Business news

• Honda plans highway test of tech that charges moving trucks

  05-10-2026 17:01 via foxbusiness.com
  
  Honda Motor is preparing to test technology on a highway that can wirelessly charge electric vehicles, including large commercial trucks, while they are moving.Honda R&D, the automaker's research and development subsidiary, developed the underlying technology with construction companies Taisei Corporation and Taisei Rotec Corporation, according to a Honda announcement Monday.The system uses power-transmitting units embedded in the road and a receiver installed on the vehicle, allowing electr
  
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• Shell to buy 30% stake in proposed Bay du Nord oil project off Newfoundland

  09-10-2026 15:03 via cbc.ca
  
  Equinor says it will retain a 70 per cent operating interest in the project, which would be the first deepwater oil development in Canada if it goes ahead.
  
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• Canadian economy lost 68,000 jobs in September, marking second straight month of surprise declines

  09-10-2026 14:42 via cbc.ca
  
  Before the two monthly declines, Statistics Canada data showed employment trending upward, with 181,000 jobs added between April and July. But losses in August and September snapped that hot streak.
  
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• Canadian economy lost 68,000 jobs in September, marking second straight month of declines

  09-10-2026 14:42 via cbc.ca
  
  Before the two monthly declines, Statistics Canada data showed employment trending upward, with 181,000 jobs added between April and July. But losses in August and September snapped that hot streak.
  
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• Canadian economy lost 68,000 jobs in September

  09-10-2026 14:42 via cbc.ca
  The decline marks a second straight month of job losses. Economists polled ahead of the release predicted employers added 9,200 positions in September.
  
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• Hershey changes Reese’s Pumpkins packaging after lawsuit over design

  09-10-2026 14:03 via foxbusiness.com
  
  The Hershey Co. has added a new disclaimer to Reese’s Peanut Butter Pumpkins following a legal battle over claims that images on the packaging did not match the actual candy.Packages of the seasonal treat now feature the words "Carving not on actual product" next to an image of the pumpkin-shaped Reese’s with jack-o'-lantern-style eyes and a mouth, according to product images on the official Hersheyland website.The disclaimer appears in small text on the front and back of the packagi
  
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• Behind closed doors in Palm Beach, a secret 'shadow' market hides $300M mega-mansions

  09-10-2026 12:30 via foxbusiness.com
  
  EXCLUSIVE: Tucked quietly away from the grandeur of Mar-a-Lago and the bustle of Worth Avenue lie homes worth hundreds of millions of dollars that are now part of a so-called "shadow" underground real estate market in Palm Beach."If somebody were to come to me today and say, ‘Hey, what else is available that's not outwardly seen?’ Within a few blocks of here, there is a house for $175 [million], $52 [million], $97 [million], $17 [million] and then heading up the coast you've got anot
  
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• Canada can't launch rockets on its own. A handful of companies want to change that

  09-10-2026 10:00 via cbc.ca
  
  Canada has long relied on its allies to get technologies like satellites into space. But as the cross-border relationship with the U.S. changes, a handful of companies — including the newest player, Canada Rocket Company — are trying to change that and capitalize on a growing market.
  
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• PepsiCo raising prices on Doritos, Ruffles, SunChips and some sodas after recent cuts

  09-10-2026 09:57 via foxbusiness.com
  
  PepsiCo is raising prices on some of its popular chips and sodas, including Doritos, Ruffles and SunChips, just months after cutting prices in an effort to win back inflation-weary shoppers.The company said prices on certain snacks and drinks will rise by single-digit percentages as it deals with higher costs for fuel, aluminum and agricultural supplies, according to the New York Post.However, the company said the new prices will still be lower than they were at the beginning of the year.The pri
  
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• Lyft agrees to $272 million settlement over California wage theft claims

  09-10-2026 04:50 via foxbusiness.com
  
  Lyft has agreed to pay $272.5 million to settle claims that it committed wage theft against California drivers in the six-year lawsuit the Golden State brought against the rideshare company.California Attorney General Rob Bonta and the city attorneys of Los Angeles, San Diego and San Francisco sued Lyft in 2020 on allegations the company misclassified drivers as independent contractors between 2016 and 2020, meaning drivers were paid well below minimum wage and denied other workplace protections
  
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• Canadian investor, philanthropist Stephen Jarislowsky dies at age 101

  08-10-2026 22:14 via cbc.ca
  
  Canadian investment manager, ethical business proponent and philanthropist Stephen Jarislowsky has died. He was 101.
  
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• Jeff Bezos says socialism gains traction because of 'real affordability problems,' lack of real solutions

  08-10-2026 22:07 via foxbusiness.com
  
  Amazon and Blue Origin founder Jeff Bezos explained in an interview on Wednesday why he thinks socialism is gaining traction among some politicians and voters, and what he thinks they're getting wrong.Bezos spoke on the factory floor of Blue Origin's Space Coast facility with Fox News' Bret Baier in an interview that aired on "Special Report" and was asked about the factors driving some to embrace socialism."One, we do have real affordability problems. So people look at the cost of housing, for
  
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• Will Ottawa really take Stelco to court? Here's what happened last time

  08-10-2026 20:32 via cbc.ca
  
  Stelco Holdings has days to share a plan to save hundreds of Ontario steel workers from layoffs already underway — orit risks legal actionfrom the Canadian government. The clock is ticking on what lawyers say is a test of how foreign investors are held to account as Prime Minister Mark Carney seeks to lure more of them to Canada amid a bitter trade war with the United States.
  
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• Why millions of seniors are getting checks from the government

  08-10-2026 19:45 via foxbusiness.com
  
  Millions of Americans enrolled in Medicare are receiving $90 payments from the federal government this month as part of a Trump administration initiative to help offset health care costs.More than 20 million Medicare beneficiaries are eligible for the one-time payments, with most expected to receive the money through direct deposit on or around Oct. 8, according to the Centers for Medicare & Medicaid Services (CMS).President Donald Trump announced the payments Oct. 2 to help seniors cover Me
  
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• Mortgage rates rise for seventh straight week, squeezing homebuyers

  08-10-2026 18:23 via foxbusiness.com
  
  Mortgage rates rose for the seventh straight week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.4% from last week's reading of 7.28%.The average rate on a 30-year loan was 6.3% a year ago.BABY BOOMERS ARE POISED TO UNLEASH MILLIONS OF HOMES — BUT THERE'S A CATCH FOR FIRST-TIME BUYERS"This increase comes amid continued upward pressure from the 10-year
  
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• California leads nation in Gen Z exodus as young residents flock to Texas

  08-10-2026 17:26 via foxbusiness.com
  
  A new report by LendingTree finds that almost 11 million Gen Z adults, or about one-in-four, moved across state lines in 2024, according to the latest Census Bureau data.The data showed that an estimated 10.7 million of 44.6 million Gen Z adults, or 23.9% of that generation, moved to a different state or the District of Columbia in 2024. That figure is a far higher share than for any age group, with Millennials the closest at 14%, followed by Gen X at 7.2%, and Baby Boomers at 5.2%.South Carolin
  
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• Vance suspends Microsoft, others from foreign workers applying for green cards, alleges visa 'abuse'

  08-10-2026 16:45 via foxbusiness.com
  
  Vice President JD Vance and Labor Department officials announced Thursday that the Trump administration is suspending Microsoft, Adobe and others from a key employment-based green-card program, accusing major tech firms and outsourcing companies of abusing the visa system at the expense of American workers."There has been no company in the United States, unfortunately, that has abused the system more than Microsoft," Vance said at a news conference on H-1B and J-1 visa fraud, noting the administ
  
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• Amazon to cut nearly 1,000 white-collar jobs across stores division and other units: report

  08-10-2026 10:54 via foxbusiness.com
  
  Amazon is cutting fewer than 1,000 white-collar jobs, mainly in its stores division, which oversees the company's main e-commerce website, according to Reuters.The reported cuts come as Amazon wraps up its October Prime Big Deal Days sales event, which ran Tuesday and Wednesday.The downsizing follows a series of larger layoffs totaling roughly 30,000 jobs that began last year and continued into January.A person familiar with the matter told Reuters that the latest round of layoffs would affect f
  
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• Layoffs at Stelco underway, and will roll out over 3 weeks, says union president

  08-10-2026 10:00 via cbc.ca
  
  Layoffs at Hamilton's Stelco steel plant are underway and are expected to roll out over three weeks, says a union leader, noting that not all workers have been formally notified, but "people have a general idea" of whether or not their job is on the line.
  
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• More than 265K Ram vehicles facing recall over steering defect, regulators say

  08-10-2026 04:44 via foxbusiness.com
  
  Stellantis is recalling more than 265,000 Ram cargo vans over an issue with the vehicles' steering system, according to federal regulators.About 265,512 Ram ProMaster vans with model years from 2022-2026 are affected by the recall, the National Highway Traffic Safety Administration (NHTSA) said in its recall notice.The recall impacts various van models, including 44,391 Ram 1500 ProMasters, 147,204 Ram 2500 ProMasters and 72,043 Ram 3500 ProMasters with model years from 2022-2026, as well as 1,8
  
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• Decades-old frozen pizza brand ends production, leaving fans nostalgic

  08-10-2026 02:00 via foxbusiness.com
  
  Conagra Brands has stopped producing Celeste frozen pizzas, prompting longtime fans to reminisce about the budget-friendly freezer staple.The company disclosed the move during its fiscal first-quarter 2027 earnings remarks Sept. 30, saying the exit reduced first-quarter net sales by about 15 basis points but is expected to "be accretive to margins going forward."Conagra CEO John Brase said Celeste is an example of a smaller brand with which the company no longer sees enough of a "future" to just
  
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• How much sugar is in these 'sugar-free' Starbucks protein drinks? As much as a candy bar, claims lawsuit

  07-10-2026 22:10 via cbc.ca
  
  Starbucks has been sued by U.S. consumers who said the coffee chain falsely advertised eight protein beverages as "sugar-free" because they contain lactose, a naturally occurring sugar in milk.
  
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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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