Author: Justin M. Larson

Bubble tea may have started as a playful drink, but it has grown into an industry worth billions. The global bubble tea market size will grow from $2.83 billion in 2025 to $4.78 billion by 2032, according to a report from Fortune Business Insights.This year, three Chinese bubble tea chains — Mixue Group, Guming Holdings and Auntea Jenny — listed in Hong Kong, and raised more than $700 million as investors bet on China’s fast-growing consumer market.  “This is the right place at the right time,” said William Ma, chief investment officer at Grow Investment Group, said in an interview with “CNBC…

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President Trump is meeting with Vladimir Putin in Anchorage, Alaska. Like everyone, I hope the meeting goes well and Putin agrees to a cease-fire as the first step toward a peace deal that will end the Russia-Ukraine war. If Vladimir Putin misbehaves, President Donald Trump can completely turn off his economic and monetary spigot.If anybody can negotiate an end to the war, Mr. Trump can. As I have said, Trump comes to this meeting with the wind at his back. He’s had remarkable, successful domestic policy achievements at home and abroad. Internationally, he obliterated Iran. And his extraordinary success in reordering…

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‘Kudlow’ panelists Steve Forbes and Steve Moore give their take on the tax rate debate. Blue states around the U.S. are planning tax hikes on wealthy residents to bring in additional revenue through a variety of proposals, including one state’s so-called “Taylor Swift tax.” The moves come after the enactment of the One Big Beautiful Bill Act (OBBBA) by President Donald Trump and Republicans in Congress, which permanently extended many of the 2017 tax cuts and included other new tax relief provisions as well as spending cuts to programs such as Medicaid.Democrats argue these tax hike proposals are needed to help…

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FORT LAUDERDALE, Fla. — Rapper Sean Kingston was sentenced to three and a half years in prison Friday after being convicted of a $1 million fraud scheme in which he leveraged his fame to dupe sellers into giving him luxury items that he then never paid for. Kingston, whose legal name is Kisean Paul Anderson, and his mother, Janice Eleanor Turner, were each convicted in March by a federal jury of conspiracy to commit wire fraud and four counts of wire fraud. Turner was sentenced to five years in prison last month.Before U.S. Judge David Leibowitz handed down Kingston’s sentence,…

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Sources tell FOX Business’ Maria Bartiromo a number of banks are visiting the White House in an effort to persuade President Trump to give them the business of taking Fannie Mae public again.   Several Wall Street banks are pitching President Donald Trump about handling the initial public offering (IPO) of Fannie Mae and Freddie Mac, sources told FOX Business Network’s Maria Bartiromo. Bartiromo reported Friday morning on “Mornings with Maria” that, “Wall Street banks are cozying up to President Trump right now because they want the business of the Fannie and Freddie IPOs if that’s where this is going.””My sources tell me…

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 Wellgistics Health CEO Brian Norton discusses the cost of prescription drugs and shortage issues on ‘Making Money.’ Federal health officials are warning Americans to avoid sunscreens marketed in whipped, mousse and foam because they aren’t approved as effective methods for applying the product.   The Food and Drug Administration (FDA) has sent warning letters to several companies – including Supergoop – over sunscreen products sold in whipped, mousse and foam forms. According to the agency, these products are labeled and marketed as drugs but have not been FDA-approved in those forms.FOX Business reached out to Supergoop for comment. The FDA…

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FOX Business correspondent Grady Trimble reports on the Trump administration’s efforts to expand health and retirement benefits for gig workers and independent contractors. Sen. Bill Cassidy is touting the One Big Beautiful Bill Act and new pro-worker legislation he co-sponsored to help businesses and their employees. Cassidy, R-La., and Labor Secretary Lori Chavez-DeRemer visited Walls Alligator Farm in Springfield, Louisiana, and spoke with owner Barry Wall about his family’s business and what Wall hopes to see the newly enacted law do for his company.Founded in 1986 by Allen “Dick” Wall, the four-generation, family-owned farm is a Louisiana institution and a…

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