Business news

• Trump's investment push hits Europe as Irish PM eyes next tariff break

  02-10-2026 20:41 via foxbusiness.com
  
  As President Donald Trump pushes U.S. multinationals to expand investment at home, Irish Prime Minister Micheál Martin is pitching Ireland as a leading European hub for American investment while already eyeing another iconic Irish export after Trump's commitment to lift tariffs on Irish whiskey.Martin, who has met Trump several times this year, described the president as a "tough" negotiator, recalling Trump had "some choice language" for the Irish leader during their latest discussions.
  
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• Undetected software issue knocked out 911 for several provinces last month, Bell report says

  02-10-2026 23:44 via cbc.ca
  
  A 911 outage that lasted nearly an hour and a half in several Canadian provinces last month was caused by a previously undetected bug in Bell's software, the company said in a report on Friday.
  
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• Software issue knocked out 911 service for several provinces last month, Bell report says

  02-10-2026 23:44 via cbc.ca
  
  A 911 outage that lasted nearly an hour and a half in several Canadian provinces last month was caused by a previously undetected bug in Bell's software, the company said in a report on Friday.
  
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• Carney, Smith say new West Coast pipeline could get oil companies building again

  02-10-2026 23:02 via cbc.ca
  
  It's been a relatively quiet decade in Alberta's oilsands, but the federal and provincial governments believe a new West Coast pipeline coupled with policy shifts might help turn up the volume. Prime Minister Mark Carney and Alberta Premier Danielle Smith say that if oilsands companies start building again — as they hope — it will be different this time around.
  
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• Ottawa launches new national AI council to advise on safety, deployment

  02-10-2026 22:58 via cbc.ca
  
  Prime Minister Mark Carney's new national council on artificial intelligence is meant to provide the government with guidance on the evolution of its AI strategy and on making the technology safer.
  
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• Pool supplies retailer files for bankruptcy, to close 76 stores

  02-10-2026 22:30 via foxbusiness.com
  
  Pool and spa service provider Leslie's Inc. announced this week that it entered into a restructuring agreement with a group of its existing lenders and will close some stores while continuing to operate as it restructures through bankruptcy.The company said that it filed voluntary petitions for prearranged Chapter 11 bankruptcy cases in federal court that will see it emerge under the majority ownership of the group of its existing lenders. Leslie's said that it expects the process to move effici
  
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• Kevin Hassett says diesel reserve release could have ‘massive positive effect’ as G7 reaches deal

  02-10-2026 20:05 via foxbusiness.com
  
  G7 countries have agreed to coordinate the release of 100 million barrels of crude oil and refined fuel products from emergency reserves over four months, including a front-loaded substantial diesel release within the first 20 days, in an effort to ease fuel prices following pressure from the Trump administration.White House National Economic Council Director Kevin Hassett said earlier Friday that the administration had been urging U.S. allies to put more refined petroleum products on the market
  
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• Inside Ken Griffin’s secret three-year negotiation for Florida’s largest real estate deal in history

  02-10-2026 18:50 via foxbusiness.com
  
  When Ken Griffin's representatives first approached real estate titan, visionary and billionaire Moishe Mana about purchasing the very land he spent decades developing and crafting, Mana was not fully convinced."To be honest, they came and knocked on my door, I didn't solicit it. It was not for sale," Mana, the founder and chairman of Mana Common, told Fox News Digital. "I had the vision. I completed it… And then these guys walk to my office, and they tell me they want to buy it — m
  
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• G7 nations agree to release 100 million barrels of oil, including diesel, amid energy crunch

  02-10-2026 17:21 via cbc.ca
  
  The release would begin immediately and take four months, starting with a "substantial" diesel release within the first 20 days. Diesel prices have soared globally due to the oil supply crunch brought on by fighting in the Middle East between the U.S. and Iran.
  
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• Tesla posts stronger-than-expected quarterly deliveries

  02-10-2026 15:46 via foxbusiness.com
  
  Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as sales in Europe recovered from last year's slump and made up for weaker demand in the electric-vehicle maker's two biggest markets, the U.S. and China.Shares of the Austin, Texas-based company rose nearly 2% in premarket trading. Through last close, the stock had fallen more than 21% so far this year.The rebound in Europe partially offset the hit to demand from the loss of U.S. tax incentives last year and tougher compet
  
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• US economy added 29,000 jobs in September, a slower pace than expected

  02-10-2026 14:33 via foxbusiness.com
  
  The U.S. economy added jobs at a slower pace than expected in September amid economic uncertainty.The Bureau of Labor Statistics on Friday reported that employers added 29,000 jobs in September. That figure was below the 90,000 estimate of economists polled by LSEG. The unemployment rate ticked higher to 4.2%, which was above economists' expectations of 4.1%, according to the LSEG poll.Revisions were made to the payroll numbers for the prior two months, with July revised down by 3
  
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• Ford recalls more than 40,000 trucks and SUVs over visibility risk

  02-10-2026 08:43 via foxbusiness.com
  
  Ford is recalling more than 40,000 vehicles due to a headlight defect that could reduce the driver's visibility, according to federal regulators.About 41,748 vehicles are potentially affected by the recall, including the 2025-2027 Ford Expedition, 2026 Ford F-250 SD, 2026 Ford F-350 SD, 2026 Ford F-450 SD and 2026 Ford F-550 SD models, the National Highway Traffic Safety Administration (NHTSA) said in its recall notice.The NHTSA said the exterior lighting issue could reduce the driver's visibili
  
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• OpenAI fires 3 safety researchers accused of sharing confidential company information: report

  02-10-2026 06:51 via foxbusiness.com
  
  Three researchers have been fired from OpenAI after allegedly sharing confidential company information with a third-party AI safety organization, sources told The Wall Street Journal.The three researchers worked on the company's safety team, the Journal reported."We have parted ways with three individuals for violating our policies on accessing and handling sensitive company information," an OpenAI spokesperson told the outlet."Our investigation confirmed that these individuals mishandled sensit
  
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• Nike plans job cuts under sweeping restructuring plan

  02-10-2026 04:02 via foxbusiness.com
  
  Nike plans to cut jobs as part of a sweeping overhaul designed to make the athletic apparel giant "more agile, efficient and athlete-focused," CEO Elliott Hill said Thursday.In a memo to employees, Hill said the restructuring "will result in fewer roles across Nike" as the company reorganizes its business, though he did not say how many positions would be eliminated."I want to acknowledge that news like this creates uncertainty. I don't take that lightly," Hill said. "Throughout this process, we
  
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• Chili pepper recalled after video captures woman's horrifying discovery inside jar

  02-10-2026 03:52 via foxbusiness.com
  
  Federal regulators last week announced a recall of peperoncini — yellow-green pickled chili peppers — after a customer posted a video showing her unexpectedly discovering what appeared to be a dead mouse inside her jar.The notice, issued by G.L. Mezzetta Inc., impacts one lot of Mezzetta Brand Golden Greek Peperoncini. "We’re aware of a video circulating on social media showing a potential pest contaminant in a jar of Mezzetta GOLDEN GREEK PEPERONCINI MEDIUM HEAT, 32-ounce
  
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• LARRY KUDLOW: Now is the time for Jay Powell to resign

  01-10-2026 23:57 via foxbusiness.com
  
  There hasn’t been much media to-do about this. So let me try to bring to your attention the Wall Street Journal editorial page calling for Jerome Powell to resign today. Is anybody talking about it? Well one person who talked about it before the editorial was published, was, wait for it…. Hang on… I don’t mean to shock you — President Trump.Here’s a few snippets from what he said yesterday: "Jay Powell is a disaster. He’s a I call him too late because
  
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• Buying a new home is now cheaper than an existing one in many markets

  01-10-2026 23:13 via foxbusiness.com
  
  Buying a newly built home is now cheaper than purchasing an existing one in many U.S. housing markets.Newly built homes now offer better value than existing homes nationwide and across one-third of major U.S. metro areas. In July, they sold for a median of $205 per square foot, compared with $212 for existing homes, according to a new Zillow analysis.From 2018 through 2024, newly built homes sold for more per square foot than existing homes in 77 of 84 months."For years, buyers assumed new const
  
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• October could be a huge month for the stock market. Here's why.

  01-10-2026 23:10 via foxbusiness.com
  
  Investors have survived September, the historically worst month of the year for stock market returns.Outside of February (which has an average return that's just barely negative), September is the only month to average a negative return for the S&P 500. The S&P 500 was actually positive for September this year, although it wasn't a very large positive gain – less than 1%. However, that primes the market for October.The S&P 500 has averaged about a 0.9% positive return in Octobe
  
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• Amazon locks in nuclear power for 20 years as energy demand surges

  01-10-2026 22:20 via foxbusiness.com
  
  Amazon is locking in nuclear power for the next two decades under a deal with Constellation Energy that will support more than $3 billion in infrastructure investment as electricity demand continues to climb.The 20-year agreement covers 690 megawatts of power from Constellation's Calvert Cliffs Clean Energy Center in Maryland and will support a roughly 190-megawatt expansion expected to go online between 2030 and 2032, the companies announced Wednesday.Amazon and Constellation also entered into
  
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• Expert reveals US business owners set to bear brunt of Canadian tariff fallout as trade war uncertainty looms

  01-10-2026 21:10 via foxbusiness.com
  
  After President Donald Trump imposed a new series of import bans on certain Canadian goods that became effective Tuesday, American consumers and small business owners in particular could bear the brunt of the impact, investment advisor Karan Ramchandani told Fox News Digital in an exclusive interview."The small and mid-business owners — specifically those who have businesses around the U.S. and Canada border — should be worried," Ramchandani, the managing director for capital markets
  
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• California business climate gets warning from real estate mogul: 'Enough is enough'

  01-10-2026 19:51 via foxbusiness.com
  
  California business owners need the confidence and ability to reinvest in the state’s economy, according to real estate mogul Mauricio Umansky, who argued that "bringing business back to California is critical" as voters weigh competing visions for the state’s future.The Agency founder and CEO joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the Golden State's economic challenges and the 2026 gubernatorial race between Democrat Xavier Becerra and Republican S
  
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• NASA's SpaceX Crew-13 launches mission to International Space Station

  01-10-2026 18:34 via foxbusiness.com
  
  The NASA SpaceX Crew-13 mission launched to the International Space Station on Thursday from Cape Canaveral Space Force Station in Florida. The crew onboard the mission utilizing SpaceX’s Falcon 9 rocket and Dragon spacecraft are NASA astronauts Jessica Watkins, Luke Delaney, CSA (Canadian Space Agency) astronaut Joshua Kutryk and Roscosmos cosmonaut Sergey Teteryantnikov. "So Jessica, Luke, Josh and Sergey are safely in orbit. They are out of their suits at this t
  
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• Mortgage rates surge to highest level since 2023 as bond yields spike

  01-10-2026 18:14 via foxbusiness.com
  
  Mortgage rates rose to the highest level since November 2023, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage rose to 7.28% from last week's reading of 7.03%.The average rate on a 30-year loan was 6.34% a year ago. Thursday's figure is the highest since Nov. 22, 2023, when the average rate on the 30-year fixed mortgage was 7.29%.MORE HOMES, MORE PRICE CUTS – BUT
  
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• Fed's Warsh cracks down on HQ renovation, taps GSA to lead

  01-10-2026 17:50 via foxbusiness.com
  
  EXCLUSIVE: The Federal Reserve's costly renovation project will have a new manager as Fed Chair Kevin Warsh has tasked the General Services Administration (GSA) with managing the completion of the project.On Wednesday, the Fed's Office of Inspector General released a report which found that while there was no administrative misconduct in the management of the more than $2 billion project, mistakes were made that have contributed to significant cost overruns and delays. Inflation contributed
  
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• West Coast oil pipeline becomes 1st project designated in national interest

  01-10-2026 17:11 via cbc.ca
  
  The federal and Alberta governments have announced that a proposed pipeline carrying one million barrels of oil a day from Alberta to the B.C. coast has become the first project designated in the national interest.
  
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• AI agents tried to hack Library and Archives Canada website, research firm says

  01-10-2026 15:28 via cbc.ca
  
  AI agents tried to hack into a Library and Archives Canada website, according to a report by artificial intelligence research firm Transluce.
  
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• Trump praises Boeing 737 MAX after jet survives dramatic plunge during attack

  01-10-2026 15:08 via foxbusiness.com
  
  President Donald Trump praised Boeing and its 737 MAX after a FlyDubai jet survived a dramatic plunge during an apparent attempt to crash the Israel-bound aircraft with more than 170 people aboard.Trump congratulated the U.S. aerospace giant Thursday, singling out the aircraft's ability to withstand the extreme forces it encountered during the midair emergency."Congratulations to the GREAT Boeing Company for producing a plane, the 737 Max, that was able to withstand G Forces and Strain far beyon
  
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• Mike Rowe warns US workforce facing ‘problem of the decade’

  01-10-2026 12:00 via foxbusiness.com
  
  America's skilled trades shortage has major employers sounding the alarm as companies face mounting demand for workers needed to build, maintain and power the country's infrastructure.mikeroweWORKS Foundation CEO Mike Rowe joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the widening skilled labor gap, the impact of artificial intelligence and the growing push to steer more Americans toward trade careers.A new national report from the Alliance for America’s Sk
  
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• Overnight, Meta deleted all her accounts. AI customer service won’t let her reach a human

  01-10-2026 10:00 via cbc.ca
  
  Toronto resident Jasmine Ault says Meta disabled her accounts overnight, without giving her a reason, and that she's been unable to get past their AI chatbots to speak to a human to resolve the error. Experts say without regulation enforcing the right to speak to a human, this will keep happening.
  
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• Mark Ruffalo blasts Paramount-Warner Bros. merger after judge clears $110B Hollywood deal

  01-10-2026 09:01 via foxbusiness.com
  
  Actor Mark Ruffalo blasted the outcome of the long-running fight over Paramount's $110 billion acquisition of Warner Bros. Discovery after a federal judge cleared the Hollywood megadeal to move forward Wednesday.Ruffalo, who had been one of the most vocal Hollywood opponents of the merger, called the outcome "incredibly disappointing.""This merger will stifle creativity, weaken free speech, and cost people their jobs – it is a bad deal for this country and should never have been approved,"
  
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