Business

United Natural Foods Inc., a distributor for Whole Foods and other grocers, disclosed this week that it suffered a cyber incident, causing temporary disruptions in its operations.The company announced the cyber incident on Monday, saying in a Securities and Exchange Commission filing it had detected "unauthorized activity" on certain information technology systems on June 5. UNFI said it "proactively" shut down some of its systems as part of its response to […]

General Motors is investing $4 billion in its U.S. plants over the next two years to boost the manufacturing of gas and electric vehicles.With the multibillion-dollar investment, the Michigan-based automaker will be able to assemble more than 2 million vehicles per year in the U.S. The latest investment comes just two weeks after the company announced it earmarked $888 million for its Tonawanda Propulsion plant near Buffalo, New York, to […]

Vice President JD Vance on Wednesday echoed President Donald Trump’s calls for the Federal Reserve to cut interest rates."The president has been saying this for a while, but it's even more clear: the refusal by the Fed to cut rates is monetary malpractice," Vance wrote in a post on X.Trump on Wednesday repeated his prior call for the U.S. central bank cut interest rates by a full point."CPI JUST OUT. […]

Treasury Secretary Scott Bessent suggested there could be a chance that President Donald Trump's "one big, beautiful bill" may add to the $36 trillion national debt.Bessent appeared before the House Ways & Means Committee on Wednesday, a hearing that Democrats used to sharpen their attacks against Republicans' massive Trump agenda bill.At one point, Rep. Terri Sewell, D-Ala., asked Bessent whether the bill would add to the U.S. debt."It remains to […]

"Shark Tank" investor Kevin O'Leary described Los Angeles as a "war zone" with "horrific" consequences for small businesses while weighing in on the anti-ICE riots plaguing the deep blue city on Wednesday."If you're a small business… and you see these images of windows being smashed, cars burnt, baseball bats on someone's property, this is not good management of a state, obviously," he said on "Varney & Co."The O'Leary Ventures chairman […]

Inflation increased slightly in May and remained above the Federal Reserve's target rate ahead of the central bank's next meeting this month.The Bureau of Labor Statistics on Wednesday said that the consumer price index (CPI) — a broad measure of how much everyday goods like gasoline, groceries and rent cost — rose 0.1% in May compared with last month, while it was up 2.4% on an annual basis.Those figures were […]

FC Internazionale Milano, known globally as Inter or Inter Milan, and Fanatics have announced a new partnership that taps into the digital sports leader’s resources of e-commerce, retail, manufacturing and licensing for the famous soccer club.Inter is one of Italy’s most storied franchises, as well as an innovative brand, as shown by this partnership with Fanatics. The long-term partnership will leverage Fanatics’ vertical commerce model, local expertise and expansive global infrastructure […]

The U.S. and China have reached a "framework" to implement a trade deal struck between the two sides last month in Geneva, Commerce Secretary Howard Lutnick announced. President Donald Trump then posted on Truth Social on Wednesday that "our deal with China is done, subject to final approval with President Xi and me."The development comes after two days of meetings between negotiators in London and a phone call last week between […]

Paramount Global is trimming its U.S. workforce by 3.5% in a move to cut costs. The company’s plans to cut jobs were announced Tuesday by its three co-CEOs in a company-wide memo viewed by FOX Business.Co-CEOs George Cheeks, Chris McCarthy and Brian Robbins said in the message that Paramount was "taking the hard, but necessary steps to further streamline our organization this week."    The effort to streamline Paramount’s organization will lead to […]