Business

President Donald Trump on Friday threatened a tariff on Apple for iPhones not made in the U.S., putting pressure on the tech giant to return manufacturing to America.Analysts said making iPhones entirely in the U.S. would take years to shift production and more than double the cost for American consumers.Wedbush Securities analyst Dan Ives said that shifting production to the U.S. would take five to 10 years and drive-up costs […]

Toyota is recalling more than 443,000 Tundra and Tundra Hybrid trucks over a fault in their reverse lights that could make them stop working.The automaker said in a report to the National Highway Traffic Safety Administration (NHTSA) that the multi-layer vent patch in the reverse light assemblies of the recalled 2022-2025 model year Tundra and Tundra Hybrid trucks "may separate over time due to thermal cycling, compromising the adhesive and allowing […]

U.S. Treasury Secretary Scott Bessent says President Donald Trump is trying to "light a fire" under the European Union (EU) and tech giant Apple, to ensure America is bringing back production dominance."I would hope that this would light a fire under the EU, because... I've said before, [the] EU has a collective action problem here. It's 27 countries, but they're being represented by this one group in Brussels. So some […]

Texas is on the verge of banning nearly all intoxicating hemp products after the Republican-controlled state Senate and House of Representatives passed a bill to outlaw the sale and possession of THC-infused hemp consumables, including edibles, oils and vapes.The move threatens to devastate the state’s $4 billion hemp industry, which includes over 8,000 businesses and tens of thousands of workers — although industry leaders have vowed to mount legal challenges […]

Gas prices heading into the Memorial Day weekend hit a four-year low as millions of Americans prepare to hit the road.When adjusting for inflation, the average U.S. retail gasoline prices going into Memorial Day weekend are 14% lower than last year, in large part because of falling crude oil prices, according to the U.S. Energy Information Administration (EIA).On Monday, for instance, the retail price of regular-grade gasoline in the U.S. […]

Amazon is issuing refunds to some customers for returns sent back to the e-commerce giant, and some were returned years ago. The refunds are being offered after a "recent internal review" by Amazon during which the company "identified a very small subset of returns where we had issued a refund without the payment completing or where we could not verify that the correct item had been sent back to us, so […]

The U.S. government is phasing out production of the penny, which has been in circulation for centuries, in a cost-cutting move that is projected to save $56 million each year.The Treasury made its final order of blank pennies this month and will stop putting one-cent coins into circulation by early 2026. As pennies fade from use, businesses will need to round up or down to the nearest 5 cents, The […]

Commerce Secretary Howard Lutnick said Wednesday that the administration is set to launch a registration website for President Donald Trump's Gold Cards in the near future.Trump has touted the Gold Card as being "better and more sophisticated" than a green card and would allow the "most successful job-creating people from all over the world to buy a path to citizenship." Applicants would pay $5 million for a Gold Card visa.Lutnick was interviewed […]

The world's largest convenience store and gas station, Buc-ee's, is growing its already massive following with several new locations set to open this summer. The beloved Texas-based chain – known for its exceptionally clean restrooms, house-made food and beaver-branded merchandise – is set to open three new travel centers, including its very first locations in Virginia and Mississippi, Buc-ee's confirmed to FOX Business.Buc-ee’s grand openings are scheduled for the following:BUC-EE'S OPENS […]