Business

Anker Innovations is recalling more than 1.1 million power banks after some users reported fires and explosions. The company said a problem could potentially make the lithium-ion battery within some of its Anker PowerCore 10000 power banks overheat "leading to melting of plastic components, smoke, and fire hazards." The recall, announced Thursday, specifically applies to Anker PowerCore 10000 power banks bearing the model number "A1263" and certain serial numbers that were sold […]

President Donald Trump claimed his relationship with Elon Musk changed after he spoke about his plans to eliminate the electic vehicle mandate. While signing legislation to overturn California's electric vehicle mandate Thursday, Trump explained to members of the media he was surprised Musk, whom he referred to as a "friend," didn't bring up his concerns with Trump's plan to abolish the mandate. Trump said he was surprised Musk endorsed him given his […]

Oracle co-founder Larry Ellison added $26 billion to his net worth on Thursday.His already-massive personal fortune reached $243 billion on Thursday thanks to the $26 billion jump, according to Forbes. A rise in shares of Oracle, the tech company that Ellison co-founded 48 years ago, helped lift his net worth to a new level, the outlet reported.That was precipitated by Oracle releasing its fourth-quarter financial results on Tuesday.The company generated $15.9 billion in […]

President Donald Trump on Thursday signed legislation that terminates the state of California's electric vehicle (EV) mandate.The president signed a law repealing a waiver the Biden administration's Environmental Protection Agency (EPA) granted California to enforce its own emissions standard that would have required the minimum percentage of zero-emission cars to rise from 35% for the 2026 model year to 100% in 2035. Eleven other states signed on to California's EV mandate."This is […]

Mitsubishi Motors North America is recalling nearly 200,000 Outlander and Outlander plug-in hybrid electric SUVs because of faulty software that could make their rearview cameras malfunction. The automaker said in a National Highway Traffic Safety Administration (NHTSA) recall report that the infotainment system inside over 198,900 Outlanders from model years 2022-2024 and Outlander PHEV SUVs from model years 2023-2025 could "freeze or display a black screen."That could cause the rearview camera […]

There is an emerging fourth category in the beverage industry that's becoming a pain point for traditional beer categories, but experts say it's drumming up excitement among younger legal drinkers.For Boston Beer Co. founder Jim Koch, this category is the area between traditional beer, traditional wine and traditional hard liquor."There are cool things that we can do in that space," Koch told FOX Business. "Because we're pretty good at making […]

Regional airline Silver Airways on Wednesday announced that it is ceasing operations and warned passengers not to go to the airport. The airline operated flights between Florida, the Bahamas and the Caribbean."In an attempt to restructure in bankruptcy, Silver entered into a transaction to sell its assets to another airline holding company, who unfortunately has determined not to continue Silver’s flight operations in Florida, the Bahamas and the Caribbean," Silver said.CRAFTS […]

EXCLUSIVE: When Sen. David McCormick was growing up in Bloomsburg – at the edge of Pennsylvania’s anthracite coal region – he never envisioned the area being economically revitalized as a linchpin for the cloud computing and AI industries, he said in a Monday interview.This week, Amazon announced a $20 billion investment in artificial intelligence infrastructure in the form of new data centers, the largest in the commonwealth's history, according to […]

Boeing shares fell 5% during premarket trading on Thursday after one of its aircraft operated by Air India crashed shortly after takeoff.The Air India 787-8 Dreamliner aircraft was carrying more than 200 people when it crashed in a civilian area near the Ahmedabad airport. The carrier, en route to Gatwick Airport in the U.K., crashed just minutes after taking off around 1:38 p.m. local time. In total, there were 242 passengers […]