California voters are set to decide on a one-time wealth tax on billionaires, a proposal former Reagan economic advisor Art Laffer warns could accelerate an exodus of the state’s wealthiest residents. Laffer joined FOX Business’ Stuart Varney on “Varney & Co.” to discuss California’s Proposition 40 and the broader push…

Amazon needs no introduction. It’s one of the world’s most valuable companies. It holds commanding positions in various end markets, with a corporate strategy that centers on always chasing massive opportunities. This playbook has worked wonders. If you’d bought $10,000 worth of this “Magnificent Seven” stock 10 years ago, here’s…

The Walt Disney Company has acquired Yamaha Motor Corp.’s longtime Southern California headquarters for about $115 million as the Japanese manufacturer prepares to relocate its remaining U.S. headquarters operations to Georgia. Walt Disney Parks and Resorts U.S. Inc. purchased the roughly 25-acre property at 6555 Katella Ave. in Cypress, California,…

Honda Motor is preparing to test technology on a highway that can wirelessly charge electric vehicles, including large commercial trucks, while they are moving. Honda R&D, the automaker’s research and development subsidiary, developed the underlying technology with construction companies Taisei Corporation and Taisei Rotec Corporation, according to a Honda announcement…

Grocery shoppers still want “high-quality” fresh food at a “great value,” but convenience is becoming an increasingly important part of that equation, Sam’s Club Executive Vice President and Chief Merchandising Officer Myron Frazier told FOX Business. While members of the Arkansas-based warehouse retailer continue to prioritize quality and value, Frazier…

SpaceX CEO Elon Musk is rebranding the company’s artificial intelligence (AI) arm following President Donald Trump’s executive order last week calling for AI to be referred to as “Super Intelligence” (SI). SpaceXAI will be renamed SpaceXSI, Musk confirmed in a post on X, while responding to an X user. “Yes, we…

National Economic Council Director Kevin Hassett said that it is time for former Federal Reserve Chair Jerome Powell to leave the Federal Reserve Board on “Sunday Morning Futures,” arguing that doing so would help preserve the central bank’s independence. Hassett claimed it is unprecedented for a former Fed chair to…

Chick-fil-A is bucking a growing fast-food industry trend, with CEO Andrew Cathy saying the chicken chain does not plan to use artificial intelligence to take customers’ drive-thru orders. While Chick-fil-A is exploring potential uses for AI behind the scenes, Cathy told CNBC that the company wants to preserve human interaction…

President Donald Trump’s escalating trade war with Canada is raising fresh concerns in battleground states ahead of the November midterms. The U.S. and Canada have imposed tariffs on billions of dollars’ worth of goods, while Washington has also banned nearly $1 billion in Canadian imports, including alcohol, dairy products and…

Tropical Smoothie Cafe CEO Max Wetzel told FOX Business that one leadership habit has been critical as the fast-casual chain has grown to nearly 1,800 locations. “We spend a lot of time listening and learning before we lead and decide,” Wetzel said. “And I say ‘we’ because certainly it’s myself,…