Business

Meta is preparing a sweeping workforce overhaul tied to its aggressive artificial intelligence push, including plans to move thousands of employees into AI-focused roles while cutting managers and laying off workers this week.The Facebook parent plans to lay off roughly 10% of its workforce Wednesday as part of a broader restructuring tied to CEO Mark Zuckerberg’s effort to remake the company around AI tools and autonomous agents, according to an […]

Ford Motor Co. is partnering with Seattle-based outdoor brand Filson to launch a new Bronco SUV aimed at consumers who value rugged utility, outdoor adventure and products built to last for generations.The companies announced Tuesday that the first-ever Bronco Filson SUV will debut on June 3."It is definitely catered to those that really have the appreciation for the outdoors, but [those who] also have an appreciation for products that you […]

A federal jury ruled against Elon Musk in his lawsuit accusing OpenAI of abandoning its nonprofit roots, finding that neither the tech company nor CEO Sam Altman could be held liable in the matter because Musk waited too long to bring the case.The jury delivered a unanimous verdict after deliberating for less than two hours on Monday morning, following 11 days of testimony and arguments in Oakland, California. They found […]

Former Google CEO Eric Schmidt was met with boos during a University of Arizona commencement speech after discussing artificial intelligence and fears the technology could reshape – or replace – parts of the workforce.Schmidt, who led Google from 2001 to 2011, addressed graduates on Friday while reflecting on how technology transformed society during his career. The atmosphere shifted, however, when he pivoted to artificial intelligence – a topic that has […]

New York City Mayor Zohran Mamdani on Monday announced another location for one of the city’s five planned government-run grocery stores.The store will be located in the Bronx at what Mamdani called The Peninsula, a planned mixed-use campus that will also offer affordable housing and a health and wellness center in the Hunts Point neighborhood. It is scheduled to open some time in 2027."This store will be the first of […]

NextEra Energy is making a massive $66.8 billion bet that America’s artificial intelligence boom will drive a historic surge in electricity demand, announcing plans to acquire Dominion Energy in a blockbuster utility deal that would create the world’s largest regulated utility by market value.The combined company would serve roughly 10 million customer accounts across Florida, Virginia, North Carolina and South Carolina and operate about 110 gigawatts of generation capacity. The […]

The Trump administration on Monday unveiled the nation’s first Workforce Pell Grant program, a federal student aid initiative designed to move Americans more quickly into high-demand jobs through short-term training and certification programs.Education Secretary Linda McMahon announced the program in a FOX Business exclusive interview on "Mornings with Maria," calling it a key part of President Donald Trump’s workforce and economic agenda.The initiative will allow eligible students to use Pell […]

A newly built home may cost more upfront, but buyers could come out ahead over time as newer properties require less maintenance and use less energy, according to a new Realtor.com report.The report suggests buyers should look beyond listing prices and consider the long-term cost of homeownership when comparing new and existing homes.The findings arrive as housing affordability continues to dominate economic concerns for many Americans ahead of the midterm […]

Thousands of Long Island Rail Road workers are officially on strike as of midnight Saturday, effectively shutting down the nation’s busiest commuter railroad in its first strike in more than three decades and threatening major economic disruption across the New York region ahead of Memorial Day travel.The strike halted service for roughly 300,000 daily riders after last-minute contract negotiations between the Metropolitan Transportation Authority and a coalition of five rail […]