Business

Meritage Hospitality Group, one of the largest Wendy’s franchisees in the U.S., has filed for Chapter 11 bankruptcy protection following a high-stakes dispute with the fast-food chain's corporate parent.The bankruptcy filing comes amid severe financial pressures at the franchisee, which has struggled with soaring beef costs and weak customer traffic, while Meritage has also blamed aggressive promotional discounting for squeezing margins.The Michigan-based operator runs 314 Wendy's locations across 15 states. […]

Actor Mark Ruffalo is ramping up pressure on California Attorney General Rob Bonta amid reports of settlement talks over the proposed Paramount-Warner Bros. Discovery merger, warning the Democrat not to "cave" and urging supporters to rally outside his Oakland office."Don’t you dare @AGRobBonta, do not cave," Ruffalo wrote Saturday on X.Ruffalo's lobbying comes as the massive transaction remains on hold under a court agreement and Paramount CEO David Ellison clashes […]

Max Tegmark, an MIT physics professor and machine learning researcher, says he has warned about the danger of artificial intelligence (AI) potentially overtaking human beings for over a decade.Tegmark argues that without sufficient guardrails, AI systems will recursively improve themselves until they achieve superintelligence, allowing them to "call the shots" on Earth.This week, Tegmark traveled from Cambridge, Massachusetts, to Washington, D.C., for a closed-door meeting with a bipartisan group of […]

Start spreadin' the news… they’re leavin' today… Wait, that’s about New York.And maybe they’re not leaving. Paramount has been threatening to leave Los Angeles and California for a few months now. Leaving would take one of Hollywood’s "Big Five" studios out of the city, out of the state, but not out of anyone’s mind. Discussions appear to be ongoing within the studio, as FOX Business recently reported. Paramount and Warner Bros. have been […]

Google's Gemini artificial intelligence accessed the protected systems of three real companies while undergoing a cybersecurity test, including one instance in which the model repeatedly guessed passwords until it gained access.According to The Wall Street Journal, the incidents took place in May and mark the first known examples of Google's AI autonomously accessing real companies' systems during this type of evaluation. Google confirmed the incidents to the outlet.The disclosure comes […]

California entrepreneur Eric Schiffer warned that the state's proposed billionaire wealth tax could drive some of its most successful business leaders out of California, predicting a "giant sucking sound" of entrepreneurs heading for the exits if voters approve the measure.Schiffer, chairman of family office Patriarch and CEO of Reputation Management Consultants, told FOX Business he works with several billionaire clients, including some in California, and said many are unhappy about […]

Uber has been ordered to pay $40 million in the 2023 death of a Southern California woman who was struck and killed by a vehicle after her rideshare driver kicked her out on the side of a freeway.Retired Judge Richard Stone, an arbitrator, rejected Uber's argument that it "merely operates a technology platform" and that it was shielded from "vicarious liability for the negligence of its drivers," according to Panish […]

In-N-Out Burger store managers make more than $200,000 annually on average, which the fast-food chain says reflects the company's philosophy of investing in its workforce."I can confirm that our In-N-Out Burger store managers earn more than $200,000 a year on average," Chief Operating Officer Denny Warnick said in a statement to FOX Business.Warnick noted that In-N-Out's founders, Harry and Esther Snyder, believed in "taking really great care of our associates.""Their […]

Apple fans eager to get their hands on the latest iPhone crowded stores worldwide on Friday.The 18 Pro and Pro Max lineup, unveiled last week at Apple's annual event alongside its foldable phone Duo, features a reimagined camera with a DSLR-like aperture, improving performance in low-light environments and offering enhanced depth of field.Apple also announced that the new line of iPhone 18s will be able to detect AI-generated photos by […]