Business news

• LARRY KUDLOW: A working-class party without workers

  11-08-2026 23:34 via foxbusiness.com
  
  If you haven’t seen it already, please go into the New York Times archives — that’s right, I’m recommending the Times — for an article by Thomas Edsall entitled "A Working-Class Party Without Many Workers." Mr. Edsall is a former Washington Post columnist. And he wrote a very important piece. In a nutshell, he uses polling data that non-college educated people do not agree with the Democratic Socialists of America on key issues such as open borders, defunding the po
  
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• Canada, U.S. not yet ready to make tariff deal, Canada unsatisfied with latest U.S. offer: sources

  12-08-2026 21:00 via cbc.ca
  
  As the clock ticks toward U.S. President Donald Trump's latest tariff deadline, Canada and the U.S. aren't at a point where a tariff deal can be reached — and Canadian officials are not satisfied with the latest U.S. offer, according to two sources with knowledge of the trade talks.
  
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• Concert delayed for hours? Here’s what your ticket actually guarantees

  12-08-2026 19:25 via cbc.ca
  
  A concert ticket guarantees entry, but what about the show time? After major delays like Ne-Yo and Akon in Calgary and a four-hour wait for Jay-Z in New York, fans are pulling back the curtain on what rights concertgoers actually hold.
  
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• 'An absolute gut punch': Dozens facing unemployment as South Keys Metro converts to Food Basics

  12-08-2026 10:00 via cbc.ca
  
  A Metro grocery store in Ottawa's South Keys neighbourhood will be replaced by a Food Basics this fall, costing dozens of employees their jobs.
  
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• Cult-favorite pizza chain uses surprising method to recreate NYC flavor nationwide

  12-08-2026 02:32 via foxbusiness.com
  
  Prince Street Pizza has built a cult following that includes some of Hollywood’s biggest names, but the company says the key to taking its famous New York slices nationwide is staying true to the original.The New York City-born brand has expanded from its original SoHo shop to roughly 20 locations across the U.S. and Canada, with parent company Best Buddy Hospitality CEO Lawrence Longo pointing to strong demand and a relentless focus on product quality as drivers of that growth."I think it
  
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• Domino's unveils new pizza in latest menu addition

  11-08-2026 23:11 via foxbusiness.com
  
  Domino’s is putting its own name on a new pizza as the restaurant chain looks to give customers a personal-size option built for individual tastes.The Michigan-based pizza giant said Tuesday that it will launch the Domino, a Detroit-style pizza made for one, at restaurants nationwide on Aug. 31.Shaped like the company’s red-and-blue domino logo, the new pizza is cut into two slices and allows customers to choose their sauce and add up to three toppings.The company is positioning the
  
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• CUSMA breakdown could mean hundreds of thousands of jobs, trillions of dollars lost: report

  11-08-2026 23:05 via cbc.ca
  
  A new report from the Canadian American Business Council found that a failure to renegotiate a North American trade deal would have widespread impacts on the Canadian economy, including the loss of 102,000 Canadian jobs and 214,000 American ones. On the flip side, a successful renegotiation would add jobs and boost GDP.
  
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• CUSMA breakdown could mean hundreds of thousands of jobs, a trillion dollars lost: report

  11-08-2026 23:05 via cbc.ca
  
  A new report from the Canadian American Business Council found that a failure to renegotiate a North American trade deal would have widespread impacts on the Canadian economy, including the loss of 102,000 Canadian jobs and 214,000 American ones. On the flip side, a successful renegotiation would add jobs and boost GDP.
  
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• Major US airport getting new tech to prevent runway incidents

  11-08-2026 22:13 via foxbusiness.com
  
  The Federal Aviation Administration (FAA) on Tuesday announced the deployment of a new radar at Newark Liberty International Airport that's designed to prevent incidents from occurring on busy runways.The new radar, known as the Surface Movement Radar Model 4, allows air traffic controllers to track aircraft and vehicles on runways and taxiways in all weather and visibility conditions and prevent runway incursions that could result in accidental collisions. The SMR-4 will represent a capability
  
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• Trump warns new Hochul, Mamdani pied-à-terre tax could accelerate NYC wealth exodus

  11-08-2026 22:10 via foxbusiness.com
  
  President Donald Trump blasted New York City’s new pied-à-terre tax and said his administration is examining whether the federal government has legal authority to intervene, escalating a fight over a surcharge targeting luxury second homes.Trump argued in a Truth Social post Tuesday that the tax could ultimately cost New York more than it raises by encouraging wealthy property owners and taxpayers to leave for lower-tax states such as Florida and Texas."The NYC Pied-a-Terre Tax is c
  
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• Fed’s Hammack says multiple rate hikes may be needed to tame inflation

  11-08-2026 21:58 via foxbusiness.com
  
  Cleveland Federal Reserve President Beth Hammack on Monday said that she thinks there will be a need for more than one interest rate hike to prevent inflation from becoming more entrenched across the economy.Hammack made the comments in an interview with Yahoo Finance that followed her dissent from the Fed's decision to leave interest rates unchanged. She and two other members of the central bank's monetary policy panel voted in favor of raising interest rates by 25 basis points."I would say in
  
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• Curaleaf to take offer directly to shareholders in bid to buy Edmonton-based Aurora Cannabis

  11-08-2026 21:11 via cbc.ca
  
  Curaleaf Holdings Inc. says it intends to launch a takeover bid for Edmonton-based cannabis company Aurora Cannabis Inc.
  Curaleaf said in a news release on Tuesday it plans to make an offer to purchase all of Aurora's issued and outstanding common shares.
  
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• Federal budget deficit on track to surpass $2T this fiscal year as spending outpaces revenue

  11-08-2026 17:06 via foxbusiness.com
  
  The federal budget deficit is now expected to surpass $2 trillion this fiscal year, which would be one of the largest shortfalls on record as spending growth continues to outpace tax receipts.The nonpartisan Congressional Budget Office (CBO) on Monday released its monthly budget update for July, which showed the federal government ran a nearly $1.8 trillion deficit through the first 10 months of fiscal year 2026, which runs through the end of September.That figure represents an increase of $169
  
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• Investor group provides potential lifeline to Sherritt International and its Alberta refinery

  11-08-2026 15:01 via cbc.ca
  
  A consortium including an unnamed U.S. anchor investor, Kyma Capital Ltd., Trifon Natsis and Glencore Ltd. say they submitted a non-binding recapitalization proposal to Sherritt International Corp. after U.S. sanctions against Cuba hampered the Canadian mining company.
  
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• Canada, U.S. trade officials mapping out potential deal to pitch to Trump next week: sources

  11-08-2026 14:26 via cbc.ca
  
  Canada-U.S. Trade Minister Dominic LeBlanc and his American counterpart are aiming to present U.S. President Donald Trump a potential trade deal as early as Monday, CBC News has learned.
  
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• Canada-U.S. trade minister to meet U.S. counterpart for 3rd time in as many weeks

  11-08-2026 14:26 via cbc.ca
  
  Canada-U.S. Trade Minister Dominic LeBlanc is set to meet with U.S. Trade Representative Jamieson Greer in Washington Tuesday, marking the third time in three weeks the pair have met face to face, according to sources familiar with the talks who were not permitted to speak publicly.
  
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• Nearly 50,000 Chrysler vehicles recalled over seat belt safety defect

  11-08-2026 06:41 via foxbusiness.com
  
  Chrysler is recalling nearly 50,000 vehicles over a seat belt defect that could increase the risk of injury in a crash, according to federal regulators.The recall affects certain 2023-2025 Dodge Hornet and 2023-2026 Alfa Romeo Tonale vehicles, according to the National Highway Traffic Safety Administration (NHTSA).A total of 48,777 vehicles are covered by the recall, the NHTSA said in its announcement, noting that an estimated 1.6% have the defect.CHRYSLER RECALLS 1.27M RAM PICKUPS OVER POT
  
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• Nearly 30,000 pounds of raw beef recalled over missed import inspection

  11-08-2026 02:57 via foxbusiness.com
  
  Nearly 30,000 pounds of imported raw beef from South America have been recalled in two states over the failure to reinspect the product after arriving in the U.S., according to the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS).Florida-based Corte Argentino USA LLC is recalling about 29,628 pounds of raw beef products that were imported from Argentina "without the benefit of import reinspection into the United States," which checks documentation, labeling, packa
  
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• Zoox CEO says autonomous vehicles need regulation months after robotaxi drove into Las Vegas fire scene

  11-08-2026 02:41 via foxbusiness.com
  
  Zoox CEO Aicha Evans agreed that autonomous vehicles should be regulated as the Amazon subsidiary’s fleet of autonomous vehicles launched its first paid service in the United States in Las Vegas Monday. In June, one of Zoox's robotaxis drove into heavy smoke at an active emergency scene in Las Vegas. Zoox issued a software recall following the incident and has since updated the technology to better detect and respond to fire and smoke.Evans told FOX Business host Liz Claman the compan
  
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• LARRY KUDLOW: Tell AOC and the comrades to stay home — America is doing very well, thank you very much

  10-08-2026 23:48 via foxbusiness.com
  
  Congresswoman Alexandria Ocasio-Cortez, appearing on an ABC Sunday talk show interviewed by Jonathan Karl, had a word salad answer to a simple question that is every bit as bad or even worse than anything Vice President Harris has ever produced. Here’s the setup by Mr. Karl, who should have been much tougher in this interview: "So you have Wisconsin coming up next, Francesca Hong, who is the Democratic Socialist of America supported candidate for governor." Mr. Karl added: "What do yo
  
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• Wealthy Americans look to New Zealand as demand for 'golden visas' booms

  10-08-2026 23:34 via foxbusiness.com
  
  Wealthy Americans are investing in New Zealand's "golden visas" as they look to relocate to the South Pacific nation.The Financial Times reported that over 700 wealthy foreigners have applied for New Zealand's golden visa in the last 14 months – an increase from 115 in the prior three years – after the government eased the criteria for approval.Over one-third of the applications submitted since April 2025 were filed by Americans, according to the report. It also noted that Americans
  
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• Former Texas Roadhouse, Red Robin CEO says this restaurant category is ‘there for the taking’

  10-08-2026 21:53 via foxbusiness.com
  
  A restaurant industry veteran who has led some of America’s best-known chains sees major growth potential in one segment of the dining business.G.J. Hart, CEO of Nashville-based SPB Hospitality, told FOX Business that the "upscale casual" category is "there for the taking" as the company looks to expand J. Alexander’s, one of the brands in its portfolio.Hart, who previously served as CEO of Red Robin, California Pizza Kitchen and Texas Roadhouse, said consumers continue to respond to
  
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• Oil in US Strategic Petroleum Reserve falls to lowest level since 1983

  10-08-2026 20:30 via foxbusiness.com
  
  The U.S. government's Strategic Petroleum Reserve (SPR) is at its lowest level since 1983 as inventories that were already low before the Iran war come under increasing pressure.Data released by the Department of Energy on Monday showed that the number of barrels of oil in the SPR declined by 6.1 million barrels last week, ending the week at 298.7 million barrels in inventory.That is the lowest level in the EIA's weekly data on SPR stocks since January 1983.SPR inventories have fallen this year
  
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• Apple reportedly testing Chinese-made memory chips for iPhones, MacBooks amid global shortage

  10-08-2026 20:15 via foxbusiness.com
  
  Apple is reportedly in the process of testing memory chips made by Chinese company CXMT across its lineup of devices, including in iPhones and MacBooks, as it looks at options to address the shortage of memory chips.The Wall Street Journal on Sunday reported that Apple has held early talks with CXMT about the company providing chips that would be used in devices sold in China, citing people familiar with the matter.Apple is hoping to receive approval from the White House for the arrangement, whi
  
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• Powerball jackpot soars to $975M, eighth-largest in game's history

  10-08-2026 18:55 via foxbusiness.com
  
  The Powerball jackpot surged to an estimated $975 million ahead of Wednesday night's drawing, making it the eighth-largest prize in the game's history.The pot grew after no ticket matched all six numbers from Monday night's drawing.The white balls were 6, 37, 54, 55, 64. The red Powerball was 10 and the Power Play multiplier was three.It now has an estimated cash value of $422.3 million, according to the lottery.The odds of winning a prize are 1 in 24.9, while the odds of hitting the jackpot are
  
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• Florida names NYC Mayor Zohran Mamdani 'Economic Developer of the Year' in Times Square campaign

  10-08-2026 17:50 via foxbusiness.com
  
  FIRST ON FOX: In the heart of Manhattan, at the corner of Broadway and West 43rd Street, a massive new billboard is sending a provocative message to New York leadership: "Thanks for the jobs!"As America faces what business leaders call a historic choice between free enterprise and expanding government control, Florida is taking the ideological fight directly to the doorstep of Democratic socialism. Armed with a $1.8 trillion economy and record-breaking wealth migration, the Florida Chamber
  
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• Feds announce $100M program to cover 50% of shipping steel in Canada by rail and water

  10-08-2026 17:28 via cbc.ca
  
  The federal government is pumping $100 million into Canada's steel industry with a new program that will pay for half the costs of transporting Canadian-made steel by ship or by rail within the country.
  
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• Meta launches new AI model as Zuckerberg lays out vision for open-weight AI

  10-08-2026 15:37 via cbc.ca
  
  The tech giant released a new open-weight AI model on Monday, along with an essay from Mark Zuckerberg saying lower barriers are needed for open-weight tech in order for U.S. models to compete with Chinese ones. The letter is the most recent show of support for open-weight models after a letter from top tech firms late last month, and comes after a Chinese open-weight model was used to contain an AI test gone wrong.
  
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• Unifor, General Motors to begin contract negotiation talks today

  10-08-2026 12:31 via cbc.ca
  
  Unifor, the union that represents more than 4,600 members at Ontario GM facilities, is set to begin contract negotiations with General Motors today.
  
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• These are America's hottest housing markets – see which areas made the list

  10-08-2026 12:01 via foxbusiness.com
  
  America's hottest housing markets are all located in the Northeast and Midwest, according to a new ZIP code-level analysis of the most in-demand housing markets.Realtor.com released its hottest ZIP codes report for 2026, which found that those two regions swept the top 10 rankings for the fourth consecutive year.Hannah Jones, senior economist at Realtor.com, told FOX Business in an interview that "a lot of these ZIP codes fall in suburbs that are on the outer ring of major metro areas like Bosto
  
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