Business

Honda announced Tuesday that it is recalling roughly 256,000 Accord Hybrid vehicles in the U.S. due to a software glitch that could cause "loss of power while driving," increasing the risk of a crash or injury.The recall covers certain Honda Accord Hybrids between the 2023 and 2025 model years, the supplier said in a press release."Due to a software error, the integrated control module (ICM) central processing unit (CPU) may […]

The so-called affordability crisis is nearly overshadowing massive Wall Street betting on whether the Fed will cut its target rate a quarter point at its next meeting December 9 and 10 — because some Fed heads have been mouthing off about inflation and buying into the lefty media’s attack on President Trump. In the last few trading sessions, investors have been selling because they think there will be no rate cut. Baloney.First […]

Almost everything has lined up for bonds lately.The Federal Reserve has been cutting interest rates. Jobs growth and consumer spending are slowing, keeping hopes for further cuts alive, but not pointing to an imminent recession that would threaten corporate balance sheets. Inflation pressure has continued to moderate, despite fears that President Trump’s tariffs will drive prices higher.The widely tracked Bloomberg U.S. Aggregate Bond Index has returned around 6.7% in 2025, accounting for […]

Panera Bread is launching a multimillion-dollar initiative to overhaul its operations to boost traffic and reverse years of stagnant sales growth. Panera, one of many fast-casual restaurants contending with a challenging landscape, announced its transformation strategy on Tuesday, dubbed "Panera RISE," which is focused on refreshing the menu, boosting its value proposition and customer experience by enhancing the look of its restaurants and expanding its network. The company aims to use this […]

Billionaire investor Bill Ackman unveiled a plan on Tuesday he says would help the Trump administration meet its goals for Fannie Mae and Freddie Mac, the two giant mortgage companies still under government control since the 2008 financial crisis.Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises that sit at the heart of the U.S. housing-finance system.Rather than making home loans directly […]

Property taxes in the Windy City are freezing over, and one Chicago city leader is making a plea for brands and businesses to bring back their headquarters and alleviate homeowners’ frostbite."The reason that our property taxes have gone up astronomically is because of the legislation that's coming out of the Illinois Statehouse, specifically the SAFE-T Act, that has made us a lot less safe," resident and ChicagoRED founder Patricia "P-Rae" […]

President Donald Trump said on Monday that the U.S. is in an era of economic prosperity as "prices are coming down.""This is also the golden age of America because we are doing better than we've ever done as a country," Trump said while addressing affordability in front of key political figures and McDonald's franchisees and executives in Washington at the McDonald's Impact Summit. "Prices are coming down and all of […]

The artificial intelligence-related layoffs sweeping corporate America could impact prime loan borrowers, Klarna CEO Sebastian Siemiatkowski said. "My concern is probably a little bit more like midterm than short term. If I look at short term, I think it looks fairly healthy… the big kind of unknown is the transformation that AI is driving," Siemiatkowski told FOX Business, underscoring how the rapidly advancing technology has become a bigger threat to office-based […]

A widespread outage at Cloudflare, an Internet infrastructure provider, has disrupted parts of the internet, including sites like ChatGPT and social media platform X.Cloudflare said on its status page on Tuesday that it identified an issue that was impacting multiple customers and that a fix was being implemented. "We have made changes that have allowed Cloudflare Access and WARP to recover. Error levels for Access and WARP users have returned to […]