Business

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Kraft Heinz may be headed for a breakup. The packaged food conglomerate is planning to spin off a large chunk of its grocery business, the Wall Street Journal reported Friday, effectively undoing a 2015 merger that’s now widely regarded as a strategic blunder. Anonymous sources told the newspaper the new entity would take many Kraft products with it and could …

Key Takeaways The federal government collected $26.6 billion in tariff revenue in June, rising again as President Donald Trump’s tariffs policy began to take hold. Spending decreased by $187 billion in June, resulting in a budget surplus of about $27 billion for the month. The federal government’s total debt is around $36 trillion. It paid $84 billion in interest payments …

Jeff Bezos could be signaling a style shift now that he’s a married man. The Amazon founder, who has embraced a bald look since 2013, appeared with noticeably more hair during an outing on July 10. While attending the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, Bezos was seen with fuller gray hair around the sides …

A prominent Georgia Republican was running a Ponzi scheme that defrauded 300 investors of at least $140m, federal officials alleged in a complaint filed on Thursday. The civil lawsuit by the US Securities and Exchange Commission (SEC) said First Liberty Building and Loan, controlled by Brant Frost IV, lied to investors about its business of making high-interest loans to companies. …

The midstream sector is benefiting from increased natural gas demand. There are several strong stocks in the space with yields between 4% and 10%. Not only do these stocks have high yields, but their distributions are also well covered and rising. 10 stocks we like better than Energy Transfer › Midstream operators aren’t flashy, but they crank out dependable cash …

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FORT BRAGG, NORTH CAROLINA – JUNE 10: U.S. President Donald Trump and Secretary of Defense Pete … More Hegseth are greeted by 18th Airborne Corps Commander Lt. Gen. Gregory Anderson and other military and civilian leaders at the Holland Drop Zone on June 10, 2025 at Fort Bragg, North Carolina. Trump is traveling to Fort Bragg Army base to observe …

With the U.S. economy solid but still facing elevated risk of recession — or, as President Trump described it in May, in a “transition period” — states are pitching themselves as the most stable place for companies to locate no matter what happens to the economy. “Multiple international headquarters, hundreds of billions of committed investments across a variety of industries …

Tesla has launched a new software update for its vehicles that includes the anticipated integration of Grok, but it doesnt even interface with the car yet. Earlier this week, CEO Elon Musk said that Tesla would integrate Grok, the large language model developed by his private company, xAI, into its vehicles. Today, Tesla started pushing the update to the fleet, …