Business news

• Rubio issues stark AI warning regarding national security: Fakes could 'do tremendous damage'

  24-05-2023 19:59 via foxbusiness.com
  
  Sen. Marco Rubio, R-Fla., issued a warning on Wednesday about impending artificial intelligence threats to national security.  In an op-ed in The Washington Examiner, the Florida Republican stressed that the dangers of AI would only increase as time passes, including those from large language models like OpenAI's chatbot ChatGPT.  He pointed out that hackers had previously used editing programs to portray former presidents.  "Neither high-school cheating nor dumb humor rises to th
  
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• Bessent unveils 'Trump account' details, announces philanthropic challenge

  17-12-2025 17:37 via foxbusiness.com
  
  Treasury Secretary Scott Bessent on Wednesday announced new details about the creation of so-called Trump accounts that were created under the One Big Beautiful Bill Act and launched a website for the initiative.Bessent spoke at the Treasury Department and said that with the rollout of the investment accounts, "An entire generation of Americans is about to learn in the most life-changing way possible how even small contributions can become generational wealth, and it's all thanks to Preside
  
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• Billionaire Ray Dalio backs Trump admin investment accounts for kids, joining Michael Dell

  17-12-2025 17:32 via foxbusiness.com
  
  Billionaire investor Ray Dalio threw his support behind President Donald Trump's plan to create investment accounts for children across the country on Wednesday.Dalio announced a donation of roughly $75 million aimed at contributing $250 to investment accounts for 300,000 children in Connecticut. Trump has called on wealthy Americans to contribute to similar funds across the country."By providing children with savings accounts that compound over time we are providing them with early insights int
  
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• Navarro warns US economy in 'perilous situation' as Supreme Court weighs Trump tariff powers

  17-12-2025 16:15 via foxbusiness.com
  
  A top member of President Donald Trump’s Cabinet warned Wednesday that the U.S. economy faces a dire future at the hands of the Supreme Court as it prepares to deliberate the emergency use of tariffs."If the Supreme Court wants to support the tariffs, they certainly will be on the right side of the law on this," senior counselor for trade and manufacturing Peter Navarro said on "Mornings with Maria.""We're in a perilous situation, and the Supreme Court — it is useful to remind them o
  
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• Warner Bros board slams Paramount takeover bid as shareholders face $72B Netflix choice decision

  17-12-2025 16:03 via foxbusiness.com
  
  Warner Bros. Discovery, Inc.'s board of directors urged shareholders to reject Paramount Skydance’s hostile takeover bid for the company, arguing that it poses "significant" risks and costs. The media behemoth said Wednesday that members of its board determined that the tender offer from Paramount Skydance was "not in the best interests" of the company or its shareholders, and that they continue to "unanimously" recommend the Netflix merger.Warner Bros. Discovery agreed to sell its fi
  
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• Inside GM’s $242M push to rebuild America’s skilled trades workforce

  17-12-2025 15:00 via foxbusiness.com
  
  The skilled trades workforce, critical to keeping the country's infrastructure and economy running, is rapidly declining.While many companies are working to address the shortage, General Motors has invested hundreds of millions of dollars to build its own pipeline of future workers.Over the past five years alone, the automaker has invested more than $242 million in its skilled trades apprenticeship program, which is geared toward training the next generation of skilled trade professionals with a
  
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• PayPal plans to launch bank serving small businesses around the US

  17-12-2025 14:08 via foxbusiness.com
  
  PayPal announced this week that it submitted regulatory applications to create PayPal Bank, a new industrial loan company to support small businesses.The company said Monday that it filed documents with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to launch PayPal Bank. PayPal said that the bank would allow the firm to provide lending solutions for small businesses, as well as interest-bearing savings accounts. It also plans to
  
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• Warner Bros. asks investors to reject takeover bid from Paramount Skydance

  17-12-2025 13:37 via cbc.ca
  Warner Bros. is telling shareholders to reject a takeover bid from Paramount Skydance, saying that a rival bid from Netflix will be better for customers.
  
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• White House AI czar blasts blue states for inserting 'woke ideology' into artificial intelligence

  17-12-2025 13:24 via foxbusiness.com
  
  White House AI and crypto czar David Sacks called out blue states Tuesday for inserting "woke" ideology into artificial intelligence as the Trump administration moves to cut what he described as "unnecessary" regulations on the rapidly developing technology."In terms of some of these unnecessary regulations, you look at a state like Colorado, they have outlawed a thing they call algorithmic discrimination. What that means is that if an AI model creates what they call a disparate impact on a prot
  
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• Intensifying global competition and 'personal agents': What to expect from artificial intelligence in 2026

  17-12-2025 12:00 via foxbusiness.com
  
  Artificial intelligence (AI) is charging into a new phase in 2026 – one that could reshape business operations, global competition and even which workers thrive, according to Goldman Sachs' Chief Information Officer Marco Argenti.In an interview with FOX Business, Argenti laid out his top predictions for the year ahead, saying 2025 marked a major turning point in AI's evolution."We used to look at models as a chat that would provide questions and answers," Argenti said. "Now a year later,
  
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• U.S. ski towns hope holiday season marks turnaround after slump in Canadian visitors

  17-12-2025 10:00 via cbc.ca
  American ski towns bracing for a steep decline in Canadian tourism are still hoping they can coax their northern neighbours back this holiday season. Ultimately, the decision to travel south might hinge on snowfall rather than politics.
  
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• Kushner firm drops out of Paramount’s hostile $108B Warner Bros. Discovery bid

  17-12-2025 09:07 via foxbusiness.com
  
  A private equity firm owned by President Donald Trump's son-in-law, Jared Kushner, pulled its financial backing on Tuesday from Paramount’s $108 billion hostile takeover bid to acquire Warner Bros. Discovery.Earlier this month, Paramount launched an all-cash tender offer partially financed by Kushner's private equity firm, Affinity Partners, to acquire the outstanding shares of Warner Bros. Discovery for $30.00 per share in cash, just days after Netflix had agreed to acquire
  
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• FDA announces recall of frozen dessert pints over possible 'small stones'

  17-12-2025 03:23 via foxbusiness.com
  
  A voluntary recall has been issued for pints of a non-dairy frozen dessert over the potential presence of small stones and other hard objects, according to the Food and Drug Administration.Danone U.S. issued the recall on Monday for pints of its So Delicious Dairy Free Salted Caramel Cluster Non-Dairy Frozen Dessert with best-by dates before Aug. 8, 2027, that were sold at retail stores across the country.The recall only impacts the items before that best-by date that also have a SKU code of 136
  
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• LARRY KUDLOW: Trump’s drill, baby, drill is paying off

  16-12-2025 23:58 via foxbusiness.com
  
  A lot of numbers came out today, as the government gears up after the shutdown. One of the biggest themes in the jobs report for October and November was the continued restructuring of the economy, where Joe Biden’s big government socialism is coming to an end. And President Trump’s re-privatization continues ahead.So far this year, federal jobs have fallen by roughly 270,000, while private jobs have increased nearly 700,000. Also related to Trump policies, native-born jobs are up so
  
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• 'Buy Canadian' policy comes into effect for federal projects worth over $25M

  16-12-2025 21:05 via cbc.ca
  The federal government's "Buy Canadian" policy takes effect Tuesday and Ottawa says it will fundamentally change the way it purchases goods and services.
  
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• Holiday shipping deadlines: Key FedEx, UPS and USPS dates you need to know

  16-12-2025 20:42 via foxbusiness.com
  
  While Christmas is nearly a week away, there is still time to get packages shipped to arrive on time before the holiday. However, those shipping deadlines are rapidly approaching. Each year, the major package delivery carriers post the deadlines that a package or mail needs to be shipped out to arrive by Christmas Eve. The deadlines vary depending on the specific shipping method.   With the deluge of packages expected during the holidays, UPS tried to encourage shoppers in Septemb
  
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• Ford cuts electric F-150 Lightning production, takes $19.5B charge in strategic shift

  16-12-2025 20:24 via foxbusiness.com
  
  Ford CEO Jim Farley announced the company is cutting production of the electric F-150 Lightning and refocusing its investment on hybrid vehicles and affordable EVs.The Detroit automaker announced the move on Monday and explained it will take a $19.5 billion charge on its EV assets and product roadmap. The change will bring about roughly $5.5 billion in cash effects with the majority paid in 2026 and the remainder in 2027.Farley appeared on FOX Business Network's "Kudlow" and said the move w
  
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• iRobot co-founder says FTC's opposition to Amazon deal was 'wrong-minded' following bankruptcy filing

  16-12-2025 20:09 via foxbusiness.com
  
  iRobot, the maker of the Roomba vacuum cleaner, filed for bankruptcy protection on Sunday and is pursuing a buyout from its primary manufacturer in China after the company's acquisition by Amazon was blocked over a year ago on antitrust grounds.iRobot first raised concerns about its ability to remain in business in March and filed for Chapter 11 bankruptcy protection in a Delaware bankruptcy court on Sunday as it faces competition from lower-priced rivals and new U.S. tariffs. It now plans
  
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• Inside the Detroit warehouse where America's 'fast and furious' tariffs are enforced

  16-12-2025 19:02 via cbc.ca
  Trade experts say American tariffs have turned routine paperwork into administrative nightmares for manufacturing executives.
  
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• This fast-growing chain says ‘no discounts’ – and it’s paying off

  16-12-2025 17:53 via foxbusiness.com
  
  Cava sets itself apart from rivals with a unique strategy: No discounts.The Mediterranean chain, which has launched hundreds of locations nationwide since its founding nearly a decade ago, is sticking to this strategy, maintaining that it doesn’t need discounts to generate short-term traffic.Co-founder and CEO Brett Schulman told FOX Business that companies can get into a "short-term trap" of throwing discounts to drive transaction growth in the short term. Public companies, he said, feel
  
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• Kraft Heinz names new CEO ahead of major split

  16-12-2025 16:51 via foxbusiness.com
  
  The Kraft Heinz Co. announced on Tuesday that former Kellanova CEO Steve Cahillane will take over next year before the food giant splits into two separate publicly traded companies.   Cahillane will take over as CEO effective Jan. 1, succeeding Carlos Abrams-Rivera, who will still serve as an advisor to the company until March to ensure a seamless leadership transition. When the companies split later in the year, Cahillane will lead the business it's calling Global Taste Elevation
  
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• Scott Bessent says real affordability relief, 'substantial drop' in inflation coming soon

  16-12-2025 16:47 via foxbusiness.com
  
  Cautioning that families are still feeling the sting of Biden-era inflation, U.S. Treasury Secretary Scott Bessent indicated that Americans can expect real affordability relief soon while forecasting meaningful progress on everyday prices, wages and housing as he touted an economy poised for a "bountiful" 2026."We should think that 2025 was setting the table. 2026 is going to be a bountiful year — if the Democrats don't shut down the government," Bessent said in an exclusive interview on "
  
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• Ford retreats from EVs and takes big financial hit as Trump policies grip industry

  16-12-2025 16:47 via cbc.ca
  It's a visible sign of the auto industry's pullback from a technology carmakers wholeheartedly embraced early this decade. Trump policies reduce federal support for EVs, affecting sales and demand.
  
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• Elon Musk reportedly begins funding Republicans for 2026 midterms

  16-12-2025 16:04 via foxbusiness.com
  
  Wealthy business tycoon Elon Musk has started doling out money for the GOP's 2026 House and Senate races, according to Axios.He recently gave large checks to help Republicans emerge victorious in 2026 congressional contests and indicated that he will shell out even more funding amid the election cycle, two sources told the outlet.Axios reported that in November, Musk attended a dinner with Vice President JD Vance, White House chief of staff Susie Wiles and former White House deputy chief of staf
  
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• Bessent says Supreme Court tariff ruling, Fed chair pick expected in January

  16-12-2025 15:43 via foxbusiness.com
  
  Treasury Secretary Scott Bessent said Tuesday that two major decisions – the Supreme Court ruling on tariffs and the selection of a new Federal Reserve chair – will come in January.Bessent told FOX Business Network's Maria Bartiromo that while the administration has "plenty of revenue alternatives," he would like to see the Supreme Court rule in favor of President Donald Trump's trade policy."Economic security is national security. So this ruling is really a national security ruling
  
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• US added 64K jobs in November after losing 105K in October, delayed report shows

  16-12-2025 14:33 via foxbusiness.com
  
  The U.S. economy added jobs in November as economic uncertainty continued to dampen activity in the labor market.The Labor Department on Tuesday reported that employers added 64,000 jobs in November, a figure that was above the 50,000 estimate of economists polled by LSEG.The unemployment rate ticked up to 4.6% for November, which was higher than the 4.4% rate expected by economists. The 4.6% unemployment rate is the highest since September 2021.Job gains in the two prior months in whi
  
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• Ottawa approves merger of Teck and Anglo American

  16-12-2025 06:01 via cbc.ca
  Shareholders last week gave their blessing to the plan, which was first announced in September, to create Anglo Teck, a $70-billion copper mining powerhouse.
  
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• Trump again says he is considering reclassifying marijuana as less dangerous drug

  16-12-2025 03:44 via foxbusiness.com
  
  President Donald Trump on Monday reiterated that he is weighing whether to reclassify marijuana as a less dangerous drug, a statement that mirrors similar comments he made earlier this year and during his 2024 presidential campaign.Speaking to reporters in the Oval Office, the president said he was considering an executive order to reclassify marijuana as a Schedule III drug."We are considering that. A lot of people want to see it, the reclassification, because it leads to tremendous a
  
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• DeSantis says Florida can regulate AI despite Trump’s executive order: 'We have a right to do this'

  16-12-2025 00:31 via foxbusiness.com
  
  Florida Gov. Ron DeSantis, a Republican, said on Monday that state officials have the right to regulate artificial intelligence despite President Trump’s recent executive order aiming to require a national AI standard the president argues would overrule state laws.Speaking at Florida Atlantic University, DeSantis said Trump's order does not block states from adopting their own AI regulations."The president issued an executive order. Some people were saying well no, this blocks the states,"
  
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• LARRY KUDLOW: Thanks to Mr. Trump and Mr. Netanyahu

  16-12-2025 00:20 via foxbusiness.com
  
  This is the holiday season, and it’s supposed to be a time for joy and celebration. It’s Christmas and Hanukkah. And family gatherings, office parties, and beautiful Christmas trees and menorahs. And Santa Claus and putting big smiles on the faces of our kids and our grandchildren. Yet suddenly all the news is horrible. It’s like evildoers are trying to snatch happiness from civilized people.I can’t explain the unmentionable deaths of Rob Reiner and his wife Michele. I ca
  
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