Business news

• George Soros says Trump will fail and market's dream will end

  19-01-2017 22:56 via news.yahoo.com
  
  The billionaire investor George Soros said on Thursday that global markets will falter given the uncertainty of incoming U.S. President Donald Trump's policies. "Right now uncertainty is at the peak," Soros told Bloomberg News at his annual media dinner held at the World Economic Forum in Davos, Switzerland. "I don't think the markets are going to do very well." Stocks in the United States surged after Trump's Nov. 8 election victory.
  
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• Americans heating their homes this winter face a stark cost divide

  07-10-2026 22:04 via foxbusiness.com
  
  American households have been facing higher energy prices this year and as colder weather approaches this winter, they may face higher heating bills for their homes depending on the type of fuel used.The Energy Information Administration (EIA), the Energy Department's main analytical agency, released its winter fuels outlook on Tuesday, which said that the agency's "expectations this winter vary because of diverging trends in energy price among fuels and regional variation in forecast temperatur
  
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• Walmart expands drone delivery to 2 major US cities

  07-10-2026 20:26 via foxbusiness.com
  
  Walmart and Alphabet-owned Wing are expanding their drone delivery service to the Seattle and Denver metro areas next year, bringing the service to nearly 20 major U.S. markets.The expansion is part of the companies' ongoing plan to offer drone delivery from more than 270 Walmart stores nationwide, according to an announcement Monday from Wing."Adding new metros to our expansion speaks to how quickly people across the country are adopting drone delivery," Heather Rivera, chief business officer a
  
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• President celebrates automatic enrollment of 70 million Trump Accounts for children

  07-10-2026 20:12 via foxbusiness.com
  
  President Donald Trump held a press conference Wednesday at the Oval Office celebrating the automatic enrollment of millions of American children in his "Trump Accounts."The Treasury Department announced last week that every eligible child under 18 with a valid Social Security number now has a Trump Account, bringing the total to roughly 70 million accounts, according to the White House.Parents or guardians must still claim their child's automatically enrolled account before they can manage it o
  
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• Jaguar unveils $130K EV after 'woke' rebrand backlash

  07-10-2026 19:01 via foxbusiness.com
  
  Jaguar has unveiled the first production model from its sweeping reinvention, nearly two years after a rebranding campaign drew backlash from critics who called it "woke."The all-electric Jaguar Type 01, unveiled Tuesday in New York, is a four-door luxury grand tourer with a U.S. starting price of $130,500. Orders are expected to open in early 2027, with initial customer deliveries anticipated in the second half of the year.The launch represents a major test of Jaguar’s strategy to move up
  
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• OpenAI launches college planner in ChatGPT for Teens to track applications, financial aid

  07-10-2026 18:03 via foxbusiness.com
  
  OpenAI on Wednesday announced that it's adding a college planner tool to its ChatGPT for Teens along with new study features on the platform.The artificial intelligence (AI) giant announced that its college planner feature will launch in ChatGPT for Teens in the next few weeks, with the planner helping to organize application requirements, deadlines, tasks and financial-aid steps across the colleges the user is considering.OpenAI's announcement said the initial experience is being designed for U
  
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• Weston family's holding company to buy U.K. pharmacy chain Boots for $12.7B

  07-10-2026 16:40 via cbc.ca
  
  The Weston family holding company Wittington Investments said Wednesday that it will purchase the U.K. chain Boots for $8.9 billion US, including debt, from private equity firm Sycamore Partners. Boots is one of Britain's most prominent retailers.
  
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• Immigrant who defended American dream against socialism fires back at critics, warns: 'Don't be fooled'

  07-10-2026 12:00 via foxbusiness.com
  
  As persistent inflation and squeezed household budgets leave millions of Americans feeling financially stretched, democratic socialist leaders are pitching rent controls and greater government involvement in the economy as an equalizer.Patrice Onwuka, vice president for economic policy at Independent Women, is pushing back after her defense of capitalism and the American dream drew criticism online, warning Americans not to be swayed by what she calls the socialist "pipe dream."On Aug. 26, Onwuk
  
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• South Korean megachurches investigate suspected cyberattacks affecting hundreds of thousands

  07-10-2026 07:29 via foxbusiness.com
  
  The personal data of hundreds of thousands of people may have been exposed following suspected cyberattacks on two South Korean megachurches.Seoul's Yoido Full Gospel Church and Sarang Church said they are investigating the attacks, which could potentially affect hundreds of thousands of congregants.Cybersecurity company Oasis Security said it discovered attack records and account information on an overseas server containing data linked to the two churches.According to the company, records of th
  
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• Amazon crash attorneys say pilot pairing may have been key flaw behind fatal incident

  07-10-2026 00:47 via foxbusiness.com
  
  Attorneys for the victims of last month’s fatal Amazon crash blasted the company and its operator after federal investigators revealed potential pilot error in preliminary findings, saying the deadly accident could have been "100% preventable." Mark Lopez-Trigo and Joshua Padron spoke to Fox Business on behalf of the sons of Julio Pineda, the 75-year-old man who was killed when the cargo jet overshot the runway during landing, crashed through the airport perimeter road and slammed int
  
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• LARRY KUDLOW: Democratic talk of affordability is absolutely hilarious

  07-10-2026 00:23 via foxbusiness.com
  
  You just have to love it, while these Democratic candidates are out there tweeting and chirping and criticizing President Trump and the GOP on the issue of affordability. Hahaha. In the first place, Mr. Trump way back in 2016 invented the term affordability, amidst much derision as he successfully ran in his first term. Now with a temporary gasoline spike from the Iran war, Democrats have latched on to the term affordability as some kind of midterm election life raft. I don’t believe
  
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• Fruit of the Loom, Hanes investigated over potential toxic chemicals in children's underwear

  06-10-2026 23:58 via cbc.ca
  
  Texas Attorney General Ken Paxton launched an investigation on Tuesday into whether Fruit of the Loom and Hanes use toxic chemicals in producing ‌children's underwear.
  
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• Colleges are slashing tuition prices as students balk at soaring costs

  06-10-2026 22:41 via foxbusiness.com
  
  Young Americans are reconsidering the value of a college degree given the high cost of college and the prospect of taking on student loan debt, which is prompting some colleges and universities to cut tuition costs to attract students and boost enrollment.A report by Bloomberg noted that several colleges and universities have announced plans to lower their tuition either this year or in the next academic year when students arrive on campus in fall 2027. For example, Emory & Henry University
  
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• Want cheaper holiday flights? Here’s when to book

  06-10-2026 21:52 via foxbusiness.com
  
  Google is offering travelers tips on the best times to book holiday travel to save on airfare, using tools based on historical Google Flights data.The tech giant published a blog post on Monday that outlined how to utilize its tools whether you already know your destination and travel dates or have the flexibility to make adjustments to your holiday plans.The Google post raised the question many travelers face between buying their tickets for holiday travel today or waiting to see if fares will
  
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• Trump’s Energy chief says truckers could see diesel relief within days after executive order

  06-10-2026 20:29 via foxbusiness.com
  
  Truckers could begin seeing relief from high diesel prices as soon as Saturday, Chris Wright said, after President Donald Trump signed an executive order aimed at temporarily expanding highway access to red-dyed diesel and providing relief from certain federal diesel-tax penalties and payments.U.S. Energy Secretary Chris Wright joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the administration’s push to bring down diesel prices as tight global supplies continue to
  
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• Starbucks sued for allegedly mislabeling 'sugar-free' protein drinks

  06-10-2026 20:00 via foxbusiness.com
  
  Starbucks is facing a proposed class-action lawsuit alleging the coffee giant misleadingly markets eight protein beverages as "Sugar-Free" despite the drinks containing naturally occurring sugar from milk.The lawsuit, filed Friday in the U.S. District Court for the Western District of Washington, alleges Starbucks' "Sugar-Free" protein drinks contain between 13 and 21 grams of sugar per venti serving. The plaintiffs contend the product names violate federal regulations governing "sugar-free" lab
  
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• Union Pacific CEO makes case for $85B Norfolk Southern merger amid pushback

  06-10-2026 18:43 via foxbusiness.com
  
  First on FOX Business: Two of the country’s largest freight rail companies are hoping federal regulators fast-track their merger.Union Pacific is seeking to acquire Norfolk Southern in an $85 billion deal that would create the nation’s first transcontinental railroad, including 50,000 miles of track across almost every state.The merger is awaiting approval from the Surface Transportation Board (STB), an independent federal agency tasked with regulating the rail industry."We know that
  
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• McDonald's Monopoly returns with $1M prize, new digital gameplay

  06-10-2026 17:25 via foxbusiness.com
  
  McDonald's is bringing back its Monopoly promotion Tuesday, giving customers a shot at prizes ranging from free food to $1 million in cash.The fast-food giant's limited-time game returns Oct. 6 with its familiar peel-off pieces, but gameplay will now be handled through the McDonald's app. Customers can peel a game piece from eligible food packaging and scan it in the app to redeem prizes or participate in additional games.The promotion comes with a sizable slate of prizes, including a top $1 mil
  
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• Ottawa gives Stelco's U.S. owner 5 days to share plan to keep jobs

  06-10-2026 16:56 via cbc.ca
  
  Ottawa has given the U.S. owner of Stelco five business days to share a plan to maintain jobs at the Hamilton steelmaker or face potential legal action.
  
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• Emera to buy Canadian Utilities to create $72B energy 'powerhouse'

  06-10-2026 16:24 via cbc.ca
  
  The new company will operate as Emera and maintain its public company headquarters in Halifax. The merged company will be one of Canada's largest utilities.
  
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• Emera to acquire Canadian Utilities in $14.3-billion deal

  06-10-2026 16:24 via cbc.ca
  
  The new company will operate as Emera and maintain its public company headquarters in Halifax. The merged company will be worth about $72 billion and will be one of Canada's largest utilities.
  
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• Emera, Canadian Utilities merger to create one of North America's largest utilities

  06-10-2026 16:24 via cbc.ca
  
  The new company will operate as Emera and maintain its public company headquarters in Halifax. The merged $72 billion company would rank among the continent's largest utilities, with the scale necessary to seize opportunities from skyrocketing power demand.
  
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• Canada's trade surplus widens to more than 4-year high in August, as front-loading ramps up

  06-10-2026 15:36 via cbc.ca
  
  Canada's trade surplus with the U.S. hit a 19-month high in August, Statistics Canada reported on Tuesday.
  
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• Trump admin invoking Defense Production Act for new Alaska power grid project touted by Vance

  06-10-2026 15:01 via foxbusiness.com
  
  Vice President JD Vance announced a major federal boost to Alaska's power grid on Monday, granting $150 million in Defense Production Act (DPA) funding to develop a new major power line.Vance announced the move in tandem with the Department of Energy and the Alaska Energy Authority, with officials saying the grid will reduce energy costs for 75% of Alaska residents.The Beluga-Healy Transmission Project will create a second high-voltage connection between the south-central and interior of Alaska,
  
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• California Republicans warn cartel-linked avocado imports threaten US growers

  06-10-2026 12:00 via foxbusiness.com
  
  A group of California Republicans is urging the Trump administration to curb "harmful surges" of Mexican avocado imports, warning that cartel influence over Mexico's avocado trade is threatening U.S. growers.In a letter Monday to U.S. Trade Representative Jamieson Greer, seven Republican members of California's congressional delegation called for "reasonable and enforceable" limits on sudden avocado import surges as part of negotiations over the U.S.-Mexico-Canada Agreement (USMCA).The letter wa
  
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• Whey up: Protein powder prices soar as global demand grows

  06-10-2026 10:00 via cbc.ca
  
  Food manufacturers and fast food companies are cramming whey protein into everything. That’s causing shortages of the ingredient and pushing prices to record highs. Now whey protein is also a target in the U.S.-Canada trade war - increasing costs that may end up being passed on to customers.
  
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• Workers using AI are seeing major benefits – but a gap is emerging

  06-10-2026 06:05 via foxbusiness.com
  
  Workers in the U.S. who use artificial intelligence (AI) regularly in their job are seeing benefits like working more quickly or creatively, though a new study finds that those gains aren't evenly distributed across the workforce.The American Job Quality Study, produced by Gallup, Jobs for the Future and The Families & Workers Fund from January through March, found that the majority of workers who have used AI in their job said it helps them do their jobs faster (63%), as well as to find mor
  
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• Trump opens red-dyed diesel to truckers in bid to slash fuel costs

  06-10-2026 03:28 via foxbusiness.com
  
  President Donald Trump is giving truckers a new way to fight pain at the pump, signing an executive order that temporarily lets them fill up with red-dyed diesel normally barred from highway use."They’re going to be very happy in about two seconds," Trump said during remarks in Grand Island, Nebraska, before announcing the relief.The order allows off-road diesel on highways and defers the federal excise tax through year’s end without interest or penalties, according to the White Hous
  
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• Oprah-backed True Food Kitchen files for bankruptcy after shuttering a dozen restaurants

  06-10-2026 03:00 via foxbusiness.com
  
  Oprah Winfrey-backed True Food Kitchen has landed in bankruptcy court after management turmoil and failed expansion bets left the restaurant chain built around healthy eating struggling to stay afloat.The company filed for Chapter 11 protection Sunday and closed 12 restaurants, leaving 34 locations across 14 states open as it searches for a buyer.True Food Kitchen confirmed to FOX Business that the shuttered locations are Century City, El Segundo and San Diego UTC in California; Miami; Chicago;
  
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• Walmart doubles down on pledge against AI-powered personalized pricing

  06-10-2026 00:51 via foxbusiness.com
  
  Walmart is doubling down on its pledge not to use AI, customer data or digital shelf labels to set personalized prices for its shoppers.In a public letter Monday, Dan Bartlett, Walmart's executive vice president of corporate affairs, challenged what he described as repeated "mischaracterizations" by Lindsay Owens, author of the recently released book "Gouged," about Walmart's pricing practices and use of technology."The facts are straightforward. We price products, not people," Bartlett wrote."W
  
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