-yetPopular salad chain makes big changes in bid to win back dinersThe Los Angeles-headquartered fast-casual chain is adding lower-priced menu options and making other changes as it works to improve sales and customer traffic.
Sweetgreen is adding lower-priced menu options as it tries to shed its reputation for expensive salads and attract more customers.
The Los Angeles-headquartered fast-casual chain rolled out four wraps nationwide in May, all priced below $15 and averaging around $12.50, according to a news release from Sweetgreen.
Sweetgreen Chief Financial Officer Jamie McConnell told The Wall Street Journal the lower starting prices are part of an effort to change how consumers view the chain.
"When you’d walk into a Sweetgreen, you’d see more things above $15 than you would see under $15," McConnell said.
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"So, psychologically, even though a lot of our prices could be lower than some of our peers, we were viewed as a very expensive company because we didn’t have any of those entry prices in."
The changes come as Sweetgreen works to improve sales and customer traffic.
Sweetgreen's same-store sales fell 6.2% in its latest quarter, prompting the company to cut its full-year forecast. It now expects a 7% to 8% decline, compared with its previous forecast of 2% to 4%, the Journal reported.
Sweetgreen said it spent years developing the wraps before testing them in New York, the Midwest and Los Angeles ahead of the nationwide launch.
CEO Jonathan Neman said in May that the new menu items were designed to offer "more flavor, more substance, more convenience" at a price point aimed at making Sweetgreen an "everyday choice."
Sweetgreen is also working to make pricing clearer for customers building their own salads and bowls.
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"What used to happen is you’d start off with a $10 green bowl, and then you go down the line, add all of these different things, and before you know it, you have a $22 salad, and you’re p-----, right?" McConnell told the Journal.
"We want to make sure that’s more transparent."
McConnell said customers can get a protein, two bases and four toppings for around $13, with dressing and bread included.
The chain is also making an effort to speed up service.
Some busy locations have assigned workers specifically to wrap assembly during peak hours, according to the Journal.
"People don’t want to always come into Sweetgreen because they feel like it’s slow," McConnell told the Journal. "If you can go into a restaurant, be in and out with your salad in under five minutes, that would be the goal."
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Sweetgreen's push toward lower-priced options comes as consumers continue to face broader price pressures.
Inflation accelerated in September, driven in part by higher energy prices. The Bureau of Labor Statistics said Wednesday that the consumer price index (CPI) rose 0.6% from the prior month and 3.7% from a year ago.
FOX Business reached out to Sweetgreen for comment.
FOX Business' Eric Revell contributed to this report.
https://www.foxbusiness.com/retail/popular-salad-chain-makes-big-changes-bid-win-back-dinersTesla's long-awaited Roadster gets its moment after years of delaysTesla's redesigned Roadster set to debut at a SpaceX test site in Texas, nearly nine years after Elon Musk first previewed the electric sports car.
Tesla is set to unveil the redesigned Roadster on Thursday after the EV-maker first previewed a next-generation version of its electric sports car nearly nine years ago.
The automaker first revealed a prototype of the $200,000 Roadster in 2017 and the company said at the time it would begin deliveries in 2020. While the price of the Roadster hasn't been updated, reservations cost buyers $50,000 apiece.
Tesla CEO Elon Musk has downplayed the importance of the Roadster to the company's finances, saying in 2023 that it's a "small potato situation" that wouldn't "move the needle in a major way financially."
While the Roadster may not be a key part of Tesla's auto lineup from a financial perspective, high-performance luxury sports cars can serve as platforms for the automaker's technology.
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Morningstar analyst Seth Goldstein said in a note last month that "Tesla does not currently have a halo car, or high-performance luxury vehicle designed to showcase an automaker's best engineering and technology. The Roadster will be Tesla's new halo car."
Musk said in 2017 that a four-seat, next-gen Roadster would be able to travel 620 miles on a single charge, though he said in a 2024 post on X that the car had been redesigned.
In his update, Musk said that the new Roadster would accelerate from 0 to 60 miles per hour in less than a second, which he explained was the "least interesting part" as he added the vehicle was a collaboration between Tesla and SpaceX, the space exploration company Musk also leads.
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Goldstein expects Tesla will sell about 2,000 Roadsters a year, which would represent a small fraction of the 1.6 million vehicles the company sold last year.
Tesla's original Roadster was released in 2008 and on sale until 2012. It was the company's first EV and was built on a Lotus Elise chassis, and paved the way for Tesla's Model Y and Model X SUVs and its Model S and Model 3 sedans.
The reveal of the second-generation Roadster comes amid Tesla's shift in focus to artificial intelligence (AI) to power self-driving technology and robotics.
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Tesla stopped selling Model S and Model X vehicles to make space for production of its Optimus humanoid robots.
The company also launched Cybercab, a two-seater robotaxi that doesn't have manual controls like a steering wheel, pedals and mirrors.
Tesla's event for the next-generation Roadster is scheduled to start at 8:55 p.m. ET on Thursday at a SpaceX test site in McGregor, Texas.
Reuters contributed to this report.
https://www.foxbusiness.com/markets/teslas-long-awaited-roadster-gets-its-moment-after-years-delaysJeff Bezos allegedly linked to mystery $69.5M Florida mansion purchase near his 'Billionaire Bunker'A $69.5 million Golden Beach oceanfront property near Miami's "Billionaire Bunker" is allegedly tied to Jeff Bezos, adding to his Florida real estate holdings.
If the exclusivity of Miami's "Billionaire Bunker" isn't enough for some of the world's wealthiest buyers, a record-breaking oceanfront home nearby could be the next addition to their real estate portfolios.
In September, the 17,500-square-foot estate at 255 Ocean Boulevard in Golden Beach sold for $69.5 million, breaking a local sales record. Property records reviewed by Fox News Digital show the home was purchased by Delaware-based Meridian Coast LLC, which sources familiar with the transaction told The Real Deal is tied to Amazon founder Jeff Bezos.
"I can't speak to whether Jeff Bezos is involved in this particular transaction, but from a real estate perspective, the acquisition would make sense for someone with an existing footprint on Indian Creek. The two properties would serve entirely different purposes," Devin Kay of The Exclusive Group at Douglas Elliman told Fox News Digital.
"It’s about lifestyle diversification," Miami's No. 9 agent by sales, Jordan Karp, also told Fox News Digital. "Golden Beach is the only neighborhood in Miami offering true, oceanfront homes sitting directly on the beach with absolute privacy. For ultra-high-net-worth buyers, it’s not an 'either-or’ decision. They can have a property to live, a property to entertain and house staff, or a beach home they may only visit a few times a year."
"That said, I think there's a tendency to attach recognizable names to extraordinary transactions, particularly when the buyer's identity is protected," Kay added. "The reality is that South Florida's billionaire buyer pool has expanded considerably. There are international business owners, hedge fund executives, technology founders and multi-generational families quietly acquiring some of the most valuable real estate in the region."
If Bezos is confirmed as the buyer, the Golden Beach acquisition would add to his existing $234 million real estate portfolio on the heavily guarded Indian Creek Island. According to Kay, ultra-high-net-worth buyers are curating portfolios of local properties that serve distinct lifestyle functions, with Golden Beach offering direct access to sandy Atlantic Ocean beaches.
"I would look at a Golden Beach property as the ultimate private beach house. There's a significant difference between owning a waterfront estate on Biscayne Bay and having direct frontage on the Atlantic Ocean. Golden Beach offers something that's increasingly difficult to replicate in South Florida," Kay reflected.
"We're seeing ultra-high-net-worth buyers place a significant premium on that flexibility, particularly when it comes to privacy, security and convenience," he further explained. "What makes Golden Beach especially compelling is the scarcity. There is a finite number of single-family oceanfront parcels, and opportunities to acquire substantial beachfront estates are extremely limited. For buyers who can afford virtually anything, the real value is often in owning something that simply cannot be recreated."
"Oceanfront single-family land in Miami-Dade County is virtually extinct," Karp — who sold a home in Golden Beach to rapper French Montana, said. "Golden Beach is the only neighborhood where homes sit directly on the sand. There is significant demand and limited inventory, especially on the ocean, with about 60 homes total on the strip… Buyers are paying a scarcity premium for irreplaceable land, and that inventory is shrinking even further as buyers buy two or three adjacent lots to build massive compounds."
Historically, Golden Beach has been known as a quieter, family-oriented enclave with its own municipal police force and zoning restrictions that prohibit high-rise developments, a stark contrast to the flashy culture of Miami Beach or the established old money of Palm Beach.
"The emergence of transactions in the $50 million to nearly $70 million range is changing how the market values Golden Beach. It's no longer simply viewed as a quiet beachfront neighborhood. It's increasingly being recognized as one of the most exclusive oceanfront residential markets in the country," Kay said.
"What's important to understand is that the fundamentals haven't changed. The community hasn't suddenly become more desirable because billionaires are buying there. The land was always exceptional. What's changed is the concentration of wealth in South Florida and the number of buyers who recognize the scarcity of these properties."
"Another important distinction is that these buyers aren't necessarily negotiating based on the same considerations as the broader market. Price matters, but certainty of execution, confidentiality, timing and the ability to structure a clean transaction can be equally important," Kay expanded. "A seller at this level may place tremendous value on knowing that a buyer can close discreetly and without complications. The broker's role has evolved considerably. It's not simply about finding someone who can afford the property. It's about having access to a very specific buyer pool, understanding how those individuals operate and being able to manage an extremely sensitive transaction from beginning to end."
"The type of wealth moving into South Florida has completely raised the bar for how real estate deals are negotiated, marketed and closed. At this price point, deals are negotiated through family offices, wealth managers, and specialized attorneys under strict NDAs," Karp noted. "Before a buyer even steps foot on a property, it is vetted by a team and often even the real estate agents are not allowed to attend the showings when the client does the final walkthrough. Discretion at this level is a mandatory business proposal and can kill a deal if it gets out."
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Douglas Elliman’s Dina Goldentayer represented the seller at 255 Ocean Boulevard, while Jill Eber and Hillary Hertzberg of The Jills Zeder Group at Coldwell Banker Realty represented the buyer.
Neither Goldentayer nor The Jills Zeder Group immediately responded to Fox News Digital's request for comment.
https://www.foxbusiness.com/real-estate/jeff-bezos-allegedly-linked-mystery-69-5-m-florida-mansion-purchase-billionaire-bunkerEbola Spread Raises Fresh Urgency for Africa’s Domestic Health Funding
BULAWAYO, October 16 (IPS) - An Ebola death last week in Kenya is highlighting the urgency of Africa’s public health emergency preparedness and how the continent’s governments are committing their national budgets to the health sector.
https://www.globalissues.org/news/2026/10/16/44363 {"url":"https://static.globalissues.org/ips/2026/07/UNICEF-unloads-emergency_-100x100.jpg"}Finding Silver Linings Amid Haze of Climatic Uncertainty
KUALA LUMPUR, October 16 (IPS) - With the city enveloped in a cloak of haze, the urgency of tackling the climate crisis could hardly have been clearer as the four-day Global Tipping Points Conference 2026 drew to a close at Malaysia’s Sunway University on Thursday.
Read the full story, “Finding Silver Linings Amid Haze of Climatic Uncertainty”, on globalissues.org →
https://www.globalissues.org/news/2026/10/16/44362 {"url":"https://static.globalissues.org/ips/2026/10/tipping-points-3-main-100x100.jpg"}Social Security cost-of-living increase sparks debate over looming funding shortfallSocial Security's 3.6% COLA will raise retirement benefits in 2027, but a projected 2032 trust fund shortfall could trigger 22% cuts without congressional action.
Social Security beneficiaries could face a 22% across-the-board benefit reduction in 2032 without congressional action, according to the Committee for a Responsible Federal Budget (CRFB), as a new cost-of-living adjustment renews debate over the program's financial future.
The warning comes as Social Security's retirement trust fund approaches a projected 2032 depletion date, putting pressure on lawmakers to address the program's long-term funding shortfall.
Social Security recipients will receive a 3.6% cost-of-living adjustment in 2027, raising the average retired worker's monthly benefit by about $75, from $2,095 to $2,170, according to estimates cited by AARP.
The increase, announced by the Social Security Administration on Wednesday, will take effect with December benefits, which are paid in January.
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The 2027 increase is the highest COLA in four years and compares with a 2.8% adjustment this year. It reflects inflation readings from the third quarter, including a 3.9% year-over-year increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers in September.
The boost comes as many older Americans continue to face higher costs for groceries, utilities, insurance and healthcare. The standard Medicare Part B premium is also projected to rise by $6.60 per month in 2027, to $209.50, according to AARP.
CRFB estimates the 3.6% adjustment will add about $900 annually to the average retiree's benefits, even as the program's projected funding shortfall raises questions about the sustainability of future payments.
But the increase will not be distributed equally in dollar terms. CRFB estimates that while the average retiree will receive about $900 more annually, the highest-benefit recipients could see increases exceeding $2,200. The group said the highest-earning couples who retired this year at normal retirement age could receive a combined $3,600 increase, pushing their annual benefits above $100,000.
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The larger dollar increases come amid a broader generational economic divide. A Federal Reserve report released in May found that just 63% of adults ages 18 to 29 reported doing okay financially or living comfortably in 2025, compared with 83% of adults ages 60 and older. Nearly half of adults under 30 received financial assistance from someone outside their household to cover expenses during the year.
The financial pressures facing younger Americans add another dimension to the debate over Social Security's future. Current workers help fund the program through payroll taxes, even as its retirement trust fund faces a projected shortfall. According to the Social Security trustees' 2026 report, the fund is expected to exhaust its reserves in 2032, leaving continuing income sufficient to cover about 78% of scheduled retirement and survivor benefits without changes to the law.
CRFB has advocated for changes to the way COLAs are calculated, including using a different inflation measure or placing a dollar cap on increases for higher-income beneficiaries. The group also supports additional revenue and other benefit reforms to improve the program's finances.
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AARP, however, opposes proposals to reduce or cap annual COLAs, arguing that the adjustments already fall short of keeping pace with the costs older Americans face.
https://www.foxbusiness.com/personal-finance/social-security-cost-of-living-increase-sparks-debate-over-looming-funding-shortfallLisa Cook's lawyer challenges impartiality of Trump panel reviewing Fed mortgage allegationsFed Governor Lisa Cook's attorney questions Kevin Hassett's role in a White House mortgage investigation and seeks to delay a hearing scheduled for Nov. 5.
Federal Reserve Governor Lisa Cook's attorney is challenging the impartiality of a White House committee investigating mortgage fraud allegations against her, raising concerns about the fairness of President Donald Trump's latest effort to remove her from the central bank.
In an Oct. 13 letter reviewed by Reuters, attorney Abbe Lowell questioned the inclusion of National Economic Council Director Kevin Hassett on the three-member panel, saying Hassett had previously pressured Cook to take leave and suggested Trump had "cause" to fire her.
"A hearing with demonstrably biased members, unspecified additional allegations, and an unclear schedule for the disclosure of any additional evidence – with no explanation for why it was not previously produced – is not a process that respects the appearance or history of independence," Lowell wrote, according to Reuters.
Lowell also requested a delay of the panel's Nov. 5 hearing, saying Cook would be in Europe for official financial and monetary policy meetings, and would not be available until after the Fed's Dec. 8–9 policy meeting.
DEMS CALL TRUMP ‘A TOTAL FAILURE’ OVER INFLATION AS WHITE HOUSE CITES ECONOMIC GROWTH
Trump established the committee through an Oct. 7 memorandum to determine whether mortgage-related allegations against Cook provide sufficient grounds for her removal. The panel also includes the chairman of the Equal Employment Opportunity Commission and the director of the Office of Government Ethics.
Under the memorandum, Cook would receive the evidence against her and have up to four hours to present her defense at a closed-door hearing. The committee would then recommend whether Trump has cause to remove her. It remains unclear whether the hearing will be postponed.
Trump has sought Cook's removal since August 2025, following allegations that she designated properties in Georgia and Michigan as primary residences on separate mortgage agreements. The White House also alleges she later rented out the Georgia property.
Cook has denied committing mortgage fraud. Her attorneys maintain that the Georgia designation was an inadvertent error and that she consistently identified Michigan as her primary residence.
The Supreme Court ruled 5-4 in June that Trump could not remove Cook without providing adequate notice and an opportunity to contest the allegations, leaving open a potential path for removal.
The dispute has broader implications for the Federal Reserve's independence from political pressure.
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Fox Business has reached out to Lowell for further comment.
https://www.foxbusiness.com/politics/lisa-cook-lawyer-challenges-impartiality-trump-fed-mortgage-investigation‘Prioritize Social Inclusion as Rapid Transformations Risk Leaving Millions Behind’
UNITED NATIONS, October 16 (IPS) - The United Nations Department of Economic and Social Affairs (UN DESA) new report, which addresses the rapid global transformations driven by artificial intelligence (AI), demographic shifts, climate change, and conflict, highlights the widening disparities in employment, social inclusion, and access to services.
https://www.globalissues.org/news/2026/10/16/44361 {"url":"https://static.globalissues.org/ips/2026/10/Picture1.png"}If the UN COP17 Is Serious About Biodiversity, It Needs to Follow the Money
MALMO, Sweden, October 16 (IPS) - On Monday, governments from across the world will gather in Armenia for COP17, the UN biodiversity summit, to assess progress on the global agreement to halt and reverse biodiversity loss. For anyone who cares about the livability of our planet for future generations, and the richness of life on earth, the stakes could hardly be higher. Policy makers will debate targets, implementation, and the lack of money to protect nature, in particular the failure of developed countries to fulfil their obligations. But there is a more basic question that should put at the center of those discussions: what happens when the financial system governments are counting on to fund nature protection is also financing its destruction?
https://www.globalissues.org/news/2026/10/16/44360 {"url":"https://static.globalissues.org/ips/2025/01/timber-629x419-100x100.jpg"}Sam’s Club expands Thanksgiving meal, keeping cost under $10 a person as inflation weighs on consumersThe Walmart-owned retailer said its largest Thanksgiving spread yet feeds 16 people for less than $10 each while keeping the per-person price unchanged from last year.
Sam’s Club announced Thursday it is rolling out its largest Thanksgiving meal offering to date, expanding holiday offerings while keeping the price under $10 per person.
The Walmart-owned membership club said its 2026 Thanksgiving meal, designed for 16 people, includes 11 different offerings, including turkey, ham, mashed potatoes and macaroni and cheese.
The meal grew from nine offerings last year, while Sam’s Club said the per-person price remains unchanged.
The holiday offering comes as consumers continue to contend with higher inflation heading into the Thanksgiving season.
Food prices are up 2.5% compared with last year, according to the Bureau of Labor Statistics' September consumer price index. The food at home index decreased 0.1% on a monthly basis and is up 1.8% from a year ago. The food away from home index rose 0.2% for the month and is up 3.5% from last year.
The meal will be available beginning Oct. 28 in clubs and online. Members can purchase the full spread or customize their order by adding or removing individual items.
SAM'S CLUB EXEC SAYS MEMBERS INCREASINGLY WANT FRESH FOOD 'ON THEIR OWN TERMS'
Sam’s Club said it spent roughly 12 months developing the meal, with a team of more than 20 employees incorporating feedback from members.
WALMART, SAM'S CLUB SLASH PRICES ON THOUSANDS OF PRODUCTS AS TRUMP SAYS MOVE CAME AT HIS REQUEST
The final lineup includes a boneless carver ham, hickory smoked turkey, Yukon Gold mashed potatoes, turkey gravy, two packages of green beans with dried cranberries and almonds, two packages of macaroni and cheese, sweet corn with garlic butter, cranberry crunch salad, yeast dinner rolls, a charcuterie tray and two 12-inch pumpkin pies.
Sam's Club said the meal was designed to be prepared in about two hours in an average household kitchen with one oven and two racks.
The company noted that the final cost may vary because several items in the meal are sold by weight.
SURPRISE RIVAL KNOCKS COSTCO'S FAMOUS ROTISSERIE CHICKEN OFF ITS PERCH AS BEST BIRD
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FOX Business' Eric Revell contributed to this report.
https://www.foxbusiness.com/lifestyle/sams-club-expands-thanksgiving-meal-keeping-cost-under-10-person-inflation-weighs-consumersTreasury shows off new Trump dollar coin, urges Americans to spend it at liberal coffee shopsU.S. Treasurer Brandon Beach challenged Americans to use the new Trump dollar coins at liberal coffee shops in a Treasury Department TikTok video.
The Treasury Department is encouraging Americans to take newly minted President Donald Trump dollar coins to their favorite liberal coffee shops, issuing a challenge in a TikTok video posted Wednesday.
U.S. Treasurer Brandon Beach urged Americans to pick up rolls of the coins at banks next month and use them to purchase coffee at businesses he described as liberal.
"This is the dollar coin. It will be in the banks next month," he said in the clip as he removed the coins from a bank. "And I want to challenge you to go get a roll of dollar coins next month. And then I want you to go to your favorite liberal coffee shop with your top dollar coins. Buy a cup of coffee. Watch their heads explode. They will not like it. But I love it. And I love this president. And I love this coin."
TREASURY UNVEILS $1 GOLD COIN WITH TRUMP'S IMAGE ON FRONT
The challenge, shared on the Treasury Department's official TikTok account Wednesday, comes after the U.S. Mint began selling the Trump-themed currency in September as part of the nation's 250th anniversary commemorations.
The Trump dollar coins went on sale through the U.S. Mint in September, with a roll of 25 priced at $61 and a bag of 100 selling for $154.50, significantly above their face value, FOX Business previously reported.
The Mint also indicated the coins could be used for everyday transactions, despite being marketed to collectors.
TRUMP-EMBLAZONED $1 COINS GO ON SALE — AND THE MINT IS CHARGING A MAJOR MARK-UP
"These coins are also in circulation, so check your pocket change," the U.S. Mint wrote in a September post on X.
The coins feature Trump's likeness beneath the word "LIBERTY," with the years "1776 ~ 2026" below his portrait and "IN GOD WE TRUST" alongside it. The currency commemorates the nation's 250th anniversary.
According to the Mint's product description, the coins were produced in Philadelphia with circulating finishes but had not been placed into circulation when they were offered for sale. The coins can still be used as legal tender.
Beach's announcement that the coins will be available at banks next month suggests Americans could have another way to obtain the currency beyond purchasing it directly from the Mint.
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The Treasury Department has not specified which banks will carry the coins or whether they will be available at face value.
FOX Business reached out to the Treasury Department for clarification on the coins' availability at commercial banks, distribution schedule and whether customers will be able to obtain them at face value.
https://www.foxbusiness.com/politics/treasury-shows-off-new-trump-dollar-coin-urges-americans-spend-liberal-coffee-shopsInternational Day for the Eradication of Poverty 2026
A safe home is more than a roof over our heads. It is the foundation of health, security, opportunity and human dignity. Yet for billions of people, that foundation remains out of reach.
Read the full story, “International Day for the Eradication of Poverty 2026”, on globalissues.org →
https://www.globalissues.org/news/2026/10/15/44354 {"url":"https://static.globalissues.org/ips/2026/10/Int_day_eradication_poverty-100x100.jpg"}Afghanistan’s Stolen Peace: The Women Who Refuse to Be Silenced
BENGALURU, India, October 15 (IPS) - When the Taliban took control of Afghanistan in August 2021, Zahra Nader was pursuing a doctorate in Women and Gender studies at York University in Canada. Nader had planned to return to Afghanistan to continue her research, possibly teach at Kabul University, and continue exploring Afghan women’s role in political history.
https://www.globalissues.org/news/2026/10/15/44349 {"url":"https://static.globalissues.org/ips/2026/10/Zahra-Nader-Editor-in-Chief-Zan-Times_-100x100.jpg"}Kenia Hernández: Indigenous Rights Defender Imprisoned for Her Activism
JOHANNESBURG, South Africa, October 15 (IPS) - Kenia Hernández is an Indigenous Mexican lawyer and human rights defender dedicated to advancing women’s rights and social justice.
https://www.globalissues.org/news/2026/10/15/44350 {"url":"https://static.globalissues.org/ips/2026/10/Kenia-defensora-100x100.jpg"}Treasury shows off new Trump dollar coin, urges Americans to spend it at liberal coffee shopsU.S. Treasurer Brandon Beach challenged Americans to use the new Trump dollar coins at liberal coffee shops in a Treasury Department TikTok video.
The Treasury Department is encouraging Americans to take newly minted President Donald Trump dollar coins to their favorite liberal coffee shops, issuing a challenge in a TikTok video posted Wednesday.
U.S. Treasurer Brandon Beach urged Americans to pick up rolls of the coins at banks next month and use them to purchase coffee at businesses he described as liberal.
"This is the dollar coin. It will be in the banks next month," he said in the clip as he removed the coins from a bank. "And I want to challenge you to go get a roll of dollar coins next month. And then I want you to go to your favorite liberal coffee shop with your top dollar coins. Buy a cup of coffee. Watch their heads explode. They will not like it. But I love it. And I love this president. And I love this coin."
TREASURY UNVEILS $1 GOLD COIN WITH TRUMP'S IMAGE ON FRONT
The challenge, shared on the Treasury Department's official TikTok account Wednesday, comes after the U.S. Mint began selling the Trump-themed currency in September as part of the nation's 250th anniversary commemorations.
The Trump dollar coins went on sale through the U.S. Mint in September, with a roll of 25 priced at $61 and a bag of 100 selling for $154.50, significantly above their face value, FOX Business previously reported.
The Mint also indicated the coins could be used for everyday transactions, despite being marketed to collectors.
TRUMP-EMBLAZONED $1 COINS GO ON SALE — AND THE MINT IS CHARGING A MAJOR MARK-UP
"These coins are also in circulation, so check your pocket change," the U.S. Mint wrote in a September post on X.
The coins feature Trump's likeness beneath the word "LIBERTY," with the years "1776 ~ 2026" below his portrait and "IN GOD WE TRUST" alongside it. The currency commemorates the nation's 250th anniversary.
According to the Mint's product description, the coins were produced in Philadelphia with circulating finishes but had not been placed into circulation when they were offered for sale. The coins can still be used as legal tender.
Beach's announcement that the coins will be available at banks next month suggests Americans could have another way to obtain the currency beyond purchasing it directly from the Mint.
CLICK HERE TO GET FOX BUSINESS ON THE GO
The Treasury Department has not specified which banks will carry the coins or whether they will be available at face value.
FOX Business reached out to the Treasury Department for clarification on the coins' availability at commercial banks, distribution schedule and whether customers will be able to obtain them at face value.
https://www.foxbusiness.com/politics/treasury-shows-off-new-trump-dollar-coin-urges-americans-spend-liberal-coffee-shops