Business

JPMorgan Chase CEO Jamie Dimon is calling for a decisive end to the conflict with Iran, saying the U.S. must "finish this thing" to protect the global economy and remove the threat to the region.Dimon appeared on "Fox & Friends" Tuesday, saying American strength depends on decisive action in the Middle East and embracing the artificial intelligence revolution."It’s much more important that this be successfully completed than what the market […]

Nearly 150 cases of an Einstein Bros. Bagels' cream cheese flavor have been recalled over the potential presence of undeclared almonds that could pose a life-threatening allergic reaction risk for people with almond allergies.Wisconsin-based Schreiber Foods issued a voluntary recall last week of cases of Einstein's Honey Almond Cream Cheese Spread that were mistakenly identified on the cup as Plain, according to the Food and Drug Administration."People who have an […]

Sony Group is raising global prices of its PlayStation 5 consoles, including a $100 increase in the U.S., marking its second hike in less than a year as the Japanese firm grapples with rising costs of key components such as memory chips.The tech industry's race to build out artificial intelligence (AI) infrastructure has pushed chipmakers to favor higher-margin data-center chips, tightening supply for consumer devices. ‌The updated U.S. prices, effective […]

Delta Airlines CEO Ed Bastian ripped Congress for creating a "mess" as lawmakers continue to stall on funding the Department of Homeland Security.In an exclusive sit-down with "The Claman Countdown" on Monday, Bastian pointed fingers at Congress for leaving travelers with hours-long security wait times and TSA agents unpaid for more than a month."We are beyond frustrated at the lack of leadership that's coming out of Congress," the Delta CEO […]

Federal Reserve Chair Jerome Powell said that the U.S. economy is facing a supply shock from the disruption of Middle East oil supplies after previous shocks like the COVID-19 pandemic and tariffs pushed prices higher.Powell spoke to an economics class at Harvard University on Monday and said that the series of supply shocks has kept inflation elevated above the central bank's 2% long-run target despite progress in slowing the pace of price […]

The growing alignment between China, Russia, and Iran raises new concerns about the trajectory of the conflict in the Middle East as questions mount over how far Beijing's support could shape the outcome.Gatestone Institute senior fellow Gordon Chang joined FOX Business' Maria Bartiromo on "Mornings with Maria" to discuss how China's expanding role alongside Iran is complicating U.S. strategy and shifting the balance on the ground.Those concerns come as Iran […]

Power strips sold on Amazon are being recalled due to a fire risk, the Consumer Product Safety Commission said.The recall involves CCCEI-branded power strips sold by Middle Way Electronics with 6-foot, 10-foot and 15-foot power cords. The strips have a black metal enclosure with six receptacles and individual on/off switches for each one. The defective units were made in China.The CCCEI-branded power strips do not contain supplementary overcurrent protection, which […]

A Delaware judge on Monday reassigned several lawsuits involving Elon Musk after lawyers for the Tesla CEO accused her of bias over a LinkedIn post that appeared to mock the billionaire. In a filing, Delaware Court of Chancery Chancellor Kathaleen St. J. McCormick said that she will reassign a group of lawsuits to another judge after Musk's lawyers pointed to a social media post in which she allegedly appeared to support […]

Air Canada said Monday that President and CEO Michael Rousseau will retire by the end of the third quarter of 2026, capping nearly two decades with the company.The announcement comes the same month as a fatal crash involving an Air Canada Jazz flight from Montreal at New York's LaGuardia Airport.In its statement, Air Canada framed the move as part of a long-running succession process, saying internal development work had been […]