Business news

• Four-state meat recall after life-threatening allergen found in products

  02-03-2024 23:06 via foxbusiness.com
  
  Nearly 670 pounds of raw meat products are being recalled due to concerns they may contain a potentially life-threatening allergen.M&P Production LTD, a Brooklyn, New York based company, this week ordered back two raw lamb and beef samsa products due to the misbranding of an undeclared allergen, the U.S. Department of Agriculture (USDA) said in an alert.The two products being recalled contain sesame seeds, a known allergen, but the ingredient was not declared on the product labels, the USDA
  
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• BlackRock admits ESG advocacy could prove bad for business

  02-03-2024 21:59 via foxbusiness.com
  
  Investment management company BlackRock admitted in its annual filing to the Securities and Exchanges Commission that its CEO Larry Fink’s environmental, social, and governance policies (ESG) advocacy could harm its "reputation" and hurt its bottom line. "BlackRock’s business, scale and investments subject it to significant media coverage and increasing attention from a broad range of stakeholders," the filing submitted late last month said. "This heightened scrutiny has re
  
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• Could more price hikes be coming to Netflix this year? Analysts think so

  02-03-2024 19:47 via foxbusiness.com
  
  Netflix binge-watching could soon get even pricier.It could happen if the streaming giant decides to hike how much it charges for its memberships again and, according to UBS telecom and cable analyst John Hodulik, that may very well be in the cards this year.UBS "expect[s] to see rate increases this year" that will drive average revenue per membership up by 5% with help from "scaling ad revenues," he said in a recent research note. FOX Business reached out to the company for comment.Netflix curr
  
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• Michigan man wins $110,000 jackpot twice in 6 months: 'winning is such a blessing'

  02-03-2024 19:20 via foxbusiness.com
  
  A Michigan man has had quite a lucky streak at playing the lottery: he won the Fantasy Five Double Play's top prize of $110,000 – twice. In six months. The man, a 59-year-old from Wayne County, opted to remain anonymous, said the Michigan Lottery's website in a February 29 release. He won his first jackpot in August, and his second on February 11. OREGON MAN DISCOVERS $8.4 MILLION LOTTERY JACKPOT WIN A MONTH LATEWhile the lottery is a game of chance with no real strategy, th
  
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• Death of Angela Chao, sister-in-law of Mitch McConnell, under 'criminal investigation': reports

  02-03-2024 19:16 via foxbusiness.com
  
  The death of Angela Chao, CEO of New York-based dry bulk shipping company Foremost Group, sister of former U.S. Transportation Secretary Elaine Chao, and sister-in-law to Senate Minority Leader Mitch McConnell, following a car crash in Texas is being investigated as a crime, reports say.Chao, 50, "was found dead in her sinking vehicle in a pond on a ranch in Johnson City, near Austin, on Feb. 11," according to the New York Post. The ranch is owned by a corporation connected to Chao's husband, Ji
  
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• Top job challenge in 2024: How do you transition smoothly onto a new team?

  02-03-2024 17:58 via foxbusiness.com
  
  If you're starting a new job, it’s very normal to be nervous, no matter your age, experience or job level.Whether it’s an entry level position or a managerial role, day one at a new workplace can be a mixture of new opportunities and a learning curve. "Starting a new job can feel like the first day of school," Don Alix, district manager at Insperity and based in Phoenix, Arizona, told FOX Business. YOUR JOB OFFER HAS BEEN RESCINDED. NOW WHAT DO YOU DO? "You may have so
  
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• Macy's shutters stores, Apple's pivot, Google's Gemini fail and Tesla's new model

  02-03-2024 17:19 via foxbusiness.com
  
  — S&P 500, Nasdaq hit records; Bitcoin nearing previous all-time high — Macy's closing over 100 stores across the U.S. — Google takes hit after Gemini blowback — Elon Musk turns on OpenAI but teases new, delayed Tesla — Apple dumps electric car plans, surprising many — Inflation remains hot ahead of Fed Chair Powell's testimony next week — Regional banks rocked after NYCB disclosure GET FOX BUSINESS ON THE GO B
  
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• Thomson Reuters launches new AI tools for legal professionals

  02-03-2024 17:00 via foxbusiness.com
  
  Thomson Reuters (TR) recently released new artificial intelligence (AI) solutions for legal professionals to draft contracts or briefs and research complex legal topics more efficiently.David Wong, chief product officer at Thomson Reuters, told FOX Business in an interview that the two main areas where the company's tools help customers are finding information in specific professional databases and generating content that's tailored to the task at hand."As we've seen, generative AI is really goo
  
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• Chocolate bars recalled over milk allergy concerns

  02-03-2024 16:18 via foxbusiness.com
  
  A Pennsylvania-based company recalled a chocolate bar over allergic reaction concerns, the Food and Drug Administration announced Wednesday. Electric City Sweets from Scranton, Pennsylvania, recalled 1,644 Red Velvet Milk Chocolate Bars "due to undeclared milk in the ingredient statement and allergen statement," according to the FDA press release. Individuals with milk allergies or sensitivities run the risk of experiencing an allergic reaction, which could lead to potentially life-thr
  
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• Elon Musk defends reinstating rule against misgendering, says it’s only for ‘repeated, targeted harassment'

  02-03-2024 14:00 via foxbusiness.com
  
  After Elon Musk acquired the Twitter platform in response to a satire outlet being banned for misgendering, he has since defended reinstating a version of rules against such conduct. Musk famously purchased the Twitter platform after it had suspended the Babylon Bee, a Christian satire outlet for tweeting a headline naming the U.S. Assistant Secretary for Health Dr. Rachel Levine, who identifies as transgender, as 2022's "Man of the Year."But after having rebranded the platform as X, Musk a
  
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• Florida woman sues Universal Orlando, alleges 'traumatic brain injury' after riding coaster: lawsuit

  02-03-2024 13:34 via foxbusiness.com
  
  A Florida woman is suing Universal Orlando Resort, claiming that riding one of the theme park's roller coasters caused her a "traumatic brain injury," according to a complaint filed in Orange County on Wednesday. Geriann and Richard Clem, a married couple from Broward County, are seeking "personal injuries and damages" in excess of $50,000, the suit states. On Feb. 11, 2023, Geriann said she rode Hollywood Rip Ride Rockit roller coaster. The ride is said to reach speeds of 65 mph after
  
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• 'Sopranos' star Drea de Matteo's OnlyFans platform saved her home after she was unable to pay mortgage

  02-03-2024 10:30 via foxbusiness.com
  
  "The Sopranos" star Drea de Matteo credits her OnlyFans platform for her ability to financially save her home.In an interview with FOX Business, de Matteo explained that the most surprising thing to her about the internet content subscription service is how quickly she was able to make money."I was surprised that I was able to save my home as quickly as I did," the actress explained. "So, my advice to all the young ladies out there, not the young ones — I want the young ones to do other th
  
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• Legendary 'Stilts' home that John Lennon, Stevie Nicks visited listed for $2 million

  02-03-2024 10:30 via foxbusiness.com
  
  The famous House on Stilts, which housed many A-list celebrities, is officially on the market.Some of Hollywood's biggest names lived in this home nestled in the Hollywood Hills, only 10 minutes away from the Sunset Strip. The unique house, set on stilts, has been put on the market for nearly $2 million, the first time the house has been for sale since 2016, when Fredrik Peterhoff bought it for $950,000, according to records."There is so much history," Peterhoff, vice president creative at Estee
  
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• Mega Millions jackpot rises to $650M after no ticket matches winning numbers

  02-03-2024 10:14 via foxbusiness.com
  
  The Mega Millions jackpot grew to an estimated $650 million after nobody matched the winning tickets in the drawing Friday night.The winning numbers drawn for Friday night's $607 million drawing were 61, 33, 15, 37 and 55 with a Mega ball of 24. The Megaplier was 4X.The next Mega Millions drawing will happen on Tuesday when players will hope to win the estimated $650 million jackpot, which has a cash option of $308.6 million. Winners typically select the cash prize over the Mega Millions annuity
  
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• Army employee Janet Mello pleads guilty to stealing more than $100M from Army to purchase luxury items

  02-03-2024 09:19 via foxbusiness.com
  
  A U.S. Army employee pleaded guilty to defrauding the government following allegations she stole $108 million in Army funds to spend on personal items, including jewelry, clothing, cars and homes.Janet Yamanaka Mello, 57, was accused of defrauding the government out of $108 million while working as a civilian financial program manager at Fort Sam Houston in San Antonio, Texas. She pleaded guilty to all five counts of mail fraud and five counts of filing a false tax return after she was indicted
  
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• Lawsuit from survivors of Hamas' Oct. 7 attack sue crypto firm Binance for allegedly funding terror group

  02-03-2024 05:05 via foxbusiness.com
  
  Survivors of the Oct. 7 attack by Hamas on Israeli communities, as well as the loved ones of those still being held hostage in the Gaza Strip, are alleging the world's largest cryptocurrency exchange has allowed the terror group to raise funds using its platform. A lawsuit against Binance, filed by the National Jewish Advocacy Center in the U.S. Middle District Court of Alabama, states the crypto exchange has allowed Hamas to raise funds without any consequences, the New York Post reported.
  
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• Inflation’s down. So where are the interest rate cuts?

  02-03-2024 04:11 via cbc.ca
  
  After two years of aggressive interest rate hikes, inflation is seemingly back under control, causing many Canadians are starting to ask: Where’s the relief? CBC’s Peter Armstrong looks at whether the Bank of Canada has accomplished its goals and what we know about when rates could start to come back down.
  
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• Walgreens, CVS slammed by pro-life groups over ‘dangerous’ decision to sell abortion pill

  02-03-2024 03:46 via foxbusiness.com
  
  Pro-life groups are slamming Walgreens and CVS stores' decision to begin selling the abortion pill mifepristone in states where it’s legal starting this month, calling it "shameful.""As two of the world’s largest, most trusted ‘health’ brands, the decision by CVS and Walgreens to sell dangerous abortion drugs is shameful, and the harm to unborn babies and their mothers incalculable," Katie Daniel, state policy director for Susan B. Anthony (SBA) Pro-Life America. "Th
  
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• Elon Musk's X, Samsung partner to send users photos taken from space

  02-03-2024 01:10 via foxbusiness.com
  
  Samsung decided to test out the camera on its new Galaxy S24 smartphone by sending it into space to take pictures of the Earth — and X users have exclusive access to the snaps for a limited time.The electronics giant and social media platform partnered up for the promotion that allows X users access through the end of March to request one of the 150 images the Galaxy S24 Ultra collected from U.S. locations using its zoom capabilities, including Las Vegas, the Grand Canyon, Sierra Nevada an
  
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• LARRY KUDLOW: Joe Biden is a hopeless open border man

  02-03-2024 00:16 via foxbusiness.com
  
  With all the hoopla reporting of the presidential visits to the Texas border, I haven't seen any specific references to two very important laws passed by Congress and signed by other presidents that will go a long way toward solving Joe Biden's catastrophic open border policy, and the roughly 10 million illegals who have entered our country. First, is section 212(f) of the Immigration and Nationality Act, which gives the president authority to "suspend the entry of all aliens or any class o
  
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• Google's 'echo chamber' workplace clouding its impartiality: former employee

  02-03-2024 00:04 via foxbusiness.com
  
  A former Google software engineer sounded off against the tech giant and its company culture following the launch of its new Gemini AI that has garnered harsh criticism over its large language model.Speaking exclusively to FOX Business, Mike Wacker, who worked at Google from 2014 to 2019, says the flaws at Google run much deeper than the algorithm, which led its Gemini AI chatbot to generate historically "woke" and inaccurate images."The AI is more humanlike. But, on the flip side, it is more su
  
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