Business news

• Ken Griffin doubles down on Florida with record $3B Carnegie Mellon gift

  30-09-2026 22:25 via foxbusiness.com
  
  Hedge fund billionaire Ken Griffin is making the largest individual gift in higher education history, donating $3 billion to Carnegie Mellon University to expand its Pittsburgh campus and build a new campus in Miami.The Citadel founder and CEO's gift includes $1 billion for Carnegie Mellon's Pittsburgh campus, including $500 million for its School of Computer Science, which will be renamed the Kenneth C. Griffin School of Computer Science. The remaining $500 million will provide "flexible"
  
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• West Coast oil pipeline becomes 1st project designated in national interest

  01-10-2026 17:11 via cbc.ca
  
  The federal and Alberta governments have announced that a proposed pipeline carrying one million barrels of oil a day from Alberta to the B.C. coast has become the first project designated in the national interest.
  
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• AI agents tried to hack Library and Archives Canada website, research firm says

  01-10-2026 15:28 via cbc.ca
  
  AI agents tried to hack into a Library and Archives Canada website, according to a report by artificial intelligence research firm Transluce.
  
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• Overnight, Meta deleted all her accounts. AI customer service won’t let her reach a human

  01-10-2026 10:00 via cbc.ca
  
  Toronto resident Jasmine Ault says Meta disabled her accounts overnight, without giving her a reason, and that she's been unable to get past their AI chatbots to speak to a human to resolve the error. Experts say without regulation enforcing the right to speak to a human, this will keep happening.
  
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• Mark Ruffalo blasts Paramount-Warner Bros. merger after judge clears $110B Hollywood deal

  01-10-2026 09:01 via foxbusiness.com
  
  Actor Mark Ruffalo blasted the outcome of the long-running fight over Paramount's $110 billion acquisition of Warner Bros. Discovery after a federal judge cleared the Hollywood megadeal to move forward Wednesday.Ruffalo, who had been one of the most vocal Hollywood opponents of the merger, called the outcome "incredibly disappointing.""This merger will stifle creativity, weaken free speech, and cost people their jobs – it is a bad deal for this country and should never have been approved,"
  
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• Recall of popular soft drink hits 77,000 cans after zero-sugar labels found on full-sugar soda

  01-10-2026 03:47 via foxbusiness.com
  
  A Utah beverage company is recalling more than 77,000 cans of 7UP Tropical after some packages labeled as zero-sugar soda were found to contain the full-sugar version of the drink.Admiral Beverage Corporation initiated the voluntary recall on Aug. 20, according to a U.S. Food and Drug Administration enforcement report. The recall covers 3,240 cases, or 77,760 cans, distributed in Utah.The affected product is 7UP Tropical sold in 12-ounce cans packaged in 12-packs.According to the FDA listing, so
  
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• Ford CEO sounds skilled-worker alarm as young technicians tout less debt, job security

  01-10-2026 03:12 via foxbusiness.com
  
  America needs to invest in the people who "build things" or risk falling further behind global competitors, Ford CEO Jim Farley warned Wednesday.Speaking at Ford's Accelerate event in Detroit, Farley said the U.S. has underinvested in the "essential economy" — industries such as construction, manufacturing, energy, transportation, logistics and public services — while countries like Germany, China and South Korea have placed greater emphasis on apprenticeships and workforce training.
  
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• Trade expert reveals what Trump-Xi $30B deal means as holiday season approaches

  01-10-2026 02:01 via foxbusiness.com
  
  A trade policy expert said shoppers may be able to expect modest price relief as the holiday season approaches after President Donald Trump and Chinese President Xi Jinping struck a deal to reduce tariffs on $30 billion in goods, including household goods and toys.Clark Packard, a research fellow for international trade policy at the Cato Institute, broke down what the new agreement could mean for American consumers in an interview with FOX Business."Consumers can probably expect some cheaper ho
  
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• Trump says 'very bad' Canada is being 'taught a little lesson' as trade action escalates

  01-10-2026 01:21 via cbc.ca
  
  U.S. President Donald Trump's war of words with Canada continued Wednesday as he veered off a prepared script at an event marking Hispanic Heritage Month in the States to chastise Canadian leaders for being what he called "very bad."
  
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• LARRY KUDLOW: In two weeks, Iran may come crashing down

  30-09-2026 23:34 via foxbusiness.com
  
  Things happen when you least expect it. How about the dissolution of Iran? We know their currency is worthless. It’s now 2.5 million per dollar. This, according to the retired lieutenant general, Keith Kellogg, suggests a disaster on a par with the hyperinflation of Germany’s Weimar Republic in the 1920s. It foretells economic collapse.Treasury Secretary Scott Bessent basically is saying that Iran is going to run out of cash in two weeks. Communist China, Mr. Bessent says, "has subst
  
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• The final verdict is in for the Fed's troubled renovation and Jerome Powell

  30-09-2026 21:13 via foxbusiness.com
  
  The inspector general's investigation into the Federal Reserve's costly renovation project determined that there was no administrative misconduct after the cost overruns prompted an investigation of former Federal Reserve Chair Jerome Powell amid criticism from President Donald Trump.The Office of Inspector General for the Federal Reserve's Board of Governors began investigating the cost overruns at Powell's request in July 2025. Powell, then the Fed chair, disclosed in January that the Dep
  
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• Fanatics promises to keep fighting 'meritless' lawsuits after latest dismissal in court

  30-09-2026 20:37 via foxbusiness.com
  
  As Fanatics continues to grow, the global sports giant has faced numerous lawsuits over the past several years. The company views them as baseless, opportunistic suits to shake it down in some capacity, and Fanatics hasn’t laid down. It's been fighting. And winning. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMOver the past 12 months, Fanatics has seen seven lawsuits dismissed across its business, which includes its merchandise and collectibles arms. "As we inn
  
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• Strong natural gas production, supplies could ease pressure on winter heating bills

  30-09-2026 20:02 via foxbusiness.com
  
  Cold weather is approaching and the U.S. is projected to have record-setting production of natural gas and healthy storage levels to help protect the market against possible shifts in winter weather that could otherwise strain supply and squeeze consumers.FOX Business exclusively viewed the Natural Gas Supply Association's (NGSA) 2026-27 winter outlook, which forecasts that U.S. dry gas production is projected to hit a record 112.5 billion cubic feet (Bcf) per day, with high storage levels at 3.
  
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• Treasury moves to automatically enroll millions of children in Trump Accounts

  30-09-2026 18:25 via foxbusiness.com
  
  The Treasury Department and IRS are moving to automatically establish Trump Accounts for millions of eligible children, a major expansion of the investment program created under President Donald Trump's tax and spending law.Temporary regulations issued by Treasury and the IRS establish a system that allows the Treasury secretary to create an account for an eligible child without requiring a parent or other authorized person to first make an election. The rules call for auto accounts to be create
  
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• Stelco's U.S. owner touts right to idle operations at Hamilton steel plant as PM vows legal action

  30-09-2026 17:32 via cbc.ca
  
  The chief executive officer of Stelco’s American parent company says he has every legal right to idle production at a steel mill in Hamilton, Ont., as Prime Minister Mark Carney threatens legal action.
  
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• Stelco's U.S. owner to face 'fullest extent of the law' over layoffs: PM Carney

  30-09-2026 17:32 via cbc.ca
  
  Prime Minister Mark Carney says the federal government will use "all powers" at its disposal to pursue Stelco's American owners "to the fullest extent of the law."
  
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• Republicans could feel 'same fate' as Democrats as gas prices are elevated ahead of midterms, expert says

  30-09-2026 17:29 via foxbusiness.com
  
  Elevated gas prices ahead of November’s midterm elections could make Republicans feel the "same fate" the Democrats did in 2022, when prices that summer hit an average of $5 a gallon, an expert told FOX Business. Patrick De Haan, the head of petroleum analysis at GasBuddy, made the remark this week as the national average for a gallon of gas currently sits at $4.42 Wednesday, according to GasBuddy data. Four years ago, the Democrats lost their slim majority in the House of Representat
  
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• Treasury exposes terror network Tren de Aragua's $40M US ATM 'jackpotting' plot

  30-09-2026 16:30 via foxbusiness.com
  
  FIRST ON FOX: The Treasury Department is dropping the hammer on a Tren de Aragua (TdA) $40-plus million fraud scheme accused of using U.S. automated teller machines as a narco-terror piggybank, stealing Americans' cash to fund its transnational terror network.Treasury, in a First on Fox story Wednesday, unleashed a whole-of-government crackdown, targeting the financial network of the violent foreign terrorist organization (FTO) TdA over a massive, high-tech ATM "jackpotting" scheme that has siph
  
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• Six Flags retires X2 roller coaster after multiple lawsuits allege traumatic brain injuries

  30-09-2026 15:43 via foxbusiness.com
  
  Six Flags Magic Mountain said Tuesday it is permanently closing the famed X2 roller coaster after multiple lawsuits alleged some riders were left with serious brain injuries.The Southern California theme park said it was retiring the ride for good after nearly 20 years. The announcement comes about a month after Six Flags settled a lawsuit brought by the family of Christopher Hawley, a 22-year-old San Diego State University graduate. Hawley died from blunt-force head trauma one day after riding
  
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• US economy grew at a faster pace than expected in second quarter

  30-09-2026 14:39 via foxbusiness.com
  
  The U.S. economy grew at a stronger pace than expected in the second quarter, according to the Commerce Department's estimate.The Bureau of Economic Analysis (BEA) on Wednesday released its final reading of second-quarter GDP, which showed the economy grew at an annualized rate of 2.2% in the three-month period including April, May and June.That figure topped the expectations of economists polled by LSEG, who had estimated 1.5% GDP growth in the second quarter.It comes after the U.S. e
  
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• Fed's favored inflation gauge cooled in August but remained elevated

  30-09-2026 14:35 via foxbusiness.com
  
  The Federal Reserve's preferred inflation gauge cooled more than expected but remained elevated well above target in August as consumers continued to face price pressures.The Commerce Department on Wednesday reported that the personal consumption expenditures (PCE) index rose 0.3% on a monthly basis in August and was up 3.4% from a year ago. Both figures were cooler than the expectations of economists polled by LSEG, who predicted 0.4% and 3.7%, respectively.Core PCE, which excludes volatile mea
  
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• Private sector added 90,000 jobs in September, above expectations, ADP says

  30-09-2026 14:21 via foxbusiness.com
  
  Companies in the private sector added 90,000 jobs in September, payroll processing firm ADP said in its latest report on Wednesday.The figure is above economists’ estimates of a gain of 70,000 jobs and up from the prior month's revised 36,000 payrolls."It's a strong report," said ADP chief economist Nela Richardson. "After a three-month slowdown, job creation rebounded and pay growth remained solid."CEO REVEALS THE 'SIX-FIGURE JOBS' YOUNG AMERICANS ARE OVERLOOKING AMID LABOR SHORTAGEEducat
  
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• Top real estate mogul issues stark warning as California buyers say 'enough is enough' on taxes

  30-09-2026 12:00 via foxbusiness.com
  
  As voter support for California's proposed "billionaire tax" plummets below 50%, top luxury real estate titan Aaron Kirman is sounding the alarm, warning that the mere threat of Proposition 40 is freezing high-end transactions and driving California’s top job creators to the exit doors."We think this proposal is disastrous for California. It's disastrous for the real estate market, and buyers and sellers have had enough of California taxation," Kirman — the CEO and founder of Christi
  
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• More homes, more price cuts – but buyers still aren't biting as mortgage rates climb

  30-09-2026 12:00 via foxbusiness.com
  
  Homebuyers are still facing affordability headwinds due to elevated mortgage rates despite sellers increasingly cutting prices, a new report from Realtor.com shows.Realtor.com's latest monthly housing report showed that the share of listings with price cuts reached the highest level for the month of September on record, with 20.8% of active listings having a price reduction, which is an increase of 0.9 percentage points from last year.Active inventory of homes for sale also increased by 5.4% fro
  
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• After 'doom and gloom' decade, Fort McMurray readies for a boom

  30-09-2026 10:00 via cbc.ca
  
  The Alberta community synonymous with meteoric oil booms and crippling busts is now staring down another potential wave of economic fortune.
  
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• More than 2,300 pounds of breakfast sausage recalled over plastic contamination

  30-09-2026 03:58 via foxbusiness.com
  
  A recall was issued for more than 2,300 pounds of raw, frozen pork breakfast sausage due to potential plastic contamination, according to federal officials.Illinois-based Fontanini Foods LLC recalled about 2,320 pounds of raw, frozen pork breakfast sausage links that may be contaminated with foreign material, specifically clear, hard plastic, the Department of Agriculture’s (USDA) Food Safety and Inspection Service (FSIS) announced last week.The affected breakfast sausage items were p
  
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• Trump signs executive order rebranding AI as 'Super Intelligence' as tech titans ink separate SI accord

  30-09-2026 03:52 via foxbusiness.com
  
  President Donald Trump on Tuesday signed an executive order directing the federal government to replace the term "artificial intelligence" with "Super Intelligence" across the executive branch, cementing a rebranding effort he has championed in recent weeks.Signed after a White House summit with leading technology executives, the order directs federal agencies to use the terms "Super Intelligence" and "SI" in official correspondence, public communications, websites, reports, policy documents and
  
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• Carney announces $1.2B in funding to protect oceans as major projects loom

  30-09-2026 03:19 via cbc.ca
  
  Prime Minister Mark Carney announced $1.2 billion in federal funding for ocean protections Tuesday, as the country moves toward decisions on a new pipeline to the West Coast and the expansion of a major port in Metro Vancouver.
  
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• Denny's targets 500 restaurant upgrades as diner chain invests in AI, new technology: 'Project Grand Slam'

  30-09-2026 01:25 via foxbusiness.com
  
  EXCLUSIVE: Denny's is preparing upgrades at roughly 500 restaurants as the iconic diner chain invests in artificial intelligence (AI), new technology and other initiatives aimed at winning back customers.CEO Christopher Bode, who took the helm of the South Carolina-based company earlier this year, told FOX Business the restaurants are in line for some type of asset upgrade over the next 12 to 18 months, building on more than 200 remodels completed since the pandemic."We have 500 restaurants now
  
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• Buc-ee’s closes in on first Oklahoma location after co-founder touts business-friendly states

  30-09-2026 01:25 via foxbusiness.com
  
  Buc-ee’s is eyeing its first stop in the Sooner State, with Oklahoma City’s mayor announcing Tuesday that talks are heating up to bring the popular Texas-based chain to town.Mayor David Holt said the company is in "very active conversations" with the city about a location at Interstate 40 and Cimarron Road in west Oklahoma City."I can now finally confirm that we are in very active conversations with Buc-ee’s about their first location in Oklahoma City (and the State of Oklahoma
  
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