Nate Rempe, president and CEO of Omaha Steaks, explains that skyrocketing beef prices, up 13%, are due to a 72-year low in domestic beef herds. He predicts that herd building and a significant price recovery won’t happen until 2028 or 2029. Relief from high beef prices may depend on something that can’t be fixed overnight: … Read more
Anthropic CEO Dario Amodei recently rejected the idea that he has been painting too pessimistic a picture of artificial intelligence and how it could shape the future. Amodei’s comments came in response to investor Gavin Baker, who argued, both on the All-In podcast and on X, that Amodei’s warnings about the dangers of AI have … Read more
See what you click on FoxBusiness.com. Rebel Creamery filed for Chapter 11 bankruptcy protection in Utah, reporting approximately $13.78 million in assets and $23.85 million in liabilities as it appeals a $23.785 million judgment awarded to rival Van Leeuwen Ice Cream in a trade dress dispute. Rebel ice cream is sold at Walmart, Kroger, Safeway … Read more
Congress passed a law to help federal agencies investigate foodborne illness outbreaks; a regulation that experts say could have stopped the largest cyclosporiasis outbreak in the United States much sooner. The only problem? The rule has been delayed for 15 years, including most recently amid pressure in 2025. It was scheduled to go into effect … Read more
Ice cream maker Rebel Creamery has filed for bankruptcy after losing a packaging battle with rival Van Leeuwen and was ordered to shell out $23.8 million. Utah-based Rebel, which sells its low-carb Rebel Ice Cream at major retailers including Walmart, Target and Kroger, filed for Chapter 11 protection on Friday in the U.S. Bankruptcy Court … Read more
‘Barron’s Roundtable’ panelists discuss the growth of autonomous ridesharing and what Waymo’s success means for the industry. Waymo announced Friday that it is expanding its autonomous transportation business in Northern and Southern California, including two major new markets. The Alphabet-owned company said it plans to expand its existing services in the San Francisco Bay Area … Read more
See what you click on FoxBusiness.com. Kettle Cuisine LLC is recalling more than 3,000 Marketside Tomato Bisque Soup Kits sold exclusively at select Walmart stores due to possible Listeria contamination, according to a company announcement released by the U.S. Food and Drug Administration. The recall covers 3,240 14-ounce Marketside Tomato Bisque Soup Kits with UPC … Read more
Harvard Management Co. disclosed a $2.2 billion stake in SpaceX, showing how the university’s endowment has benefited from an early bet on Elon Musk’s giant rocket company. Harvard reported holding the position in its 13F filing on Friday, revealing that it is one of the largest holders of the stock. Space Exploration Technologies Corp. is … Read more
SpaceX shares rebound following CEO Elon Musk’s reveal of the new xAI Grok 4.6 model. Siebert Financial CIO Mark Malek discusses SpaceX’s market performance, AI competitiveness and revenue potential on ‘Mornings with Maria.’ Harvard University’s investment arm revealed a $2.2 billion stake in SpaceX, revealing a huge payoff from an initial investment in Elon Musk’s … Read more
A massive egg recall affecting nearly 1.6 million dozen eggs has been elevated to the U.S. Food and Drug Administration’s highest risk warning as officials investigate a salmonella outbreak that has sickened nearly 100 people. On August 12, the FDA reclassified the recall of nearly 1.6 million dozen cage-free white and brown eggs over concerns … Read more