Inside Coca-Cola’s secretive innovation labs: How the beverage giant wants to automate dirty soda and refreshersFrom McDonald's to Wendy's, longtime Coke customers have been expanding their beverage offerings to boost their profit margins.{}
Financial influencer reveals what America's everyday millionaires have in commonJC Rodriguez of "The Frugal Rich" reveals the spending habits everyday millionaires share and why frugality matters more than looking wealthy.
Building wealth may have less to do with looking rich and more to do with resisting the pressure to spend like you're rich.
"The Frugal Rich" founder JC Rodriguez joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the habits he has observed among everyday millionaires, along with saving, investing and how young people can approach major financial decisions.
Rodriguez said a common trait among the wealthy people his content has spotlighted is a deliberate approach to spending, particularly when it comes to impressing others.
"We have spotlighted America's everyday millionaires in our content and what we found is amongst America's wealthy is they all have this aspect of frugality within their life that they're always living… They're very intentional about how they spend their money and they don't care to impress others," Rodriguez said.
That same focus on intentional money management can begin well before someone reaches millionaire status. Rodriguez encouraged people to consistently direct part of their paycheck toward savings or investments, even when the amount is relatively small.
YOUNG MILLIONAIRE REVEALS THE WEALTH-BUILDING LESSONS HE LEARNED FROM BILLIONAIRES
"We always encourage people to pay yourself first. Whenever you get your paycheck, just set up an automation to move money from your checking into your high-yield savings account or into your brokerage account if you want to start investing… No matter where you are on your financial journey or your income, you can still just start off with $50, $100 towards saving and investing," he said.
For those beginning to invest, Rodriguez also drew a distinction between long-term investing and activities he characterized as speculative, including sports betting and prediction markets.
"I believe in good old low-cost, diverse index funds as a place to begin your investing journey… A lot of times prediction markets might be the fun thing to do, but isn't the best approach to invest your money," Rodriguez said.
https://www.foxbusiness.com/media/financial-influencer-reveals-what-americas-everyday-millionaires-have-in-commonThe simple fixes conservatives say could make life cheaper for AmericansAdvancing American Freedom says government zoning rules and energy regulations are why Americans can't afford homes, and offers 10 policy fixes.
As Americans continue to feel the squeeze from high housing, food and energy costs, affordability has emerged as a defining issue ahead of November’s midterm elections, with both parties under pressure to show voters they can bring down the cost of living.
Now, a new report from the conservative group founded by former Vice President Mike Pence is offering its own prescription, laying out 10 proposals aimed at lowering costs by cutting red tape and boosting production across the economy.
"Yes, there's an unaffordability crisis, and it's the government's fault," Richard Stern, vice president of the Plymouth Institute for Free Enterprise at Advancing American Freedom (AAF), told Fox News Digital.
That argument is at the heart of the report, "10 Ways to Improve Affordability Now Across 10 Levels of the Economy," which calls affordability the "No. 1 issue facing the American people" and targets costs associated with housing, energy and business, among others.
The report's proposals range from easing zoning restrictions and expanding oil and gas access to overhauling Social Security and SNAP eligibility, echoing parts of President Donald Trump’s second-term agenda.
But the conservative blueprint breaks with Trump on two key pocketbook issues: tariffs and credit card interest rates.
THINK YOUR STATE IS EXPENSIVE? NEW DATA REVEALS WHERE AMERICANS FACE THE HIGHEST COST OF LIVING
On trade, the report argues Trump’s sweeping tariffs have come at a cost to American consumers and the broader economy, raising prices, straining U.S. alliances and resulting in nearly 900,000 fewer jobs than expected.
The authors at AAF call for shifting more tariff authority back to Congress.
But while the report paints a bleak picture of the tariffs’ broader economic impact, they have generated a windfall for Washington. In January alone, duties totaled $30.4 billion, up about 242% from $8.9 billion a year earlier, according to Treasury data.
On housing, the report blamed zoning restrictions for pushing families farther from jobs and making homeownership harder for younger Americans.
Those costs can be substantial. The National Association of Home Builders estimates government regulations account for about 26% of the price of a new single-family home.
THE SURPRISING HIDDEN COST QUIETLY ADDING NEARLY $132K TO NEW HOME PRICES REVEALED
The report recommends limiting local zoning restrictions, streamlining approval for projects that meet existing rules and tying roughly $50 billion in annual federal housing aid to zoning reform.
On energy, the proposal calls for more oil and gas leasing and rejecting state fracking bans. Stern argued greater domestic production could lower costs throughout the economy because energy touches "every good we move, every service provided."
Stern warned that economic frustration can turn Americans against one another, toward "viewing each other as the enemy, and that’s what socialism is."
"I hope that people can take away from this, that it's not businesses that are the problem," he said. "It's not entrepreneurs. It's not other Americans. It's government."
https://www.foxbusiness.com/politics/simple-fixes-conservatives-say-could-make-life-cheaper-americansTesla recalls nearly 3M vehicles over doors that may be difficult to open after crashesTesla's recall of nearly 3 million vehicles in China involves door handles that may trap occupants after severe collisions if low-voltage systems fail.
Tesla announced Friday that it is recalling nearly 3 million vehicles in China over concerns that doors may be difficult to open in an emergency, marking the largest automotive recall in the country's history.
Tesla's action comes alongside recalls announced by eight other automakers, affecting a combined total of about 4.3 million vehicles in China.
Tesla's recall is the largest, affecting approximately 2.98 million vehicles.
The U.S. automaker said the recall covers imported and China-made Model 3, Model Y, Model S and Model X vehicles, according to notices filed with China's State Administration for Market Regulation.
TESLA FILES PLANS FOR PROPOSED $10.1B TEXAS SOLAR MANUFACTURING PLANT
According to one of the recall notices, Tesla's electronically operated, retractable door handles could become difficult to operate after a severe collision if the vehicle's low-voltage system fails.
The company said the resulting problem "could hinder occupants from quickly opening the doors to escape and impede rescue efforts by those outside the vehicle, posing a safety hazard."
To address the issue, Tesla said it would "affix warning labels" to affected vehicles and remotely upgrade its window-control software so the windows automatically lower following an accident.
Tesla also issued a recall addressing problems with driver-monitoring systems in certain vehicles, which are designed to help ensure drivers remain alert and ready to take control of steering or braking when necessary.
FORD BOOSTS US LINCOLN PRODUCTION AS IT PHASES OUT IMPORTS FROM CHINA
The automaker said it would provide a software upgrade and "in-cabin camera monitoring" to help drivers remain vigilant.
Tesla said it will contact owners of vehicles that cannot receive the fixes through remote software updates to schedule service appointments.
Other automakers announcing recalls included Xiaomi, Leapmotor, Xpeng and Geely Holding.
MORE THAN 20,000 OFF-ROAD MOTORCYCLES RECALLED OVER DANGEROUS BRAKE DEFECT THAT COULD LEAD TO DEATH
The National Highway Traffic Safety Administration said Friday that the automakers have not disclosed plans to issue similar recalls in the U.S.
The announcement comes after Tesla issued two recalls in May.
The automaker recalled roughly 175 Cybertrucks over concerns that wheel studs could separate, potentially causing wheels to detach.
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Tesla also recalled more than 218,000 Model 3, Model Y, Model S and Model X vehicles because of delayed rearview camera images that could increase the risk of a crash.
FOX Business has reached out to Tesla for comment.
Reuters contributed to this report.
https://www.foxbusiness.com/lifestyle/tesla-recalls-nearly-3m-vehicles-over-doors-may-difficult-open-after-crashesUS-Canada trade negotiations suspended, Carney vows dollar-for-dollar retaliation against Trump's 50% tariffsCanadian Prime Minister Mark Carney suspended trade negotiations with the U.S. and announced retaliatory tariffs after calling Trump's last-minute proposed terms unfair.
Canadian Prime Minister Mark Carney suspended trade negotiations with the United States late Friday, blaming "unfair" last-minute changes to Washington's proposed terms and announcing retaliatory tariffs against the U.S.
Carney said the move comes as President Donald Trump's 50% tariffs on roughly $28 billion in Canadian goods were set to take effect at midnight.
The breakdown came just days after Trump paused the duties for three days and announced that the U.S. and Canada, subject to final documentation, had reached a "DEAL!"
While Carney said progress had been made in recent weeks toward improving Canada's position and reaching an agreement with the U.S., he said the two sides ultimately could not finalize a deal.
TRUMP PAUSES 50% TARIFFS ON CANADA HOURS BEFORE DEADLINE AFTER ANNOUNCING POTENTIAL DEAL
"However, that progress has not been enough to meet our objectives for Canadians," Carney said in a statement.
"As a result, this evening, I have decided to suspend trade negotiations with the U.S. and have directed Canada's negotiators to return to Ottawa," he continued. "They have worked hard, in good faith, to defend the interests of Canadians throughout these negotiations up until the very last minute. However, last-minute changes in the U.S. proposed terms were unfair, uneconomic, and called into question the reliability of any deal."
The Office of the U.S. Trade Representative (USTR) offered a sharply different account of the breakdown, saying Canada declined to finalize terms that had been agreed to earlier in the week.
"Tonight, Canada declined to finalize the trade deal under the terms agreed earlier this week," USTR Jamieson Greer said in a statement. "Despite the U.S. offer to Canada to receive the best treatment of any major exporter to our market, new demands and walk backs of other commitments by Canada have upended the careful balance reached in the past days."
Greer said the U.S. had offered Canada significant tariff reductions on steel, aluminum, autos and lumber, along with a broader economic and national security partnership covering areas including digital trade, critical minerals, aerospace and export controls.
"This is a missed opportunity for Canada to partner with the United States, which is the fastest growing economy in the G7," Greer said.
Carney said Canada would retaliate by matching the U.S. tariffs.
US, CANADA STRIKE DEAL TO OPEN BRIDGE LINKING DETROIT AND WINDSOR AFTER DISPUTE DELAYED LAUNCH
"At midnight tonight, the U.S. intends to impose a 50% tariff on roughly $28 billion of Canadian goods. Canada will match those tariffs dollar for dollar to protect our workers and businesses," he said.
"In the coming days, the government will introduce additional measures to support Canadian workers and businesses, building on the nearly $25 billion in support provided over the past 18 months," Carney added.
Trump said late Tuesday that he was pausing the new tariffs on Canadian goods that were originally scheduled to take effect Wednesday.
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.
The Trump administration announced the tariffs on certain Canadian imports in June, citing what officials described as trade "discrimination" against American businesses.
This is a developing story. Check back for updates.
https://www.foxbusiness.com/economy/us-canada-trade-negotiations-suspended-carney-vows-dollar-for-dollar-retaliation-against-trumps-50-tariffsE coli and salmonella outbreak linked to alfalfa sprouts sickens dozens across multiple statesThe CDC linkED alfalfa sprouts from Everything Sprouts to 55 illnesses across 15 states involving three E. coli strains and one salmonella strain.
A food safety alert has been issued over an E. coli and salmonella outbreak that has sickened dozens of people across 15 states, most of whom reported eating alfalfa sprouts before they fell ill, according to the U.S. Centers for Disease Control and Prevention.
So far, 55 people have reported falling ill, including four hospitalizations.
No deaths have been reported.
FDA WIDENS CYCLOSPORA OUTBREAK INVESTIGATION TO SIX MORE STATES AS CONFIRMED CASES TOP 6,000
The affected alfalfa sprouts were produced by Everything Sprouts and sold under the Calco and Everything Sprouts brands at retailers and grocery stores.
Customers should throw away or return any of the affected products and wash surfaces that may have come into contact with sprouts.
E. coli symptoms include stomach cramps, bloody diarrhea and nausea, and salmonella symptoms involve diarrhea, stomach cramps and fever.
The CDC urged people to see a doctor immediately if they experience diarrhea and fever higher than 102 degrees, bloody diarrhea or diarrhea for more than two days, the inability to keep anything down or signs of dehydration, including not peeing much, dry mouth and throat and feeling dizzy when standing.
MICHIGAN REPORTS 2 DEATHS IN RARE PARASITE OUTBREAK THAT HAS SICKENED MORE THAN 11,000
The majority of people sickened were in Minnesota (21) and Wisconsin (17), while two people were sickened in New York, North Dakota, North Carolina and Florida.
One illness was reported in Washington, South Dakota, Iowa, Kansas, Indiana, Pennsylvania, Michigan, New Hampshire and South Carolina.
LETTUCE FARMERS PLOW CROPS BACK INTO SOIL AS CYCLOSPORIASIS FEARS TANK DEMAND FOR FRESH GREENS
Along with the CDC, public health and regulatory officials in several states and the U.S. Food and Drug Administration are investigating the outbreak, which involves three strains of E. coli and one of salmonella.
DOCTORS WARN YOUR 'STOMACH BUG' MAY ACTUALLY BE A PARASITE THAT'S HARDER TO DETECT
Of those sickened, 46 were infected with E. coli, seven with salmonella, and two with both. The CDC said that some people were infected with more than one strain of the infections.
The illnesses started in late May and continued through Aug. 8.
This outbreak comes amid several other food-borne outbreaks reported recently linked to jalapeños, iceberg lettuce, eggs and blueberries.
https://www.foxbusiness.com/lifestyle/e-coli-salmonella-outbreak-linked-alfalfa-sprouts-sickens-dozens-across-multiple-statesTrump allows 300,000 metric tons of tariff-free beef imports in bid to cut prices, drawing rancher backlashTrump's tariff-free ground beef import plan drew sharp backlash from cattle industry groups and Republican senators warning it hurts ranchers.
President Donald Trump said Friday that he would allow up to 300,000 metric tons of ground beef to be imported into the United States tariff-free for the next 90 days, with a commitment that the meat would be sold at 25% below current market prices.
The announcement immediately drew backlash from cattle industry groups and several Republican senators who warned that increasing imports could hurt American ranchers.
In a Truth Social post announcing the plan, Trump said it would "substantially lower" the price of ground beef for American families, arguing that prices had soared under the Biden administration as the domestic cattle supply had shrunk.
"As we work to rebuild this herd and help our ranchers, for the next 90 days, the United States will allow up to 300,000 metric tons of product for ground beef to be imported with no out of quota tariff," Trump wrote.
A HISTORIC SHORTAGE IS SQUEEZING AN AMERICAN DINNER STAPLE, AND RELIEF COULD BE YEARS AWAY
"We have a commitment that this beef will be sold at 25 percent below current market prices," he continued. "This deal will reduce prices for Americans while giving space for our Great American Beef Herd to grow again."
After Trump's announcement, the National Cattlemen's Beef Association said it was "disappointed" by the plan, arguing that introducing below-market beef could negatively affect American cattle producers.
Speaking with FOX Business' Nicole McManus, National Cattlemen's Beef Association CEO Colin Woodall urged the federal government not to interfere with the cattle industry.
"The best thing is to stay out of our business. That's what we want, first and foremost," Woodall said. "Let us work the way we do as producers to take care of our cattle, to take of our natural resources and to be able to grow."
TRUMP PAUSES 50% TARIFFS ON CANADA HOURS BEFORE DEADLINE AFTER ANNOUNCING POTENTIAL DEAL
Woodall sharply criticized Trump's plan, arguing the president was overlooking strong consumer demand for U.S. beef.
"This is the third time in less than a year that the president has made a similar announcement about increasing imports in order to decrease the price of beef," Woodall said.
"And, once again, he's missing the point," Woodall continued. "He's missing the picture, and he's definitely lost the plot line. This is about demand. The consumer demands our product. The customer loves what we're producing.
"We're producing the highest quality beef we ever have, and they have shown their willingness to pay for it. The American consumer does not have to buy beef. They want to buy beef and, unfortunately, the president is just not factoring that into his consideration."
The American Farm Bureau Federation also responded to Trump's announcement, warning that "short-term measures could have long-term negative effects" for consumers and ranchers.
PIZZA HUT MAKES SURPRISING CHANGE TO ICONIC NAME AHEAD OF NFL SEASON
U.S. Cattlemen's Association President Justin Tupper also criticized the plan.
"You don't put America first by putting U.S. cattle producers last," Tupper said in a statement. "This move will weaken our markets and gamble with food safety in the process."
Several Republicans on Capitol Hill also pushed back, including Sen. Tim Sheehy, R-Mont., who said he had advised Trump against the move and warned it could hurt ranching families.
"The President's heart is in the right place on wanting lower prices for the American people, and beef prices have been impacted by the Mexican screwworm," Sheehy posted on X.
FORD’S US MANUFACTURING EXPANSION TO BRING ‘THOUSANDS AND THOUSANDS OF JOBS,’ LUTNICK SAYS
"But the reality is this action will make it more difficult for American ranchers to rebuild our herd and bring prices down for the American people. And most importantly, this will harm our ranching families who feed the nation."
Trump responded to the criticism while speaking to reporters Friday.
"I love the ranchers; they've done a fantastic job," Trump said. "But they admit that we need a little help, and, in order to get the prices down, so that's what we're doing."
Trump did not specify which countries would supply the beef, telling reporters only that "there are a few" and that they would send the "highest quality beef."
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The announcement comes as U.S. ranchers face the smallest domestic cattle herd in 75 years and Tyson Foods announced last week that it would close beef facilities in Illinois and Utah.
FOX Business has reached out to the White House for additional comment.
https://www.foxbusiness.com/politics/trump-allows-300000-metric-tons-tariff-free-beef-imports-bid-cut-prices-drawing-rancher-backlashTikTok agrees to pay $400 million to settle Justice Department children's privacy caseThe DOJ called the $400 million TikTok settlement a major victory for American children and parents, citing strengthened privacy safeguards.
The U.S. Department of Justice has secured a $400 million settlement with TikTok and parent company ByteDance in a case related to children’s privacy legislation, the DOJ announced Friday.
"This settlement is a major victory for American children and parents," Associate Attorney General Stanley E. Woodward Jr. said in a statement.
"The department's priority is ensuring that children are protected online and that companies entrusted with their personal information meet their legal obligations. This resolution secures a substantial recovery while reinforcing the protections that families expect and deserve."
The lawsuit, related to compliance with the Children’s Online Privacy Protection Act, was filed by the Biden administration’s DOJ in 2024.
UK TO BAN TIKTOK, YOUTUBE, OTHER SOCIAL MEDIA APPS FOR CHILDREN UNDER 16, STARMER SAYS
The Justice Department said the settlement is one of the largest ever reached in a case involving the privacy act.
Under the terms of the settlement, TikTok and ByteDance will pay $300 million immediately and then $100 million "upon entry of an order vacating a prior consent decree entered against TikTok’s predecessor, Musical.ly."
FEDERAL EMPLOYEES CAN DOWNLOAD TIKTOK ON GOVERNMENT DEVICES AFTER BYTEDANCE'S DIVESTITURE, DOJ SAYS
The Justice Department said, since the lawsuit was first filed, "TikTok has undergone significant changes to its ownership, management, compliance functions and privacy practices.
"The company has implemented extensive measures designed to strengthen safeguards for younger users, improve age-related controls and enhance parental oversight," the DOJ added, saying that those developments have "strengthened protections for millions of American families."
The DOJ said the settlement shows its commitment to protecting the public while also acknowledging the progress TikTok has made.
"The most important result is that children and parents are better protected today than they were when this case began," Assistant Attorney General Brett A. Shumate of the Justice Department’s Civil Division said in a statement.
"This settlement reflects substantial progress, secures a significant monetary recovery and brings this matter to a successful conclusion."
TikTok did not immediately respond to FOX Business' request for comment.
https://www.foxbusiness.com/technology/tiktok-agrees-pay-400-million-settle-justice-department-childrens-privacy-caseNearly 40,000 bottles of eye drops recalled nationwide over possible contaminationThe voluntary recall was issued due to a "lack of assurance of sterility" in certain bottles of Clear Eyes Maximum Itchy Eye Relief sold nationwide.
Nearly 40,000 bottles of eye drops are being recalled nationwide due to potential contamination, according to the Food and Drug Administration.
Tarrytown, New York-based Prestige Brand Holdings is voluntarily recalling 39,060 bottles of its Clear Eyes Maximum Itchy Eye Relief eye drops due to a "lack of assurance of sterility," according to an FDA enforcement report.
The affected product comes in 15-milliliter bottles with the lot code 2552A and an expiration date of Sep. 30, 2027. They were distributed by Medtech Products Inc., a Prestige Consumer Healthcare company.
NEARLY 12 MILLION BOTTLES OF ROHTO EYE DROPS RECALLED OVER STERILITY CONCERNS, FDA ANNOUNCES
The FDA classified the recall as a Class II recall, which it describes as a "situation in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote."
MILLIONS OF PRESCRIPTION EYE DROPS RECALLED NATIONWIDE OVER CONTAMINATION CONCERNS
Other brands in the Prestige portfolio include Dramamine, Luden’s and Anacin.
The company completed the acquisition of the Breathe Right brand – known for its nasal strips – and other assets from Foundation Consumer Healthcare in June in a deal valued at about $1.05 billion.
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FOX Business reached out to Prestige Brands for comment.
https://www.foxbusiness.com/lifestyle/nearly-40000-eye-drops-recalled-nationwide-over-possible-contaminationMost Americans aren't anti-vaccine. They're uncertain — and that's a growing public health challengeThe bigger issue at hand may be that many Americans fall into a large, uncertain middle ground – neither firmly pro-vaccine nor staunchly opposed.{}
California helicopter maker lands major Army training deal, could support hundreds of US jobsRobinson Helicopter’s R66 will train the next generation of Army pilots in a deal the California manufacturer says could support hundreds of American jobs.
A California helicopter manufacturer whose R66 helicopter was selected for use in a major new U.S. Army flight training program said the effort could support hundreds of American jobs.
Robinson Helicopter Company, based in Torrance, California, will provide its R66 turbine helicopter for the Army’s Flight School Next program as part of a team led by M1 Support Services.
The program will train the next generation of Army helicopter pilots at Fort Rucker, Alabama. The R66 was selected as the team’s aircraft for the Army’s Initial Entry Rotary-Wing training program.
"Robinson didn't just check the boxes; it blew past them, beating out competitors on price, performance and resiliency," company spokesperson Erica Dumas told FOX Business.
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Robinson Helicopter CEO David Smith said the selection shows that an American-made aircraft can compete with foreign-built products in a critical military training role.
"This is a really powerful demonstration of American-made displacing what are currently foreign products that occupy this very important role of training Army aviators," Smith told FOX Business.
Smith said the program will create demand for maintenance workers, instructors and overhaul specialists in Alabama while also driving additional work at Robinson’s California factory.
"There’s an opportunity for us to both sell these aircraft and the parts that feed them for 26 years," he said, adding that future exports to allied nations could help create "likely hundreds of jobs over time" in Torrance, California.
Robinson says the R66 is 100% U.S.-designed and manufactured, with more than 85% of its parts produced at the company’s vertically integrated Torrance facility.
FORD ENTERS COMPETITION TO DEVELOP NEW US ARMY TACTICAL TRUCK
"We absolutely have the skills, the resources to design, the resources to innovate, and ultimately to make the hard manufactured products that build these products," Smith said.
The company says the R66 has the lowest acquisition price and direct operating cost of any turbine helicopter in its class over the past decade while giving Army pilots experience with modern avionics, autopilot systems and night-vision capabilities.
Smith said those savings could allow the Army to redirect funding toward other priorities.
"One of the great benefits of this project is it will help the Army allocate more funding to some of the more significant projects they have [in] the future," he said.
The contract also advances Robinson’s expansion into defense.
"This is a way for us to contribute directly to an area of great need," he said.
DEPARTMENT OF WAR TAPS ORACLE FOR SOFTWARE DEAL WORTH NEARLY $7B
Smith also argued that rebuilding America’s defense industrial base will require renewed emphasis on skilled trades.
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"We need to rebuild that first, the appetite and the interest of the workforce to go into these very important skilled areas and make it a fun and cool business to be in again," Smith said.
Robinson also plans to reinvest proceeds from the program into research and development, including unmanned aircraft and other defense technologies.
"I'm an engineer first," he said. "And so my mindset is, how can we continue to use wins like this to reinvest in the business and grow in the years to come?"
https://www.foxbusiness.com/fox-news-air-space/california-helicopter-maker-lands-major-army-training-deal-could-support-hundreds-us-jobsDave Portnoy backs Pizza Hut rebrand as 'brilliant move' — then makes his pitchBarstool Sports' Dave Portnoy called Pizza Hut's temporary "Hut" rebrand for the NFL season "brilliant," while pitching Barstool Sports as the ideal ad partner.
The "One Bite" pizza reviewer and Barstool Sports founder Dave Portnoy threw his support behind Yum! Brands' campaign to temporarily rebrand Pizza Hut, praising the pizza chain's strategic marketing move as "brilliant" while pitching company executives on directing advertising dollars toward Barstool Sports during football season.
"At first, I didn't really get it. But I'll say this, Stuart. We do business with Pizza Hut. And we want them to spend lots of money with Barstool. So I think it's a brilliant move. Whoever came up with that, I like it," Portnoy said on "Varney & Co." Friday.
"They're thinking smart. It's football season. There it is, the football with the 'Hut.' And you know, they're gonna spread this message. They gotta find some new media vehicles that cover football," he continued, "and maybe do a little bit of an ad spend to let people know what's going on so they don't get confused."
FOX Business host Stuart Varney replied: "And Barstool Sports is ideally situated to pick up a little pizza business, right?"
"You don't say!" Portnoy responded.
On Wednesday, the chain announced that it will go by "Hut" for the next 25 weeks, coinciding with the 2026 NFL season.
"You can just call us HUT for the next 25 weeks," Pizza Hut wrote in a social media post announcing the temporary rebrand.
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The company showed off the change at a restaurant in Plano, Texas, where a banner featuring a football covered the word "Pizza" on the restaurant's exterior sign. Pizza Hut, which is headquartered in Plano, also changed its social media profile images to a logo without the word "Pizza."
FOX Business' Brittany Miller contributed to this report.
https://www.foxbusiness.com/retail/dave-portnoy-backs-pizza-hut-rebrand-brilliant-makes-his-pitchWhy some of America's biggest brands are losing ground in ChinaNike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.{}
Trump admin taps former JPMorgan Chase exec Matt Zames to advise Social Security agencyMatt Zames is taking an unpaid position to help his former JPMorgan colleague Frank Bisignano tackle modernization of the SSA, CNBC has learned.{}
Trump administration takes steps to chip away at American Bar Association's power to accredit law schoolsThe American Bar Association's 74-year authority over law school accreditation now faces a direct challenge from the Department of Education.
The Trump administration is threatening the American Bar Association's longstanding authority to accredit law schools, which dates back to 1952.
The White House, along with congressional Republicans, have accused the ABA of using its dominant role in legal education to push diversity, equity and inclusion (DEI) ideology on up-and-coming lawyers.
A 500-page Department of Education report obtained by The Wall Street Journal argues that the ABA's accreditation wing is not sufficiently independent of the law profession itself.
In a statement to Fox News Digital, the Department of Education said its staff reviewed the ABA's accreditation standards and found the organization is "out of compliance" with federal accreditor regulations.
MCMAHON TELLS HOUSE PANEL TRUMP ADMIN MOVING TO DISMANTLE ‘FAILED’ $3T EDUCATION BUREAUCRACY
"We will not comment on details as the process is ongoing and involves multiple stages of review, including by an independent, bipartisan advisory committee in September," said a spokesperson from the Department of Education.
The ABA’s accreditation system gives it considerable influence over law schools in the United States.
Its Council of the Section of Legal Education and Admissions to the Bar is the only accreditor of Juris Doctor programs recognized by the Department of Education, and graduation from an ABA-approved law school is the standard path to taking the bar exam in most states.
Since the Higher Education Act was passed in 1965, only accredited universities can participate in federal student financial assistance programs. Students who attend non-accredited law schools cannot access federal student loans or grants.
LIBERAL FACULTY STILL HUGELY OUTNUMBER CONSERVATIVES IN HIGHER EDUCATION: REPORT
The Department of Education's initial recommendation to reject the ABA as a federally recognized accreditor will go to a panel for review, The Journal reported. That panel will then make its own recommendation to Undersecretary of Education Nicholas Kent.
In a statement to Fox News Digital, Melissa Hart, the chair of the ABA’s Accreditation Council, said the council is complying with federal laws and regulations.
"Although it is difficult to comment on a recommendation we haven’t yet received, we look forward to the opportunity to address any misconceptions and clarify the record at our upcoming hearing before the [National Advisory Committee on Institutional Quality and Integrity] committee next month," Hart said.
"As a national accrediting body for American law schools, we remain focused on ensuring quality legal education that produces competent, ethical attorneys who are eligible for licensure," she added. "The outcomes produced by Council-accredited law schools are unmatched, and we continue the important work of accrediting law schools as our recognition process proceeds."
Under the Higher Education Act, the secretary of education has the power to terminate the federal recognition of an accrediting agency, but only after the accreditor is given notice and an opportunity for a hearing.
Accreditors are also generally given up to 12 months to come back into compliance before their recognition is terminated.
If the ABA lost its federal status as a trusted accreditor, law schools affiliated with a university would likely use the university's accreditor to maintain access to federal student aid programs.
Freestanding law schools would face a more complicated situation, as there are no other federally recognized accreditors specifically for J.D. programs. The Trump administration has not publicly detailed how those schools would retain access to federal student aid if the Department of Education rejects the ABA’s accreditation authority.
https://www.foxbusiness.com/politics/trump-administration-takes-steps-chip-away-american-bar-associations-power-accredit-law-schoolsTop JPMorgan Chase exec warns regulatory proposal could squeeze credit for millions of small businessesJPMorgan Chase warns Basel III Endgame capital rules could hurt Main Street by raising borrowing costs and reducing small business lending access.
FIRST ON FOX: A top executive at JPMorgan Chase warned that proposed federal bank capital rules could damage small businesses across the country, airing caution that Main Street may have less access to credit from banks.
As regulators move to finalize Basel III Endgame, one of the most important global financial regulatory standards to date, Chase Business Bank CEO Stevie Baron said in a memo obtained by Fox News Digital that the current framework could potentially have unintended consequences for small businesses as capital requirements could prevent lending.
"The latest revisions to the 2023 proposal are a step in the right direction, but as we reiterated to regulators, more work is needed to ensure the final rules do not increase the cost of lending or reduce access to credit for small businesses," Baron said.
Baron specifically noted proposed changes to the Global Systemically Important Bank (GSIB) surcharge, saying that formula could encourage trading over lending, raising borrowing costs for millions of small business owners.
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JPMorgan Chase is considered a GSIB, and is required to adhere to higher loss-absorbing equity and capital requirements than other smaller banks.
"The Fed should reconsider the proposed changes to the GSIB surcharge calculation, and, in particular, retain the current approach to the short-term wholesale funding factor that accounts for the size and funding diversification benefits of universal banks," Baron added. "Regulators should ensure the surcharge framework does not penalize the everyday lending and banking services relied on by small businesses."
He also argued that "capital requirements should not increase just because the economy is growing or routine activity is expanding," and that "policymakers should ensure the capital framework operates as a coherent whole, rather than layering multiple requirements on top of the same risks."
Baron oversees more than 7 million small and medium-sized businesses and over $19 billion in business banking average loans in fiscal year 2025. The American Dream Initiative, which was announced by JPMorgan Chase CEO Jamie Dimon on Fox News’ "Fox and Friends" in March, seeks to expand the total number of small and medium-sized businesses to ten million in additional to a number of changes at the bank to promote growth in the U.S. economy.
A senior JPMorgan Chase executive told Fox News Digital that acting Labor Secretary Keith Sonderling visited the bank's headquarters last week to discuss the initiative and steps it is taking to implement changes under the Trump administration.
After the 2008 financial crisis, global regulators developed the Basel III regulatory package to ensure banks have enough capital and financial cushion to weather economic volatility to protect taxpayers. U.S. regulatory agencies, including the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller, initially proposed the framework, dubbed Basel III Endgame in 2023 but withdrew the draft for revision after pushback.
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In March, Trump administration regulators proposed the latest draft of Basel III Endgame, with a comment deadline of July, though banks are still lobbying for changes as regulators move to enact permanent policy.
Top lawmakers, like Senate Banking Committee Chairman Tim Scott, R-South Carolina, have also warned about potential lending shortfalls if the framework is enacted.
"I have long said that overly complicated capital rules can slow economic growth without making our financial system safer," Scott said in a March statement. "The Biden administration’s plan would have made it harder to get a mortgage, harder to start a business, and more expensive to make ends meet. That is the wrong direction when families are already feeling squeezed. There is still more work to do. We need rules that keep our financial system strong while making sure banks can lend, and our economy can grow."
Baron aligned with Scott’s view that there needs to be assurance that banks will be able to lend freely, stating in his memo that small businesses could be restricted from expansion and investing in growth should there be limited access to capital.
His memo is part of a new JPMorgan Chase series titled "from the desk of," where top executives, including Dimon, have shared their takes on various economic and political policies and how they affect America’s largest bank.
https://www.foxbusiness.com/politics/top-jpmorgan-exec-warns-regulatory-proposal-could-squeeze-credit-millions-small-businessesNew Emergency Care Skills Help Tanzania’s Frontline Doctors Save Lives
DAR ES SALAAM, Tanzania, August 21 (IPS) - The 14-year-old girl arrived at the hospital fighting for her life. After a tragic hit-and-run car accident, she was rushed into the emergency department with serious abdominal injuries. Every passing minute brought her closer to death.
https://www.globalissues.org/news/2026/08/21/43870 {"url":"https://static.globalissues.org/ips/2026/08/DSN-1298-100x100.jpg"}Trump says any governor or mayor should want to welcome an AI data center
President Donald Trump said earlier this week that any governor or local government official should want to welcome the construction of AI data centers.
"The construction jobs are enormous. We're building the biggest plants anywhere in the world. And I can say, if I were the mayor of a town or the governor of a state, and I had a chance to get a big plant in an AI plant or a data center, I would absolutely want it because the jobs are enormous, and the money paid, the taxes paid are just enormous," Trump said at the White House on Wednesday.
"And if you don't take it, you're going to be left behind because there are plenty of places that want it," he added during a meeting with technology and cryptocurrency industry leaders in the Roosevelt Room. "But if I were a governor or mayor, I would want that plant in my community. And many of them are designed in a very beautiful way. It's really very positive."
https://www.foxbusiness.com/politics/trump-says-any-governor-mayor-should-want-welcome-ai-data-centerNeutrogena breaks silence after Hayden Panettiere's past claims spark backlash following her deathNeutrogena admitted making Hayden Panettiere "feel unsupported" after she spoke about postpartum depression, pledging a significant new investment.
Neutrogena broke its silence Thursday following the death of Hayden Panettiere and mounting backlash over the skincare brand's alleged treatment of the actress, acknowledging that it made her "feel unsupported during a very difficult time."
Panettiere, known for her roles in "Nashville" and "Remember the Titans," died Sunday at 36 after she was found unresponsive and in cardiac arrest at an apartment in Greenville, South Carolina.
Preliminary autopsy results found no signs of trauma that contributed to her death, Fox News Digital previously confirmed.
In the days following her death, fans unearthed comments made by Panettiere, who worked with Neutrogena from 2005 to 2015, in which she claimed the skincare brand cut ties with her after she spoke publicly about her experience with postpartum depression (PPD).
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Neutrogena's social media posts were subsequently flooded with negative comments, with some users calling for a boycott of the brand.
Neutrogena addressed the backlash in an Instagram post Thursday, saying it was "deeply saddened" by Panettiere's death.
"For more than a decade, Hayden was a valued member of our Neutrogena community," the brand wrote. "We are proud to have partnered with her and understand that we made her feel unsupported during a very difficult time. This is not what Neutrogena stands for or who we want to be."
"Hayden's courage in sharing her challenges helped inspire important conversations and awareness," the post continued. "We are making a significant investment to a long-standing community health partner to help give more women access to the support they need, including care for postpartum depression. We will share more details with this community when plans are in place."
The brand said it had initially refrained from publicly commenting on Panettiere's death out of respect for her family.
In her memoir, "This Is Me: A Reckoning," released earlier this year, Panettiere wrote that Neutrogena wanted to end its long-term relationship with her after she spoke publicly about her experience with PPD.
During an appearance on Jay Shetty's "On Purpose" podcast in May, Panettiere said she had not planned to discuss postpartum depression when the subject came up during a 2015 interview on "Live! With Kelly and Michael."
"I had no intention of, or plan to, talk about postpartum depression. It just came up, and I was just being honest," she said.
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"Never for a second did I think that anyone ... cared, that anyone would have a bad reaction to it. It was my truth."
Panettiere said losing the Neutrogena partnership was "the last thing that I thought they would ever fire me over."
"And so when I got that call that Neutrogena wanted to fire me over that, and my representative at the time said, 'That's illegal you can't do that,' I knew that that was gonna be it, that I was not gonna be invited back the next year, and I had worked with those people for 10 years."
Panettiere's death came just weeks after she spoke publicly about her past struggles with addiction and the difficult decisions she made while seeking help.
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Fox News previously reported that the Drug Enforcement Administration (DEA) has been contacted and is assisting in the investigation into Panettiere's death.
FOX Business has reached out to Neutrogena for additional comment.
Fox News Digital's Lorraine Taylor and Stepheny Price and Fox News' Jake Gibson contributed to this report.
https://www.foxbusiness.com/entertainment/neutrogena-breaks-silence-after-hayden-panettieres-past-claims-spark-backlash-following-her-deathWhy some of America's biggest brands are losing ground in ChinaNike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.{}
Most Americans aren't anti-vaccine. They're uncertain — and that's a growing public health challengeThe bigger issue at hand may be that many Americans fall into a large, uncertain middle ground – neither firmly pro-vaccine nor staunchly opposed.{}
New York unseats San Francisco as the top market for tech talent, CBRE reportsAI-related roles now account for nearly one-third of all tech-talent job listings in the U.S., per the new CBRE report.{}
New York unseats San Francisco as the top market for tech talent, CBRE reportsAI-related roles now account for nearly one-third of all tech-talent job listings in the U.S., per the new CBRE report.{}
The unexpected reason New Jersey real estate is outperforming the rest of the countryNew Jersey's "metroburbs," coastal towns like Asbury Park, and rising home prices are drawing national attention as the state ranks No. 2 to live in.
For decades, outsiders joked about New Jersey being little more than a turnpike connecting New York and Philadelphia.
But with the Garden State recently named the second-best state to live in America — boasting strong schools, relatively low household debt and thriving coastal hubs — the secret is officially out. As national home sales stall, New Jersey’s unique mix of high-paying tech jobs, year-round beach towns and suburban "metroburbs" has transformed it into one of the nation’s leaders in home price growth.
"I think at the end of the day, it comes down to fundamentals, which is, is this a great place to live, a great place to work, a place to raise my family, to live out my life? And New Jersey has so much going for it," Inspired by Somerset Development CEO and President Ralph Zucker told Fox News Digital.
"You have a little bit of everything, and we're close to everything. We're close enough to New York, close enough to Pennsylvania, but we're no longer a place to connect New York and Philadelphia," he continued. "New Jersey has very much come into its own, and really it's always been there, but the secret is out."
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"I've lived in New Jersey all of my life," longtime Asbury Park resident Karen Nelson also told Fox Digital. "I love everything about New Jersey… It's just a convenient place to live, and it's beautiful to live down the shore."
Data released in July by New Jersey REALTORS showed statewide median home prices ranging between $540,000 and $585,000, reflecting a year-over-year increase of roughly 4.5% to 5.4%. Last week, WalletHub’s 2026 ranking of the best states to live in ranked New Jersey at No. 2, citing its low premature death and obesity rates, among other factors.
Zucker has spent more than 30 years developing residential and commercial spaces in New Jersey, and his firm has more recently leaned into the development of "metroburbs" — suburban spaces that don’t sacrifice urban culture — and changing workplace dynamics.
Bell Works in Holmdel, which Zucker bills as the world's first "metroburb" and became famous as a filming location for Apple TV's "Severance," was 98% leased as of 2025, according to Zucker, who said rental rates have nearly doubled since 2020.
"We coined the term literally to say that you can have a great metropolis in an awesome suburban location. You can have your cake and eat it, too," he said. "If we could create that metropolis in suburbia… without the commute, without the heartache, without all the stress that comes with getting in and out of, quote unquote, the city or downtown, we would have more subscribers than we could imagine, and that's exactly what happened."
"It took time for people to recognize it," Zucker said. "People understand the 'metroburb' model. They understand what it is to be in a great, inspiring place. Our entire methodology is: work inspired. You don't have to work in a mind-numbing place. You can work and be inspired at the same time. You could live your life at work."
Beyond changing workplace dynamics, some Jersey Shore communities, including Asbury Park and other parts of Monmouth County, have increasingly attracted year-round residents rather than only seasonal vacationers. Some Monmouth County shore towns have seen year-over-year home-price appreciation between 6% and 10%, according to Zucker, outpacing parts of Florida where prices have declined in some markets.
"A lot of people, especially when they retire, they go to Florida, and I'm not really a Florida type of person, and I know a lot of people do the half-and-half, which I thought about, but I love Asbury all year-round," Nelson explained. "It's become more of an all year-round kind of place. So [I'm] happy here."
"I think it's actually just going to get better. People want to be here, and a lot of new businesses are evolving, restaurants, and everybody wants to be in Asbury," she added. "So I think it's just going to be bigger and better. So I'm actually looking forward to the future of this town. We just went to a brand-new restaurant last night. We have reservations for another new restaurant next week. I think in a couple of years, it's even going to be better."
After living in Asbury Park for 17 years, Nelson recently purchased a preconstruction unit at LIDO Asbury Park, a project for which Inspired by Somerset Development secured $211 million in construction financing. A penthouse at the development sold for $7.6 million, setting a record for the most expensive condominium sale in New Jersey.
Nelson also said that buying a preconstruction unit can allow buyers to bypass competitive open-market bidding wars and lock in a purchase price before the home is completed.
"With LIDO, the prices were the prices. So there wasn't any kind of bidding war in that market because it was new construction. I just recently sold my place. So it didn't end up in a bidding war, but I got close to ask," Nelson said. "But a lot of places right now, they're going way above market. Which is nice. But [at] LIDO, I'm secure in my purchase price now, even though it's still a year and a half out."
"I think the big thing to remember is when you are buying new construction, you are securing that price, so you don't have to worry… You're still locking into that price," she continued. "So that's a big thing because the market right now is going to continue to escalate. Who knows where it's going to be?"
Amid concerns that new development is pricing some buyers out of parts of Monmouth County, Zucker argues that high property taxes and elevated interest rates remain major financial hurdles for Garden State buyers and that municipal zoning bottlenecks and lengthy government approval timelines suppress housing inventory.
"Restricted government policies raise the pricing... Builders, developers… We aim for public good," the CEO said. "I will proudly say that the way I make a living is by making great places for great people, but I do it as a business. So the less impediments that government puts in my way while making sure that I do my job correctly with the right professionals will actually increase supply and lower the price to the consumer."
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"The best way to protect the public interest and, at the same time, allow proper development to proceed at a better pace is to allow qualified professionals to do their job," he continued. "Government can protect the public and, at the same time, accelerate and not cause the cost associated with long and arduous application process, inspection processes that do nothing to protect the public, do everything to slow the process down and increase the cost to the consumer."
"People are going to tell you in real estate, as a developer, focus on the bottom line. And I'm telling you, focus primarily on the end user, on the people. Also, focus on the bottom line — if you do that, you'll be successful both at creating great places and being profitable. And I think that's an important distinction."
https://www.foxbusiness.com/real-estate/unexpected-reason-new-jersey-real-estate-outperforming-rest-countryNew York unseats San Francisco as the top market for tech talent, CBRE reportsAI-related roles now account for nearly one-third of all tech-talent job listings in the U.S., per the new CBRE report.{}
More than 20,000 off-road motorcycles recalled over dangerous brake defect that could lead to deathThousands of GASGAS and Husqvarna off-road motorcycles face a recall due to a rear brake caliper defect that poses a crash hazard risking serious injury.
Thousands of off-road motorcycles are being recalled over a braking defect that could cause serious injury or death from a crash, according to federal regulators.
KTM North America Inc., of Amherst, Ohio, is recalling about 21,040 GASGAS and Husqvarna off-road motorcycles in the U.S., the U.S. Consumer Product Safety Commission announced Thursday.
Another 4,140 were sold in Canada, according to the commission.
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The recall affects certain 2021 through 2024 GASGAS and Husqvarna off-road motorcycle models.
"The rear brake caliper can crack or break, reducing the brake system’s effectiveness, posing a risk of serious injury or death due to crash hazard," the commission said in its notice.
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The GASGAS off-road motorcycles are red with the white GASGAS logo on both sides of the shrouds, while the Husqvarna motorcycles are white, blue and yellow with the Husqvarna logo on both sides of the shrouds.
The motorcycles were sold at GASGAS and Husqvarna authorized dealers from September 2020 to June 2023 for between $7,300 and $13,000.
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Consumers are urged to stop riding the recalled motorcycles immediately and contact an authorized GASGAS or Husqvarna Motorcycle dealer to schedule a free repair at the dealership.
No injuries have been reported thus far in connection with the recalled motorcycles.
https://www.foxbusiness.com/economy/more-than-20k-off-road-motorcycles-recalled-over-dangerous-brake-defect-could-lead-deathPizza Hut makes surprising change to iconic name ahead of NFL seasonPizza Hut is putting a football-inspired twist on its iconic brand as Yum! Brands moves ahead with the restaurant chain's multibillion-dollar sale.
Pizza Hut is temporarily dropping "Pizza" from its name as the restaurant chain leans into football season while its parent company moves ahead with a multibillion-dollar sale of the iconic brand.
The chain said this week that it will go by "Hut" for the next 25 weeks, coinciding with the 2026 NFL season.
"You can just call us HUT for the next 25 weeks," Pizza Hut wrote in a social media post announcing the temporary rebrand.
The company showed off the change at a restaurant in Plano, Texas, where a banner featuring a football covered the word "Pizza" on the location's exterior sign. Pizza Hut, which is headquartered in Plano, also changed its social media profile images to a logo without the word "Pizza."
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The football-themed marketing push comes at a pivotal time for Pizza Hut, as parent company Yum! Brands moves ahead with plans to sell the iconic restaurant chain.
FOX Business reported in June that Yum! was in exclusive talks with private equity firm LongRange Capital over a potential sale of Pizza Hut. At the time, no agreement had been reached, and LongRange was among several firms that had explored acquiring the chain.
Yum! later announced that LongRange agreed to acquire Pizza Hut's operations outside mainland China for approximately $1.5 billion, while Yum China Holdings agreed to purchase the chain's mainland China operations in a separate $1.2 billion deal.
The transactions value the operations at a combined $2.7 billion, with Yum! expecting approximately $2.3 billion in net proceeds.
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"Under LongRange and Yum China, Pizza Hut will be well positioned for future growth with ownership that brings deep expertise in the restaurant industry," Yum! CEO Chris Turner said.
"Pizza Hut was built by the passion and dedication of our team members, employees and franchisees, and we’re excited for the next chapter."
The sale follows a prolonged period of pressure on Pizza Hut's U.S. business. FOX Business reported in June, citing Reuters, that Pizza Hut generated about 12% of Yum!'s revenue in 2025 and had posted declining U.S. comparable sales for 10 consecutive quarters.
Yum! had been evaluating strategic alternatives for Pizza Hut, including a potential sale, as the chain worked to reverse its sales slump.
LongRange emerged as a potential buyer after Apollo Global Management and Sycamore Partners were also reported to have explored bids for Pizza Hut.
Yum! said earlier this month that the sale remained on track to close in August.
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The "Hut" branding, however, isn't permanent. After its 25-week football promotion ends, Pizza Hut is expected to return to the name consumers have known for decades.
FOX Business' Bradford Betz contributed to this report.
https://www.foxbusiness.com/lifestyle/pizza-hut-surprising-change-iconic-name-ahead-nfl-seasonBMW recalls nearly 28,000 luxury vehicles over driveshaft flaw that poses rollaway riskBMW has issued a recall for 27,720 vehicles from 2021-2026 over a rear differential issue that increases crash and rollaway risks. Dealers will provide free repairs.
BMW plans to recall 27,720 cars across three model lines over a driveshaft issue that could result in the vehicle rolling away.
The recall impacts vehicles in the luxury car manufacturer's 5 Series, 7 Series, and 8 Series, according to filings made with the National Highway Traffic Safety Administration (NHTSA).
The recall stems from the connection between the driveshaft and the rear differential, which may experience excessive wear over time.
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The excessive wear can lead to a loss of power to the rear wheels, which increases the risk of a crash or vehicle rollaway if the vehicle isn't secured by the parking brake.
The notice affects 18,150 5-Series vehicles produced from 2021 to 2023 (540i, 540i xDrive and M550i xDrive), 7,372 8-Series vehicles from 2022 to 2026 (840i and 840i xDrive), and 2,198 750e xDrive models made from 2024 through 2026 (750e xDrive plug-in hybrid).
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BMW has not received any reports of accidents or injuries related to the drivetrain issue, the notice states.
FOX Business has reached out to the automaker. BMW plans to send notification letters to vehicle owners by Oct. 2.
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BMW dealers have been instructed to perform the recall for affected vehicle owners for free. Technicians will either apply an adhesive to the affected part or replace the driveshaft and rear differential.
https://www.foxbusiness.com/luxury/bmw-recalls-nearly-28000-luxury-vehicles-over-driveshaft-flaw-poses-rollaway-riskStarbucks lays off over 200 corporate workers as turnaround strategy moves forwardStarbucks CEO Brian Niccol's restructuring cuts over 200 jobs, with 120 tied to workers who declined relocating to a new $100 million Nashville office.
Starbucks is laying off over 200 corporate workers as it moves forward with the turnaround strategy that it began two years ago under CEO Brian Niccol.
The coffee giant on Thursday published a layoff notice under the WARN Act, clarifying plans to cut over 200 corporate roles after it previously disclosed plans to reduce the corporate workforce by about 300 jobs.
The WARN filing indicated that about 120 of the employee separations are associated with workers from its support team focused on designing and developing coffeehouses who declined the opportunity to relocate from Seattle, Washington, to Nashville, Tennessee.
Additionally, about 104 cuts are organizational changes resulting from restructuring plans detailed in May.
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The expected date of the first separations will be Oct. 19, 2026, with all completed by Nov. 1, 2026.
Starbucks indicated the organizational changes aren't altering the company's coffeehouse strategy, and it is moving forward with its "third place experience" of uplifting coffeehouses and expanding and developing its portfolio.
The filing represents the last component of Starbucks' remaining organizational changes from the restructuring announced in May so that it can focus on improving the experience at its coffeehouses and those of its employee partners and customers, according to the company.
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The company is building a new regional corporate office in Nashville that comes with a price tag of $100 million and will house about 2,000 employees, though it is keeping its headquarters in Seattle.
After Niccol took the helm at Starbucks in September 2024, becoming the company's third CEO in a two-year period, he put the company on a turnaround plan to spur more business in coffeehouses.
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The plan has featured efforts to redesign interiors to encourage customers to linger, along with "personal touches," like writing names on cups and serving drinks in mugs.
It's also working to ensure proper staffing at stores, streamlining mobile orders, letting customers handle their own condiments and committing to having all drinks ready in four minutes or less.
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Last year, Starbucks moved to close some underperforming stores and cut 900 non-retail partner roles, while also freezing many open positions as it restructured.
https://www.foxbusiness.com/markets/starbucks-lays-off-over-200-corporate-workers-brian-niccols-turnaround-strategy-moves-forwardJalapeño-linked salmonella outbreak sickens 431 people across 32 statesFederal health officials say a salmonella outbreak linked to fresh jalapeños has grown to 431 cases and 57 hospitalizations across 32 states
A multistate salmonella outbreak linked to fresh jalapeño peppers has sickened 431 people and hospitalized 57 across 32 states, according to federal health officials.
The latest figures represent an increase of 86 illnesses, 21 hospitalizations and five states since the outbreak stood at 345 cases and 36 hospitalizations across 27 states earlier this month.
No deaths have been reported.
Federal health officials say the outbreak is probably larger than the confirmed case count because people with mild infections often recover without seeking care or getting tested. Recent illnesses can also take several weeks to be linked to an outbreak.
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The outbreak has been tied to jalapeños grown in Sinaloa, Mexico, and distributed in the U.S. by Coast Citrus Distributors. The peppers have prompted recalls of prepared foods and ready-to-eat products sold by major retailers.
Of 224 people interviewed as part of the investigation, 91% said they ate at a Mexican-style restaurant before becoming sick. Federal health officials have identified 28 illness clusters tied to restaurants across eight states.
Chipotle Mexican Grill and Qdoba received jalapeños imported by Coast Citrus Distributors from the Sinaloa grower linked to the outbreak, according to the Food and Drug Administration.
Chipotle began switching its jalapeño supplier for affected locations on July 20 and is no longer serving the relevant product. Qdoba stopped using jalapeños at all of its restaurants July 28.
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The FDA said the actions taken by the restaurant chains mean there is no current ongoing outbreak risk to consumers eating at those establishments.
People who have become sick range in age from 1 to 85 years old. Illnesses began between June 19 and Aug. 2, while meals associated with the restaurant investigation were eaten between June 14 and July 16.
The outbreak has also prompted an expanding series of recalls involving products made with the affected jalapeños.
NatureBest Precut & Produce voluntarily recalled certain NatureBest and H-E-B products on Aug. 8, including pico de gallo, soup mix, stuffed mushrooms and diced jalapeños. The products were distributed to retail locations in Texas and Louisiana from July 3 through Aug. 5.
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Other downstream recalls listed by the FDA include products from Taylor Fresh Foods and Whole Foods, as well as jalapeños distributed by Hardie’s Fresh Foods.
The outbreak previously prompted a public health alert covering at least 18 ready-to-eat meat and poultry products containing recalled jalapeños. Those products included wraps, bowls and salads sold through major retailers including Walmart, Kroger, H-E-B, Albertsons, Randalls, Tom Thumb, Wawa, Hannaford, RaceTrac and Dillons.
Federal regulators previously said there were no confirmed illnesses linked specifically to the recalled meat and poultry products.
Coast Citrus Distributors agreed to recall the remaining implicated product and stop importing jalapeños from the grower linked to the outbreak, according to the FDA.
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Salmonella can cause diarrhea, fever and stomach cramps, with symptoms typically beginning six hours to six days after infection. Most people recover within four to seven days without treatment.
Severe illness can occur, particularly among young children, older adults and people with weakened immune systems.
FOX Business' Bonny Chu contributed to this report.
Hyundai’s Genesis rolls out a new flagship luxury electric SUVGenesis has unveiled the GV90, a flagship electric SUV with 310 miles of estimated range, fast charging and a tech-packed luxury cabin.
Hyundai Motor Group’s luxury brand Genesis is launching a new electric SUV with more than 300 miles of estimated range and a cabin packed with technology.
The new GV90 is expected to travel about 310 miles on a full charge. Genesis says its battery can charge from 10% to 80% in about 22 minutes when using a 350-kilowatt fast charger, according to a Wednesday announcement from the brand.
"Our new flagship SUV represents our vision for the future while embodying the very best of Genesis, staying true to the distinctly Korean values of hospitality and craftmanship that have shaped our journey," José Muñoz, president and CEO of Hyundai Motor Company, said in a statement.
The SUV will be offered in standard and Neolun versions.
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The standard GV90 features traditional doors, while the Neolun model uses coach-style doors that open in opposite directions.
The design creates a wider opening, which Genesis says makes it easier for passengers to get in and out of the vehicle.
Safety features include 12 airbags, with a new roof airbag designed to deploy across the glass roof during severe rollover crashes.
The SUV also includes reinforced structural components, enhanced battery safety and an in-cabin monitoring system, according to Genesis.
Inside the vehicle, the GV90 comes with a pop-up OLED cinematic display, a 25-inch head-up display, Hyundai Motor Group’s Pleos Connect "infotainment" system and a generative AI assistant called Gleo AI.
It also features a 25-speaker Bang & Olufsen 3D audio system.
The Neolun version adds motorized front seats that can rotate 180 degrees while the SUV is parked.
"Occupants can now engage in a face-to-face lounge-like configuration, ideal for socializing or conducting business," as noted in the announcement.
KIA AND HYUNDAI ISSUE MAJOR RECALLS FOR OVER 335,000 VEHICLES DUE TO FUEL TANK MELTING RISK
Hyundai Motor Group Executive Chair Euisun Chung described the GV90 as a "new vision for luxury mobility."
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"Technology alone does not create luxury, and design alone does not define luxury," Chung said. "The value of innovation lies in transforming the customer experience in intelligent and intuitive ways to improve people's lives."
Hyundai Motor Group did not immediately respond to FOX Business’ request for details on when the GV90 will go on sale.
https://www.foxbusiness.com/markets/hyundais-genesis-rolls-out-new-flagship-luxury-electric-suvTrump crypto meeting signals US 'not going to slow down' in bid for digital asset dominance, expert saysTrump hosted crypto industry leaders at the White House to discuss the CLARITY Act with hopes to sign the digital assets bill into law by September.
President Donald Trump and top financial regulators hosted key figures in the cryptocurrency and digital assets industries at the White House Wednesday, with a major legislative priority for the administration and those industries nearing the finish line.
Cody Carbone, CEO of The Digital Chamber, attended the meeting and said in an interview with FOX Business the "main takeaway was that the U.S. is not going to slow down in its objective of becoming the crypto capital of the world."
"There was a lot of talk about the CLARITY Act, this legislation that's in front of us, and that there was a desire and need to get this done," Carbone said, noting there is bipartisan support for the bill and that President Trump indicated he hopes to sign it into law in September.
"It was very clear from the president's comments and from the discussion that the U.S. government and the Trump administration are not going to wait, necessarily, for legislation," he said. "The SEC and the CFTC have been given the authority from this White House and the mandate to move very quickly."
COINBASE CEO SAYS CRYPTO BILL COULD TRANSFORM US FINANCIAL SYSTEM AS SENATE VOTE APPROACHES
The CLARITY Act would establish legal definitions for digital assets, network tokens, digital commodities and more, while also creating mandates for regulatory agencies, including the SEC and CFTC, to regulate the sector without creating overlapping or contradictory rules.
"The biggest thing that the bill will do is durability. People need to understand that the regulatory framework that is going to be created by the CLARITY Act is not just going to be here for decades and decades to come," Carbone said, noting it will help builders, issuers and platforms certainty about regulatory compliance.
"It'll give retail investors, institutional investors more consumer protections, more disclosures," he said. "When you pass clear rules of the road, like we saw with the GENIUS Act, the market responds immediately. The stablecoin market in the post-GENIUS Act world in the first year almost doubled overnight in the U.S. CLARITY will do that for the rest of the market."
TRUMP-LINKED WORLD LIBERTY CRYPTO VENTURE GETS PRELIMINARY APPROVAL FROM CURRENCY COMPTROLLER
The Senate is expected to begin the procedural process of considering the CLARITY Act in mid-September, when the upper chamber is scheduled to be in a three-week session before a lengthy recess in October ahead of the midterm elections in November.
"There is a ton of motivation, not just from the administration as we saw [Wednesday], but from Republicans and Democrats in Congress to get this done — especially before the election. It just becomes too hard to legislate after September. Then you're in the October recess, then it's the election and then it's the lame duck," Carbone said.
"We don't want to leave this up for chance. This is the time. We've never been closer to enacting a market structure bill."
Carbone said if the CLARITY Act stalls in September with no path forward, the focus is likely to shift to agencies like the SEC and CFTC. He noted that SEC Chairman Paul Atkins and CFTC Chairman Michael Selig indicated they would look to implement many of the bill's provisions through the regulatory process.
"They all want to see CLARITY done, just like we do. But if the ultimate fate of CLARITY over the next six weeks is that it will not pass — and we're hoping that's not the case — then I would imagine the SEC and the CFTC will get even more active very, very quickly, shortly thereafter," he said.
The meeting was also attended by representatives from more traditional corners of the finance sector, including exchanges, and included an overarching theme of American innovation and technological leadership spanning not just digital assets and blockchain but also artificial intelligence (AI).
"This was pretty remarkable to hear the president double and triple down that it's not just about the U.S. being the crypto capital of the world, but we need to be the envy of the entire world on all innovation," Carbone said. "That's pretty amazing to hear.
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"It was a breath of fresh air and almost a sigh of relief," Carbone said, explaining that while there "may be some disappointment about where the legislation stands right now, that this administration is not going to let up.
"They're going to do everything that they can to make sure that U.S. entrepreneurs feel very, very comfortable, U.S. investors feel very, very comfortable, that they can continue to build wealth and to invest in new products right here in the U.S."
https://www.foxbusiness.com/technology/trump-crypto-meeting-signals-us-not-going-slow-down-bid-digital-asset-dominance-expert-saysMortgage rates fall for second consecutive weekThe average rate on a 30-year fixed mortgage fell this week to 6.65%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.67%.
Mortgage rates fell for the second week in a row, mortgage buyer Freddie Mac said Thursday.
Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage fell to 6.65% from last week's reading of 6.67%.
The average rate on a 30-year loan was 6.58% a year ago.
SLOWING LABOR MARKET CREATES NEW HURDLE FOR FIRST-TIME HOMEBUYERS FACING AFFORDABILITY SQUEEZE
"With a dip in rates providing modest relief for homebuyers, it’s important to remember borrowers can potentially save thousands by shopping around for the best mortgage rate," said Sam Khater, Freddie Mac's chief economist.
The average rate on a 15-year fixed mortgage fell to 5.95% from last week's reading of 5.96%.
Mortgage rates are affected by several factors, including the Federal Reserve and geopolitics. Though mortgage rates are not directly affected by the Fed's interest rate decisions, they closely track the 10-year Treasury yield. The 10-year yield hovered around 4.7% as of Thursday afternoon.
THESE AMERICAN CITIES ARE TRENDING TOWARD A BUYER'S MARKET
"Today's print is best understood as the base level from which mortgage rates may push higher next week amid market volatility," said Realtor.com senior economist Jake Krimmel. "The 30-year Treasury hit a nearly 20-year high this week, enough to prompt the Treasury Department to step in and buy back billions. But thankfully for homebuyers, since most mortgages are only around for seven to ten years before borrowers refinance or move, mortgage rates track the 10-year, which has not moved nearly as dramatically this week."
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.
https://www.foxbusiness.com/economy/mortgage-rates-8-20-2026US economy 'worse' off than when Biden departed, Peter Schiff says, warning of 2028 Dem socialist 'threat'Peter Schiff said that the U.S. economy is in "worse" shape now than it was back when former President Joe Biden departed from office last year.
The U.S. economy is currently "worse" than when former President Joe Biden departed office last year, economic and political commentator Peter Schiff asserted, warning that the nation faces the "threat" of a Democratic socialist winning the White House during the 2028 presidential election.
President Donald Trump is "unpopular because the economy is worse now than it was when Biden left office," Schiff, chief economist and global strategist of Euro Pacific Asset Management and host of "The Peter Schiff Show" podcast, told Fox News Digital during an interview on Wednesday.
"So Trump ran promising to fix what Biden broke," but then "broke it more," Schiff asserted.
"He said that prices will come down on day one as soon as I become president," Schiff said, adding "inflation is a bigger problem now than it was when Trump was elected."
Fox News Digital reached out to the White House on Thursday.
TRUMP'S APPROVAL RATING PLUMMETS TO NEW LOW AHEAD OF CRITICAL MIDTERMS: ‘MORE WORK TO DO’
While Republicans currently hold majorities in both chambers of Congress, Schiff said that he thinks the GOP will lose many House seats in the midterm elections this year and that they "have a real chance of losing the Senate too."
Schiff said he expects the party to lose control of the Senate in 2028 if they haven't lost their majority in the chamber before then and that he thinks the GOP will lose the presidency in 2028 as well. He warned that "the real threat" looming over the 2028 White House contest is the possibility of "a real Democratic socialist" getting elected as president.
Schiff, who is involved in selling precious metals through SchiffGold, made a case for people buying gold and silver. "Buy real money that will preserve its purchasing power," he said.
HOW MUCH HAS THE NATIONAL DEBT GROWN UNDER PRESIDENT TRUMP?
He argued that investors should be "diversifying into stocks in international markets" to protect against "a weak U.S. dollar."
Schiff said "stagflation" will "be a big problem for the U.S. economy for years to come," warning of a "crisis" pertaining to "sovereign debt" as well as "currency."
"But I want people to understand that this is not about a failure of capitalism. It's about a failure to have capitalism. It's a failure of central planning, central government, central banking. It's big government that interfered with the free market that created the problem. And the solutions that are gonna be proposed by government to increase the size of government, to have even more regulation, to have even more taxes, they will just make all the problems worse," Schiff said.
The U.S. national debt has surpassed $40 trillion, according to the U.S. Treasury.
"We need to rein in government. We need massive cuts to government spending, deregulation, we need free market forces," he said.
US NATIONAL DEBT HITS $40 TRILLION MILESTONE FOR FIRST TIME EVER
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Schiff said, "Republicans are in a predicament because doing the right thing economically is probably political suicide, which is why they won't do it."
https://www.foxbusiness.com/politics/us-economy-worse-off-than-when-biden-departed-peter-schiff-says-warning-2028-dem-socialist-threat