Business news

• Chinese EV makers have sights set on Quebec market

  15-07-2026 19:04 via cbc.ca
  
  Dongfeng is China's latest automaker to unveil its electric vehicle offering in Montreal’s Old Port, as Chinese EV manufacturers look to make their entry into the Canadian market.
  
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• Why travel insurance may not help you if there's a WestJet strike

  18-07-2026 10:00 via cbc.ca
  
  WestJet travellers hoping to buy protection in case their travel plans are interrupted or delayed by a contract dispute may be out of luck, as travel insurance experts say policies purchased after potential strike dates are announced won't cover future work stoppages.
  
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• Narcissistic leaders more likely to oppose remote work, new research suggests

  18-07-2026 10:00 via cbc.ca
  
  As more employees are being ordered back into the office full time, new research suggests the rationale may be more about bosses' desire for power and status than productivity.
  
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• Costco adds hot fan favorite to food court menu as shoppers debate taste and value

  18-07-2026 00:28 via foxbusiness.com
  
  Costco shoppers have a new reason to linger after loading their carts with bulk paper towels and oversized snack packs: The retailer has added chicken strips to its famously affordable food court menu.The new offering includes five large, breaded chicken breast strips and a container of dipping sauce for $6.99. The combo clocks in at 1,640 calories.After appearing in select test markets earlier this year, the strips are now being reported at Costco warehouses across the country.WEALTHY AMERICANS
  
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• Taylor Farms preparing recall, denies branded salads tied to outbreak

  18-07-2026 00:24 via foxbusiness.com
  
  Fresh produce supplier Taylor Farms is preparing a recall tied to ingredients linked to a multistate Cyclospora outbreak, according to a Bloomberg News report, as the company says its branded salad products are not associated with the illnesses.Bloomberg, citing a document viewed by the outlet, reported Friday that the California-based produce company told federal regulators it is preparing a recall connected to the Food and Drug Administration's investigation into the parasite outbreak. The sco
  
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• LARRY KUDLOW: What is JD Vance doing?

  18-07-2026 00:10 via foxbusiness.com
  
  Kim Strassell writing today in the Wall Street Journal argues that Vice President Vance has gone AWOL. The leader of the Senate could bring Congress together, but he’s hawking a book. My pal Ben Domenech, writing in the Daily Wire, suggests that Mr. Vance is in desperate need of a "nineties summer".Right now, Mr. Domenech explains, Mr. Vance is too online. The vice president pays too much attention to social media that he appears to be blaming Israel for a peace deal with Iran th
  
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• Apple briefly overtakes Nvidia as world's most valuable company amid AI investment doubts

  17-07-2026 22:50 via foxbusiness.com
  
  Apple briefly passed Nvidia to become the world's most valuable company on Friday as the tech titans jostled for the top spot as investors reconsider the outlook for investments in AI.Apple's market cap topped Nvidia's early Friday as the latter saw shares slide along with other chipmaker stocks as investors continue to evaluate whether tech firms' rapid buildout of AI tools and the data centers needed to support them will yield near-term profits.The consumer tech giant saw its market cap rise t
  
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• Judge delays ruling on California's bid to freeze Paramount's $111B takeover of Warner Bros. Discovery

  17-07-2026 22:00 via foxbusiness.com
  
  A judge on Friday declined to issue a ruling from the bench regarding California’s request for a temporary restraining order freezing Paramount’s planned takeover of Warner Bros. Discovery (WBD) Paramount CEO David Ellison is seeking to acquire WBD in a $111 billion deal that was expected to close during the third quarter of this year, but California Attorney General Rob Bonta is leading a group of 12 state attorneys general who filed a lawsuit challenging the merger. The l
  
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• Government says it's investigating CN's actions after rail crew surrounded by wildfire

  17-07-2026 21:55 via cbc.ca
  
  Transport Canada said its investigating to determine if CN failed to comply with rules under the Railway Safety Act, or if health and safety violations occurred. The union representing rail workers has also criticized the rail company for the incident, saying it never should have happened.
  
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• Hyundai recalls nearly 48,000 SUVs over seat belt issue that could increase crash injury risk

  17-07-2026 21:24 via foxbusiness.com
  
  Hyundai is recalling more than 47,000 Kona SUVs in the U.S. after discovering a defect with the rear center seat belt buckle that could increase the risk of injury in a crash.The recall covers 47,749 vehicles, including certain 2025 Hyundai Kona Electric and 2026 Hyundai Kona models, according to documents posted by the National Highway Traffic Safety Administration (NHTSA).The rear center seat belt buckle may fail to properly restrain an occupant during a crash, the automaker said.HYUNDAI MOTOR
  
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• Airlines warn changing daylight saving time would disrupt scheduling

  17-07-2026 20:45 via foxbusiness.com
  
  Airlines are warning that changes to existing practices around Daylight Saving Time (DST) would have a major impact on the industry and that changes would need to be implemented over time to account for challenges it would create for scheduling.Airlines for America (A4A), a trade group that represents leading air carriers in the U.S., released a statement this week which warned that changes to DST "would have considerable implications for aviation, including passenger disruption, crew and aircra
  
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• Young millionaire reveals the wealth-building lessons he learned from billionaires

  17-07-2026 20:40 via foxbusiness.com
  
  Young entrepreneurs are increasingly turning social media audiences into full-scale businesses, using digital content to build subscription communities, marketing firms and investment portfolios instead of relying on a single source of income."School of Hard Knocks" co-founder James Dumoulin joined FOX Business' Stuart Varney on "Varney & Co." to explain how he has grown the company into a media platform with 26 million followers while expanding into multiple revenue streams.Dumoulin said hi
  
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• Ohio man sues Taco Bell franchisee, claiming cyclospora infection left him sick for 2 weeks

  17-07-2026 20:10 via foxbusiness.com
  
  An Ohio man is suing a Taco Bell franchisee over the cyclosporiasis outbreak after eating at one of the chain's restaurants in the Cleveland area and becoming ill.Mohammed Ayyad's lawsuit claims that he ate two meals involving items he ordered regularly from a Taco Bell in North Olmsted, Ohio, on June 14, and another meal on June 21 that also involved multiple orders of cheesy fiesta potatoes and avocado ranch chicken stackers.Ayyad began experiencing symptoms of a cyclospora infection on June 2
  
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• Apple hit with lawsuit claiming iCloud+ privacy tool could expose users’ real emails to websites

  17-07-2026 20:06 via foxbusiness.com
  
  Apple is facing a proposed class action lawsuit alleging its "Hide My Email" feature failed to conceal users’ real email addresses from websites and apps.The complaint, filed Wednesday in federal court, also claimed Apple was aware the feature, introduced in 2019, was not working as early as last summer and did not take sufficient action to fix it.The alleged issue still has not been remedied, according to the suit, even as Apple continues to claim "Hide My Email" generates "unique, random
  
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• New bipartisan plan seeks to prevent Social Security benefit cuts before trust fund depletion

  17-07-2026 17:19 via foxbusiness.com
  
  A ticking clock on Social Security solvency has prompted a bipartisan coalition of senators to introduce legislation aimed at preventing automatic, across-the-board benefit cuts for more than 70 million Americans.Called the Protecting Retirement Opportunities and Maintaining Income Security for Everyone (PROMISE) Act, the bill establishes a procedural process designed to require congressional votes on a long-term Social Security solvency plan before the retirement trust fund's projected depletio
  
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• Costco, Amazon shoppers urged to check their kitchens after appliance recalled over shock and fire hazards

  17-07-2026 17:09 via foxbusiness.com
  
  Panasonic has recalled one of its toaster ovens across the United States and Canada after the company found the appliance posed a risk of electric shock or fire.The recall covers 11,480 Panasonic Model No. NB-G200 Electric Toaster Ovens sold in the U.S., as well as another 2,184 sold in Canada.Pansonic said the power cord insulation "can be insufficient due to a protective fiberglass sleeve not covering it adequately, posing a risk of shock and/or fire hazard."HOME COOKS SHOULD STOP USING RECALL
  
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• Panasonic recalls toaster ovens over electric shock hazard

  17-07-2026 15:41 via cbc.ca
  
  A recall has been issued for Panasonic Flashxpress Toaster Ovens sold in Canada and the U.S. due to an electric shock hazard.
  
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• Dollarama recalls garlic powder due to 'microbial contamination'

  17-07-2026 15:04 via cbc.ca
  
  The CFIA says the seasoning should not be used, sold or served due to possible contamination from Bacillus cereus, a bacteria that can cause food poisoning.
  
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• Trump's childhood home in NYC finds a buyer after extensive makeover

  17-07-2026 12:00 via foxbusiness.com
  
  The childhood home of President Donald Trump in New York found a buyer after it was renovated by a real estate developer over the last year.Located in the Queens borough of New York City, the Tudor-style home was built by the president's father, real estate developer Fred Trump, in the affluent neighborhood known as Jamaica Estates in 1940.The president lived at the home until the age of 4, when the family moved to a larger home in the neighborhood in 1950, Realtor.com reported.The home was purc
  
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• New York is pausing new hyperscale data centres. Could the same happen in Canada?

  17-07-2026 10:00 via cbc.ca
  
  More companies are looking to Canada to build out hyperscale data centres meant to power AI, launching a debate over whether the facilities are a net benefit for the country. Here's a look at whether provinces and territories here are considering their own moratoriums.
  
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• United to offer travelers free flight changes to avoid landing at Trump International Airport

  17-07-2026 09:00 via foxbusiness.com
  
  United Airlines is planning to offer passengers flight changes free of charge to avoid landing at the newly renamed President Donald J. Trump International Airport in Florida, according to an internal memo that appears aimed at customers who object to the airport’s new name.Passengers who object to landing at the airport — previously Palm Beach International Airport — may be moved to Fort Lauderdale or Miami without having to pay extra, according to an internal memo obtained by
  
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• FDA says Taco Bell to stop using lettuce supplier linked to multistate parasite outbreak

  17-07-2026 08:47 via foxbusiness.com
  
  The U.S. Food and Drug Administration said Thursday that Taco Bell will stop using lettuce from a supplier linked to a multistate cyclosporiasis outbreak, as federal health officials investigate more than 1,600 illnesses across five states.The announcement came after Taco Bell said earlier Thursday that it had voluntarily removed potentially affected lettuce from a supplier in select states where cases have been linked to the outbreak."Based on ongoing conversations with public health officials,
  
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• Target recalls 200,000 children's sandals over potential choking hazard: CPSC

  17-07-2026 03:10 via foxbusiness.com
  
  Target is recalling more than 200,000 children's sandals over the potential risk of "serious injury or death" from a choking hazard.About 211,000 Cat & Jack Toddler Girls' Sequerah Sandals are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced Thursday.The choking hazard concern is due to the possibility of decorative pearls falling off the shoes.GENERAL MILLS PULLS MORE THAN 735,000 PILLSBURY ROLLS FROM SHELVES OVER POSSIBLE GLASS CONTAMINATION"The san
  
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• Toyota hit with lawsuit alleging it secretly tracked drivers after they rejected website tracking cookies

  17-07-2026 02:33 via foxbusiness.com
  
  Toyota is the latest company facing a lawsuit over its website's use of online tracking technology — aka cookies — highlighting a growing legal risk for businesses that rely on digital advertising and consumer data.A proposed class action filed Wednesday in Los Angeles County Superior Court accuses the automaker of continuing to track visitors to Toyota.com even after they declined third-party cookies, allegedly violating California privacy law.Lead plaintiff Brittany Conner alleges
  
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• Meta will now tell parents if their teens talk about suicide with the company's AI chatbot

  17-07-2026 01:16 via cbc.ca
  
  Starting today, Canadian parents who have set up Instagram's supervision feature for their teen will be notified if their child shows signs that they're in crisis. Kids, advocates and tech experts all say the feature is a step in the right direction, but that more work is needed to keep kids safe online.
  
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• LARRY KUDLOW: A new Goldilocks -- Strong growth and falling prices

  16-07-2026 23:48 via foxbusiness.com
  
  After two great inflation numbers where the level of both consumer and producer prices actually declined in June from the prior month, reported out Tuesday and Wednesday, today we get another big number this time on retail sales — also known as consumer spending.Core sales have risen 8 percent at an annual rate over the past three months. And the biggest category was online sales, where non-store retailers have jumped by 1.9 percent in June, 1.4 percent in May, 1.5 percent in April, and 21
  
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• Ikea to close locations in 2 states

  16-07-2026 22:43 via foxbusiness.com
  
  Ikea shoppers in Charlotte and Austin will soon have fewer options for home design consultations and pickup services.The Sweden-founded retail giant is closing its South Charlotte and Austin-Domain, Texas, "Plan & order point with Pick-up" locations on Aug. 30, 2026, according to notices posted on the company’s website.The smaller-format sites allow customers to get help with planning kitchens, rooms and business spaces, while also offering pickup services.Both locations will remain op
  
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• IRS raises business mileage deduction rate amid fuel price surge

  16-07-2026 22:22 via foxbusiness.com
  
  The IRS this week announced changes in the amount taxpayers may deduct in gas used per mile while operating a vehicle for business for the remainder of the year amid higher gas prices.The tax collection agency noted that the change "results from recent increases in the price of fuel" and will allow for larger mileage deductions for business, medical and moving expense purposes.Under the revision, the standard mileage deduction rate for business will increase to 76 cents per mile, up from 72.5 ce
  
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• General Mills pulls more than 735,000 Pillsbury rolls from shelves over possible glass contamination

  16-07-2026 20:53 via foxbusiness.com
  
  General Mills is pulling more than 735,000 Pillsbury bread rolls from shelves due to concerns the products may contain glass.The recall affects certain frozen Pillsbury bread rolls, including "Hard Roll Dough" and "Kaiser Roll Dough" products, according to a recall report shared by the Food and Drug Administration (FDA).The FDA classified the recall as Class II on July 13. A Class II recall means that using the product could cause "temporary or medically reversible" health consequences."Out of a
  
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• Corus to cut dozens of media jobs across Canada

  16-07-2026 19:39 via cbc.ca
  
  Corus Entertainment, owner of the Global Television Network, has confirmed plans for a number of layoffs. The company says the changes are an effort to "strengthen and sustain" its news divisions.
  
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