Business

Panasonic has recalled one of its toaster ovens across the United States and Canada after the company found the appliance posed a risk of electric shock or fire.The recall covers 11,480 Panasonic Model No. NB-G200 Electric Toaster Ovens sold in the U.S., as well as another 2,184 sold in Canada.Pansonic said the power cord insulation "can be insufficient due to a protective fiberglass sleeve not covering it adequately, posing a […]

The parent company of 7-Eleven convenience stores shed more light on its plan to close hundreds of stores in the U.S. this year.Parent company Seven & i Holdings indicated in a filing earlier this year that it planned to close 645 7-Eleven stores in the company's fiscal year 2026.Seven & i Holdings' latest quarterly earnings report included a presentation about the company's various initiatives, including the restructuring of its store […]

Mortgage rates rose this week to the highest level in nearly a year, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.55% – the highest level since August 2025 – from last week's reading of 6.49%. The average rate on a 30-year loan was 6.75% a year ago.SILICON VALLEY ELITE SHIFT RECORD WEALTH […]

Fossil Group plans to close up to 15 stores this year as the watch and accessories company continues trimming its global retail footprint under a broader turnaround plan focused on costs, profitability and balance-sheet strength.Executives for the Richardson, Texas-based company said on Fossil’s first-quarter earnings call that the company shuttered seven stores during the quarter and expects total closures to reach up to 15 locations in 2026. The closures would […]

JPMorgan Chase CEO Jamie Dimon on Wednesday said there is still a lot of uncertainty over how AI will impact the workforce and people shouldn't be "breathless" in their concerns as new technologies have historically created new jobs.Dimon said in a conversation with Sen. Dave McCormick, R-Pa., at the Pennsylvania Defense and Innovation Summit that "we don't really know" about the impact of AI on the workforce as the emerging […]

With the American merchant fleet down to fewer than 190 flagged vessels from a high of nearly 3,000 in the 1960s, a critical national security gap has left the U.S. heavily reliant on foreign shipbuilders.To help reverse this decline, JPMorgan Chase announced Wednesday it is injecting $24 million into Philadelphia’s maritime sector to help secure the defense supply chain, building a new submarine assembly facility and training thousands of workers […]

California consumers could soon see higher grocery bills as the state begins implementing a sweeping packaging law that shifts recycling costs from taxpayers to manufacturers – expenses some businesses warn could eventually be passed on to shoppers.Beginning next month, California will start collecting preliminary fees under the state's Plastic Pollution Prevention and Packaging Producer Responsibility Act, a 2022 law that requires companies to help pay for the recycling and disposal […]

Treasury Secretary Scott Bessent announced Wednesday that the U.S. Mint will begin striking a new $1 gold coin featuring President Donald Trump to mark America’s 250th anniversary.Bessent said in an X post that the coin will honor "the enduring legacy of liberty" and serve as a "lasting symbol of patriotism.""Featuring President Trump, it celebrates the strength of American values, and the promise of a nation dedicated to preserving freedom for […]

New York's decision to pause the construction of large artificial intelligence data centers is drawing criticism from some lawmakers and energy officials, who argue the move could weaken the United States' ability to compete in the global AI race while encouraging investment to move elsewhere.FOX Business' Madison Alworth joined "Varney & Co." host Stuart Varney to discuss New York's first-in-the-nation pause on large artificial intelligence data centers, the debate over […]