Business

Legal pressure is mounting on OpenAI as Florida pursues both civil and criminal investigations that state officials say could expose the company to potentially billions of dollars in damages.Florida Attorney General James Uthmeier joined FOX Business’ Stuart Varney on "Varney & Co." to discuss Florida’s lawsuit against OpenAI, the company behind ChatGPT, and what he described as evidence that the platform poses risks to children without stronger safeguards.The lawsuit comes […]

Amazon will hold its annual Prime Day sales event from June 23 through June 26 this year, moving one of its biggest shopping promotions out of its traditional July window as the retailer looks to capitalize on a crowded summer calendar.The shift comes as Amazon targets consumer spending around the FIFA World Cup, Independence Day and celebrations marking America’s 250th anniversary, according to a company executive.Prime Day generated $24.1 billion […]

Corporate leadership across America has seemingly lost faith in the current trajectory of the U.S. economy, swinging sharply from optimism to pessimism in just three months.The Conference Board Measure of CEO Confidence, in collaboration with The Business Council, conducted its quarterly survey of 141 CEOs and found that the overall score fell to 47 in Q2 from 59 in Q1. Any reading below 50 means negative outlooks outnumber positive ones.Only […]

Honda is recalling nearly 99,000 vehicles in the U.S. over a defect that could cause airbags to deploy unexpectedly during a crash.The recall covers an estimated 98,892 Honda and Acura vehicles from model years 2016 through 2026, according to a May 21 notice from the National Highway Traffic Safety Administration (NHTSA).Federal safety regulators said a front passenger seat weight sensor may crack and short-circuit over time. If the defect occurs […]

McDonald's announced on Monday that it's rolling out a new corporate strategy that aims to make its stores easier to run for franchisees.The announcement, called "McDonald's > NEXT," focuses on increasing automation, raising standards for hospitality, leaning on social media for marketing and making its food items taste better.It comes as the fast food giant tries to hold on to lower-income consumers who've cut back on restaurant visits amid years […]

A finance expert is urging investors to look beyond the artificial intelligence trade after a massive rally in technology stocks, arguing that future market gains may come from other areas of the economy.UBS Managing Director and Senior Portfolio Manager Jason Katz joined FOX Business' "Varney & Co." host Stuart Varney to discuss market leadership, the outlook for consumers and where investors may find opportunities if enthusiasm around AI begins to […]

JPMorgan Chase Chairman and CEO Jamie Dimon issued an unfiltered, aggressive warning against a new crypto-friendly bill moving through Congress while also targeting Coinbase CEO Brian Armstrong's multimillion-dollar lobbying push.In a wide-ranging interview with FOX Business’ Maria Bartiromo on Friday, Dimon was asked for his thoughts on the CLARITY Act, which aims to establish clear regulatory guidelines in the U.S. for digital assets and stablecoins.Dimon then rejected Coinbase's messaging that […]

Yum Brands is reportedly in exclusive talks to sell Pizza Hut to private-equity firm LongRange Capital, according to a report citing a source familiar with the matter.The potential transaction would mark a significant shift for one of America's most recognizable pizza chains and underscores growing consolidation across the restaurant industry as operators navigate slowing consumer demand and higher costs.The discussions could result in a deal within several weeks, although no […]

Red Lobster is closing its Times Square restaurant after more than two decades in one of the world's busiest tourist destinations.The restaurant, located at 5 Times Square, is scheduled to close June 14, ending a high-profile presence the seafood chain has maintained in the heart of Manhattan since 2003."Times Square has been an important chapter in Red Lobster's history, and this was a difficult decision," the company said in a […]