Business

Guzman y Gomez Mexican Kitchen, an Australian-born Chipotle rival that once planned to open hundreds of U.S. locations, has abruptly closed all of its American restaurants after six years in the Chicago area."All GYG USA restaurants permanently closed," a message on the company’s U.S. website says. "Effective from May 22nd, GYG USA restaurants will cease trading. Thank you for your support."The chain also announced the move on Instagram, thanking customers […]

An international flight diverted to Rome this week after a passenger informed the crew that they had a power bank charging in their checked baggage, according to multiple reports.The London-based easyJet plane was flying from Hurghada, Egypt to London’s Luton Airport on Tuesday evening when the incident happened."No one knew what to think," passenger Paul Casterton told The Sun. "Suddenly, the plane changed direction and made a descent. It was […]

Cups of minestrone soup sold at Whole Foods in 17 states and Washington, D.C. have been recalled over possible "undeclared shrimp" that could cause a life-threatening allergic reaction in certain people, according to the U.S. Food and Drug Administration. Massachusetts-based company Kettle Cuisine decided this week to recall 24oz cups of Whole Foods Market Kitchen Minestrone Soup.The minestrone was sold in Whole Foods in Alabama, Connecticut, Washington, D.C., Florida, Georgia, Massachusetts, […]

Americans who are planning to grill this Memorial Day weekend are likely to see prices notably higher for a number of barbecue staples as persistent inflation squeezes household budgets.The Bureau of Labor Statistics' most recent consumer price index (CPI) inflation data from April showed that prices have risen significantly compared with a year ago for several popular dishes at cookouts – with burgers and steaks experiencing a notable jump.Ground beef […]

Kevin Warsh was sworn in as the new chair of the Federal Reserve by Supreme Court Justice Clarence Thomas in a ceremony at the White House on Friday.The 56-year-old Warsh previously served at the Fed as a member of its Board of Governors from 2006 to 2011, and became the youngest-ever Fed governor having been nominated at the age of 35. Trump nominated Warsh to the role in January, and […]

JPMorgan Chase Chairman and CEO Jamie Dimon put New York City’s new progressive mayor, Zohran Mamdani, on notice, telling the self-described ideologue that city governance is about lower crime and economic survival, not empty "morality" slogans.Following a high-stakes face-to-face meeting, the Wall Street titan openly criticized far-left tax talking points like "fair share" and warned that treating wealth creators as political punching bags is actively destroying the city’s talent pool."Every […]

As the AI revolution continues to rapidly expand throughout the corporate world, many employees are facing "automation anxiety" that their job may be replaced by technology. Speaking on Centre Stage at Web Summit Vancouver, Kyle Hanslovan said, "I think many will be pressured in the next five years, where their job can be automated."Just this week, Meta began laying off another 8,000 employees, roughly 10% of its workforce, while TurboTax maker […]

A Costco-exclusive patio swing is being recalled after multiple reports that the seat detached while consumers were using it, causing injuries and posing what federal safety officials called a risk of "serious injury or death."World Bright International Limited is recalling about 18,500 Agio Menlo Woven Patio Swings, according to a recall notice posted by the U.S. Consumer Product Safety Commission on May 14.The recall involves Agio Menlo Woven Patio Swings […]

Waymo is temporarily halting freeway operations for its robotaxi service in several U.S. markets as the company works to address performance issues in construction zones, FOX Business has learned.The Alphabet-owned company confirmed Thursday that it was pausing freeway operations while updating its software."Safety is Waymo’s top priority, both for our riders and everyone we share the road with," a Waymo spokesperson said in a statement to FOX Business. "We have […]