Business

Quantum computing could give the U.S. and its allies a new tool in their effort to reduce reliance on China for critical rare-earth elements, with one technology company betting the emerging technology can make extracting and processing limited Western supplies more efficient.Pasqal is partnering with USA Rare Earth and Riven Systems to explore how quantum computing, artificial intelligence and rapid chemical testing can improve the separation and processing of rare […]

A women's apparel company that caters to price-conscious consumers announced the closure of 120 retail stores by the end of the fiscal year.The Cato Corporation, parent company of Cato Fashions, operates more than 1,000 women’s apparel and accessories stores across 31 states. The slated closures account for more than 10% of its stores, Fast Company reported.Cato, which was founded in 1946, focuses on budget-wary consumers, much like TJ Maxx or Ross […]

Tesla on Thursday announced that the electric vehicle maker was beginning deliveries of its Semi trucks to customers this week.Executives at Tesla's plant in Sparks, Nevada, made the announcement that the first customers will take delivery of the electric big rigs about nine years after CEO Elon Musk first announced the company's plans to develop the long-haul freight trucks.The Semi aims to open a new market for Tesla, which has […]

Costco on Thursday said it received $184 million in tariff refunds in the company's fourth quarter, the majority of which were reinvested into lower pricing for members shopping at the retail giant's warehouses.The big box retailer said that the lower pricing from tariff refunds was applied to a range of everyday items, including food and beverages, as well as other product categories.Costco CEO Ron Vachris said on the company's earnings […]

The operator of a Village Inn restaurant in Oldsmar, Florida, has filed for Chapter 11 bankruptcy protection after reporting more than $554,000 in liabilities, according to court filings obtained by FOX Business.VI Oldsmar LLC filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of Florida on Sept. 18, electing to proceed under Subchapter V, which is a streamlined bankruptcy process for qualifying small businesses.Court filings […]

Leading developers of artificial intelligence (AI) are raising concerns about the need to ensure the safety and alignment of cutting-edge frontier models as they become more capable.OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Microsoft have all signaled a focus on safety issues related to developing frontier AI models to ensure that they're aligned with serving humanity.Those calls come amid warnings from AI researchers that there's a chance that […]

American homebuyers battling elevated interest rates and high listing prices are confronting a far broader financial hurdle: a hidden "obstacle course" of property taxes, rising insurance premiums and local regulatory friction.Beyond headline mortgage rates, rising monthly carrying costs in high-growth states are increasingly influencing where families can afford to settle, according to SERHANT. founder and real estate star Ryan Serhant."New York taught me that real estate is a function of […]

Artificial intelligence is changing cyberattacks from the work of individual hackers into coordinated operations potentially involving hundreds of autonomous agents, creating a speed problem that traditional human-led cybersecurity systems may struggle to match, according to AI cybersecurity expert Yagub Rahimov.Rahimov, founder and CEO of Polygraf AI, told FOX Business that the emergence of so-called "AI swarms" doesn't necessarily mean a cyber doomsday is imminent, but said organizations need defenses capable […]

Record-high diesel prices are squeezing American farmers during harvest season, raising the risk that higher production costs could eventually hit consumers at the grocery store.Pivot Bio CEO Chris Abbott joined FOX Business’ Taylor Riggs on "Mornings with FOX Business" to discuss how rising diesel and fertilizer costs are pressuring farmers and threatening to push food prices higher.Diesel prices have climbed to a national average of $6.51 per gallon as global […]