Fossil Group plans to close up to 15 stores this year as the watch and accessories company continues trimming its global retail footprint under a broader turnaround plan focused on costs, profitability and balance-sheet strength. Executives for the Richardson, Texas-based company said on Fossil’s first-quarter earnings call that the company…

With the American merchant fleet down to fewer than 190 flagged vessels from a high of nearly 3,000 in the 1960s, a critical national security gap has left the U.S. heavily reliant on foreign shipbuilders. To help reverse this decline, JPMorgan Chase announced Wednesday it is injecting $24 million into…

JPMorgan Chase Chairman and CEO Jamie Dimon is validating the growing frustration of working-class Americans, admitting in a recent interview that he completely understands why many have grown “anti-rich.” The Wall Street billionaire argued that decades of ineffective public policies have left lower-income families behind in struggling rural areas and…

Treasury Secretary Scott Bessent announced Wednesday that the U.S. Mint will begin striking a new $1 gold coin featuring President Donald Trump to mark America’s 250th anniversary. Bessent said in an X post that the coin will honor “the enduring legacy of liberty” and serve as a “lasting symbol of…

BMW is recalling nearly 30,000 vehicles over an engine starter issue that could pose a fire risk, according to federal regulators. The recall affects 29,119 plug-in hybrid sedans, including 2018-2020 BMW 530e xDrive, 2018-2020 BMW 530e iPerformance, 2017-2019 BMW 740Le xDrive and 2016-2018 BMW 330e iPerformance vehicles.According to the National Highway…

California lawmakers are warning that a tax credit cap in Gov. Gavin Newsom’s final state budget could derail the state’s push to keep Hollywood jobs in the state. In a July 10 letter obtained by FOX Business, 39 California legislators urged Newsom and other lawmakers to exempt the state’s Film…

Once again Wall Street was surprised by a deflationary wholesale price report where the level of the so-called producer price index actually dropped by three-tenths of a percent. And it’s worth noting that after rising 1.1 percent in April, the PPI eased to 0.6 percent in May. And then the…

Dave & Buster’s is taking its arcade experience deeper into nightlife with a new nationwide rave series. The restaurant and entertainment chain is teaming up with events company Brownies & Lemonade for Rave & Buster’s, a seven-city tour featuring surprise guest headliners and multi-genre music lineups, according to an Instagram…

In his first public appearance outside the White House since the NATO summit amid threats to his life by Iran, President Donald Trump said Wednesday he doesn’t “think about it” and that his focus is on taking out the Iranian regime’s Islamic Revolutionary Guard Corps (IRGC), which he said has…

As GLP-1 weight loss medications continue to surge in popularity, NFL legend Tom Brady is getting in on the action, using his wellness brand to “democratize” the health care system in a way the world has “never seen.” The seven-time Super Bowl champion has teamed up with eMed, a digital…