Business news

• This sector has dominated ETF returns so far in 2026

  09-06-2026 14:24 via foxbusiness.com
  
  So far this year, semiconductors and the physical infrastructure of artificial intelligence (AI) are dominating the exchange-traded fund (ETF) scene. For example, the iShares Semiconductor ETF is up 89% year to date. Given the intense interest – and investments – in AI, this makes sense.Semiconductors and AI reinforce each other in a tight loop. AI depends on ever more sophisticated chips to run. Now, AI is changing how chips are designed and where they're manufactured. In short, AI
  
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• SpaceX stock jumps after record IPO, making Musk the first trillionaire

  12-06-2026 19:36 via cbc.ca
  
  SpaceX jumped over 20 per cent in its Nasdaq debut on Friday, making the company worth more than $2 trillion US, and leading Forbes to estimate CEO Elon Musk's net worth at $1.1 trillion US. It's expected to be included in the Nasdaq 100 within weeks, making it a major holding for passive funds and ETFs that track the index.
  
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• SpaceX kicks off wave of monster IPOs: What to know about companies going public

  12-06-2026 10:00 via cbc.ca
  
  IPOs like SpaceX, Anthropic and OpenAI have dominated headlines lately, as a number of high-profile private companies announced they will become publicly traded firms. The hype is hard to ignore — but could these IPOs fall flat?
  
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• Canada Post announces 485,000 more addresses to lose home delivery

  11-06-2026 20:43 via cbc.ca
  
  Canada Post has announced nearly half-million addresses that will lose home delivery next year.
  
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• Grok's sexual deepfakes violated Canadian privacy law, says privacy commissioner

  11-06-2026 16:57 via cbc.ca
  
  After launching an investigation in January to examine the proliferation of sexual deepfakes on X, Canada's privacy commissioner says Grok's AI image generation tool was launched without adequate safeguards and didn't properly consider harms to privacy.
  
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• Opening of the Gordie Howe bridge delayed 'at the request of the United States': Carney

  11-06-2026 14:35 via cbc.ca
  
  Hours after the Windsor-Detroit Bridge authority postponed a planned ribbon-cutting event on Friday, Carney said there were "a few issues that have been raised."
  
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• Gordie Howe International Bridge opening delayed, bridge official says

  11-06-2026 14:35 via cbc.ca
  
  Canada and the United States have agreed to delay the opening of the Gordie Howe International Bridge, according to the Interim Chief Executive Officer and Chief Legal Officer of Windsor-Detroit Bridge Authority (WDBA).
  
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• 'A few remaining issues' delaying opening of the Gordie Howe bridge, LeBlanc says

  11-06-2026 14:35 via cbc.ca
  
  Canada and the United States have agreed to delay the opening of the Gordie Howe International Bridge, according to the Interim Chief Executive Officer and Chief Legal Officer of Windsor-Detroit Bridge Authority (WDBA).
  
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• Help wanted: The oilpatch will need 72,000 workers over the next decade

  11-06-2026 10:00 via cbc.ca
  
  The plethora of hiring opportunities in the oil and gas sector comes at a time when the national economy is struggling and there is uncertainty in some industries because of the impacts of tariffs and artificial intelligence.
  
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• Dealership revoked offer to buy back customer's BMW, blaming wayward AI chatbot

  11-06-2026 10:00 via cbc.ca
  
  A Toronto man says he was shocked and devastated when a BMW dealership revoked an offer to buy back his car, telling him an AI chatbot generated the offer by mistake. The dealership has since reinstated the deal, but as Canadian businesses rush to adopt artificial intelligence tools, they face a growing risk of customer backlash if those tools make mistakes.
  
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• Trump threatens not to renew trade deal with Canada, Mexico

  10-06-2026 18:28 via cbc.ca
  
  U.S. President Donald Trump is once again dangling the threat of withdrawing from his country's free trade deal with Canada and Mexico, even though his trade officials are in talks on renewing it.
  
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• Bank of Canada keeps key interest rate at 2.25% as it tries to balance competing economic risks

  10-06-2026 16:17 via cbc.ca
  
  The central bank was largely expected to hold its benchmark rate at 2.25 — a fifth consecutive hold. Bank of Canada governor Tiff Macklem said the decision to stay on pause was made in effort to balance inflation threats from high oil prices, and sluggishness in the economy brought on by the uncertainty of the trade war with the U.S.
  
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• Canada 'open for business,' Hodgson tells international energy conference

  10-06-2026 03:30 via cbc.ca
  
  Federal natural resources minister Tim Hodgson came to the Global Energy Show in Calgary with a message for international delegates: "Canada can be a supplier you need in a volatile world."
  
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• Major Carl’s Jr operator reportedly set to shutter, sell dozens of California locations

  10-06-2026 02:54 via foxbusiness.com
  
  A major Carl’s Jr. franchisee is planning to offload 59 locations across California after filing for bankruptcy protection earlier this year. Harshad Dharod intends to close 10 restaurants and sell 49 others operating under the Anaheim-born fast-food chain, according to the Los Angeles Times.Dharod’s Friendly Franchisees Corporation, which touts itself as the largest California-based Carl’s Jr. franchisee, has acquired at least 65 locations since 2000, according to its web
  
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• LARRY KUDLOW: From General Jack Keane -- 10 to 14 days to return to military operations

  09-06-2026 23:36 via foxbusiness.com
  
  Is now the time for one last kinetic military bombing assault on the Islamic Revolutionary Guard Corps regime in Iran?We know that President Trump prefers diplomacy and is trying to complete an Iranian surrender deal. Yet the news today that the president is blaming Iran for shooting down an Apache helicopter over the Strait of Hormuz Monday night may change things.Here’s the president’s Truth Social: "I have just been informed by our Great Military that last night the Iranians shot
  
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• Amazon-sold infant nursing pillows recalled over potentially deadly suffocation risk

  09-06-2026 22:32 via foxbusiness.com
  
  Parents and caregivers are being urged to immediately stop using a brand of infant nursing pillows sold on Amazon due to a severe suffocation risk.Little Grape Land is recalling roughly 1,430 of its nursing pillows because they violate mandatory U.S. safety standards for infant support cushions. The U.S. Consumer Product Safety Commission (CPSC) noted the pillows can obstruct an infant's breathing, posing a serious risk of injury or death.POPULAR BABY BOTTLES SOLD AT WALMART RECALLED AFTER
  
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• Social Security has less than 10 years before reserves are exhausted, new trustees report warns

  09-06-2026 20:19 via foxbusiness.com
  
  The clock is ticking faster for American workers and seniors.The Social Security Administration’s newly released 2026 Trustees Report confirms that the federal retirement safety net is less than seven years away from fiscal depletion, as the Old-Age and Survivors Insurance (OASI) trust fund will completely exhaust its accumulated reserves in the fourth quarter of 2032.Once the reserve dries up, ongoing tax revenues will cover only 78% of scheduled retirement benefits, according to the repo
  
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• Most 401(k) savers may be short-changing themselves, data shows

  09-06-2026 19:44 via foxbusiness.com
  
  You might think that finding the money to contribute to your 401(k) is the hardest part of saving for retirement. But choosing the right investments can also be challenging.For this reason, many 401(k) savers take the easy way out and let their money land in a target date fund. A good 61% of 401(k) plan participants, in fact, had their money in a target date fund last year, according to Vanguard's preview of its latest How America Saves report.But while target date funds can be an effective solu
  
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• Chick-fil-A expands its ‘ghost kitchen’ model with new delivery-only store in Florida

  09-06-2026 18:18 via foxbusiness.com
  
  The ultimate test of fast-food physics is arriving in Miami.Chick-fil-A is expanding its footprint in the Sunshine State with a new delivery-only "ghost kitchen" in Miami's Wynwood neighborhood, marking a strategic move to bypass the real estate constraints of traditional brick-and-mortar restaurants.Operating within the CloudKitchens network, the location is the privately held fast-food giant's first delivery-only kitchen in Florida and just its sixth nationwide, allowing the company to maximiz
  
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• Are you a new stock market investor in June 2026? Here's Warren Buffett's advice

  09-06-2026 16:09 via foxbusiness.com
  
  Over the past 30 years, the S&P 500 index has generated a total return of 1,770% (as of June 5). That performance supports the view that the stock market is one of the best asset classes for growing your wealth. A starting sum of $10,000 in this benchmark in June 1996 would be worth $187,000 today. The gains have been even more remarkable over the past decade.Understanding that this kind of performance can have a profound impact on your financial well-being, it might be time for new investor
  
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• OpenAI files for IPO as AI firms look to make Wall Street debut

  09-06-2026 16:04 via cbc.ca
  
  ChatGPT maker OpenAI filed preliminary paperwork that would open the door to it becoming a publicly traded company, a move that follows rival Anthropic and Elon Musk's SpaceX also aiming to become publicly traded companies.
  
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• Carney says Gordie Howe bridge will open this week, White House maintains Trump's opposition 'has not changed'

  09-06-2026 15:35 via cbc.ca
  
  Prime Minister Mark Carney said Tuesday that the Gordie Howe International Bridge poised to connect Ontario and Michigan will open "at the end of the week," but a statement from the White House is raising questions about whether that will actually happen.
  
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• Carney confirms Trump-delayed Gordie Howe bridge will open this week

  09-06-2026 15:35 via cbc.ca
  
  Prime Minister Mark Carney said Tuesday the Gordie Howe International Bridge poised to connect Ontario and Michigan will open "at the end of the week."
  
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• San Francisco voters reject tax hike targeting companies with highly paid executives

  09-06-2026 14:14 via foxbusiness.com
  
  San Francisco voters appeared to reject a ballot measure that would have significantly increased taxes on some large companies with highly paid executives, delivering a win for business groups and technology leaders who argued the proposal could hinder the city's economic recovery.According to results posted by the San Francisco Department of Elections, Measure D was failing with 53.64% of voters opposed and 46.36% in favor. The measure required a simple majority to pass.Measure D would have exp
  
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• Stellantis recalling more than 1.3 million Jeep vehicles over fire concerns

  09-06-2026 13:47 via cbc.ca
  
  Stellantis said on Tuesday it ‌is recalling more than 1.3 million Jeep SUVs and trucks worldwide over fire concerns and urged ​owners to park away from structures ​or other vehicles until a fix is completed.
  
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• Kia recalls 6K vehicles due to possible seat belt defect that could raise injury risk

  09-06-2026 06:16 via foxbusiness.com
  
  Kia is recalling more than 6,000 vehicles because of a seat belt malfunction that could increase the risk of injury in the event of a crash.The recall potentially affects 6,264 2027 Kia Telluride and Kia Telluride Hybrid models, according to a notice from the National Highway Traffic Safety Administration. The affected vehicles include 4,367 Telluride Hybrid models manufactured from March 24 through May 12, 2026, and 1,897 gas-powered Telluride models manufactured from March 24 through May
  
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• More than 1 million Jeep vehicles recalled over fire risk as owners warned not to park inside

  09-06-2026 02:35 via foxbusiness.com
  
  Stellantis is recalling more than 1 million Jeep Wrangler and Gladiator vehicles over a defect that could spark a fire, urging owners to park their vehicles outdoors and away from buildings until a remedy is available.The recall covers an estimated 1,076,999 model-year 2021–2025 Jeep Wrangler and Gladiator vehicles. In the affected vehicles, an electrical issue involving the wiring for the electric hydraulic power steering pump could cause nearby materials to overheat and potentially ignit
  
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• Wendy's launches Minions & Monsters meal with exclusive collectible toys and a new Banana Frosty Swirl

  09-06-2026 00:32 via foxbusiness.com
  
  Wendy's on Monday announced it will be offering a custom Minions & Monsters meal starting later this month that includes limited-time meals and exclusive collectible toys.The fast food chain's new promotion will spotlight Illumination's Monsters and Minions with the limited-time offerings starting on June 15, ahead of the movie's arrival in theaters on July 1.It features themed meals for both children and adults, as well as an all-new Banana Frosty Swirl with a sweet banana cream sauce swirl
  
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• Ex-White House ‘AI czar’ warns US could lose AI race to China if Washington overregulates

  09-06-2026 00:07 via foxbusiness.com
  
  Former White House "AI czar" David Sacks warned Monday that overregulation of artificial intelligence could erode America’s lead over China in the global race for AI dominance."If you try to have an FDA for AI and there are some people who want to go that far, then I think we could lose this AI race to China," he said Monday on "Kudlow." "We're only six to nine months ahead of China. So really, every month counts."His remarks come after President Donald Trump signed an executive order last
  
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• OpenAI signals potential stock market debut while weighing private-company advantages

  08-06-2026 23:55 via foxbusiness.com
  
  OpenAI said Monday it has taken a formal step toward a potential stock market debut, signaling that the artificial intelligence company is preparing for the possibility of becoming a publicly traded firm.The move gives OpenAI flexibility to pursue an initial public offering in the future, though the company indicated no final decision has been made on whether or when shares would begin trading publicly."We recently submitted a confidential S-1. We expect it to leak so we're just announcing it,"
  
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