Business news

• Canadian economy added 8,200 jobs in December, while unemployment rose to 6.8%

  09-01-2026 15:00 via cbc.ca
  The results come after three months of strong gains from September to November. Full-time employment rose to 50,200, while part-time ‍employment fell ⁠by 42,000.
  
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• Urgent recall: 13K chargers sold at TJ Maxx, Marshalls may explode during use

  09-01-2026 05:37 via foxbusiness.com
  
  More than 13,000 wireless chargers sold in the U.S. at T.J. Maxx and Marshalls have been recalled over fears that they could "explode while in use," according to the U.S. Consumer Product Safety Commission.The Isla Rae-branded magnetic wireless chargers were recalled on Thursday."The chargers can explode while in use, posing a fire and burn hazard," the commission said.They were sold at T.J. Maxx and Marshalls stores across the country for $15 between June 2024 and November 2025. The chargers we
  
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• Construction giant unveils AI to help prevent job site accidents: ‘It’s essentially a personal assistant’

  09-01-2026 01:13 via foxbusiness.com
  
  Construction equipment giant Caterpillar has unveiled a new artificial intelligence (AI) tool designed to improve job site safety and boost efficiency as the industry grapples with labor shortages.Speaking Wednesday on FOX Business’ "The Claman Countdown" from the Consumer Electronics Show (CES) 2026 in Las Vegas, Caterpillar CEO Joseph Creed highlighted the company's new Cat AI Assistant, which he said helps shorten training time for new operators while improving productivity and safety."
  
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• LARRY KUDLOW: What’s wrong with 5% growth?

  08-01-2026 23:34 via foxbusiness.com
  
  What’s wrong with 5% growth? Or more?Just to reprise my New Year’s message that a Trump economic boom could deliver 5%, 6%, or even 7% growth, there are numbers out today that are uniformly stronger than even I thought. Economists take note: Mr. Trump knows the economy better than you do. And what’s wrong with 5%, or better, growth?The Atlanta Fed GDPNow for Q4, which you recall was the shutdown quarter, was revised up to 5.4%. Meanwhile, the productivity of the economy, which
  
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• Trump vows to slash mortgage rates, revive 'American Dream' while blaming Biden housing failures in Truth post

  08-01-2026 23:16 via foxbusiness.com
  
  President Donald Trump said he is directing representatives to buy $200 billion in mortgage bonds to drive down rates, blaming former President Joe Biden for what he called a broken economy marked by inflation, crime and an "American Dream" he says his administration is restoring.The comments came in a social media post Thursday in which Trump leveled a broader critique of the Biden-era economy while highlighting past decisions he said strengthened key housing institutions."Biden ignored the Hou
  
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• ‘Builder-in-chief’: Fed housing director backs Trump plan to ban investors from buying homes

  08-01-2026 22:44 via foxbusiness.com
  
  "Builder-in-chief" President Donald Trump is bringing the housing market back to life, U.S. Federal Housing Finance Agency Director Bill Pulte told "Making Money" on Thursday.Trump announced Wednesday that he plans to ban institutional investors from purchasing single-family homes."I'm very confident we can resuscitate the housing market, but it's dead after what Joe Biden did," Pulte told FOX Business anchor Cheryl Casone.TRUMP ANNOUNCES PLANS TO BAN INSTITUTIONAL INVESTORS FROM BUYING SINGLE-F
  
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• Ford named No. 1 most iconic American company in nationwide survey: 'Making people's lives better'

  08-01-2026 21:56 via foxbusiness.com
  
  Ford Motor Company has been named the No. 1 most iconic company in America, according to a new ranking by Time magazine and global data platform Statista.The recognition, based on a nationwide survey of U.S. residents, places the Michigan-based automaker at the top of a list of 250 American companies that not only have achieved commercial success but also have played a "vital role in shaping culture and society," Time magazine reported."Just as my great-grandfather put the world on wheels to giv
  
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• IRS announces start date of 2026 tax filing season: what to know

  08-01-2026 21:46 via foxbusiness.com
  
  The IRS on Thursday announced the start date for the 2026 tax filing season later this month, when taxpayers will be able to start filing their returns for the past year.Taxpayers may begin filing their 2025 tax returns on Monday, Jan. 26, the IRS announced. That will give taxpayers more than two months to file their returns ahead of the Wednesday, April 15 deadline to file or request an extension until the fall.The IRS Free File program will start accepting individual tax returns on F
  
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• Hilton tears down signs to sever ties with Minneapolis hotel that allegedly refused ICE agents rooms

  08-01-2026 21:37 via foxbusiness.com
  
  Hilton Hotels is tearing down its signs in front of the Minneapolis-area Hampton Inn property that allegedly refused service to Department of Homeland Security (DHS) agents. It's the latest move by Hilton that underscores its attempt to sever its relationship with the Hampton Inn in Lakeville, a Hilton brand that's run independently by Everpeak Hospitality. Hampton by Hilton Hotels are primarily owned and operated by independent franchisees, but they are required to follow Hilton's brand st
  
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• Trump's call for $1.5 trillion defense budget would add trillions to debt: CRFB

  08-01-2026 19:40 via foxbusiness.com
  
  President Donald Trump on Wednesday called for increasing next year's defense budget to $1.5 trillion, up from his prior proposal of $1 trillion, which a budget watchdog is warning would add trillions to the national debt.Trump said in a post on his Truth Social platform that, after discussions with lawmakers and administration officials, he determined that "in these very troubled and dangerous times, our Military Budget for the year 2027 should not be $1 Trillion Dollars, but rather $1.5 T
  
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• Americans flee mortgage market despite lower rates as lenders tighten grip on credit nationwide

  08-01-2026 19:37 via foxbusiness.com
  
  Fewer Americans are applying for mortgages despite lower rates — even as lending standards tighten — signaling that high prices and financial pressures are outweighing modest rate relief.For the week ending Jan. 2, mortgage applications fell 9.7% from two weeks earlier, a steep drop marking a new low to close out 2025, according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey. That’s a roughly 10% decline, meaning fewer people are tr
  
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• Inside RobotLAB: How Texas company is helping businesses nationwide fill labor gaps with AI

  08-01-2026 17:36 via foxbusiness.com
  
  As artificial intelligence is rapidly evolving, Fox News got an exclusive look at a company helping businesses nationwide harness AI-powered robots to boost efficiency and fill labor gaps. RobotLAB, with 36 locations across the country and headquartered in Texas, houses more than 50 different types of robots, from cleaning and customer service bots to security bots.Almost every industry can use the robots, from engaging dementia patients in nursing homes and delivering food in restaurants a
  
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• Paramount refuses to back down in Warner Bros. Discovery takeover fight against Netflix

  08-01-2026 17:28 via foxbusiness.com
  
  Paramount on Thursday continued to insist it made a superior offer for Warner Bros. Discovery, compared to that of Netflix, despite pushback from the WBD board of directors.Netflix agreed last year to acquire Warner Bros. Discovery's film and television studios and streaming platform, HBO Max, in a cash-and-stock deal valued at $27.75 per Warner Bros. Discovery share. Paramount, a Skydance Corporation, then launched a hostile takeover bid for all of Warner Bros. Discovery, in
  
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• Venezuela’s rare earth minerals could reduce US dependence on China, expert says

  08-01-2026 16:51 via foxbusiness.com
  
  The deposition of Venezuelan dictator Nicolás Maduro has sparked questions about the country’s future — and its vast natural resources. While many, including President Donald Trump, have focused on Venezuela’s oil as a potential benefit to the U.S., one expert says the country’s rare earth minerals may be getting overlooked."I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION barrels of high quality, san
  
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• Why building a home takes much longer in different parts of the US

  08-01-2026 16:42 via foxbusiness.com
  
  The average time to build a home in the U.S. can stretch to nearly 14 months in some regions, driven by stringent regulations, labor shortages and other construction constraints, according to data from the National Association of Home Builders (NAHB). The Middle Atlantic faces the longest waiting period, with the average time between when a project is officially approved to when it is completed being 13.7 months. That's based on the 2024 data from the U.S. Census Bureau’s Survey of Co
  
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• Canada's share of exports to U.S. hit lowest level in decades in October

  08-01-2026 16:24 via cbc.ca
  Exports to the U.S. slumped in October to their lowest level outside of the pandemic since 1997, while exports to countries other than the U.S. jumped in the same month. The shift comes after U.S. President Donald Trump imposed hefty tariffs on much of the world.
  
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• Trump's tariff fight at the Supreme Court could make for a messy refund battle for businesses

  08-01-2026 16:03 via cbc.ca
  The Supreme Court is expected to issue rulings on Friday but, as is customary, has not said what case or cases will be acted upon. If they strike down Trump's tariffs, the U.S. could have to pay back billions — but companies, trade lawyers and customs brokers don't anticipate the government would make it easy to recoup that cash.
  
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• Energy secretary says Chevron expansion, US oil role in Venezuela could come ‘pretty quickly’

  08-01-2026 16:03 via foxbusiness.com
  
  As the White House prepares to meet with America’s largest oil companies about Venezuela’s oil sector, U.S. Energy Secretary Christopher Wright explained what could come next for the crude-rich country and what timeline producers might face in helping develop its resources."Of course, we'd like to go back to Venezuela. You know, it's United States companies that started their oil and gas industry — Chevron's been there for over 100 years," Wright told FOX Business' Maria Bartir
  
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• Supreme Court expected to rule Friday on Trump's power to impose tariffs

  08-01-2026 15:41 via foxbusiness.com
  
  The nation’s highest court is poised to rule Friday on a case that could redefine the scope of President Donald Trump's trade agenda.The cases stem from lawsuits filed by an educational toy manufacturer and a family-owned wine and spirits importer challenging Trump’s tariffs. The court must decide whether the International Emergency Economic Powers Act (IEEPA) gave the president the power to impose the tariffs, or whether the move overstepped constitutional limits.TRUMP DEFENDS TARIF
  
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• The best (and worst) housing markets for retirees in 2026

  08-01-2026 15:11 via foxbusiness.com
  
  An estimated 6.5 million Americans will retire in 2026. Are you one of them? If so, you've likely already begun to consider where you might settle down and spend your golden years. You might even be considering buying a home just for your retirement.Before you make that leap, it's good to know which housing markets are expected to be strong in 2026 and which are expected to be unaffordable. To determine the 20 best and 20 worst housing markets for retirees in 2026, GOBankingRates sourced various
  
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• Department of Transportation proposes scrapping automated traffic cameras in DC

  08-01-2026 09:48 via foxbusiness.com
  
  The Department of Transportation is seeking to eliminate the use of automated traffic enforcement cameras in Washington, D.C.The proposal, which was sent to the White House Office of Management and Budget, would result in millions of dollars in lost revenue but would likely be celebrated by drivers frustrated by traffic tickets received because of the cameras, according to Politico.The initiative seeks to outlaw speed, red light and stop sign cameras throughout the district as part of the upcomi
  
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• Trump signs order to block defense companies from buying back stock until arms production improves

  08-01-2026 04:31 via foxbusiness.com
  
  President Donald Trump signed an executive order on Wednesday to block defense companies from paying dividends or buying back stock until they improve production and delivery performance."Effective immediately, they are not permitted in any way, shape, or form to pay dividends or buy back stock, until such time as they are able to produce a superior product, on time and on budget," the order reads.Trump and the Pentagon have criticized the defense industry for what they describe as high costs an
  
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• Treasury implementing Trump’s car loan interest tax break: 'Putting money back in the pockets'

  08-01-2026 01:24 via foxbusiness.com
  
  The Treasury Department is implementing President Donald Trump’s No Tax on Car Loan Interest policy, a measure designed to lower costs for American families, Treasury Secretary Scott Bessent said Wednesday.The policy, enacted as part of Trump’s "big, beautiful bill," allows eligible taxpayers to deduct up to $10,000 a year in car loan interest on new, U.S.-assembled vehicles purchased between 2025 and 2028."Treasury is implementing President Trump’s No Tax on American Car Loan
  
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• Defense tech company head calls for turning Taiwan into a 'prickly porcupine that nobody wants to step on'

  08-01-2026 00:54 via foxbusiness.com
  
  A U.S. defense tech company executive who has been personally sanctioned by China over his company's arm sales to Taiwan says he wears the ban as a badge of honor."It’s an award I’m very, very proud to win," Anduril founder Palmer Luckey told FOX Business anchor Liz Claman from CES 2026 in Las Vegas Wednesday.Just one week after Washington announced an arms-sale package valued at more than $10 billion to Taiwan, Beijing imposed sanctions on 20 U.S. defense companies and 10 senior exe
  
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• LARRY KUDLOW: Drill, baby, drill is throwing the communists out of the Western Hemisphere

  08-01-2026 00:45 via foxbusiness.com
  
  President Trump is tightening the screws around the communist regime of Delcy Rodgriguez and her husband, and the rest of the Chavista state in Venezuela, by ordering them to turn over up to 50million barrels of sanctioned oil to the United States of America. The oil will be sold on the market, and the money will be controlled by Mr. Trump. I love that. He’s kind of like the landman in the great TV series. He’s making a great deal, and he’s turning around the only leverage that
  
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• Pilot who safely landed Alaska Airlines jet after door blowout says Boeing tried to make him a ‘scapegoat’

  07-01-2026 22:33 via foxbusiness.com
  
  An Alaska Airlines pilot credited with safely landing a jet after a midair cabin panel blowout is reportedly suing Boeing, alleging the aircraft manufacturer attempted to shift blame for the incident onto him.Capt. Brandon Fisher filed the lawsuit on Dec. 30 in Oregon, seeking $10 million in damages. The complaint alleges Boeing tried to make Fisher a "scapegoat" in the aftermath of the emergency.The lawsuit stems from Alaska Airlines Flight 1282, a Boeing 737 Max 9 that was forced to make an em
  
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• Trump wants to 'ban large institutional investors from buying more single-family homes'

  07-01-2026 21:45 via foxbusiness.com
  
  President Donald Trump wants to make homeownership the center of the American Dream once again. He's now proposing a ban on "large institutional investors" purchasing single-family homes."For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for f
  
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• Trump announces plans to ban institutional investors from buying single-family homes

  07-01-2026 20:39 via foxbusiness.com
  
  President Donald Trump on Wednesday announced plans to ban institutional investors from purchasing single-family homes in what he sees as a means of improving affordability for Americans.Trump wrote in a post on his Truth Social platform that, "For a very long time, buying and owning a home was considered the pinnacle of the American Dream." "It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrat
  
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• Video game giant Ubisoft closes Halifax studio, cutting 71 jobs

  07-01-2026 19:02 via cbc.ca
  Staff formed company's first North American union in late December but Ubisoft says unionization did not influence closure.
  
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• Ubisoft closes Halifax studio, 71 employees affected

  07-01-2026 19:02 via cbc.ca
  Software company Ubisoft has closed its Halifax studio, putting 71 staff members out of work.
  
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• Quebec Superior Court approves class action against Ticketmaster over service fees

  07-01-2026 16:39 via cbc.ca
  The Quebec Superior Court has authorized a class-action lawsuit against Ticketmaster that accuses the American company of charging abusive service fees on ticket sales.
  
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• Warner Bros. rejects revised Paramount bid, tells shareholders to stay with Netflix

  07-01-2026 13:55 via cbc.ca
  Warner Bros. Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4-billion US hostile bid amounted to a risky leveraged buyout that investors should reject. The board repeated their commitment to Netflix's offer, which they say offers more value and certainty.
  
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• Warner Bros. rejects revised Paramount bid as risky leveraged buyout

  07-01-2026 13:55 via cbc.ca
  Warner Bros. Discovery's board has unanimously turned down Paramount Skydance's latest attempt to acquire the studio, saying its revised $108.4-billion US hostile bid amounted to a risky leveraged buyout that investors should reject.
  
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• GTA home sales fell 11.2% last year compared to 2024, report says

  07-01-2026 11:00 via cbc.ca
  Home sales dropped 11.2 per cent in the Greater Toronto Area last year compared to that of 2024, according to a new report released Wednesday.
  
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• IN PHOTOS | Tech highlights from CES 2026

  06-01-2026 20:51 via cbc.ca
  Companies both large and small are giving the public a first look at their new products during CES 2026, the world's largest consumer technology trade show, now underway in Las Vegas.
  
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• Air Transat pilots vote to ratify new five-year deal

  06-01-2026 20:31 via cbc.ca
  91 per cent of Air Transat pilots who voted agreed to ratify a new five-year employment contract with the airline. The union and company reached the tentative deal in December, narrowly avoiding a strike.
  
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• Nestlé recall of some baby formulas does not apply to Canadian products, company says

  06-01-2026 19:38 via cbc.ca
  Nestlé voluntarily recalled a number of baby formula batches due to potential contamination with a toxin that can cause severe vomiting and nausea. The recall applies to products sold in a number of countries, mostly within Europe, but the company says Canada is not affected.
  
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• Ford's annual U.S. sales rise 6% on strong sales for affordable trucks and hybrid cars

  06-01-2026 18:03 via cbc.ca
  Slowing sales of electric vehicles were offset by an uptick in demand for its more affordable Maverick truck, and for hybrid vehicles.
  
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• More oil production in Venezuela could hurt Canada's oilpatch

  06-01-2026 10:00 via cbc.ca
  A regime change in Venezuela could both help that country regain its former prominence as an oil producer and pose a threat to Canada’s industry, which is producing record amounts of oil and is expected to continue to grow for several more years.
  
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• Hilton distances itself from Minneapolis hotel after ICE agents denied rooms

  06-01-2026 00:45 via foxbusiness.com
  
  Hilton Hotels said it is investigating an independently owned Minneapolis-area property after the Department of Homeland Security (DHS) alleged law enforcement officers were refused service, a dispute that has renewed scrutiny of the company’s long-standing opposition to immigration-related activity at its hotels.Emails shared on social media by DHS and U.S. Immigration and Customs Enforcement (ICE) appear to show staff at the Hampton Inn by Hilton Lakeville, Minnesota, telling people link
  
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• LARRY KUDLOW: Trump’s freedom corollary to the Monroe doctrine

  05-01-2026 23:56 via foxbusiness.com
  
  Just in case you missed it, President Trump just updated the Monroe Doctrine, with a clear-headed legal case, and an incredibly well-executed military action to take out Venezuela’s communist strongman and his wife. I believe that Mr. Trump is exactly right to bend the arc of history back toward freedom. It’s a great and noble mission. And here is Mr. Trump’s definition of it.Asked by a reporter "If you had to sum up Operation Absolute Resolve, would you say that it was ab
  
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• Disney World rocked by latest tragedy as man found dead in parking garage on premises

  05-01-2026 22:07 via foxbusiness.com
  
  This story discusses suicide. If you or someone you know is having thoughts of suicide, please contact the Suicide & Crisis Lifeline at 988 or 1-800-273-TALK (8255).Officials announced that a man was found dead at Disney World on Friday night, rocking the resort as the latest tragedy in a string of deaths reported in recent months.Orange County Sheriff's Office (OCSO) told FOX Business Monday that the death is being investigated as a possible suicide.The incident occurred in the Orange Garag
  
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• AT&T plans new to build new headquarters outside of Dallas

  05-01-2026 21:09 via foxbusiness.com
  
  AT&T is planning to build a new corporate headquarters outside downtown Dallas in the suburban city of Plano, the company said in a letter to employees on Monday.CEO John Stankey said in a letter to AT&T employees that the company plans to relocate its headquarters, which has been in Dallas since 2008, to a location near the Legacy West food and shopping district in Plano.The new headquarters will be situated on 54 acres of land that previously served as the headquarters of Electronic Da
  
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• Canadian energy stocks tumble after U.S. incursion in Venezuela

  05-01-2026 20:03 via cbc.ca
  North American oil prices climbed by more than one per cent on Monday following the upheaval in Venezuela over the weekend, while stock prices of some large Canadian oil and gas companies have fallen.
  
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• Maduro’s capture puts Cuba’s Venezuelan oil-dependent economy at risk

  05-01-2026 19:59 via foxbusiness.com
  
  The U.S. military operation to apprehend and remove Venezuelan leader Nicolás Maduro from power could put pressure on Cuba's economy as the communist country reels from the loss of a key economic and security partner.Maduro was captured alongside his wife over the weekend after President Donald Trump ordered the operation to take the couple into custody on charges related to a narcoterrorism conspiracy.The ouster of Maduro threatens to unwind an economic partnership that was establis
  
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• Marcus Lemonis named Bed Bath & Beyond CEO, details future plans for retailer

  05-01-2026 19:29 via foxbusiness.com
  
  Bed Bath & Beyond on Monday named Executive Chairman Marcus Lemonis as its new chief executive.In a letter to shareholders on Monday, Lemonis, who will continue serving as executive chairman, outlined plans to help the company cut costs and pursue expansion opportunities, including acquisitions. CAN BED BATH & BEYOND PULL OFF A COMEBACK?"I have always felt that home ownership is a bedrock of the American Dream. Whether someone is renting their first apartment, living in student hous
  
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• Venezuela's billions in distressed debt: Who is in line to collect?

  05-01-2026 19:01 via foxbusiness.com
  
  The toppling of Nicolas Maduro has thrust Venezuela's debt crisis - one of the world's largest unresolved sovereign defaults - into the limelight.Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in late 2017 after missing payments on international bonds issued by the government and state oil company, Petroleos de Venezuela, known as PDVSA.Since then, accumulated interest and legal claims tied to past expropriat
  
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• Oil experts predict slight rise in gas prices as global tensions mount

  05-01-2026 18:08 via foxbusiness.com
  
  Geopolitical uncertainty combined with the loss of Venezuelan exports could push oil and gasoline prices slightly higher in the weeks ahead, according to an industry expert. Still, prices at the pump would remain at their lowest levels since the COVID-19 pandemic.Andy Lipow, president of Lipow Oil Associates, projected that oil would rise $3 per barrel in the immediate future, equivalent to less than 10 cents per gallon for gasoline. Still, he said that crude oil prices, which account for nearly
  
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• America needs AI manufacturing speed to prevent global conflict and outpace adversaries, Palantir CTO says

  05-01-2026 17:13 via foxbusiness.com
  
  The missing piece of America’s defense system is AI-driven industrial speed — not just weapons, according to one prominent tech executive, but the ability to build them fast enough to matter."There is a historic opportunity for America to underwrite the next decade of our prosperity with AI," Chief Technology Officer of Palantir Shyam Sankar said on "Mornings with Maria" Monday. "The other element of deterrence is really the factory floor. It's, how do we make our weapons, our platfo
  
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• Sushi chain owner pays $3.2M for massive bluefin tuna

  05-01-2026 16:31 via foxbusiness.com
  
  A Japanese sushi chain shattered records Monday by paying a staggering $3.24 million (510 million yen) for a single bluefin tuna at Tokyo’s famed New Year fish auction.The top bidder for the prized 536-pound tuna was Kiyomura Corp., the Tokyo-based operator of popular sushi restaurant chain Sushi Zanmai. The bid broke Kiyomura's previous record of $2.1 million (333.6 million yen) in 2019.Kiyomura owner Kiyoshi Kimura told reporters that he did not expect to pay so much for the fish, but "t
  
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