Business

Volkswagen Group of America Inc. will recall more than 44,000 cars due to the risk that the high-voltage battery may overheat and cause a fire. The National Highway Traffic Safety Administration (NHTSA) recall covers 43,881 Volkswagen ID.4 electric SUVs from the 2023 to 2025 model years. An additional 670 ID.4 vehicles from the 2023 to 2024 model years are also being recalled because the high-voltage battery cell modules may contain misaligned electrodes […]

America's aluminum industry is showing signs of a resurgence after decades of decline, driven by national security concerns, supply-chain vulnerabilities and growing competition from China.Aluminum is no longer viewed as just an industrial input; it is increasingly seen as a strategic material tied to defense readiness, manufacturing resilience and long-term economic security.AMERICAN COMPANY RESTARTS DOMESTIC GRAPHITE PRODUCTION AFTER DECADES OF CHINA IMPORTSCentury Aluminum CEO Jesse Gary joined FOX Business' Cheryl […]

President Donald Trump said Monday that he was increasing tariffs on South Korean imports of autos, lumber and pharmaceuticals to 25%, accusing Seoul of "not living up" to its trade deal. "Our trade deals are very important to America. In each of these deals, we have acted swiftly to reduce our TARIFFS in line with the transaction agreed to," Trump wrote in a Truth Social post."We, of course, expect our trading […]

"Shark Tank" star Kevin O’Leary issued a stark warning to Canada over its potential trade deal with China, arguing the communist nation has "screwed" every one of its business partners during an interview Monday on "The Claman Countdown.""Canada will be no exception," he said. "China is not your friend."O’Leary’s comments come as President Donald Trump has threatened to impose a 100% tariff on goods imported from Canada over its potential […]

A deadly and historic winter storm that has impacted a 2,300-mile swath of the country with snow, ice and power outages has prompted moves to ramp up power production from coal, while putting it and other fossil fuels in the spotlight as reliable energy sources amid the fierce weather.Winter Storm Fern caused life-threatening power outages across many parts of the South, while the Northeast was hit with heavy snow. Other areas […]

As President Trump returned from Davos, I want to emphasize first that he is standing on top of the world, in terms of American achievements and influence. And second, new numbers coming out today showing the U.S. business investment boom continues to intensify.In particular, the key category non-defense capital goods, excluding volatile aircraft, which is really the core measure of business investment, is now up 9.9% at an annual rate […]

Nike is planning to cut nearly 800 jobs amid an automation push at the footwear and apparel giant's distribution centers.The company is cutting 775 jobs that will primarily impact jobs at the retailer's distribution centers in Tennessee and Mississippi as the company looks to automate more of its supply chain. The news was first reported by CNBC, citing people familiar with the matter."To power our Win Now actions, we're taking steps […]

Costco is facing a class-action lawsuit accusing the warehouse retailer of falsely advertising that its Kirkland Signature Seasoned Rotisserie Chicken contains no preservatives, according to court documents.  The lawsuit, filed Thursday in the U.S. District Court for the Southern District of California, alleges that Costco’s in-store signage and website "create an overall net impression that the Rotisserie Chicken does not contain added preservatives." But the suit further claims those representations […]

China's crackdown on top military leaders may be weakening the country's ability to fight a large-scale war, but it could also make conflict more likely if mistakes or misjudgments spiral out of control, author Gordon Chang warned Monday. The China expert and author of "Plan Red: China’s Project to Destroy America" joined FOX Business' Maria Bartiromo on "Mornings with Maria" to discuss how turmoil within the top military leadership is raising […]