Business news

• Cuisinart recalls more than 8 million food processor blades because they can break off

  16-12-2016 15:43 via cbc.ca
  
  The company that makes a popular food processor has issued a recall involving more than eight million Cuisinarts in Canada and the U.S. because their blades may break off over time and leave sharp pieces of jagged metal in the food.
  
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• DOJ seizes $560K in cryptocurrency allegedly intended for Hamas, disrupts online recruitment network

  03-09-2026 07:26 via foxbusiness.com
  
  The U.S. Department of Justice (DOJ) this week announced the seizure of more than $550,000 in cryptocurrency donations and the disruption of recruitment websites connected to terrorist organization Hamas.Through court-authorized seizures, the FBI seized approximately $560,000 in cryptocurrency and took control of domains and servers Hamas was allegedly using to raise money and recruit supporters, according to U.S. Attorney for the District of Columbia Jeanine Pirro."A message to Hamas: We will s
  
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• Air Canada Express flight attendants vote on strike mandate as contract talks stall

  03-09-2026 00:39 via cbc.ca
  
  Flight attendants who work on Air Canada Express flights are voting on whether to authorize strike action as their union says bargaining talks have stalled.
  
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• Waymo expands driverless robotaxi service to 3 major US cities

  02-09-2026 23:48 via foxbusiness.com
  
  Waymo on Tuesday began welcoming its first public riders in Denver, San Diego and Tampa, expanding its fully autonomous ride-hailing service to 14 cities.The Alphabet-owned self-driving car company said tens of thousands of people in each newly launched market have already signed up for access. The company plans to gradually add riders before eventually opening the service to all users."From coast to coast, we’re focused on making everyday transportation safer, easier and more accessible,"
  
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• JetBlue unveils new first-class seating for domestic flyers

  02-09-2026 22:34 via foxbusiness.com
  
  JetBlue on Tuesday unveiled a new domestic first-class experience that will be available for booking this fall.The new offering, called BlueFirst, will feature redesigned seats, premium amenities and upgraded seatback technology, the airline said."Domestic first class has become easy to predict. We think it’s time for a fresh take," JetBlue CEO Joanna Geraghty said in a statement. "Customers are increasingly looking for more premium experiences, and BlueFirst gives them an elevated ex
  
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• AI infrastructure investment projected to top $31T by 2050

  02-09-2026 22:27 via foxbusiness.com
  
  The rapid buildout of artificial intelligence (AI) infrastructure is expected to accelerate in the years ahead, with a new analysis projecting investment in the sector will top $31 trillion through 2050.A report by PwC projects that capital expenditures on AI infrastructure will reach $31.6 trillion by 2050 as companies invest in building the computing capacity to power models, as well as upgrade the tech as it advances.It added that the $31.6 trillion estimate represents the central scenario wi
  
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• Treasury yields hover near multi-year highs as energy prices and government debt fuel bond sell-off

  02-09-2026 20:30 via foxbusiness.com
  
  Yields on U.S. Treasurys hovered near multi-year highs on Wednesday, as the global bond market experienced a sell-off amid concerns over energy prices keeping inflation elevated as well as government debt burdens.The yield on the benchmark 10-year Treasury note was around 4.8% in the early afternoon on Wednesday, slightly lower than the intraday high of 4.818% – which was the highest level since November 2023.Sovereign debt yields were elevated in other notable developed countries, with Ja
  
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• SEC proposal could open floodgates to make America capital of digital cash

  02-09-2026 20:22 via foxbusiness.com
  
  The Securities and Exchange Commission (SEC) is moving to give crypto companies a clearer path to raise capital in the United States as the agency seeks to bring crypto-asset investment and innovation back onshore while keeping activity under U.S. law.SEC Chairman Paul Atkins joined FOX Business' Cheryl Casone on "Mornings with Maria" to discuss the agency's new crypto proposal, its exemptions and the broader push to make the U.S. the "crypto capital" of the world."Our regulation crypto assets t
  
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• Uber to cut thousands of jobs in sweeping restructuring effort

  02-09-2026 19:56 via foxbusiness.com
  
  Uber is cutting roughly 10% of its workforce, or about 3,300 jobs, in an effort to streamline operations, the company announced on Wednesday.The ride-hailing giant's CEO, Dara Khosrowshahi, said in a memo to employees that the company is removing management layers, simplifying teams and refining where its teams are based."The changes we’re making today are designed to do two things: make Uber simpler and faster, and create more capacity to invest in our future," Khosrowshahi said. "A
  
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• Trump-emblazoned $1 coins go on sale — and the Mint is charging a major mark-up

  02-09-2026 19:41 via foxbusiness.com
  
  The U.S. Mint on Wednesday started selling $1 coins that feature President Donald Trump's face."Available for purchase today at 12PM ET: 2026 President Donald J. Trump $1 Coin. These coins are also in circulation, so check your pocket change. Collect them today!" the U.S. Mint declared in a Wednesday morning post on X. But the Trump-emblazoned coins cost a pretty penny — they are priced significantly higher than their $1 face value.TREASURY UNVEILS $1 GOLD COIN WITH TRUMP'S IMAGE ON F
  
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• Mamdani bans generative AI for students until 9th grade in nation's largest school district

  02-09-2026 19:31 via foxbusiness.com
  
  New York City public school students under 9th Grade will be banned from using generative AI for at least one year, Mayor Zohran Mamdani announced Wednesday.Mamdani announced the new rule during a news conference Wednesday morning, saying it is part of a "comprehensive AI policy" for the city's schools. The ban is only a "one-year moratorium" on AI use for students under 9th Grade, and is not a lasting ban for elementary and middle school students."AI has grown from something on the pages of a s
  
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• Chevron expands Venezuela presence with $7B US plan

  02-09-2026 19:13 via cbc.ca
  
  Chevron will invest more than $7 billion US through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the ‌South American country, the U.S. oil major said on Wednesday.
  
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• Amazon warns Mamdani-backed delivery mandate could cost NYC households hundreds every year

  02-09-2026 19:11 via foxbusiness.com
  
  A Democratic-socialist policy backed by Mayor Zohran Mamdani could cost New York City households an extra $664 a year, Amazon warned Fox News Digital, as a union-backed push to require delivery companies to directly employ certain workers could drive some delivery operations out of the five boroughs."We've made clear to every Council member: we’re not looking to leave New York City and our goal has been — and continues to be — to work collaboratively with them," an Amazon spoke
  
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• Lowe's CEO says skilled trades can offer six-figure careers without 4-year degree

  02-09-2026 17:38 via foxbusiness.com
  
  As employers across the country look for skilled workers, the Lowe's Foundation is backing a new effort aimed at creating more pathways into high-paying skilled trades careers that do not require a traditional four-year college degree.Lowe's CEO Marvin Ellison joined "FOX & Friends" co-host Lawrence Jones on Wednesday to discuss the company's push to expand the skilled trades workforce and change perceptions around career paths outside a four-year degree.Ellison said Lowe's is launching the
  
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• NFL has 'big affordability issue' as Activate CEO puts league on notice amid exorbitant streaming costs

  02-09-2026 17:30 via foxbusiness.com
  
  The only thing that will hit harder than the tackles on NFL Sundays this season is the fans' wallets. Michael J. Wolf, the co-founder and CEO of Activate Consulting, a leading strategy and consulting firm, said that the NFL has an affordability issue when it comes to fans being able to watch games. "It is a big affordability issue, and it's just coming down to the value of teams versus the value of the viewer. And so, essentially, what we're taking is we're taking NFL, which is really
  
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• Inflation risks rise with higher fuel costs and new U.S. tariffs, Bank of Canada governor warns

  02-09-2026 15:49 via cbc.ca
  
  The Bank of Canada held its benchmark interest rate steady on Wednesday at 2.25 per cent, in a move widely expected by economists.
  
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• Bank of Canada says inflation risk rising, holds key interest rate at 2.25%

  02-09-2026 15:49 via cbc.ca
  
  The Bank of Canada held its benchmark interest rate steady on Wednesday at 2.25 per cent, in a move widely expected by economists.
  
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• FCC proposes Robocall Scorecard to rate how well providers protect consumers from illegal calls

  02-09-2026 14:41 via foxbusiness.com
  
  EXCLUSIVE: The Federal Communications Commission (FCC) on Wednesday proposed a new consumer tool dubbed a Robocall Scorecard that gives consumers insight into efforts to crack down on illegal robocalls, FOX Business has learned.A public notice was released by the FCC on Wednesday that seeks input on key principles for the creation and usability of a Robocall Scorecard. Those include ensuring that it's easy to understand and accessible to consumers, establishing rating criteria that are relevant
  
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• Canadian Tire and Tim Hortons join forces to link their loyalty programs

  02-09-2026 14:40 via cbc.ca
  
  Under the partnership launched between the restaurant and the home goods company on Wednesday, customers who link their Triangle and Tims Rewards accounts will earn between two and five per cent in Canadian Tire money in addition to Tims points on select Tims purchases.
  
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• Oil giant Chevron strikes agreement to expand Venezuela operations

  02-09-2026 14:31 via foxbusiness.com
  
  Chevron is expanding its footprint in Venezuela under new agreements that call for more than $7 billion in investment over the next five years and aim to more than double production from its joint ventures in the country.The oil giant said Wednesday that the agreements establish updated fiscal, commercial and legal terms for its Venezuelan joint ventures, creating conditions for additional investment, development and production growth.Chevron expects the joint ventures to increase production to
  
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• Private sector added 38,000 jobs in August, below expectations, ADP says

  02-09-2026 14:22 via foxbusiness.com
  
  Companies in the private sector added 38,000 jobs in August, payroll processing firm ADP said in its latest report on Wednesday.The figure is below economists’ estimates of a gain of 48,000 jobs and down from the prior month's revised 46,000 payrolls. August's figure is the lowest since January."Pay can tell us a lot about today's choppy hiring," said Nela Richardson, ADP's chief economist. "To understand hiring patterns, you have to look deeply into where pay growth is accelerating, where
  
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• Apple Maps renames Lake Ontario ‘Lake America’ for US users after Trump order

  02-09-2026 13:23 via foxbusiness.com
  
  Apple Maps is now displaying Lake Ontario as "Lake America" for users in the United States following President Donald Trump’s executive order directing the federal government to rename the Great Lake.FOX Business confirmed the change Tuesday by reviewing Apple Maps, which showed "Lake America" on the map and in the location details for the body of water.Apple confirmed to Reuters that U.S. users will see "Lake America," while users in Canada will continue to see "Lake Ontario." Users elsew
  
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• The U.S. could soon control 20% of Venezuela's oil reserves. Canada's oilpatch isn't worried

  02-09-2026 10:00 via cbc.ca
  
  U.S. President Donald Trump is continuing his pursuit of Venezuela's oil jackpot, announcing a new deal aimed at boosting production in the South American country. And while Trump is flauntingthe potential controlling stake in a portion of Venezuela's oil reserves as a warning to Canada, experts say there is little cause for concern in Western Canada.
  
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• The U.S. could control 20% of Venezuela's oil reserves. Canada's oilpatch isn't worried

  02-09-2026 10:00 via cbc.ca
  
  U.S President Donald Trump is continuing his pursuit of Venezuela's oil jackpot, announcing a new deal aimed at boosting production in the South American country. And while Trump is flauntingthe potential controlling stake in a portion of Venezuela's oil reserves as a warning to Canada, experts say there is little cause for concern in Western Canada.
  
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• Lululemon the latest brand to bet on resale as second-hand clothing becomes big business

  02-09-2026 10:00 via cbc.ca
  
  Shoppers looking to save money on Lululemon apparel have another option. The athletic wear company has launched its resale site in Canada. A 25,000 square foot processing hub in Calgary is at the center of the expansion.
  
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• Weight-loss supplement recalled after FDA finds undeclared toxic substance

  02-09-2026 08:43 via foxbusiness.com
  
  A weight loss supplement has been recalled over two undeclared ingredients, including a toxic substance commonly used as a pesticide and herbicide.Florida-based Ana Salazar Modela Tu Cuerpo Inc. issued a nationwide recall for Lipofit Extreme Fat Burner 2.0. Affected products have a lot number of 25M12F and an expiration date of September 2027.The recall was initiated after an analysis by the Food and Drug Administration revealed the supplement was "tainted with undeclared fluoxetine in the dayti
  
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• DOJ expands beef price investigation to Walmart, Costco, Amazon and other major retailers

  02-09-2026 07:48 via foxbusiness.com
  
  The Department of Justice (DOJ) Antitrust Division on Tuesday said it had expanded its investigation into beef affordability to include eight of the largest grocery retailers in the United States.The expansion comes after the DOJ launched an antitrust probe in May into the "Big Four" meatpackers — JBS, Cargill, Tyson Foods and National Beef — which the department said control more than 85% of the U.S. beef processing market.Tuesday's announcement expands the federal government's scru
  
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• California airport considering scrapping post-9/11 policy that barred goodbyes at terminal gates

  02-09-2026 03:38 via foxbusiness.com
  
  A California airport is considering a major policy shift that would allow non-ticketed visitors to undergo TSA screening and enter secure areas and greet arriving passengers or say goodbye to departing loved ones at the gate.Fresno Yosemite International Airport's potential change would bring back the emotional send-offs and gate-side reunions that were common before the Sept. 11, 2001, terrorist attacks led to heightened airport security measures.Under the post-9/11 policies, access beyond airp
  
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• Nearly 150,000 Ford vehicles recalled after defect raises risk of sudden power loss while driving

  01-09-2026 23:58 via foxbusiness.com
  
  Federal regulators announced a significant safety recall affecting nearly 150,000 Ford Mustang vehicles over a critical defect that could cause a sudden loss of engine power while driving. The recall, dated Aug. 25 and initiated by Ford, affects 148,663 vehicles manufactured between 2024 and 2026, according to the National Highway Traffic Safety Administration (NHTSA). The defect can cause the vehicles to suddenly stall and lose their ability to accelerate or maintain speed, drasticall
  
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• Beloved toy retailer continues comeback with new California store as nostalgic shoppers rejoice

  01-09-2026 23:16 via foxbusiness.com
  
  Toys R Us is bringing its iconic toy aisles back to another American shopping mall as the once-dominant retailer continues a brick-and-mortar comeback that has nostalgic fans buzzing.A new location is coming to Northridge Fashion Center in California’s San Fernando Valley, joining a growing roster of Toys R Us stores opening across the country, years after the chain shuttered its U.S. locations.The mall’s website lists Toys R Us as "Coming Soon," while the retailer’s website no
  
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