Business

Costco has raised the price of motor oil sold under its exclusive private-label Kirkland brand and is now limiting how much customers can purchase weekly amid rising oil prices.A 10-quart case of Kirkland Signature full synthetic motor oil is now $58, according to Costco’s website, after previously selling for roughly $30 to $35 for much of the past several years.Customers are limited to two cases per week, the product page […]

Artificial intelligence could become a powerful economic engine for American communities, but a tech CEO warns that allowing a handful of companies to dominate the technology could lead to a much darker outcome.Patmos CEO John Johnson joined FOX Business' Stuart Varney on "Varney & Co." to discuss the race to develop artificial intelligence, concerns about centralized technological power and the infrastructure he says the U.S. needs to build to remain […]

Microsoft on Monday revealed a draft of a new "Humanist AI Code of Conduct" that outlines the principles that will govern its development of AI models in an effort to get feedback ahead of publishing a revised version later this year.The company said the "Humanist AI Code of Conduct" will take into account feedback it receives on the draft over the next six weeks, which will be incorporated into the […]

GameStop says it is reopening "select" stores across the country as company insiders make new investments in the video game retailer's stock.The company announced on social media that "select" closed stores would begin reopening Sept. 11.GameStop did not initially disclose a complete list of returning locations. A company spokesperson told FOX Business that "at least one" store — located in Brooklyn, Ohio — was part of the initial rollout.The move […]

OpenAI CEO Sam Altman signaled that the company will delay its initial public offering (IPO) amid concerns about the safety and alignment of AI models given potential risks they could pose to society.The ChatGPT-maker confidentially submitted an S-1 filing with the Securities and Exchange Commission in June to begin the IPO process. The company said at the time that it hadn't decided on the timing of the IPO, saying "it may […]

President Donald Trump doubled down on the importance of developing artificial intelligence despite the potential harms on Sunday.The statement comes just days after Anthropic CEO Dario Amodei called for a blanket slowdown in AI development in order to ensure safety. Trump on Sunday appeared to push back on that sentiment."I'm not downplaying, but it's, you know, it's going to be more good than bad, but by a lot," Trump told […]

Fans at the Irish Open cheered President Donald Trump after he announced the end of U.S. tariffs on Irish whiskey on Sunday.Trump made the announcement while speaking at the award ceremony for the Open, which was played at the Trump International Golf Club in Doonbeg, Ireland."Everybody's been bugging me, saying, would you do me a favor? It's so unfair what's going on. Could you possibly take the tariffs off of […]

The fuel most Americans rarely think about could become a major political issue in the midterm elections after diesel prices hit a new national record and climbed above $6 per gallon.While gasoline prices grab headlines, diesel quietly powers the trucks, farms, freight trains and heavy equipment that keep the U.S. economy moving. From the groceries on supermarket shelves to Amazon packages on doorsteps and the materials used to build new […]

President Donald Trump doubled down Sunday on his pledge to send $5,000 to every American adult if Republicans win the midterm elections, declaring that the country can "easily" afford the payments and insisting, "I always keep my pledge."Trump made the remarks at the Amgen Irish Open in Doonbeg, Ireland, where he said the U.S. is bringing in enough money to cover the payments."If the Republicans win, as they said, it's […]