Business

A 20-year-old McDonald's worker in Northern California is facing multiple surgeries after a co-worker allegedly hurled hot cooking oil at him, leaving him with severe second-degree burns across nearly a quarter of his body, according to his mother.Jacob Smith was working as a shift manager at a McDonald's in Yuba City when the shocking attack unfolded, his mother, Amber Smith, wrote in a GoFundMe post to raise money for her […]

Sam Bankman-Fried, the former cryptocurrency billionaire serving a 25-year sentence for fraud tied to the 2022 collapse of his FTX exchange, says he would welcome a pardon from President Donald Trump — but insists he has not lobbied the White House for one."It would be obviously, you know, ultimately up to the president, not up to me," Bankman-Fried told FOX Business in an exclusive interview from prison. Asked directly whether […]

Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports, looks to reorganize its footprint.JD Sports acquired Hibbett in 2024 in a deal valued at around $1.1 billion, with the acquisition viewed as enhancing JD's presence in the North American footwear market. Hibbett had 1,169 stores in 36 states as of May 2024, according to the press release for the […]

Legendary NFL quarterback Tom Brady’s latest business venture is hitting the beverage shelves in a market expected to reach $11 billion by 2030. Brady, as part of his latest partnership expansion with Gopuff, announced the launch of Good Nut, a premium line of organic coconut water, on Monday. With consumers conscious of seeking less processed, lower-sugar beverages today, the market for coconut water continues to rise. Gopuff, the instant commerce leader, identified […]

From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a bid for a White House lifeline.Speaking exclusively to FOX Business correspondent Susan Li, the convicted FTX founder said he "absolutely" wants a presidential pardon, while declining to say whether his family is currently lobbying the administration on his behalf."I assume that you would want a pardon from the White House?" Li asked Bankman-Fried over the phone."Absolutely," […]

Hundreds of thousands of space heaters sold at Costco and other major retailers for years are being recalled after reports that the units overheated and caught fire, prompting federal safety officials to warn consumers to stop using them immediately.The Consumer Product Safety Commission (CPSC) announced Wednesday that more than 255,000 Vornado tower heaters have been recalled.The agency said the heater's fan blade can detach from the motor shaft, causing the […]

Target is recalling several Up & Up baby wipes products sold nationwide after testing identified potentially dangerous bacteria that could cause serious infections, particularly in infants and young children.According to a recall notice posted Friday by the U.S. Food and Drug Administration (FDA), Target is voluntarily recalling certain lots of Up & Up Fragrance Free Baby Wipes and Up & Up Fresh Cucumber Scented Baby Wipes following customer complaints about […]

McDonald's customers may soon be giving their order to a robot.The fast food company is testing a new artificial intellience order-taking system at the drive-thru called ArchIQ at five locations across the country right now, according to Restaurant Business Magazine.The initiative is part of the company's new brand strategy called McDonald’s Next, which was announced this week.FOX Business has reached out to McDonald's for comment.MCDONALD'S UNVEILS NEW GROWTH STRATEGY TO […]

That’s right, business is booming. Who do you think creates jobs? That’s a serious question. The answer is not consumer spending, which is what 99% of overeducated economists and media types will tell you. It’s business that creates jobs. And by the way, jobs are booming.172,000 in May. Last three months 188,000 average. April and March revised up 93,000. All these results are twice as much as predicted, but the […]