Business

A less-than-stellar jobs report unveiled Friday has senators up in arms, calling for Federal Reserve Chair Jerome Powell to lower interest rates."He’s got to lower interest rates," Sen. Bernie Moreno, R-Ohio, told Fox Business. "And this, if this doesn't do it for him, I don't know what will."The Labor Department revealed that in July, employers added only 73,000 jobs, a figure well under expectations – likely influenced by increased uncertainty […]

Ford is recalling over 312,000 vehicles due to an issue with its power brake assist, according to the National Highway Traffic Safety Administration (NHTSA). The auto regulator said the Electronic Brake Booster (EBB) module may lose power while someone is driving, which can extend the stopping distance and increase the risk of a crash. If the module malfunctions when the Advanced Driver Assistance Systems features, which are smart safety features in a […]

McDonald’s is ramping up its use of artificial intelligence to streamline customer orders and sharpen its business operations, with plans to "double down" on AI investments by 2027, a senior executive said on Friday, according to Reuters. The fast-food giant currently uses AI to verify orders at 400 restaurants in India, allowing the chain to catch and correct errors before food is handed to customers, according to the outlet. McDonald’s is planning to […]

Real estate player CoStar, parent of Homes.com and Apartments.com, is suing Zillow, claiming the online real estate marketplace is using tens of thousands of its copyrighted photographs to prop up its business.In court documents filed with the Southern District of New York this week, CoStar said it is trying to "redress Zillow’s widespread and systematic infringement of CoStar’s copyrighted photographs, which Zillow has unlawfully exploited to bolster its online rental […]

Elon Musk donated $15 million to support President Donald Trump and Republican congressional leaders last month, after a public and bitter feud with the man he campaigned and worked for.Musk, who led cost-cutting efforts at the Department of Government Efficiency (DOGE) during Trump's first months in office, contributed $5 million each to MAGA Inc., the Senate Leadership Fund and the Congressional Leadership Fund on June 27, Federal Election Commission filings […]

The MLB trade deadline has come and gone, and 50 trades were made in the final 31 hours.It was a whirlwind of moves, as teams fought for their last pushes to become a World Series contender, while others waved the white flag around and around.DraftKings' odds are looking a lot different after the trade deadline, so we kept track of three winners and losers, based on the numbers.CLICK HERE FOR […]

President Donald Trump is increasing the tariff on Canada from 25% to 35% beginning on Friday, after the U.S. neighbor to the north failed to help curb the imports of fentanyl and other illicit drugs.The White House noted Trump signed an executive order on Thursday to increase the tariff in an effort to hold Canada accountable for its role in the flow of illicit drugs into the U.S.Additionally, Trump signed […]

Tech giant Nvidia said on Thursday that its chips do not contain any "backdoors" that would allow others to remotely access or control them, following concerns from China over the security of the company's H20 artificial intelligence chip."Cybersecurity is critically important to us," a Nvidia spokesperson told FOX Business in an email. "Nvidia does not have 'backdoors' in our chips that would give anyone a remote way to access or […]

Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level. The upward move came after the tech giant posted stronger-than-expected results. Revenues jumped 18% to $76 billion, and net income rose over 23% to $34.3 billion. The bulk of the growth came from the company’s cloud computing arm and demand for artificial intelligence. "We’re innovating across the tech stack to help customers adapt […]