Business

BP ousts chairman over ‘serious’ governance concerns as shares tumble

BP abruptly removed Chairman Albert Manifold on Tuesday, citing “serious concerns” tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant. The company said Manifold, who had served as chairman for just eight months, was removed effective immediately after the board unanimously concluded…

Kevin Hassett says inflation will drop sharply once Strait of Hormuz reopens

close video White House National Economic Council Director Kevin Hassett is expecting inflation to fall further by the end of the year as energy prices ease and economic growth continues to accelerate. Hassett joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss inflation, energy prices, artificial intelligence investment…

Congressional Black Caucus pressures corporations to oppose GOP redistricting efforts

The Congressional Black Caucus is pressuring major corporations across the country to publicly oppose Republican-led congressional redistricting efforts that critics say could weaken Black political representation following a recent Supreme Court ruling on the Voting Rights Act. According to a letter obtained by The Associated Press, the caucus urged more…

Ferrari reveals first fully electric car with eye-popping price tag

Ferrari, the iconic Italian sports car brand, has unveiled its first fully electric vehicle, but the car is going to be out of most people’s price range. The Wall Street Journal reported that the starting price would be 550,000 euros in Italy, which amounts to around $640,000.Fox News Digital reached…

These 5 cities are seeing big home price cuts

The housing market remains hot in much of the country, with rising prices creating affordability concerns for would-be buyers – though some markets are seeing sizable amounts of price cuts over the last month. Data from Realtor.com found that nationally, the share of active listings that carry a price reduction…

Chipotle rival Guzman y Gomez Mexican Kitchen closes all US restaurants

Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area. “All GYG USA restaurants permanently closed,” a message on the company’s U.S. website says. “Effective from May…

Flight diverted after passenger reveals power bank charging in checked luggage

An international flight diverted to Rome this week after a passenger informed the crew that they had a power bank charging in their checked baggage, according to multiple reports. The London-based easyJet plane was flying from Hurghada, Egypt to London’s Luton Airport on Tuesday evening when the incident happened.”No one…