Business

From growing up poor and fatherless in a tough Italian neighborhood in Buffalo, New York, likened to that of the film "Goodfellas," to building a Burger King franchise empire in the mountainous West of Utah, John Gullo’s story is a quintessential example of the classic rags-to-riches tale.Yet for this entrepreneur-turned-philanthropist, the "riches" never equated to the money he made. Gullo innately knew early in life that it was about giving […]

FIRST ON FOX: A new policy report warns that the AI data center boom could drive up the cost of laptops, smartphones, cars and other everyday products as chipmakers shift scarce memory-chip capacity toward more profitable AI applications.The report, published by the Abundance Institute and first viewed by Fox News Digital, says manufacturers are shifting capacity toward high-bandwidth memory, or HBM, for AI data centers, constraining the supply of conventional […]

Federal Reserve Chair Kevin Warsh on Friday delivered his first keynote at the annual monetary policy conference in Jackson Hole, Wyoming, against a backdrop of uncertainty over inflation, as well as how he will guide policymakers as they consider interest rate moves.Warsh's speech comes as the Federal Reserve has held interest rates steady at each of its five meetings so far this year amid persistent inflation, which moved further away from the […]

The massive cyclosporiasis outbreak linked to iceberg lettuce and thousands of illnesses has expanded to three new states, federal health regulators announced Thursday.The Food and Drug Administration (FDA) said the outbreak, which has been linked to hundreds of hospitalizations and two deaths since illnesses were first reported in July, has now been detected in Georgia, Tennessee and Texas.There have now been 11,458 illnesses reported across 20 states, according to the […]

Parent activists say Meta's $17 billion settlement in a child social media addiction lawsuit is "peanuts," and more needs to be done to protect children on social media.Activist Cheryl Brown lost her daughter, McKenna, to cyberbullying and sexual harassment and is now leading the charge to hold Meta accountable for how it treats young users.She told FOX Business in an interview that while Meta agreed to make some changes following […]

An Atlanta woman who participated in a scheme that defrauded Amazon out of nearly $10 million was sentenced to over 16 years in federal prison on Wednesday, the Justice Department announced.The U.S. Attorney's Office for the Northern District of Georgia said in a release that Brittany Hudson was sentenced to 16 years and three months in federal prison after she and her partner used a business relationship with Amazon to […]

A California McDonald’s employee allegedly shot a co-worker inside the restaurant Monday morning before the armed suspect was killed when responding officers confronted him, authorities said.The Lodi Police Department said officers responded to the McDonald’s on West Lodi Avenue at approximately 9:30 a.m. after dispatchers received a report of an armed suspect inside the restaurant.When officers arrived, they heard gunfire coming from inside and discovered an employee who had been […]

Greater New York Chamber of Commerce President and CEO Mark Jaffe, a founder and legal counsel for the Multicultural Business Coalition that is involved in suing over New York City Mayor Zohran Mamdani's controversial plans to open government-linked grocery stores in the Big Apple, described the initiative as "disastrous" for business owners, slamming the Democratic socialist's administration as "heartless.""Government should not be in the business of taking out private enterprise. […]

Food-manufacturing giant General Mills announced that all of its U.S. cereal offerings are now created without "certified colors."The company said it intends to remove "certified colors," which it notes are "also known as synthetic color additives," from all of its U.S. products by the end of next year."With all U.S. cereals – including Lucky Charms and Trix – now free from certified colors, 90% of General Mills’ U.S. retail portfolio […]