Business

Australian airline Qantas said it suffered a cybersecurity incident that impacted the personal data of millions of customers.The carrier said it was contacting customers on Wednesday to inform them it had detected "unusual activity" on a third-party platform used by a Qantas airline contact center, which holds service records for 6 million people. After discovering the unusual activity Monday, the company said it "took immediate steps and contained the system" and […]

Florida Gov. Ron DeSantis has hinted that the Sunshine State is preparing for another wave of new residents and businesses after New York City mayoral candidate Zohran Mamdani's stunning primary win."We've absorbed a lot of people over the years," DeSantis told Fox News' Sean Hannity on Tuesday evening. "I think this guy's policies, soup to nuts, are probably the most radical left that I've ever seen of a major party […]

The Senate-passed version of the Republicans' One Big Beautiful Bill Act that's now under consideration by the House would speed up the insolvency of the trust funds that help finance Social Security and Medicare, according to a new analysis.Last month, the trustees of the Social Security and Medicare trust funds released a report showing the trust funds are on pace to be depleted in less than a decade, at which time automatic […]

Vertical Aerospace, a British company backed by Honeywell, Rolls-Royce and American Airlines, is rapidly gaining ground in bringing its electric vertical take-off and landing aircraft to market. The company, which has been pioneering zero-emissions aviation since 2016, aims to become readily available for consumers in the next three years.Vertical Aerospace CEO Stuart Simpson, who succeeded the company's founder Stephen Fitzpatrick in May 2024, told FOX Business that the company's zero-emission aircraft, […]

Experts warn New York City mayoral candidate Zohran Mamdani’s proposed housing agenda could further strain rental affordability in the Big Apple.The plan, aimed at tackling the tag team crisis of affordability and housing, includes an immediate freeze on more than 2 million rent-stabilized apartments. "Economists — whether they are on the right or on the left — essentially are in universal agreement, that when the government implements price controls in the rental […]

An undeclared allergen has prompted a recall of some lots of Wegmans semi-sweet chocolate nonpareils. The recalled 18.5-ounce tubs of chocolate candy "contain undeclared milk allergen" that did not appear on packaging, according to an allergy alert published Monday by the Food and Drug Administration (FDA).The recall was issued by Mellace Family Brands California, Inc. The recalled nonpareils went to Wegmans Food Markets locations in eight states — Delaware, Maryland, Massachusetts, North […]

Federal Reserve Chair Jerome Powell on Tuesday said that the central bank has held off on cutting interest rates due to concerns about tariff-induced price hikes on consumers, adding that the Fed likely would've cut rates this year if not for those tariff worries.Powell participated in a panel discussion about monetary policy at the European Central Bank Forum in Portugal with the leaders of other prominent central banks, including the European […]

One of the thorniest points emerging in President Donald Trump's massive tax and spending bill is the state and local tax deduction, also known as SALT. In the "big beautiful bill," there is a provision that will temporarily lift the SALT deduction from $10,000 to $40,000 for households with an income of $500,000 a year.The SALT deduction was capped at $10,000 during Trump’s first term by the Tax Cuts and Jobs Act of […]

The notorious cybercriminal group dubbed "Scattered Spider" is now targeting the airline sector, the Federal Bureau of Investigation (FBI) warned.The FBI posted on X that the group relies on "social engineering techniques, often impersonating employees or contractors to deceive IT help desks into granting access" and frequently involves methods to bypass multifactor authentication (MFA), such as convincing help desk services to add unauthorized MFA devices to compromised accounts. "They target large […]