Business

General Motors is investing tens of millions of dollars to boost wages and upskill workers at a major Kansas manufacturing plant as it prepares for three major vehicle launches.General Motors’ investment is directly supporting the careers of workers at the Fairfax Assembly Plant in Kansas City, which the automaker describes as being at "the forefront of its latest manufacturing innovations." The automaker said the investment is expected to strengthen the […]

Home Depot announced Wednesday it was eliminating 800 jobs tied to its Atlanta store support center.The company also said it would require its corporate employees to return to the office full-time, five days a week."We’re simplifying our corporate operations to better support our stores and our customers," Home Depot said in a statement to FOX Business. "These changes include a reduction in roles associated with our store support center and […]

Some Disney World and Universal Orlando parks are experiencing temporary closures this week as unusually cold temperatures sweep across Florida.Temperatures in Central Florida plunged into the 20s and 30s early Wednesday, with afternoon highs struggling to reach the upper 50s to low 60s — well below the seasonal average of 72 degrees, FOX 35 Orlando reported.The cold snap is expected to intensify heading into the weekend, and major cities — […]

New Yorkers relying on the convenience of grocery delivery were blindsided this week when Instacart suddenly slapped a new fee on orders, a move the company tied to a sweeping city law that went into effect Monday.Customers will now pay an additional $5.99 fee at checkout labeled a "Regulatory Response Fee."According to the city’s website, app-based couriers delivering groceries through third-party platforms, such as Instacart, are now entitled to earn […]

Elon Musk confirmed Wednesday that Tesla will stop producing its Model S and Model X premium sedans and SUVs, marking the end of an era for its longest-running models, according to reports.The move came as the company pivots toward autonomous technology and robotics and its earnings report showed revenue last quarter fell 3% to $24.9 billion.Speaking on Tesla’s fourth-quarter 2025 earnings call Wednesday, Musk said production of the Model S […]

Steak ’n Shake announced Wednesday that it will contribute $1,000 to "Trump Accounts" for the children of its employees.The Indianapolis-based fast-food chain is the latest company to support the Trump administration’s new investment initiative for newborns. In a post on X, Steak ’n Shake described the program as a way to ensure "the next generation of Americans participate from birth in our free-market, wealth-building economy.""Steak 'n Shake pledges to support […]

One of America’s largest unions has made a public declaration regarding California’s hotly-debated billionaire wealth tax.Teamsters California and its 250,000 members have formally backed state legislation proposing a one-time 5% tax on the net worth of California residents worth more than $1 billion."The fight to pass the California Billionaire Tax is a fight to protect workers’ ability to afford living in California; it's a fight Teamsters California will continue to […]

Demand is rebounding at Starbucks, signaling that CEO Brian ​Niccol's turnaround efforts are working. The company said on Wednesday that sales at North American stores open for at least a year rose by 4%. This growth was mainly due to a 3% increase in purchases from existing customers and a 1% increase in the average amount spent per transaction. That's the first uptick in store sales in eight quarters. Globally, sales at […]

New York City tops the list of U.S. cities where the cost of living is rising fastest, followed by three cities in California, according to a new analysis of inflation rates across major metropolitan areas.The analysis, first shared with Fox 5 New York, was conducted by Plasma, a layer-1 blockchain company focused on stablecoin payments. It examined inflation trends across 30 of the most populous U.S. cities.The study used a […]