Business news

• Walmart shoppers could get cash payment under $45M lawsuit settlement

  05-04-2024 23:21 via foxbusiness.com
  
  Some grocery shoppers could be entitled to cash payments from Walmart as part of its recent $45 million settlement. In some cases, customers could get as much as $500 back. A lawsuit filed in October 2022 alleged that customers were charged more for certain sold-by-weight products and bagged fruit than the "lowest advertised per pound/ounce price," according to a copy of the suit obtained by FOX Business.This includes certain sold-by-weight meat, poultry, pork and seafood products and
  
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• Larry Summers predicts AI threatens robust US job growth

  05-04-2024 23:06 via foxbusiness.com
  
  The U.S. labor market continues to hum along after remaining historically tight for the past year, but recent comments by famed economist Larry Summers suggest the robust job numbers could eventually become a thing of the past due to artificial intelligence.March's jobs report released Friday exceeded expectations, with employers adding 303,000 jobs last month while the unemployment rate inched lower to 3.8%. The demand for labor has shown no signs of slowing after months of solid job gains even
  
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• US national debt tracker for April 5, 2024: See what American taxpayers (you) owe in real time

  05-04-2024 22:24 via foxbusiness.com
  
  The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.The national debt — which measures what the U.S. owes its creditors — increased to $34,598,968,534,947.36 as of Thursday afternoon, according to the latest numbers published by the Treasury Department. That is down about $5.3 billion from the $34,604,337,792,885.31 figure reported the previous day.By comparison, just four decades ago
  
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• May startup of Trans Mountain pipeline expansion surprises analysts

  05-04-2024 21:32 via cbc.ca
  
  Trans Mountain's announcement that its expanded oil pipeline would start commercial operations on May 1 has surprised analysts with an earlier-than-expected commencement on the long-delayed $34 billion project.
  
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• Strong New Jersey earthquake felt in NYC rattles 'Varney & Co.' studio while on air

  05-04-2024 18:19 via foxbusiness.com
  
  During a panel discussion Friday on the "Varney & Co." set, co-hosts looked at one another with shocked expressions as the floors and cameras rattled the New York City studio."While Lauren and I were on the air with a four-star retired general, if you look carefully, you can see the desk shaking just a little, and the camera was definitely shaking," host Stuart Varney said shortly after impact. "I thought a bomb had gone off."A moderate earthquake struck New Jersey Friday morning, with repor
  
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• Biden to defy Supreme Court in second attempt at sweeping student loan handout

  05-04-2024 18:10 via foxbusiness.com
  
  The Biden administration is reportedly preparing to take a second crack at broad student loan forgiveness for millions of Americans after the Supreme Court struck down its first attempt.Citing people familiar, The Wall Street Journal reported Friday that the administration will roll out proposed regulations offering sweeping bailouts as early as next week, and "the president’s advisers hope to use the rules to begin canceling waves of student debt in the run-up to the November election."Th
  
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• US economy adds 303K jobs in March, much stronger than expected

  05-04-2024 17:51 via foxbusiness.com
  
  U.S. job growth unexpectedly jumped in March, underscoring the resilience of the labor market even in the face of high interest rates and stubborn inflation.Employers added 303,000 jobs in March, the Labor Department said in its monthly payroll report released Friday, easily topping the 200,000 gain forecast by LSEG economists. The unemployment rate inched lower to 3.8%, from 3.9% in February.But wage growth was more subdued last month, with average hourly earnings, a key measure of inflation, r
  
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• Gas prices creep up amid rising oil prices due to mounting tensions between Russia and Ukraine

  05-04-2024 17:38 via foxbusiness.com
  
  The national average gas price across the U.S. rose by just three cents last week and now sits at $3.56 per gallon, according to AAA’s weekly report.With spring now here, gas demand is crawling up. Data from the Energy Information Administration showed that demand rose from 8.72 million barrels per day to 9.23 million barrels per day. With oil prices in the mid-$80s per barrel, gas prices are slowly creeping up.The continued war between Russia and Ukraine and tensions in the Middle East al
  
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• Earthquake outside NYC triggers ground stop at major airports

  05-04-2024 17:34 via foxbusiness.com
  
  The Federal Aviation Administration temporarily grounded all flights on Friday at Newark and John F. Kennedy International Airports in the tri-state area following a 4.8 magnitude earthquake that struck New Jersey.There were no immediate reports of damage following the tremor, which was felt across the Northeast."Air traffic operations have resumed at the airports affected by today's earthquake," the FAA wrote on X.But it added midday Friday that there are now delays averaging 77 minutes heading
  
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• Lengthier job hunts for recent graduates could be major factor in unemployment rate

  05-04-2024 16:52 via cbc.ca
  
  With the latest numbers showing that unemployment is up among youth, a sizeable share of the increase in Canada's overall unemployment rate since April last year is due to new job seekers — young people and recent graduates like Nareshan — who are spending increasingly more time looking for work, according to an analysis by RBC Economics.
  
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• It's even harder for young people to find jobs, and the unemployment rate proves it

  05-04-2024 16:52 via cbc.ca
  
  With the latest numbers showing that unemployment is up among youth, a sizeable share of the increase in Canada's overall unemployment rate since April last year is due to new job seekers — young people and recent graduates like Nareshan — who are spending increasingly more time looking for work, according to an analysis by RBC Economics.
  
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• Burger King, In-N-Out and other chain locations in California raise prices after minimum wage increase: report

  05-04-2024 16:08 via foxbusiness.com
  
  Prices for burgers, fries and other fast food items have increased at various restaurant chains across California, according to a recent report. A New York Post investigation revealed that some fast food chains in the Los Angeles area raised prices on April 1, after new California statewide legislation went into effect Monday enforcing a $20 minimum wage for restaurants that have at least 60 locations nationwide, except those that make and sell their own bread.Gov. Gavin Newsom signed the l
  
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• Historic Washington DC home that’s welcomed Presidents Biden, Obama, Clinton is for sale at $10M

  05-04-2024 16:05 via foxbusiness.com
  
  A home in Georgetown, Washington, D.C., has gone on the market for a whopping $9.99 million.The historical lot in the uber-popular Georgetown neighborhood is one of the oldest residential spots in the area, according to Sotheby’s, the real estate firm that is handling the property.Sotheby’s listed the eight bedroom, seven-and-a-half bathroom home as first being built as a structure in 1703 when it served as an "overlooker" — thanks to the grant of the Rock of Dumbarton, which d
  
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• Solar eclipse mania: Warby Parker, Burger King, Krispy Kreme offer exclusive products, deals

  05-04-2024 16:00 via foxbusiness.com
  
  From burgers and doughnuts to eyeglasses, a slew of companies are trying to capitalize on the solar eclipse by launching exclusive products. The massive event on Monday is drawing a significant amount of interest with millions of Americans planning to travel in the coming days to find the best spot along the path of totality. The heightened interest in viewing the Great North American Solar Eclipse is partly due to the fact that this will be the last total solar eclipse visible from th
  
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• Today's 30-year mortgage rates hold steady while 15-year terms fall | April 5, 2024

  05-04-2024 15:20 via foxbusiness.com
  
  The interest rate on a 30-year fixed-rate mortgage is 7.125% as of April 5, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.000%, which is 0.125 percentage points lower than yesterday.With mortgage rates changing daily, it’s a good idea to check today’s rate before applying for a loan. It’s also important to compare different lenders’ current interest rates, terms, and fees to ensure you get the best deal. Rate
  
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• Biden’s ex-chief of staff admits US prices are too high: Experts break down who’s ‘struggling’ most

  05-04-2024 15:20 via foxbusiness.com
  
  Two market and economic experts are siding with recent commentary from a former White House chief of staff that inflationary pressures are becoming too much for Americans to bear."Another group that's really been hurting under this administration is what has typically been a core Democratic constituency, which is young people, but they, of course, are the ones that have a disproportionate portion of their income go to things like food and energy," former assistant Treasury secretary for economic
  
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• Apple laying off 614 California workers after scrapping electric car project

  05-04-2024 15:01 via foxbusiness.com
  
  Apple is laying off 614 workers in California following reports that emerged earlier this year that the tech giant is abandoning its effort to build an electric car. A state filing from Apple shows that the job cuts will impact eight offices in Santa Clara County and will go into effect on May 27.  The filing did not name the project, but roles affected by the layoffs include "machine shop" managers, product design engineers and hardware engineers, according to the San Franci
  
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• Canada's job numbers almost unchanged in March, while unemployment rose to 6.1%

  05-04-2024 14:40 via cbc.ca
  
  The Canadian economy lost 2,200 jobs in March, while the unemployment rate rose 0.3 percentage points to 6.1 per cent, Statistics Canada said Friday.
  
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• Canada's job numbers almost unchanged in March

  05-04-2024 14:40 via cbc.ca
  
  Canadian employment was little changed in March, with 2,200 jobs lost and the employment rate declining by 0.1 percentage points to 61.4 per cent, Statistics Canada said Friday.
  
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• Quebec multinational GardaWorld hit by $30M heist at southern California storage facility

  05-04-2024 14:23 via cbc.ca
  
  Thieves got away with $30 million US in cash from a money storage facility in Los Angeles by breaking into the building on Easter Sunday and cracking the safe. Now, detectives are seeking to unravel the brazen cash heist, reportedly one of the largest on record in Los Angeles.
  
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• Google Gemini may soon get major changes, including a subscription model and Gmail suggestions on Android

  05-04-2024 14:22 via foxbusiness.com
  
  Google’s Gemini artificial intelligence (AI) chatbot may soon see significant changes, including reply features with Gmail on Android and a new subscription model.According to the Financial Times, Google is allegedly pondering the idea of a slew of new AI features for use in Google Search that may be added to the company’s current premium subscription services.Sources familiar with the matter told the outlet the concept is in active development and the company’s regular search
  
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• March Madness Final Four tickets setting records in sales, prices

  05-04-2024 14:17 via foxbusiness.com
  
  Whoever said March Madness was losing its luster lied to you.Both the men's and women's Final Fours are the most expensive ever recorded on the secondary market.This year's women's Final Four is the highest-selling ever on StubHub, despite it being the most expensive ever. According to TicketIQ, the average price for a semifinal ticket is $1,994. The men's Final Four is currently on pace to be the highest-selling in men's history, as well.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMOf cour
  
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• Apple and Nvidia may see supply chain disruptions from Taiwan earthquake

  05-04-2024 14:00 via foxbusiness.com
  
  The biggest earthquake to hit Taiwan in at least 25 years will likely cause a temporary disruption of the supply chain for semiconductors and related tech products as manufacturers restore normal operations in the wake of the quake.The 7.2-magnitude earthquake followed by aftershocks struck Taiwan's eastern coast on Wednesday morning, killing 10 people and injuring more than 1,000. The country plays a critical role in the global supply chain for semiconductors and is home to Taiwan Semiconductor
  
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• The most common tax season scams - and how to protect yourself

  05-04-2024 13:15 via foxbusiness.com
  
  Tax refunds can serve as a financial lifesaver for millions of Americans, but scammers are increasingly preying on unsuspecting taxpayers in an attempt to steal any money owed by Uncle Sam.With fewer than two weeks remaining until the filing deadline, the IRS is urging taxpayers to be cautious about common scams that are designed to trick people into giving up either sensitive information or money."Scammers are relentless in their attempts to obtain sensitive financial and personal information,
  
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• Solar eclipse: the prime watching spots are along the 'path of totality'

  05-04-2024 13:00 via foxbusiness.com
  
  There is a solar eclipse happening on Monday, and many people have hopes of witnessing the rare phenomenon for themselves. The total solar eclipse, when the moon entirely hides the sun, will only be viewable from places that fall within the path of totality, NASA has said, making those prime candidates for eclipse-watching spots. During the brief period of total sun coverage, it will get significantly darker."As long as a location is along the path of totality, then it basically all comes d
  
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• Dave Ramsey talks young critics pushing back on his financial advice, saving for retirement

  05-04-2024 12:00 via foxbusiness.com
  
  Personal finance expert Dave Ramsey shot back at millennial and Gen Z "whiners on TikTok" who call his financial advice "a bunch of crap" on Wednesday. "There's a segment of them [younger generations] that just sucks. They're just awful. I mean, their participation trophy, they live in their mother's basement, and they can't figure out why they can't buy a house because they don't work, you know, stuff like that," he expressed.The Ramsey Solutions CEO and founder addressed the younger criti
  
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• Welding pioneer describes the trade industry as 'an absolute no brainer' in today's economy

  05-04-2024 11:00 via foxbusiness.com
  
  Welding is a profitable career that can provide America's youth with a steady income free of debt in a trade that is in high demand in the market, a leader in the industry told Fox News Digital. Tyler Sasse, the owner and founder of Western Welding Academy (WWA) in Gillette, Wyoming, told Fox News Digital that social media has allowed the welding school to grow and spread the word about the "incredible" opportunity that welding provides. "We started with ten welding booths and about te
  
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• McDonald’s to buy Israel stores as turmoil rages in Middle East, boycotts loom

  05-04-2024 08:25 via foxbusiness.com
  
  McDonald’s Corporation announced Thursday an agreement to buy its Israel franchise that has 225 restaurants and more than 5,000 employees. This comes as the war between Israel and Hamas continues and other unrest in the Middle East upticks.Alonyal Limited, which owns and operates McDonald’s restaurants in Israel, signed an agreement with McDonald’s Corporation for the sale."For more than 30 years, Alonyal Limited has been proud to bring the Golden Arches to Israel and serve our
  
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• Boeing pays Alaska Airlines $160 million in cash in 'initial payment' following mid-air blowout

  05-04-2024 04:59 via foxbusiness.com
  
  Boeing has paid Alaska Airlines approximately $160 million in compensation following the Alaska Airlines Boeing Max 9 midair blowout in January.According to a SEC filing, the money was "initial compensation" from Boeing "to address the financial damages incurred as a result of Flight 1282 and the 737-9 MAX groundings."The airline said that they lost "approximately $160 million" in their first quarter."As a result of the Flight 1282 accident and the Boeing 737-9 MAX grounding, we lost approximate
  
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• Rebel Wilson claims agency 'liked me fat' after salary jumped from $3,500 to $10M

  05-04-2024 02:42 via foxbusiness.com
  
  Rebel Wilson reportedly secured a $10 million paycheck for her role as Fat Amy in "Pitch Perfect 3" as long as she didn't gain or lose more than 10 pounds. According to her memoir, "Rebel Rising," which was obtained by People, the salary was a huge increase from her paycheck for the 2011 film, "Bridesmaids," which was $3,500.The small amount of money Wilson earned for "Bridesmaids" didn't bother her, she wrote, because she was just happy to be in a film, and the small salary was enough for
  
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• Hamas is 'happy,' celebrating Biden's apparent shift in war, Israeli official warns: 'Stand against evil'

  05-04-2024 02:34 via foxbusiness.com
  
  Israeli Economy and Industry Minister Nir Barkat accused President Biden on Thursday of emboldening Hamas after he warned Israeli Prime Minister Benjamin Netanyahu that the U.S. policy in Gaza could change if the Israeli military doesn’t do more to protect civilians in the region.In an appearance on "Kudlow," Barkat urged Biden to re-establish his commitment to Israel, emphasizing the importance of the United States' unwavering support as they fight to eradicate the "Nazis" behind the Oct.
  
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• Sean 'Diddy' Combs sees massive fall in radio airplay amid trafficking probe, sexual assault allegations

  05-04-2024 01:10 via foxbusiness.com
  
  Sean "Diddy" Combs' career seems to be suffering as he faces numerous accusations.Combs, whose career as a rapper and producer spans decades, came under fire in November when ex-girlfriend Cassie filed a lawsuit against him, alleging he raped her. Last month, two of his homes were raided by Homeland Security agents as part of a human trafficking investigation. Amid the scandals, his popularity has waned, resulting in a huge decline in radio play.According to Billboard, from Nov 3-16, his mu
  
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• US national debt tracker for April 4, 2024: See what American taxpayers (you) owe in real time

  05-04-2024 00:55 via foxbusiness.com
  
  The U.S. national debt is climbing at an astronomical pace and has shown no signs of slowing down despite the heightened scrutiny on government spending.The national debt — which measures what the U.S. owes its creditors — increased to $34,604,337,792,885.31 as of Wednesday afternoon, according to the latest numbers published by the Treasury Department. That is down about $17.9 billion from the $34,622,291,870,051.13 figure reported the previous day.By comparison, just four decades a
  
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• LARRY KUDLOW: Biden is essentially ordering Israel to negotiate with Hamas

  05-04-2024 00:23 via foxbusiness.com
  
  President Joe Biden called Israeli Prime Minister Benjamin Netanyahu today. And, frankly, from the readout we received, you'd never know that Israel is America's greatest ally, or exactly which side of the Hamas war Biden is on. An incredibly bad call. Mr. Biden emphasized over and over the humanitarian situation, and lectured Netanyahu about the need for specific concrete and measurable steps to address civilian harm, humanitarian suffering, and the safety of aid workers. At this poin
  
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