Business news

• Deadliest jobs in America revealed

  20-02-2026 16:53 via foxbusiness.com
  
  More than 5,000 deadly work injuries were recorded in the U.S. in 2024, according to the U.S. Bureau of Labor Statistics, with truck drivers and construction trades workers accounting for a large proportion."There were 5,070 fatal work injuries recorded in the United States in 2024, down 4.0 percent from 5,283 in 2023," the BLS revealed on Thursday.The data notes 1,018 fatal occupational injuries involving motor vehicle operators in 2024, including a whopping 798 among heavy and tractor-trailer
  
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• Supreme Court deals blow to Trump’s trade agenda in landmark tariff case

  20-02-2026 16:02 via foxbusiness.com
  
  The Supreme Court dealt a blow to President Donald Trump’s trade agenda on Friday, siding against him in a case challenging the legality of tariffs that have shaped global markets and U.S. supply chains.By a 6–3 vote, the majority concluded that the law cited to justify the import duties "does not authorize the President to impose tariffs." Chief Justice John Roberts delivered the opinion of the court. Justices Clarence Thomas, Samuel Alito and Brett Kavanaugh dissented.The White Hou
  
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• Steven Spielberg leaves California for New York as wealth tax push spurs political battle

  20-02-2026 15:28 via foxbusiness.com
  
  One of the most acclaimed and successful American filmmakers in history has left California for New York. Steven Spielberg and his wife, Kate Capshaw, officially became New York residents on Jan. 1, according to a report by the Los Angeles Times. The couple relocated to the San Remo co-op on Central Park West in Manhattan, which has previously housed celebrities including Bono, Mick Jagger, Warren Beatty and Tiger Woods.On the same day that Spielberg reportedly established residency, his pr
  
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• US economy grew slower than expected in fourth quarter

  20-02-2026 14:40 via foxbusiness.com
  
  The U.S. economy grew at a much slower than expected pace in the fourth quarter, according to new data released on Wednesday.The Commerce Department's Bureau of Economic Analysis (BEA) released its advance estimate for fourth quarter gross domestic product (GDP), which found the U.S. economy grew at an annual rate of 1.4% in the fourth quarter, which runs from October through December.Economists surveyed by LSEG had expected the economy to grow at a 3% rate in the quarter. The fourth quarter's 1
  
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• Fed's favored inflation gauge showed consumer price growth remained elevated in December

  20-02-2026 14:35 via foxbusiness.com
  
  The Federal Reserve's preferred inflation gauge remained elevated in December as price pressures continued to pose a challenge for consumers.The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.4% in December on a monthly basis and is up 2.9% from a year ago. Those figures were both slightly hotter than the estimate of LSEG economists, who predicted 0.3% and 2.8%, respectively.Core PCE, which excludes volatile measurements of food and
  
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• Loblaw-owned Superstore fined $10K for promoting imported food as Canadian

  20-02-2026 09:00 via cbc.ca
  Canada’s food regulator has fined a Loblaw-owned store $10,000 for promoting imported food as a “Product of Canada.” The Canadian Food Inspection Agency says the Toronto store used “maple leaf advertising decals” as part of an in-store display to promote a foreign product.
  
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• Silicon Valley engineers charged with stealing Google trade secrets and transferring them to Iran

  20-02-2026 07:31 via foxbusiness.com
  
  Three Silicon Valley engineers were arrested and charged with stealing trade secrets from Google and other U.S. technology firms and transferring sensitive data to unauthorized locations, including Iran, federal prosecutors announced Thursday.Samaneh Ghandali, 41, Soroor Ghandali, 32, and Mohammadjavad Khosravi, also known as Mohammad Khosravi, 40, all of San Jose, were arrested Thursday, according to the Department of Justice (DOJ).A federal grand jury indicted the engineers on charges of consp
  
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• US businesses shift away from China under Trump tariffs

  20-02-2026 02:49 via foxbusiness.com
  
  A new analysis found that payments made by U.S.-based midsize businesses to firms in China dropped significantly last year as tariffs on Chinese imports rose under the Trump administration.The JPMorgan Chase Institute released a report Thursday that found payments made by midsize firms to China declined significantly, falling by about 20% from 2024 to 2025 even as overall international payments remained steady."This is perhaps not surprising, as China has been the hardest hit by tariffs amo
  
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• Hundreds of NYC roles reportedly included in Amazon’s job reduction plan

  20-02-2026 02:35 via foxbusiness.com
  
  Amazon’s latest wave of layoffs has reportedly hit New York, with hundreds of employees losing their jobs.Roughly 135 corporate employees at Amazon’s 1440 Broadway office in Manhattan were laid off in January, according to the New York Post, citing a filing submitted to the New York State Department of Labor.More than 100 other New York-based employees were also let go, the outlet reported, citing a source who said additional filings are expected to surface in state records in the co
  
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• Popular soda flavor returns as Keurig Dr Pepper rolls out 35 new drinks

  20-02-2026 00:49 via foxbusiness.com
  
  Beverage giant Keurig Dr Pepper is significantly expanding its portfolio this year, unveiling more than 35 new drinks across its soda, tea, water, juice and energy brands.The Burlington, Massachusetts- and Frisco, Texas-based company announced Wednesday that the lineup will feature flavors such as Dr Pepper Creamy Coconut, A&W Root Beer Float, 7UP Shirley Temple and Canada Dry Fruit Splash Strawberry, among others."Consumers want beverages that fit every need throughout their day," Katie Web
  
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• Elon Musk reveals price of Tesla's Cybercab

  19-02-2026 23:35 via foxbusiness.com
  
  Tesla CEO Elon Musk said the company plans to sell its fully autonomous Cybercab for $30,000 or less by 2027.The electric-vehicle maker announced Tuesday that the first Cybercab had rolled off the production line at its Giga Texas factory. Shortly after, Musk responded on X to a user seeking clarification about whether the vehicle would actually launch at that price point before 2027."Elon – to be clear – the bet was that Tesla wouldn't sell a Cybercab to a customer for $30k or less
  
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• Trump admin ramps up effort to revive coal industry as power demand surges

  19-02-2026 21:32 via foxbusiness.com
  
  The Trump administration is stepping up its push to reinvigorate the U.S. coal industry as it pursues its goal of boosting energy security.Last week, the Department of Energy announced it would provide $175 million in funding for projects to modernize, retrofit and extend the useful life of six coal-fired power plants that serve rural and remote communities. The agency said the move is intended to keep dependable sources of energy online, while also strengthening the reliability o
  
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• O’Leary blasts California wealth tax as ‘bad management,’ calls on residents to 'hire' new leaders

  19-02-2026 20:08 via foxbusiness.com
  
  "Shark Tank" investor Kevin O’Leary tore into California Democrats as "terrible managers" over a proposed billionaire wealth tax Thursday, urging state residents to fire their leaders and "hire somebody else.""Why don’t the people of California say, ‘We have terrible managers?’" O’Leary asked on "Varney & Co.""They never talk about why expenses are going up, why they should cut government. Their services aren’t any better than what I’m getting here i
  
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• Johnson & Johnson to invest $1B in Pennsylvania manufacturing facility

  19-02-2026 19:34 via foxbusiness.com
  
  Johnson & Johnson on Wednesday announced plans to invest more than $1 billion in a next-generation manufacturing facility that will produce advanced cell therapy technologies.The facility will be located in Montgomery County, Pennsylvania, and Johnson & Johnson said the move will expand its U.S. manufacturing capacity along with its pipeline of transformational medicines for cancer, immune-mediated and neurological diseases.Johnson & Johnson added that the facility will have cut
  
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• Top Dems Sanders and Reich ramp up billionaire tax push, say wealthy have ‘addiction’ to greed

  19-02-2026 19:16 via foxbusiness.com
  
  Sen. Bernie Sanders and former Labor Secretary Robert Reich are escalating their attacks on America’s wealthiest individuals, accusing the "billionaire class" of having an "addiction" to greed as they push aggressive new tax hikes in solidly Democratic states like California and New York."Governors Hochul and Newsom: Don’t worry about raising taxes on the rich. True, a few rich people may abandon New York or California if taxes on them are raised, but evidence suggests the vast major
  
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• Trump administration sues Coca-Cola distributor for alleged sex discrimination over event that excluded men

  19-02-2026 18:56 via foxbusiness.com
  
  The U.S. Equal Employment Opportunity Commission (EEOC) filed a lawsuit against Coca-Cola Beverages Northeast, Inc., a producer, seller and distributor of Coca-Cola products, alleging sex discrimination. The EEOC claims the Coca-Cola distributor excluded male employees from an employer-sponsored event.The lawsuit was launched by the EEOC's Boston Area Office, the commission noted. The EEOC is responsible for investigating and litigating possible instances of employment discrimination.The co
  
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• Grandson of Reese's Peanut Butter Cups inventor accuses Hershey of recipe changes

  19-02-2026 15:49 via cbc.ca
  The grandson of the inventor of Reese's Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese's brand by shifting to cheaper ingredients in many products.
  
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• Real estate experts blast Mamdani’s math-defying tax plan, warn of higher rents and flight

  19-02-2026 15:27 via foxbusiness.com
  
  New York City’s democratic socialist Mayor Zohran Mamdani has issued an ultimatum to Albany: tax the ultra-wealthy or face a "last resort" 9.5% property tax hike to plug a $5.4 billion deficit.While Mamdani claims he’s protecting the working class, real estate insiders say the plan is a math-defying disaster that will drive up rents and accelerate the flight of taxpayers to low-tax states like Florida and Texas."Even the discussion of a 9.5% hike is enough to influence buyer behavior
  
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• Walmart customers seeking value drive sales higher

  19-02-2026 13:50 via foxbusiness.com
  
  Walmart posted solid fourth-quarter results Thursday as shoppers continued prioritizing value and convenience, helping push online sales to a record share of the retailer’s business.The company reported fiscal fourth-quarter revenue of $190.7 billion, up 5.6% from a year earlier. U.S. comparable sales rose 4.6%, driven by a 2.6% increase in transactions and a 2% increase in the average amount shoppers spent per visit.Grocery prices were up just 0.6% from a year earlier, with some categorie
  
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• Beloved Iowa pizza franchise serves up ‘more than pizza’ for its customers

  19-02-2026 02:45 via foxbusiness.com
  
  For more than 50 years, Happy Joe’s Pizza has been serving up more than just their famed pizza and ice cream. It’s found something more important: a "safe haven" for children and families, according to the company’s chief "happiness" officer Tom Sacco.The brand, which is headquartered in Davenport, Iowa, began in 1972 and was founded by Joe Whitty. A "baker by trade," he ended up working for Shakey’s Pizza. "From what I understand, he went to Shakey’s and said,
  
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• Kevin Hassett says Fed economists should be 'disciplined' over tariff study

  19-02-2026 02:44 via foxbusiness.com
  
  White House economic advisor Kevin Hassett on Wednesday called for the New York Federal Reserve to punish economists who published a research paper that found that the bulk of the burden of the Trump administration's tariffs are falling on U.S. businesses and consumers."The paper is an embarrassment. It's, I think, the worst paper I've ever seen in the history of the Federal Reserve system," Hassett said in an interview on CNBC's "Squawk Box.""The people associated with this paper should pr
  
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• Grandson of Reese’s inventor blasts Hershey over alleged recipe changes: 'I threw it in the garbage'

  19-02-2026 00:47 via foxbusiness.com
  
  The grandson of the man who invented the Reese’s Peanut Butter Cup is publicly criticizing The Hershey Company, accusing the candy giant of quietly changing the recipe of certain products sold by the iconic brand.Brad Reese, grandson of founder H.B. Reese, whose company merged with Hershey in the 1960s, published an open letter on LinkedIn Saturday alleging that Hershey has replaced traditional ingredients like milk chocolate and peanut butter with lower-cost substitutes in parts of the Re
  
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• Fed dissent grows as some officials weigh return to interest rate hikes amid stubborn inflation

  18-02-2026 22:52 via foxbusiness.com
  
  Federal Reserve policymakers were mostly in agreement on the decision to leave interest rates unchanged despite two calling for cuts, though several signaled that rate hikes could be on deck if inflation remains elevated.The minutes for the January meeting of the Federal Open Market Committee (FOMC), the Fed's monetary policy-setting panel, were released Wednesday and showed that some policymakers were in favor of including language signaling the possibility of future rate hikes to tame stu
  
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• Chrysler recalls over 80K vehicles due to springs that may detach while driving

  18-02-2026 21:52 via foxbusiness.com
  
  Chrysler is recalling more than 80,000 Jeep Grand Cherokees in the U.S. after discovering that rear coil springs could detach while driving, creating a potential road hazard.The recall covers 2021–2023 Jeep Grand Cherokee and 2021–2023 Jeep Grand Cherokee L models. In total, 80,620 vehicles are affected, though regulators estimate about 0.5% may have the defect, according to a Jan. 29 notice from the National Highway Traffic Safety Administration (NHTSA)."A rear coil spring that deta
  
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• Ohio governor says ending property taxes could push state's sales tax to 20%

  18-02-2026 21:50 via foxbusiness.com
  
  A proposal to abolish property taxes in the state of Ohio could prompt a surge in other forms of taxation to offset the lost revenue if voters approve the measure, the state's governor warned.Gov. Mike DeWine, a Republican, spoke at a conference earlier this month and said that if the proposed constitutional amendment to ban property taxes reaches the ballot and is approved by voters, the state government may be forced to raise sales taxes to compensate for the impact on the state budget.&n
  
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• Arbitrator settles flight attendant wages at Air Canada, bringing labour dispute to an end

  18-02-2026 20:29 via cbc.ca
  An arbitrator reviewing wages for flight attendants at Air Canada has finalized rates at the airline, bringing an end to the labour dispute that saw travel disrupted for thousands of people last summer.
  
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• Arbitrator settles flight attendant wages at Air Canada, as labour dispute comes to official end

  18-02-2026 20:29 via cbc.ca
  An arbitrator reviewing wages for flight attendants at Air Canada has finalized rates at the airline, bringing an end to the labour dispute that saw travel disrupted for thousands of people last summer.
  
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• Mark Zuckerberg faces jury in landmark trial over alleged youth harm linked to social media

  18-02-2026 18:55 via foxbusiness.com
  
  Meta CEO Mark Zuckerberg took the stand Wednesday in a landmark trial over claims his platforms harm children, a case that could cost the company billions and redefine social media accountability.The unprecedented trial, unfolding in Los Angeles Superior Court, is widely seen as a bellwether for hundreds of similar lawsuits pending nationwide. Cameras were barred from the courtroom, and Judge Carolyn Kuhl warned that anyone using AI-enabled smart glasses during the tech titan’s testimony w
  
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• Meta no longer designs apps to maximize screentime, Zuckerberg says during social media trial

  18-02-2026 14:49 via cbc.ca
  Meta CEO and billionaire Facebook founder Mark Zuckerberg is set to be questioned for the ‌first time in a U.S. court on Wednesday about Instagram's effect on the mental health of young users, as a landmark trial over youth social media addiction continues.
  
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• Mark Zuckerberg to testify in landmark trial alleging that social media harms children

  18-02-2026 14:49 via cbc.ca
  Meta CEO and billionaire Facebook founder Mark Zuckerberg is set to be questioned for the ‌first time in a U.S. court on Wednesday about Instagram's effect on the mental health of young users, as a landmark trial over youth social media addiction continues.
  
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• Saskatchewan-raised co-owner of non-alcoholic winery lands $1M deal on Dragons' Den

  18-02-2026 12:00 via cbc.ca
  ONES is the passion project of Tyler Harlton from Pense, Sask., and Chris Pagliocchini, a scientist for Agriculture Canada. Harlton is no stranger to the agriculture industry himself, having grown up surrounded by Prairie farms.
  
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• National real estate association blames Ontario snowstorm for cooling housing sales January

  18-02-2026 11:00 via cbc.ca
  The Canadian Real Estate Association (CREA) is blaming Old Man Winter as a factor in cool housing sales during the month of January.
  
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• National real estate association blames Ontario snowstorm for cooling housing sales in January

  18-02-2026 11:00 via cbc.ca
  The Canadian Real Estate Association (CREA) is blaming Old Man Winter as a factor in cool housing sales during the month of January.
  
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• A chat with Shohei? This tech firm is pitching an AI version of baseball's biggest stars

  18-02-2026 10:00 via cbc.ca
  How would you like to have a one-on-one friendship with your favourite professional baseball player? A California-based tech company is pitching exactly that — by building AI-powered avatars of every Major League Baseball star.
  
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• Warner Bros. reopening takeover talks with Paramount, but Netflix deal still favoured

  17-02-2026 16:24 via cbc.ca
  Netflix, the preferred bidder to buy Warner Bros.' studio and streaming businesses, has given Warner a seven-day waiver to reopen talks with Paramount. The companies now have until Monday of next week to work out a possible deal, which Netflix would be allowed to match.
  
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• Canada's annual inflation rate edged down to 2.3% in January with decline in gas prices

  17-02-2026 14:36 via cbc.ca
  Canada's annual inflation rate edged down to 2.3 per cent in January, Statistics Canada said on Tuesday.
  
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• Canada's annual inflation rate edged down to 2.3% in January

  17-02-2026 14:36 via cbc.ca
  Canada's annual inflation rate edged down to 2.3 per cent in January, Statistics Canada said on Tuesday.
  
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• Car dealers seek reimbursement for EVs sold under old rebate program as new one launches today

  16-02-2026 16:22 via cbc.ca
  The reborn federal electric vehicle rebate program launches today, but some auto dealers in Canada say they're still out tens of thousands of dollars from the last one.
  
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• Logan Paul sells Pikachu Illustrator trading card for more than $16.4M

  16-02-2026 15:38 via foxbusiness.com
  
  Logan Paul’s big bet on Pokémon appeared to have paid off Sunday night.The WWE star and social media influencer broke a world record when he sold his 1998 Japanese Pikachu Illustrator, graded as a PSA gem mint 10, for more than $16.4 million. It was the only card of its kind to receive the high grade by PSA, which graded 52 others. Comparatively, Beckett graded five similar cards, with the highest being a mint 9 grade.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM"Absolute m
  
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• X outage takes down social media platform

  16-02-2026 15:37 via foxbusiness.com
  
  X experienced a widespread outage early Monday, leaving thousands of users unable to access the social media platform.According to DownDetector, a website that tracks service disruptions based on user reports, complaints spiked, numbering in the tens of thousands, far above the typical baseline level.This is a breaking news story; check back for updates.
  
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• ‘Wall Street to Y’all Street’: Why America’s wealthy trades city luxury for acres of Texas freedom

  16-02-2026 12:00 via foxbusiness.com
  
  For millionaire business owner Frederic Lepoutre, the decision to move his family from the South Florida coast to Texas Hill Country wasn't just about a change of scenery — it was a lesson in efficiency.While building a custom home in a place like Broward County can be a yearslong odyssey of red tape and soaring insurance premiums, Lepoutre saw his 11-acre Texas estate go from breaking ground to move-in ready in just over 12 months. With an initial property tax bill of just $8 on his
  
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• Canadians are ready for Chinese-made autos, but experts note there are security risks

  16-02-2026 10:00 via cbc.ca
  Weeks after Ottawa announced that it would allow a limited number of Chinese-made vehicles into the Canadian market, some have warned that the move puts data privacy at risk. But that might not be a significant turn-off for consumers who are in the market for a new car.
  
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• More than 191,000 Aroeve air purifiers recalled over overheating, fire risk

  16-02-2026 09:53 via foxbusiness.com
  
  More than 191,000 Aroeve air purifiers have been recalled after dozens of overheating incidents and one reported fire, according to the U.S. Consumer Product Safety Commission (CPSC).The recall affects approximately 191,390 units of Aroeve brand air purifiers, regulators said."The air purifiers can overheat and ignite, posing fire and burn hazards to consumers," the CPSC said in a recall notice.JAGUAR LAND ROVER RECALLING 2,300 ELECTRIC VEHICLES IN US OVER FIRE RISKAroeve has received 37 reports
  
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• Award-winning pilot and wife die in plane crash after dirty windows prompt emergency landing, pet dog survives

  16-02-2026 03:55 via foxbusiness.com
  
  Authorities told FOX Business on Sunday that a couple, reportedly an award-winning pilot and his wife, died in a tragic plane crash last week after declaring an emergency landing "due to oil on the windshield."  Local media outlet KLTV said the couple’s dog was also on board and miraculously survived the devastating crash.The incident occurred in East Texas last Wednesday around 5:30 p.m., when a Beechcraft A36 struck power lines while diverting to Brownsboro, the National Transp
  
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• Baby food recalled nationwide after dangerous toxin found in federal testing raises health concerns

  16-02-2026 02:21 via foxbusiness.com
  
  A nationwide recall has been issued for a baby fruit purée after federal testing found elevated levels of patulin, a toxin that can pose health risks with prolonged exposure.Initiative Foods announced Friday that it is recalling one lot of its "Tippy Toes" Apple Pear Banana Fruit purée following the test results.Patulin is a naturally occurring toxin produced by molds that can develop in fruits, particularly apples. Prolonged ingestion of the substance may lead to adverse health ef
  
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• Costco launches mobile app ordering for custom cakes and deli trays, easing customer woes

  16-02-2026 01:42 via foxbusiness.com
  
  Costco is officially retiring a decades-old system customers have long found frustrating as part of its latest major digital overhaul.  Customers will soon be able to place custom cake and deli tray orders directly through the company’s mobile app and website. Previously, shoppers were required to drive to Costco just to fill out paper order forms in-store. Executives of the major retailer said the upgrade, which would streamline orders from start to pickup, addresses an outdated
  
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• Verizon customers face 35-day wait to unlock paid-off phones under policy change

  15-02-2026 23:56 via foxbusiness.com
  
  Verizon has added on a step for customers wanting to unlock their fully paid-off devices by introducing a new waiting period in certain cases.Under Verizon’s current device-unlocking policy, customers who pay off their payment agreement balance online or in the My Verizon app have to wait 35 days before their phone will be unlocked.The same delay applies if a Verizon Gift Card is used to buy a smartphone or customers pay off the remaining balance.The delay also applies to postpaid customer
  
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• Musk company chosen for underground transit system for Universal parks

  15-02-2026 20:15 via foxbusiness.com
  
  Elon Musk’s The Boring Company has been selected to begin negotiations for a proposed underground transit system connecting Universal Orlando’s parks, following a vote by the Shingle Creek Transit and Utility Community Development District Board.During its Feb. 11 meeting, the board authorized staff to enter contract negotiations with The Boring Company after determining its proposal best met the district’s request for an "innovative, future-ready, point-to-point solution."The
  
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• Tourism was once an 'economic locomotive' in Cuba. Now, the train is coming off the tracks

  15-02-2026 10:00 via cbc.ca
  For decades, Cuba's tourism sector has enjoyed a reputation as an "economic locomotive" among authorities who saw it as the lifeblood of the Caribbean island country's economy. But the industry has been in decline since its 2018 peak, and the U.S. government squeezing Cuba's oil supply has pushed the nation's most crucial industry closer to its breaking point.
  
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• Living alone? The 'singles tax' that costs $10K a year

  14-02-2026 18:04 via foxbusiness.com
  
  Americans who live alone are paying a five-figure "singles tax" amid rising rents around the nation, a new analysis finds.Data from Zillow shows that the typical apartment rent is currently $1,745 and has risen 30% over the last five years, which represents a significant burden for renters who live alone and don't have one or more roommates to split the bill with.The premium paid by solo renters was dubbed the "singles tax" by Zillow, which found that the national average singles tax a
  
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