Business news

• Krispy Kreme getting into the Olympic spirit with $1 doughnuts

  29-07-2024 23:51 via foxbusiness.com
  
  Krispy Kreme is getting into the Olympic spirit with $1 doughnuts.The company on Monday unveiled a pair of promotions for $1 doughnuts, one of which will occur Wednesday and the other Thursday. With the deals, Krispy Kreme said it was "encouraging Americans to ‘Go for the Glaze’" as Team USA competes with other countries’ athletes for medals during the ongoing Paris Olympic Games.2024 OLYMPIC GAMES COMMENCE IN PARIS, BUT WILL THEY MAKE MONEY?The company will charge all cus
  
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• Facebook admits 'mistake' in censoring iconic Trump assassination attempt photo: 'This was an error'

  29-07-2024 23:39 via foxbusiness.com
  
  Facebook wrongly called the popular image of Donald Trump pumping his fist in the air after an assassination attempt against him an "altered photo," a spokesperson admitted Monday.Users across X shared reports that their Facebook accounts were labeling the image as "altered", explaining "Independent fact-checkers reviewed a similar photo and said it was altered in a way that could mislead people."Meta Public Affairs Director Dani Lever later explained on X it was done in error as the systems wer
  
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• LARRY KUDLOW: Kamala Harris will likely continue the war on fossil fuels if elected

  29-07-2024 23:28 via foxbusiness.com
  
  No matter what her campaign claims, Kamala Harris can't ban her fracking ban and that's the subject of the riff. Over the weekend, a spokesperson for Kamala Harris attacked Donald Trump over his criticism that Ms. Harris supports a ban on fracking. The spokesperson claims Ms. Harris no longer supports a ban on fracking. Or that she never supported one, but wait a minute, when she ran for president in 2019, here's what she said: KAMALA HARRIS: "There’s no question I’m in fav
  
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• This week's personal loan rates rise for 3- and 5-year terms

  29-07-2024 23:05 via foxbusiness.com
  
  Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were higher for 3- and 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 July 22 and July 28: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 and emergency expen
  
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• US national debt hits a new record: $35 trillion

  29-07-2024 22:38 via foxbusiness.com
  
  The U.S. national debt surpassed $35 trillion for the first time in the nation's history on Monday as the federal government continues to accumulate debt at a record-setting pace.New data from the Treasury Department released Monday afternoon showed that the gross national debt hit $35,001,278,179,208.67. The milestone comes just months after the U.S. eclipsed the $34 trillion threshold in early January 2024, while the $33 trillion mark was reached in September 2023. By comparison, the nati
  
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• National Debt Tracker: American taxpayers (you) are now on the hook for $35,001,278,179,208.67 as of 7/29/24

  29-07-2024 22:33 via foxbusiness.com
  
  The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — rose to $35,001,278,179,208.67 as of Monday afternoon, according to the latest numbers published by the Treasury Department. That is up about $3.7 billion from the figure reported the previous day.By comparison, just four decades ago, the national debt hov
  
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• Air Canada flight canceled after flight attendant meltdown caught on video

  29-07-2024 22:26 via foxbusiness.com
  
  Passengers aboard an Air Canada flight from Morocco to Canada on Friday experienced a two-day delay following a flight attendant meltdown caught on camera, according to multiple reports. Video shared on social media shows a female flight attendant aboard Flight AC73 from Casablanca to Montreal pointing and shouting at a passenger in both French and English. "I don't want no bullying against my crew," the woman can be heard saying. "OK? Everyone behave."The altercation happened with a p
  
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• Trump calls for US to be 'crypto capital of the planet' at bitcoin conference in Nashville

  29-07-2024 21:14 via foxbusiness.com
  
  Former President Trump delivered a keynote address at the world's largest bitcoin conference in Nashville, Tennessee, over the weekend and called for the U.S. to become the "crypto capital of the planet" and a "bitcoin superpower of the world" if he wins the election."If crypto is going to define the future, I want it to be mined, minted and made in the USA – it's going to be, it's not going to be made anywhere else," Trump said.During his speech, Trump said he would replace Gary Gensler,
  
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• Roche ‘fast-tracking’ weight-loss drug that rivals Wegovy

  29-07-2024 19:56 via foxbusiness.com
  
  Roche is the latest company trying to tap into the highly lucrative weight-loss drug market by fast-tracking its own candidates. The pharmaceutical giant said that its CT-388 drug is now entering the phase two trial and its CT-996 drug will be moving toward phase two trials next year "based on the encouraging data." Both come in the form of a pill rather than an injection."We are fast-tracking the clinical development of our obesity portfolio with the aim to bring these medications to patie
  
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• Biden's Tesla snubs sparked Elon Musk's break from Democrats: report

  29-07-2024 19:35 via foxbusiness.com
  
  The Biden administration's snubbing of Tesla in its electric vehicle push contributed to CEO Elon Musk's break with the Democratic Party and the billionaire's eventual endorsement of former President Trump, according to a Wall Street Journal report.The Journal reported the rift began when the White House repeatedly gave Tesla officials the cold shoulder when they reached out multiple times after President Biden's inauguration in January 2021, seeking to connect Musk and Biden.According to the ou
  
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• Stuart Varney: Kamala Harris can do no wrong in the media's eyes

  29-07-2024 17:59 via foxbusiness.com
  
  During his "My Take," Tuesday, "Varney & Co." host Stuart Varney discussed the mainstream media's immediate push to boost Kamala Harris by "scrubbing clean" her poor record while vilifying the "hated" Donald Trump.STUART VARNEY: It didn't take long. The media's "rapid response team" swung into action the moment President Biden stepped aside. Immediately, Donald Trump became the villain. GOOGLE OMITS SEARCH RESULTS FOR FAILED TRUMP ASSASSINATION; BIG TECH ACCUSED OF ELECTION MANIPUL
  
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• BMW recalls over 291K vehicles due to rear cargo rail detachment risk

  29-07-2024 17:43 via foxbusiness.com
  
  More than 291,000 BMW X3 SUVs are being recalled due to a potential safety issue with their interior rear cargo rails.The automaker said in a recall report filed with the National Highway Traffic Safety Administration (NHTSA) that the model year 2018-2023 X3 sDrive30i, X3 xDrive30i, X3 M40i and X3 M vehicles subject to the recall "have been manufactured with rear cargo rails which, in an extreme rear crash, could become damaged." "In a rare case, if the attachment became damaged, the rail c
  
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• Michelle Obama enlisting celebrities for Kamala is 'not going to be enough,' economist warns

  29-07-2024 17:28 via foxbusiness.com
  
  Despite Michelle Obama gathering her closest celebrity friends to help her endorse Kamala Harris for president, one author and U.S. economist is arguing that their opinions won’t move the 2024 needle."There's an apathy problem that Democrats have to fight right now. They have to get all of those disenchanted and disengaged voters to actually care," Independent Women’s Forum director for center of economic opportunity Patrice Onwuka said on "Fox & Friends First," Monday."They've r
  
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• Housing begins to tip in favor of buyers; sellers slash prices to entice them back to market: report

  29-07-2024 17:16 via foxbusiness.com
  
  As buyers retreat from housing, some home sellers have had to cut their listing price to close the sale, a recent Zillow report said.Nearly 1 in 4 sellers have had to cut prices to try and get buyers struggling with affordability interested in buying – 24.5% of listings in June had a price cut, up from 23.8% the previous month.  The lack of buyer appetite is also contributing to an increase in inventory. The total number of homes on the market increased 4% from May to June to stand ne
  
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• Cinnamon recalled after testing revealed elevated lead contamination

  29-07-2024 16:32 via foxbusiness.com
  
  Cinnamon shipped to stores in several states is being recalled over concerns that it's tainted with lead. ALB-USA Enterprises Inc. recalled ALB Flavor brand Cinnamon Powder after an analysis conducted by the Connecticut Agricultural Experiment Station (CAES) revealed the product contained elevated levels of lead," according to a Food and Drug Administration (FDA) notice.It's the same concern that prompted the recall of the WanaBana, Schnucks or Weis-brand apple cinnamon pouches late last ye
  
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• McDonald's sales decline for first time in years as higher fast food prices hurt demand

  29-07-2024 16:26 via foxbusiness.com
  
  McDonald's saw a drop in sales for the first time in years as it struggled to draw in cash-strapped customers amid higher menu prices.McDonald’s CEO Chris Kempczinski said that the company's system "sustained significant inflationary cost increases" between 20 to 40%, depending on the market, over the last several years."As we absorb these cost increases in partnership with our franchisees, we look for ways to protect restaurant profitability via productivity efforts and selective price in
  
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• Today's mortgage rates remain unchanged for 30-year terms while 15-year terms edge down | July 29, 2024

  29-07-2024 16:05 via foxbusiness.com
  
  The interest rate on a 30-year fixed-rate mortgage is 6.625% as of July 29, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.875%, which is 0.115 percentage points lower than 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 get the best deal. Rates last
  
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• The fast food minimum wage effect: higher prices, reduced hours

  29-07-2024 12:00 via foxbusiness.com
  
  After California implemented a new law boosting the minimum wage for fast-food workers earlier this year, a majority of restaurants increased prices and cut employee hours, according to a recent report from the Employment Policies Institute. Some are considering expanding outside the state now more than ever.Since April, when the law took effect, 98% of restaurants surveyed said they have already raised the cost of menu items, and 93% plan to do so next year. Additionally, 89% reported alre
  
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• A $1 million starter home is the new normal in over 200 cities

  29-07-2024 12:00 via foxbusiness.com
  
  A starter home used to be considered a smaller, but more affordable option for young families and other first-time buyers looking to enter the real estate market.That may no longer be the case.These days, the typical starter home is worth at least $1 million in 237 cities, the most ever, according to new findings published by Zillow. Five years ago, just 84 cities met that criteria. Zillow defines a starter home as being among those in the lowest third of home values in a given region.THE US HOU
  
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• Study ranks US states with most financially-distressed residents – see the list

  29-07-2024 03:43 via foxbusiness.com
  
  A personal finance company recently published a survey on the U.S. states with the most money-worried residents – and the results may surprise you.WalletHub published its study, titled "States with the Most People in Financial Distress," on July 17. The company said that it used nine key metrics, including credit score changes and Internet searches for "debt" and "loans," to determine the results."Our data set includes factors like the average credit score, the change in the number of bank
  
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• Google feature omits search results for failed Trump assassination; Big Tech accused of election manipulation

  29-07-2024 02:50 via foxbusiness.com
  
  Google users searching for the attempted assassination of former President Trump were miffed when the desired results failed to populate on the search engine. Instead, the website autocomplete feature omitted the results of the July 13 shooting, drawing criticism from social media users who accused the Big Tech giant of trying to influence the presidential election. Screenshots from Google instead showed recommended search results of the failed assassination of Ronald Reagan and the as
  
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• Apple's new AI features to be delayed after iOS 18 release: report

  29-07-2024 02:44 via foxbusiness.com
  
  Apple's upcoming release of new artificial intelligence (AI) tools is now expected to occur later than originally expected, coming after the initial launch of the new iOS 18 software for iPhone and iPads, according to a report.Bloomberg News reported Sunday that Apple plans to launch Apple Intelligence in a batch of software updates slated for release in October, which will come a few weeks after the initial releases of iOS 18 and iPadOS 18 in September. Other Apple Intelligence features are sti
  
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• United flight forced to undergo 'deep clean' after passenger experiences medical issue

  29-07-2024 02:02 via foxbusiness.com
  
  A United Airlines flight was diverted after a passenger experienced a "medical issue" onboard, forcing the plane to land at a Virginia airport.Flight UA2477, which departed from Houston on Sunday morning and was bound for Boston, diverted to Dulles International Airport to undergo a cleaning. The Boeing 737-800 was carrying 155 passengers.According to FlightAware, the plane left George Bush Intercontinental Airport shortly after 9:30 a.m. It arrived at Dulles International Airport at around 1:30
  
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• Two billionaire Harris donors want her to fire FTC Chair Lina Khan

  29-07-2024 01:51 via foxbusiness.com
  
  A pair of billionaire supporters of Vice President Harris said in interviews last week that she should consider firing Federal Trade Commission (FTC) chair Lina Khan over her efforts to oppose corporate mergers and acquisitions.Khan has led the Biden administration's efforts to leverage antitrust law to scrutinize mergers for their competitive impact on prices paid by consumers and whether workers would face layoffs. The FTC has sued to block a number of high profile mergers and acquisition
  
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