Business news

• Bissell recalls 3.2M handheld steam cleaners across US over burn hazard

  19-07-2024 21:29 via foxbusiness.com
  
  Bissell is recalling 3.2 million Steam Shot Handheld Steam Cleaners in the U.S. in response to an issue that could lead to burns. The Consumer Product Safety Commission (CPSC) said the 39N7 and 2994 series of the affected product could "expel hot water or steam onto users while heating or during use."Owners of the affected steam cleaners should avoid cleaning with them, according to the recall published by the CPSC.NEARLY 7,000 POUNDS OF HOT DOGS RECALLED DUE TO LACK OF INSPECTIONRoughly 35
  
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• Trump says UAW president should be 'fired immediately'

  19-07-2024 21:20 via foxbusiness.com
  
  Former President Trump said Thursday during his Republican National Convention address that United Auto Workers (UAW) President Shawn Fain should be "fired immediately.""Right now as we speak, large factories, just started, are being built across the border in Mexico," Trump said during his speech at the RNC, where he was officially named the GOP's presidential nominee for 2024. "So, with all the other things happening on our border – and they're being built by China to make cars and to se
  
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• Stellantis tells owners of over 24,000 hybrid minivans to park outdoors due to battery fire risk

  19-07-2024 21:19 via cbc.ca
  
  Stellantis is telling the owners of more than 24,000 plug-in hybrid minivans to park them outdoors away from buildings, and to stop charging them due to the possibility of battery fires.
  
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• Global technology outage disrupts major airlines, 911 services and businesses

  19-07-2024 19:21 via foxbusiness.com
  
  A major cyber outage has grounded flights and disrupted businesses and media organizations throughout the world.The technology glitch caused chaos on Friday morning with Delta Air Lines, American Airlines and United Airlines issuing statements saying that their flight operations had been impacted. Emergency response systems were down at police agencies and healthcare providers in Phoenix, Arizona, forcing some police and ambulance providers to dispatch cars manually, per The Arizona Republic.Ban
  
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• Gas prices drop as demand for driving fizzles out: AAA

  19-07-2024 18:45 via foxbusiness.com
  
  Gas prices dropped in sync with demand as drivers have had less appetite to hit the road this summer because of high temperatures, according to AAA.  The national average cost for a gallon of gas fell four cents to $3.50 from the previous week, AAA said in a report. These lower prices will likely linger as long as motorist demand and oil prices remain weak.   "The arrival of summer used to signal the start of a robust driving season, but that has not been the case recent
  
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• Trump donor who gave $1M to family of firefighter killed at rally is Florida attorney

  19-07-2024 18:41 via foxbusiness.com
  
  The donor recognized by President Trump during his Republican National Convention (RNC) address Thursday night for contributing $1 million to the family of the man killed during a Trump rally has been identified as Florida attorney Dan Newlin.A spokesperson for Newlin confirmed to FOX Business that the injury attorney gave the seven-figure sum to the family of 50-year-old retired fire chief Corey Comperatore, who died after being shot while shielding his wife and daughter during the assassinatio
  
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• Priscilla Presley accuses ex business associates of 'meticulously planned' financial elder abuse: lawsuit

  19-07-2024 18:20 via foxbusiness.com
  
  Priscilla Presley accused four former business associates of "meticulously planned" financial abuse in a lawsuit filed Thursday.Presley, 79, named Brigitte Kruse, Kevin Fialko, Vahe Sislyan and Lynn Walker Wright in the paperwork filed and obtained by Fox News Digital. The actress claimed she was duped into signing contracts handing over 80% of her income and has lost over $1 million. Presley sued for financial elder abuse, fraud in the inducement, breach of fiduciary duty and legal malpractice.
  
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• Stuart Varney: Democrats face an 'unholy scramble' if Biden steps aside

  19-07-2024 17:59 via foxbusiness.com
  
  During his "My Take," Friday, "Varney & Co." host Stuart Varney discussed what happens next for the Democratic Party if President Biden drops out of the 2024 race, arguing chaos could ensue if Kamala Harris emerges as the next candidate.STUART VARNEY: If the president steps aside, what happens? Well, first, let's be clear, he would be out of the race, but he would still be the president. BIDEN'S ODDS OF STAYING IN 2024 RACE PLUMMET TO NEW LOWS IN BETTING MARKETSIt’s the ticke
  
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• Netflix eliminating cheapest ad-free plan for US customers

  19-07-2024 17:35 via foxbusiness.com
  
  Netflix said Thursday it is nixing the Basic plan for U.S. and French subscribers.The move will require customers with the Basic tier to make a membership change to continue watching content on the streaming platform. "The Basic plan has been discontinued," the Netflix Help Center pages for both U.S. and French plans and pricing said Thursday morning. "You can change your plan at anytime."Netflix charged $11.99 per month in the U.S. for the Basic plan and did not run ads.NETFLIX BEAT SUBSCR
  
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• Trump promises to end 'inflation nightmare' in RNC speech. Here's his plan

  19-07-2024 17:21 via foxbusiness.com
  
  Former President Donald Trump vowed to end the ongoing inflation crisis during his keynote speech at the Republican National Convention, promising that he would work to bring high prices down if he wins the November election."We’ve had the worst inflation we’ve ever had under this person," Trump said in the Thursday night speech, referring to President Biden. "Inflation has been a killer for our country. No matter what you’re making, it doesn’t matter because inflation is
  
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• Mortgage rates lower as talk of interest rate cuts intensify: Freddie Mac

  19-07-2024 17:15 via foxbusiness.com
  
  Mortgage rates tumbled further this week as strong economic data and a positive inflation report provided some reassurance that the Federal Reserve may finally pull the trigger on interest rate reductions.The average 30-year fixed-rate mortgage was 6.77% for the week ending July 18, according to Freddie Mac's latest Primary Mortgage Market Survey. That's a decrease from the previous week when it averaged 6.89%, almost aligning with the 6.78% it was a year ago. The average rate for a 15
  
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• Zuckerberg says Trump fist pump reaction to shooting was 'bada--'

  19-07-2024 17:14 via foxbusiness.com
  
  American bada--.Meta CEO Mark Zuckerberg has lauded former President Trump’s reaction to being shot at on Saturday, labeling the Republican nominee as a "bada--" after he got to his feet and clenched his fist immediately after the assassination attempt.Zuckerberg, 40, who has often faced the ire of the 45th President over how he operates Facebook and Instagram, said Trump’s resoluteness after coming so close to death helps explain his appeal to voters."Seeing Donald Trump get up afte
  
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• Billionaire Democrat real estate investor reveals unintended consequences of Biden’s rent cap proposal

  19-07-2024 17:00 via foxbusiness.com
  
  Billionaire real estate mogul and former Democratic gubernatorial candidate Jeff Greene sounded off on President Biden’s "completely ridiculous" plan for national rent control, warning that it stunts new buildings and fair prices."It makes no sense at all. I can see it on the primary [basis], if you're trying to really go after the far-left people who don't know anything about housing. But in a general election, when he's trying to appeal to independents and moderates, I have no idea why h
  
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• What is CrowdStrike, the company linked to the global tech outage?

  19-07-2024 16:46 via foxbusiness.com
  
  CrowdStrike Holdings Inc., the company linked to a global outage that affected airlines, emergency services and various businesses from banks to hospitals, is an American cybersecurity technology company based out of Austin, Texas.The company describes itself as a global cybersecurity leader that's "redefined security with the world’s most advanced cloud-native platform that protects and enables the people, processes and technologies that drive modern enterprise," according to its website.
  
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• Today's mortgage rates remain unchanged for 30-year terms while 15-year terms drop | July 19, 2024

  19-07-2024 15:25 via foxbusiness.com
  
  The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 19, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.115 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. 
  
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• Democratic donors move hard against Biden: 'Deep concern': reports

  19-07-2024 13:37 via foxbusiness.com
  
  Democratic donors seem to be forming a coordinated front against President Biden, seeking to push him out of office, according to multiple reports.While the Democratic Party has ostensibly planned to push through Biden as their candidate as soon as next week, a last minute coalition of leaders, donors, and lawmakers seem to have made a concerted effort to pressure Biden out of his commitment to run for re-election."I think it’s going to end very shortly," a megadonor close to Senate Majori
  
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• 'Rich Dad, Poor Dad' Robert Kiyosaki talks wealth building and co-author former President Trump

  19-07-2024 12:13 via foxbusiness.com
  
  Robert Kiyosaki is a businessman, investor, and best-selling author, whose book "Rich Dad Poor Dad" has sold over 32 million copies and launched a chain of seminars. The book emphasizes increasing one's financial literacy, investing in assets, and building wealth.He also authored a book with former President Donald Trump, in 2006, titled "Why We Want You to Be Rich: Two men, One message," which emphasizes the importance of fathers teaching children about successful money management strategies fr
  
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• USPS is likely not texting you. It's a scam

  19-07-2024 12:00 via foxbusiness.com
  
  If you get an unsolicited text notifying you about a package delivery issue that needs attention, it's likely not coming from the U.S. Postal Service. According to a recent phishing report from software company Guardio, the Postal Service was one of the most imitated brands in phishing scams during the second quarter. Last month, the USPS even issued a warning to customers that they need to be wary of mobile text messages with an unfamiliar or strange web link that indicates a USP
  
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• New 401(k) rule makes it easier to tap savings for emergencies

  19-07-2024 12:00 via foxbusiness.com
  
  A new law will make it easier for Americans to use their 401(k)s and other retirement funds as an emergency ATM.Under new IRS rules, Americans can now withdraw up to $1,000 from their 401(k)s without any penalties if the money is needed to cover a financial emergency. Acceptable reasons for a withdrawal include medical care, funeral expenses, auto repairs or "any other necessary emergency personal expenses."In the past, individuals who made these types of withdrawals owed income tax on the money
  
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• Worldwide tech outage disrupts hospitals, airlines, banks and other industries. Here is the latest

  19-07-2024 09:52 via cbc.ca
  
  A global tech outage was disrupting operations in multiple industries on Friday, with airlines halting flights, some broadcasters off-air and everything from banking to health care hit by system problems.
  
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• How the global tech outage is disrupting the lives of Canadians. Here is the latest

  19-07-2024 09:52 via cbc.ca
  
  A global tech outage was disrupting operations in multiple industries on Friday, with airlines halting flights, some broadcasters taken off the air, and everything from banking to health care hit by system problems.
  
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• Hospitals, airlines scrambling to address disruptions caused by worldwide IT outage

  19-07-2024 09:52 via cbc.ca
  
  A global tech outage was disrupting operations in multiple industries on Friday, with airlines halting flights, some broadcasters off-air and everything from banking to health care hit by system problems.
  
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• Day of disruptions, dashed plans for many Canadians after global tech outage

  19-07-2024 09:52 via cbc.ca
  
  Canadians weren't spared the headaches of cancelled flights, delayed medical appointments and other problems caused by a cybersecurity software upgrade fail that resulted in a host of cascading issues around the globe on Friday.
  
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• Cyber outage disrupts global services, crashes Windows PCs

  19-07-2024 09:52 via cbc.ca
  
  A global tech outage hit services and companies in multiple industries around the world on Friday, including in banking, travel and broadcasting in Spain, Turkey and Australia.
  
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• Airlines, banks, health care have operations disrupted in global IT outage

  19-07-2024 09:52 via cbc.ca
  
  A global tech outage was disrupting operations in multiple industries on Friday, with airlines halting flights, some broadcasters off-air and everything from banking to health care hit by system problems.
  
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• Airlines, banks, health care disrupted in global IT outage

  19-07-2024 09:52 via cbc.ca
  
  A global tech outage was disrupting operations in multiple industries on Friday, with airlines halting flights, some broadcasters off-air and everything from banking to health care hit by system problems.
  
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• Winklevoss twins donate $1M in Bitcoin to support Sen. Warren's pro-crypto challenger

  19-07-2024 02:09 via foxbusiness.com
  
  Tyler and Cameron Winklevoss, the entrepreneurial duo of Facebook fame and founders of the Gemini cryptocurrency exchange announced Thursday a $500,000 donation each in bitcoin to a super PAC supporting John Deaton, a pro-crypto lawyer looking to end Democratic Senator Elizabeth Warren’s twelve-year reign. Last month, the crypto bros announced a $2 million bitcoin donation to GOP presidential nominee Donald Trump, to help end what he called the Biden Administration’s "war on cry
  
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• Adidas 'revising' Bella Hadid campaign after backlash from Israel

  19-07-2024 01:56 via foxbusiness.com
  
  Adidas said it was "revising the remainder of the campaign" with Bella Hadid after their collaboration on a shoe to honor the victims of the massacre at the 1972 Munich Olympics drew fury from the Israeli government.Eleven Israeli athletes and coaches were killed by members of a Palestinian militant organization during the Games. The new Adidas shoe drew attention to the massacre.But the Israeli government’s X account pointed out that Hadid has been a part of the anti-Israel rhetoric for y
  
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• Apple reportedly talking with studios about more licensed movies

  19-07-2024 01:52 via foxbusiness.com
  
  Apple is reportedly seeking to show more licensed movies on its Apple TV+ streaming platform.The tech giant has engaged with some big movie studios, discussing the possibility of licensing agreements with them to get additional films, Bloomberg reported. The outlet cited unnamed sources.That effort was spurred by Apple’s licensing of dozens of movies in the spring proving fruitful for the tech giant and its Apple TV+ service, according to the outlet.Among the previously-licensed movies it
  
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• Netflix beats subscriber targets, cautions ad revenue may take time to ramp up

  19-07-2024 01:48 via foxbusiness.com
  
  Netflix said on Thursday it added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as "Bridgerton," "Baby Reindeer" and "The Roast of Tom Brady." While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026.Netflix shar
  
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• Marco Rubio defends Trump over Taiwan remarks, says US will discourage China from invading

  19-07-2024 01:25 via foxbusiness.com
  
  Republican Senator Marco Rubio, who was a finalist to be Donald Trump's running mate in the U.S. presidential campaign, said on Thursday he expected the U.S. would continue to support Taiwan under a Trump presidency.Trump raised questions about his commitment to the democratically governed island claimed by China with his remarks in a June 25 interview published this week in which he said Taiwan should pay the U.S. for its defense.When asked about Trump's Taiwan comments, Rubio told a group of r
  
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• Trump fundraiser at bitcoin conference asking $844,600 per seat

  19-07-2024 01:22 via foxbusiness.com
  
  Former President Trump is holding a private fundraiser for his campaign at Bitcoin 2024 in Nashville this month, and attendees will have to shell out some major coin to attend.An invitation for the fundraiser, first reported by Bloomberg, is asking $844,600 per person for a roundtable seat at the VIP reception, which comes with a photo taken with the Republican presidential nominee. Just to attend the reception and take a snap with Trump will set donors back $60,000, or $100,000 per couple.Trump
  
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• Taco Bell rolling out limited-time Cheesy Street Chalupas

  19-07-2024 01:16 via foxbusiness.com
  
  Taco Bell’s menu is getting a new option – Cheesy Street Chalupas – for a limited time.The "street-sized" Cheesy Street Chalupas on Thursday made their debut at participating Taco Bell restaurants across the country and will continue to be sold "while supplies last," according to the Yum! Brands subsidiary. They come in bundles of two.Taco Bell said the Cheesy Street Chalupas contain "traditional street taco ingredients – like fresh onions and cilantro – remixed wit
  
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• What is the grocery code of conduct?

  19-07-2024 00:28 via cbc.ca
  
  The proposed, voluntary code of conduct aims to promote fair and ethical dealing between retailers and suppliers. Experts say it should help boost competition but it's unclear what the effect on pricing could be.
  
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