Business

An American business magnate in the oil and gas industry is praising the Trump administration’s latest move to strengthen U.S. energy independence and bolster national security."This is a good start, with the president agreeing to start filling the [Strategic Petroleum Reserve]. But prices are, of course, in kind of the bottom of the barrel, as we say, commodity prices are lowest. It's certainly the time to buy this cheaper product […]

Federal health officials are advising consumers that more than 140,000 bottles of cholesterol medication are being recalled due to "failed dissolution specifications."Several bottle sizes of Atorvastatin Calcium Tablets, 10-mg (Prescription Only), a medicine used to lower cholesterol and help prevent heart disease, heart attacks and strokes, are impacted by the recall, the Food and Drug Administration (FDA) said in an enforcement report.Atorvastatin Calcium Tablets are the generic form of Lipitor […]

The annual inflation adjustment for Social Security benefits was released on Friday, and beneficiaries are set to see larger benefits in 2026.Social Security's annual cost-of-living adjustment (COLA) will be 2.8% next year, following the announcement by the Social Security Administration. On average, Social Security retirement benefits will increase by about $56 per month starting in January.The annual Social Security COLA has averaged about 3.1% over the last decade, and was […]

President Donald Trump announced Thursday that trade negotiations with Canada have been terminated over an advertisement featuring former President Ronald Reagan speaking out against tariffs."The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs," Trump wrote on Truth Social."The ad was for $75,000. They only did this to interfere with the decision of the U.S. Supreme […]

Meta is cutting around 600 jobs within its artificial intelligence unit, a move it says aims to boost efficiency.The layoffs to Meta's Superintelligence Labs division, which has nearly 3,000 employees, come as the company's efforts to lean into AI had become overly bureaucratic, and the social media giant hopes the cuts will produce a more efficient workflow, an internal memo showed, according to Axios."By reducing the size of our team, […]

Palantir CEO Alex Karp said his company is in an artificial intelligence arms race with its competitors, after reaching a deal with Lumen Technologies in which Palantir will deploy AI throughout Lumen's digital communications network and enhance data use and effectiveness.Karp and Lumen CEO Kate Johnson spoke on Wednesday to Fox Business' Liz Claman about the agreement, as well as AI and privacy warnings."We're in an arms race here," Karp […]

Alaska Airlines has grounded all its flights across U.S. airports on Thursday evening because of an unspecified technology-related issue, the company said.The ground stop also applied to Alaska Airlines' subsidiary Horizon Air, a Federal Aviation Administration advisory showed, Reuters reported.In a post shared on X, the airline confirmed it was experiencing an "IT outage affecting operations.""A temporary ground stop is in place. We apologize for the inconvenience. If you're scheduled […]

The NBA gambling scandal has laid bare the "Wild West" of private gambling, and it’s only a matter of time before one of those involved turns on the others, a leading casino surveillance expert says.George Joseph, who has conducted undercover investigations into poker cheating for state gaming commissions, told FOX Business the scope of the probe and methods used by the perpetrators came as no surprise."I am not surprised. The […]

EXCLUSIVE: Apple is now building and shipping American-made artificial intelligence servers in the United States — a move that has the technology giant answering President Donald Trump’s call to on shore manufacturing.Apple previously built the servers that power its Apple Intelligence AI system abroad.WHITE HOUSE SAYS APPLE TO ANNOUNCE $100B US INVESTMENT COMMITMENT FOR MANUFACTURINGIn February, Apple announced a new advanced manufacturing facility in Houston as part of its commitment […]