Business

Swedish automaker Volvo Cars is recalling more than 450,000 cars in the U.S. and Canada due to a backup camera issue that raises the risk of a crash.The rearview camera image may not show up when the affected cars are placed in reverse, increasing the possibility of an accident, a Volvo Cars spokesperson told FOX Business.Volvo is recalling 413,151 vehicles in the U.S. and 40,673 in Canada. These include certain model […]

Cardinal Robert Prevost has become the Catholic Church’s new pope.His election was announced by the Vatican on Thursday afternoon, with the newly elected pope stepping out to address those gathered in St. Peter’s Square shortly thereafter.Prevost, the first American pope, will head up the Catholic Church as Leo XIV.CARDINAL ROBERT PREVOST ANNOUNCED AS FIRST AMERICAN POPE, TAKING NAME LEO XIVThe new pope, who is 69, hails from Chicago originally.He is […]

Uber CEO Dara Khosrowshahi addressed angered staffers about the company's move to increase return-to-office requirements next month. Starting in June, the rideshare company said, it will require employees to come into the office three days per week, up from two. Some employees who were previously approved for remote work are also required to come into the office. 2025'S TOP REMOTE WORK COMPANIES REVEALED WITH SOME PAYING OVER $100,000Additionally, employees must be working […]

Google on Wednesday announced that it will help support Elementl Power with an investment into the power producer’s development of three advanced nuclear sites. Google will "provide early-stage capital to help Elementl Power prepare three potential sites in the U.S. for advanced nuclear projects," it said in a blog post.The tech giant will get the "option for commercial off-take" from the three advanced nuclear projects after Elementl has constructed and begun […]

The Federal Reserve is keeping rates steady at its targeted range of 4% to 4.25% and is waiting to see how President Donald Trump's administration's tariffs will impact the economy.For now, Federal Reserve Chair Jerome Powell said that the central bank is in the right place to monitor the impact tariffs will have on the economy before making a decision on further interest rate cuts. For now, the mandate remains […]

A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft's $69 billion purchase of "Call of Duty" maker Activision Blizzard.The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC was not entitled to a preliminary injunction blocking the deal, which closed in 2023.A three-judge panel unanimously ruled that the lower judge had applied the correct […]

Treasury Secretary Scott Bessent on Wednesday offered insights into how the Trump administration plans to approach the regulation of the digital asset industry during a congressional hearing.Bessent testified before the House Financial Services Committee about the international financial system and said the administration wants the digital assets industry to come to the U.S. and play a global leadership role in the sector."We believe that the United States should be the premier destination […]

Crafts retailer Joann is offering hefty discounts on its products ahead of its stores shutting their doors for good by the end of the month. The company’s website said its "going out of business" sales at its stores offered 50-80% off, though "limited exclusions apply" and the discounts "may vary" by location.For instance, customers can get 50% discounts on thread and yarn, according to the Joann website. Sales on home decor […]

The happiest place on Earth is facing growing criticism for becoming one of the most expensive.A Florida father is speaking out after a one-day visit to Orlando's Walt Disney World with his wife and three children cost nearly $1,400 — a price he says may not be worth it."It started with the ticket purchase, and then it ran right into the parking, and then it just was like a cash […]