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Browsing: Business

Business

GM takes $7B hit after shifting EV strategy due to slowing demand

General Motors on Tuesday announced a multibillion-dollar charge related to the realignment of its electric vehicle (EV) strategy following the releas...

Business

Amazon closing all Go and Fresh stores, eyes 'supercenter' concept

Amazon is closing all of its Amazon Go and Amazon Fresh locations and increasing its focus on Whole Foods Market, the company announced Tuesday.Amazon...

Business

Trump expected to reveal more about ‘Trump accounts’ for newborns – here's what we know

President Donald Trump is expected to share more details Wednesday about the proposed "Trump accounts," an initiative that would provide newborns with...

Business

McDonald’s doubles down on value: $5 meals, Snack Wrap revival fuel franchise rebound

After a year of sticker shock at the drive-thru, McDonald’s appears to be regaining favor with American consumers.By abandoning higher-priced menu exp...

Business

Bessent says Trump tax cuts could mean ‘substantial refunds’ for working Americans in 2026

Treasury Secretary Scott Bessent said Americans could see "substantial refunds" and bigger paychecks as President Donald Trump’s economic agenda begin...

Business

Volkswagen to recall 44K vehicles over battery fire risk, some owners urged to park outside 'immediately'

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 Na...

Business

CEO warns aluminum supply chain is 'so thin' a single fire could trigger nationwide crisis

America's aluminum industry is showing signs of a resurgence after decades of decline, driven by national security concerns, supply-chain vulnerabilit...

Business

UPS to cut 30,000 more jobs amid turnaround plan

The United Parcel Service aims to cut up to 30,000 operational roles in 2026 as part of its transformation strategy, CFO Brian Dykes announced during...

Business

Trump considers capping state gas tax, signals possible relief for Californians

President Donald Trump is reportedly thinking about a state fuel tax cap — a move he argues could ease the pain for California drivers and see motoris...

Business

Cruise industry giant makes $100M strategic bet on Florida with massive Miami headquarters

One cruise and travel group is charging full speed ahead in the U.S. market, unveiling a $100 million headquarters in Miami as it expands operations a...

Business

Coalition warns Trump mortgage credit shifts could spark another 2008-style crash

FIRST ON FOX: A coalition of advocacy groups is urging the Trump administration’s housing regulator to proceed cautiously with changes to mortgage cre...

Business

Google settles lawsuit for $68 million following allegations of secretly recording smart device users

Google has agreed to pay $68 million to settle a class action lawsuit arguing that its voice-activated assistant secretly recorded smart device users...