Business

The MLB trade deadline has come and gone, and 50 trades were made in the final 31 hours.It was a whirlwind of moves, as teams fought for their last pushes to become a World Series contender, while others waved the white flag around and around.DraftKings' odds are looking a lot different after the trade deadline, so we kept track of three winners and losers, based on the numbers.CLICK HERE FOR […]

President Donald Trump is increasing the tariff on Canada from 25% to 35% beginning on Friday, after the U.S. neighbor to the north failed to help curb the imports of fentanyl and other illicit drugs.The White House noted Trump signed an executive order on Thursday to increase the tariff in an effort to hold Canada accountable for its role in the flow of illicit drugs into the U.S.Additionally, Trump signed […]

Tech giant Nvidia said on Thursday that its chips do not contain any "backdoors" that would allow others to remotely access or control them, following concerns from China over the security of the company's H20 artificial intelligence chip."Cybersecurity is critically important to us," a Nvidia spokesperson told FOX Business in an email. "Nvidia does not have 'backdoors' in our chips that would give anyone a remote way to access or […]

Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level. The upward move came after the tech giant posted stronger-than-expected results. Revenues jumped 18% to $76 billion, and net income rose over 23% to $34.3 billion. The bulk of the growth came from the company’s cloud computing arm and demand for artificial intelligence. "We’re innovating across the tech stack to help customers adapt […]

At least 119 JCPenney stores across the U.S. are set to change ownership in a major $947 million deal announced last week. The agreement comes five years after the retailer filed for Chapter 11 bankruptcy at the height of the COVID-19 pandemic. As part of its restructuring, the department store chain transferred ownership of 160 store properties and six distribution centers to a liquidating trust established on behalf of its secured […]

A new Dunkin' Donuts ad has people on social media in a furor over "genetics" for the second time this week.The breakfast food franchise released a short spot for its new summer Refresher drinks on Tuesday featuring "The Summer I Turned Pretty" star Gavin Casalegno. During the 35-second ad, the actor credited his summer tan to his "genetics.""Why are ads so obsessed with genetics all of a sudden," one user […]

President Donald Trump announced in a Truth Social post that he and Mexican President Claudia Sheinbaum agreed to extend the deadline for reaching a trade deal, though he seemed flexible on the timeline. The buzzer-beater agreement comes just one day before the deadline Trump announced earlier this month. TRUMP ADMINISTRATION FIRES WARNING AT MEXICO OVER 'BLATANT DISREGARD' OF AIR AGREEMENT"We have agreed to extend, for a 90-day period, the exact same […]

Starbucks is closing its pickup-only grab-and-go stores next year to better align with CEO Brian Niccol's strategic coffeehouse portfolio overhaul aimed at revitalizing traffic and restoring in-store experiences. Starbucks decided to sunset its mobile order and pickup-only concept in fiscal 2026 following an evaluation of its North American portfolio to ensure it has "the right coffeehouses in the right locations to drive profitability and deliver the Starbucks experience," Niccol said on […]

President Trump announced Wednesday that the U.S. and South Korea have reached a comprehensive trade agreement, in which the East Asian country will invest $350 billion in American projects selected by Trump.South Korea, which has agreed to be "completely open" to trade with the U.S., will now face a reduced tariff of 15% on imported goods — down from the planned 25%, which would have gone into effect on Aug. […]