Business

Pope Leo XIV is already having an impact on the real estate market.The new pope, whose given name is Robert Prevost, was born in Chicago and grew up in the suburb of Dolton, Illinois. His childhood home was recently listed for sale, but the listing was quickly removed following the Vatican's decision to appoint Prevost as the latest — and first American — pontiff. The small three-bedroom house, once a place […]

Krispy Kreme on Thursday said it is pausing a planned rollout of selling doughnuts in McDonald’s locations nationwide.The doughnut chain said it is "reassessing the deployment schedule together with McDonald’s while it works to achieve a profitable business model for all parties."Krispy Kreme sells doughnuts in more than 2,400 McDonald’s restaurants as of the end of March, and the chain does not expect to add more restaurants in the second […]

Adobe struck a deal with the U.S. General Services Administration (GSA) to significantly reduce software costs across the government. Through November, Adobe will cut the cost of its comprehensive Paperless Government Solution by 70% from the current price as agencies work to eliminate manual processes, reduce paper-related costs and modernize service delivery.The deal, part of GSA's OneGov cost-cutting strategy, which is independent of the Department of Government Efficiency, aims to transform […]

Igloo recently expanded a cooler recall to 1.2 million, noting dozens of people reported injuries while using the product.Since the recall was announced in February, Igloo has received 78 reports of fingertip injuries, including 26 resulting in fingertip amputations, bone fractures or lacerations, according to a news release from the U.S. Consumer Product Safety Commission.VOLVO RECALLS MORE THAN 450,000 VEHICLES OVER BACKUP CAMERA ISSUEThe recalled product, Igloo's 90-quart Flip & […]

Electronics maker Panasonic Holdings is cutting 10,000 jobs from its workforce.The Japan-based company announced the job cuts on Friday as part of a broader effort to increase its profitability moving forward.Of the 10,000 employees slated to lose their jobs, half will be workers in Japan, according to Panasonic. The other 5,000 will be in other countries. "In terms of management reform, toward transformation into an organization where individual employees create higher […]

Sen. Ted Cruz, R-Texas, told Fox News Digital that the consequences of losing the AI race to China would be "catastrophic," following a hearing featuring artificial intelligence sector executives Sam Altman, Lisa Su, Michael Intrator and Brad Smith on Thursday. Cruz, chair of the Senate Commerce Committee, asked Altman in the hearing whether the U.S. remains ahead of China in the AI race, and Altman said yes, with the caveat that […]

The Lego Group is continuing to build its empire, investing $366 million to build a new 2 million-square-foot warehouse in Prince George County, Virginia.Virginia Gov. Glenn Youngkin announced Thursday the warehouse will employ over 300."The Lego Group is not just a household name, it’s a symbol of creativity, innovation and quality that resonates globally," Youngkin said in a news release. "Three years after choosing Virginia to establish its U.S. manufacturing plant, the […]

Democrats planned to introduce a bill Thursday requiring retailers to display product cost increases to customers caused by President Donald Trump's tariff policies. Rep. Jamie Raskin, D-Md., said he would introduce the Truth in Tariffs Act. "If the President and his Cabinet of billionaires are forcing Americans to pay a lot more for consumer goods, the people have a right to know just how much. His tariff charge is basically a national […]

OpenAI co-founder Sam Altman joined three other artificial intelligence (AI) and technology executives for a Senate Commerce Committee hearing on winning the global AI race and strengthening domestic capabilities in computing and innovation.Chairman Ted Cruz, R-Texas, asked Altman, along with AMD chief Lisa Su, CoreWeave’s Michael Intrator and Microsoft vice chair Brad Smith, whether the U.S. is ahead of China in the proverbial AI arms race, and if so, how […]