Business news

• 'Firefly,' 'Barney Miller' star Ron Glass dies at 71

  27-11-2016 04:16 via cnet.com
  
  Glass, who earned fans with his TV characters Shepherd Book and Detective Ron Harris, has died. Nathan Fillion, Joss Whedon and other co-stars pay tribute to him online.
  
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• Canada's economy has found its footing. But is it enough to survive the U.S. trade war?

  28-08-2026 22:00 via cbc.ca
  
  GDP growth surged in the spring. Exports, business investment and household spending showed how Canada can weather the trade war storm. The question is whether it can last.
  
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• More U.S. rate hikes possible with inflation still elevated, Federal Reserve chair Kevin Warsh says

  28-08-2026 19:52 via cbc.ca
  
  U.S. Federal Reserve chair Kevin Warsh said Friday that inflation is still too high and suggested the country's central bank may have to raise interest rates in the coming months to bring it down.
  
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• Interprovincial trade barriers are falling. But rewriting old rules will take time

  28-08-2026 16:14 via cbc.ca
  
  The collapse of talks with the United States has added urgency to reducing trade barriers within Canada. But experts say it's not a simple fix.
  
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• Canada's economy grew by 3.3% in the second quarter, showing sharp recovery

  28-08-2026 14:42 via cbc.ca
  
  Canada's economy rebounded sharply in the second quarter after ‌six months of virtually no growth, aided by strong jump in exports and solid domestic demand, data showed on Friday.
  
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• Canada's economy grew by 3.3% annualized in the second quarter, showing sharp recovery

  28-08-2026 14:42 via cbc.ca
  
  Canada's economy rebounded sharply in the second quarter after ‌six months of virtually no growth, aided by strong jump in exports and solid domestic demand, data showed on Friday.
  
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• Canada's economy grew a strong 3.3% annualized in second quarter, as first quarter revised higher

  28-08-2026 14:42 via cbc.ca
  
  Canada's economy posted strong growth in the second quarter, driven by high exports and domestic investments. After a slight decline in GDP growth in the first quarter led to fears of a technical recession, an upwards revision of those figures puts those notions in the 'trash bin,' according to one economist.
  
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• Canada's economy grew a strong 3.3% annualized in 2nd quarter, as 1st quarter revised higher

  28-08-2026 14:42 via cbc.ca
  
  Canada's economy posted strong growth in the second quarter, driven by high exports and domestic investments. After a slight decline in GDP growth in the first quarter led to fears of a technical recession, an upwards revision of those figures puts those notions in the "trash bin," according to one economist.
  
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• Massive lettuce-linked outbreak expands to 3 more states with over 11,000 illnesses

  28-08-2026 09:06 via foxbusiness.com
  
  The massive cyclosporiasis outbreak linked to iceberg lettuce and thousands of illnesses has expanded to three new states, federal health regulators announced Thursday.The Food and Drug Administration (FDA) said the outbreak, which has been linked to hundreds of hospitalizations and two deaths since illnesses were first reported in July, has now been detected in Georgia, Tennessee and Texas.There have now been 11,458 illnesses reported across 20 states, according to the FDA.The FDA added the thr
  
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• Dunkin' opened its first-ever dog drive-thru with treats and toys for pups on National Dog Day

  28-08-2026 08:43 via foxbusiness.com
  
  Dunkin' and BARK opened their first-ever official dog drive-thru experience in Quincy, Massachusetts for National Dog Day.At the Dunkin’ in Quincy for one day only on Wednesday, one drive-thru lane remained open for guests, while the second lane was reserved for dogs to enjoy dog treats and limited-edition BARK x Dunkin’ bandanas, while plush toys from the new BARK x Dunkin’ collection were available with a donation to the Dunkin’ Joy in Childhood Foundation."For years, d
  
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• Laser-wielding mosquito killer hits market promising to track and zap backyard pests midair

  28-08-2026 03:53 via foxbusiness.com
  
  A Chinese startup is giving the humble bug zapper a sci-fi glow-up, betting Americans will shell out nearly $1,000 for a laser-equipped machine that hunts mosquitoes in midair.Photon Matrix is selling an indoor version of its laser mosquito air defense system for $988, while its outdoor blue laser model starts at $1,088. The company says the device uses lidar, radar and AI vision to detect and confirm mosquitoes before aiming a precision laser at the insects.The outdoor version is designed for p
  
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• DOJ plans to revive maritime prize courts to seize Iranian oil tankers as war prizes: report

  27-08-2026 23:34 via foxbusiness.com
  
  The Department of Justice is planning to reactivate maritime prize courts in an effort to make it easier to claim Iranian oil tankers as war prizes to help offset the cost of the war, according to a new report.Utilizing prize courts would give the government a clearer path to legally claiming ships seized by the U.S. Navy in the course of its enforcement of a naval blockade of Iran as the government's property. That process would allow the government to sell oil or other cargo from the ship
  
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• 'Measured confidence': RBC, TD Bank, CIBC share optimistic outlook for Canada's economy

  27-08-2026 22:06 via cbc.ca
  
  Three of Canada's big banks shared cautiously sunny outlooks for the economy on Thursday, sharply contrasting expressions of anxiety and frustration from scores of smaller businesses grappling with the fresh reality of a full-blown trade war with the United States.
  
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• McDonald’s shakes up fall coffee lineup as pumpkin spice season heats up

  27-08-2026 22:06 via foxbusiness.com
  
  McDonald’s is giving its fall beverage lineup a shake-up with a new seasonal flavor that moves beyond pumpkin spice.The fast-food giant announced Aug. 17 the launch of Caramel Apple Pie coffee drinks for a limited time at participating restaurants nationwide, combining apple and caramel flavors with McDonald’s coffee."Step aside pumpkin spice, there’s a new flavor in town!" McDonald's said on its website.MCDONALD'S BRINGING BACK FRIED APPLE PIE TO CELEBRATE AMERICA'S 250TH BIRT
  
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• American Airlines bets big on international travel with 7 new routes

  27-08-2026 21:45 via foxbusiness.com
  
  American Airlines is expanding its international network in 2027 with seven new routes, three new destinations and more service between New York and London.The Texas-based carrier said Thursday that all its newly announced summer routes will operate daily. Tickets go on sale Aug. 31 through American's website and mobile app."Our international network has expanded to offer destinations to satisfy every travel palate," American’s Senior Vice President of Network and Schedule Planning Brian Z
  
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• OpenAI, 100+ companies warn of coming surge in AI-powered cyberattacks, call for global defense push

  27-08-2026 21:36 via foxbusiness.com
  
  OpenAI released a letter Thursday warning that within months, artifical intelligence (AI) models could become powerful enough to allow bad actors to launch increasingly sophisticated cyberattacks on hospitals, water treatment plants and other critical infrastructure.More than 100 other companies across banking, tech and cybersecurity signed the letter, including Accenture, Anthropic, Capital One, Google, Microsoft and Visa.Hugging Face, an open-source AI model repository whose systems were hacke
  
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• Parent activist says Meta settlement is 'peanuts,' calls on Zuckerberg to speak out

  27-08-2026 20:23 via foxbusiness.com
  
  Parent activists say Meta's $17 billion settlement in a child social media addiction lawsuit is "peanuts," and more needs to be done to protect children on social media.Activist Cheryl Brown lost her daughter, McKenna, to cyberbullying and sexual harassment and is now leading the charge to hold Meta accountable for how it treats young users.She told FOX Business in an interview that while Meta agreed to make some changes following the lawsuit, the issue still requires an act of Congress."It's a
  
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• Atlanta woman who ripped off Amazon for nearly $10M to buy luxury sports cars learns sentence

  27-08-2026 19:46 via foxbusiness.com
  
  An Atlanta woman who participated in a scheme that defrauded Amazon out of nearly $10 million was sentenced to over 16 years in federal prison on Wednesday, the Justice Department announced.The U.S. Attorney's Office for the Northern District of Georgia said in a release that Brittany Hudson was sentenced to 16 years and three months in federal prison after she and her partner used a business relationship with Amazon to defraud the e-commerce giant.Hudson was convicted in March of 30 felony offe
  
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• California McDonald's worker accused of shooting colleague in restaurant before police intervene

  27-08-2026 19:39 via foxbusiness.com
  
  A California McDonald’s employee allegedly shot a co-worker inside the restaurant Monday morning before the armed suspect was killed when responding officers confronted him, authorities said.The Lodi Police Department said officers responded to the McDonald’s on West Lodi Avenue at approximately 9:30 a.m. after dispatchers received a report of an armed suspect inside the restaurant.When officers arrived, they heard gunfire coming from inside and discovered an employee who had been sh
  
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• Enbridge signs deal with KKR and Apollo to fund Westcoast pipeline expansion

  27-08-2026 18:49 via cbc.ca
  
  Enbridge Inc. has signed a deal with KKR and Apollo to form a joint venture to help fund the expansion of its Westcoast natural gas pipeline system.
  
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• NYC-area chamber of commerce CEO blasts Mamdani grocery plan as 'disastrous' amid legal fight

  27-08-2026 17:36 via foxbusiness.com
  
  Greater New York Chamber of Commerce President and CEO Mark Jaffe, a founder and legal counsel for the Multicultural Business Coalition that is involved in suing over New York City Mayor Zohran Mamdani's controversial plans to open government-linked grocery stores in the Big Apple, described the initiative as "disastrous" for business owners, slamming the Democratic socialist's administration as "heartless.""Government should not be in the business of taking out private enterprise. That is not w
  
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• General Mills ditches artificial colors in Lucky Charms, Trix

  27-08-2026 15:35 via foxbusiness.com
  
  Food-manufacturing giant General Mills announced that all of its U.S. cereal offerings are now created without "certified colors."The company said it intends to remove "certified colors," which it notes are "also known as synthetic color additives," from all of its U.S. products by the end of next year."With all U.S. cereals – including Lucky Charms and Trix – now free from certified colors, 90% of General Mills’ U.S. retail portfolio has completed the transition," the food gia
  
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• Chapman’s Ice Cream pledges no price increase as Ontario company shifts away from U.S. suppliers

  27-08-2026 15:32 via cbc.ca
  
  Ontario company Chapman’s Ice Cream says it's moving to replace more than 70 per cent of its ingredients from the U.S. by mid-2027, promising no price increases until March 2028.
  
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• Burger King revamps menu item after customers sought 'total overhaul'

  27-08-2026 15:26 via foxbusiness.com
  
  Burger King is giving its chicken nuggets a makeover after customers told the fast-food chain the product was falling short.The company said it received thousands of calls, texts and comments from guests earlier this year criticizing its nuggets as "rubbery," "dry" and "disappointing," prompting Burger King to rethink the item.The revamped nuggets, along with a refreshed lineup of dipping sauces, will be available beginning Sept. 1, according to the company."We take Guest feedback seriously, and
  
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• Federal government removes seafood and fish products from counter-tariff list

  27-08-2026 15:22 via cbc.ca
  
  Finance Canada has removed fish and seafood products from a list of counter-tariffed items, just a day after the government initially hit back at the U.S. with retaliatory measures.
  
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• Canadian seafood industry 'relieved' with removal of their products from retaliatory tariff list

  27-08-2026 15:22 via cbc.ca
  
  Finance Canada has removed fish and seafood products from a list of counter-tariffed items, just a day after the government initially hit back at the U.S. with retaliatory measures. For those in the industry, its a massive relief from measures many say could have had devastating consequences.
  
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• Nvidia CEO Jensen Huang rips 'the Band-Aid off' as AI chip giant resets expectations

  27-08-2026 12:00 via foxbusiness.com
  
  Nvidia CEO Jensen Huang defended his decision to "rip the Band-Aid off" on the company’s gross margins as the chip giant continues to power some of the world’s most advanced artificial intelligence models.The CEO addressed reports of potential 15% price hikes while touting the company’s job creation as Nvidia employs roughly 42,000 people worldwide."This quarter we decided that we would rip the Band-Aid off, reset expectations about our gross margins, and just explain to people
  
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• Fed Chair Warsh faces Jackson Hole spotlight with inflation, rate path in focus

  27-08-2026 12:00 via foxbusiness.com
  
  Federal Reserve Chair Kevin Warsh is set to deliver the first keynote speech of his chairmanship at the annual Jackson Hole Economic Policy Symposium on Friday amid uncertainty over stubborn inflation.Policymakers from the Fed and various central banks around the world will gather in Jackson Hole, Wyoming, to discuss monetary policy and the economy, with Warsh delivering his widely anticipated speech on Friday morning.Warsh, who was confirmed as Fed chair in May and has since led his first two m
  
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• Consumers say 'resolve is strengthened' to buy Canadian, bringing patriotic shopping movement back to life

  27-08-2026 10:00 via cbc.ca
  
  As trade war tensions between Canada and the U.S. ratchet up again, some shoppers are digging in their heels when it comes to buying Canadian. And that's driving more traffic to tools that help connect shoppers with Canadian-made products and home-grown businesses.
  
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• American ranchers face historic cattle shortage as Trump vows to lower beef prices

  27-08-2026 08:08 via foxbusiness.com
  
  American ranchers are facing the smallest cattle herd in 75 years as the Trump administration rolls out a plan to lower beef prices and rebuild the herd. President Donald Trump on Friday revealed his plan to waive higher tariffs on beef imports for 90 days. The plan would allow 300,000 metric tons of foreign beef to be sold 25% below the current market value. A pound of USDA Choice beef cost an average of $10.49 in August."This deal will reduce prices for Americans while giving space for ou
  
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