Business news

• Chinese-made electric vehicles start arriving in Canada

  01-06-2026 20:34
  
  More than 2,910 Chinese-made electric passenger vehicles arrived in Canada during the month of May under the reduced tariff deal announced earlier this year.
  
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• Would you give an AI agent your credit card? Companies are betting so

  06-06-2026 10:00
  
  Shoppers are already using AI to sort through and compare products before they buy, and now, retailers are looking to adopt autonomous payments. But those involved in processing payments will need to first sort out what happens when AI makes mistakes and take steps to keep bad actors out.
  
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• Want to switch jobs but can't let go? You might be a job hugger

  06-06-2026 10:00
  
  If you're too scared to leave an unfulfilling job you're not alone. Canadian employment data and the anecdotes of post-pandemic hires echo that sentiment, so much so that it’s spawned a new term: job hugging, the phenomenon where you hold tight to your position even if you’re unhappy.
  
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• The Gordie Howe International Bridge is 'essentially complete.' The fight over it is not

  06-06-2026 10:00
  
  Newly obtained federal briefing documents show Canada finished building the $6.4-billion Gordie Howe International Bridge before a major legal challenge to the project is expected to reach trial.
  
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• Jamaican Scotch bonnet prices soar amid shortage, putting the squeeze on hot sauce

  06-06-2026 10:00
  
  Jamaican Scotch bonnet peppers are the latest food to be hit by a shortage. The spicy peppers are a key ingredient in Jamaican jerk seasoning and many hot sauces.
  
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• McDonald's testing AI drive-thru order-taking system called ArchIQ at five locations across country

  06-06-2026 03:41 via foxbusiness.com
  
  McDonald's customers may soon be giving their order to a robot.The fast food company is testing a new artificial intellience order-taking system at the drive-thru called ArchIQ at five locations across the country right now, according to Restaurant Business Magazine.The initiative is part of the company's new brand strategy called McDonald’s Next, which was announced this week.FOX Business has reached out to McDonald's for comment.MCDONALD'S UNVEILS NEW GROWTH STRATEGY TO WIN BACK CUSTOMER
  
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• Canned, frozen juice from concentrate coming back to Canadian shelves

  06-06-2026 03:09
  
  Canadian freezers could soon be stocked with juice again, as grocery giant Loblaw confirms plans to bring frozen concentrated juice cans back to the Canadian market.
  
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• LARRY KUDLOW: Trump loves business, and business is booming

  05-06-2026 23:34 via foxbusiness.com
  
  That’s right, business is booming. Who do you think creates jobs? That’s a serious question. The answer is not consumer spending, which is what 99% of overeducated economists and media types will tell you. It’s business that creates jobs. And by the way, jobs are booming.172,000 in May. Last three months 188,000 average. April and March revised up 93,000. All these results are twice as much as predicted, but the point I want to make is that jobs are not created from thin air. T
  
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• Subaru recalls nearly 70,000 SUVs after moonroof panels detach while driving

  05-06-2026 22:54 via foxbusiness.com
  
  Subaru is recalling nearly 70,000 vehicles in the U.S. after discovering a defect that could cause moonroof glass panels to detach from the vehicle, creating a potential hazard for other motorists.The recall affects 69,663 model-year 2026 Subaru Forester and Forester Hybrid vehicles, according to a safety recall report filed with the National Highway Traffic Safety Administration.According to the report, some affected vehicles may have been manufactured with power moonroof assemblies in which th
  
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• Popular baby bottles sold at Walmart recalled after 135 choking hazard reports

  05-06-2026 21:21 via foxbusiness.com
  
  TOMY International issued a recall Thursday for roughly 40,000 reusable baby bottles sold exclusively at Walmart after more than 130 reports were sent in about a potential choking hazard.The advisory impacts Boon NURSH 8 oz reusable baby bottles, specifically the three-pack bottles sold in the "pink tie-dye" color pattern, according to the U.S. Consumer Product Safety Commission (CPSC).WALMART WARNS SHOPPERS COULD FACE HIGHER PRICES AS FUEL COSTS SURGE, TAX REFUNDS DRY UPThe CPSC said the hard p
  
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• Harley-Davidson under fire from Robby Starbuck over alleged 'woke' leadership

  05-06-2026 21:18 via foxbusiness.com
  
  Harley-Davidson's recent executive hires risk alienating Americans fed up with alleged wokeness from corporate icons like the motorcycle manufacturer, a conservative activist is warning.Robby Starbuck, who has waged a public campaign against corporate diversity, equity and inclusion (DEI) policies and wokeness, criticized Harley-Davidson in a post on X for appointing Artie Starrs as CEO last year due to his sponsorship of groups contributing to San Francisco Pride and offering antiracism trainin
  
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• Sunwing Vacations indefinitely cancels all operations to Cuba

  05-06-2026 20:55
  
  The move comes after Sunwing Vacations Group first cancelled Cuba operations from June to October, saying service would resume in the fall.
  
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• Trump official reveals where California gets much of its oil — and calls it a national security threat

  05-06-2026 20:29 via foxbusiness.com
  
  Trump officials are warning that California’s dependence on foreign oil has become more than an economic issue, arguing it now poses a broader national security concern as geopolitical tensions continue to affect global energy markets.U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum joined FOX Business’ David Asman Friday on "Varney & Co." to discuss domestic energy production, California’s reliance on imported crude and efforts to restart production at
  
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• Too soon to declare a recession, says Canada's unofficial authority on calling them

  05-06-2026 18:31
  
  The C.D. Howe Institute's Business Cycle Council, which is traditionally viewed as the arbiter for calling a recession in Canada, says it does not accept two consecutive quarters of GDP contraction as the definition of a technical recession.
  
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• Canadian economy adds 88,000 jobs in May, helping offset job losses so far this year

  05-06-2026 14:56
  
  The increase in jobs was driven by a growth in full-time roles, with the construction, information and culture, and transportation sectors leading the way. May's job additions are the first significant employment gain since November 2025, Statistics Canada said.
  
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• Canadian economy adds 88,000 jobs in May, defying economists' expectations

  05-06-2026 14:56
  
  The increase in jobs was driven by a growth in full-time roles, with the construction, information and culture, and transportation sectors leading the way. May's job additions are the first significant employment gain since November 2025, Statistics Canada said.
  
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• Canadian economy added 88,000 jobs in May, defying economists' expectations

  05-06-2026 14:56
  
  May's job additions are the first significant employment gain since November 2025, Statistics Canada said. Before the release, economists were predicting only minimal job growth in the month.
  
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• US economy added 172,000 jobs in May, beating expectations

  05-06-2026 14:31 via foxbusiness.com
  
  The U.S. economy added jobs at a modest pace in May amid uncertainty surrounding the impact of conflict in the Middle East on the labor market.The Bureau of Labor Statistics on Friday reported that employers added 172,000 jobs in May. That figure is above the estimates of economists polled by LSEG, who predicted a gain of 85,000 jobs.The unemployment rate held steady at 4.3%, which was in line with the expectations of LSEG economists.Revisions were made to the payroll numbers for the p
  
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• Kevin O'Leary says Utah AI data center project will shrink after lawmakers demand cuts

  05-06-2026 02:07 via foxbusiness.com
  
  "Shark Tank" investor Kevin O'Leary says he is prepared to shrink a sprawling artificial intelligence data center development in Utah after top state lawmakers pushed for major reductions and additional environmental safeguards, according to reports.O'Leary told NBC News on Wednesday that he is willing to reduce the size of the proposed Stratos data center project after Utah Senate President J. Stuart Adams called for a 75% reduction in its footprint."I have no choice," O'Leary told NBC News at
  
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• Nike CEO Elliott Hill outlines sports-focused strategy to revive iconic sportswear company

  05-06-2026 00:21 via foxbusiness.com
  
  Nike CEO Elliott Hill opened up about the company's turnaround strategy as the brand celebrated its annual "Just Do It" Day, outlining how a renewed focus on sports is central to Nike's future.Hill said Nike drifted toward lifestyle and fashion in recent years, but that the company's strongest growth comes when it stays rooted in athletic performance and innovation."We had become more lifestyle-oriented, more fashion-oriented," Hill said in an exclusive interview with FOX Business anchor Liz Cla
  
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• Hershey's launches limited-edition Christian Pulisic chocolate bars honoring their hometown World Cup star

  05-06-2026 00:08 via foxbusiness.com
  
  Before Christian Pulisic was dubbed "Captain America" for the U.S. men’s national soccer team, he was just a kid from Hershey, Pennsylvania dreaming about one day scoring the winning goal in the FIFA World Cup. Pulisic’s World Cup dreams came to fruition in 2022 in Qatar, but four years later, the Stars and Stripes will have No. 10 back representing the country in the World Cup on home soil. As a result, another popular product from his hometown is honoring their American h
  
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• LARRY KUDLOW: Iran doesn't have a War Powers Act

  04-06-2026 23:34 via foxbusiness.com
  
  Not being a lawyer, I don’t know if the House passage yesterday to end the war in Iran is constitutional or not. And if it ever passes the Senate, President Trump will veto it, and he’ll be right to do so. Here’s what I do know: it’s stupid. It’s also unpatriotic. It also interferes with Mr. Trump’s commander in chief responsibilities to destroy a radical Islamist regime that has spent the last 47 years developing nuclear weapons and sponsoring terrorism
  
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• Trump admin to tell banks immigration status may be considered in mortgage, credit decisions

  04-06-2026 23:15 via foxbusiness.com
  
  The Trump administration is planning to release a policy statement that will tell banks they may consider a client's immigration status as part of their ability to repay when offering mortgages and credit cards, FOX Business has learned.The Consumer Financial Protection Bureau (CFPB) is planning to issue a policy statement on Friday in the Federal Register that serves as a guidance for financial institutions in considering a consumer's ability to legally work and earn income in the U.S. when mak
  
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• Zeldin touts US energy future, says Indo-Pacific nations increasingly interested in American supply

  04-06-2026 18:34 via foxbusiness.com
  
  EPA Administrator Lee Zeldin expressed high hopes for U.S. energy dominance Thursday, citing enthusiasm for projects in development under the Trump administration and increasing interest in American energy from allies overseas."I'm very bullish about where this is going to be going once the conflict is over," Zeldin told FOX Business, referring to lingering tensions in the Middle East.Speaking on "Mornings with Maria," Zeldin pointed to the nuclear, oil and gas fronts as evidence of positive dev
  
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• 'That guy's insane': FAA investigates airspace incident involving JetBlue flight, other aircraft

  04-06-2026 18:03 via foxbusiness.com
  
  Federal aviation officials are investigating an incident near Fort Lauderdale-Hollywood International Airport after a JetBlue flight received an onboard alert warning of a nearby aircraft that was not communicating with air traffic control, according to the Federal Aviation Administration.JetBlue Flight 1256 landed safely after receiving the alert at approximately 6:15 p.m. local time on June 1, the FAA told FOX Business. The agency said required separation between aircraft was maintained throug
  
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• California loses Fortune 500 crown to Texas as billionaire tax threat looms

  04-06-2026 17:12 via foxbusiness.com
  
  A shifting economic landscape has culminated in Texas, dethroning California as the nation's premier hub for Fortune 500 companies.Data from the 2026 Fortune 500 list show Texas leading with 57 headquarters, compared with California’s 56, marking a reversal from two years ago, when California held the lead.Additionally, corporations in Texas generated $2.8 trillion in revenue, while those in California reported $2.7 trillion in revenue."Texas is the undisputed headquarters of headquarters,
  
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• Trump unveils $700M coal industry support plan using Defense Production Act

  04-06-2026 16:52 via foxbusiness.com
  
  President Donald Trump on Thursday announced a nearly $700 million initiative Thursday at the White House aimed at supporting the U.S. coal industry, including funding for power plant upgrades, new projects and export infrastructure.Meeting with leaders in the Oval Office, Trump said he will invoke the Defense Production Act, a Cold War-era law that grants presidents broad authority over industries considered vital to national security, to direct federal support to coal projects across the count
  
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• Supersized data centres are coming to Canada. One province is at the epicentre

  04-06-2026 10:00
  
  A new national AI strategy by the federal government this week comes at a time when the country is confronting a wave of new high-powered data centres, while public sentiment could be souring on the impacts of the new technology.
  
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• Jet fuel shortage? Don't worry about it, say major airlines

  04-06-2026 10:00
  
  More than six weeks after international warnings that Europe could run out of jet fuel, at least two major global carriers are saying it's safe to book a summer holiday to Europe because they don't expect the expensive commodity to run out during the busy travel season.
  
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• Higher oil and gas prices coming soon, industry and analysts warn

  04-06-2026 10:00
  
  Energy executives and analysts are warning that oil and gas prices will likely rise significantly as the Strait of Hormuz remains closed and stubborn demand burns through strategic reserves.
  
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