Business

Goldman Sachs said on Monday it will buy active exchange-traded fund sponsor Innovator Capital Management in a cash-and-stock deal worth about $2 billion, as the Wall Street bank seeks to expand in one of the fastest-growing asset management segments.Active funds have regained lost ground in the last few years as investors favor a more hands-on approach following lower returns from passively managed index products amid tighter monetary policy.Global assets in […]

Hundreds of thousands of outdoor camping stoves sold at Walmart are being recalled after several units reportedly exploded, causing second-degree burns.The Consumer Product Safety Commission (CPSC) warned in a notice published last week that the Ozark Trail Tabletop 1-Burner Butane Camping Stoves could explode or catch fire, posing burn and fire hazards to consumers. About 201,000 products were included in the recall.Prior to the recall, the manufacturer, China Window Industry […]

There is no war on Christmas this year, according to one of President Donald Trump’s senior economic advisors, who touted strong consumer spending during the holiday shopping season’s biggest days."The fact is that we just had the best Black Friday that we've ever seen. And it's not just because people are out there taking debt on their credit cards, it's because incomes are way up under President Trump," National Economic […]

Google CEO Sundar Pichai warned Sunday that the U.S. must "get the balance right" on artificial intelligence (AI) regulation or risk falling behind China.In an interview on "Fox News Sunday" with Shannon Bream, Pichai noted that more than 1,000 AI-related bills currently moving through state legislatures could create confusing rules that make it harder for U.S. companies to compete globally."How do you cope with those varied regulations, and how do […]

National Economic Council Director Kevin Hassett said Sunday he would be "happy to serve" if selected as the next Federal Reserve chair, signaling his openness to succeeding Jerome Powell."President Trump has a whole bunch of great candidates, and I think any one of them would be a big trade-up from where we are," Hassett said on "Fox & Friends Weekend."He added that markets have responded positively as the president nears […]

Real American Beer is setting its sights on becoming as "big as Bud Light" through a creative marketing strategy that pays homage to its late founder, Hulk Hogan.It leans on campaigns like alligator hunting and a squad of "Real American Girls" to promote its product. Everyone at the startup, led by former Anheuser-Busch InBev executive Terri Francis, committed to this mission. Francis told FOX Business that it had been Hogan's […]

The Powerball jackpot sits at an estimated $740 million ahead of Monday night’s drawing — setting up one of the game's biggest prizes of the year.The pot grew after no ticket matched all six numbers from Saturday night’s drawing. The white balls were 8, 23, 25, 40, 53. The red Powerball was 5.One ticketholder in Florida matched all five white balls, winning a $1 million prize.The grand prize now has […]

HGTV star Genevieve Gorder is selling her longtime home in New York City.The duplex co-op in Manhattan is on the market for $4.3 million in partnership with listing agents Smitha Ramchandani and Christopher Stokes Moseley of Christie’s International Real Estate Group.The 2014 TV series, "Genevieve's Renovation," showcased Gorder's process, as she transformed two side-by-side units into one four-bedroom home, where she lived with her daughter, Bebelle.Originally built in the 1850s, […]

Venezuela on Saturday condemned President Donald Trump saying the South American country’s airspace should be considered closed as a "colonialist threat."Venezuelan officials accused Trump of threatening the country’s sovereignty, adding that his comments went against international law.The country’s foreign minister called Trump’s post "another extravagant, illegal and unjustified aggression against the Venezuelan people," BBC News reported.Earlier Saturday, the president said on Truth Social that Venezuela’s airspace should be considered "closed […]