Business news

• First Russian diesel tanker heads to New York after Trump's deal with Putin to lower fuel prices

  24-10-2026 23:48 via Latest Business News on Fox Business
  
  The first tanker with 40,000 tons of diesel left for New York from Russia earlier this week following President Donald Trump’s deal with Russian President Vladimir Putin to release millions of tons of diesel into the global supply, Fox News has reported.This comes as diesel has shot to more than $6 per gallon in the U.S."The first oil tanker has sailed off to customers, and regular supplies will continue," Kremlin spokesperson Dmitry Peskov said on Friday.TRUMP TRIES DIFFERENT APPROACH WITH RU
  
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• Ukraine regains critical Starlink service after restrictions disrupt drone operations

  24-10-2026 17:37 via Latest Business News on Fox Business
  
  Ukraine's Ministry of Defense announced Saturday that it had regained broader access to Starlink, a critical service for military drones, battlefield communications and other fast-moving equipment.The restoration comes after more than a week of speed restrictions on SpaceX's Starlink and Starshield services that disrupted Ukraine's war effort against Russia.It remains unclear what led to the slowdown in service, with Ukraine having accused both President Donald Trump and SpaceX CEO Elon Musk of
  
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• Live music hits a massive 'Dynamite' milestone – I found out why in a small Austin club

  24-10-2026 16:00 via Latest Business News on Fox Business
  
  I have a soft spot for hard rock. So I find myself in one of Austin’s live music clubs listening to a band on the tail end of their world tour.A guitarist is under the stage lights at Come and Take It Live, swaying and concentrating, the strains of a Stevie Ray Vaughan classic floating from the amps. The night air crackles. The rapt audience takes it in, applauding as the guitarist moves gracefully through the soulful notes. If you’ve played a musical instrument of any kind at any skill leve
  
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• GOP firebrand Luna joins California Democrat Khanna in surprising push to overhaul workplace rules

  24-10-2026 15:00 via Latest Business News on Fox Business
  
  FIRST ON FOX: Rep. Anna Paulina Luna, R-Fla., and Rep. Ro Khanna, D-Calif., jointly introduced a bill which would ban companies from imposing non-compete agreements on employees who make less than $100,000 a year, according to the bill text which Fox News Digital has obtained exclusively."This is something that people should easily be able to get behind," Khanna told Fox News Digital in an interview. Khanna highlighted the bipartisan nature of the bill, claiming that Vice President JD Vance has
  
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• US oil company holds key to Trump's Greenland drilling ambitions

  24-10-2026 12:00 via Latest Business News on Fox Business
  
  An American company says it's positioned to tap into a potentially massive oil prospect in Greenland next year, following President Donald Trump's announcement that resource exploration "is getting ready to begin" on the Arctic island.Greenland Energy Company is in the permitting process to drill its first well in 2027 in eastern Greenland, according to CEO Robert Price. The company claims that its project, in partnership with British company 80 Mile, holds the sole oil permits for exploratory d
  
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• Trump praises Elon Musk as a 'genius' while defending him against potential Democratic probes

  24-10-2026 09:05 via Latest Business News on Fox Business
  
  President Donald Trump defended Elon Musk Friday when asked whether he was concerned Democrats could target the billionaire if they gain control of Congress, saying there was an obligation to "protect our brilliant people."When asked by FOX Business White House correspondent Edward Lawrence if he was worried that Democrats could go after Musk, Trump said Americans had a responsibility to protect the Tesla and SpaceX CEO."Elon's a brilliant guy, and I have an expression: We have to protect our br
  
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• Ken Griffin warns Paris riots should be 'wake-up call' for Americans

  23-10-2026 23:52 via Latest Business News on Fox Business
  
  Citadel CEO Ken Griffin issued a warning that the riots that have occurred in Paris and other cities in France should serve as an example to young Americans that socialist policies aren't the utopia that some describe.The billionaire hedge fund manager spoke during a panel discussion at Citadel Securities' recent Future of Global Markets Conference and said that the chaos on the streets in France exemplifies where the road to socialism leads."If you want to look at where socialism leads you to,
  
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• Trump announces $275M nursing-home nurse initiative at Florida midterm rally

  23-10-2026 23:39 via Latest Business News on Fox Business
  
  President Donald Trump announced on Friday a new $275 million initiative to recruit and retain nurses in nursing homes during a rally in Fort Myers, Florida, calling the effort "breaking news for the benefit of American seniors."The Nurses for Nursing Homes program is expected to support more than 4,000 nurses nationwide, according to a formal announcement from the Department of Health and Human Services (HHS) and the Centers for Medicare & Medicaid Services (CMS)."Today I have breaking news
  
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• Microsoft says its AI tool outperforms generalist doctors in complex diagnoses

  23-10-2026 21:22 via Latest Business News on Fox Business
  
  Microsoft researchers said in a study that a new artificial intelligence (AI) tool that can diagnose patients step by step, as a doctor would, was more than twice as accurate as general physicians at solving complex medical cases.The study, published Thursday in Science, said the AI model takes a different approach to diagnosing medical issues than most other models that seek to address those issues.Microsoft said the AI model identifies and coordinates the questions that should be asked of a pa
  
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• Loblaw CEO apologizes to 2 million shoppers for personal data hack, offers free credit monitoring

  23-10-2026 21:07 via CBC | Business News
  
  The CEO of Canada’s largest grocery retailer is apologizing to about two million shoppers for a data breach earlier this year.
  
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• Consumer agency says unclear bank fees can add up for customers

  23-10-2026 20:50 via CBC | Business News
  
  Financial Consumer Agency of Canada says the bigger picture on how much Canadians pay in bank fees might be more murky than it should be, with foreign exchange fees and fees based on usage adding up for less wealthy Canadians in particular.
  
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• Trump to swap some tariffs on Canadian goods amid midterm pressure

  23-10-2026 20:44 via CBC | Business News
  
  U.S. President Donald Trump is poised to lift tariffs on some Canadian products — and hit others with new duties — as Republicans in border states lobby for relief from trade actions that have put them in a shaky political position ahead of November's midterms.
  
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• Trump to exempt some Canadian products from tariffs amid midterm pressure

  23-10-2026 20:44 via CBC | Business News
  
  U.S. President Donald Trump is poised to lift tariffs on some Canadian products as Republicans in border states lobby for relief from trade actions that have put them in a shaky political position ahead of November's midterms.
  
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• American Airlines says airfares could stay elevated even if fuel prices drop

  23-10-2026 18:12 via Latest Business News on Fox Business
  
  American Airlines issued a warning that airfares are likely to remain elevated even if there's a decline in oil prices after losses the carrier suffered earlier in the year amid surging fuel costs.The carrier's CFO, Devon May, told the Financial Times that "if fuel comes down, I think airfares probably stay largely where they're at right now.""If fuel prices go up, we need to generate higher yield, we need to generate higher fares to offset that higher fuel price," May said.American Airlines on
  
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• Canadian planemaker Bombardier to spend $270M US expanding in 4 states

  23-10-2026 15:37 via CBC | Business News
  
  The company says it will add some 800 jobs and has earmarked millions to expand in Kansas, Indiana, Texas and Connecticut. U.S. President Donald Trump indicated the expansion was coming in a social media post on Thursday — after he walked back earlier threats to prevent Bombardier from selling in the U.S.
  
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• Canadian planemaker Bombardier investing $270M in U.S. expansion

  23-10-2026 15:37 via CBC | Business News
  
  The company says its looking to hire for 500 roles and plans to add 300 more as it expands in Kansas, Indiana, Texas and Connecticut. U.S. President Donald Trump indicated the expansion was coming in a social media post on Thursday — after he walked back earlier threats to prevent Bombardier from selling in the U.S.
  
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• Jetmaker Bombardier doubles down on US investment in deal touted by Trump

  23-10-2026 13:43 via Latest Business News on Fox Business
  
  FIRST ON FOX: Canadian jetmaker Bombardier announced Friday it is "expanding in America" and "creating thousands of jobs" as part of a $270 million investment deal touted by President Donald Trump. The development comes after Trump said in September that Bombardier should no longer be allowed to sell its planes in the United States unless it manufactures them domestically. "Bombardier is expanding its presence across the country, hiring 800 people for jobs located in its home base of Kansas
  
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• How Congress could address Social Security insolvency – and the hidden cost

  23-10-2026 13:00 via Latest Business News on Fox Business
  
  Social Security is expected to reach insolvency within a decade, and with the key safety net program facing the prospect of automatic benefit cuts when that occurs, a critical debate over the cost of replacing that revenue could be obscured by a budget rule.Kent Smetters, faculty director of the Penn Wharton Budget Model, spoke exclusively with FOX Business about a new report that details how federal budget rules assume Social Security benefits would be paid in full using general revenue transfe
  
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• Florida's manufacturing ambitions take flight as aerospace, medtech giants fuel Sunshine State's economic push

  23-10-2026 12:00 via Latest Business News on Fox Business
  
  EXCLUSIVE: If you build it, they will come.That very sentiment is taking root across Florida’s sun-drenched landscape, as a calculated collaboration between private enterprise and state leadership pushes the Sunshine State towards a modern manufacturing boom."We now know Florida is the 14th largest economy in the world. And everyone thinks that Florida is agriculture, tourism and construction. And we're fortunate to have those industries, but Florida started diversifying its economy about 25 y
  
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• Taco Bell, PepsiCo extend partnership through 2036, keeping Mountain Dew Baja Blast on menu

  23-10-2026 08:00 via Latest Business News on Fox Business
  
  PepsiCo and Taco Bell are extending their decades-long partnership for another 11 years, keeping Pepsi beverages — including the fan-favorite Mountain Dew Baja Blast — at participating U.S. restaurants through 2036.The partnership covers Taco Bell, Taco Bell Cantina and Live Más Café locations nationwide, PepsiCo announced Thursday.By renewing their longstanding partnership, PepsiCo and Taco Bell have ensured that one of their most recognizable products will remain on the menu.KFC REPLACIN
  
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• What is PHP, and how did a flaw in its code lead several websites to go dark this week?

  23-10-2026 02:29 via CBC | Business News
  
  PHP is an open-source computer language that powers an estimated 70 per cent of the internet. While websites being taken offline caused alarm, that was done to implement a fix — which cybersecurity experts say show the system for remedying such issues is working.
  
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• Quest Diagnostics confirms patient information accessed in cyberattack, systems temporarily shut down

  23-10-2026 00:13 via Latest Business News on Fox Business
  
  Quest Diagnostics confirmed that patient health information or personally identifiable information was involved in a cybersecurity breach that prompted the medical testing giant to temporarily suspend access to several systems.The New Jersey-based company said Thursday that it disabled access to its Quanum Lab Services Manager (LSM) platform after discovering unauthorized access Wednesday. Quest expects to restore full functionality as soon as Friday.The platform allows certain healthcare provid
  
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• Popular kids' toothpastes among 4M tubes recalled nationwide

  23-10-2026 00:12 via Latest Business News on Fox Business
  
  Millions of tubes of toothpaste, including products featuring Barbie, Hot Wheels and Crayola branding, are being recalled nationwide.More than 4 million tubes are included in the recall, which covers more than a dozen products sold under the Brush Buddies, Evo and ARU brands, according to the U.S. Food and Drug Administration (FDA).The FDA classified the recall as Class II, citing "deviations" from current good manufacturing practice (CGMP) requirements.A Class II recall means exposure to a prod
  
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• Judge dismisses farmers' class action over end to Canadian Wheat Board monopoly more than a decade ago

  22-10-2026 23:51 via CBC | Business News
  
  A Manitoba judge has dismissed a class-action lawsuit seeking damages for grain farmers following the federal wind-down of the Canadian Wheat Board monopoly, marking what one expert calls the "last chapter" of the wheat board saga.
  
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• LARRY KUDLOW: The end is near for Iran

  22-10-2026 23:36 via Latest Business News on Fox Business
  
  "As soon as the war ends, you know, we beat the hell out of Iran as soon as the war ends and it’ll end one way or the other very quickly." President Trump said this Tuesday night at Greenville, North Carolina. And as my friend and former colleague, the former energy secretary, Dan Brouillette, told me last evening, when Mr. Trump "says he’s going to do something, there’s a pretty good doggone chance he’s gonna do it."That means we’re going to bomb Iran. Immediately after the election.
  
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• Bank of America CEO honored at $32M fundraising event against antisemitism

  22-10-2026 22:34 via Latest Business News on Fox Business
  
  Bank of America CEO Brian Moynihan was honored Wednesday night at a star-studded New York City benefit that raised more than $32 million to combat antisemitism and other forms of hate.Moynihan received the Leadership in Action Award for his support of the Blue Square Alliance Against Hate and its mission. The organization was founded by New England Patriots owner Robert Kraft in 2019.The sold-out inaugural benefit at the Waldorf Astoria drew more than 800 attendees and, according to the organiza
  
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• Lockheed Martin unveils 10-year framework to produce 850 F-35 fighter jets for the US military

  22-10-2026 21:55 via Latest Business News on Fox Business
  
  Lockheed Martin on Thursday announced a new production and sustainment framework for the F-35 Lightning II, which will see the company produce 850 aircraft for the U.S. military over the next 10 years.The framework also includes associated initial spares, 10 years of modification kits and sustainment and international customer orders at a continued production rate of 156 aircraft per year. The F-35 Lightning II is a multirole fifth-generation fighter with stealth capabilities used by three bran
  
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• Canada Post starting weekend parcel delivery in Toronto, Montreal and Ottawa this fall

  22-10-2026 21:44 via CBC | Business News
  
  Canada's national mail carrier says it plans to start delivering parcels on the weekend to seven million households by the end of 2027, as part of the financially troubled Crown corporation's major restructuring.
  
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• UK makes major energy move with North Sea project, and new gas supplies could arrive this winter

  22-10-2026 21:29 via Latest Business News on Fox Business
  
  Britain's newly approved Jackdaw gas field in the North Sea gas project could begin producing gas "as soon as this winter," potentially bringing a new source of domestic energy online within months, according to the country's ambassador to the United States.British Ambassador to the U.S. Sir Christian Turner joined FOX Business' Stuart Varney on "Varney & Co." to discuss the project's timeline, its potential economic impact and Britain's approach to energy security.The project is part of Bri
  
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• Discount chain opening new stores across 7 states in October

  22-10-2026 21:28 via Latest Business News on Fox Business
  
  Discount chain Ollie's Bargain Outlet is expanding its footprint with a wave of new store openings across seven states this month.The Pennsylvania-headquartered retailer is opening locations in Minnesota, New York, Ohio, Illinois, North Carolina, New Jersey and Maine throughout October, according to the company's website.The latest openings include a store in Baxter, Minnesota, Oct. 28, followed by locations in Waterville, Maine, and Dover, New Jersey, Oct. 29.Ollie's opened stores in Geneva, Ne
  
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• Owning a home comes with a hidden price tag, and it's getting more expensive

  22-10-2026 21:08 via Latest Business News on Fox Business
  
  The hidden costs of homeownership are rising and have increased by nearly one-third in the last five years as expenses like insurance, maintenance and property taxes take a bite out of homeowners' budgets.A new report by Zillow and Thumbtack found those costs amount to about $16,566 per year, which amounts to roughly $1,380 a month in addition to a mortgage payment.Within the $16,566 total cost, the typical U.S. homeowner faces about $11,171 in annual maintenance, $2,266 for homeowners insurance
  
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• Ken Griffin secures $3.3B loan for NYC skyscraper after earlier Mamdani feud

  22-10-2026 20:22 via Latest Business News on Fox Business
  
  Billionaire hedge fund founder Ken Griffin, Vornado Realty Trust and Rudin have finalized a joint venture to develop a 66-story Manhattan office skyscraper, securing a $3.3 billion construction loan for the project.Vornado announced Wednesday that it had finalized the joint venture with Griffin and New York real estate firm Rudin to develop the 1.9 million-square-foot tower at 350 Park Avenue. Under the joint venture, an affiliate of Griffin, the founder and CEO of Citadel, will own 60% of the p
  
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• Meta board placates Zuckerberg after threat to leave California if voters approve wealth tax measure

  22-10-2026 19:33 via CBC | Business News
  
  Meta Platforms has struck a deal with Mark Zuckerberg, Reuters has reported, in a move spurred by a California ballot measure, part of the Nov. 3 midterm elections, that has sparked heated debate and hundreds of millions in campaign spending.
  
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• Rogers to charge new fee for bills paid by credit card, says practice is 'increasingly common'

  22-10-2026 17:42 via CBC | Business News
  
  Rogers Communications says a new 1.6 per cent "credit card processing charge" will apply starting Jan. 17.
  
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• Rogers to charge new fee for bills paid by credit card, says practice is ‘increasingly common’

  22-10-2026 17:42 via CBC | Business News
  
  Rogers Communications says a new 1.6 per cent “credit card processing charge” will apply starting Jan. 17.
  
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• NYC comptroller faces questions over Israel Bonds reversal as CEO challenges financial rationale

  22-10-2026 16:18 via Latest Business News on Fox Business
  
  New York City has taken another step away from its longstanding financial relationship with Israel, as Comptroller Mark Levine declined to restore a nearly 50-year investment tradition involving Israel Bonds.City Comptroller Mark Levine is facing questions over his decision not to restore purchases of Israel Bonds, reportedly reversing a campaign pledge as the organization's CEO questioned his financial justification, saying his office only learned of the decision through news reports.The contro
  
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• Minister giving Stelco owner 15 days to reverse layoffs before turning to the courts

  22-10-2026 16:15 via CBC | Business News
  Industry Minister Mélanie Joly is giving the American parent company of Hamilton-based Stelco 15 days to reverse layoffs before seeking legal action.
  
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• Minister gives Stelco owner 15 days to reverse layoffs before turning to the courts

  22-10-2026 16:15 via CBC | Business News
  
  Industry Minister Mélanie Joly is giving the American parent company of Hamilton-based Stelco 15 days to reverse layoffs before seeking legal action.
  
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• eBay to cut about 1,000 jobs in second round of layoffs this year

  22-10-2026 14:39 via Latest Business News on Fox Business
  
  eBay is cutting approximately 1,000 jobs, or about 9% of its workforce, marking the online marketplace's second round of layoffs this year as it looks to streamline operations and focus on key areas of growth.The job cuts were outlined in an internal memo from CEO Jamie Iannone obtained by Reuters, which first reported the move Wednesday. An eBay spokesperson also confirmed the layoffs to the news agency."Our strategy is working," Iannone wrote in the memo. He said the company must decide where
  
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• Meta agrees to let Mark Zuckerberg remain in California amid proposed billionaire wealth tax

  22-10-2026 09:08 via Latest Business News on Fox Business
  
  Mark Zuckerberg has reached an agreement with Meta to remain in California after raising the possibility of leaving the state amid concerns over a proposed billionaire wealth tax.Zuckerberg, Meta's CEO, previously told the company he was considering moving his primary residence outside California because of Proposition 40, a ballot initiative that would impose a one-time tax equal to 5% of net worth on billionaires who were California residents on Jan. 1, 2026, if approved.Under the agreement, Z
  
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• Elon Musk says Tesla vehicle demand exceeding production ahead of Dallas Cybercab launch

  22-10-2026 06:38 via Latest Business News on Fox Business
  
  Tesla CEO Elon Musk said demand for the company's electric vehicles is significantly outpacing production, pointing to growing interest in Full Self-Driving technology as the automaker prepares to expand its Cybercab service to Dallas next month.Musk touted what he described as a "very strong" third quarter during Tesla's earnings call, saying the company is ramping up production to meet growing demand."Demand is growing rapidly for our vehicles. It's exceeding our production by a significant ma
  
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• Edmonton-based video game studio BioWare shutting down after more than 30 years

  22-10-2026 04:44 via CBC | Business News
  
  Video game publisher Electronic Arts is shutting down the popular Edmonton-based game development studio BioWare, known for the games Baldur's Gate and Dragon Age, after more than three decades.
  
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• GOP senator unveils plan to expand Trump Accounts to people under 40: 'Game-changer'

  22-10-2026 04:08 via Latest Business News on Fox Business
  
  Sen. Bernie Moreno, R-Ohio, said he plans to introduce legislation that would expand eligibility for Trump Accounts, currently available to children under 18, to Americans under the age of 40.Trump Accounts can be established for eligible children under 18, while U.S. citizen children born between 2025 and 2028 are eligible for a one-time $1,000 federal contribution. Individuals and employers can generally contribute up to a combined $5,000 annually.Moreno said on Tuesday he would lead a bill in
  
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• Airbnb cracks down on checkout chore lists as hosts face new limits

  22-10-2026 03:54 via Latest Business News on Fox Business
  
  Airbnb is taking aim at checkout chore lists, telling hosts that guests generally shouldn’t have to strip beds, wash dishes or haul garbage off site before heading home.The vacation rental platform announced the changes Tuesday as part of an overhaul of its house rules, drawing a clearer line between reasonable requests and cleaning work guests shouldn’t be expected to handle.The new policy applies to reservations booked on or after Nov. 20, 2026. It generally bars hosts from asking gu
  
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• Airbnb limiting the checkout chores hosts can ask guests to do

  22-10-2026 00:19 via CBC | Business News
  
  Guests staying in an Airbnb will soon have fewer chores to do before they check out after their stay. The short-term rental company has updated its policies to restrict how much cleaning hosts can ask guests to undertake before they leave.
  
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• Elon Musk says he will retaliate against Democrats who investigate him

  22-10-2026 00:10 via Latest Business News on Fox Business
  
  Elon Musk vowed to push back on Democratic lawmakers who may seek to use oversight powers against him if they're able to gain control of one or both chambers of Congress.Musk responded to a story by Politico that detailed how Democrats have considered ways in which they could investigate the billionaire and his businesses like Tesla and SpaceX."Live by the sword, die by the sword," Musk wrote in a post on his X platform."Those who pick fights with me should understand that I will find out who is
  
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• United Airlines CEO Scott Kirby doubles down on wealth tax support as a 'matter of fairness'

  21-10-2026 23:14 via Latest Business News on Fox Business
  
  United Airlines CEO Scott Kirby on Wednesday reiterated his support for a wealth tax as a matter of fairness amid criticism over his comments given his compensation.Kirby said in an interview with CNBC's "Squawk Box" that his prior comments in favor of a wealth tax were in response to a New York Times question about a non-consensus view that he holds, adding that "I'm not a politician, I'm not ever going to be in politics, nor am I a policy advocate for this or other programs.""I think a wealth
  
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• Meta ordered to pay $25B after jury finds it misled users on data privacy

  21-10-2026 23:09 via Latest Business News on Fox Business
  
  Meta Platforms has been ordered to pay $25 billion after a New Mexico jury found the company misled Facebook users over its handling of personal data and other practices in a case stemming from the Cambridge Analytica scandal.New Mexico Judge Francis Mathew issued the penalty Wednesday after jurors found last month that Meta made dozens of misleading statements to users."Facebook's wrongdoing — over the course of years and systematically broadcast to the public — goes to the heart of Faceboo
  
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• Canadian government sites among those offline after flaw identified in widely used computer language

  21-10-2026 21:50 via CBC | Business News
  
  Developers behind the PHP programming language released a fix on Wednesday after a security vulnerability was brought to light. The PHP developers urged people to implement the fix as quickly as possible, and some governments took sites offline as a precautionary measure.
  
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• Energy Dept to loan part of home heating oil reserve to ease prices, drawing bipartisan praise

  21-10-2026 20:58 via Latest Business News on Fox Business
  
  The Department of Energy (DOE) on Wednesday announced plans to loan up to about one-third of the U.S. emergency heating oil reserve in an effort to ease price pressures facing consumers as global conflicts constrain energy supplies.The announcement indicated that the DOE will loan up to 315,000 barrels of fuel oil from the Northeast Home Heating Oil Reserve to mitigate supply disruptions. The reserve holds a supply of one million barrels of ultra-low sulfur distillate, which serves as heating oi
  
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