Best of Business

Fox Business Briefs 5/22

BJ’s Wholesale Club results strengthen; Walmart to cut 1,500 corporate jobs. Canadian banks brace for trade uncertainty; Strava clinches valuation of $2 billion+; EasyJet sees strong demand.

Fox Business Briefs 5/20

Home Depot plans to keep prices steady; Honda to scale back on EVs; Regions tech hubs are losing talent; Viking says demand for its cruise vacations continues to rise.

ViacomCBS chief Bakish blocked again from major media mogul meeting

Fox Business has learned that ViacomCBS CEO Bob Bakish once again won’t be attending the investment bank’s annual “summer camp for billionaires” in Sun Valley where the rich and famous in the world of the media and finance think big thoughts and at times lay the groundwork for potential deal making.

Feds accelerating crypto world crackdown

Job postings indicate the Federal Government is worried about the proliferation of crimes involving digital currencies such as Bitcoin and Ethereum, and plans a broad criminal crackdown on illicit activities in the crypto world. In recent weeks, crypto-related criminal activity has been making national headlines particularly with the cyberattack on the Colonial Pipeline in May that resulted in the days-long shutdown of the country’s largest fuel pipeline.