Business

Thousands of popular products are being pulled from shelves after federal officials uncovered evidence of rodent and bird contamination at a Midwest distribution center.Gold Star Distribution Inc., based in Minnesota, issued a sweeping recall covering food and beverage items, health and beauty products, household goods and more, according to a Dec. 26 notice from the U.S. Food and Drug Administration (FDA).The recalled items, distributed to stores in Minnesota, North Dakota […]

President Donald Trump said Thursday he will announce his pick to replace Federal Reserve Chairman Jerome Powell on Friday.Speaking to reporters on the red carpet for first lady Melania Trump’s new movie, "Melania," Trump was asked how soon he would name a new Fed chair."Tomorrow morning," the president said. "I’ll be announcing the Fed chair tomorrow morning."Former Federal Reserve Governor Kevin Warsh has emerged as a leading contender to replace […]

A federal jury found a former Google engineer guilty of stealing artificial intelligence (AI) trade secrets and spying for Chinese tech companies, ending a high-profile Silicon Valley trial.As detailed in court documents obtained by FOX Business, Linwei Ding, also known as Leon Ding, was convicted Thursday on all counts after an 11-day trial in U.S. District Court in San Francisco.Prosecutors alleged Ding secretly stole proprietary AI-related data from Google while […]

As states compete for the next generation of high-tech and innovation-driven jobs, Florida has scored another major win.D-Wave Quantum Inc., a publicly traded pioneer in quantum computing, announced it will relocate its corporate headquarters from Silicon Valley to Boca Raton, Florida, betting on the state’s rapidly expanding technology ecosystem."Florida represents one of the fastest growing technology ecosystems in the United States, and as such it was the ideal choice for […]

Nearly one million vehicles currently on U.S. roads have open recalls involving defective child seat anchors, potentially putting millions of children at risk, according to new data from CARFAX.The recalls involve LATCH systems — short for Lower Anchors and Tethers for Children — a federally required safety feature in most vehicles made since 2003. LATCH systems use built-in metal anchors and tethers to secure car seats without relying on seat […]

Lockheed Martin CEO Jim Taiclet says the company is investing billions to quadruple production of its Terminal High Altitude Area Defense (THAAD) missile defense system as the Trump administration urges defense contractors to prioritize weapons manufacturing over Wall Street interests."We heard President Trump’s guidance loud and clear," Taiclet told FOX Business on Thursday, referencing the president’s warning against defense companies prioritizing stock buybacks over weapons production.Taiclet said Lockheed invested $3.6 […]

First lady Melania Trump has long guarded her privacy, even as her husband holds the most scrutinized office in the world.During an interview with FOX Business’ Maria Bartiromo ahead of the Jan. 30 premiere of her new documentary, titled "Melania," the first lady revealed she agreed to be filmed during the inauguration period — but only on her own terms."Everyone knows, I'm [a] very private and selective person," she said […]

General Motors is investing tens of millions of dollars to boost wages and upskill workers at a major Kansas manufacturing plant as it prepares for three major vehicle launches.General Motors’ investment is directly supporting the careers of workers at the Fairfax Assembly Plant in Kansas City, which the automaker describes as being at "the forefront of its latest manufacturing innovations." The automaker said the investment is expected to strengthen the […]

Home Depot announced Wednesday it was eliminating 800 jobs tied to its Atlanta store support center.The company also said it would require its corporate employees to return to the office full-time, five days a week."We’re simplifying our corporate operations to better support our stores and our customers," Home Depot said in a statement to FOX Business. "These changes include a reduction in roles associated with our store support center and […]