Business news

• Dow, Nasdaq hit record highs as rally regains steam

  07-02-2017 17:30 via news.yahoo.com
  
  The S&P 500 is trading at 17.7 times forward 12-month earnings, above the 10-year median of 14.7 times, according to StarMine data. Fourth-quarter earnings are estimated to have risen 8.2 percent - the best in nine quarters.
  
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• Retaliatory tariffs could raise costs for Canadian businesses already weathering the trade war

  26-08-2026 10:00 via cbc.ca
  
  Canada is set to impose retaliatory tariffs on $27.6 billion worth of U.S. goods starting Sept. 8. For some Canadian businesses, these counter-tariffs stand to drive up the costs of the things they make, which could be another difficult blow for companies at a time when many are already impacted by the ongoing trade war with the United States.
  
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• Walmart makes changes to how millions of customers can pay at checkout

  26-08-2026 01:45 via foxbusiness.com
  
  Walmart is rolling out tap-to-pay technology across its U.S. stores, giving shoppers another way to make purchases with contactless cards, smartphones and smartwatches.The retail giant said the payment option will begin appearing at select Walmart stores and Sam’s Club locations starting Aug. 24, with plans to expand it to all U.S. stores and clubs by the end of 2026.Walmart also plans to bring tap-to-pay capabilities to its fuel stations by mid-2027.The checkout expansion comes as Walmart
  
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• Business leaders pay tribute to Dolly Parton after country icon’s death

  25-08-2026 23:53 via foxbusiness.com
  
  Business leaders are paying tribute to Dolly Parton, remembering the country music icon for her cultural impact and philanthropy.Amazon founder Jeff Bezos, Apple CEO Tim Cook and Thrive Global founder Arianna Huffington took to X to honor Parton’s legacy after she died peacefully Tuesday in Nashville, Tennessee, at age 80.HOW DOLLY PARTON BUILT A LEGACY OF GIVING BEYOND COUNTRY MUSICBezos said Parton "spent her whole life showing us what it means to lead with love.""Lauren and I are so gra
  
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• LeBron James' LLC was in business with Mark Walter's company, who is now under investigation for fraud: report

  25-08-2026 23:49 via foxbusiness.com
  
  LeBron James had been in business with Mark Walter, whose business empire is under scrutiny from both federal prosecutors and the Securities and Exchange Commission in tax fraud investigations, long before he joined the Los Angeles Lakers. Months before he signed with the Lakers in 2018, a limited liability company James controls borrowed $300 million from a pair of Midwestern life insurers advised by an arm of Guggenheim Partners, according to Bloomberg's report. Walter was the CEO of Gugg
  
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• Disney offers voluntary early retirement packages to longtime executives amid restructuring push

  25-08-2026 22:50 via foxbusiness.com
  
  Disney is moving forward with a program allowing longtime employees in certain roles the opportunity to accept an early retirement package ahead of anticipated restructuring.The entertainment giant outlined the voluntary early retirement offer (VERO) available to tenured executives who meet eligibility criteria in an internal email sent by Disney Chief People Officer Sonia Coleman, which was reviewed by FOX Business. The early retirement program was first reported by Deadline.Coleman's note said
  
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• How Dolly Parton built a legacy of giving beyond country music

  25-08-2026 22:12 via foxbusiness.com
  
  Country music icon Dolly Parton, who died Tuesday in Nashville, spent decades turning her success into support for children, medical research and communities recovering from disasters.One of Parton’s best-known philanthropic efforts, Dolly Parton’s Imagination Library, has distributed more than 332 million free books since its founding, according to the organization's website.The program mails free books each month to children from birth to age 5. It launched in Sevier County, Tennes
  
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• Loblaw backtracks on dropping country-of-origin produce labels after customer backlash

  25-08-2026 21:37 via cbc.ca
  
  Loblaw has reversed course on its decision earlier this month to drop country-of-origin labeling on produce signs in its stores in most provinces, following customer backlash.
  
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• Canada's big banks are shrugging off Trump's trade war

  25-08-2026 21:35 via cbc.ca
  
  Top executives at the Bank of Montreal and Scotiabank separately referred to the Canada-U.S. trade situation as "manageable" on Tuesday.
  
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• Thyroid medication recalled nationwide after tablets found to be 'superpotent': FDA

  25-08-2026 21:33 via foxbusiness.com
  
  Vitruvias Therapeutics is recalling one lot of thyroid medication distributed nationwide after testing found the tablets could be more potent than intended, according to a recall notice published by the U.S. Food and Drug Administration (FDA).The Auburn, Alabama-based company voluntarily recalled Lot 504950 of Thyroid Tablets, USP 30 mg at the consumer level because of the potential for the medication to be "superpotent." The FDA published the company announcement Monday.Taking superpotent
  
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• Dick's Sporting Goods stock plunges as retailer warns athleticwear demand is weakening

  25-08-2026 21:11 via foxbusiness.com
  
  Dick's Sporting Goods on Tuesday revised its 2026 outlook and warned of weakening consumer demand for athletic apparel and footwear.The sports apparel and footwear retailer's stock declined over 29% during Tuesday's trading session, on pace for a record one-day percentage drop if the losses hold, after it also missed second-quarter estimates and reversed expectations for annual comparable sales growth at Foot Locker.Dick's acquired Foot Locker for $2.4 billion last year to boost its presence in
  
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• Retirement plans may be sharing or selling Americans' personal data, watchdog warns

  25-08-2026 20:59 via foxbusiness.com
  
  A new report by the Government Accountability Office (GAO) warns Americans' retirement plans may be sharing or selling personal information that can be used to market financial products and services.Over 126 million Americans are enrolled in employer-sponsored retirement plans, such as a 401(k) or similar account, with total assets in those plans exceeding $9 trillion, according to the GAO.Those plans are typically administered by external providers of financial services and the report explained
  
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• Better Bakehouse recalls chocolate-dipped donuts following allergic reaction, mislabeling issue

  25-08-2026 20:41 via foxbusiness.com
  
  A snack company is recalling certain lots of donuts after an allergic reaction was reported, the U.S. Food and Drug Administration (FDA) said Monday.The Better Bakehouse Snack Company said select lots of Donutful Chocolate Dipped Vanilla Cake Donuts were being recalled because the product may contain undeclared milk.The manufacturer discovered the donuts were mislabeled and has taken "corrective measures," the FDA said.FDA WIDENS CYCLOSPORA OUTBREAK INVESTIGATION TO SIX MORE STATES AS CONFIRMED
  
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• United Airlines adds new routes, largest international expansion in company's history

  25-08-2026 18:42 via foxbusiness.com
  
  United Airlines announced on Tuesday that it is adding new routes from the U.S. to Europe and Asia, the largest international network expansion in company history.Beginning as early as March 2027, United will fly to 10 new international cities across Europe and Asia, with flights originating from its hubs in San Francisco, Washington, D.C., and Newark, N.J. The airline currently flies to more international destinations than any other U.S. carrier."The creative and strategic way we've expanded ou
  
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• Tesla raises Cybertruck prices on 2 US models

  25-08-2026 16:42 via foxbusiness.com
  
  Tesla raised prices on two versions of its Cybertruck pickup in the U.S. on Tuesday, increasing their starting costs by $5,000.The electric vehicle maker raised the price of the Cybertruck Dual Motor to $74,990 and the Premium All-Wheel Drive model to $84,990, according to Tesla's website.Tesla's online configurator, reviewed by FOX Business, lists the Premium All-Wheel Drive Cybertruck at $84,990, while the company's top-end Cyberbeast remains priced at $99,990.The Premium All-Wheel Drive model
  
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• Panda Express guest stunned as employee stands on fryer while cleaning

  25-08-2026 16:36 via foxbusiness.com
  
  A video has emerged purportedly showing a Panda Express employee stepping around food while cleaning a frying station, as meals were being prepared. Paul Elisha Finger, who captured the footage, told Storyful that he "noticed the gentleman jump on the fryer that the lady had just put food into" when he visited a Panda Express location in Milwaukee, Wisconsin, in early July. The worker then "started spraying the chemical and wiping [while] standing right over the food," accord
  
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• Vet Tix hits incredible milestone in effort to help military veterans and their families

  25-08-2026 15:33 via foxbusiness.com
  
  Vet Tix surpassed an incredible milestone, as it has now handed out 40 million free event tickets to veterans, active military members, former and current first responders, and their families across all 50 states. Vet Tix began as a grassroots effort in a garage in Phoenix in 2008, and today, the nonprofit organization has grown into the nation’s largest Veteran Service Organization, serving more than 2.8 million members. They announced their milestone in a press release on Tuesday.&n
  
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• Walmart launches new fashion brand with most items priced under $25

  25-08-2026 14:01 via foxbusiness.com
  
  Walmart is making a new play for younger, style-conscious shoppers with a women’s fashion brand offering most items for less than $25.The retail giant is rolling out Scenario, a modern bohemian collection featuring apparel, shoes, jewelry, handbags and other accessories, at all of its stores.The launch includes 280 styles, according to Walmart."We’ve been on a journey to democratize fashion by focusing on expanding our assortment, elevating the experience in-store and online, reachin
  
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• Trump's tariffs risk higher prices for AI, video games, cellphones: experts

  25-08-2026 10:00 via cbc.ca
  
  While autos and steel have taken centre stage in the Canada-U.S. trade war, experts say prices rising tariffs could rise prices for electronics, including the physical components behind AI.
  
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• How Canadian content on streaming platforms became a trade issue with the U.S.

  25-08-2026 10:00 via cbc.ca
  
  The fight between Canada and the U.S. on trade isn’t just about dairy, car parts and natural resources. The two countries have been in a lengthy dispute over whether American streaming services like Netflix and Disney Plus should have to promote and pay for Canadian content.
  
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• Canada plans tariff retaliation after Trump warns its leaders to 'fall in line'

  25-08-2026 08:51 via foxbusiness.com
  
  Canada is set to announce details of retaliatory tariffs against the U.S. on Tuesday after relations between the two countries deteriorated sharply Monday.U.S. President Donald Trump warned Canadian leaders on Monday to "fall in line" or face consequences "far WORSE" than existing tariffs and Canadian Prime Minister Mark Carney accused the U.S. government of attempting to subordinate Canada.The U.S. imposed new 50% tariffs on Canadian goods such as wine, furniture and dairy products, while Carne
  
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• Target pulls 'offensive' Halloween costume critics accused of evoking blackface: 'We are deeply sorry'

  25-08-2026 05:13 via foxbusiness.com
  
  Target has apologized for a circus clown Halloween costume that critics accused of evoking blackface and 19th-century minstrel shows following online backlash.The costume was sold as the "Kids' Glows Under ‌Blacklight Circus Clown Halloween Costume," according to the since-deleted listing. The costume was sold as part of the retailer's seasonal Hyde and EEK Boutique brand.Target removed the "offensive" costume and said that it should never have been featured in its stores.TARGET R
  
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• Bessent says Treasury auctions will continue as usual despite expanded buyback program

  25-08-2026 01:29 via foxbusiness.com
  
  Treasury Secretary Scott Bessent said on Monday that the regularly scheduled Treasury auctions of U.S. debt are expected to continue per usual after his agency announced an increase in the size of buybacks of longer-dated securities.Bessent spoke Monday at a press conference to discuss a new plan for the "economic asphyxiation" of the Iranian regime through the implementation of secondary sanctions on Iran's trading partners.During the press conference, the Treasury secretary was asked about whe
  
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• Buc-ee’s CEO signals expansion shift away from blue states that ‘don’t appreciate’ chain

  25-08-2026 01:10 via foxbusiness.com
  
  Buc-ee’s CEO suggested recently that the Texas-based travel center chain may be done looking into blue districts, saying some communities do not appreciate what the company brings while conservative states offer business-friendly and family-oriented values.Arch "Beaver" Aplin III, the company’s president and co-founder, made the comments during the grand opening of Buc-ee’s newest location in Benton, Arkansas on August 17. The chain is known for its expansive gas stations, famo
  
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• Jersey Mike’s alums look to ‘run it back’ with fast-casual chain Dog Haus targeting 300 locations

  25-08-2026 00:59 via foxbusiness.com
  
  Several former Jersey Mike’s executives and franchisees are reuniting at Dog Haus, betting the lessons they learned helping build the submarine sandwich giant can turn the fast-casual restaurant chain into a national powerhouse.Dog Haus recently named former Jersey Mike’s chief innovation officer James Field as chief marketing officer. He joins President and Chief Development Officer Chris Rigassio and Chief Operating Officer Garen Khodaverdian, both former Jersey Mike’s franch
  
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• Hamilton steelworkers union, business leaders warn of harder times ahead as Ford promises tariff relief

  25-08-2026 00:38 via cbc.ca
  
  As U.S. President Donald Trump threatens further tariffs on steel, business leaders and politicians in Hamilton are calling for unity and support for workers. "We have to withstand the economic pain that will come with this fight," Premier Doug Ford says, promising to further help tariff-affected businesses.
  
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• Raiders announce $25M grant to help build Nevada's first stand-alone children's hospital

  25-08-2026 00:00 via foxbusiness.com
  
  The Raiders continue to impact the Las Vegas community, as they announced their largest philanthropic commitment in the franchise’s history on Monday. The Raiders and Intermountain Health announced a $25 million gift to help build Nevada’s first-ever stand-alone children’s hospital. The gift by the Raiders was led by owners Mark Davis, Egon Durban, and Michael Meldman, who each contributed $5 million toward the hospital’s development. The Raiders committed an ad
  
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• IBM continuing to enhance fan experience with new AI-powered features for US Open, including Serve Quality

  24-08-2026 23:37 via foxbusiness.com
  
  The U.S. Open is back in Queens this week, as the final Grand Slam of the year brings millions of fans together at the USTA Billie Jean King National Tennis Center to witness some of the best men’s and women’s players in the world competing for glory. As fans gear up to soak in hundreds of matches over the next couple of weeks, IBM and the United States Tennis Association announced new and enhanced AI-powered fan features within the popular U.S. Open app and USOpen.org for this
  
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• WestJet flight attendants vote to ratify new collective agreement

  24-08-2026 23:01 via cbc.ca
  
  WestJet flight attendants have ratified a new collective agreement with the airline, with a 90.2 per cent vote in favour of the agreement.
  
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• Tens of thousands of jobs, half a point off GDP: Canada-U.S. trade war by the numbers

  24-08-2026 22:55 via cbc.ca
  
  With fresh 50 per cent tariffs in place on all kinds of Canadian products, individual business owners have stressed these levies could cut off their sales to the U.S. But what could the tariffs mean for Canada's GDP and jobs? Here's what you need to know.
  
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