Target is set to report earnings before the bell. Here's what to expectTarget is expected to report its fiscal second-quarter results Wednesday morning as the retailer offers a window into its turnaround progress.{}
Frozen dog food recalled over salmonella contamination that led to multiple pet illnessesOma's Pride recalled more than 600 bags of frozen dog food distributed to 11 states after a Food and Drug Administration inspection revealed salmonella contamination.
More than 600 bags of frozen dog food are facing a recall after FDA testing prompted by a consumer complaint found salmonella contamination.
Connecticut-based Oma’s Pride issued a recall for one lot of Woof Complete Canine Chicken Recipe, the company announced on Monday.
A total of 639 bags are affected by the recall effort. The impacted products have a manufacturing date of Jan 27, 2026, and a best-by date of Jan. 27, 2029. The recalled product is a raw dog food sold in a six-pound gusseted stand-up pouch containing 12 individually-wrapped, eight-ounce vacuum-sealed portions.
The recalled lot of dog food was distributed to retailers and wholesalers in 11 states: Arizona, California, Indiana, Kentucky, Louisiana, Maryland, Nevada, New Jersey, New York, Pennsylvania and Virginia, as well as directly to consumers through online orders. The products were distributed between Feb. 12 and May 15 of this year.
RECALL ISSUED FOR DOG AND HORSE MEDICATION AFTER GLASS FIBER FOUND IN VIALS
Oma’s Pride ships its products to consumers across 48 states, with the exception of Alaska and Hawaii.
The recall was initiated after the FDA received a consumer complaint. The agency then collected and analyzed a sample of the product, which tested positive for salmonella.
Oma's Pride said it is continuing an investigation to determine the source and root cause of the contamination.
Three illnesses in dogs have been reported in connection with the dog food. No human illnesses have been reported.
Salmonella can affect animals eating the dog food, the company said, adding that there is risk to people from handling contaminated pet products, especially if they have not thoroughly washed their hands after touching the food or any surfaces exposed to it.
Pets with salmonella infections may be lethargic and have diarrhea, fever and vomiting. Some pets may only have decreased appetite, fever and abdominal pain. Infected but otherwise healthy pets can be carriers and infect other animals or people.
Owners with pets who have consumed the recalled product and are showing these symptoms are urged to contact a veterinarian.
Healthy people infected with salmonella are advised to monitor themselves for symptoms, including nausea, vomiting, diarrhea, abdominal cramping and fever. Salmonella can cause additional ailments such as arterial infections, endocarditis, arthritis, muscle pain, eye irritation and urinary tract symptoms.
People showing these signs after having contact with the recalled dog food should contact a healthcare provider.
POPULAR PET FOOD RECALLED OVER POSSIBLE SHARP METAL AND PLASTIC CONTAMINATION
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Consumers who purchased the affected dog food are instructed to stop feeding it to their pets immediately, safely dispose of it and contact Oma's Pride for a refund.
They should also wash and sanitize pet food bowls, cups and storage containers.
"Oma’s Pride is conducting further investigation to better understand this finding," the company said. "The health and safety of pets and the people who care for them is our highest priority. We are proud of the food we make, and we remain committed to producing high-quality, biologically appropriate pet food. We will continue to update our customers as more information becomes available."
https://www.foxbusiness.com/economy/frozen-dog-food-recalled-over-salmonella-contamination-led-multiple-pet-illnessesSteak 'n Shake launches Protein Steakburger with grass-fed beef in latest MAHA-inspired moveSteak 'n Shake's new Protein Steakburger features 100% grass-fed beef with lettuce instead of a bun, packing 31 grams of protein and just 6 carbs.
Steak 'n Shake, the fast-food chain embracing Health and Human Services Secretary Robert F. Kennedy Jr.'s Make America Healthy Again (MAHA) movement, announced that it will launch a new "Protein Steakburger" next month.
The restaurant chain unveiled the Protein Steakburger, along with a Double Steakburger Double Cheese, with both menu items set to launch Sept. 1.
"Real ingredients. Real food. The Protein Steakburger consists of two 100% grass-fed, grass-finished Steakburgers," the company wrote. "It's the perfect meal after a hard workout."
The announcement comes amid Steak 'n Shake's broader push toward what the company has described as simpler and more transparent ingredients.
STEAK ’N SHAKE SHAKES UP POPULAR 'PATRIOT MILKSHAKE' WITH NEW, EDIBLE TWIST AVAILABLE ONLY IN 2026
Steak 'n Shake said the Protein Steakburger contains 530 calories, 31 grams of protein and 6 grams of carbohydrates. The Double Steakburger Double Cheese contains 690 calories, 31 grams of protein and 38 grams of carbohydrates.
Images released by the company show the Protein Steakburger served with lettuce in place of a traditional bun, while the Double Steakburger Double Cheese is served on a traditional bun.
In a previous social media post, Steak 'n Shake said it was embracing "MAHA principles" as it embarked on a "mission to change the landscape of fast food with healthier options."
"We are the only national chain offering 100% grass-fed, grass-finished beef and 100% beef tallow fries," the company wrote. "It is not only better tasting but also better for you!"
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The new burgers come months after Steak 'n Shake tapped Michael Boes in April as its first-ever chief MAHA officer, an executive role the company said is "dedicated to advancing nutritional integrity, ingredient transparency and the healthiness of our products."
Boes, who previously served as a senior advisor at HHS, said at the time that fast food does not have to mean processed or artificial menus, but rather "real, simple and delicious" food.
Steak 'n Shake framed the hire as part of a broader effort to return to its roots.
"The move marks a major step in the company's efforts to restore the original spirit of American fast food: food that is simple, real and delicious," the company said.
The move also received praise from President Donald Trump, who shared the company's post and wrote: "Awesome."
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Boes discussed Steak 'n Shake's embrace of the MAHA movement during an interview with Fox News last month, arguing that consumers increasingly want more natural ingredients.
"The reality is people want this," Boes said. "It's this ode to what the food environment was 50, 60 years ago, what my grandfather, my parents enjoyed. I think people want that. No one ever demanded these chemicals and highly processed seed oils. It was never implemented due to taste. It was profits. And we wanted to put a stake in the ground on being an American company and delivering the best food for Americans."
The new menu items also drew praise from some social media users.
"Amazing option!" one user wrote. "I told my oldest two (now at college) if they get hungry and opt for fast food, head to a Steak 'n Shake since you use tallow and grass-fed beef. Appreciate your fast-food new healthy ingredients and menu."
In recent months, Steak 'n Shake has switched to cooking fries, tater tots and other fried items in 100% beef tallow, eliminating seed oils from those products. The chain has also moved to 100% Wisconsin butter in certain applications, offered Coca-Cola made with cane sugar as an alternative to high-fructose corn syrup and introduced A2 milk products.
FOX Business has reached out to Steak 'n Shake for additional information.
Fox News Digital's Deirdre Bardolf contributed to this report.
https://www.foxbusiness.com/lifestyle/steak-n-shake-launches-protein-steakburger-grass-fed-beef-latest-maha-inspired-moveTrump pauses 50% tariffs on Canada hours before deadline after announcing potential dealPresident Donald Trump paused 50% tariffs on Canadian imports hours before they took effect, saying a deal with Canada is pending finalization.
President Donald Trump said late Tuesday that he is pausing 50% tariffs on Canadian goods scheduled to take effect Wednesday, saying the two countries have reached a deal pending final documentation.
"I have paused the 50% Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the U.S.A., subject to the finalization of documents, have a DEAL!" Trump wrote on Truth Social.
"The great Keystone XL Pipeline, long ago killed by Sleepy Joe Biden, may be awoken from the grave!" Trump added.
Trump's announcement came just hours before the tariffs were scheduled to take effect for a three-day period under the Tariff Act of 1930.
FORD’S US MANUFACTURING EXPANSION TO BRING ‘THOUSANDS AND THOUSANDS OF JOBS,’ LUTNICK SAYS
The duties would have covered roughly $20 billion in Canadian imports, including liquor, dairy products, vehicles, hockey equipment and other goods. Certain food products, wearables, synthetic materials and industrial goods were also expected to be affected.
Trump spoke with Canadian Prime Minister Mark Carney on Monday night and reportedly spoke with him again Tuesday afternoon, according to FOX Business correspondent Edward Lawrence.
FOX Business reached out to the White House for comment.
The Office of the United States Trade Representative offered additional details about the agreement, saying it would address market access, economic security and digital trade.
"Congratulations Mr. President. The deal will include comprehensive market access for all American goods, economic security commitments, digital trade alignment, and many important provisions that will continue to protect our market and American workers, along with our Canadian partners," the office said in a statement.
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In a statement Tuesday night, Carney said the two countries have been engaged in "intensive discussions" to resolve outstanding trade issues and have made "substantial progress."
"Over the last number of weeks, Canada has engaged in intensive discussions with the United States to address outstanding trade issues and deliver greater certainty and real benefits for Canadian businesses, workers, farmers and families," Carney said.
"Substantial progress has been made, although there is important work still to be done," he continued. "As this work is ongoing, the United States has agreed to postpone the implementation of its 50% tariff on a range of Canadian goods under Section 338 of the U.S. Tariff Act of 1930 until end of day, August 21."
"While we continue this work, Canada remains focused on building a stronger, more independent, and more competitive economy at home," Carney added.
The Trump administration announced the proposed tariffs on certain Canadian imports in June, citing what officials described as trade "discrimination" against American businesses.
TRUMP ADMINISTRATION UNVEILS NEW TARIFFS ON 60 TRADING PARTNERS AS TEMPORARY DUTIES EXPIRE
According to presidential proclamations, Canada has maintained a 25% tariff regime since April 9, 2025, targeting American-made motor vehicles and parts.
The administration previously accused Canada of using a quota system that limits the number of U.S.-made vehicles allowed into the country tariff-free.
Officials said the system further penalizes companies that shift manufacturing jobs from Canada back to the U.S., effectively pressuring American companies to keep production north of the border.
Carney condemned the Trump administration's tariff plan at the time, calling it a "direct violation" of the Canada-United States-Mexico Agreement (CUSMA), the free trade agreement among the three countries.
This is a developing story. Check back for updates.
FOX Business' Bonny Chu contributed to this report.
https://www.foxbusiness.com/politics/trump-pauses-50-tariffs-canada-hours-before-deadline-after-announcing-new-dealCostco plots major expansion into senior healthcare with Medicare partnershipIn a first-of-its-kind venture, Costco is partnering with SCAN Health Plan on senior-focused insurance products that could include pharmacy, vision and hearing benefits.
Costco will soon offer Medicare plans to certain members as part of a new, first-of-its-kind health insurance venture.
The warehouse giant has teamed up with SCAN Health Plan, one of the nation’s largest nonprofit Medicare Advantage plans focused on senior health care, the insurance company announced Tuesday.
Under the partnership, the companies will launch a "suite of senior-focused" insurance products over the coming years.
Pending regulatory approval, the suite could include a revamped pharmacy experience, Medflex over-the-counter pharmacy benefits, vision care coverage, audiology or hearing benefits and more.
COSTCO ADDS HOT FAN FAVORITE TO FOOD COURT MENU AS SHOPPERS DEBATE TASTE AND VALUE
The plans will be sold at Costco stores and also made available through insurance agents and websites, according to The Wall Street Journal.
The companies have not revealed exactly when the plans will become available, as regulatory review and approval are still pending. SCAN currently serves members across 33 counties in California, Arizona, Nevada, Texas, New Mexico and Washington.
SCAN Health said the initiative was designed to address the "disjointed experience that many seniors face accessing care and services" and will "bring more value and better experience to seniors as they navigate their health insurance."
COSTCO MAKES PAYMENT CHANGE THAT COULD SPEED UP CHECKOUT FOR MEMBERS
"For the millions of older adults who rely on Medicare Advantage, the future of the program depends on strong partnerships that make healthcare more accessible, more connected and more seamlessly integrated into everyday life," Dr. Sachin Jain, CEO of SCAN Group and SCAN Health Plan, said in a statement.
"Older adults want healthcare that is easier to navigate, more responsive to their needs and rooted in organizations they trust. Our expanded partnership with Costco will give us a strong foundation to explore new ways to help people stay healthy and independent while delivering the quality, value, and service both of our organizations are known for."
Costco CEO Ron Vachris added that the partnership with SCAN serves as an extension of the company’s commitment to providing value to its customers.
"For more than 40 years, Costco has consistently listened to our Members and earned their trust delivering consistent value on essential goods and expanding our health service offerings," Vachris said in a statement.
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"Selecting SCAN as our partner to deliver a better healthcare experience for seniors, is an extension of that commitment. We have developed a shared understanding of what matters most to the seniors we serve. Deepening our partnership allows us to build on that foundation and create value for our Members."
FOX Business reached out to Scan Health for more information.
https://www.foxbusiness.com/retail/costco-plots-major-expansion-senior-healthcare-medicare-partnershipFall travel bargains are fading as shoulder-season demand drives up pricesTravelers hoping to score cheaper fall getaways may need to rethink where and when they book as shoulder-season prices inch closer to summer highs.
Travelers can still score deals this fall, but they may have to work harder to find them as the traditional shoulder season gets squeezed.
Fall travel interest on Vrbo is up 17% from a year ago, while average nightly rates after summer are now just 5% below peak summer prices across the platform’s top destinations, according to new data from the vacation rental platform.
"Shoulder season is this magic time between Labor Day and the holiday travel season when, traditionally, prices have dropped pretty dramatically and crowds have thinned out," Vrbo Travel Expert Melanie Fish told FOX Business. "Well, summer travel demand is now bleeding over into fall."
Some of the best savings remain in beach destinations, overseas markets and trips booked for later in the fall.
WEALTHY AMERICANS LOOK TO NEW ZEALAND AS DEMAND FOR 'GOLDEN VISAS' BOOMS
Myrtle Beach, South Carolina, tops Vrbo's list, with vacation rental rates averaging 34% less than during summer. One property cited by the company drops from as much as $1,300 per night in August to about $600 in October.
Other beach markets also offer discounts. Orange Beach, Alabama, offers average savings of 31%, followed by Panama City Beach, Florida, at 24%, Santa Rosa Beach, Florida, at 16%, and Ocean City, Maryland, at 12%, according to Vrbo.
Fish said travelers chasing lower prices should consider swapping destinations or keeping an eye out for last-minute discounts.
BUDGET AIRLINE JETSTAR TO CHARGE PASSENGERS FOR STORING BAGS IN OVERHEAD COMPARTMENTS
Travelers heading overseas may also have better luck. European vacation rental prices fall an average of about 8% from summer highs during the fall, with larger discounts in destinations including Corfu, Crete, Girona, the Azores and Siena.
Major tourism hubs such as London, Paris, Madrid and Rome tend to hold onto higher prices, leaving fewer shoulder-season bargains.
The squeeze is also showing up in several major U.S. cities. Vrbo said fall rates are rising in Nashville, Boston, Chicago and Miami as demand stays strong beyond summer.
SEE IT: TRUMP ADMIN UNVEILS SWEEPING $22.5B DULLES AIRPORT OVERHAUL
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Travelers willing to wait until after the holidays could find the biggest break.
From just after New Year’s through the period before spring break in early 2027, lodging prices are expected to run about 34% below summer peaks, with possible deals in San Diego, Los Angeles and Orlando.
https://www.foxbusiness.com/lifestyle/fall-travel-bargains-fading-shoulder-season-demand-drives-up-pricesAmerican Airlines makes major cabin upgrade as it battles for premium passengersAmerican Airlines is installing 4K seatback screens, Bluetooth connectivity, and USB-C charging across more than 800 narrowbody aircraft starting in 2028.
American Airlines passengers could soon notice some big changes when they settle into their seats, as the carrier rolls out a major overhaul of the onboard experience.
The company said Tuesday that more than 800 narrowbody aircraft will ultimately receive new entertainment systems featuring 4K displays, Bluetooth connectivity and USB-C charging.
"Big enhancements are taking flight," American said in a post on X announcing the changes.
New aircraft equipped with the screens are expected to begin arriving in the second half of 2028, while retrofits of existing jets are scheduled to start later that year.
CHICK-FIL-A REIMAGINES SOUTHERN BREAKFAST CLASSIC AS AMERICANS PILE ON THE PROTEIN
The retrofit program is expected to stretch into the early 2030s, according to American.
The move marks a notable shift for the Fort Worth, Texas-based carrier, which has for years relied heavily on passengers streaming entertainment to their own phones, tablets and laptops on many domestic flights.
The airline told Fox News Digital that changing passenger habits helped drive the decision.
"Customer preferences have evolved," the airline shared with Fox News Digital, adding that the shift has become particularly apparent since the COVID-19 pandemic.
The carrier added that younger travelers, in particular, increasingly expect access to multiple devices and larger screens during their trips.
At the same time, improvements in satellite internet are changing what airlines can offer passengers in the cabin. American plans to begin installing high-speed Starlink Wi-Fi on its narrowbody aircraft in 2027.
AMERICAN AIRLINES REPORTEDLY PAUSES 6 DOMESTIC ROUTES AMID FUEL PRICE PRESSURE TIED TO IRAN CONFLICT
The airline said combining built-in screens, passengers' personal devices and faster connectivity could create a more personalized in-flight experience, while also opening up "new opportunities for engagement and revenue growth."
The upgrades will cover both new aircraft and planes already in American's fleet. Newly delivered Airbus A321 and Boeing 737 MAX 10 aircraft will receive the entertainment systems, while existing narrowbody aircraft will be retrofitted.
American's current Airbus A320 fleet is the exception and will not receive the new seatback entertainment systems, the carrier told Fox News Digital.
The cabin overhaul goes beyond screens.
American is also increasing the number of higher-priced seats across its narrowbody operation, as airlines increasingly compete for travelers willing to pay more for additional space and premium amenities.
Premium seating currently represents roughly 25% of seats on American's narrowbody departures. The airline expects that figure to climb to approximately 40% in the coming years.
UNITED AIRLINES DROPS MERGER PURSUIT WITH AMERICAN, CEO KIRBY DETAILS WHY
American is already modifying its Airbus A319 and A320 aircraft to add another row of first class. Its future Boeing 737 MAX 10 aircraft are expected to have 24 first-class seats, while the airline also plans to reconfigure its A321neo fleet with additional first-class seating.
The carrier is expanding Main Cabin Extra, its extra-legroom economy product, across most of the narrowbody fleet as well.
"We’re making one of the most significant investments in the onboard experience in our history," American Chief Customer Officer Heather Garboden said.
The airline's decision comes as carriers increasingly focus on premium travelers and cabin amenities as another way to differentiate themselves beyond ticket prices and schedules.
American's new screens are expected to rank among the largest offered on narrowbody aircraft in North America, according to the carrier. The system will also offer personalized movie and television recommendations, interactive flight maps and destination information.
The first newly delivered aircraft with the technology are still roughly two years away, meaning passengers will see the changes gradually rather than through an immediate fleetwide overhaul.
American Airlines expects the retrofit program to be completed in the early 2030s.
https://www.foxbusiness.com/fox-news-travel/american-airlines-makes-major-cabin-upgrade-battles-premium-passengersTreasury yields hit multi-decade highs amid surging national debtTreasury yields hit multi-decade highs as the U.S. national debt nears $40 trillion, with the federal budget deficit projected at $2.1 trillion this year.
Financial markets and investors are reacting to the rapidly growing U.S. national debt, which is approaching a record of $40 trillion, by requiring greater returns for those who invest in America's debt obligations.
Yields on U.S. Treasurys have been elevated recently, in part due to the growth in debt, with the federal government projected to run a roughly $2.1 trillion budget deficit this fiscal year, according to the nonpartisan Congressional Budget Office (CBO).
Two recent Treasury auctions in the last week drew attention due to the yields reaching historic levels – the sale of 10-year notes cleared at a high of 4.683%, the highest in 19 years, while the 30-year bond auction stopped at 5.216%, a 25-year peak.
Demand from investors has remained steady despite the higher yields, as they navigate concerns over the growing debt, widening budget deficits and inflation – with the higher yields attracting investors.
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The higher yields at last week's auctions showed no sign of an abrupt decline in demand from domestic and foreign investors for Treasurys. Analysts also indicated there weren't signs that so-called bond vigilantes, who are concerned with fiscal policy and inflation risks and demand higher yields to invest, are actively selling Treasurys.
Yields on U.S. debt are higher than those on the debt issued by other developed countries like Japan, contributing to the stronger demand for Treasurys.
Jim Barnes, director of fixed income at Bryn Mawr Trust in Pennsylvania said in a Reuters report that the "appetite for Treasurys is still there and it's just a matter of – at what yield," adding that the "10-year at close to 5% and the 30-year at multi-decade highs will attract more buyers for risk-free Treasurys."
Treasurys are considered to be "risk-free" in theory, because the federal government is perceived as having little to no chance of entering into a formal default because of its ability to tax and control its money supply through the Federal Reserve. In practice, they do carry some risks for investors that owe to shifts in inflation and interest rates, despite the unlikely prospect of default.
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Elevated yields on U.S. debt do pose a challenge for consumers, as the yield on the 10-year Treasury note is a key guide for mortgage rates and they typically move in tandem.
Higher mortgage rates can make it harder for buyers to afford monthly payments and can discourage existing homeowners whose current mortgages are at lower rates from moving, while also weighing on construction activity.
Other types of consumer debt, including auto loans and other fixed-rate loans, also tend to rise with market rates, though there is a lag in the pass-through of the higher borrowing costs, and it's less exact than in other types of consumer borrowing. Credit card rates are more closely linked to banks' prime rates, which tend to follow the Fed's monetary policy moves.
Higher yields on Treasurys can also contribute to bigger budget deficits – and in turn, a larger national debt – as the federal government's debt service costs rise due to the higher yields.
US NATIONAL DEBT SURPASSES SIZE OF THE ECONOMY FOR FIRST TIME SINCE WORLD WAR II
A 10-year budget and economic outlook released by the nonpartisan Congressional Budget Office (CBO) earlier this year projected that the government's net interest costs are projected to exceed $1 trillion in fiscal year 2026, amounting to about 3.3% of GDP and nearly 14% of federal spending this year.
Interest costs are forecasted to continue to rise over the next 10 years, with the CBO projecting the annual interest expense will rise to $2.1 trillion in fiscal year 2036, when it would amount to 4.6% of GDP and account for 19% of federal spending that year.
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Reuters contributed to this report.
https://www.foxbusiness.com/economy/treasury-yields-hit-multi-decade-highs-amid-surging-national-debtMark Walter's insurer to cut $6.5B in investments amid federal probe, Lakers saleAs a federal investigation into Mark Walter is in play, the Los Angeles Dodgers owner's insurer agreed to cut up to $6.5 billion in investments.
Mark Walter, who sold his ownership stake in the Los Angeles Lakers and may be looking to unload his shares of Chelsea Football Club, continues to cut back amid a federal investigation.
TWG Global, Walter’s holding company, said on Tuesday it had agreed to cut up to $6.5 billion of Delaware Life Insurance Co’s investments in his businesses. The billions in swaps would be related-party investments for an equivalent amount of assets classified as independent, according to Reuters.
"The Group 1001 insurance companies are working with the Delaware Department of Insurance to address the identified investments, and TWG is committed to resolving this matter to the Department’s satisfaction," a spokesperson for TWG Global told the outlet.
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This comes as The Wall Street Journal reported U.S. federal prosecutors and the SEC are investigating Walter’s businesses to determine whether he, or his entities, committed fraud by concealing financial dealings while borrowing billions from insurers he controls.
In February, Delaware Life and Clear Spring Life and Annuity Co received grand jury subpoenas in connection to an investigation by the U.S. Attorney’s Office for the Southern District of New York.
Also, one of Wall Street’s top regulators has been conducting its own investigation, focused on whether private credit investments, which were categorized as unaffiliated investments by Delaware Life and Clear Spring Life, were in fact connected.
Delaware Life conducted its own internal investigation after received the subpoenas, where they found errors in how certain related-party investments were presented.
It was also reported earlier that the FBI recently seized Walter’s phone and laptop, as well as a high-ranking Guggenheim Investments executive’s, this past year.
While the investigations are ongoing, Walter shockingly sold his majority stake in the Lakers just one year after purchasing the team for a then-record $10 billion. He sold his majority stake to Josh Kushner and Bob Iger for a whopping $12.5 billion.
Now, Walter and his business partner, Todd Boehly, are reportedly looking to sell their shares in the English Premier League’s Chelsea Football Club, per the Financial Times. Walter and Boehly are hoping to sell their stakes to Clearlake Capital, the majority owner of one of the most popular soccer teams in the entire world.
Clearlake Capital reportedly has had some friction with the two minority stakeholders after they purchased a piece of the club four years ago. The outlet reported there have been negotiation talks for years between both sides, but no deal was made.
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Some are viewing the Lakers’ sale as a quick way to liquify assets for Walter with potential legal problems ahead, and now Chelsea could be yet another way to do so.
Follow Fox News Digital’s sports coverage on X and subscribe to the Fox News Sports Huddle newsletter.
https://www.foxbusiness.com/sports/mark-walters-insurer-cut-6-5b-investments-amid-federal-probe-lakers-saleTarget is set to report earnings before the bell. Here's what to expectTarget is expected to report its fiscal second-quarter results Wednesday morning as the retailer offers a window into its turnaround progress.{}
Tunnel to Towers Foundation and Anheuser-Busch deepen partnership ahead of 9/11 25th anniversaryBudweiser's iconic Clydesdales "Respect" commercial will re-air for just the fourth time as Anheuser-Busch sponsors 9/11 anniversary events nationwide.
The 25th anniversary of the September 11 attacks is approaching next month and a prominent foundation serving first responders and servicemembers is partnering with a major beer brand as the American public remembers those who stepped forward in response to the attacks.
The Tunnel to Towers Foundation and Anheuser-Busch have deepened their partnership in advance of the anniversary, with the company stepping in to help sponsor events around the country. Stephen Siller Jr., who manages the In the Line of Duty program at the Tunnel to Towers Foundation, told FOX Business in an interview that the company stepped in to support the foundation's "never forget" mission.
"For the 25th anniversary of September 11th, we wanted to give the country the opportunity to mourn. The events are very New York, Shanksville, Pentagon-focused – we wanted to do something this year where we traveled the country, allowing as many people as possible to pay their respects," Siller explained.
This year, the group is traveling the country with a 21-foot, 16,900 pound beam from the South Tower of the World Trade Center with 35 stops in about 30 cities. The journey will conclude by going through a tunnel into New York City, following in the footsteps taken by Siller's father as he responded to the Twin Towers on Sept. 11, 2001.
TUNNEL TO TOWERS LAUNCHES 'STEEL ACROSS AMERICA' TOUR TO HONOR 9/11 VICTIMS AND HEROES
Stephen Siller was an FDNY firefighter who was off-duty on the day of the September 11 attacks but responded to the World Trade Center after hearing the news. When he reached the Brooklyn Battery Tunnel, it was closed to vehicle traffic for security purposes, so he walked through the tunnel while carrying his gear to the Twin Towers, where he was tragically killed while trying to save others.
The Tunnel to Towers Foundation began with a run that followed his footsteps on September 11, and has built off that tradition with a growing number of events, including a tower climb where participants go up 104 flights of stairs at the World Trade Center and hundreds of run events around the country. This year's "Steel Across America" tour builds on that legacy.
"One of our main goals when we set out on the steel tour across America was to make sure kids like me who were nine months old or not even born at the time understand what was done for them," Siller said.
"We're going to be arriving back in New York, taking that piece of steel through the tunnel following the footsteps my father took that day and ending at the World Trade Center after a long four months of speaking of the stories of that day, making sure the men and women who lost their lives that day will never be forgotten," he added.
9/11: THE IMPORTANCE TO NEVER FORGET
Anheuser-Busch has helped sponsor those events and also plans to re-air the Budweiser "Respect" commercial on September 11 for just the fourth time to commemorate the 25th anniversary.
The commercial features the brand's iconic Clydesdale horse mascots, which are depicted traveling into New York City and bowing at the Twin Tower memorial beams and the Freedom Tower.
Cesar Vargas, chief external affairs officer at Anheuser-Busch, noted that the original "Respect" ad aired just once during the 2002 Super Bowl, and has been re-aired to mark the 10th and 20th anniversaries of 9/11. The version that will air this year is the one that first aired on the 10th anniversary and includes the Freedom Tower.
"By partnering with the Tunnel to Towers Foundation to re-air the commercial, we're following that approach, honoring the ad's original sentiment to commemorate the 25th anniversary of 9/11," Vargas said.
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Vargas added that the company's partnership serves to "honor the memory of those who were lost by providing meaningful support for the heroes who serve our communities and our country."
Siller said that the advertisement is "in the same realm as our piece of steel is. It was a memento that is sacred, that was meant to pay respects to those who gave their lives on September 11th, those who give their lives to protect this country on a daily basis."
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The annual Tunnel to Towers NYC 5K Run & Walk is scheduled for Sunday, Sept. 27, which Anheuser-Busch is sponsoring for the fifth consecutive year with 250 employees, family members and friends participating. The event is capped at 30,000 participants.
The Budweiser Clydesdales will escort the Siller family in the opening procession, and the company plans to share commemorative cans at post-race gatherings.
https://www.foxbusiness.com/lifestyle/tunnel-towers-foundation-anheuser-busch-deepen-partnership-ahead-9-11-25th-anniversaryLakers governor Jeanie Buss says siblings cannot sell family’s stake to Bob Iger, Joshua KushnerJeanie Buss's lawyer says she has not agreed to sell the team and that any vote suggesting the Buss family is selling "would be and is void."{}
California regulators pass rules limiting what replacement tires drivers can purchaseCalifornia regulators approve rules setting strict efficiency limits on replacement tires, phasing out non-compliant models across the state to boost fuel economy.
California regulators on Monday approved new rules that will restrict which replacement tires can be sold across the state in an effort to meet energy-efficiency standards.
The new regulations, unanimously adopted by the California Energy Commission (CEC), will phase out tires that fail to meet these standards — a move that could restrict a large portion of the tires currently available to drivers.
"This ultimately is about protecting consumers," said David Hochschild, Chairman of the California Energy Commission, as reported by KCRA-TV. "I see this as sheltering the public from higher costs in the long run."
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Fox News Digital has reached out to several tire manufacturers, including Goodyear, Michelin, and Bridgestone.
The new rules target rolling resistance: the amount of energy it takes for a tire to roll down a road. Lower rolling resistance allows vehicles to consume less gasoline or electricity.
While factory-installed tires on new vehicles typically feature low rolling resistance, drivers often replace them with cheaper, less efficient tires. The new rules aim to ensure that replacement tires maintain energy efficiency levels similar to those of original factory tires.
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The first phase of the program begins in 2029, targeting the most inefficient replacement tires on the market. The allowable rolling-resistance threshold drops even further starting in 2033.
According to the CEC, California drivers could save $79 in fuel or electricity costs over four months during Phase 1, and about $153 over seven months during Phase 2. The CEC estimates that Phase 2 rules will add an average of about $6.50 to the cost of each tire, the New York Post reported.
"These regulations are a tool within our authority that can save money for every Californian," said Commissioner Nancy Skinner.
Goodyear voiced concerns over the mandate, arguing that it would pass additional costs onto consumers. Representatives noted that around 70% of tires currently sold in the state would be eliminated by 2033.
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Several categories are excluded from the new rules, including snow tires, used and retreaded tires, deep-tread off-road tires, motorcycle tires, and tires sold for emergency vehicles.
The regulations stem from Assembly Bill 844, a 2003 California law requiring the commission to set state tire-efficiency standards.
https://www.foxbusiness.com/politics/california-regulators-pass-rules-limiting-what-replacement-tires-drivers-purchaseDisney-owned ABC files First Amendment lawsuit against FCCDisney's ABC has sued the FCC claiming its investigation and early broadcast licenses renewal are a "retaliatory campaign" due to its programming.{}
States accuse Meta of targeting children for Facebook, Instagram addiction: 'The young ones are the best ones'Meta faces a landmark federal trial as 29 states accuse the social media giant of exploiting teen addiction on Facebook and Instagram for profit.
Meta faced accusations of targeting children for addictions to Facebook and Instagram in federal court on Tuesday.
Deputy California Attorney General Meghan O'Neill launched her case against Meta in a trial that could reshape how Facebook, Instagram and other social media platforms operate.
O'Neill told the jury that Meta's business model was all about trying to "hook the users, hold them for as long as they can, harvest their data and then hide the truth from the public."
She said children were particularly susceptible to Meta's algorithms and that Meta was aware of and sought to exploit that fact, pointing to an internal report at Meta, "The Young Ones are the Best Ones."
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California, Colorado, Kentucky and New Jersey are leading a bipartisan group of 29 states suing Meta.
The states argue that Meta's addictive platforms resulted in such harms as anxiety, depression and even suicide, and misled consumers about the platforms' safety.
"Meta needed kids, and it needed to reassure the people who cared about those kids that the kids are safe," O'Neill said.
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Meta co-founder and CEO Mark Zuckerberg and Instagram chief Adam Mosseri are expected to testify in the weekslong trial.
Meta faces steep financial penalties depending on the outcome of the trial, with attorneys general stating last week that it could cost the company around $200 billion.
Representatives for Meta have denied wrongdoing and pointed to measures they put in place to protect teens and keep younger children off of their platforms.
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"The AGs offer no proof anyone in their states was misled, claim benign features like having an additional Instagram account somehow harmed their residents, and attempt to penalize Meta for industry-wide challenges like age verification," a Meta spokesperson said before the trial this week.
"Rather than sticking to the facts or the law, the states have instead decided to chase an outlandish payout."
Reuters contributed to this report.
https://www.foxbusiness.com/politics/states-accuse-meta-targeting-children-facebook-instagram-addiction-the-young-ones-best-onesSea Ray parent Brunswick bets on AI navigation and new revenue streams to help stalling boat salesBrunswick Corp. CEO David Foulkes told CNBC premium boat sales are staying afloat, while value options are lagging.{}
New York Republican congressman rips Hochul policies for sending businesses ‘don’t come here’ messageRep. Mike Lawler says Kathy Hochul's data center moratorium tells companies to go elsewhere, worsening New York's out-migration and tax burden.
New York’s business climate is back in the spotlight after Gov. Kathy Hochul’s pause on new hyperscale data centers added to a broader debate over whether the state’s energy and economic policies are pushing investment elsewhere.
Rep. Mike Lawler, R-N.Y., joined FOX Business’ Cheryl Casone on "Mornings with Maria" to discuss New York’s energy policies, business climate and continued taxpayer out-migration.
Hochul announced a statewide moratorium of up to one year on July 14 on new hyperscale data centers while New York develops a regulatory framework intended to protect utility ratepayers and address the facilities’ energy and infrastructure demands. The pause applies to state environmental permits for new hyperscale data centers.
Lawler argued the move sends the wrong message to companies considering investing in New York.
"What she is saying is, don't come here. Go do your business elsewhere, which is why New York State leads the nation in out-migration," Lawler said. "It's why it is a terrible place to do business and why people are expanding in Florida and Texas and Tennessee and North Carolina and South Carolina and elsewhere. We have the highest tax burden and the worst business climate."
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New York has experienced net out-migration among part-year resident tax filers every year since 2015, according to state Comptroller Thomas DiNapoli’s office. In 2024, 134,913 part-year resident filers left the state while 121,251 moved in, resulting in a net loss of 13,662 filers. The pace, however, slowed considerably from the pandemic-era surge.
Lawler also tied the state’s business challenges to its energy policies, pointing to nuclear plant closures, restrictions on natural gas and pipeline projects and electrification requirements.
"If you want to address these problems, you need to have a coherent economic and energy policy," Lawler said. "And that is fundamental if New York is going to prosper moving forward."
https://www.foxbusiness.com/media/new-york-republican-congressman-rips-hochul-policies-sending-businesses-dont-come-here-messageHome Depot customers stick to smaller projects as housing costs stay highHome Depot posted higher second-quarter sales as smaller home projects supported demand despite elevated mortgage rates and costly housing.
Home Depot customers are still spending on their homes, with smaller projects supporting demand as Americans contend with elevated mortgage rates and high home prices.
The home improvement retailer said Tuesday that second-quarter sales rose 5.7% from a year ago to $47.9 billion, while comparable sales increased 1.7%. Comparable sales in the U.S. climbed 1.3%. The results came as consumers continued to favor smaller-scale home improvement work over larger projects.
"Our second quarter results exceeded our expectations. We saw broad-based demand across the business as customers continued to engage in smaller projects," Home Depot Chief Financial Officer Richard McPhail said.
Shoppers also spent more per transaction. Home Depot's average ticket rose 2.8% from a year earlier to $92.50, while comparable customer transactions declined 1%.
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The spending pattern comes as the housing market remains constrained by affordability pressures, potentially limiting demand for larger renovations that are more likely to require financing.
Existing-home sales fell 1.7% in July from the previous month to a seasonally adjusted annual rate of 4.06 million, according to the National Association of Realtors. Meanwhile, the median existing-home price rose 2% from a year earlier to $434,100.
Borrowing costs also remain elevated. The average rate on a 30-year fixed mortgage was 6.67% as of Aug. 13, according to Freddie Mac, up from 6.58% a year earlier.
High borrowing costs and home prices can raise the hurdle for home purchases and larger renovation projects, even as homeowners continue spending on smaller projects around the house.
Home Depot reported second-quarter net earnings of $4.8 billion, or $4.79 per diluted share. Adjusted earnings were $4.92 per share.
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Despite the uneven housing environment, the Atlanta-based retailer reaffirmed its fiscal 2026 outlook. Home Depot continues to expect total sales growth of approximately 2.5% to 4.5% and comparable sales growth ranging from flat to 2% for the year. The sales guidance is consistent with the outlook Home Depot issued earlier in fiscal 2026.
https://www.foxbusiness.com/economy/home-depot-sales-small-projects-housing-costsHims & Hers CEO says FTC lawsuit misunderstands how the company worksHims & Hers CEO Andrew Dudum spoke to CNBC about the FTC's lawsuit against the company, compounded GLP-1 drugs and AI.{}
Remembering Fidel Castro, a Hero of the World’s Oppressed People
SYDNEY, August 19 (IPS) - The 13th of August marked the 100th birthday of Cuba’s revolutionary leader Fidel Alejandro Castro Ruz – in short Fidel Castro. Amidst an intensified US siege and the threat of invasion, Cubans commemorated their dear leader’s centenary birth anniversary with events that included an International Book Fair, art exhibitions, concerts and gatherings of delegates from left-wing organisations across the continent.
https://www.globalissues.org/news/2026/08/19/43845 {"url":"https://static.globalissues.org/ips/2019/08/Anis-Chowdhury_180-100x100.jpg"}Home Depot reaffirms guidance amid 'frozen housing market conditions'Home Depot reported second fiscal quarter results that beat Wall Street expectations on the top and bottom lines.{}
Supreme Court rejects Verizon effort to get $46.9M FCC fine refund in location data caseVerizon's $46.9 million FCC penalty remains in place after the Supreme Court denied rehearing in a dispute over customer location data and jury-trial rights.
The Supreme Court has denied Verizon’s request for rehearing in its fight over a $46.9 million Federal Communications Commission penalty tied to the telecom giant’s former customer location data program.
The justices denied the petition Monday without explanation, leaving the court’s earlier judgment against Verizon in place, according to the court’s Aug. 17 order list.
The denial closes off Verizon’s effort to alter the disposition of a June Supreme Court ruling that upheld the FCC’s forfeiture process against a Seventh Amendment challenge.
The court found that an FCC penalty order does not automatically force a company to pay. If a company refuses, the government must go to federal court to collect, where the company can fully challenge the case before a judge or jury.
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In that June 4 ruling, the Supreme Court left the lower court’s decision against Verizon in place but sent AT&T’s separate case back to the Fifth Circuit for further review. That difference in how the two cases were resolved became central to Verizon’s rehearing request.
The FCC imposed the nearly $47 million forfeiture in 2024 after finding that Verizon failed to adequately protect customer location information made available through a program involving third-party location service providers.
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Verizon paid the penalty under protest and challenged the FCC’s order in federal court. The Second Circuit rejected the company’s challenge last year, including its argument that the device-location information at issue fell outside the customer-information protections of Section 222 of the Communications Act.
In its rehearing petition, Verizon argued that the FCC’s forfeiture order appeared to impose an immediate obligation to pay within 30 days, while the government later maintained before the Supreme Court that carriers could decline to pay and instead await enforcement action.
The Supreme Court’s June opinion did not decide whether the carriers had been misled into paying or whether a refund could be appropriate. The justices said they expressed no view on the merits of that argument, what relief might be available or in what proceeding.
Verizon then asked the Supreme Court to send the case back to the Second Circuit so the appeals court could consider whether the company had been misled into paying the penalty and whether it should receive a refund.
The Supreme Court’s denial Monday leaves the Second Circuit judgment affirmed and Verizon’s requested remand off the table.
FOX Business reached out to Verizon and the FCC for comment.
The broader dispute over the FCC’s authority remains active. T-Mobile and Sprint have separately asked the Supreme Court to review their own location data penalties, challenging, among other issues, whether the location information at issue falls within the Communications Act’s definition of protected customer proprietary network information.
Their petition was filed June 22 and remains pending.
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The continuing litigation could have implications for how the FCC applies federal customer data protections and structures large civil forfeitures against telecommunications companies.
https://www.foxbusiness.com/technology/supreme-court-rejects-verizon-effort-46-9m-fcc-fine-refund-location-data-caseAmerican Airlines to add seatback screens, bigger first class in race to catch up to Delta and UnitedAmerican is trying to add more premium seating and passenger perks after falling behind rivals Delta and United.{}
Mark Walter looking to unload Chelsea stakes days after selling Lakers to Josh Kushner, Bob Iger: reportAs Mark Walter relinquished his stake in the Los Angeles Lakers amid a fraud investigation, he is now reportedly looking to do so with Chelsea Football Club as well.
Mark Walter, who already sold his majority stake in the Los Angeles Lakers just one year after purchasing the NBA team, might be selling off yet another sports asset.
Walter and business partner Todd Boehly are reportedly looking to sell their stakes in Chelsea Football Club of the English Premier League, according to the Financial Times.
Walter and Boehly are hoping to sell their stakes to Clearlake Capital, the majority owner of one of the most popular soccer teams in the entire world.
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Clearlake Capital reportedly has had some friction with the two minority stakeholders after they purchased a piece of the club four years ago. The outlet reported there have been negotiation talks for years between both sides, but no deal was made.
Walter and Boehly bought stakes in Chelsea in May 2022, as BlueCo, a consortium run by Boehly, and Clearlake Capital bought the club from Roman Abramovich.
BUSS FAMILY AGREES TO SELL REMAINING LAKERS OWNERSHIP STAKE TO JOSH KUSHNER, BOB IGER GROUP
The news is quite interesting, though, as Walter agreed to sell the Lakers to Josh Kushner and Bob Iger for a record $12.5 billion after just purchasing the ownership stake from the Buss family for $10 billion last year.
In June 2025, the Buss family decided to sell the Lakers to Walter for $10 billion. There was, however, some in the Buss family who felt misled by Jeanie Buss in what they characterized as a rushed sale, per ESPN. They felt pressured to vote for the sale to go through.
In the end, all six siblings said "yes" to the sale, which closed in October 2025. The sale gave each sibling $500 million post-tax. After the sale to Walter, Buss was allowed to remain the governor of the Lakers given the 17.8% ownership stake still intact.
Word came out Monday that the Buss family is now looking to tack onto the deal with Kushner and Iger to sell their remaining shares in the NBA team, which would give the new ownership group a whopping 83% majority in one of the most iconic basketball franchises in the world. However, new reports indicate Jeanie was the only sibling that did not wish to relinquish ownership, and will be fighting the decision made, per multiple outlets.
Walter’s surprise sale of the Lakers comes amid a federal investigation into the Guggenheim Partners CEO. It was reported that the FBI recently seized Walter’s phone and laptop, as well as a high-ranking Guggenheim Investments executive’s this past year.
Some are viewing the Lakers’ sale as a quick way to liquify assets for Walter with potential legal problems ahead, and now Chelsea could be yet another way to do so.
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Chelsea was sold to the group for a total 2.5 billion pounds back in 2022. An extra 1.75 billion pounds was committed for future investment in the signature Stamford Bridge stadium, the Chelsea academy, the women’s team and the Chelsea Foundation.
The current valuation of Chelsea is estimated to be around 5 billion pounds.
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https://www.foxbusiness.com/sports/mark-walter-looking-unload-chelsea-stakes-days-after-selling-lakers-josh-kushner-bob-iger-reportIndigenous Peoples Call for Meaningful Influence in Climate Discussions — Nia Tero
UNITED NATIONS, August 18 (IPS) - Indigenous communities have long advocated for the environment through the lens of their traditional knowledge systems and cultures. But much more work needs to be done to translate their presence into influence.
https://www.globalissues.org/news/2026/08/18/43842 {"url":"https://static.globalissues.org/ips/2026/08/ENB-IISD-Anastasia-Rodopoulou-UNCCD-COP17-17Aug2026-Photo-20-100x100.jpg"}Nairobi Biodiversity Talks Set the Stage for Key COP17 Decisions
NAIROBI, August 18 (IPS) - Despite record participation in global biodiversity reporting and planning processes, countries remain off track to meet the world’s 2030 biodiversity goals, according to discussions that concluded this month at two key meetings under the Convention on Biological Diversity (CBD).
https://www.globalissues.org/news/2026/08/18/43841 {"url":"https://static.globalissues.org/ips/2026/08/SBSTTA-28-OPENING_1-100x100.jpg"}Lakers governor Jeanie Buss says siblings cannot sell family’s stake to Bob Iger, Joshua KushnerJeanie Buss's lawyer says she has not agreed to sell the team and that any vote suggesting the Buss family is selling "would be and is void."{}
Credit card issuer Synchrony announces partnership with OpenAIThe collaboration, which is in its early stages, is a step toward enabling Synchrony customers to have smoother online shopping experiences.{}
Paramount seeks $1.88 billion bond from state AGs to cover costs of WBD merger delayParamount agreed to delay its proposed acquisition of WBD to as late as June 2027 while the state AGs' case heads to trial.{}
What will TV look like in three years? Media insiders share their predictionsCNBC asked media insiders what they think the TV market — from pay TV subscribers to sports ratings — will look like in three years.{}
Disney's new parks boss outlines investment strategy, with superfans at the foreDisney Experiences chief Thomas Mazloum is focused on balancing the needs of its most ardent parkgoers with its less frequent visitors.{}
I drove Tesla FSD, Rivian Autonomy+ ‘hands-free’ driving systems. Here’s how they compareRivian is trying to catch up to Tesla's "hands-free" capabilities, but with additional safety guardrails that the Elon Musk company doesn't have.{}
Lamborghini unveils Revuelto SV, its most powerful production car everLamborghini's Revuelto SV is a limited-edition V12 hybrid with over 1,050 horsepower, a 2.4-second 0-to-100 kph time and a $741,172 starting price.{}
Group including Jeff Bezos buys minority stake in Liverpool FC, with option to become controlling ownerThe group that includes Jeff Bezos has an option to become the majority shareholder within the next year.{}
Disney CEO Josh D'Amaro tells CNBC parks were 'big surprise' in last quarter, company has 'clarity' and 'stability'New CEO Josh D'Amaro has said his strategy for continued growth at Disney is centered around storytelling, intellectual property and technology.{}
Housing investors say this is their worst market in at least 3 yearsMortgage rates hit a recent low at the end of February but rose sharply at the start of the war with Iran. They are now at their highest level in over a year.{}
OpenAI builds dedicated ChatGPT experience for teens with parental controls and study featuresOpenAI addresses teen safety with a dedicated ChatGPT portal featuring homework help tools, quiet hours and stronger content guardrails for minors.
ChatGPT-maker OpenAI on Tuesday announced that it's creating a new portal for teenagers between the ages of 13 and 17 as it looks to address concerns about online safety for young people.
The company made the announcement exclusively on-air with Fox News' "Fox & Friends" on Tuesday morning and outlined how the platform looks to address the potential for the misuse of the platform by children.
The ChatGPT for Teens portal will serve as the default experience on the artificial intelligence (AI) chatbot for users between the ages of 13 and 17 and will come with new safeguards aimed at fostering the safe use of the platform and supporting teens' critical thinking skills.
OpenAI said that most teen users of ChatGPT use it for homework and help with their studies, so the new platform is intended to allow for study aides without giving the answers away and was designed with Stanford University.
OPENAI UNVEILS CHATGPT WORK TO AUTOMATE WORKPLACE TASKS AS AI RACE INTENSIFIES
It will feature quizzes and responsible-homework reminders that redirect teens toward collaborative problem-solving, as well as a Study Hours feature that allows teens or parents to set Study Mode as a default during certain time periods.
The new platform includes stronger default safeguards addressing self-harm, violence, eating disorders, dangerous activities and explicit sexual or graphic content through age-appropriate interventions.
There will be teen-specific onboarding to the platform with warnings that discourage users from uploading private or sensitive images.
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It also looks to address parental concerns about teens forming an emotional dependency or relationship with new safeguards barring the use of language that could suggest romantic feelings, as well as claims of sentience of personal feelings by ChatGPT.
The platform will also restrict the chatbot from framing ChatGPT as being more important than family, friends, educators, mentors or other trusted people in the life of the tool's teenage user.
The platform is also set to include default settings that provide more guardrails against the overuse of the program and healthier usage patterns.
OPENAI ROLLS OUT CHATGPT PARENTAL CONTROLS WITH HELP OF MENTAL HEALTH EXPERTS
It will have default settings that encourage users to take breaks more frequently, along with reminders about the platform's settings for Study Hours and Quiet Hours.
Additionally, the new platform will provide the user with cues to reinforce that ChatGPT is a tool and not a person or a replacement for human relationships.
The new safeguards for OpenAI's ChatGPT for Teens platform following incidents in which teenage users turned to the platform during mental health crises.
https://www.foxbusiness.com/markets/openai-builds-dedicated-chatgpt-experience-teens-parental-controls-study-featuresThe ‘20% rule’ behind Giorgos Tsetis’ blueprint for a new kind of family officeFamily offices are built to be patient with their money. Giorgos Tsetis is not.{}
Monterey Car Week auctions could hit a record $500 million, with help from younger buyersA new generation of millennials and Gen Zers is taking over the collecting market from baby boomers and bidding up modern supercars at Monterey Car Week.{}
Wendy's stock jumps on report of potential takeover bid from Nelson Peltz's Trian Fund ManagementPeltz's relationship with Wendy's dates back to an activist campaign he led more than two decades ago.{}
Home Depot CEO taking temporary medical leave, two top execs to run the retailerHome Depot's CEO, Ted Decker, is taking a temporary medical leave of absence that's expected to last a few months.{}
GM reaches up to $4.5 billion parts deal designed to avoid supply chain troublesThe deal follows years of global automotive supply chain issues for GM and other companies.{}
Why Jensen Huang’s $500 billion AI financing plan faces a big risk from ChinaNvidia CEO Jensen Huang is pitching GPUs as long-term collateral to unlock $500 billion in funding. The question is how fast will his chips depreciate?{}
Why JPMorgan is investing big in the 2028 LA OlympicsJPMorgan is making a nine-figure bet as the Olympics Games' first-ever global banking partner.{}
Invitation Homes CEO says ban on institutional homebuying will bring down prices, but not immediatelyThe CEO of the nation's largest single-family rental landlord said the new law banning large-scale investors from the market will lower prices in the long term.{}
Trump wants to split the MMR vaccine. Experts say that's unlikely — and comes with consequencesDoctors and other experts say that splitting the measles, mumps and rubella shot has no scientific basis and is unlikely to get off the ground.{}
Baby products company Frida is expanding into kids’ personal careBaby products company Frida is launching a new category of personal care items for kids, tapping into a growing market and largely untapped space.{}
Boeing sells eVTOL subsidiaries, takes stake in ArcherBoeing is selling three of its subsidiaries to Archer Aviation in exchange for a stake in the eVTOL startup.{}
Nearly 1M Chrysler, Jeep, Dodge and Ram vehicles recalled over camera glitchStellantis is recalling nearly 1 million Chrysler, Jeep, Dodge and Ram vehicles worldwide over radio software that may disable rearview cameras.
Chrysler parent Stellantis announced on Monday that nearly one million vehicles worldwide are being recalled over radio software that may prevent rearview cameras from displaying images properly.
About 955,000 Chrysler, Jeep, Dodge and Ram vehicles are affected by the recall.
This covers more than 848,000 vehicles in the U.S., including various 2026 and 2027 model year Chrysler Pacifica, Pacifica Plug-in Hybrid and Voyager, Dodge Charger, Jeep Cherokee, Compass, Gladiator, Grand Cherokee, Grand Wagoneer, Wrangler and Ram 1500, 2500 and ProMaster vehicles.
TOYOTA RECALLS 655K CAMRYS GLOBALLY OVER DISPLAY DEFECT THAT CAN KNOCK OUT SAFETY INDICATORS
About 107,000 vehicles are being recalled in Canada, Mexico and other countries. This includes nearly 83,000 vehicles in Canada, 8,000 in Mexico and 16,000 in markets outside North America.
If the rearview camera display fails to appear, drivers are instructed to use their rearview and side mirrors when reversing their vehicles, Stellantis said.
The automaker said it is unaware of any accidents or injuries in connection with the recall.
Vehicle owners will receive an over-the-air radio software update and will be prompted on the vehicle's media screen when the update is available.
NEARLY 50,000 CHRYSLER VEHICLES RECALLED OVER SEAT BELT SAFETY DEFECT
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Recall notices will be mailed to owners beginning next month with additional information and instructions.
In 2014, the National Highway Traffic Safety Administration adopted a rule requiring rear-visibility technology in new vehicles weighing under 10,000 pounds by May 2018, saying the U.S. had 210 deaths and 15,000 injuries per year on average caused by back-over crashes involving light vehicles. The regulator said children under age 5 accounted for 31% of those fatalities.
Reuters contributed to this report.
https://www.foxbusiness.com/economy/nearly-1m-chrysler-jeep-dodge-ram-vehicles-recalled-over-camera-glitchHHS moves to tighten oversight of food ingredients as safety concerns mountHHS moves to tighten oversight of food ingredients and define ultra-processed foods as food safety concerns raise questions about FDA visibility.{}
Cyclospora fears lead consumers to lose their appetite for saladsTraffic to salad chains has fallen as consumers avoid greens due to the ongoing cyclospora outbreaks across the U.S.{}
Swig’s ‘dirty soda’ boom grows beyond Utah as investor touts ‘Starbucksification’ of soft drinksThe Utah-born beverage chain is finding some of its strongest growth outside its home state, where stores are outperforming Utah locations by 40% to 50%.
Swig, the Utah-born beverage chain that helped popularize "dirty soda," is finding some of its strongest growth well beyond its home state.
Andrew K. Smith, managing director and co-founder of restaurant-focused private equity firm Savory Fund, told FOX Business that Swig locations outside Utah are performing roughly 40% to 50% better than stores within the state.
The chain now operates in 23 states and expects to reach about 200 locations by the end of the year, Smith said, with additional expansion planned for next year.
Swig is best known for highly customizable drinks, particularly "dirty sodas" — fountain drinks mixed with flavored syrups, cream and other add-ins. The concept has surged in popularity in recent years, fueled in part by social media and pop culture.
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Hulu’s "The Secret Lives of Mormon Wives," which puts Utah culture in the national spotlight, also helped introduce dirty soda to a broader audience.
"We actually were doing very, very well before ‘The Secret Lives of Mormon Wives,'" Smith said with a laugh. "But ’The Secret Lives of Mormon Wives' definitely made, I think, the appeal and the interest and the mystique of dirty soda much more broad."
Smith said Savory Fund's investment in Swig was not simply a bet on soda. Instead, he sees the company benefiting from a broader shift in how Americans purchase their beverages.
Coffee followed a similar evolution, he said, going from something consumers routinely made at home to a premium and customizable product that they increasingly purchased from chains like Starbucks.
"Really what Swig is, and what it was, was the ‘Starbucksification’ of soda, teas and lemonades," Smith said.
Savory Fund manages more than $750 million in assets and has invested in restaurant brands including Swig, R&R BBQ, Mo’ Bettahs Hawaiian Style Food, Via 313 Pizzeria and PINCHO.
More recently, the firm invested in Zao Asian Grill, a 23-location Mountain West fast-casual chain that Smith believes could also expand well beyond its current footprint.
For Savory Fund, the goal is not simply to find the next trendy concept, according to Smith.
"As investors, and other investors that I would speak for, we don't chase concepts, and we're not chasing the right brand," Smith said. "We're backing exceptional founders, and we help them build enduring brands for our consumers."
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Smith also said consumers across Savory Fund’s portfolio have not stopped spending, but they are looking more closely at whether the food, service and overall experience justify the price they are paying.
"If you paid $20 for a meal, and you sit down, and you're like, this looks more like $11, they feel like they got kind of scammed," he said. "…You've got to make sure that your value on the plate is the same as the dollars that they're giving."
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Smith added, "Restaurants are one of the best real-time indicators of consumer confidence, because millions of decisions happen every day in this industry."
https://www.foxbusiness.com/retail/swigs-dirty-soda-boom-grows-beyond-utah-investor-touts-starbucksification-soft-drinksLARRY KUDLOW: Trump and the GOP Actually Have a Strong Election Message as Long as They Make ItPolls suggesting the president’s unpopularity could turn out to be very wrong in the midterm elections.
So one of the political lessons of the primary election season is how badly polls have been wrong. Comrade Abdul El-Sayed in Michigan was supposed to win by more than 20 percentage points, but instead barely escaped by a thin cat’s whisker.
And the extremist Francesca Hong in Wisconsin was also supposed to win by 20 points or so. But she lost by an even thinner cat’s whisker.
And there are plenty of other examples. Where am I going with all this? Well, all these polls show President Trump’s supposed unpopularity on Iran or the economy or the much-abused term affordability may turn out to be very wrong in the midterm elections.
Now, true enough, Mr. Trump’s not on the ballot, but I think when he really gets revved up on the campaign trail, and the GOP House and Senate people nationalize the election, we’re gonna find out that actual voters will reject big-government socialism and un-American values, as Newt Gingrich calls them.
Most of the recent polls don’t get likely voters. Instead they ask adults or registered voters and they’re frequently asking loaded questions. Now, one exception is my pal John McLaughlin, whose likely voter polls show that actually, people want Mr. Trump to finish Iran off. And additionally, a large majority prefers free market capitalism to socialism.
What’s more, the economy is doing far better than the mainstream press is telling us. Mr. Trump has always scored well with working class voters of all shapes and sizes. We are in a manufacturing boom. It is the strongest in years, probably decades.
Treasury Secretary Scott Bessent keeps telling people about the 105,000 hard goods producing jobs added this year alone. And since Mr. Trump came into office, the economy has produced 93,400 factory construction jobs. Think hard hats, think working folks.
Meanwhile, financial journalist John Carney reports that manufacturing wages have increased by nearly 5 percent so far this year. And that’s twice the inflation rate.
On top of that, we’ve seen almost 400,000 federal jobs drop, and almost 900,000 private sector jobs created, which shows the Trumpian reconstruction of Biden’s big-government socialism.
Now, speaking of affordability and inflation, the democratic socialists love to talk about it. But it was under President Biden’s big-government socialism that the consumer price index cumulatively rose 21.4 percent during his four years.
Now, recently, even with the temporary bump up in energy prices from the Iran War, Mr. Trump’s new Federal Reserve chief, Kevin Warsh, has brought the inflation rate down to near zero in the last couple of months. And frankly, just over the past six months only 2.4 percent at an annual rate, which is nearly akin to the Fed’s 2 percent target.
Also, talking about affordability, Here’s one: Prescription drug prices have been plunging. Over the past year, they have declined 3.4 percent. And during Mr. Trump’s second term, they have not increased in any single month.
Now, these are just snippets of potential national messaging. Clearly, though, Mr. Trump’s free enterprise capitalism is powering a prosperous economy. And, hopefully, it will be buttressed with some middle class tax reform as part of the midterm election package.
Now, just as clearly, Democrats favor Medicare for All and huge tax increases and a state-run economy and open borders and defunding the police and defunding ICE and packing the Supreme Court and ending the Senate and other crazy notions that I think are gonna be very unpopular with real likely voters.
So don’t pay much attention to these early polls.
https://www.foxbusiness.com/politics/larry-kudlowShein faces existential threat as tariffs hit low-price model, putting new focus on servicesShein has won over consumers with its low prices but is now seeing shoppers flee after new tariffs and changing regulations forced it to raise prices.{}
Rockstar Energy founder builds Celsius stake, wants to take over as CEORockstar Energy founder Russ Savage told CNBC he now controls 12 million shares of Celsius Holdings, amounting to roughly 4.7% of the energy drink company.{}
L3Harris ousts CEO Kubasik over conduct violationL3Harris Technologies CEO Christopher Kubasik stepped down after a board investigation found he engaged in misconduct unrelated to financials.
L3Harris Technologies said on Monday that CEO Christopher Kubasik stepped down from the role after an investigation by the board of directors found he engaged in misconduct, which led to the company reaching a separation agreement with him and naming his successor.
L3Harris' announcement didn't disclose the specific findings of the investigation, but said it "became aware of certain conduct that was not consistent with the values" outlined in the company's code of conduct.
It noted that the conduct was unrelated to L3Harris' financial reporting, controls, customer relationships or operational performance. The investigation was conducted with the assistance of outside counsel and prompted the board to determine that it was in the firm's best interest to enter into a separation agreement with Kubasik.
L3Harris appointed Sam Mehta as its new CEO following the move. Mehta joined the company in 2023 and has 25 years of experience in the aerospace and defense industry, most recently serving as L3Harris' president of space and mission systems (SMS) and communications and spectrum dominance (CSD).
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The SMS and CSD segments account for more than 80% of L3Harris' total revenue, the company noted in its announcement.
L3Harris lead independent director Lewis Hay III was named chairman of the board and said that Mehta is a "proven executive who brings deep knowledge of our business, priorities and culture, making him ideally suited to become president and CEO at this important time in our company's and our nation's history."
"Sam's readiness to lead L3Harris reflects the Board's robust succession planning and our focus on cultivating talent," Hay added.
Mehta said in a statement that he is honored by the opportunity to lead L3Harris as its president and CEO, adding that he looks forward to working more closely with leaders and colleagues across the company to support the defense contractors' mission.
"Today, L3Harris has a portfolio purpose-built for the future of warfare, and we are well-positioned to continue executing our focused growth strategy as The Trusted Disruptor," Mehta said.
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Regarding Kubasik's departure, Hay said that the departing executive had "overseen significant transformation during his tenure" and that the company appreciated his service, as they mutually agreed to implement the corporate succession plan.
Reuters reported that under the separation agreement the company reached with Kubasik, the former CEO won't receive severance payments, benefits or equity incentive awards. He will be permitted to retain and exercise previously vested stock options granted under L3Harris' equity incentive plans, per the report.
DEPARTMENT OF WAR TAPS ORACLE FOR SOFTWARE DEAL WORTH NEARLY $7B
During his tenure at the company, Kubasik helped drive the 2019 merger of L3 and Harris Corp., serving as president and COO before he became CEO in 2021. The company acquired Aerojet Rocketdyne for $4.7 billion in 2023 as it expanded its presence in the defense sector.
In January, L3Harris announced the spin-off of its missile solutions unit, as the Pentagon said it would take a $1 billion stake in the new company. That spin-off was postponed last month until at least mid-2027.
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Reuters contributed to this report.
https://www.foxbusiness.com/markets/l3harris-ousts-ceo-kubasik-over-conduct-violationJeanie Buss battling siblings over sale of remaining Lakers shares to new ownership group: reportsThe Buss family has voted to sell its remaining ownership stake in the Los Angeles Lakers to Bob Iger and Josh Kushner, who are purchasing the majority stake from Mark Walter.
Less than one week after Mark Walter shockingly sold the Los Angeles Lakers to Bob Iger and Josh Kushner, the Buss family is now relinquishing its own shares to the new majority owners.
At least, most of the Buss family wish to do so.
Earlier on Monday, ESPN reported the Buss family decided to sell the remaining 17.8% ownership stake in the iconic NBA franchise to Kushner and Iger.
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The family’s trust, which includes siblings Jeanie, Jim, Johnny, Janie, Joey and Jesse, "received majority votes to allow trustees to execute the sale." The vote required four of six to agree to sell to "enact the tag-along provision of Mark Walter’s sale to Kushner and Iger, which valued the Lakers at $12.5 billion."
The outlet added that, once the transaction has been completed, Jeanie Buss will no longer have a required ownership percentage to remain the governor of the Lakers.
"We have decided as a family to sell the remaining Buss Family Trust shares to the Bob Iger group as part of the ongoing transaction," the Buss family told ESPN in a statement. "We love the Lakers, Laker fans and will continue to support Los Angeles; but it is time to use this opportunity to move on and exit gracefully while we still can."
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"As a family" doesn't seem to be the case now. Jeanie Buss’s lawyer wrote a letter to the lawyers of her siblings explaining why she believes they can’t sell their minority stake to the new Lakers majority owners, according to CNBC.
In the last paragraph of that letter, the attorney writes, "On behalf of Jeanie Buss, I demand that your clients make clear publicly that Jeanie Buss is the Controlling Owner of the Los Angeles Lakers and that your clients shall take no action on this supposed ‘vote’ to sell the 17.8% stake."
ESPN added later Monday night that Jeanie Buss "was the lone family member not in favor to sell as the five siblings voted 5-0 – including two of the three trustees – to sell the Buss stake."
Walter’s time as majority owner came to an end a year after purchasing the stake from the Buss family.
In June 2025, the Buss family decided to sell the Lakers to Walter for a then-record $10 billion. There was, however, some in the Buss family who felt misled by Jeanie in what they characterized as a rushed sale, per ESPN. They felt pressured to vote for the sale to go through.
In the end, all six siblings said "yes" to the sale, which closed in October 2025. The sale gave each sibling $500 million post-tax.
Within the sale to Walter, Buss was allowed to remain the governor of the Lakers given the 17.8% ownership stake still intact.
But Walter’s surprise sale of the Lakers comes amid a federal investigation into the Guggenheim Partners CEO. It was reported that the FBI recently seized Walter’s phone and laptop, as well as a high-ranking Guggenheim Investments executive’s this past year.
Some are viewing the Lakers’ sale as a quick way to liquify assets for Walter with potential legal problems ahead.
The Financial Times also reported Monday that Walter and his business partner, Todd Boehly, are looking to sell their stakes in the English Premier League’s Chelsea Football Club.
As part of this new addition to the deal that includes the Buss family shares, Kushner and Iger will roughly control 83% of the Lakers. They were slated to have 65% of control with just Walter’s shares.
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Kushner, 41, is the founder and managing partner of venture capital firm Thrive Capital, as well as co-founder and vice-chairman of Oscar Health. He is the younger brother of Jared Kushner, the son-in-law of President Donald Trump.
Iger, 75, is the former CEO of Disney, where he led the company to the acquisitions of Marvel, Lucasfilm and 21st Century Fox, to name a few.
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https://www.foxbusiness.com/sports/jeanie-buss-battling-siblings-over-sale-remaining-lakers-shares-new-ownership-group-reports