The AI boom just found two new winners: Goldman Sachs and JPMorgan ChaseGoldman Sachs and JPMorgan showed that Wall Street is a major beneficiary of the AI boom, with record revenue driven by surging trading and investment banking.{}
Anthropic moves closer to mega-IPO as bankers line up investor meetingsAnthropic is lining up investor meetings ahead of a potential IPO as soon as October as the AI startup behind looks to beat rival OpenAI to the public markets.{}
Anthropic moves closer to mega-IPO as bankers line up investor meetingsAnthropic is lining up investor meetings ahead of a potential IPO as soon as October as the AI startup behind looks to beat rival OpenAI to the public markets.{}
Gen Z is fueling the explosive return of this 200-year-old strategy crazeGen Z players are flocking to mahjong tournaments seeking strategy, luck, and in-person connections that don't involve drinking or screen time.
Mahjong, a centuries-old tile game with deep roots in Chinese culture, is finding a new audience as younger Americans swap nights out and endless scrolling for face-to-face competition. Across the country, clubs, social groups and tournaments are drawing newcomers who see the game as more than just a hobby. It has become a way to build friendships and disconnect from screens.
FOX Business’ Lydia Hu joined FOX Business’ Cheryl Casone on "Mornings with Maria" to explore why the game's popularity is surging, speaking with players at a mahjong tournament about what is driving the growing interest among Gen Z.
While colorful modern mahjong sets have helped attract attention on social media, many players said the game's biggest appeal is the community that forms around the table. One player described the atmosphere by saying, "One of the things I love about this community is we are celebratorily competitive... When someone wins a big hand, everyone will kind of cheer."
Others said the combination of strategy, luck and genuine human interaction keeps them coming back.
GEN Z BREAKS ULTIMATE TABOO BY POSTING SALARIES ONLINE
"People are really looking for in-person connections and just activities that also don't involve drinking or eating or being on your phone," another player said.
The game's welcoming nature is also helping fuel its rapid growth. New players are joining experienced competitors, with one tournament participant saying, "I just won my first hand after learning the rules yesterday, so I'm feeling pretty good."
GEN Z SHOPPERS HELPING REVIVE AMERICA’S MALLS WITH PUSH FOR IN-PERSON EXPERIENCES
Hu also shared the story behind her father's vintage mahjong set, which he brought with him when he immigrated from Taiwan decades ago. The family heirloom became a conversation starter at the tournament, highlighting how a traditional game continues to connect generations while creating new friendships.
https://www.foxbusiness.com/media/gen-z-fueling-explosive-return-200-year-old-strategy-craze‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuildingJPMorgan Chase CEO Jamie Dimon unveiled a $24 million package to bolster American shipbuilding, funding a new submarine facility at the Philadelphia Navy Yard.{}
Morgan Stanley posts record quarterly revenue and profit as equities trading surges 69%Like at peers Goldman Sachs and JPMorgan Chase, a massive beat in equities trading drove the quarter's outsized results.{}
Lucid dismisses report that it is weighing filing for bankruptcy or going private after shares plungeThe report said Lucid was considering options that could include going private or filing for bankruptcy protection.{}
T. rex sells for $50 million, becoming the most expensive dinosaur fossil ever auctionedIt passes a stegosaurus skeleton that billionaire hedge funder Ken Griffin bought for $44.6 million in 2024.{}
Paramount still plans to close WBD merger by end of September despite lawsuitParamount is still planning for its acquisition of Warner Bros. Discovery to close by late September despite lawsuit challenge from state attorneys general.{}
United Airlines' new upsell: Keeping other travelers out of the middle seatUnited Airlines will allow customers to pay more to keep the middle seat open on its Airbus A321XLRs{}
World Cup helped drive strongest consumer spending growth in four years during June, Bank of America saysBank of America data shows credit and debit card spending rose 6.3% in June, with restaurants and bars in host cities seeing the biggest gains.
The World Cup is helping to boost consumer spending around the U.S. in June, with host cities seeing notable gains, according to new data from Bank of America.
The Bank of America Institute found that consumer spending using credit and debit cards rose 6.3% from a year ago in June – which was the strongest growth in over four years – based on internal card data from the bank. That growth was largely driven by discretionary spending amid the decline in gas prices, as total card spending was up 5.6% when excluding gasoline.
The firm's analysis noted that the start of the FIFA World Cup 2026 on June 11 helped lift consumer spending for the month compared to the preceding period.
"The World Cup scored big for consumer spending in June," Joe Wadford, an economist at the Bank of America Institute, told FOX Business. "Bank of America card spending showed healthy improvement toward the end of the month, due in part to a lift from the World Cup."
FIFA, WHITE HOUSE MONITORING IMPACT OF CANADA WILDFIRES AHEAD OF WORLD CUP FINAL: SOURCES
In looking at card spending since the tournament began, the Bank of America Institute data shows higher consumer spending, particularly at restaurants and bars, which may be attributed to the World Cup. Some of the gains are likely due to online promotions near the end of June, but occurred in July last year, and thus boosted the year-over-year comparison, the firm noted.
The analysis compared brick-and-mortar spending in World Cup host cities based on zip codes with spending in other parts of the U.S., finding that some of the surge has been concentrated in communities where games are being played. Restaurants saw consumer spending rise by two percentage points in host cities, while it was flat in all other cities in that period.
"World Cup host cities saw a significant increase in brick and mortar spending, especially compared to the rest of the U.S.," Wadford said.
HOW TO WATCH THE 2026 WORLD CUP FINAL THIS SUNDAY
Retail data that excluded restaurants also showed a gain for stores in host cities after the World Cup began, whereas non-restaurant retailers everywhere else saw slower spending growth once the tournament began.
"From packed stadiums to busy restaurants, the World Cup created a tailwind for the economy. But two of the main beneficiaries of the World Cup were local retailers and restaurants," Wadford said.
"To me, this is a particularly positive story, as it suggests that a major portion of World Cup-generated spending stayed in the community."
A BILLIONAIRE'S BACKING – AND LIFELONG LOVE OF SOCCER – HELPED BRING MAURICIO POCHETTINO TO TEAM USA
The Bank of America Institute analysis also looked at the same internal card data by income level, finding that lower-income households in particular increased spending at local brick-and-mortar businesses in host cities, while higher-income households eased their spending slightly.
Additionally, all income groups boosted their spending at brick-and-mortar restaurants when comparing the pre-World Cup period to the timeframe after it began.
"Positively, lower-income households provided the biggest boost to World Cup spending. Some of this is due to the fact that younger households skew lower income, and they were likely the main ones going out to celebrate this generational event," Wadford explained.
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"But some of the boost is due to this broader story of an improving economy for lower-income households. For example, we're seeing a stronger labor market and higher wage growth, which in turn is helping to boost spending for lower-income families," he added.
https://www.foxbusiness.com/economy/world-cup-helped-drive-strongest-consumer-spending-growth-four-years-during-june-bank-america-saysPopular garlic powder recalled nationwide over bacterial contamination concernsHeavenly Spices garlic powder sold at Dollarama stores across Canada is recalled over Bacillus cereus contamination, prompting a Class 2 warning.
A popular garlic powder sold at Dollarama stores across Canada is being recalled due to potential microbial contamination, health officials announced this week.
The Canadian Food Inspection Agency (CFIA) issued the recall Wednesday for Heavenly Spices garlic powder sold at Dollarama stores nationwide.
The product is being recalled because it may be contaminated with Bacillus cereus, a bacterium that can cause nausea, vomiting, abdominal cramps and watery diarrhea, according to the U.S. Food and Drug Administration.
"Do not use, sell, serve or distribute the affected product," the CFIA said in its recall notice.
TAYLOR FARMS PREPARING RECALL, DENIES BRANDED SALADS TIED TO OUTBREAK
The agency classified the recall as a Class 2 event, meaning there is a moderate risk that consuming the product could cause short-term or non-life-threatening health effects.
A Dollarama spokesperson told CTVNews.ca on Friday that customers who purchased the product should throw it away.
"Customers can also contact Dollarama Customer Service directly for a $2.00 e-gift card as a replacement," the spokesperson said.
The recalled garlic powder was sold in 70-gram containers in stores and online.
GENERAL MILLS PULLS MORE THAN 735,000 PILLSBURY ROLLS FROM SHELVES OVER POSSIBLE GLASS CONTAMINATION
According to the FDA, symptoms of Bacillus cereus infection typically last between 24 and 48 hours. The bacterium is commonly found in meat, stews, gravies, vanilla sauce, and cooked rice that has been improperly refrigerated or left at room temperature.
The garlic powder is the latest food product to be pulled from store shelves.
Earlier this week, the FDA announced that General Mills was recalling more than 735,000 packages of Pillsbury bread products over concerns they may contain glass.
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Bloomberg News also reported that fresh produce supplier Taylor Farms is preparing a recall tied to ingredients linked to a multistate Cyclospora outbreak, though the company has said its branded salad products are not associated with the illnesses.
https://www.foxbusiness.com/lifestyle/popular-garlic-powder-recalled-bacterial-contamination-concernsWorld Cup's biggest spenders show up late as semifinals drive host city travel boomWorld Cup travel demand to U.S. host cities is spiking as the tournament reaches the semifinal stage.{}
Frontier Airlines to debut in-flight Wi-Fi in 2027 with SpaceX's StarlinkFrontier is signing with Starlink for in-flight Wi-Fi, with service debuting as early as next year.{}
Costco adds hot fan favorite to food court menu as shoppers debate taste and valueCostco is expanding its famously affordable food court menu with a new $6.99 chicken strip meal and the addition has already divided shoppers over its flavor, breading and value.
Costco shoppers have a new reason to linger after loading their carts with bulk paper towels and oversized snack packs: The retailer has added chicken strips to its famously affordable food court menu.
The new offering includes five large, breaded chicken breast strips and a container of dipping sauce for $6.99. The combo clocks in at 1,640 calories.
After appearing in select test markets earlier this year, the strips are now being reported at Costco warehouses across the country.
WEALTHY AMERICANS CHOOSE ONE GROCERY STORE CHAIN OVER RIVALS, SURVEY FINDS
The chicken strips join a food court lineup best known for its $1.50 hot dog and soda combo, oversized pizza slices and selection of sandwiches and desserts.
At nearly $7, the strips are more expensive than Costco’s signature hot dog deal. The orange-colored dipping sauce has drawn nearly as much attention as the chicken itself.
Reviewers have compared its appearance to sauces served at popular chicken chains, though its flavor has been described as closer to a tangy or zesty honey mustard.
"Costco just dropped new chicken strips!!! Someone check on @chickfila; if there was a @costco drive-through, it would be over," Costco food blogger Lucas Gomes, @therealkirklandking, shared in an Instagram reel. "This sauce does not taste like Chick-fil-A sauce. I don’t know what this mystery sauce is, but it’s good."
COSTCO SAYS YOUR NEXT CHECKOUT COULD TAKE UNDER 10 SECONDS THANKS TO NEW AUTOMATED PAY STATIONS
As with many changes to Costco’s closely watched food court, the reaction has been mixed. Some shoppers have praised the size of the strips and called the meal a strong value. Others have criticized the chicken as salty, dry or too heavily breaded.
Costco has made several notable menu changes in recent years, including replacing its churro with a large chocolate chip cookie and introducing new sandwich options.
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FOX Business reached out to Costco for comment.
https://www.foxbusiness.com/lifestyle/costco-adds-hot-fan-favorite-food-court-menu-shoppers-debate-taste-valueTaylor Farms preparing recall, denies branded salads tied to outbreakTaylor Farms says its branded salad products are not linked to a cyclospora outbreak after a report said the company is preparing a recall tied to ingredients under investigation
Fresh produce supplier Taylor Farms is preparing a recall tied to ingredients linked to a multistate Cyclospora outbreak, according to a Bloomberg News report, as the company says its branded salad products are not associated with the illnesses.
Bloomberg, citing a document viewed by the outlet, reported Friday that the California-based produce company told federal regulators it is preparing a recall connected to the Food and Drug Administration's investigation into the parasite outbreak. The scope of any potential recall was not immediately clear, and it remains unclear which products could be affected.
Taylor Farms responded Friday in a statement posted to Instagram, saying none of its branded salad kits are associated with the outbreak and that it is voluntarily removing iceberg lettuce sourced from central Mexico through its Taylor Farms de Mexico operation after receiving information from the FDA.
FDA SAYS TACO BELL TO STOP USING LETTUCE SUPPLIER LINKED TO MULTISTATE PARASITE OUTBREAK
"As a family owned and operated company, we are deeply concerned for those who became ill, their families, and the many Americans whose trust in the safety of their fresh produce has been shaken," the company said.
The company added: "No Taylor Farms branded salads or kits are associated with this outbreak. No Taylor Farms branded salad kits contain iceberg lettuce."
Taylor Farms said the FDA's trace back investigation identified what it described as "a specific independent farm" representing less than 1% of the U.S. iceberg lettuce supply as the potential source of the outbreak. The company said it has removed all iceberg lettuce from that growing region indefinitely.
OHIO MAN SUES TACO BELL FRANCHISEE, CLAIMING CYCLOSPORA INFECTION LEFT HIM SICK FOR 2 WEEKS
The development comes days after Taco Bell removed some lettuce from restaurants in parts of the Midwest after federal health officials linked illnesses to shredded lettuce served at the fast-food chain and pointed investigators to a single supplier.
Cyclospora is a microscopic parasite that can cause severe diarrhea, nausea, stomach cramps, fatigue and other gastrointestinal symptoms.
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The FDA has not publicly identified a definitive source of the outbreak, and its investigation remains ongoing.
Taylor Farms did not immediately respond to FOX Business' request for additional comment. The FDA also did not immediately respond to a request for comment.
https://www.foxbusiness.com/lifestyle/taylor-farms-preparing-recall-denies-branded-salads-tied-outbreakBig banks poised to report booming revenue propelled by SpaceX IPO, Iran war volatilityBig banks are set to report booming Q2 revenue as the SpaceX IPO, Iran war volatility and a rebound in commercial lending fuel Wall Street's "sweet spot."{}
Chipotle is opening its first restaurant in MexicoFast casual chain Chipotle announced Monday that it is opening its first location in Mexico in the Monterrey area.{}
LARRY KUDLOW: What is JD Vance doing?The vice president seems to be spending too much time online and needs a policy reset.
Kim Strassell writing today in the Wall Street Journal argues that Vice President Vance has gone AWOL.
The leader of the Senate could bring Congress together, but he’s hawking a book.
My pal Ben Domenech, writing in the Daily Wire, suggests that Mr. Vance is in desperate need of a "nineties summer".
Right now, Mr. Domenech explains, Mr. Vance is too online. The vice president pays too much attention to social media that he appears to be blaming Israel for a peace deal with Iran that was poorly put together from the very beginning, and of course ripped to pieces by Iran.
The nineties summer? Chill out with minimal screen time, maximum outdoor time, and major family time.
The New York Post editorial board is even more direct: Mr. Vance is wrong to blame Israel for his Iran peace deal’s failure thus far.
And the Post warns that Mr. Vance is flirting with rank antisemitism.
Just as baffling was Mr. Vance’s podcast with The Daily Wire where he attacked the free-market, free-enterprise, school-choice icon, Milton Friedman, then attacked the equally capitalist free enterprise iconic British prime minister, Margaret Thatcher. And then later in the interview attacked the concept of meritocracy. Huh?
President Trump has done all he can to get rid of woke DEI affirmative action on steroids produced by President Obama and then President Biden, in order to restore the great American principle of merit-based achievement. And Mr. Vance is attacking that?
Or we have all these howling far-left socialists — Mayor Zohran Mamdani, Congresswoman Alexandria Ocasio-Cortez, Senator Bernie Sanders, virtually the whole Democratic Party — screaming for big-government socialism or communism in order to nationalize the economy and continue their antisemitic, hate-based policies railing against Israel and Jewish people in general. And Mr. Vance is somehow cross-ruffing to that?
I’m sure he means well and I don’t want this to sound personal because I’ve always gotten along with him. Frankly, though, I don’t understand what he’s doing and I truly believe he needs to step back a moment for a great reset of his policy priorities and his own actions.
https://www.foxbusiness.com/politics/larry-kudlow-what-jd-vance-doingApple briefly overtakes Nvidia as world's most valuable company amid AI investment doubtsApple briefly overtook Nvidia as the world's most valuable company Friday before the AI chip giant reclaimed its $4.92 trillion market cap by closing bell.
Apple briefly passed Nvidia to become the world's most valuable company on Friday as the tech titans jostled for the top spot as investors reconsider the outlook for investments in AI.
Apple's market cap topped Nvidia's early Friday as the latter saw shares slide along with other chipmaker stocks as investors continue to evaluate whether tech firms' rapid buildout of AI tools and the data centers needed to support them will yield near-term profits.
The consumer tech giant saw its market cap rise to more than $4.91 trillion, above Nvidia's $4.9 trillion at the time.
Shares in the iPhone-maker pulled back some of their earlier gains, which allowed Nvidia to regain the top spot before the closing bell as shares in the world's leading AI chip designer pared their losses and lifted the firm's valuation.
APPLE TO INVEST $30 BILLION IN US CHIP MANUFACTURING
As of Friday's closing bell, Nvidia's market cap reclaimed the title of the world's largest at $4.92 trillion, narrowly topping Apple's $4.89 trillion. Apple shares rose 0.14% while Nvidia's fell 2.21% during the trading session.
The shifts in the pecking order of tech leaders in the so-called Magnificent 7 stocks comes as investors are looking at stocks beyond the obvious winners of the AI race like Nvidia, which has held the title of largest market cap for nearly a year. Apple's move on Friday briefly made it the leader for the first time since April 2025.
Investors are considering the costs and benefits of companies spending to build AI models and data centers used to power them, as well as the means at their disposal to turn AI tools into meaningful revenue drivers.
APPLE TO WORK WITH INTEL ON US CHIP DESIGN AND PRODUCTION, TRUMP SAYS
"Apple was seen as a laggard in the AI race because it wasn't spending to develop models, but now sentiment has changed," said Toni Meadows, head of investment at BRI Wealth Management.
"Apple is less exposed to capex intensity and better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades. The re-rating reflects confidence in earnings durability rather than speculative AI upside," Meadows added.
The market is expected to see more options in the AI space become available for investors this year, with the anticipated IPOs of Anthropic and ChatGPT-maker OpenAI.
JENSEN HUANG SAYS NVIDIA'S NEW RTX SPARK CHIP WILL REINVENT THE PC
South Korea's SK Hynix also listed on the Nasdaq earlier this month, bringing another memory chipmaker into the consideration of investors evaluating the AI space.
Hynix's move followed the success Micron has enjoyed this year that lifted the chipmaker above $1 trillion in market cap.
"The new entrants to the market could spread out the focus away from the pure Magnificent Seven names into a wider number of names," said Benjamin Hall, VP of alpha research at Segal Macro Advisors.
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Reuters contributed to this report.
https://www.foxbusiness.com/markets/apple-briefly-overtakes-nvidia-worlds-most-valuable-company-amid-ai-investment-doubtsParamount, WBD hit with lawsuit from 12 states, including California, to block mergerA group of states, including California, filed a lawsuit to block the merger between Paramount and Warner Bros. Discovery.{}
A tiny GLP-1 implant is the latest bet to help patients maintain their weight lossVivani Medical is developing an implant of semaglutide, the active ingredient in Novo Nordisk's obesity injection Wegovy and diabetes counterpart Ozempic.{}
Judge delays ruling on California's bid to freeze Paramount's $111B takeover of Warner Bros. DiscoveryA federal judge will rule by July 22 on California's request to temporarily freeze Paramount's planned takeover of Warner Bros. Discovery over antitrust claims.
A judge on Friday declined to issue a ruling from the bench regarding California’s request for a temporary restraining order freezing Paramount’s planned takeover of Warner Bros. Discovery (WBD)
Paramount CEO David Ellison is seeking to acquire WBD in a $111 billion deal that was expected to close during the third quarter of this year, but California Attorney General Rob Bonta is leading a group of 12 state attorneys general who filed a lawsuit challenging the merger. The lawsuit claims the megadeal would "lead to higher prices, lower quality, and less content for film and television, harming movie theaters, basic cable distributors, and ultimately, audiences on every sofa and movie theater seat in the U.S."
The lawsuit, filed in the U.S. District for the Northern District of California, claims that the merger violates Section 7 of the Clayton Act, which holds that mergers that may substantially lessen competition or tend to create a monopoly are illegal.
A TRO hearing on Friday got deep into antitrust law, with Paramount arguing the merger would actually increase competition while the state insists that combining two major Hollywood studios would hurt the industry while giving too much power to the company.
District Judge Araceli Martínez-Olguín promised to issue a ruling by July 22.
Paramount is seeking to move forward as soon as possible to avoid exorbitant ticking fees, a term for charges that accrue as the merger is delayed. Reporters were prohibited from taking photos or video of the hearing.
WARNER BROS DISCOVERY SHAREHOLDERS APPROVE PARAMOUNT SKYDANCE DEAL
The Justice Department (DOJ) announced last week it has closed its antitrust investigation into Paramount Skydance's proposed acquisition of WBD, concluding the transaction is not likely to harm competition or American consumers.
The Antitrust Division said its eight-month review examined more than two million documents and found the deal could strengthen competition across the media and entertainment industry, including in streaming video, traditional television and theatrical film distribution. However, state attorneys general retain independent authority under antitrust laws.
Ellison, the son of billionaire Oracle co-founder Larry Ellison, took control of Paramount last year when Skydance Media and Paramount Global completed an $8 billion merger. Adding WBD to his portfolio would make the younger Ellison one of Hollywood’s most powerful people.
Paramount fired back Monday shortly after the complaint was filed, saying the lawsuit "reflects a fundamentally flawed application of the antitrust laws and is wrong on both the facts and the law."
"We will vigorously defend the transaction and demonstrate that this challenge is inconsistent with sound competition policy and the competitive realities of the media marketplace. Delaying this transaction will only harm entertainment workers who have already suffered over recent years as technology has disrupted their livelihood and cost California tens of thousands of entertainment jobs," a Paramount spokesperson said in a statement to Fox News Digital.
"The combination of Paramount and WBD will create a stronger, well-capitalized, creative-first media company that is better positioned to compete with companies like Netflix that have come to dominate the industry for audiences, premium content, and creative talent," the spokesperson continued. "Put simply, any attempt to block this transaction undermines the very principles antitrust law is designed to promote: more competition, more choice for consumers, and more opportunities for creators and workers."
https://www.foxbusiness.com/media/judge-delays-ruling-californias-bid-freeze-paramounts-111b-takeover-warner-bros-discoveryHyundai recalls nearly 48,000 SUVs over seat belt issue that could increase crash injury riskHyundai is recalling nearly 48,000 Kona SUVs after discovering a rear center seat belt buckle defect that could increase the risk of injury in a crash
Hyundai is recalling more than 47,000 Kona SUVs in the U.S. after discovering a defect with the rear center seat belt buckle that could increase the risk of injury in a crash.
The recall covers 47,749 vehicles, including certain 2025 Hyundai Kona Electric and 2026 Hyundai Kona models, according to documents posted by the National Highway Traffic Safety Administration (NHTSA).
The rear center seat belt buckle may fail to properly restrain an occupant during a crash, the automaker said.
"A seat belt buckle that fails to properly restrain an occupant in a crash increases the risk of injury," NHTSA said in its recall notice.
Hyundai is advising owners not to use the rear center seating position until the recall repair has been completed.
The recall affects 47,733 model-year 2026 Kona SUVs and 16 model-year 2025 Kona Electric vehicles.
HYUNDAI RECALLS MORE THAN 54,000 ELANTRA HYBRIDS OVER POTENTIAL FIRE RISK
According to recall documents, Hyundai's supplier, Joyson Safety Systems, notified the automaker in February that testing identified a potential problem with the rear center seat belt buckle used in the Kona.
Joyson determined the issue may have resulted from inadequate inspection controls that allowed metal stamping dies used to manufacture the buckles to remain in service beyond their intended lifespan, leading to excessive wear.
Although there have been no confirmed crashes, injuries, fires or other incidents related to the issue, Hyundai said it decided to conduct the recall "out of an abundance of caution."
Dealers will replace the rear center seat belt buckle assembly free of charge. Hyundai also said it will reimburse owners who previously paid out of pocket to repair the issue.
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Owner notification letters are expected to be mailed Sept. 11. Owners with questions can contact Hyundai customer service at 1-855-371-9460 and reference recall number 306. The NHTSA recall number is 26V452000. Vehicle identification numbers became searchable on NHTSA.gov beginning July 15.
A representative for Hyundai did not immediately respond to FOX Business' request for comment.
https://www.foxbusiness.com/lifestyle/hyundai-recalls-nearly-48000-suvs-seat-belt-issue-increase-crash-injury-riskPrivate chef salaries reach $300,000 as the rich seek their own Michelin starsDemand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached records, according to Morgan & Mallet.{}
Delta expects higher airfare to last, bringing 2026 profit goal in reach, CEO saysDelta is the first of the U.S. airlines to report second-quarter results.{}
Airlines warn changing daylight saving time would disrupt schedulingAirlines for America warns that permanent daylight saving time would disrupt crew scheduling, aircraft positioning, and global connectivity networks.
Airlines are warning that changes to existing practices around Daylight Saving Time (DST) would have a major impact on the industry and that changes would need to be implemented over time to account for challenges it would create for scheduling.
Airlines for America (A4A), a trade group that represents leading air carriers in the U.S., released a statement this week which warned that changes to DST "would have considerable implications for aviation, including passenger disruption, crew and aircraft positioning, and domestic and international connectivity issues."
"Airlines operate expansive interconnected domestic and global networks that are reliant on stability and predictability. Any changes would need an implementation timeline that reflects these global complications," the group said.
The warning came as the House on Tuesday advanced the Sunshine Protection Act, which would allow states to voluntarily observe DST throughout the year and end the twice-annual clock changes, on a bipartisan 308-117 vote that sent the legislation to the Senate.
HOUSE PASSES DAYLIGHT SAVING TIME REFORM AS TRUMP SIGNALS SUPPORT FOR ENDING CLOCK CHANGE
The bill faces uncertainty in the Senate, though President Donald Trump is expected to sign the bill into law if it reaches his desk, as the White House has urged lawmakers to support the legislation.
Most states currently follow the practice of "springing forward" in March by moving the clock forward an hour into Daylight Time, and then "falling back" by an hour in November into Standard Time.
Arizona and Hawaii are the only two states who don't participate in that practice, while 20 states have approved legislation that would see them remain on DST permanently if authorized to do so by Congress.
DAYLIGHT SAVINGS: IT'S ABOUT THE SUNLIGHT
Proponents of permanent daylight saving time argue it would eliminate the disruptions caused by switching clocks twice per year and boost tourism and outdoor activities with more sunlight in winter evenings.
Critics have argued that the earlier sunrises and sunsets of permanent standard time would better align with circadian rhythms, and would prevent situations when the sun may rise after 9 a.m. in the winter.
TRUMP CHAMPIONS BID TO NIX CLOCK CHANGES BY ADOPTING PERMANENT DAYLIGHT SAVING TIME
The American public remains broadly opposed to the current practice of changing the clock twice a year, as an AP-NORC survey released in December found just 12% of respondents were in favor of the current system, while nearly half were opposed. The remaining 40% had no opinion.
The survey also asked about possible reforms and found that 56% of Americans would prefer to make daylight saving time permanent with more light in the evenings and less in the morning, while about 4 in 10 would rather make standard time permanent to have more light in the morning and less in the evening.
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Fox News Digital's Adam Pack contributed to this report.
https://www.foxbusiness.com/politics/airlines-warn-changing-daylight-saving-time-would-disrupt-schedulingYoung millionaire reveals the wealth-building lessons he learned from billionairesThe young entrepreneur behind 'School of Hard Knocks' shares his strategy for turning a content creator business into multiple revenue streams.
Young entrepreneurs are increasingly turning social media audiences into full-scale businesses, using digital content to build subscription communities, marketing firms and investment portfolios instead of relying on a single source of income.
"School of Hard Knocks" co-founder James Dumoulin joined FOX Business' Stuart Varney on "Varney & Co." to explain how he has grown the company into a media platform with 26 million followers while expanding into multiple revenue streams.
Dumoulin said his strategy is built around creating a business that generates value in several different ways instead of relying solely on advertising revenue.
"So what we did is we looked at our core business of having one of the biggest business media channels in the entire world... What are all the different ways that we can make money off this thing?" Dumoulin said.
GEN Z BREAKS ULTIMATE TABOO BY POSTING SALARIES ONLINE
He said one lesson has stood out after spending time with successful entrepreneurs.
"Concentration builds wealth, diversification keeps it," Dumoulin said. "In our case, we became so good at one thing... And we diversified into other efforts."
The 24-year-old said his focus remains on growing the media business while adding new ventures, including a marketing agency, a consulting company and investments.
Dumoulin also shared advice for younger people hoping to build wealth, stressing that long-term success requires consistent daily action.
TEEN INVESTOR BOOM: WHY WALL STREET IS CHASING YOUNGEST GENERATIONS EARLIER THAN EVER
"Macro patience and micro urgency is one of the most important concepts that you need to master in today's world," he said. "Billionaires take action on a daily basis."
The 24-year-old said anyone willing to adopt that approach has the potential to achieve similar success.
"I have no doubt that you'll be a millionaire one day at 24 years old like myself," Dumoulin said.
https://www.foxbusiness.com/media/young-millionaire-reveals-wealth-building-lessons-learned-from-billionairesFlorida's Palm Beach airport renamed for TrumpPalm Beach International Airport is now called President Donald J. Trump International Airport, the FAA said Thursday.{}
Goldman Sachs wins $70 billion in asset management deals with Verizon, Lockheed MartinCompetition in the multitrillion-dollar market for retirement assets is fierce among managers such as Goldman Sachs, BlackRock, Russell Investments and Mercer.{}
Ohio man sues Taco Bell franchisee, claiming cyclospora infection left him sick for 2 weeksAn Ohio man's lawsuit claims he contracted cyclosporiasis after eating at a Taco Bell in North Olmsted, missing two weeks of work due to illness.
An Ohio man is suing a Taco Bell franchisee over the cyclosporiasis outbreak after eating at one of the chain's restaurants in the Cleveland area and becoming ill.
Mohammed Ayyad's lawsuit claims that he ate two meals involving items he ordered regularly from a Taco Bell in North Olmsted, Ohio, on June 14, and another meal on June 21 that also involved multiple orders of cheesy fiesta potatoes and avocado ranch chicken stackers.
Ayyad began experiencing symptoms of a cyclospora infection on June 23 and worsened from a fever to include diarrhea and vomiting over the next day, the lawsuit alleges. He remained ill through July 2 and went to a healthcare provider, providing a stool sample confirmed on July 9 that he contracted cyclosporiasis that was then treated with antibiotics, but missed two weeks of work.
The suit claims that the Taco Bell franchisee, Pacific Bells LLC, sold defective food products to Ayyad, who is seeking damages for pain and suffering, medical and pharmaceutical expenses, lost wages and emotional distress.
FDA SAYS TACO BELL TO STOP USING LETTUCE SUPPLIER LINKED TO MULTISTATE PARASITE OUTBREAK
FOX Business reached out to Taco Bell for comment on the lawsuit.
The Centers for Disease Control and Prevention (CDC) on Thursday posted an update into the cyclospora outbreak which noted it and other public health agencies are investigating infections linked to shredded iceberg lettuce served at Taco Bell locations in five states – including Indiana, Kentucky, Michigan, Ohio and West Virginia.
CDC's update noted there have been 1,644 cyclospora infections recorded in relation to the outbreak with exposure to Taco Bell over the five states, with illness dates ranging from May 13 to July 13. There have been 94 hospitalizations and no deaths have been reported, per the agency.
TACO BELL INVESTIGATED AS LETTUCE EMERGES AS POSSIBLE SOURCE OF CYCLOSPORIASIS OUTBREAK
The update added that the true number of sick people in the outbreak "is likely higher than the number reported, and the outbreak may not be limited to the states with known illnesses." That's because some people will recover without medical care and aren't tested cyclospora, while other recent illnesses may not have been reported yet because it can take up to six weeks to determine if a sick person is part of the outbreak.
The Food and Drug Administration (FDA) identified a single supplier of shredded lettuce from Mexico used at the Taco Bell locations where sick people ate before becoming ill.
The FDA is looking to determine if the shredded iceberg lettuce went to other places, and is working with the supplier to determine if potentially contaminated lettuce remains on the market, while Taco Bell said it would stop using lettuce from the supplier.
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Taco Bell said in a statement provided to FOX Business on Thursday that, "Based on ongoing conversations with public health officials, and out of an abundance of caution, Taco Bell has taken immediate action to voluntarily remove potentially impacted lettuce from a supplier in select states. The affected ingredient from our supplier is being indefinitely removed from our supply chain nationwide and will be replaced within 24 hours in select states."
"While no official advisory has been issued, we believe public health is a shared responsibility among restaurants, their suppliers, and authorities, and we are proud to have consistently acted quickly and proactively to protect our guests. Taco Bell has taken precautionary action, and we encourage all relevant restaurants, retailers, and foodservice operators to do the same," the company added.
https://www.foxbusiness.com/lifestyle/ohio-man-sues-taco-bell-franchisee-cyclospora-infection-left-him-sick-2-weeksApple hit with lawsuit claiming iCloud+ privacy tool could expose users’ real emails to websitesApple is facing a possible class action lawsuit over charging people for an allegedly faulty feature that is supposed to hide customers' email addresses from data brokers and online advertisers.
Apple is facing a proposed class action lawsuit alleging its "Hide My Email" feature failed to conceal users’ real email addresses from websites and apps.
The complaint, filed Wednesday in federal court, also claimed Apple was aware the feature, introduced in 2019, was not working as early as last summer and did not take sufficient action to fix it.
The alleged issue still has not been remedied, according to the suit, even as Apple continues to claim "Hide My Email" generates "unique, random email addresses" that forward to a user’s personal inbox so their real email address is "kept private."
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"A vulnerability in the implementation of Hide My Email allows almost anyone, without elevated privileges or insider access, to link a Hide My Email alias back to the user’s real email address. Independent testing found that 100% of the aliases examined were exploitable," according to the lawsuit.
Apple offers "Hide My Email" in two ways: through Sign in with Apple, where users can mask their address when creating accounts online, and through paid iCloud+ subscriptions, which let users generate private relay addresses more broadly.
The lawsuit was filed by Anthony Alvarez, a San Diego resident who claims he was "one of the millions of customers" who paid for an iCloud+ subscription with the expectation that his email address would be kept private.
The feature, as advertised, protects users from spam emails, stops their data from being sold to data brokers and prevents their information from being exposed in a third-party data breach.
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A security researcher found a flaw in the feature in June 2025 and reported it to Apple, per the lawsuit.
One month later, Apple acknowledged the bug and by March, Apple said it had "addressed the reported issue in a recent system change," the lawsuit said.
After the researcher told Apple the bug was still present, the company said in May that it would release a patch within a few weeks, according to the suit.
That never happened, the lawsuit said, which prompted the researcher to go public about the "Hide My Email" vulnerability.
If the judge agrees that thousands — or potentially millions — of people were affected by the alleged security flaw, the lawsuit could move forward as a class action.
The lawsuit does not demand a specific dollar amount in compensation but seeks money for customers who paid for Apple privacy protections that allegedly did not work as promised.
Fox News Digital reached out to Apple for comment on the lawsuit.
https://www.foxbusiness.com/technology/apple-hit-class-action-claiming-icloud-privacy-tool-exposed-users-real-emails-websitesJune home sales disappoint as prices reach an all-time highHome sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.{}
PepsiCo earnings miss estimates as U.S. consumers tighten their budgetsPepsiCo reported weaker-than-expected quarterly earnings despite strong international demand.{}
New bipartisan plan seeks to prevent Social Security benefit cuts before trust fund depletionThe bipartisan PROMISE Act forces a floor vote on Social Security reform before the trust fund's 2032 depletion triggers a 22% cut to Americans' benefits.
A ticking clock on Social Security solvency has prompted a bipartisan coalition of senators to introduce legislation aimed at preventing automatic, across-the-board benefit cuts for more than 70 million Americans.
Called the Protecting Retirement Opportunities and Maintaining Income Security for Everyone (PROMISE) Act, the bill establishes a procedural process designed to require congressional votes on a long-term Social Security solvency plan before the retirement trust fund's projected depletion in 2032 triggers an automatic 22% reduction in monthly benefits. The legislation calls for an independent bipartisan advisory committee to develop recommendations intended to restore the program's solvency for at least 50 years.
"Here is our chance to agree on a bipartisan process to rescue Social Security this year," Senate Democratic Whip Dick Durbin, D-Ill, said in a press release. "Our bipartisan proposal opens Congress to debate this issue in a transparent, fair, and bipartisan way. We were elected to solve problems — and there’s no greater problem than the solvency and future of Social Security."
"Millions of Americans rely on Social Security to live. In 6 years, those families will see a 22% cut to their benefits if Congress doesn’t act. Our plan starts the process of preserving promised benefits for current retirees and the next generation of Americans," Sen. Bill Cassidy, R-La., said alongside Republican Sens. Thom Tillis, R-N.C.; John Cornyn R-Texas; and Alan Armstrong, R-Okla.
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While multiple legislative proposals to secure Social Security's trust funds have been introduced over the years, virtually none have advanced to a floor vote.
The PROMISE Act establishes a strict procedural timeline, requiring the Social Security Advisory Board (SSAB) to submit a proposal designed to restore Social Security solvency for at least 50 years. The bill also requires the House and Senate majority leaders to introduce the proposal, and if they fail to do so, any member of Congress may introduce it.
The proposal would then be referred to the House Ways and Means Committee and the Senate Finance Committee. If the committees do not report it, the legislation would automatically be discharged to the House and Senate calendars for floor consideration.
Final passage would require a simple majority vote in the House and a three-fifths majority in the Senate.
"Social Security is on an unsustainable path that will lead to dramatic benefit cuts for retirees and growing skepticism among workers paying into a program on the brink of insolvency. With each passing year, the menu of options that preserve benefits and limit tax hikes narrows. The modest reforms Congress contemplated in 2010 would have put Social Security on solid footing for 75 years; today, those same reforms would add less than two years to our current runway," Sen. Tillis said. "I won’t pretend there’s consensus on how we solve this, but the math is unforgiving: the longer Congress waits to act, the fewer good options remain."
"For nearly a century, Social Security has been a lifeline that allows Americans to retire with dignity. Congress should not wait around until the last minute to shore up this critical program and prevent broad-based benefit cuts upon Trust Fund depletion," Sen. Tim Kaine, D-Va., said in support of the bill.
"That’s why I’m joining a bipartisan group of my colleagues in introducing legislation that will encourage Congress to roll up its sleeves and find a path forward to ensure current and future generations of retirees and their families are able to receive the benefits they have earned and which they are owed," he continued.
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The nonpartisan Committee for a Responsible Federal Budget voiced support for the bill: "The PROMISE Act would establish a thoughtful bipartisan process to help Congress do its job and rescue Social Security before it’s too late… These proposals keep Congress and the public involved in this important process. Hopefully they can give our leaders the kick in the pants they need to start working together to secure Social Security for current and future generations," Committee for a Responsible Federal Budget President Maya MacGuineas wrote.
Based on the current average monthly payout of $2,071, beneficiaries — including seniors and individuals with disabilities — would lose roughly $450 per month if a funding plan is not put in place. Experts estimate this reduction would force over 3 million American citizens into poverty.
https://www.foxbusiness.com/politics/new-bipartisan-plan-seeks-prevent-social-security-benefit-cuts-trust-fund-depletionCostco, Amazon shoppers urged to check their kitchens after appliance recalled over shock and fire hazardsA Panasonic toaster oven sold at major retailers, including Amazon and Costco, was recalled this week over potential safety issues with its power cord.
Panasonic has recalled one of its toaster ovens across the United States and Canada after the company found the appliance posed a risk of electric shock or fire.
The recall covers 11,480 Panasonic Model No. NB-G200 Electric Toaster Ovens sold in the U.S., as well as another 2,184 sold in Canada.
Pansonic said the power cord insulation "can be insufficient due to a protective fiberglass sleeve not covering it adequately, posing a risk of shock and/or fire hazard."
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From October 2024 to April 2026, the toaster oven was sold for about $170 at Costco, on Amazon and through several other online retailers.
Consumers who believe they own the recalled toaster oven can verify the model number by checking the nameplate label on the back of the appliance.
Notices from both the U.S. government and Canada urge customers to immediately stop using the product and return it to Panasonic for a full refund.
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The U.S. Consumer Product Safety Commission said it has received four consumer reports of the toaster oven tripping circuit breakers or outlets. A fifth report noted the toaster simply stopped working.
As of June 15, 2026, Panasonic said it had not received any reports of incidents or injuries in Canada related to the toaster.
Panasonic said in a statement to Fox News Digital that it "had no additional information to share beyond what is included in the public recall announcement at this time."
Costco and Amazon did not immediately respond to FOX Business' requests for comment.
https://www.foxbusiness.com/money/costco-amazon-shoppers-urged-check-kitchens-after-appliance-recalled-over-shock-fire-hazardsTrump's childhood home in NYC finds a buyer after extensive makeoverThe Jamaica Estates house where Trump lived until age 4 found a buyer after being listed at nearly $2 million following a full renovation.
The childhood home of President Donald Trump in New York found a buyer after it was renovated by a real estate developer over the last year.
Located in the Queens borough of New York City, the Tudor-style home was built by the president's father, real estate developer Fred Trump, in the affluent neighborhood known as Jamaica Estates in 1940.
The president lived at the home until the age of 4, when the family moved to a larger home in the neighborhood in 1950, Realtor.com reported.
The home was purchased a little more than a year ago by real estate developer Tommy Lin, who bought it for $835,000 in March 2025, according to PropertyShark records.
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Lin previously told Mansion Global that while his work typically focuses on condos in Brooklyn, the "only reason I took on this project was because it's Trump's childhood house," adding that ordinarily it would be "a little too small for me to do."
At the time of Lin's purchase, the house was in need of upkeep, with issues including a leaking roof, an overgrown yard and feral cats.
Lin worked on the renovation with Jevon Gratineau of Brown Harris Stevens, and they started the renovation with fixes to the interior caused by leaks, along with replacing the roof and windows and adding full insulation. He also redid the home's facade, though it retains its Tudor-style appearance.
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The two largely kept the layout of the 3,400 square foot, five-bedroom home intact from its original design – though they did remove a wall to open the kitchen and living room area.
They also fully finished the interior of the home after originally planning to just make it livable, with Lin telling the outlet he put "double or triple the time and effort" into this project compared to what he would normally work on.
The two told Mansion Global that the total renovation cost was a little over $500,000 – which included higher than expected spending on a new HVAC system as well as the property's gardening.
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The former Trump family home went back on the market late last year when it was listed in November for $2.3 million.
It was delisted by the end of January and relisted briefly in March for $2.2 million. The was relisted in May with a new agent, Joe Zhu of Re/Max Edge, with the most recent asking price just below $2 million.
The home was pending sale as of Tuesday, according to Realtor.com.
https://www.foxbusiness.com/lifestyle/trumps-childhood-home-nyc-finds-buyer-after-extensive-makeoverUnited to offer travelers free flight changes to avoid landing at Trump International AirportUnited Airlines will offer free flight changes to Fort Lauderdale or Miami for customers who object to the renamed Donald Trump International Airport.
United Airlines is planning to offer passengers flight changes free of charge to avoid landing at the newly renamed President Donald J. Trump International Airport in Florida, according to an internal memo that appears aimed at customers who object to the airport’s new name.
Passengers who object to landing at the airport — previously Palm Beach International Airport — may be moved to Fort Lauderdale or Miami without having to pay extra, according to an internal memo obtained by Live And Let’s Fly.
"If a customer does not want to fly to the airport, use your empowerment to offer acceptable alternatives such as Fort Lauderdale Airport (FLL) or Miami International Airport (MIA)," the memo to reservation agents reads.
The memo even suggests a response to customers who object to landing at the renamed airport.
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"I understand that you’d rather not fly to this airport anymore. We can look at nearby airports like Fort Lauderdale or Miami instead. Is that an acceptable alternative?" the guidance says.
The agents are directed to process the change as an even exchange, effectively making the flight change free of charge for travelers.
United told FOX Business "the message was poorly worded and not accurate."
"United customers are able to make changes to a ticket without a fee for many reasons," a United spokesperson said. "However, our policy doesn’t allow for changes because of an airport’s name or three letter code."
Fort Lauderdale is roughly 45 miles south of West Palm Beach, while Miami is about 72 miles away, giving passengers alternative access to South Florida without stepping foot at President Donald J. Trump International Airport.
Still, agents are advised to offer an "acceptable alternative," according to the memo, suggesting a flight change remains subject to availability and discretion permitted by the airline.
Airlines generally do not allow complimentary destination changes because a traveler objects to the person an airport was named after.
United is also expected to update its systems as the airport transitions from Palm Beach International Airport to President Donald J. Trump International Airport, according to the memo. The airport’s commercial passenger code is expected to remain PBI until the IATA code changes to DJT on Aug. 18.
This comes after outraged customers flooded the airport’s online contact form with complaints after the airport was renamed last week in honor of the current president.
The airport has said the name change is required by state law and does not affect its ownership, governance or operations.
The airport had posted a message above its comments form acknowledging the name change "may be received in different ways by our passengers."
Many customers who responded to the form were furious about the name change and the airport's disclaimer, with several vowing to boycott the airport, according to NOTUS, which obtained the messages through a public records request.
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"It’s truly entertaining that you had to add a disclaimer to this form explaining the renaming of your airport after our racist, xenophobic, misogynistic 47th president," one person wrote.
Another said, "Hopefully you’ll have plenty of airbags to catch the barfs from people as they drive up."
"How do we continue to get on our knees for such a narcissistic criminal so-called president?" another wrote.
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"I am writing to assure you that as long as you are calling this airport anything closely related to ‘TRUMP’ I will NEVER FLY INTO THERE. NEVER! You have 100% lost all my family’s business. Despicable move!" another added.
While airports have been named after other presidents, including former Presidents John F. Kennedy and Ronald Reagan, Trump is the first to have an airport named after him while he is still in office.
https://www.foxbusiness.com/fox-news-travel/united-offer-travelers-free-flight-changes-avoid-landing-trump-international-airportThe Oil Market Absorbed the War Shock, but Buffers Are Running Low
WASHINGTON DC, July 17 (IPS) - The largest disruption to the global oil market in decades should have sent prices soaring. But after spiking at the start of the war in the Middle East, crude prices soon settled in a range of $90 to $100 per barrel, much lower than many had feared. Why didn’t prices climb higher? The answer is that a combination of factors helped cushion the initial blow. But much of that room has now been used up.
https://www.globalissues.org/news/2026/07/17/43606 {"url":"https://static.globalissues.org/ips/2026/07/liujunrong-iStock_-100x100.jpg"}SERBIA: ‘We Are Becoming an Electoral Autocracy, a System Where the Government Cannot Lose’
CIVICUS discusses the prospects for elections in Serbia with Rasa Nedeljkov, Programme Director at the Center for Research, Transparency and Accountability, a civil society organisation that monitors electoral processes and the rule of law in Serbia.
https://www.globalissues.org/news/2026/07/17/43605 {"url":"https://static.globalissues.org/ips/2026/07/Rasa-Nedeljkov-100x100.jpg"}FDA says Taco Bell to stop using lettuce supplier linked to multistate parasite outbreakThe FDA advised consumers in five states not to eat shredded iceberg lettuce from Mexico served at Taco Bell as the cyclosporiasis outbreak grows.
The U.S. Food and Drug Administration said Thursday that Taco Bell will stop using lettuce from a supplier linked to a multistate cyclosporiasis outbreak, as federal health officials investigate more than 1,600 illnesses across five states.
The announcement came after Taco Bell said earlier Thursday that it had voluntarily removed potentially affected lettuce from a supplier in select states where cases have been linked to the outbreak.
"Based on ongoing conversations with public health officials, and out of an abundance of caution, Taco Bell has taken immediate action to voluntarily remove potentially impacted lettuce from a supplier in select states," Taco Bell Corp. said in a statement provided to FOX Business.
"The affected ingredient from our supplier is being indefinitely removed from our supply chain nationwide and will be replaced within 24 hours in select states," the statement continued.
TACO BELL INVESTIGATED AS LETTUCE EMERGES AS POSSIBLE SOURCE OF CYCLOSPORIASIS OUTBREAK
While the FDA and Taco Bell did not identify the supplier, the agency said its traceback investigation identified a single supplier of shredded iceberg lettuce from Mexico used by Taco Bell locations where infected customers ate before becoming ill.
The Washington Post reported Thursday that investigators have identified California-based Taylor Farms as a potential supplier of the iceberg lettuce identified in the agency’s traceback investigation as part of the outbreak.
FOX Business has reached out to Taylor Farms for comment.
The FDA said it is investigating cases in Indiana, Kentucky, Michigan, Ohio and West Virginia, and advised consumers in those states not to eat shredded iceberg lettuce from Mexico served at Taco Bell restaurants.
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According to the Centers for Disease Control and Prevention(CDC), 1,644 people infected with Cyclospora who reported eating at Taco Bell have been reported across Indiana, Kentucky, Michigan, Ohio and West Virginia. The agency said 94 people have been hospitalized, and no deaths have been reported.
Illnesses tied to the outbreak began between May 13 and July 13, 2026. CDC said the true number of sick people is likely higher and noted that state health departments may report different totals because some include probable cases, while CDC and FDA are reporting laboratory-confirmed cases.
CDC also said it is investigating other cyclosporiasis illnesses nationally that are unrelated to the Taco Bell-linked outbreak.
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According to the CDC, cyclosporiasis is a parasitic intestinal illness that people can contract by consuming contaminated food or water. Symptoms include prolonged watery diarrhea, nausea and other gastrointestinal illness.
Earlier this week, Taco Bell said it removed a limited number of ingredients from some restaurants as a precautionary measure.
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Taco Bell operates more than 8,700 restaurants worldwide and serves more than 40 million customers each week in the United States, according to the company's website.
FOX Business' Kristen Altus and Fox News Digital's Melissa Rudy, along with Reuters, contributed to this report.
https://www.foxbusiness.com/lifestyle/fda-says-taco-bell-stop-using-lettuce-supplier-linked-multistate-parasite-outbreakTarget recalls 200,000 children's sandals over potential choking hazard: CPSCAbout 211,000 Cat & Jack Toddler Girls' Sequerah Sandals were recalled after decorative pearls fell off, posing a choking hazard to young children.
Target is recalling more than 200,000 children's sandals over the potential risk of "serious injury or death" from a choking hazard.
About 211,000 Cat & Jack Toddler Girls' Sequerah Sandals are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced Thursday.
The choking hazard concern is due to the possibility of decorative pearls falling off the shoes.
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"The sandals’ decorative pearls can fall off, posing a risk of serious injury or death from a choking hazard," the CPSC said.
The sandals are tan and have two raffia straps with gold buckles and plastic pearls. The brand name is printed on the soles and bottoms of the shoes.
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The shoes were sold in sizes 5T through 12T.
The sandals were sold at Target stores across the country and online at the retailer's website from January 2026 through May 2026 for about $20.
Target has received 23 reports of pearls falling off the shoes.
No injuries have been reported so far with the recall.
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Consumers are urged to stop using the recalled sandals immediately, keep them away from children and contact Target for a full refund.
https://www.foxbusiness.com/lifestyle/target-recalls-200000-childrens-sandals-over-potential-choking-hazardAs Gold Prices Soar, Communities Pay the Price in Poisoned Rivers, Vanishing Forests and Organized Crime
DAR ES SALAAM, Tanzania, July 17 (IPS) - The sweltering heat inside a London conference hall did not deter Indigenous leader Jackeline Mendoza Díaz from condemning the sheer destruction of the Peruvian Amazon. Her voice occasionally trembled with emotion but delivered a strong message — painting a picture far removed from the glittering gold bars traded in the world’s financial capitals.
https://www.globalissues.org/news/2026/07/17/43604 {"url":"https://static.globalissues.org/ips/2026/07/DSN-1287-100x100.jpeg"}Renewed Hostilities in the Strait of Hormuz Threaten to Compound Global Supply Chain Costs
UNITED NATIONS, July 17 (IPS) - A continuation of hostilities within the Strait of Hormuz is once again threatening one of the world’s most critical supply chain arteries, posing another wave of disruption which could choke the global energy, shipping and commodity markets. With roughly a quarter of global seaborne oil trade transiting through the Strait, alongside significant flows of liquefied natural gas and fertilizers, further constraints on commercial traffic could send new cost pressures cascading through supply chains that have yet to absorb the full effects of the earlier conflict.
https://www.globalissues.org/news/2026/07/17/43595 {"url":"https://static.globalissues.org/ips/2026/07/Map-of-the-Strait_-100x100.jpg"}Toyota hit with lawsuit alleging it secretly tracked drivers after they rejected website tracking cookiesA proposed class action lawsuit accuses Toyota of violating users' privacy preferences by continuing to collect online data after cookie opt-outs, according to the lawsuit
Toyota is the latest company facing a lawsuit over its website's use of online tracking technology — aka cookies — highlighting a growing legal risk for businesses that rely on digital advertising and consumer data.
A proposed class action filed Wednesday in Los Angeles County Superior Court accuses the automaker of continuing to track visitors to Toyota.com even after they declined third-party cookies, allegedly violating California privacy law.
Lead plaintiff Brittany Conner alleges Toyota installed tracking technology on users' devices even though they opted out through the website's cookie consent banner.
According to the complaint, the technology allowed third parties to collect browsing activity, device information, online identifiers and other data used for targeted advertising.
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The lawsuit alleges the tracking relied on a practice known as "fingerprinting," which can identify internet users by combining information about their devices and browsing activity, even when traditional tracking cookies are rejected.
Toyota's website presents visitors with a consent banner offering the option to accept or decline cookies and similar tracking technologies. The lawsuit alleges the company nevertheless deployed tracking tools after users selected "decline."
The case comes as businesses across industries face mounting litigation under the California Invasion of Privacy Act, or CIPA, a 1967 law originally enacted to prohibit wiretapping. In recent years, however, plaintiffs have increasingly used the statute to challenge website tracking technologies and other online data collection practices.
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According to privacy compliance firm OneTrust, more than 800 CIPA lawsuits were filed in 2025, targeting companies over technologies that plaintiffs argue collect consumer data without users' consent.
Several companies have recently resolved similar claims. Forbes Media agreed in May to pay $10 million to settle a proposed "trap and trace" class action, while the Los Angeles Times agreed to a $3.85 million settlement.
DraftKings and the NFL have also been sued over alleged website tracking practices.
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Conner is represented by Pacific Trial Attorneys. The firm did not immediately respond to FOX Business' request for comment.
Toyota did not immediately respond to FOX Business' request for comment.
https://www.foxbusiness.com/technology/toyota-hit-lawsuit-alleging-secretly-tracked-drivers-after-rejected-website-tracking-cookiesLARRY KUDLOW: A new Goldilocks -- Strong growth and falling pricesRapid economic growth is being combined with stable or even disinflating prices
After two great inflation numbers where the level of both consumer and producer prices actually declined in June from the prior month, reported out Tuesday and Wednesday, today we get another big number this time on retail sales — also known as consumer spending.
Core sales have risen 8 percent at an annual rate over the past three months. And the biggest category was online sales, where non-store retailers have jumped by 1.9 percent in June, 1.4 percent in May, 1.5 percent in April, and 21 percent annually for the last 3 months. Those are big numbers.
By the way, car sales are up more than 20 percent annually in the second quarter. Another big number. We will get manufacturing tomorrow, but two booming regional manufacturing reports from New York and Philadelphia have already been reported.
So allow me to modestly redefine the reemergence of a Goldilocks economy. It used to be not too hot and not too cold. Yet that was Wall Street, and I was guilty of it too, suggesting limits to growth that might cause inflation. My new Goldilocks definition is rapid economic growth combined with stable or even disinflating prices.
That is to say, the Phillips Curve is dead. There’s no trade off between growth and inflation. Or between jobs and inflation. Speaking of jobs, weekly initial unemployment claims are rock bottom. Nobody is getting fired, but plenty of folks are being hired.
This is a new Goldilocks, on the supply-side, technologically driven. We’re talking AI, quantum computing, advanced manufacturing, and space technology breakthroughs. At the bottom of all of this is surging productivity — output per person — which is holding down business costs and consumer prices. We saw some of this movie before during the 1990s. Yet we’re seeing it again right now even bigger time.
And we have pro-growth fiscal and monetary policies, including a strong dollar, and a new regime at the Fed, and lower taxes and fewer regulations from the White House. All this is nurturing the new Goldilocks. Pessimists beware, you’re about to get whacked and you won’t even see it coming.
https://www.foxbusiness.com/politics/larry-kudlow-new-goldilocks-strong-growth-falling-pricesThree years of War in Sudan: A Crisis the World Can’t Ignore
GENEVA, July 17 (IPS) - Three years into the war in Sudan, survivors and human rights defenders are struggling to respond to overwhelming needs amid widespread violence, displacement, and limited global attention. As horrific violations and abuses intensify and those documenting them become targets, calls for accountability and sustained international engagement grow more urgent.
https://www.globalissues.org/news/2026/07/17/43596 {"url":"https://static.globalissues.org/ips/2026/07/Human-Rights-Chief-Volker_-100x100.jpg"}Autonomous Weapons: The Wave of the Future in Military Conflicts Worldwide
UNITED NATIONS, July 16 (IPS) - As the international community continues to weigh the good, the bad and the deadly in artificial intelligence (AI), which is spreading far and wide with apparently no guardrails, the United Nations is taking a closer look at the impact, both positive and negative, of AI.
https://www.globalissues.org/news/2026/07/16/43590 {"url":"https://static.globalissues.org/ips/2026/07/UN-Secretary-General-Antonio-Guterres-at-the-launch-of-the-preliminary-report-from-the-UN-Independent-Panel-on-AI.-Credit-_-UN-Photo-_-Mark-Garten-100x100.jpg"}Ikea to close locations in 2 statesIkea customers in Charlotte and Austin will soon have fewer local planning and pickup options as the retailer closes two smaller-format sites.
Ikea shoppers in Charlotte and Austin will soon have fewer options for home design consultations and pickup services.
The Sweden-founded retail giant is closing its South Charlotte and Austin-Domain, Texas, "Plan & order point with Pick-up" locations on Aug. 30, 2026, according to notices posted on the company’s website.
The smaller-format sites allow customers to get help with planning kitchens, rooms and business spaces, while also offering pickup services.
Both locations will remain open for planning appointments until their closure dates, according to Ikea.
7-ELEVEN DETAILS PLANS TO CLOSE 645 STORES
Ikea said the closures are part of its strategy to build a "more affordable, accessible and sustainable future" in the U.S.
"As customer needs evolve, we as Ikea adapt — opening new stores, transforming existing ones, and, when needed, closing locations to reinvest in new formats and capabilities that better reflect how and where people want to meet Ikea today," a spokesperson for Ikea told FOX Business in an email.
"Whether that's in a store, online, through home delivery or at a pick-up point, we are always testing and developing new formats and experiences that bring Ikea closer to the many people."
Customers with existing kitchen, room or business planning projects at either location can finish them before the closure date.
AMERICAN MALL RETAILER WARNS IT MAY CLOSE UP TO 15 MORE STORES THIS YEAR
They can also transfer their projects to another Ikea store or work with an online remote planner, according to Ikea.
Ikea noted that Charlotte-area customers can still shop at the full-size Ikea Charlotte store at 8300 Ikea Blvd. or online at IKEA.com.
Austin-area customers can visit Ikea Round Rock or the Ikea location inside Best Buy South Austin. They can also shop online.
COSTCO ISSUES WARNING NOTICE FOR PLANT DUE TO INVASIVE INSECT INFESTATION CONCERN
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The spokesperson said the company continues to expand its U.S. footprint through "Plan & order point with Pick-up," as well as other smaller-format stores where customers can shop for products to take home.
IKEA recently opened smaller-format locations in Webster, Texas, and Chantilly, Virginia, along with "Plan & order point with Pick-up" sites in San Diego, California, and Newnan, Georgia.
Ikea launched the format in early 2023 as part of a broader push to make shopping more convenient and accessible, according to The Street.
The retailer now has about 32 "Plan & order point with Pick-up" locations across 14 states.
FOX Business reached out to Ikea for comment.
https://www.foxbusiness.com/retail/ikea-close-locations-2-statesIRS raises business mileage deduction rate amid fuel price surgeThe IRS raised its standard business mileage deduction to 76 cents per mile amid surging gas prices linked to the Iran war's disruption of oil flows.
The IRS this week announced changes in the amount taxpayers may deduct in gas used per mile while operating a vehicle for business for the remainder of the year amid higher gas prices.
The tax collection agency noted that the change "results from recent increases in the price of fuel" and will allow for larger mileage deductions for business, medical and moving expense purposes.
Under the revision, the standard mileage deduction rate for business will increase to 76 cents per mile, up from 72.5 cents a mile.
Deductions for medical and moving purposes will also rise to 23.5 cents per mile, rising from the previous rate of 20.5 cents.
The IRS' changes to the mileage deduction are effective starting this month, retroactive to July 1, 2026.
The Journal of Accountancy noted that the IRS' revision is the first midyear adjustment of the standard mileage rate since 2022.
Gas prices surged following the outbreak of the Iran war, which disrupted the flow of oil from the Middle East through the Strait of Hormuz and has contributed to higher gasoline prices at the pump.
DOJ AND FTC PRESS STATES TO TARGET ANY ILLEGAL ACTIVITY CONTRIBUTING TO HIGH GAS PRICES
Data from AAA shows that the national average cost of a gallon of gasoline was $3.943 as of Thursday. That's up from $3.16 a gallon a year ago, which represents an increase of 24.7% over the past year.
There has been some relief for drivers in recent weeks, as the average price of gas is down from $4.044 a gallon a month ago.
Gas prices have been a major factor in inflation rising this year, with the latest consumer price index (CPI) data showing gas prices are up 26.7% compared with a year ago.
BESSENT WARNS GAS STATIONS 'WE'RE WATCHING' AS TRUMP DEMANDS IMMEDIATE PRICE CUTS
That rise is despite CPI inflation data showing a 9.7% decline in gas prices in the month of June as energy flows through the Strait of Hormuz picked up, but further declines will be needed to offset the large increases seen in the first few months of the conflict.
Headline CPI was up 3.5% in June, well above the Federal Reserve's target rate of 2%, which has cast doubt on the ability of the central bank to cut interest rates this year if inflation remains persistently above target.
https://www.foxbusiness.com/economy/irs-raises-business-mileage-deduction-rate-amid-fuel-price-surgeCountries vow faster action on development financing in annual declaration
UN Member States reaffirmed their commitment to the Sustainable Development Goals (SDGs) by adopting a declaration on Wednesday that they will implement reforms to help close the $4 trillion SDG financing gap.
https://www.globalissues.org/news/2026/07/16/43594 {"url":"https://global.unitednations.entermediadb.net/assets/mediadb/services/module/asset/downloads/preset/Collections/Embargoed/04-08-2025-UNDP-Indonesia.jpg/image100x100cropped.jpg"}Full Effects of Strait of Hormuz Disruption May Not Be Felt Until Second Half of 2026
UNITED NATIONS, July 16 (IPS) - The full economic impact of the disruptions in the Strait of Hormuz may not become clear until the second half of 2026, warns the United Nations Conference on Trade and Development (UNCTAD).
https://www.globalissues.org/news/2026/07/16/43584 {"url":"https://static.globalissues.org/ips/2026/07/A-cargo-vessel_-100x100.jpg"}How Farmers Are Learning About Restoring Soils and Scaling Agroecology in Kenya
MAKUENI, Kenya, July 15 (IPS) - At Yumbuni Village in Kenya’s Makueni County, farmers from Vihiga and Kakamega counties have travelled over 560 kilometres to join their colleagues in Kathonzweni Ward and see the progress of experiments being carried out on different homemade organic fertilisers and other farm inputs.
https://www.globalissues.org/news/2026/07/15/43580 {"url":"https://static.globalissues.org/ips/2026/07/RESEARCH-FARMERS-100x100.jpg"}