World's third-largest diamond unearthed in Botswana

Fox Business Flash top headlines for June 18 Check out what’s clicking on FoxBusiness.com. A 1,098 carat diamond believed to be the third largest gem-quality stone ever to be mined, has been discovered in Botswana, according to a joint venture between Anglo American's (AAL.L) De Beers and the government. The stone was presented to President Mokgweetsi Masisi on Wednesday by […]

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Big Oil Takes a Beating, but Its Investors Are Riding High

It has been a terrible several weeks for big oil companies like Exxon Mobil, Chevron and Royal Dutch Shell, which have been rebuked in proxy fights, the courts and a landmark public report, all pressuring them to do much more to stop climate change. Yet it has also been a glorious stretch for investors in energy, the best-performing sector in […]

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Trailblazing American women, like Maya Angelou and Sally Ride, to be face of US quarters starting in 2022

Starting in 2022, Americans can be on the lookout for quarters sporting a new design with the faces of the author Maya Angelou, astronaut Sally Ride and other trailblazing women.  The change comes from The American Women Quarters Program that honors notable American women on the face of U.S. quarters, according U.S. Mint. From 2022 through 2025, U.S. Mint will release up […]

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Add Boats to the List of What’s Hard to Find (and More Expensive)

Even the wealthy can’t always get what they want. Take Tom and Karian Forsyth, who live in Southern California. In May 2020, in the depths of the pandemic, they weren’t surprised to receive a call canceling the 100-foot yacht they had chartered to sail along the Croatian coast. But then, three weeks after chartering an 88-foot yacht in Newport, R.I., […]

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LVMH Takes Full Control of Emilio Pucci

LVMH Moët Hennessy Louis Vuitton said Friday it now owns 100 percent of Florentine fashion house Emilio Pucci, having bought the 33 percent stake still held by the founding family. Financial terms were not disclosed. In tandem with the transaction, Laudomia Pucci will relinquish her role as vice president and image director after more than 20 years in that capacity. […]

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Shell Gets Greener, Even as Climate Advocates Say, ‘Go Faster’

Royal Dutch Shell, though still reliant on profits from fossil fuels, is investing more in renewable energy. Critics say the changes have to come quicker. Nestled in the English countryside, boxes that resemble shipping containers form an example of Royal Dutch Shell’s steps toward greener operations: a giant battery.Credit…Andrew Testa for The New York Times Supported by By Stanley Reed […]

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With car prices surging, yours is a prime target for thieves

The pandemic has helped fuel the biggest jump in auto thefts in more than a decade, experts say. Higher prices for new and used cars are making vehicles even more valuable to thieves. Surprisingly, many vehicles are stolen after the driver leaves the keys inside. You can blame the Covid pandemic for yet another thing: a surge in auto thefts. […]

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CBRE CEO: Companies aggressively want to return to the workplace

New York (CNN Business)Wall Street is wasting no time getting its employees back into the office — whether they want to be there or not. Morgan Stanley CEO James Gorman warned this week he’ll be “very disappointed” if workers aren’t back by Labor Day. And if they’re not? “Then we’ll have a different kind of conversation,” he said. Goldman Sachs […]

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