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Selena Gomez is a billionaire thanks to her cosmetics company

At 32, former Disney Channel pop star and actress Selena Gomez has become one of the world's youngest billionaires, cashing in on her wildly successful beauty and cosmetics brand. Gomez was recently valued at $1.3 billion by the Bloomberg Billionaires Index. According to Bloomberg News. The bulk of Gomez's wealth comes from her stake in […]

DOJ Indicts Russians Who Funded Lauren Chen’s Company

The Department of Justice unsealed an indictment on Wednesday alleging that two Russian nationals working in President Vladimir Putin's administration misappropriated millions of dollars to a media company run by anti-Trump conservative influencer Lauren Chen. ” Indictment The trial, which was opened in the Southern District of New York, charged Moscow residents Kostyantyn Kalashnikov and […]

Modelo and Corona parent company says weak wine demand could impact earnings

See what's clicking on FoxBusiness.com. Constellation Brands is experiencing weak demand in its wine and spirits segments, which the alcohol producer recently said will hurt its second-quarter results. The company said Tuesday it expects to take a non-cash goodwill impairment charge of between $1.5 billion and $2.5 billion on its wine and spirits division in […]

Biden to block sale of US Steel to Japanese company Nippon: report

The Biden-Harris administration reportedly plans to block the planned sale of U.S. Steel to Japanese conglomerate Nippon Steel for $14.9 billion. The reported move came despite U.S. Steel CEO David Barritt warning that the company would likely close steel mills and move its headquarters out of Pittsburgh if the federal government intervened to block the […]

Major Beer Company Becomes Latest To Scrap Diversity Policies

Molson Coors said Tuesday it was rolling back some of its diversity, equity and inclusion (DEI) policies, joining other major U.S. companies that rolled back similar practices this summer. The company will also end its participation in the Human Rights Campaign's Corporate Equality Index and halt its “supplier diversity” efforts, according to a memo obtained […]

U.S. Solar Panel Company Lumio Files for Chapter 11 Bankruptcy

A US-based residential solar panel company that says one of its goals is to “help the planet” has filed for Chapter 11 bankruptcy protection. Lumio is announcement The move came amid a “value-maximizing sale process,” Renewables Now reported on Tuesday. Related Video – Climate protesters disrupt New York Auto Show, pour oil on electric cars: […]

Graham says he wouldn't support insurance company mandate for IVF treatment

Sen. Lindsey Graham of South Carolina said Sunday he does not support the idea proposed last week by former President Trump to require insurance companies to cover in vitro fertilization treatments. Asked if he supported the proposal, Graham replied: “No, because it's never-ending.” President Trump said last Thursday that if elected in November, his administration […]