Business news

• Solar eclipse: the prime watching spots are along the 'path of totality'

  05-04-2024 13:00 via foxbusiness.com
  
  There is a solar eclipse happening on Monday, and many people have hopes of witnessing the rare phenomenon for themselves. The total solar eclipse, when the moon entirely hides the sun, will only be viewable from places that fall within the path of totality, NASA has said, making those prime candidates for eclipse-watching spots. During the brief period of total sun coverage, it will get significantly darker."As long as a location is along the path of totality, then it basically all comes d
  
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• OpenAI didn't realize its agent was responsible for hack for a week: report

  25-07-2026 23:26 via foxbusiness.com
  
  OpenAI didn’t catch an autonomous breach of another artificial intelligence (AI) company by one of its advanced AI models for a week and not until after the FBI had been contacted by the hacked company, according to a report.On Tuesday, OpenAI announced the breach of AI company Hugging Face that happened during one of OpenAI’s internal reviews of several of its models, including GPT-5.6 Sol, calling it an "unprecedented cyber incident.""The primary lesson from this incident is that m
  
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• Forget gasoline: This overlooked fuel could raise the price of nearly everything you buy

  25-07-2026 17:58 via foxbusiness.com
  
  The fuel most Americans never think about could become the Iran conflict's biggest economic consequence. While gasoline prices grab headlines, diesel quietly powers the trucks, farms, freight trains and heavy equipment that keep the U.S. economy moving.From the groceries on supermarket shelves to the Amazon package on your doorstep and the materials used to build new homes, diesel is embedded in nearly every step of the supply chain. As prices rise, businesses face higher transportation costs th
  
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• 'Getting filtered out': Young Americans struggle to land jobs in the new hiring landscape

  25-07-2026 13:00 via foxbusiness.com
  
  Artificial intelligence is reshaping the hiring process, but for many recent graduates, it is also creating new frustrations. As employers increasingly rely on automated screening tools to sort through thousands of applications, job seekers say they worry qualified candidates are being filtered out before a hiring manager ever sees their resume.Marist graduate Samantha Kehler joined FOX Business’ Maria Bartiromo on "Mornings with Maria" to discuss how AI has changed her search for work and
  
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• Waymo’s driverless cars involved in 68% fewer crashes than human drivers, U.S. study finds

  25-07-2026 10:00 via cbc.ca
  
  Waymo driverless cars were involved in 68 per cent fewer crashes than human drivers over a three-year period across four U.S. cities, according to new data from the U.S. Insurance Institute for Highway Safety.
  
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• Mushroom farmers concerned about U.S. tariffs, market shares

  25-07-2026 10:00 via cbc.ca
  
  Some Canadian mushroom farmers are raising concerns over how the latest American tariffs on the product could impact their sales on both sides of the border.
  
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• Interprovincial booze rules may be easing, but other trade barriers still remain

  25-07-2026 10:00 via cbc.ca
  
  Though it will soon be easier for Canadians to buy alcohol from outside their home provinces, a litany of other barriers remain. Here's a look at some key issues that hinder the free flow of goods, services and labour between provinces.
  
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• Brooklyn Roasting Company recalls cold brew sold in New York and New Jersey over botulism risk

  25-07-2026 01:30 via foxbusiness.com
  
  A New York-based coffee company is recalling some of its cold brew drinks sold in New York and New Jersey because of a risk of botulism, according to the U.S. Food and Drug Administration.The Brooklyn Roasting Company issued the recall this month for 2.5 gallon bags of pasteurized cold brew concentrate after finding that room temperature storage could lead to the growth of Clostridium botulinum toxin formation.The affected products were distributed between April 1 and June 20, and they include b
  
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• AI innovation is outpacing governance, leaving companies exposed, EqualAI warns

  24-07-2026 23:36 via foxbusiness.com
  
  The artificial intelligence (AI) race is intensifying as developers push for increasingly capable AI tools and companies race to deploy AI tools to take advantage of its efficiency gains and reap financial benefits – but a new report warns companies lack sufficient governance for AI tools.This week saw a high-profile incident involving AI, in which an internal test of AI models by ChatGPT-maker OpenAI resulted in the models exploiting a software flaw, escaping containment and hacking into
  
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• Paramount agrees to delay Warner Bros Discovery merger until 2027 as lawsuit to block it goes through court

  24-07-2026 23:16 via foxbusiness.com
  
  Paramount agreed to delay its pending Warner Bros. Discovery merger until next year in order for the lawsuit brought by several state attorneys general to play out in court, according to a Friday filing.The merger was put on hold earlier this week after a judge granted a temporary restraining order that initially put a 14-day pause on the multibillion-dollar deal with the lawsuit led by California Attorney General Rob Bonta pending."Today’s agreement is a significant win because the result
  
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• Nvidia, Microsoft urge US to avoid broad restrictions on open AI models

  24-07-2026 23:12 via foxbusiness.com
  
  Nvidia, Microsoft, Meta and more than 20 other technology companies are urging U.S. policymakers not to broadly restrict open-weight artificial intelligence (AI) models, saying the technology is critical to maintaining America's leadership in the global AI race.In a joint letter released Friday, the companies argued that open AI models accelerate innovation, strengthen cybersecurity and help ensure the U.S. remains competitive as countries race to develop increasingly powerful AI systems."Our AI
  
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• One type of Social Security adjustment could cut the 75-year shortfall in half

  24-07-2026 22:00 via foxbusiness.com
  
  Social Security's looming insolvency in under a decade could be delayed by a change to how the annual cost-of-living adjustment (COLA) is calculated, with a new analysis finding that it could cut the entitlement program's 75-year fiscal shortfall in half.The nonpartisan Committee for a Responsible Federal Budget (CRFB) proposed a COLA cap that would limit the dollar amount of the annual increase in Social Security benefits received by those with higher benefit amounts. That proposal was similar
  
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• Tech billionaire ordered to pay $645M to ex-wife in South Korea's ‘divorce of the century’

  24-07-2026 21:54 via foxbusiness.com
  
  A South Korean court ordered billionaire SK Group Chairman Chey Tae-won to pay his former wife more than $640 million in a divorce settlement that could force him to sell assets, borrow money or pledge shares as collateral.The Seoul High Court ruled Friday that Chey must pay Roh Soh-yeong 944 billion won (about $645 million), marking the largest divorce asset award in South Korean history. It's been dubbed the so-called "divorce of the century."The payout is substantially lower than the 1.38 tri
  
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• Magnificent 7 stocks shed hundreds of billions amid AI spending fears

  24-07-2026 20:00 via foxbusiness.com
  
  Shares in the Magnificent 7 tech stocks have slumped this week amid investors' concerns about massive spending by hyperscalers on artificial intelligence infrastructure amid uncertainty about the global economy due to the resumption of hostilities in the Iran war.The so-called Magnificent Seven tech stocks experienced their biggest one-day drop in over a year on Thursday, with Bloomberg reporting that an index of the group fell 4.8% and erased about $787 billion in market value – the steep
  
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• OpenAI co-founder warns AI models are becoming harder to control after its model hacked another firm

  24-07-2026 19:31 via foxbusiness.com
  
  OpenAI co-founder and president Greg Brockman said at an event that AI models are becoming so advanced and multi-faceted that engineers are struggling to monitor and control them.Brockman, while speaking at a private OpenAI media roundtable in New York City this week, addressed a recent incident where one of the company's AI models broke out of what was supposed to be a secure sandbox and hacked into Hugging Face, an online platform for AI learning.The model believed Hugging Face had solutions t
  
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• Americans save more than $700M on prescription medications through TrumpRx, White House says

  24-07-2026 19:13 via foxbusiness.com
  
  New White House data obtained by FOX Business shows that Americans have saved more than $700 million on prescription medications using TrumpRx.gov and most-favored-nation pricing.More than 800 brand-name and generic medications from the 17 largest pharmaceutical companies can be found on the website with transparent pricing.Praluent, a powerful cholesterol medication, will be added to TrumpRx.gov on Friday. The drug helps reduce the risk of stroke and heart attack for patients.US SHOULDERS DISPR
  
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• Panthers make long-term decision on stadium name amid $1.3 billion worth of enhancements, team investments

  24-07-2026 18:51 via foxbusiness.com
  
  A mainstay in the Carolinas will keep its sense of familiarity while also getting a modern-day makeover.The NFL's Carolina Panthers have reached a long-term agreement with Bank of America to extend one of the NFL's longest stadium naming rights deals.Along with fan-focused enhancements and an increase in private investments, the long-term plan is worth more than $1.3 billion.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMThe agreement will keep the stadium known as "The Bank" for the fore
  
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• Amazon Prime settlement: How eligible customers can claim their refund

  24-07-2026 18:25 via foxbusiness.com
  
  Some Amazon Prime customers have days remaining to file claims for refunds of up to $51 under the company’s $2.5 billion settlement with the Federal Trade Commission.Claims must be submitted by July 27, 2026, through the official settlement website. The deadline applies to eligible consumers who have not already received an automatic payment.Amazon agreed in September 2025 to place $1.5 billion into a consumer refund fund and pay a separate $1 billion civil penalty. The company did not adm
  
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• Dave Portnoy says USA Today writer belongs in 'insane asylum' over Caitlin Clark-Emmett Till comparison

  24-07-2026 16:57 via foxbusiness.com
  
  Dave Portnoy called for the firing of a USA Today columnist who compared WNBA star Caitlin Clark to the 1955 lynching of Emmett Till, arguing the writer belongs in an "insane asylum" for the piece.Speaking on "Varney & Co.," the Barstool Sports founder ripped into columnist Nancy Armour, declaring her comparison between Indiana Fever star Clark and the murder of Black teen Emmett Till the "craziest thing" he’s seen in more than two decades of sports media."We've got to put her in a str
  
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• Albertsons warns of softer grocery demand as consumers pull back

  24-07-2026 15:34 via foxbusiness.com
  
  Albertsons lowered its fiscal 2026 sales and earnings outlook Thursday after weaker grocery demand and a more cautious consumer weighed on its first-quarter performance.The grocery chain now expects identical sales to decline between 0.5% and 1.5% for the full fiscal year, compared with its previous forecast of flat sales to 1% growth.Albertsons also cut its adjusted earnings forecast to between $1.75 and $1.85 per share, down from its prior range of $2.22 to $2.32. Adjusted EBITDA is now expect
  
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• Why Quebec has not — yet — signed Canada's direct-to-consumer alcohol sales deal

  24-07-2026 10:00 via cbc.ca
  
  Nine Canadian provinces will soon allow wineries, distilleries, and breweries to sell their alcohol directly to consumers outside their home provinces, but Quebec has not yet signed the agreement. So why is Quebec staying on the sidelines?
  
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• What's the economic benefit of a bridge? Gordie Howe by the numbers

  24-07-2026 10:00 via cbc.ca
  
  After 25 years of planning, seven years of construction and months of delays, the first trucks are finally set to roll over the Gordie Howe bridge on Monday. In tow will be some of the billions of dollars worth of goods that pass through the Windsor-Detroit corridor, which the bridge will help get to their destinations faster — saving time and money.
  
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• Billions in trade, 850,000 hours saved and a $6.4B price tag: Gordie Howe bridge by the numbers

  24-07-2026 10:00 via cbc.ca
  
  After 25 years of planning, seven years of construction and months of delays, the first trucks are finally set to roll over the Gordie Howe bridge on Monday. In tow will be some of the billions of dollars worth of goods that pass through the Windsor-Detroit corridor, which the bridge will help get to their destinations faster — saving time and money.
  
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• Trump administration unveils new tariffs on 60 trading partners as temporary duties expire

  24-07-2026 05:15 via foxbusiness.com
  
  The Trump administration is set to impose new tariffs of 10% and 12.5% on imports from 60 trading partners beginning Friday as a temporary global tariff expires.The move comes after the Supreme Court in February struck down President Donald Trump's "reciprocal" tariffs of 10% to 50% that were imposed last year. In response, Trump implemented a temporary 10% global tariff under Section 122 of the Trade Act of 1974 that expires at 12:01 a.m. ET Friday.The Office of the U.S. Trade Representative an
  
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• Walmart recalls over 16,000 dressers that violate federal safety law due to potentially deadly hazard

  24-07-2026 03:40 via foxbusiness.com
  
  Federal safety regulators have recalled more than 16,800 fabric dressers sold through Walmart.com after determining the units fail to meet mandatory federal stability standards designed to prevent tip-over accidents involving children.The Consumer Product Safety Commission (CPSC) announced Thursday that about 16,809 EnHomee 9-Drawer Fabric Dressers are being recalled because they are unstable if not anchored to a wall, creating tip-over and entrapment hazards that could result in serious injury
  
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• WestJet allowing passengers to change or cancel certain flights due to threat of strike

  24-07-2026 02:51 via cbc.ca
  
  WestJet is giving passengers with bookings from July 30 to Aug. 4 the opportunity to cancel or change their flights for free in light of the ongoing labour dispute with flight attendants.
  
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• More than 1.5 million dozen egg cartons recalled over possible salmonella contamination

  24-07-2026 01:52 via foxbusiness.com
  
  More than 1.5 million dozen shell eggs sold in six states have been voluntarily recalled over potential salmonella contamination, federal regulators announced Wednesday. The U.S. Food and Drug Administration (FDA) said Midwest Poultry Services initiated the voluntary recall, affecting 1,589,577 dozen cartons of white shell eggs and brown cage-free shell eggs. Officials said the recalled products were sold under several brands, including Kroger, Brookshire's, Country
  
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• Mortgage rates hit highest level in nearly a year

  24-07-2026 00:09 via foxbusiness.com
  
  Mortgage rates rose again this week and reached the highest level in nearly a year, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey showed the average interest rate on the benchmark 30-year fixed mortgage rose to 6.58% this week, up from 6.55% last week.This week's reading is the highest in about 11 months. The 30-year fixed mortgage rate was last at 6.58% Aug. 21, 2025. At this time a year ago, the rate was 6.74%.HOUSING AFFORDABILITY TO IMPROVE AS H
  
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• LARRY KUDLOW: GOP needs a swag-worthy message on draining swamp, slashing middle-class taxes for growth

  23-07-2026 23:46 via foxbusiness.com
  
  There’s no question that the Congressional Democrats and their socialist/communist DSA allies want to block every single item that President Trump is trying to get through Congress. It’s Trump derangement syndrome. They’re opposed to military spending for peace through strength, and opposed to supplemental spending on the Iran war.They’re completely blind to the fact that their Joe Biden-Barack Obama big government socialism has sprung millions of fraudulent and corrupt a
  
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• Department of War taps Oracle for software deal worth nearly $7B

  23-07-2026 23:24 via foxbusiness.com
  
  The Department of War announced Thursday that it awarded Oracle a software contract worth nearly $7 billion aimed at cutting costs and modernizing technology across the military.The agreement carries a base value of $3.31 billion over its first five years and could reach $6.99 billion if the government exercises an additional five-year option, according to Oracle.The department said the contract is projected to save taxpayers at least $441 million by consolidating fragmented Oracle software purc
  
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