Business

Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports, looks to reorganize its footprint.JD Sports acquired Hibbett in 2024 in a deal valued at around $1.1 billion, with the acquisition viewed as enhancing JD's presence in the North American footwear market. Hibbett had 1,169 stores in 36 states as of May 2024, according to the press release for the […]

Legendary NFL quarterback Tom Brady’s latest business venture is hitting the beverage shelves in a market expected to reach $11 billion by 2030. Brady, as part of his latest partnership expansion with Gopuff, announced the launch of Good Nut, a premium line of organic coconut water, on Monday. With consumers conscious of seeking less processed, lower-sugar beverages today, the market for coconut water continues to rise. Gopuff, the instant commerce leader, identified […]

From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a bid for a White House lifeline.Speaking exclusively to FOX Business correspondent Susan Li, the convicted FTX founder said he "absolutely" wants a presidential pardon, while declining to say whether his family is currently lobbying the administration on his behalf."I assume that you would want a pardon from the White House?" Li asked Bankman-Fried over the phone."Absolutely," […]

Hundreds of thousands of space heaters sold at Costco and other major retailers for years are being recalled after reports that the units overheated and caught fire, prompting federal safety officials to warn consumers to stop using them immediately.The Consumer Product Safety Commission (CPSC) announced Wednesday that more than 255,000 Vornado tower heaters have been recalled.The agency said the heater's fan blade can detach from the motor shaft, causing the […]

Target is recalling several Up & Up baby wipes products sold nationwide after testing identified potentially dangerous bacteria that could cause serious infections, particularly in infants and young children.According to a recall notice posted Friday by the U.S. Food and Drug Administration (FDA), Target is voluntarily recalling certain lots of Up & Up Fragrance Free Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes following customer complaints about […]

McDonald's customers may soon be giving their order to a robot.The fast food company is testing a new artificial intellience order-taking system at the drive-thru called ArchIQ at five locations across the country right now, according to Restaurant Business Magazine.The initiative is part of the company's new brand strategy called McDonald’s Next, which was announced this week.FOX Business has reached out to McDonald's for comment.MCDONALD'S UNVEILS NEW GROWTH STRATEGY TO […]

That’s right, business is booming. Who do you think creates jobs? That’s a serious question. The answer is not consumer spending, which is what 99% of overeducated economists and media types will tell you. It’s business that creates jobs. And by the way, jobs are booming.172,000 in May. Last three months 188,000 average. April and March revised up 93,000. All these results are twice as much as predicted, but the […]

Subaru is recalling nearly 70,000 vehicles in the U.S. after discovering a defect that could cause moonroof glass panels to detach from the vehicle, creating a potential hazard for other motorists.The recall affects 69,663 model-year 2026 Subaru Forester and Forester Hybrid vehicles, according to a safety recall report filed with the National Highway Traffic Safety Administration.According to the report, some affected vehicles may have been manufactured with power moonroof assemblies […]

TOMY International issued a recall Thursday for roughly 40,000 reusable baby bottles sold exclusively at Walmart after more than 130 reports were sent in about a potential choking hazard.The advisory impacts Boon NURSH 8 oz reusable baby bottles, specifically the three-pack bottles sold in the "pink tie-dye" color pattern, according to the U.S. Consumer Product Safety Commission (CPSC).WALMART WARNS SHOPPERS COULD FACE HIGHER PRICES AS FUEL COSTS SURGE, TAX REFUNDS […]