Business news

• Shell CEO expects no valuation hit from climate accord

  26-11-2016 10:55 via news.yahoo.com
  
  Royal Dutch Shell expects to pump out all the fossil fuel reserves listed on its balance sheet, its chief executive said, dismissing concerns that production limits in the wake of the Paris climate accord could hit the energy giant's valuation. In an interview with Dutch newspaper Het Financieele Dagblad, Ben van Beurden said the issue of "stranded" reserves - deposits in the ground that cannot be used because of carbon emissions limitations - would have no impact on balance sheets.
  
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• Costco shoppers stock up on cult-favorite cookies as demand surges nationwide

  19-06-2026 01:58 via foxbusiness.com
  
  Costco shoppers are snapping up a popular Australian snack that recently landed on shelves across the United States, highlighting growing demand for international food brands among American consumers.Tim Tams, the chocolate-covered biscuits made by Australian food giant Arnott's, are now available in bulk packages at Costco warehouses nationwide. The product's arrival has generated significant attention online, with shoppers sharing photos of stocked shelves and discussing the cookies across soc
  
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• JetBlue cuts back at Newark, LaGuardia airports as airline shifts focus to Florida

  19-06-2026 01:05 via foxbusiness.com
  
  JetBlue is cutting back some New York-area operations this fall as it shifts more flying to South Florida.The carrier will close its inflight base at Newark Liberty International Airport and its technical operations bases at both Newark and LaGuardia Airport, JetBlue confirmed to FOX Business. The airline said no employees will lose their jobs as a result of the closures."With recent schedule changes, we are adjusting the operational footprint needed to support our flying going forward," the com
  
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• Canada Post, CUPW sign collective agreements, ending years of heated negotiations

  19-06-2026 00:35 via cbc.ca
  
  Canada Post said Thursday it has officially signed its new collective agreements with the Canadian Union of Postal Workers (CUPW), ending years of tense negotiations and strikes amid questions about the Crown corporation's future.
  
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• LARRY KUDLOW: Trump and Warsh, in Different Ways, Are Both Promoting Really Good News

  19-06-2026 00:10 via foxbusiness.com
  
  One of the most telling statements from President Trump at this week’s G-7 meeting was how worried he was about a potential economic catastrophe related to the Iran war and the closing of the Strait of Hormuz. And equally telling, the president referred to the stock market as a key barometer of the economy.This is very similar to over a year ago when he modified his original liberation day tariff schedules because the stock market tanked badly after his speech. So he made adjustments.And I
  
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• Waymo recalls nearly 4,000 robotaxis after cars enter freeway work zones

  18-06-2026 23:15 via foxbusiness.com
  
  Waymo is recalling nearly 4,000 robotaxis after more than a dozen incidents in which the autonomous vehicles entered closed freeway construction zones, according to a National Highway Traffic Safety Administration (NHTSA) recall report.The recall affects 3,871 vehicles equipped with Waymo's 5th Generation Automated Driving System.According to NHTSA, the software issue could allow a vehicle to enter a closed freeway construction zone and continue traveling at posted speeds. Regulators said affect
  
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• What to look for before buying your first ETF

  18-06-2026 22:03 via foxbusiness.com
  
  Exchange-traded funds (ETFs) are great investment vehicles for gaining instant exposure to different sectors at prices often lower than those of some of the ETF's top stock holdings.For example, Space Exploration Technologies, or SpaceX, closed its first day of trading at just under $161. But the Tema Space Innovators ETF, which holds SpaceX and other space-related investments, is trading below $35 per share.That said, with so many different options to choose from, there's one key question to co
  
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• Bell and Canadian AI firm Cohere sign deal to operate models using Bell infrastructure

  18-06-2026 21:50 via cbc.ca
  
  Under the agreement, Bell will provide data centre capacity at its facility in Merritt, B.C, while two other companies will provide hardware and cloud-layer capabilities.
  
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• Government regulations add nearly $132K to cost of new home, builders say

  18-06-2026 21:21 via foxbusiness.com
  
  Government regulations now add roughly $132,000 to the cost of a typical newly built home, according to a new study from the National Association of Home Builders (NAHB), as industry leaders warn that mounting costs are worsening the nation's housing affordability challenges.The NAHB study found that regulations imposed by federal, state and local governments account for 26.4% of the final price of a new single-family home. Applied to the average sales price of a new home in January, the regulat
  
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• Jeff Bezos predicts AI will create a labor shortage, not replace human workers across the economy

  18-06-2026 20:55 via foxbusiness.com
  
  Amazon founder Jeff Bezos said that the rise of artificial intelligence (AI) won't lead to the replacement of humans in the workforce and will instead create labor shortages.Bezos spoke at the VivaTech technology conference in Paris on Wednesday and offered an optimistic outlook on the impact of AI on the workforce amid concerns about its impact on the role of human workers across the economy."I know there's a lot of concern that many people have, including many smart people, that AI is going to
  
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• Aldi launches free Blind Box grocery bundles as shoppers grapple with higher food costs

  18-06-2026 20:21 via foxbusiness.com
  
  Aldi is launching a limited-time giveaway of mystery grocery bundles, offering shoppers a chance to claim free boxes containing surprise products.The discount grocer said it will release a new themed ALDI Blind Box each day from June 22 through June 25. The boxes will be available while supplies last.Shoppers can claim one box per day beginning at noon ET by visiting AldiBlindBox.com. The boxes will be distributed on a first-come, first-served basis and shipped directly to consumers.YUM BRANDS S
  
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• Ro Khanna backs Trump Iran deal, asks: Why are we rebuilding Iran instead of Ohio?

  18-06-2026 18:45 via foxbusiness.com
  
  Rep. Ro Khanna, D-Calif., is backing President Donald Trump’s newly announced agreement with Iran aimed at formally ending the conflict between the U.S. and Tehran, while also raising questions about the economic commitments tied to the deal and whether similar attention is being paid to struggling American communities.Khanna joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss the agreement, which includes commitments related to Iran's future economic development
  
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• New bill would ban lawmakers, their families from betting on prediction markets

  18-06-2026 16:21 via foxbusiness.com
  
  A new bill would ban lawmakers in Congress from placing bets on prediction markets related to public policy issues and elections that they could be in a position to profit from by using insider information.The Stop Lawmakers From Predicting Act was introduced Thursday by House Administration Committee Chairman Bryan Steil, R-Wis., which would ban members of Congress and their spouses and dependent children from placing a wager on a prediction market on topics that the lawmaker may have inside in
  
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• Hot bet summer? Soon Canadians will be able to trade on prediction markets

  18-06-2026 14:37 via cbc.ca
  
  Canadian retail investors will be able to access prediction markets through a Canadian company this summer, after the platforms had been banned for years. Prediction markets are experiencing explosive growth, and seen as both a financial vehicle and as gambling.
  
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• Detroit automakers, union set to open bargaining against backdrop of tariffs, CUSMA review

  18-06-2026 14:22 via cbc.ca
  
  Unifor, which typically uses pattern bargaining for its auto sector negotiations,will go toe-to-toe with Ford first , just as it did three years ago. Talks with Stellantis and GM are expected to follow.
  
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• Qantas to launch world's longest nonstop commercial flight between Sydney and London

  18-06-2026 13:34 via foxbusiness.com
  
  Qantas plans to launch what it says will be the world's longest nonstop commercial flight in October 2027, connecting Sydney and London with a journey expected to last up to 22 hours.The Australian airline announced Wednesday that nonstop flights between the two cities will begin operating as part of its long-awaited Project Sunrise initiative, which aims to connect Australia's east coast directly with major global destinations.Qantas unveiled the first of its specially configured Airbus A350-10
  
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• Merchandise for UFC Freedom 250 card sets all-time record for single event

  18-06-2026 13:02 via foxbusiness.com
  
  UFC is all in on America 250. UFC announced the launch of exclusive limited-edition apparel collections with four brands that have integrated themselves into streetwear culture: Anti Social Social Club, Warren Lotas, ID Supply Co., and Culture Kings. The limited-edition apparel collections made their debut on the White House South Lawn on Sunday during the UFC Freedom 250 spectacle and have flown off the shelves.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMThe collaborations w
  
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• Some artists feeling 'blue dot fever,' fans say, as high ticket prices make concertgoers more selective

  18-06-2026 10:00 via cbc.ca
  
  The name "blue dot fever" comes from the blue dots on Ticketmaster's website, indicating unsold seats. Some fans say they're going to fewer shows because of the high price tag.
  
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• NHL fans will now have to pay to watch games on Sportsnet. What that means for Rogers — and CBC

  18-06-2026 10:00 via cbc.ca
  
  The National Hockey League season came to a close this month and with it came the end of an era as longtime partners Rogers and CBC were unable to come to a new agreement for NHL broadcasts. So Canadian fans will only be able to watch games in Canada if they pay for a Sportsnet cable or streaming subscription.
  
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• Apple CEO says price hikes are ‘unavoidable’ as rising chip costs squeeze tech giant: report

  18-06-2026 03:36 via foxbusiness.com
  
  Apple customers may soon pay more for their favorite devices as the company faces soaring costs for memory and storage chips.The tech giant's CEO, Tim Cook, told The Wall Street Journal that Apple has tried to absorb the increases but can no longer fully protect customers from higher prices. Cook did not say when prices would rise or which products would be affected."Unfortunately, price increases are unavoidable," Cook told the outlet. "We're doing our best to mitigate the huge increases that a
  
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• Ford and NASCAR team up for military tribute during America’s 250th anniversary year

  18-06-2026 03:11 via foxbusiness.com
  
  Ford Motor Company and NASCAR are revving up a new tribute to U.S. service members and military families.The companies are joining forces during America’s 250th anniversary year to launch a military-focused campaign anchored by a new Veterans Day race and a limited-edition Super Duty Proud to Honor package that will support Blue Star Families, a nonprofit serving military and veteran families.Ford and NASCAR are unveiling the campaign Wednesday during a tribute event aboard the USS Midway
  
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• LARRY KUDLOW: Kevin Warsh’s message to markets — good news can be good news again

  17-06-2026 23:36 via foxbusiness.com
  
  Kevin Warsh’s maiden voyage press conference as the new Fed chairman was a masterful performance. He was knowledgeable, succinct, collegial, humble. By the way, so was the Fed’s press release. Short and sweet. My two biggest takeaways were first: the central bank’s emphasis right now is on price stability. Their statement emphasized strong productivity and business capital investment, along with job gains and low unemployment. By the way, productivity and business investme
  
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• Home sellers could boost offers by thousands with this surprising paint color

  17-06-2026 23:17 via foxbusiness.com
  
  A fresh coat of paint could help homeowners draw higher offers when it comes time to sell.Buyers are showing growing interest in warm, comfortable colors over plain white walls, according to Zillow’s 2026 Paint Color Analysis. The highest-value interior paint choice was chocolate brown in a bedroom, which could add an estimated $2,277 to a home’s offer price."When it comes to getting the most out of your home before selling, paint is one of the easiest and most affordable places to s
  
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• U.S. Federal Reserve leaves interest rate unchanged, but some policymakers expect hike this year

  17-06-2026 21:32 via cbc.ca
  
  The Federal Reserve held interest rates steady on Wednesday, but policymakers ‌expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the U.S. central bank's two per cent target.
  
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• Oil prices fluctuate as Trump's Iran deal could fully reopen Strait of Hormuz

  17-06-2026 20:57 via foxbusiness.com
  
  Oil prices fluctuated on Wednesday as investors cautiously await a forthcoming deal to end the war between the United States and Iran.The terms of the preliminary agreement have not been released by either country, but traders will be eyeing whether the negotiations will ultimately lead to the Strait of Hormuz being reopened to commercial traffic, as President Donald Trump has claimed. The agreement is expected to be signed on Friday.The market showed restrained optimism, with the price of Brent
  
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• Federal Reserve leaves interest rates unchanged as Warsh era begins

  17-06-2026 20:00 via foxbusiness.com
  
  The Federal Reserve on Wednesday announced that it will hold interest rates steady due to concerns about elevated inflation amid the war in Iran, as Fed Chair Kevin Warsh's tenure leading the central bank begins in earnest.Fed policymakers voted 12-0 to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank's decision to hold rates steady in January, March and April following three successive 25-basis-point rate cuts in Sept
  
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• G7 backs Canada as major global energy supplier to lessen reliance on Strait of Hormuz

  17-06-2026 19:26 via cbc.ca
  
  Canada is poised to become a key and reliable supplier of energy to the G7 after leaders meeting in France embraced this country's potential to deliver "significant additional capacity" to global markets to reduce dependence on oil and gas coming through the Strait of Hormuz.
  
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• Median US home price projected to hit $1 million by 2050 — right as millennials retire

  17-06-2026 19:01 via foxbusiness.com
  
  Millennials planning for retirement may need to prepare for a vastly different real estate landscape.According to new projections from National Association of Realtors (NAR) chief economist Lawrence Yun, the national median home price is on track to hit $1 million by 2050 — just as millennials reach the traditional retirement age."Essentially, in about 25 years the national median home price will be a million dollars," Yun said at a conference in Washington, D.C., on Tuesday. "It may be ha
  
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• 5 simple ETFs to buy with $500 and hold for a lifetime

  17-06-2026 17:40 via foxbusiness.com
  
  There's a misconception that people need thousands and thousands of dollars before they can start investing. But in today's world, brokerage accounts can be opened with no initial deposit required, and you can start by buying just one share. That means in many cases your investing journey can start with less than the cost of a DoorDash delivery!Whether you're looking to get started or add to an existing portfolio, ultra-low-cost index ETFs are usually the best choice. Many of these give you broa
  
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• Canada's population drops in first quarter of 2026

  17-06-2026 16:58 via cbc.ca
  
  Canada's population dipped by about 55,000 people in the first three months of this year, according to new numbers from Statistics Canada, which on Wednesday set the population at 41,417,056.
  
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