Business

A deadly and historic winter storm that has impacted a 2,300-mile swath of the country with snow, ice and power outages has prompted moves to ramp up power production from coal, while putting it and other fossil fuels in the spotlight as reliable energy sources amid the fierce weather.Winter Storm Fern caused life-threatening power outages across many parts of the South, while the Northeast was hit with heavy snow. Other areas […]

As President Trump returned from Davos, I want to emphasize first that he is standing on top of the world, in terms of American achievements and influence. And second, new numbers coming out today showing the U.S. business investment boom continues to intensify.In particular, the key category non-defense capital goods, excluding volatile aircraft, which is really the core measure of business investment, is now up 9.9% at an annual rate […]

Nike is planning to cut nearly 800 jobs amid an automation push at the footwear and apparel giant's distribution centers.The company is cutting 775 jobs that will primarily impact jobs at the retailer's distribution centers in Tennessee and Mississippi as the company looks to automate more of its supply chain. The news was first reported by CNBC, citing people familiar with the matter."To power our Win Now actions, we're taking steps […]

Costco is facing a class-action lawsuit accusing the warehouse retailer of falsely advertising that its Kirkland Signature Seasoned Rotisserie Chicken contains no preservatives, according to court documents.  The lawsuit, filed Thursday in the U.S. District Court for the Southern District of California, alleges that Costco’s in-store signage and website "create an overall net impression that the Rotisserie Chicken does not contain added preservatives." But the suit further claims those representations […]

China's crackdown on top military leaders may be weakening the country's ability to fight a large-scale war, but it could also make conflict more likely if mistakes or misjudgments spiral out of control, author Gordon Chang warned Monday. The China expert and author of "Plan Red: China’s Project to Destroy America" joined FOX Business' Maria Bartiromo on "Mornings with Maria" to discuss how turmoil within the top military leadership is raising […]

Canadian Prime Minister Mark Carney says his government has no plans to pursue a free trade agreement with China.His comments come amid a trade spat with President Donald Trump, who threatened a 100% trade spike against Canada if it moves forward with an ongoing trade deal with Beijing. Carney said the trade deal only relates to lowering tariffs."We have no intention of doing that with China or any other non-market […]

More than 12,000 flights were canceled or delayed across the U.S. so far Monday after a massive winter storm snarled air travel at some of the nation’s busiest airports over the weekend.According to flight-tracking site FlightAware, cancellations totaled 4,245, while delays reached 8,831 as of 7 a.m. Monday.Major hubs nationwide were still feeling the impact of the storm that dumped heavy snow and unleashed crippling ice.Boston Logan International Airport had […]

More than 60 CEOs of Minnesota-based companies are calling for an "immediate deescalation of tensions" and for officials at the federal, state and local level to work together to find "real solutions" following the latest fatal shooting involving federal immigration agents.Alex Pretti, 37, was shot and killed on Saturday by Border Patrol agents while recording federal immigration operations in Minneapolis. An ICU nurse, Pretti appeared to be attempting to attend […]

More than 1 million Americans were without power Sunday afternoon as a historic winter storm barreled across large portions of the U.S.As of 2:35 p.m. ET, Tennessee was the hardest-hit state, with approximately 306,700 customers experiencing outages. Mississippi followed with about 175,300 outages, while Louisiana reported roughly 145,100, according to data from PowerOutage.us.Significant outages were also reported in Texas, where about 93,000 people lost power, as well as Georgia with […]