Business news

• Snapchat AR Game Lenses ‘Snappables’: What You Need To Know

  26-04-2018 05:23 via ibtimes.com
  Snap Inc. has just revealed that it is introducing a set of augmented reality games to its Snapchat app soon. Not only that, new Lenses are coming to the multimedia messaging app as well.
  On Wednesday, Snap announced on its website its new Lenses, called “Snappables.” According to the company, Snappables will have a special purpose in the upcoming augmented reality games. Through Snappables, users will be able to do the tasks in the AR games.
  
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• Mom says viral video shows her being booted from Georgia restaurant for breastfeeding her baby

  14-12-2025 23:40 via foxbusiness.com
  
  A Florida mother says a man she believed to be the owner of a popular riverside restaurant in Georgia yelled at her and ordered her to leave after she breastfed her infant — an encounter she says she recorded on her cellphone that shows a man shouting, "Get on out of here!"The incident happened at Toccoa Riverside Restaurant in Blue Ridge, according to Aris Kopiec, and has since spread widely online, reigniting scrutiny of the business’ treatment of young families.Kopiec told FOX Bus
  
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• Amazon sold baby products now recalled over serious death risk to infants and children

  14-12-2025 18:01 via foxbusiness.com
  
  The U.S. Consumer Product Safety Commission (CPSC) recalled several baby and children’s items sold on Amazon because they pose safety hazards, including exposure to toxins and drowning risk.Here’s a look at the products affected, the hazards they pose, and what consumers should do if they have purchased one of these items.More than 2,600 infant walkers sold on Amazon have been recalled due to a risk of serious injury or death. The recalled infant walkers fail to stop at the edge
  
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• Powell says he wants to 'turn this job over' with economy in 'really good shape' before departure

  14-12-2025 17:46 via foxbusiness.com
  
  Despite nearing the end of his term, Federal Reserve Chairman Jerome Powell sidestepped any discussion of his legacy, emphasizing instead the goals he wants to lock in before passing the reins."I really want to turn this job over to whoever replaces me with the economy in really good shape. That's what I want," Powell said during a Dec. 10 press conference following the central bank's interest rate decision.FROM MORTGAGES TO CAR LOANS: AFFORDABILITY RISES AND FALLS WITH THE FED"I want inflation
  
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• Powerball jackpot skyrockets after $1B prize goes unclaimed

  14-12-2025 15:52 via foxbusiness.com
  
  The Powerball jackpot has surged to an eye-popping $1.1 billion after no ticket matched all six numbers in Saturday night’s drawing, leaving the massive prize up for grabs.The winning numbers for the Dec. 13 drawing were 1, 28, 31, 57, 58 and the Powerball number was 16, but no one claimed the top prize.While the jackpot went unclaimed, several players still scored big, including $2 million Power Play winners in North Carolina and Pennsylvania and $1 million winners in California, Florida,
  
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• Cara Delevingne slashes NYC home price to $9.9M from the original $11M

  14-12-2025 15:00 via foxbusiness.com
  
  Cara Delevingne is ready to part ways with her New York City home.The 33-year-old model has placed her historic home in Gramercy Park on the market for $9.9 million with listing broker Stefani Berkin of R New York.She originally listed the home for $11 million in October but later chose to drop the price, and, according to The New York Post, is now projected to sell the home at a loss."We made a proactive, strategic adjustment to align the property with where the market currently is," Berkin tol
  
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• Bessent expects taxpayers will see 'very large' tax refunds early next year

  14-12-2025 11:00 via foxbusiness.com
  
  Treasury Secretary Scott Bessent said American households will see "very large refunds" in the tax filing season early next year following policy changes under the One Big Beautiful Bill Act (OBBBA).Bessent spoke to NBC10 Philadelphia on Tuesday ahead of an event touting the Trump administration's economic policies and said American taxpayers could see sizable refunds following the enactment of the OBBBA.The treasury secretary noted that the tax law included retroactive provisions for
  
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• Canadians under 35 are debt-stressed — and buy now, pay later ubiquity isn't helping

  14-12-2025 10:00 via cbc.ca
  Canadians under 35 are seeking debt relief services in higher numbers and missing credit payments at higher rates. Student loans, first credit cards and slow wage growth aren't helping, but experts say the ubiquity of "buy now, pay later" plans are making the problem worse.
  
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• Arkansas to become first state to cut ties with PBS: 'Not feasible'

  14-12-2025 09:58 via foxbusiness.com
  
  Arkansas is set to become the first state to sever ties with PBS, after the commission that oversees public television in the state voted to end its contract with the broadcast company.The eight-member Arkansas Educational Television Commission announced on Thursday that it plans to disaffiliate from PBS starting July 1.The commission, which is made up entirely by governor-appointed members, pointed to annual membership dues of about $2.5 million that it described as "simply not feasible."TRUMP
  
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• Universal Orlando theme park coaster death ruled accidental

  13-12-2025 16:51 via foxbusiness.com
  
  The death of 32-year-old Kevin Rodriguez Zavala was ruled accidental, and the investigation has been closed, according to an incident report from the Orange County Sheriff's Office.Zavala was riding a high-speed roller coaster at Universal Orlando's Epic Universe theme park when he was found unresponsive. The sheriff's office said security footage showed that Zavala was "engaged and well" at the start of the ride but was unresponsive when the coaster arrived back at the loading/unloading dock.St
  
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• Paramount and Netflix face similar antitrust hurdles in Warner Bros Discovery bids, expert says

  13-12-2025 15:00 via foxbusiness.com
  
  Paramount, a Skydance Corporation, and Netflix both want to purchase Warner Bros. Discovery but would face similar antitrust issues and might have to alter plans to satisfy regulators, according to a competition law guru. Warner Bros. Discovery (WBD) agreed to sell its film and television studios and streaming platform, HBO Max, to Netflix in a cash-and-stock deal valued at $27.75 per share. But then Paramount announced Monday an all-cash tender offer to acquire WBD for $30.0
  
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• Joe Jonas' former LA home hits the market for nearly $4M

  13-12-2025 15:00 via foxbusiness.com
  
  Joe Jonas' former Los Angeles home is now up for grabs.The West Hollywood home is officially on the market for nearly $4 million, in partnership with listing agents Brent Watson and Marco Salari of The Beverly Hills Estates.Once featured in Architectural Digest, the home features 3,773-square-feet of living space, including four bedrooms and four-and-a-half bathrooms.The home also includes a full kitchen with a butler’s pantry, as well as an additional room that can serve as a library, med
  
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• A Dior calendar for $11K? Here’s how the humble advent calendar has gone bananas

  13-12-2025 10:00 via cbc.ca
  Today you can buy an advent calendar containing almost any product you can imagine, from Lego to whisky, ice cream to jewelry, sex toys to fishing lures.
  
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• Trump administration announces shift of ‘Biden-Buttigieg era’ Amtrak executive bonuses to frontline workers

  13-12-2025 02:23 via foxbusiness.com
  
  The U.S. Department of Transportation (DOT) announced Thursday it has helped redirect "exorbitant" executive payouts at Amtrak — put in place under the Biden administration — into $900 bonuses for more than 18,000 frontline workers.The DOT said it reached an agreement with Amtrak’s management and board of directors to shift roughly half of leadership bonuses to Amtrak’s unionized frontline employees this holiday season, recognizing what officials described as a "record ye
  
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• Trump says Warsh, Hassett are leading contenders for Fed chair pick

  12-12-2025 22:46 via foxbusiness.com
  
  President Donald Trump said Friday he is focusing on two candidates to chair the Federal Reserve next year, with former Fed Governor Kevin Warsh and National Economic Council Director Kevin Hassett the leading contenders.Trump was interviewed by The Wall Street Journal and said Warsh is at the top of the list, adding he and Hassett are at the forefront of the decision."Yes, I think he is. I think you have Kevin and Kevin. They're both — I think the two Kevins are great," Trump sa
  
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• Arizona city unanimously rejects AI data center after residents' outcry

  12-12-2025 21:32 via foxbusiness.com
  
  The Chandler, Arizona, city council voted unanimously Thursday against clearing the way for construction of an AI data center.Cheers and applause erupted after the unanimous vote outcome was announced.Ahead of the vote, multiple people delivered remarks to register their opposition to the prospect of allowing the construction of the center, and some in the audience held signs opposing the proposed project. TIME MAGAZINE PUTS AI LEADERS ON ‘PERSON OF THE YEAR’ COVERSome people he
  
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• Trump says he has brought down mortgage payments by nearly $3,000 a year

  12-12-2025 19:41 via foxbusiness.com
  
  President Donald Trump is touting improvements in mortgage costs since he took office as he looks to address Americans' concerns about affordability amid persistent inflation in the economy.Trump spoke at a rally in Pennsylvania on Monday and blamed the Biden administration for high housing costs, saying that "America is winning again" because of his policies. The president also displayed a chart showing that annual total mortgage payments increased over $14,600 during former President
  
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• Lululemon CEO Calvin McDonald to step down

  12-12-2025 18:46 via foxbusiness.com
  
  Lululemon Athletica Inc. announced Thursday that CEO Calvin McDonald is stepping down early next year as the brand struggles to compete in the highly competitive sector.McDonald will step down on Jan. 31, 2026, but will continue to serve as a senior advisor to the company through March 31. Lululemon Chief Financial Officer Meghan Frank and Chief Commercial Officer André Maestrini will serve as interim co-CEOs as the board of directors looks for McDonald's replacement. The company sai
  
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• Cannabis stocks surge on report Trump seeks to ease restrictions

  12-12-2025 17:05 via foxbusiness.com
  
  Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.U.S.-listed shares of Tilray Brands gained 35%, while SNDL, Canopy Growth and ETF AdvisorShares Pure US Cannabis were up between 20% and 31% in morning trading.According to the report from Thursday, Trump plans to direct agencies to reclassify marijuana as a Schedule III drug, reducing oversight of
  
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• Bill Gates says Trump admin foreign aid cuts causing 'lots of deaths'

  12-12-2025 15:52 via foxbusiness.com
  
  Microsoft co-founder Bill Gates, a philanthropist who chairs the Gates Foundation, indicated to Politico's Dasha Burns during an interview that the Trump administration's cuts in U.S. foreign aid have resulted in many deaths.Gates told Burns that America is not the only country that has cut assistance.In the Gates Foundation's 2025 Goalkeepers report, he asserted that "In 2024, 4.6 million children died before their fifth birthday. In 2025, that number is projected to rise for the first time thi
  
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• Instacart’s AI pricing experiment drives up costs for some shoppers, study says

  12-12-2025 14:56 via foxbusiness.com
  
  Instacart is using AI-enabled pricing experiments that are substantially raising the prices of identical products for different customers, according to an investigation by Consumer Reports and Groundwork Collaborative. By comparing shopping carts of consumers who were instructed to buy the same products on the platform at the same time, researchers found that in some cases the price difference was as high as 23%.Lindsay Owens, the executive director of Groundwork Collaborative, told FOX Bus
  
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• Sherrone Moore may be out millions in Michigan contract money after firing, arrest

  12-12-2025 14:32 via foxbusiness.com
  
  Sherrone Moore was fired as Michigan's head football coach after the university discovered that he was in an "inappropriate relationship" with a staffer. Hours later, he was in police custody.The university announced that Moore, who won a national championship less than two years ago as the team's offensive coordinator under then-head coach Jim Harbaugh, was fired for cause.Given the circumstances of the firing, Michigan may be off the hook for the remainder of the contract.CLICK HERE FOR MORE S
  
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• Powell says rate cuts won't make 'much of a difference' for struggling housing sector

  12-12-2025 14:30 via foxbusiness.com
  
  Federal Reserve Chair Jerome Powell warned that the housing sector's struggles are likely to continue with interest rate cuts unlikely to move the needle significantly to address challenges with inventory and affordability.Powell spoke at a press conference Wednesday after Fed policymakers moved to cut the benchmark federal funds rate by 25 basis points for the third consecutive meeting. In his opening remarks, the chairman noted that "activity in the housing sector remains weak."Durin
  
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• ‘This place will win’: Business leaders say West Palm Beach is becoming America’s next big boomtown

  12-12-2025 12:00 via foxbusiness.com
  
  West Palm Beach is no longer just a sun-soaked getaway for retirees and winter tourists — it's rapidly becoming one of the country’s most sought-after business destinations.As tech firms, financial giants and fast-growing startups move in, top executives say the city’s lifestyle, tax climate and talent influx are rewriting Florida’s economic identity. And for leaders already investing there, one message to other companies is clear: "Come and see for yourselves. You'll fin
  
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• Air Canada wins court battle to quash $2,000 payout to passenger for delayed luggage

  12-12-2025 10:00 via cbc.ca
  Following an 11-month court battle, Air Canada has successfully overturned a Canadian Transportation Agency (CTA) decision requiring the airline to pay a passenger $2,079 for delayed baggage. But the case isn't over yet.
  
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• Sanders accuses Trump of ‘authoritarianism’ in Warner Bros battle

  12-12-2025 09:58 via foxbusiness.com
  
  Sen. Bernie Sanders, I-Vt., is accusing President Donald Trump of embracing "authoritarianism" after learning that Jared Kushner helped advance Paramount’s hostile takeover bid for Warner Bros. Discovery."A handful of giant corporations already control much of the media," Sanders wrote Wednesday in an X post. "Trump wants to make it worse. He vows to ‘be involved’ in allowing his billionaire allies, his son-in-law, and the Saudis, Qataris and Emirates to buy Warner Bros."Sander
  
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• 51 babies across 19 states fall ill from botulism linked to ByHeart baby formula

  12-12-2025 06:53 via foxbusiness.com
  
  At least 51 babies have been hospitalized in a growing botulism outbreak tied to contaminated baby formula, federal health officials announced Wednesday.The Food and Drug Administration (FDA) said suspected and confirmed cases have now been reported in 19 states among infants who consumed ByHeart formula — up from 39 cases across 18 states one week ago.Based on the CDC’s expanded review of the cases, infants as young as 2 weeks and up to 8 months old hav
  
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• Southwest CEO calls airport lounges 'huge' benefit for customers as carrier explores expansion: report

  12-12-2025 03:20 via foxbusiness.com
  
  Southwest Airlines is reportedly pursuing the launch of its own network of airport lounges as the carrier looks to expand its premium offerings.The Dallas-based airline, working alongside credit card partner Chase, is currently exploring airport leases and possible lounges, CNBC reported."I think lounges would be a huge, next benefit for our customers," Southwest Airlines CEO Bob Jordan told CNBC on Wednesday. "And you [would] have a lounge network that allows you to offer that premium credit ca
  
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• Disney CEO defends massive AI deal, says creators won't be threatened

  12-12-2025 03:00 via foxbusiness.com
  
  After Disney announced a $1 billion equity investment in OpenAI, CEO Bob Iger assured creators in an interview Thursday their jobs would not be threatened. The rise of artificial intelligence has been acutely felt by those in the entertainment industry who are wary of being replaced and see that images, animation and even voice acting can be done in moments with rapidly improving AI programs. Sora, in particular, is a program with which users, merely by typing, can create short videos
  
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• Costco shatters records with massive pizza and pie sales during holiday season

  12-12-2025 02:25 via foxbusiness.com
  
  Costco Wholesale is moving through the holiday season with momentum, unveiling a string of record-breaking sales that helped drive a stronger-than-expected first quarter. During the retail giant's Q1 2026 earnings call Thursday, CFO Gary Millerchip pointed to a few "fun facts about the holiday selling season so far," including unprecedented pizza, pie and e-commerce sales.Holiday sales highlights:Approximately 358,000 whole pizzas were served at Costco's U.S. food courts, a 31% jump from la
  
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