Business news

• Kroger serving up 45,000 pints of free ice cream for summer solstice

  10-06-2024 23:26 via foxbusiness.com
  
  Kroger recently announced it is giving away 50 pints of its store-brand ice cream per minute to celebrate the summer solstice on Thursday, June 20, 2024.Summer solstice marks the official start of the season. It's the day with the longest period of sunlight in the Northern Hemisphere — about 15 hours in all.THESE ARE THE MOST AFFORDABLE US CITIES FOR DINING OUT AND THE ONE MOST EXPENSIVEThat adds up to 900 minutes of sunlight — which equates to 45,000 pints of free ice cream at
  
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• Mark Wahlberg opens new restaurant with bishop’s blessing, promises customers will ‘feel like they’re at home’

  10-06-2024 22:57 via foxbusiness.com
  
  Mark Wahlberg is expanding his restaurant empire, while also inviting people to "feel like they’re at home.""I want to have them to have the most amazing experience they’ve ever had in a restaurant. I want them to feel like they’re at home, that they are doted on and spoiled," Wahlberg told Fox News Digital of his new restaurant, Flecha. He continued, "I’ve sent a lot of people in unannounced to really kind of see what the experience is like. I have an amazing staff,
  
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• Apple is bringing ChatGPT to the iPhone in partnership with OpenAI

  10-06-2024 21:58 via cbc.ca
  
  Apple unveiled a long-awaited AI strategy on Monday, integrating "Apple Intelligence" across its suite of apps, including Siri, and announced a partnership with OpenAI to bring ChatGPT to its devices.
  
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• Starbucks founder says Steve Jobs told him to fire executive team: 'He was right'

  10-06-2024 21:52 via foxbusiness.com
  
  Former Starbucks CEO Howard Schultz recalled the moment Apple founder Steve Jobs screamed in his face to fire his whole executive team. Within six to nine months of that chat, most of them were gone, Schultz said during an episode on the podcast "Acquired."In 2008, Schultz – who wrapped up his third stint as CEO last year – recalled walking around Apple's campus with Jobs, venting to him about all his problems. "He [Jobs] stopped me and said, ‘This is what you need to
  
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• Apple unveils 'Apple Intelligence' at the WWDC

  10-06-2024 20:26 via foxbusiness.com
  
  Apple announced Monday it will incorporate "Apple Intelligence" into its new iPhone, iPad and Mac operating systems."Apple Intelligence is the personal intelligence system that puts powerful generative models right at the core of your iPhone, iPad and Mac," Apple executive Craig Federighi said at Apple's annual Worldwide Developers Conference (WWDC). "It draws on your personal context to give you intelligence that’s most helpful and relevant to you."CLICK HERE TO READ MORE ON FOX BUSINESSP
  
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• More than a quarter of Americans admit to skipping meals due to skyrocketing grocery costs: Report

  10-06-2024 20:00 via foxbusiness.com
  
  More than a quarter of Americans have resorted to skipping meals to avoid paying inflated grocery store prices, according to a new survey.According to a study by Qualtrics on behalf of Intuit Credit Karma, 80% of Americans say they have felt a "notable increase" in grocery costs in recent years. More than a quarter of respondents said the increased cost has led them to occasionally skip meals, while about one-third said they spend more than 60% of their monthly income on mandatory expenses such
  
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• Southwest shares jump after activist Elliott buys $2B stake

  10-06-2024 19:26 via foxbusiness.com
  
  Southwest Airlines shares jumped on Monday after activist investor Elliott Investment Management took a $2 billion stake in the carrier.Elliott, in a letter sent to Southwest's board on Monday, called on the airline to make leadership changes and take other actions, arguing the carrier needed to improve its financial performance.CLICK HERE TO READ MORE ON FOX BUSINESSIn the letter, Elliott executives said Southwest should remake its board with "new, truly independent directors" and hire new lead
  
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• Canada, U.K. launch joint privacy probe into 23andMe data breach

  10-06-2024 18:31 via cbc.ca
  
  Canada's privacy commissioner is teaming up with his U.K. counterpart to investigate a data breach discovered last year at 23andMe.
  
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• This week's personal loan rates rise for 3-year loans, while 5-year terms edge down

  10-06-2024 18:28 via foxbusiness.com
  
  Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3-year loans and lower for 5-year loans when compared to fixed-rate loans for the seven days before.For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between June 3 and June 9:Personal loans have become a popular way to consolidate debt and pay off credit card debt and other loans. They can also be used to cover unexpected a
  
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• WestJet ending flights from Hamilton to Atlantic Canada, reducing service to Florida

  10-06-2024 18:25 via cbc.ca
  
  WestJet is discontinuing several flights out of the Hamilton International Airport.
  
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• Stellantis recalls over 200K SUVs, trucks due to stability control issues

  10-06-2024 17:44 via foxbusiness.com
  
  Stellantis is recalling over 200,000 SUVs and trucks due to a software malfunction that could impact the electronic stability control system. As a result of the malfunction, the anti-lock brake system (ABS) control module in certain 2022 Dodge Durango and Ram 2500 and 3500 vehicles "may disable the electronic stability control system," and increase the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA). The vehicles fail to comply with federal safe
  
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• Gas prices to keep dropping as motorists plan Fourth of July road trips: AAA

  10-06-2024 17:19 via foxbusiness.com
  
  Gas prices experienced the largest drop of the year this week and are likely to continue dipping into the summer, according to the latest AAA report.The national average cost for a gallon of gas was $3.48, a significant eight cents dip from the previous week. The lower gas prices will likely linger as motorists head into summer and plan Fourth of July road trips."This drop in pump prices appears to have some sticking power for now," AAA Spokesperson Andrew Gross said. "More states should see the
  
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• Americans' inflation expectations creep higher again, key NY Fed survey shows

  10-06-2024 17:00 via foxbusiness.com
  
  Americans are bracing for high inflation to stick around over the next few years, according to a key Federal Reserve Bank of New York survey published Monday.The median expectation is that the inflation rate will be up 3.2% one year from now, according to the New York Federal Reserve's Survey of Consumer Expectations, down slightly from the 3.3% reading recorded in April.But consumers anticipate that inflation will remain high in the coming years. The three-year-ahead expectation held steady at
  
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• Austrian Airlines plane severely damaged after flying through hailstorm

  10-06-2024 16:39 via foxbusiness.com
  
  Dramatic images have emerged showing the front of an Austrian Airlines plane severely damaged after it flew through a hailstorm, forcing its pilots to make a "mayday distress call." A spokesperson for the airline told FOX Business that the Airbus A320 aircraft was flying from Palma de Mallorca in Spain’s Balearic Islands to Austria on Sunday when it "encountered a thunderstorm cell during approach to Vienna, which according to the cockpit crew, was not visible on the weather radar."&n
  
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• Today's mortgage rates rise for 15- and 30-year terms | June 10, 2024

  10-06-2024 15:35 via foxbusiness.com
  
  The interest rate on a 30-year fixed-rate mortgage is 6.875% as of June 10, which is 0.250 percentage points higher than on Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is 0.135 percentage points higher than on Friday. 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 g
  
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• Arugula sold at major supermarket chain recalled over possible salmonella contamination

  10-06-2024 15:31 via foxbusiness.com
  
  Baby arugula sold at select Publix stores is being recalled after salmonella was detected during routine testing. Florida-based Green Life Farms issued the voluntary recall of one lot of its 4-ounce containers "because they have the potential to be contaminated" with the bacteria, according to the notice posted by the Food and Drug Administration (FDA). The recalled products have been sold at select Publix locations since May 31. They are still within the June 15 sell by date as well.&
  
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• Economist warns Biden's energy policies are empowering our enemies: 'Makes no sense'

  10-06-2024 13:00 via foxbusiness.com
  
  Consumers and national security are the top casualties of President Biden's 'war against American oil and gas,' according to Committee to Unleash Prosperity co-founder Stephen Moore."You may recall that Joe Biden's first act as president when he came into the Oval Office, remember, that it was killing the Keystone XL pipeline, and ever since then, it has been a war against American oil and gas," Moore said on "Fox & Friends Weekend," Sunday.Moore explained the impact of the president's energ
  
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• Raising a child is getting more expensive - but the problem is worse in these 5 states

  10-06-2024 12:00 via foxbusiness.com
  
  High inflation has made the price of just about everything in the U.S. more expensive — including how much it costs to raise a child. "The cost of everything is rising," said Matt Schulz, LendingTree chief credit analyst. "There’s so much that goes into child care, including rent, payroll, insurance and much more. When all those costs shoot up, the overall cost of child care does, too."The cost of child care surged nearly 20% between 2016 and 2021, the latest year for which comp
  
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• Economist Harry Dent predicts stock market crash worse than 2008 crisis: The ‘bubble of all bubbles’

  10-06-2024 12:00 via foxbusiness.com
  
  Harry Dent, the outspoken financial author and economist, isn’t reversing course from his bold "crash of a lifetime" declaration this past December.Speaking in an updated interview with Fox News Digital, Dent cautioned that the "everything" bubble has still yet to burst, and it may be a bigger crash than the Great Recession."In 1925 to ‘29, it was a natural bubble. There was no stimulus behind that, artificial stimulus per se. So this is new. This has never happened," Dent said on Tu
  
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• Apple's WWDC to be AI turning point for tech giant

  10-06-2024 12:00 via foxbusiness.com
  
  Apple is set to hold its annual Worldwide Developers Conference (WWDC) this week with analysts eagerly anticipating announcements related to the artificial intelligence (AI) initiatives that have to date been lower profile than the tech giant's rivals.The WWDC festivities begin Monday in Cupertino, California, with a keynote address revealing the latest Apple software and technologies at 10:00 a.m. Pacific set to be followed by a state of the union about new advancements on Apple platforms to be
  
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