Business

Skims said Wednesday it has raised $225 million in new funding, boosting the shapewear and apparel company's valuation to $5 billion.Founded in 2019 by Kim Kardashian and business partner Jens Grede, Skims plans to use the new funding to drive product innovation and expand into new categories, according to an announcement from Goldman Sachs."Today’s announcement validates the hard work of our incredible team and partners who have helped us reach […]

AriZona Beverages founder Don Vultaggio touted the company’s newest drink collaboration with a young TikTok star as being more successful than its inimitable Arnold Palmer on "The Claman Countdown" Thursday."We’ve teamed up with a 9-year-old, and we hit the marketplace. And we've seen tremendous success," Vultaggio told FOX Business anchor Liz Claman."Candidly more so than we ever saw in Arnold Palmer at the beginning," the founder added.KAI TRUMP ANNOUNCES FIRST […]

Disney removed the terms "diversity" and "DEI" from its annual business report for the first time in five years Thursday morning.In the company's 2025 Form 10-K filed after its recent Q4 meeting, the words "diversity," "inclusion," "DEI" or "diversity, equity and inclusion," appeared zero times. While the term "equity" appeared about 130 times, it was only used in a financial context.By contrast, the company's 2024 SEC filing included a dedicated […]

One of the biggest trends among U.S. homeowners this year is water conservation.Home listings mentioning WaterSense fixtures — which reduce water use by at least 20% — soared nearly 290% between January and September compared with the same period last year, according to Realtor.com's 2025 Hottest Home Trends report released Tuesday."We’re seeing homeowners prioritize features that make their properties more efficient, resilient, and self-sustaining," Anthony Smith, senior economist at Realtor.com, […]

Russia’s first humanoid robot was showcased to the world Wednesday with the unveiling dramatically cut short after it tripped within moments of stepping onto a Moscow stage.Video of the spectacular fall went viral after the robot, called Aldol, entered the stage to the theme song "Gonna Fly Now" from the movie "Rocky."During the event, organized by New Technology Coalition, Aldol staggered before raising its right arm in what looked like […]

Verizon Communications is planning to cut up to 15,000 jobs this month as new Chief Executive Dan Schulman launches an aggressive cost-cutting drive to make the company leaner. The cuts, expected to begin as soon as next week, will primarily impact non-unionized positions across all segments of the company, a source familiar with the matter told FOX Business. Rich Young, a spokesperson for Verizon, said nothing has been finalized and that the […]

New York Attorney General Letitia James threatened to take Condé Nast to court over the "Fired Four" on Wednesday night during a union rally outside the company’s World Trade Center headquarters. Condé Nast angered the NewsGuild of New York last week by firing four employees after they confronted the company’s HR chief outside his C-suite office to "demand answers" on recent layoffs at WIRED and Teen Vogue. The Guild blasted the firings as "grossly […]

Pfizer Inc. is doubling down on the booming weight-loss drug race, with CEO Albert Bourla declaring the company will be a "formidable competitor" after securing a $10 billion deal to acquire obesity-drug developer Metsera."Pfizer, when it plays, plays big, and we will, as we did in COVID, as with Lipitor, as [with] Viagra, with all the medicines that we have invented and brought to the market, we will do the […]

The longest government shutdown in history has impacted the release of several key economic reports, including October inflation numbers that were due to be released on Thursday, leading to an increased focus on other gauges like those operated by the Federal Reserve.The Labor Department was scheduled to release the October consumer price index (CPI) on Thursday, but the report is delayed, and it's uncertain when or if the report will be released.While […]