Business news

• Walmart vows not to use customer data for personalized pricing: 'We won't do it'

  28-09-2026 01:57 via foxbusiness.com
  
  Walmart is assuring customers it will not use personal data or AI to personalize prices.In a letter published Friday, Walmart President and CEO John Furner reaffirmed the retail giant's long-standing "Every Day Low Prices" strategy, saying the company prices "the product, not the person.""I've heard concerns about companies using that information and technology to charge you more," Furner said. "I want to tell you where we stand: We price the product, not the person."Furner said prices may
  
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• Incoming Air Canada CEO's current airline engaged in 'anti-labour' behaviour, says Canadian union head

  28-09-2026 10:00 via cbc.ca
  
  The union representing Air Canada pilots says it is concerned about what it calls a "retaliatory and anti-labour" action by Scandinavian Airlines — which is currently run by Air Canada's next CEO.
  
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• Trump hosting Anthropic CEO Dario Amodei for private White House dinner

  28-09-2026 03:17 via foxbusiness.com
  
  President Donald Trump and Anthropic CEO Dario Amodei are meeting for a private dinner at the White House on Sunday evening.Trump confirmed the meeting to Fox News' Aishah Hasnie.This comes after the leader of the AI firm raised concerns this month about the technology’s risks, warning that the pace of its advancement needs to be slowed down."We must slow the pace at which we improve the capabilities of AI models. Progress will still seem fast, and we must make wise use of the time we
  
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• Meta pushes back on claims Instagram Plus exposes repeat story viewers

  28-09-2026 03:02 via foxbusiness.com
  
  Instagram will let you pay $3.99 a month to preview someone's story without showing up on the viewer list, and some users are raising privacy concerns.But parent company Meta is pushing back on claims that Instagram Plus reveals who repeatedly viewed a story.The feature shows how many times a story was replayed in total, a Meta representative told Fox News Digital, but it does not name the people behind those repeat views.The subscription also adds a search bar to the existing viewer list, makin
  
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• Fed raises rates for first time in years: What it means for your wallet

  27-09-2026 22:10 via foxbusiness.com
  
  The Federal Reserve's first interest rate hike in more than three years is likely to increase borrowing costs for many consumers, particularly those carrying variable-rate debt such as credit cards and home equity lines of credit.Earlier this month, the Fed voted unanimously to raise its benchmark federal funds rate by 25 basis points, lifting its target range from 3.5%-3.75% to 3.75%-4%. The increase marked the central bank's first rate hike since July 2023 after holding rates steady through it
  
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• CEO SUNDAY: Golden Corral CEO reveals the one habit he’ll ‘never break’ after 41 years

  27-09-2026 17:00 via foxbusiness.com
  
  For Golden Corral CEO Lance Trenary, strong leadership begins with a strong foundation.The restaurant executive told FOX Business that his faith, family and sense of purpose shape the way he approaches each day, while staying close to customers has remained one of the most important habits throughout his 41-year career with the company."One of the key things for me is saying a prayer," he said. "My personal faith is really important to me, and my family is incredibly important to me. So faith, f
  
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• OpenAI pauses training of latest models after AI agents probed U.S. government sites in unexpected ways

  27-09-2026 16:16 via cbc.ca
  
  OpenAI said it has paused training of its latest artificial intelligence models as reports of AI agents going rogue mount.
  
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• The incoming U.S. import bans on Canadian alcohol, whey, molasses and motorcycles, by the numbers

  27-09-2026 10:00 via cbc.ca
  
  The United States is set to ban a select number of Canadian imports starting Tuesday, in the next escalation of a trade war that has already led to steep tariffs on goods from both sides.
  
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• Nearly 333 pounds of Buckhead tuna recalled across 5 states over elevated scombrotoxin levels

  27-09-2026 08:25 via foxbusiness.com
  
  Nearly 333 pounds of tuna distributed across five states are being recalled after testing found elevated levels of a toxin that can cause a form of food poisoning, according to the Food and Drug Administration (FDA).The FDA said the recall covers 332.9 pounds of Buckhead tuna distributed in New York, New Jersey, Connecticut, Pennsylvania and Maryland.The advisory was designated a Class II recall, meaning use of or exposure to the product "may cause temporary or medically reversible adverse healt
  
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• E. coli outbreak linked to raw milk cheese leads to 13 illnesses and eight hospitalizations across the US: FDA

  27-09-2026 02:14 via foxbusiness.com
  
  A recall has been issued for raw milk cheese after more than a dozen people were sickened with E. coli across several states.The recalled products include Sierra Nevada Graziers grass-fed raw milk cheeses: medium cheddar, sharp cheddar, jalapeño jack, and Monterey jack sold at retail in 8-oz or 16-oz packages.A total of 13 people have been sickened so far, including eight hospitalizations. The last onset of symptoms was on Aug. 26.MORE THAN 12,000 POUNDS OF BACON RECALLED AFTER USDA ISSUE
  
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• Trump says he approved new fuel economy standards ending Biden-era electric vehicle mandate

  26-09-2026 23:19 via foxbusiness.com
  
  President Donald Trump on Saturday said that he has approved new fuel economy standards that end the Biden-era electric vehicle mandate."The Dumocrats cost our Great Auto Manufacturers $Billions, forced Americans into cars they never wanted, and wasted Billions on Chargers that were never built," Trump wrote on Truth Social Saturday afternoon.The president added that the new standards will "take the waste out of building cars in America. That means LOWER PRICES, saving families thousands on a ne
  
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• College president warns AI could strengthen education — or create dangerous shortcuts: 'It’s how we manage it'

  26-09-2026 21:58 via foxbusiness.com
  
  Artificial intelligence (AI) is transforming how colleges and universities educate students and prepare them for the workforce. As higher education works to establish guidelines around AI, they must address a larger picture: How can students use AI without losing critical skills? In an interview with Fox Digital Business, Richard Corcoran, president of New College of Florida and the state's former education commissioner, said AI could either strengthen education or create shortcuts tha
  
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• Alabama teens getting their own version of TikTok under sweeping $100M deal

  26-09-2026 21:58 via foxbusiness.com
  
  Alabama teenagers using TikTok will soon face two-hour daily limits, overnight curfews and an end to the app's customized "For You" page after the social media giant reached a $100 million settlement with the state.TikTok reached the first-of-its-kind settlement just days before the lawsuit was scheduled to go to trial. Rather than imposing only financial penalties, the agreement requires the company to overhaul several of its core features for minors."TikTok has agreed to give parents real cont
  
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• Bad Cityzens: Global sports empire found guilty of 'financial doping' and why it matters

  26-09-2026 19:01 via foxbusiness.com
  
  Manchester City FC has reportedly been found guilty by an independent panel appointed by the Premier League Judicial Panel's chairman of 114 of 115 charges over how the club financed deals relating to sponsorships, paying its managers and paying its players. The case first came to light in February 2023, after a four-year investigation into the club's financial dealings, which started with a handful of incriminating emails leaked to media in Europe.The club plays in England’s Premier
  
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• Overreliance on AI could replace 'social intelligence' in the workplace, protocol expert warns

  26-09-2026 11:09 via foxbusiness.com
  
  As artificial intelligence becomes embedded in the workplace, companies may be overlooking another skill set that could increasingly separate successful employees from the pack: the ability to communicate, listen, disagree and build relationships with actual people.Pamela Eyring, president of the Protocol School of Washington, told Fox Business that employers increasingly need workers who can use AI effectively without allowing their interpersonal skills to deteriorate.According to Eyring, peopl
  
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• Quantum computing could help US reduce reliance on China's rare earth supply chain, tech CEO says

  26-09-2026 05:57 via foxbusiness.com
  
  Quantum computing could give the U.S. and its allies a new tool in their effort to reduce reliance on China for critical rare earth elements, with one technology company betting the emerging technology can make extracting and processing limited Western supplies more efficient.Pasqal is partnering with USA Rare Earth and Riven Systems to explore how quantum computing, artificial intelligence and rapid chemical testing can improve the separation and processing of rare earth elements.Pasqal CEO Was
  
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• Retail headwinds force women’s apparel giant Cato to close dozens of locations

  25-09-2026 23:07 via foxbusiness.com
  
  A women's apparel company that caters to price-conscious consumers announced the closure of 120 retail stores by the end of the fiscal year.The Cato Corporation, parent company of Cato Fashions, operates more than 1,000 women’s apparel and accessories stores across 31 states. The slated closures account for more than 10% of its stores, Fast Company reported.Cato, which was founded in 1946, focuses on budget-wary consumers, much like TJ Maxx or Ross Dress for Less.WALMART SAYS IT WILL
  
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• Tesla begins delivering Semi trucks to customers after years of delays

  25-09-2026 22:32 via foxbusiness.com
  
  Tesla on Thursday announced that the electric vehicle maker was beginning deliveries of its Semi trucks to customers this week.Executives at Tesla's plant in Sparks, Nevada, made the announcement that the first customers will take delivery of the electric big rigs about nine years after CEO Elon Musk first announced the company's plans to develop the long-haul freight trucks.The Semi aims to open a new market for Tesla, which has long been known for its EV sedans and SUVs, by creating an electri
  
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• IRS steps up fraud fight with new app, CEO promises '100% secure' platform

  25-09-2026 20:55 via foxbusiness.com
  
  The IRS launched a new mobile app that will let taxpayers check refund statuses and make payments directly from their phones, expanding the agency's digital services as it works to combat fraud and protect taxpayer information.IRS CEO Frank Bisignano joined FOX Business' Stuart Varney on "Varney & Co." to discuss the app's security, growing demand for online services and the agency's efforts to combat identity theft."100%, 100% secure," Bisignano said of the new app, which will allow taxpaye
  
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• Costco receives $184M in tariff refunds, says most will go toward lower prices

  25-09-2026 20:24 via foxbusiness.com
  
  Costco on Thursday said it received $184 million in tariff refunds in the company's fourth quarter, the majority of which was reinvested into lower pricing for members shopping at the retail giant's warehouses.The big box retailer said the lower pricing from tariff refunds was applied to a range of everyday items, including food and beverages, as well as other product categories.Costco CEO Ron Vachris said on the company's earnings call that the company "received some initial tariff refunds in t
  
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• Breakfast chain franchisee files for bankruptcy as rising costs, weak sales weigh

  25-09-2026 19:14 via foxbusiness.com
  
  The operator of a Village Inn restaurant in Oldsmar, Florida, has filed for Chapter 11 bankruptcy protection after reporting more than $554,000 in liabilities, according to court filings obtained by FOX Business.VI Oldsmar LLC filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of Florida on Sept. 18, electing to proceed under Subchapter V, which is a streamlined bankruptcy process for qualifying small businesses.Court filings show the company listed about $72,335
  
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• Justice Department under Trump asks EU to scrap $137M US fine for Elon Musk's X

  25-09-2026 18:57 via cbc.ca
  
  The European Union's executive arm said Friday it's prepared to defend a 120 million euro ($137 million US) fine against the social media platform X after the U.S. government threw its support behind a legal effort by Elon Musk this week to have the case dismissed.
  
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• Top AI companies call for safety measures while critics warn regulation could stifle innovation

  25-09-2026 16:29 via foxbusiness.com
  
  Leading developers of artificial intelligence (AI) are raising concerns about the need to ensure the safety and alignment of cutting-edge frontier models as they become more capable.OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Microsoft have all signaled a focus on safety issues related to developing frontier AI models to ensure that they're aligned with serving humanity.Those calls come amid warnings from AI researchers that there's a chance that AI could wipe out humanity within the n
  
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• The housing game is 'rigged': Real estate star exposes the hidden traps locking up buyers past 7% rates

  25-09-2026 12:00 via foxbusiness.com
  
  American homebuyers battling elevated interest rates and high listing prices are confronting a far broader financial hurdle: a hidden "obstacle course" of property taxes, rising insurance premiums and local regulatory friction.Beyond headline mortgage rates, rising monthly carrying costs in high-growth states are increasingly influencing where families can afford to settle, according to SERHANT. founder and real estate star Ryan Serhant."New York taught me that real estate is a function of price
  
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• AI expert warns ‘machine-speed’ cyberthreats may require faster defenses than human-led responses

  25-09-2026 11:14 via foxbusiness.com
  
  Artificial intelligence is changing cyberattacks from the work of individual hackers into coordinated operations potentially involving hundreds of autonomous agents, creating a speed problem that traditional human-led cybersecurity systems may struggle to match, according to AI cybersecurity expert Yagub Rahimov.Rahimov, founder and CEO of Polygraf AI, told FOX Business that the emergence of so-called "AI swarms" doesn't necessarily mean a cyber doomsday is imminent, but said organizations need
  
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• The 1990s boy band mall tour is back, and this time it's sponsored by Gap

  25-09-2026 10:00 via cbc.ca
  
  Remember when you could hit up your local suburban mall, catch a show from a pop star next to the food court and buy a new zip-up while you were at it? History is repeating itself.On Tuesday, Gap announced it was launching a collaboration with emerging boyband Just Your Type for its “fashiontainment platform.”
  
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• AI 'slop' is dominating menus, as some restaurant owners turn to it to save time and money

  25-09-2026 10:00 via cbc.ca
  
  Diners have taken to social media to share photos of overly-shiny sandwiches and circular shrimp, lamenting the suspected use of AI. But some in the restaurant business say it's helped them reduce costs and save time in a notoriously difficult industry.
  
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• Former Secret Service cybercrime expert weighs in on privacy after hackers breach stolen Flock camera

  25-09-2026 08:28 via foxbusiness.com
  
  A stolen Flock Safety license-plate camera yielded roughly 1.6 million images after hackers physically removed and reverse-engineered the device, but a former Secret Service cybercrime expert says the incident does not appear to have compromised Flock's broader cloud network.Jason Brown, director of customer advisory and counter-fraud lead at threat intelligence firm iCOUNTER, spent 25 years with the U.S. Secret Service and specialized in cybercrime.Brown told FOX Business that the distinction b
  
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• If Trump bans U.S. diesel exports, global prices will go even higher, experts say

  25-09-2026 00:55 via cbc.ca
  
  U.S. President Donald Trump has said he's considering a ban on diesel exports to improve gas prices for Americans, a move experts say would only push an already-strained global market —further raising diesel prices in Canada and abroad.
  
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• Reducing the $2T federal deficit could lower inflation, interest rates for Americans: CRFB

  25-09-2026 00:21 via foxbusiness.com
  
  Curbing the federal government's roughly $2 trillion budget deficit would help reduce the affordability challenges American households are facing, a new analysis finds.The nonpartisan Committee for a Responsible Federal Budget (CRFB) published a report on Wednesday detailing how reducing the federal budget deficit over both the near- and long-term could improve affordability issues for Americans through fiscal policy changes involving tax and spending policies.CRFB finds that reducing the defici
  
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