Tesla will avoid a 30-day suspension of its dealer and manufacturer licenses in California after complying with a state order to stop using the term “Autopilot” when marketing its vehicles, state regulators said Tuesday.

The decision comes after the California Department of Motor Vehicles (DMV) found in December 2025 that Tesla violated state law by misleadingly marketing its electric vehicles with the terms “Autopilot” and “Full Self-Driving.”

The regulator said Tuesday that Elon Musk’s electric vehicle company took “corrective action” and had stopped using the term “Autopilot,” and noted that Tesla already modified its use of the term “Full Self-Driving” by clarifying that driver supervision is required.

CHINA MOVES TO BAN FEATURE COMMONLY SEEN ON TESLA VEHICLES OVER FEAR OF TRAPPED PASSENGERS

“The DMV is committed to safety throughout all California’s roadways and communities,” California DMV Director Steve Gordon said in a statement. “The department is pleased that Tesla took the required action to remain in compliance with the State of California’s consumer protections.”

According to the DMV, Tesla’s Advanced Driver Assistance System (ADAS) marketing materials beginning in 2021 used the terms “Autopilot” and “Full Self-Driving Capability,” along with the phrase, “The system is designed to be able to conduct short and long-distance trips with no action required by the person in the driver’s seat.”

However, the DMV said the vehicles “could not at the time of those advertisements, and cannot now, operate as autonomous vehicles.”

The DMV filed accusations against Tesla’s manufacturer and dealer licenses in November 2023, and the automaker Tesla discontinued use of the term “Full Self-Driving Capability” after noting that the system required driver supervision.

TESLA ENDS PRODUCTION OF MODEL S AND MODEL X VEHICLES, WILL FOCUS ON ROBOTS IN 2026

Last year, the California Office of Administrative Hearings held a hearing before an administrative law judge, who issued a proposed decision in November finding that the term “Autopilot” violated state law.

The DMV had given Tesla 60 days to take corrective action. By complying, Tesla avoided a temporary suspension in California — its largest U.S. market.

According to its website, Tesla’s “Autopilot” feature allows vehicles to match the speed of traffic and assists with steering within a marked lane.

The “Full Self-Driving (Supervision)” feature alerts drivers of stop signs and traffic lights, and can slow the vehicle to a stop while approaching the signal, all with driver supervision.

FOX Business reached out to Tesla for comment.

This post was originally published here

Buffalo Wild Wings can keep calling its menu item “boneless wings,” a federal judge ruled Tuesday, dismissing a lawsuit that claimed the name amounted to false advertising.

U.S. District Judge John Tharp in Illinois issued a 10-page ruling allowing the sports bar chain to continue calling its menu item “boneless wings,” after a Chicago man filed a lawsuit accusing the restaurant of false advertising, saying the boneless wings were overpriced because they are essentially chicken nuggets.

While Aimen Halim argued in the lawsuit that Buffalo Wild Wings should call the product something different, like “chicken poppers,” Tharp said the argument had no meat on its bones.

“Halim did not ‘drum’ up enough factual allegations to state a claim,” Tharp wrote. “Though he has standing to bring the claim because he plausibly alleged economic injury, he does not plausibly allege that reasonable consumers are fooled by BWW’s use of the term ‘boneless wings.'”

DURING SUPER BOWL LIX, FANS WILL EAT A STAGGERING AMOUNT OF CHICKEN WINGS

Halim sued Buffalo Wild Wings shortly after he visited the restaurant in January 2023, claiming he was deceived by the chain’s marketing.

Halim alleged that the boneless wings are just “slices of chicken breast meat deep-fried like wings,” and that customers would either pay less for the boneless wings or not purchase them at all if they knew what was in the product.

Halim said he later regretted buying the item after learning how it was made, which he claimed caused him to suffer “a financial injury as a result of defendants’ false and deceptive conduct.”

In his ruling, Tharp said that while boneless wings are “essentially chicken nuggets,” the product concept was not new, noting that Buffalo Wild Wings had sold them since 2003.

RED LOBSTER CONSIDERING MORE RESTAURANT CLOSURES, CEO SAYS

“Boneless wings are not a niche product for which a consumer would need to do extensive research to figure out the truth,” he wrote. “Instead, ‘boneless wings’ is a common term that has existed for over two decades.”

Halim accused Buffalo Wild Wings of violating the Illinois Consumer Fraud Act, breach of express warranty, common law fraud and unjust enrichment.

Tharp also cited an Ohio Supreme Court ruling from 2024, where the court ruled that “[a] diner reading ‘boneless wings’ on a menu would no more believe that the restaurant was warranting the absence of bones in the items than believe that the items were made from chicken wings, just as a person eating ‘chicken fingers’ would know that he had not been served fingers.”

CLICK HERE TO GET FOX BUSINESS ON THE GO

Tharp added that a “reasonable consumer” would not think that the food chain’s boneless wings were “truly deboned chicken wings, reconstituted into some sort of Franken-wing.”

The court is allowing Halim to submit an amended complaint by March 20, although Tharp noted that it “is difficult to imagine” that he can provide additional facts that would demonstrate that Buffalo Wild Wings “is committing a deceptive act.”

FOX Business’ Landon Mion contributed to this report.

This post was originally published here

One in ten Santos employees will be looking for a new job as the oil and gas giant targets cutbacks to “rightsize” the business.
The layoffs would impact around 400 of Santos’ just over 4,000 employees, according to the group’s full year report.
The announcement came as the group posted a 25 percent slump in underlying profit to US$898 million (A$1.3 billion) for calendar 2025, as soft commodity prices weighed.
The headcount reduction will follow major projects Barossa and Darwin LNG moving from the growth phase to part of Santos’ core business.
“As these major growth projects come to an end and become a part of the base business, and as we deliver on our cost savings objectives, we are targeting a headcount reduction of around 10 percent, rightsizing the business,” CEO and managing director Kevin Gallagher said in a statement….

This post was originally published on this site.

Federal regulators warned Friday that a multistate outbreak of a highly drug-resistant salmonella infection has been linked to moringa powder, a nutrient-dense plant supplement that has recently surged in popularity as a trendy “superfood.”

The Food and Drug Administration (FDA) conducting a traceback investigation said the outbreak has been linked to certain Rosabella-brand capsules distributed nationwide by Ambrosia Brands LLC.

Moringa powder, used for medicinal and dietary purposes, is made from the dried leaves of the Moringa oleifera tree, which is native to India and often referred to as the “miracle tree.”

At least seven people across seven states were infected with the outbreak strain between Nov. 7 and Jan. 8, according to the Centers for Disease Control and Prevention (CDC). Regulators said cases were reported in Washington, Arizona, Iowa, Illinois, Indiana, Tennessee and Florida.

SALMON SOLD AT BJ’S WHOLESALE CLUB RECALLED OVER POTENTIAL LISTERIA CONTAMINATION

Three people were hospitalized, and no deaths have been reported.

The FDA said investigators have interviewed three infected individuals, all of whom reported consuming the capsules.

Regulators emphasized that the salmonella strain linked to the outbreak is resistant to all first-line and alternative antibiotics commonly used to treat salmonella infections. 

The FDA also announced that Ambrosia Brands LLC has agreed to recall certain lots of Rosabella-brand moringa powder capsules from the market.

SOME GIFT CARDS SOLD AT COSTCO ARE NOW WORTHLESS

The products were sold nationwide through Ambrosia Brands’ direct-to-consumer website, TikTok Shop and Amazon.

The company emphasized that none of the affected lots were sold by them on Amazon and that it does not have any authorized resellers on the platform.

They added that some unauthorized third-party sales to consumers may have occurred through eBay, Shein or other websites.

The recalled products are 60-count capsule bottles with expiration dates ranging from March 2027 to November 2027.

Lot codes include 5020591, 5020592, 5020593, 5020594, 5020595, 5020596, 5030246, 5030247, 5030248, 5030249, 5030250, 5030251, 5040270, 5040271, 5040272, 5040273, 5040274, 5040275, 5040276, 5040277, 5040278, 5040279, 5050053, 5050054, 5050055, 5050056, 5060069, 5060070, 5060071, 5060072, 5060073, 5060074, 5060075, 5060076, 5060077, 5060078, 5060079, 5060080, 5080084, 5080085, 5080086, 5090107, 5090108, 5090109, 5090113, 5090114, 5090115, 5090116, 5090117, 5090118, 5100039, and 5100048.

MORE THAN 191,000 AROEVE AIR PURIFIERS RECALLED OVER OVERHEATING, FIRE RISK

“We continue to diligently investigate, in collaboration with FDA, this possible link of the salmonella outbreak to Rosebella Moringa Capsule,” the company said in a statement. “We have discontinued use and purchase of all raw moringa leaf powder from the raw material supplier of the above referenced lots.” 

“Ambrosia Brands is conducting this recall voluntarily and takes this matter very seriously,” it added. “We apologize for the inconvenience and concern this recall may cause our customers.”

The company advised that consumers who purchased the lots should dispose of the product and not consume, sell or distribute it.  

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Salmonella is an organism that can cause serious and sometimes fatal infections within 12 to 72 hours of ingesting in young children, elderly people and those with weakened immune systems. 

Healthy people with the infection can often experience fever, diarrhea, nausea, vomiting and abdominal pain. In more serious and rare circumstances, the organism can get into the bloodstream and produce more severe illnesses such as arterial infections, endocarditis and arthritis.

This post was originally published here

Americans set a new record for domestic air travel in 2025 even as travel patterns shifted, a new analysis found.

AAA Northeast examined several years of Transportation Security Administration (TSA) checkpoint data and found that over 904 million travelers went through a TSA checkpoint last year, an increase of 2.57 million passengers compared with 2024.

That figure marks a new annual record for domestic air travel, though the year-over-year increase was under 1% growth – much cooler than in prior years.

By comparison, the number of passengers going through TSA checkpoints was up 5.3% in 2024 from 2023, which had a 13% growth from 2022.

FRIDAY FLIGHTS NOW CHEAPEST AS TRADITIONAL TRAVEL BOOKING WISDOM DIES ACCORDING TO NEW DATA

Fewer travelers flew on Mondays and Tuesdays in 2025, with passenger volume declining by 0.39% and 3%, while more travelers caught flights on Thursdays and Sundays with growth of 1.89% and 1.87%, respectively.

AAA’s report noted that the data could reflect “softness in business travel early in the workweek and continued strength in leisure travel, which tends to occur closer to weekends.”

The data also showed that 2025 had lower passenger volumes in the first part of the year when compared with 2024, with four of the first six months of last year showing declining growth compared with 2024.

TRAVELERS WITHOUT REAL ID ARE ABOUT TO BE HIT WITH A TSA FEE

January 2025 saw passenger volumes rise by 1.75%, though February experienced a 2.97% decline. A 0.17% decline in March and 0.23% gain in April were followed by declines of 1.48% in May and 0.45% in June.

Passenger volumes rebounded around the Fourth of July holiday, with the month of July seeing 1.16% growth, and the momentum carried over through October when volumes were up 3.63% year-over-year.

The holiday travel season was slightly slower in 2025 than in 2024, as volumes were down 0.15% in November and 0.08% in December. AAA suggested the decline could’ve been due to the effects of the government shutdown, although it added that travel during the actual shutdown was 2.2% higher than the prior year after a 6.2% decline in the final shutdown’s final week.

SOUTHWEST OFFICIALLY ENDS LONGSTANDING OPEN-SEATING MODEL, BEGINS PLUS-SIZE PRICING CHANGE

AAA also noted that there was an uptick in the number of extremely busy days with over 3 million passengers passing through TSA checkpoints. 

There were eight such days in 2025, as May 23, June 22, July 6, July 13, July 20, July 27, Oct. 10 and Nov. 30 all saw passenger volumes top 3 million. By contrast, there were only two such days in 2024: July 7 and Dec. 1.

TSA also set the record for largest passenger volume twice in 2025: June 22 had 3.09 million passengers screened, while Nov. 30 broke the new record with 3.13 million passengers.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

This post was originally published here

Major fast-fashion retailer Shein has been officially banned from the University of Texas at Austin, one of the nation’s largest college campuses.

The move follows Gov. Greg Abbott’s January expansion of a 2022 directive, which now prohibits roughly 50 Chinese-affiliated companies, including Alibaba and Temu, from state devices due to cybersecurity and foreign interference concerns.

The University of Texas at Austin confirmed to FOX Business Tuesday that the state’s prohibited technologies list also extends to the campus Wi-Fi networks.

“This policy is intended to ensure compliance with the new regulations as well as enhance awareness of potential security risks and safeguard sensitive state and university data,” the school said, according to its website.  

TEXAS GOV ABBOTT ADDS POPULAR CHINESE ELECTRONICS, ONLINE SHOPPING COMPANIES TO ‘PROHIBITED’ TECH LIST

The campus ban on Shein — which surged into a multibillion-dollar global fast-fashion powerhouse in recent years by offering trendy clothes at hyper-affordable prices — has since received mixed reactions on social media.

While some expressed frustration over the change, others criticized Shein for its controversial manufacturing ethics and labor practices.

TEXAS THE LATEST STATE WITH A LAW BANNING FOREIGN ADVERSARIES FROM BUYING REAL ESTATE

Texas Attorney General Ken Paxton announced in December that his office is investigating the e-commerce site for “potential violations of Texas law related to unethical labor practices and the sale of unsafe consumer products,” while also citing concerns over possible toxic and hazardous materials.

In December 2022, Abbott directed agency leaders to immediately ban employees from using TikTok and other Chinese-owned platforms on government-issued devices, calling them a “threat to Texas’ cybersecurity.”

SWALWELL CAMPAIGN IN THE HOT SEAT AFTER ACCEPTING ALMOST $15K FROM CCP-TIED LAW FIRM: ‘STOP PLAYING FOOTSIE’

UT Austin later effectively blocked the popular social media app from its campus network in compliance with state regulations.

In January, Governor Abbott added 26 additional companies to the list of prohibited technologies, including artificial intelligence tools, e-commerce sites, and social media apps affiliated with the People’s Republic of China and the Chinese Communist Party.

Among the 54 prohibited sites, the banned companies include social media platform RedNote, AI platform DeepSeek, electronics giant Xiaomi, Alipay, and Baidu, China’s equivalent of Google.

“Rogue actors across the globe who wish harm on Texans should not be allowed to infiltrate our state’s network and devices,” Abbott said in a statement.

“Hostile adversaries harvest user data through AI and other applications and hardware to exploit, manipulate, and violate users and put them at extreme risk. Today, I am expanding the prohibited technologies list to mitigate that risk and protect the privacy of Texans from the People’s Republic of China, the Chinese Communist Party, and any other hostile foreign actors who may attempt to undermine the safety and security of Texas.”

This post was originally published here

Palantir Technologies announced Feb. 17 it had moved its headquarters to Miami, five years after moving out of California to Denver.
The $317 billion company specializing in artificial intelligence software issued a short announcement with few details.
“We have moved our headquarters to Miami, Florida,” Palantir posted on X around 7:30 a.m.
Palantir’s stock rose about 1 percent on Tuesday.
The Florida Council of 100, a nonprofit business leaders group, welcomed the announcement.
“Palantir’s decision to relocate its headquarters to Florida’s Gold Coast is a powerful validation of where growth is happening in America,” said Michael Simas, president and CEO of the council. “Florida is building the platform for the next generation of high-wage industries.”…

This post was originally published on this site.

Warehouse club Costco is issuing a recall for certain gift cards sold at its locations nationwide.

The retailer said in a letter to members that customers who purchased Synergy restaurant gift cards between Oct. 27, 2025, and Jan. 26, 2026, are eligible for a refund for the remaining card balance.

The recall comes after Synergy World, a gift and loyalty card company, abruptly shut down last month after filing for Chapter 7 bankruptcy protection. As a result, its gift cards can no longer be redeemed, leaving some consumers holding unusable balances with little immediate recourse.

SOME GIFT CARDS SOLD AT COSTCO ARE NOW WORTHLESS

Synergy’s gift cards were third-party products. While they were sold at Costco and redeemable at hundreds of participating restaurants nationwide, the cards were issued and managed by Synergy – not Costco or the restaurants themselves.

SALMON SOLD AT BJ’S WHOLESALE CLUB RECALLED OVER POTENTIAL LISTERIA CONTAMINATION

Once Synergy shut down, the cards effectively became worthless.

“One of the biggest lessons that people should learn from this is that gift cards should be used sooner rather than later,” Matt Schulz, LendingTree’s chief consumer finance analyst, told FOX Business. “That’s especially true if the company involved is on shaky footing. However, with any gift card, you’re better off not letting it gather dust. Otherwise, you risk losing it, forgetting about it or just having it lose value. That’s the last thing anyone needs today.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Synergy initially said gift cards would be honored through early February, but later halted redemptions altogether, citing a surge in demand. The total amount of money tied up in unredeemed cards will not be known until bankruptcy filings are made public.

Schulz suggested that consumers keep the gift card’s receipt until it’s been used. That way, the refund process is more likely to be more hassle-free.

He also advised registering the gift card, when possible, which can help if the card gets lost. And, Schulz said paying for a gift card with a credit card can be beneficial to the consumer in the event that there is fraudulent activity that needs to be reported.

This post was originally published here

Trumponomics is booming right now in America and as the president reminds us, we are the hottest economy and the hottest country in the world.

We’re growing by 4 percent or even more. We’ve got booming productivity, vast AI and their data centers. Our advanced chips are the best in the world, we are the dominant energy power.

Our stock markets are making record highs. Private employment is surging. And both the trade and budget deficits are coming down.

That’s a backdrop for Secretary of State Marco Rubio’s superb speech to the Munich Security Conference.

And particularly, when Mr. Rubio says quote “we in America have no interest in being polite and orderly caretakers of the West’s managed decline.”

Mr. Rubio made this very clear by saying America has no interest to operate a global welfare state or atone for the purported sins of past generations.

Nor does America have any interest in the cult of climate change, which unfortunately has caused the deindustrialization of Europe, from which their economies have yet to recover.

This was a brilliant speech by our secretary of state.

Using diplomatic language, he nonetheless gave Europe a spanking, especially on unlimited illegal immigration, and the end of sovereignty for their countries.

Enormous welfare states have prevented adequate defense spending in Europe. And globalism is basically a quote “dangerous delusion.”

He singled out the United Nations, which has played virtually no role in Gaza, the Ukraine, Iran, Venezuela narco-terrorism. And while the UN was failing, America under President Trump took the lead.

Free and unfettered trade failed because so many nations exercise protectionism, subsidies, closing markets all at the expense of America.

Mr. Trump’s trade reciprocity policy is putting an end to this.

Basically Mr. Rubio told the conference to close their borders, regain sovereignty, start re-energizing technology instead of attacking American tech companies, and end their climate cult.

Now, as our head diplomat, he was gracious in referring to our shared heritage from Italian explorers, to English settlers, to French fur traders, to horses, ranches, rodeos, and cowboys from Spain. 

And mindful of the bonds of Western civilization, including  as he put it, Christian faith, culture, heritage, and language.

And the speech was well received. A standing ovation.

Mr. Rubio has had a very big impact as a senator and now as our chief diplomat as secretary of state.

Whether he is going to have a big impact on Europe and other areas remains to be seen. Will they listen to his wisdom?

This post was originally published here

German-based agrochemical company Bayer said on Feb. 17 that its Monsanto subsidiary has submitted a proposed $7.25 billion class‑action settlement over thousands of Roundup cancer lawsuits.
Bayer stated that it would implement a long-term claims program funded by capped annual payments for up to 21 years, “following court approval.” It will be submitted to the Circuit Court of the City of St. Louis.
The settlement is aimed at resolving current and future claims alleging that Monsanto’s Roundup weedkiller causes non-Hodgkin lymphoma and other cancers.
Financing would originate from a combination of senior bonds and an $8 billion bank loan.
The proposal, says Bill Anderson, CEO of Bayer, will provide “an essential path out of the litigation uncertainty and enables us to devote our full attention to furthering the innovations that lie at the core of our mission: Health for all, hunger for none.”…

This post was originally published on this site.

Hyatt Hotels Executive Chairman Thomas Pritzker announced Monday that he is stepping down effective immediately after documents released by the Department of Justice (DOJ) revealed his association with convicted sex offender Jeffrey Epstein.  

The executive, 75, told the company’s board that he will not seek re-election at Hyatt’s stockholder meeting in May, ending his 22-year tenure as chairman. 

Pritzker acknowledged that he exercised poor judgment by failing to distance himself from the disgraced financier, who died in his jail cell in 2019 while awaiting trial on sex trafficking charges, as well as Ghislaine Maxwell, who was also convicted of trafficking minors alongside him.

“My job and responsibility is to provide good stewardship,” Pritzker said in a statement. “Following discussions with my fellow Board members, I have decided, after serving as Executive Chairman since 2004, and with the company in a strong position, that now is the right time for me to retire from Hyatt.”

EPSTEIN DOCS REVEAL HOTEL MAGNATE TOM PRITZKER, KIN OF DEMOCRATIC ILLINOIS GOV

“Good stewardship also means protecting Hyatt, particularly in the context of my association with Jeffrey Epstein and Ghislaine Maxwell which I deeply regret,” he added. “I exercised terrible judgment in maintaining contact with them, and there is no excuse for failing to distance myself sooner. I condemn the actions and the harm caused by Epstein and Maxwell and I feel deep sorrow for the pain they inflicted on their victims.”

Mark S. Hoplamazian will take on the dual role of chairman and chief executive, the company said.

Pritzker, the billionaire hotel magnate and a cousin of Illinois Gov. JB Pritzker, is among the high-profile individuals named in the millions of unredacted documents the DOJ unsealed earlier this year as part of the expanding investigation into the notorious sex trafficker and his ties to numerous prominent business and political figures.

According to the files, Pritzker and Epstein exchanged numerous emails, some of which included attempts to arrange dinner plans and invitations to various events, Fox 32 Chicago reported.

Virginia Giuffre, a prominent Epstein accuser who died in 2025, alleged in a May 2016 deposition that she had one sexual encounter with Pritzker during her abuse. In a January statement to FOX Business, Pritzker’s spokesperson vehemently denied the allegations.

JEFFREY EPSTEIN LIST: COURT UNSEALS NAMES IN GHISLAINE MAXWELL LAWSUIT

Pritzker has served as executive chairman since 2004, during which he helped steer the company through its 2009 public offering and the COVID-19 pandemic in 2020.

“Tom’s leadership has been instrumental in shaping Hyatt’s strategy and long-term growth, and we thank him for his service and dedication to Hyatt,” Richard Tuttle, chair of the board’s nominating and corporate governance committee, said in a statement. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“The Board has engaged in thoughtful succession planning, and we are confident that Mark’s deep knowledge of Hyatt’s business, strong relationships with owners and colleagues, and proven track record as CEO of nearly two decades positions him well to serve as Chairman and continue driving Hyatt’s long-term success.”

FOX Business’ Eric Revell contributed to this report.

This post was originally published here

The European Union has opened an in-depth investigation into online fashion retailer Shein over the sale of illegal items and what it calls the Chinese-owned platform’s “addictive design.”
The probe, announced on Feb. 16 by the European Commission, marks the bloc’s first formal proceeding against the company under the Digital Services Act (DSA), a set of sweeping online regulations that governs nearly all corners of the digital ecosystem, from e-commerce platforms to social media networks.
Brussels said it is investigating the sale of illegal products “including child sexual abuse material,” citing in particular child-like sex dolls that were found on Shein’s marketplace. The company came under scrutiny in France in late 2025 after authorities discovered lifelike sex dolls resembling young girls on the site, along with illegal weapons. The French government moved to suspend access to Shein’s website, but a court blocked the move and instead asked Brussels to step in under the DSA….

This post was originally published on this site.

A critical trust fund that helps finance Social Security benefits is on track to reach insolvency in 2032, when automatic benefit cuts would occur without action from Congress, a new report finds.

The nonpartisan Congressional Budget Office (CBO) released its 10-year budget and economic outlook which projected that Social Security’s Old-Age and Survivors Insurance (OASI) trust fund will be depleted in 2032 as spending outpaces the trust fund’s income – with the gap growing over time.

CBO estimates that spending from Social Security’s OASI trust fund will rise from $1.5 trillion this fiscal year to more than $2.5 trillion in 2036. After accounting for tax receipts and interest income, the projected deficit for the trust fund rises from $207 billion this year to $525 billion in 2032, when the trust fund is depleted, and continues to rise to $691 billion in 2036, assuming full benefits are paid out.

Social Security benefits are funded by payroll tax receipts along with the OASI trust fund, and once the trust fund is tapped out, the federal government would only be able to pay out in benefits what it receives from payroll taxes under the law – meaning benefits would face cuts without action by Congress.

US DEBT SET TO CRUSH WORLD WAR II RECORD AS ANNUAL DEFICITS EXPLODE TO $3T WITHIN DECADE

The CBO explained that “the government would continue to collect excise and payroll taxes designated for the funds, and the funds would continue to make payments. But because the government would not have the legal authority to make payments in excess of receipts, it would no longer be able to pay the full amounts scheduled or projected under current law.”

An illustrative scenario examined by the CBO finds that benefits paid to beneficiaries would be cut by 7% in 2032 and by an average of 28% per year from 2033 to 2036. It also notes that the process for cutting benefits isn’t outlined in federal law, and that different ways of cutting Social Security benefits to match incoming tax revenue would have different implications for the economy and budget.

The Committee for a Responsible Federal Budget (CRFB), a nonpartisan think tank, previously estimated based on a 24% benefit reduction that a typical couple aged 60 today who retires at the time of insolvency would face an $18,400 cut to their annual benefits. 

WHAT ARE THE BIGGEST BUDGET DEFICITS IN US HISTORY?

The threat of insolvency looming over Social Security’s key trust fund comes as spending on the entitlement program is surging amid the aging of America’s population.

Social Security spending as a share of gross domestic product (GDP) averaged 4.5% from 1976 to 2025. It’s projected to rise from 5.2% of GDP this year to 5.9% in 2036. In dollar terms, Social Security spending is estimated at over $1.6 trillion in 2026 and is projected to rise above $2.7 trillion a decade from now.

Mandatory spending programs, including Social Security and Medicare, are key drivers of the rise in federal spending and budget deficits. For the 1976-2025 period, mandatory spending accounted for 11.2% of GDP, but it’s projected to reach 14.2% of GDP this year and rise further to 15% by 2036. 

NATIONAL DEBT SURPASSES $38 TRILLION MILESTONE FOR FIRST TIME IN US HISTORY AS SPENDING SURGES

Expenses from mandatory programs are projected to total $4.5 trillion in 2026, making up the bulk of the federal government’s more than $7.4 trillion in spending this year. A decade from now, mandatory spending is projected to account for over $7 trillion of the $11.4 trillion federal budget.

Discretionary spending, which covers federal agencies through the annual appropriations process in Congress, is expected to total nearly $1.9 trillion in 2026 and rise to $2.2 trillion over the next decade.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Interest expenses incurred from servicing the national debt are also projected to increase from $1 trillion in 2026 to more than $2.1 trillion in 2036.

This post was originally published here

In a move designed to strengthen its global patient diagnostics market, Danaher Corporation, a Washington-based science and technology firm, plans to merge operations with Masimo Corporation, a leading specialty diagnostics company headquartered in Irvine, California.
In its Feb. 17 announcement, Danaher said it will acquire all of Masimo’s outstanding shares of common stock for $180 per share in cash, carrying a total value of nearly $9.9 billion. The deal prices Masimo at nearly 18 times its estimated 2027 earnings before interest, taxes, depreciation, and amortization, according to Danaher.
Danaher indicated it will fund the acquisition using cash on hand and proceeds from debt financing.
“We are excited to welcome the Masimo team to Danaher. We’ve followed this innovative company for many years and see it as an exceptional strategic fit for Danaher.”…

This post was originally published on this site.

The days of booking your flights six months in advance to save a buck are officially over.

According to Expedia’s 2026 Air Hacks Report, the early bird is now getting stuck with the bill, while a new wave of Friday flyers is reaping the rewards.

As domestic airfares tick up 3% this year, a massive shift in travel data reveals that Friday has dethroned the weekend as the cheapest day to both book and fly — saving savvy travelers hundreds on everything from quick trips to Las Vegas to international treks to Tokyo.

“Flight trends are constantly evolving and with Friday emerging as both the busiest day for air travel and also the most affordable, this leads us to believe it is a shift in business class behaviors driving this,” Expedia told Fox News Digital in a statement. “This opens up a great opportunity for leisure travelers [though] to start their weekend trips a day earlier, with Friday more affordable than Saturday departures.”

A NEW WAY OF COMMUTING IS CLOSER TO TAKING OFF IN THE U.S.

The report found that booking a flight on a Friday saves 3% versus booking during the weekend rush. Meanwhile, flying on a Friday versus Sunday can save travelers up to 8%.

August reigns as the most affordable month to fly, saving airline travelers an average of $120 per ticket – 29% cheaper than flying at the same time in December. Flights to Morelia, Mexico, Tokyo, Japan and Honduras are seeing 30%+ year-over-year price declines.

“This is the second year in a row where August has been the most affordable month to fly,” Expedia said. “It seems to be here to stay, so that offers American vacationers a great opportunity to take an affordable, big annual vacation during peak season.”

Domestic first-class fares have plummeted 27% year-over-year, as the report also signals a “micro-cation” boom with 25% of Gen Z and Millennials skipping hotels entirely and opting for 24-hour extreme day trips.

“Business travelers head home earlier in the week these days, so new opportunities are opening up for leisure travelers to save by choosing smarter travel days, like Friday for the best prices or Tuesday for fewer crowds,” Expedia Group Brands public relations head Melanie Fish said in a press release.

“With a year of data from Expedia’s Flight Deals now in – which highlights routes and dates priced at least 20% lower than the norm – July and October are emerging as two of the best months to travel to secure these high-quality fares,” she continued.

Additionally, the online travel agency broke down how to time the flying market and when to book as opposed to when to fly. The alleged “Goldilocks” booking window opens for domestic flights 15 to 30 days out and saves $130 compared to booking six months earlier.

If you’re trying to avoid crowds altogether, per Expedia’s data, Tuesday is the least busy day of the week to fly — with the slowest travel dates in 2026 predicted to be Feb. 25, March 4 and Nov. 18. On the other hand, the busiest dates to fly this year are predicted to be May 22, July 3 and Aug. 29.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“September is still the second most affordable month, so we may see ‘big vacations’ extend into September for those budget-conscious travelers. With December being the most expensive month to fly, that could also lead travelers to shifting their trip types during that month to focus more on domestic stays, road trips or breaks close to home, versus hopping on a plane,” Expedia said.

Airports including Fort Lauderdale, Las Vegas and Orlando were hailed as the affordability kings for having ticket prices 25% below the national average. At Washington Dulles, San Francisco and New York-JFK, you could break your budget by spending 25% or more than national average prices.

READ MORE FROM FOX BUSINESS

This post was originally published here

Cheerios maker General Mills cut its annual sales and profit forecasts, citing weak consumer sentiment and a shift toward healthier and lower-cost food options that are pressuring demand for packaged products.

“Weak consumer sentiment, heightened uncertainty, and significant volatility have weighed on category growth and impacted consumer purchase patterns, resulting in a slower pace and higher cost of volume recovery than initially expected,” the company said in a statement ahead of its presentation at the Consumer Analyst Group of New York (CAGNY) conference on Tuesday morning. 

The shifting consumer landscape, driven in part by the growing preference for healthier options and increased adoption of GLP-1 weight-loss drugs, is adding further pressure to packaged food demand.

WENDY’S TO CLOSE HUNDREDS OF RESTAURANTS AS COMPANY LOOKS TO FOCUS ON VALUE TO BOOST SALES

General Mills CEO Jeff Harmening said during the company’s presentation at CAGNY that the growing competition for protein options is also a factor. General Mills has its own line of protein cereals.

“We expect GLP-1 and other anti-obesity medications to have a lasting influence in the food and nutrition landscape, nudging some consumers toward smaller portions and more nutrient-dense protein and fiber-forward foods,” Harmening said.

The chief executive also said the company recognizes that its lower- and middle-income consumers have increasingly focused on value as economic pressures continue to weigh on their budgets.

“Cost of living and housing pressures are reshaping spending patterns and value is a core expectation that is here to stay,” Harmening said.

Earlier this month, PepsiCo cut prices on core brands such as Lay’s and Doritos by up to 15% following a consumer backlash against earlier price hikes.

Peer Conagra, maker of Slim Jim meat snacks, has maintained its annual sales and profit targets despite reporting a muted second quarter.

General Mills, which left its annual outlook unchanged in December, has been grappling with muted demand as Americans curb discretionary spending and shift to cheaper pantry staples.

General Mills now expects annual sales to decline 1.5% to 2%, compared with its prior range of down 1% to up 1%.

‘NOBULL MENTALITY’ TAKES NEXT STEP WITH NUTRITION LINE AS OWNER MIKE REPOLE VOWS TO HELP PEOPLE WIN AT LIFE

The company also forecast annual adjusted operating profit and adjusted earnings per share will fall 16% to 20% in constant currency, versus its previous outlook for a 10% to 15% decline.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Reuters contributed to this report.

This post was originally published here

Red Lobster is considering closing more locations as it continues to reevaluate its restaurant footprint in the wake of its 2024 bankruptcy.

The seafood chain shuttered roughly 130 restaurants when it went through the bankruptcy process and Red Lobster CEO Damola Adamolekun told The Wall Street Journal in an interview that the company is continuing to review its locations and leases as it considers ways to curb costs.

Adamolekun said in the interview that visits have risen, with sales up about 10% from last year, but they haven’t recovered to pre-bankruptcy levels and many of the chain’s locations need upgrades.

“There’s a lot of positive signs, but we inherited a very damaged brand, so there’s still work to do to repair all of that,” he told the Journal.

AMERICAN SEAFOOD CHAIN IS BETTING BIG ON NOSTALGIA AND BARGAINS TO WIN BACK DINERS

Red Lobster filed for bankruptcy in May 2024 after it racked up steep losses amid reduced sales and losses generated from an endless shrimp deal that was originally priced at $20. 

The company is also dealing with the fallout from a 2014 move that sold off ownership of the chain’s real estate and saddled the company with lease payments. 

Some of those leases involve multiple restaurants, which Adamolekun said has made it difficult to close some poorly performing locations because their lease is linked with higher performing ones.

RED LOBSTER’S ENDLESS SHRIMP DEAL CREATED ‘A LOT OF CHAOS,’ NEW CEO DIVULGES ON BANKRUPTCY

The Journal reported that people familiar with the company’s discussions said Red Lobster would ideally have dozens fewer restaurants in its portfolio so that it could focus on higher-performing locations.

Adamolekun was hired as CEO by the chain’s new ownership in August 2024 after he led a restructuring effort at P.F. Chang’s. 

The company has cut roughly 10% of its corporate staff in recent months and the Journal’s report noted that Red Lobster is negotiating with seafood vendors as tariffs have pushed the costs of imported seafood higher.

EXPERTS SAY RED LOBSTER’S SHRIMP EXCUSE IS ‘SMOKE SCREEN’ FOR REAL PROBLEMS

Adamolekun told the Journal that once the company has dealt with struggling locations, Red Lobster could look to expand in upstate New York and New England, where it has a limited presence. 

He’s also considering franchise deals for international locations as well as selling more Red Lobster-branded products, like Cheddar Bay Biscuit mixes, through retail channels.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Business reached out to Red Lobster for comment.

This post was originally published here

The Federal Aviation Administration is ordering airlines to certify their merit-based hiring practices as part of the Trump administration’s ongoing campaign against DEI programs.

Transportation Secretary Sean Duffy announced the new policy on Friday, saying airlines that don’t formally commit to merit-based hiring will be subject to FAA investigation. President Donald Trump ordered federal agencies to cancel DEI hiring programs early on in his return to the White House.

“When families board their aircraft, they should fly with confidence knowing the pilot behind the controls is the best of the best. The American people don’t care what their pilot looks like or their gender—they just care that they are most qualified man or woman for the job,” Duffy said in a statement.

“Safety drives everything we do, and this commonsense measure will increase transparency between passengers and airlines,” he added.

FEDERAL WATCHDOG URGES WHITE MEN TO REPORT POSSIBLE WORKPLACE DISCRIMINATION; VANCE BOOSTS MESSAGE

Trump’s FAA mocked the direction the agency had taken under former President Joe Biden, calling the policies “absurd” and saying they “wasted time renaming cockpits to flight decks.”

Trump has moved to systematically dismantle DEI programs across the federal government, signing a pair of executive orders in his first days in office that directed agencies to identify and shut down DEI offices, terminate equity-focused grants and contracts, and throw out long-standing affirmative action requirements for federal contractors.

HEGSETH ENDING MILITARY EDUCATION TIES WITH HARVARD AMID TRUMP FEUD: ‘WE TRAIN WARRIORS, NOT WOKESTERS’

The president targeted DEI at the FAA in particular following a tragic plane crash in the nation’s capital last year that saw a passenger plane collide with a U.S. military helicopter over the Potomac River.

“We must have only the highest standards for those who work in our aviation system,” Trump said. “Only the highest aptitude — you have to be the highest intellect — and psychologically superior people, were allowed to qualify for air traffic controllers.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“We have to have our smartest people. It doesn’t matter what they look like, how they speak, who they are. What matters is intellect, talent. The word ‘talent.’ They have to be talented geniuses,” he continued. “We can’t have regular people doing that job. They won’t be able to do it.”

Fox News’ Emma Colton contributed to this report.

This post was originally published here

Netflix has authorized a seven-day waiver to allow Warner Bros. Discovery to hold talks with Paramount Skydance Corp., the legacy media company said in a statement on Feb. 17.
Warner Bros. currently has a pending transaction with Netflix for its streaming and studio assets.
In December 2025, Paramount initiated a hostile takeover bid at $30 per share after losing a fierce bidding war for the entertainment empire, taking its case to shareholders.
The waiver will allow Warner Bros. Discovery (WBD) and Paramount Skydance Corp. (PSKY) to discuss “deficiencies that remain unresolved.”
“Netflix has provided WBD a limited waiver under the terms of WBD’s merger agreement with Netflix, permitting WBD to engage in discussions with Paramount Skydance … for a seven-day period ending on February 23, 2026, to seek clarity for WBD stockholders and provide PSKY the ability to make its best and final offer,” Warner Bros. said….

This post was originally published on this site.

Thomas J. Pritzker, the longtime executive chairman of Hyatt Hotels Corporation, announced his retirement effective immediately on Feb. 16, acknowledging what he described as “terrible judgment” in maintaining contact with convicted sex offender Jeffrey Epstein and his associate Ghislaine Maxwell.
Pritzker, 75, said in a statement released by the company on Monday that he will also not stand for reelection to Hyatt’s board of directors at the company’s 2026 annual shareholder meeting.
In a letter shared by the company, Pritzker said that “good stewardship also means protecting Hyatt, particularly in the context of my association with Jeffrey Epstein and Ghislaine Maxwell, which I deeply regret.”…

This post was originally published on this site.

Television anchor Anderson Cooper is leaving his post as a correspondent on “60 Minutes” after nearly 20 years.
Cooper announced his decision Monday.
“For nearly twenty years, I’ve been able to balance my jobs at CNN and CBS, but I have little kids now and I want to spend as much time with them as possible, while they still want to spend time with me,” Cooper said in a statement sent to media outlets on Monday.
Cooper has had two roles through a longstanding arrangement between Paramount Skydance-owned CBS News and Warner Bros. Discovery’s CNN. He will remain on his flagship show, Anderson Cooper 360….

This post was originally published on this site.

CROFTON, B.C.—White steam belches from the exhaust stacks at the Domtar pulp and paper mill in Crofton, B.C., about an hour north of Victoria, as rain falls on half-empty parking lots in the plant’s final days of operation.
[epoch_component type=”photo_gallery” position=”column-right” section_title=”Domtar’s pulp and paper mill at Crofton, B.C., on Jan. 30, 2026. (Paul Rowan Brian/The Epoch Times)” width=”200″ items=”5983006,” image_stays=”true” stays_for_paragraphs=””][/epoch_component]
It marks the end of an era for the mill, which opened in 1957 and went on to employ thousands, anchoring the local economy and feeding into the broader forestry sector….

This post was originally published on this site.

Tax filing season is underway and scammers are looking to take advantage of unsuspecting taxpayers through a variety of ever-evolving scams seeking money and personal information.

The International Association of Better Business Bureaus warns that tax scams typically originate with a phone call and tend to fall into two categories. 

In one, the supposed IRS agent tells the would-be victim that they owe back taxes and attempts to pressure them into paying with a prepaid debit card or wire transfer, threatening an arrest and fines for noncompliance.

The other popular tax scam tactic involves the scammer claiming they’re issuing tax refunds and asking for personal information to send the would-be victim their refund. That information may later be used for identity theft, and in the case of college students, they may be targeted with a claim that their “federal student tax” hasn’t been paid.

TAX FILING SEASON IS OFFICIALLY HERE: WHAT YOU NEED TO KNOW

The BBB report notes that tax scammers may engage in a number of tactics to try to appear legitimate. They may give a fake badge number or name, and the caller ID may indicate that the call is coming from Washington, D.C., or use a serious “robocall” recording that sounds official.

Scammers may also send a follow-up email that uses IRS logos and colors along with language that makes the email appear legitimate.

When con artists attempt to target victims, they may try to push the would-be victim into taking action immediately before they have a chance to ask questions or otherwise process the information the scammer is throwing at them. 

HERE’S WHEN TAXPAYERS WILL GET THEIR REFUNDS

They may also demand payment through methods like wire transfers, prepaid debit cards, or other non-traditional methods because those are harder to reverse or trace. The real IRS will never demand immediate payment, require a specific form of payment, or ask for a credit or debit card number of the phone.

The BBB notes that the IRS will allow taxpayers to ask questions or appeal any amount of back taxes they owe.

Additionally, the IRS always initiates contact by mail – not by phone calls, texts, emails or social media – so taxpayers aware of that can be better prepared to parry a scammer’s attempts via phone or email. After the IRS sends a mailed letter to a taxpayer with outstanding debts, they may reach out by phone.

DATA BREACH EXPOSES PERSONAL DATA OF 25M AMERICANS

The IRS has also warned taxpayers about a mailing scam that attempts to trick victims into thinking they have a tax refund

Taxpayers receive a cardboard envelope with a fake letter that purports to be from the IRS regarding an unclaimed refund, which requests the taxpayer provide personal and financial information.

BBB recommends that taxpayers in doubt about whether phone calls or other outreach are legitimately from the IRS should contact the agency directly to tell them about the claims and request, which should allow them to confirm whether it was actually the IRS reaching out.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

It also suggests filing taxes as early as possible to avoid the threat of identity theft, as a scammer could attempt to use your information to file a fake return.

This post was originally published here

FIRST ON FOX – A group of Republican senators is urging Treasury Secretary Scott Bessent to ensure that any sale of Russian energy giant Lukoil’s foreign assets results in permanent divestment from Moscow, warning against what they describe as potential “shell game” proposals that could return control to Russia. 

In a letter Monday, Sens. Tim Sheehy, R-Mont., Steve Daines, R-Mont., and John Barrasso, R-Wyo., voiced support for President Donald Trump’s sanctions strategy targeting Russia’s energy sector, but raised concerns that some proposed deals may undermine the administration’s foreign policy goals.

The senators said certain proposals under consideration could amount to temporary “caretaker or custodial arrangements” designed to revert ownership back to Lukoil if U.S. sanctions are lifted or tensions between Washington and Moscow ease.

They also warned that other potential transactions could involve a “buy-and-flip” approach that might place strategic oil and gas assets into the hands of U.S. adversaries, including China, potentially jeopardizing American national security and global energy stability.

INSIDE THE SEA WAR TO CONTAIN ‘DARK FLEET’ VESSELS — AND WHAT THE US SEIZURE SIGNALS TO RUSSIA

The letter follows the Treasury Department’s October 2025 sanctions on Lukoil and the Office of Foreign Assets Control’s requirement that the company divest its non-Russian holdings to non-blocked entities. 

It also comes amid ongoing divestment talks, including Lukoil’s Jan. 29 announcement of a conditional, non-exclusive agreement to sell its subsidiary Lukoil International GmbH, which holds its international assets, to the Carlyle Group, a U.S. investment firm.

The transaction would not include assets in Kazakhstan, according to the company.

LINDSEY GRAHAM SAYS TRUMP BACKS RUSSIA SANCTIONS BILL

Lukoil International GmbH maintains operations and minority interests in oil and gas fields in Iraq, Azerbaijan, Kazakhstan, Uzbekistan, Egypt and the Republic of the Congo, among other countries.

It also has stakes in several pipelines and owns refineries and thousands of retail stations across nearly 20 European countries.

‘THEY WERE SPYING’: SULLIVAN SOUNDS ALARM ON JOINT RUSSIA-CHINA MOVES IN US ARCTIC ZONE

The senators described the portfolio as strategically significant to global energy markets and warned that any sale must ensure the assets remain permanently outside Russian control.

“We cannot allow U.S. adversaries to regain control over these valuable assets that have funded so much of Russia’s aggression and must prioritize bids from firms that seek to invest in and build these assets to further American national interests,” Sheehy, Daines and Barrasso wrote.

This post was originally published here

Fast-food giant Wendy’s will close hundreds of its U.S. restaurants as it looks to focus on value and boost lagging sales in the domestic market.

In the October through December quarter, the fast-food giant reported same-store sales, or sales at restaurants open for at least one year, declined 11.3% in the U.S.

While Wendy’s previously announced late last year its intent to close underperforming restaurants, interim CEO Ken Cook provided more details on Friday during the company’s call with investors.

WENDY’S INTRODUCES NEW VALUE MENU WITH 3 PRICE TIERS

Cook said that the company shuttered 28 locations in the fourth quarter of 2025 and expects to close 5% to 6% of its 5,959 restaurants, or 298 to 358 locations, in the first half of this year.

The planned closures occur as the fast-food giant continues its turnaround plan dubbed Project Fresh. Announced in October 2025, Wendy’s said the strategy is “designed to revitalize the brand, reignite growth, [and] accelerate profitability.”

Part of its plan to win back customers is shifting its focus to value, as many core customers still feel strained by higher living costs.

THIS FAST-GROWING CHAIN SAYS ‘NO DISCOUNTS’ – AND IT’S PAYING OFF

“Learning from 2025 around value, we swung the pendulum too far towards limited-time price promotions instead of everyday value,” Cook said during the call.

Rivals like McDonald’s have seen success as they hone in on value for customers. The chain, which has focused heavily on value, reported that its U.S. sales rose 6.8% in the fourth quarter, the biggest jump in roughly two years. It’s CEO, Chris Kempczinski, told investors on Thursday that McDonald’s focused on “delivering leadership in value and affordability, and our efforts are working.”

MCDONALD’S BRINGS BACK EXTRA VALUE MEALS TO LURE BUDGET-CONSCIOUS CUSTOMERS

Wendy’s joined McDonald’s and other fast-food chains in January when it launched a permanent value menu offering called “Biggie Deals.” It introduced new customization options across three price points: $4, $6 and $8.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Cook also said 2026 will be a “rebuilding year” for the company, and noted the upcoming rollout of a new chicken sandwich and “cheesy bacon cheeseburger.” 

“Our focus this year is restoring relevance and rebuilding trust with customers through disciplined execution and marketing,” he said.

This post was originally published here

White House Senior Counselor for Trade and Manufacturing Peter Navarro touted what he called a “Goldilocks economy” under President Donald Trump while promising Americans the “biggest rebate” in U.S. history.

“When Americans get those rebate checks on tax day, that’s going to be the biggest rebate and broad-based in American history,” Navarro said Sunday. 

“In 2026, unless the geopolitics get in the way, it’s shaping up to be beautiful.”

Appearing on Fox News’ “Sunday Morning Futures,” Navarro pointed to the latest economic data showing inflation easing while job growth and wages rise. The consumer price index (CPI) increased 2.4% over the past year, beating expectations and marking an eight-month low in inflation.

TRUMP SPEECH SPARKS OPTIMISM AS ‘GANGBUSTER’ ECONOMY FORECASTED FOR 2026

“This is happening because of tariffs, not in spite of them, as the critics would say, because if there were any tariff inflation, it would show up in the core. It’s simply not doing that,” Navarro said.

“So everything is hitting on all major cylinders, and the best is yet to come.”

Navarro’s remarks come as the Supreme Court weighs Trump’s use of emergency tariffs, with the justices set to issue opinions Friday that could include a ruling on the policy.

BANK OF AMERICA CEO SEES STRONGER 2026 ECONOMY, SAYS WALL STREET MAY BE UNDERESTIMATING GROWTH

The ruling would determine whether the president can continue using emergency authorities to impose tariffs without additional congressional approval.

The administration has long justified Trump’s tariffs as a way to boost domestic manufacturing, reduce reliance on foreign supply chains and counter what officials describe as unfair trade practices by other nations.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Navarro reiterated that defense on Sunday, pointing to what he described as a resurgence in U.S. manufacturing.

“We had the ISM manufacturing index, which is dear to my heart, because I’m the counselor for trade manufacturing. That’s showing a very robust final jump in manufacturing,” he said.

This post was originally published here

Logan Paul’s big bet on Pokémon appeared to have paid off Sunday night.

The WWE star and social media influencer broke a world record when he sold his 1998 Japanese Pikachu Illustrator, graded as a PSA gem mint 10, for more than $16.4 million. It was the only card of its kind to receive the high grade by PSA, which graded 52 others. Comparatively, Beckett graded five similar cards, with the highest being a mint 9 grade.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM

“Absolute madness,” Paul said describing the auction as it was taking place in a video posted to his Instagram.

Paul bought the card a few years ago in what Guinness World Records said at the time was the “most expensive Pokémon trading card sold at a private sale.” Paul would use the card as a prop for his WrestleMania 38 entrance as he turned his attention to pro wrestling.

Goldin Auctions Co. received the auction rights for Paul’s piece. The company described the card as an “unimaginable Holy Grail piece.”

RAISING CANE’S BEGINS 30-YEAR ANNIVERSARY WITH STAR-STUDDED SUPER BOWL WEEK CELEBRATION IN SAN FRANCISCO

At the initial height of the Pokémon craze in November 1997, CoroCoro Comic announced a contest for readers called the “Pokémon Card Game Illust Artist Contest.” Readers would be challenged to draw their own Pokémon card and send it into the magazine. The winners of the contest would receive 20 cards featuring their own illustration. Twenty other contestants received an “Excellence Award” in which they received a copy of the Pikachu Illustrator Card.

“The current hobby consensus is that 41 copies of this card were officially awarded and distributed, with this Logan Paul-backed piece the chief among them,” Goldin’s description read. “The card is accompanied by a custom wooden presentation box bearing Paul’s Maverick logo and a plaque that reads ‘Pokémon / Pikachu Illustrator / PSA 10 / 1 of 1.’

“Due to the scarcity, grand value, and pedigree of this Pikachu Illustrator, this is one of the most significant public offerings of a Pokémon card in the history of the hobby and a potentially once-in-a-lifetime sale.”

A.J. Scaramucci, the son of financier and former White House communications director Anthony Scaramucci, purchased the card.

“Goodbye my friend,” Paul wrote on Instagram before the auction began. “What a privilege it’s been to be the owner of the greatest collectible in the world.”

The item is now considered to be the most expensive trading card in the world.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

A 1952 Mickey Mantle card previously held the record. It was sold in 2022 for $12.6 million.

This post was originally published here

X experienced a widespread outage early Monday, leaving thousands of users unable to access the social media platform.

According to Downdetector, a website that tracks service disruptions based on user reports, complaints surged to more than 41,000 around 8:40 a.m. ET, far above the typical baseline level.

Reports had first begun trickling in earlier in the morning, starting with about a dozen complaints before rapidly escalating.

The social media company did not immediately respond to FOX Business’s request for comment.

EUROSTAR FORCED TO CANCEL ALL SERVICES TO AND FROM LONDON AFTER ‘MAJOR DISRUPTION’ IN CHANNEL TUNNEL

By 9:09 a.m., complaints had been cut by more than half, falling to about 28,673 reports, though the number remained significantly elevated.

Reports continued to decline later in the morning, dropping to 17,360 by 9:19 a.m. and falling further to roughly 1,245 by 9:49 a.m., according to the site’s data.

HOW PARENTS CAN ENCOURAGE HEALTHY SOCIAL MEDIA HABITS FOR THEIR KIDS

Downdetector’s outage heatmap showed the disruption affected users primarily in the United States, with hotspots in major cities like New York, Los Angeles and Chicago.

X was also down temporarily in mid-January and again in November 2025.

AUSTRALIA BEGINS ENFORCING SOCIAL MEDIA LAW BANNING CHILDREN UNDER 16 FROM MAJOR PLATFORMS

The 2025 service issue was due to a widespread outage at Cloudflare, an internet infrastructure provider.

The disruption comes weeks after a major Verizon network outage that left millions of wireless customers without service for hours, one of several high-profile connectivity issues in recent months.

This post was originally published here

More than 191,000 Aroeve air purifiers have been recalled after dozens of overheating incidents and one reported fire, according to the U.S. Consumer Product Safety Commission (CPSC).

The recall affects approximately 191,390 units of Aroeve brand air purifiers, regulators said.

“The air purifiers can overheat and ignite, posing fire and burn hazards to consumers,” the CPSC said in a recall notice.

JAGUAR LAND ROVER RECALLING 2,300 ELECTRIC VEHICLES IN US OVER FIRE RISK

Aroeve has received 37 reports of the air purifiers overheating, including one report of a fire, according to the agency. No injuries or property damage have been reported.

The affected products are model MK04 units manufactured before July 2025 with serial numbers beginning with “BN.” The air purifiers were sold in black and white.

THOUSANDS OF SMOKE DETECTORS RECALLED OVER POTENTIAL FIRE HAZARD

The units were sold online at Amazon.com, Shopify.com, TEMU.com and TikTok.com from September 2024 through June 2025 for between $80 and $134, the CPSC said.

Aroeve received 37 reports of the air purifiers overheating, including one report of a fire.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

No injuries or property damage have been reported thus far.

Consumers are urged to stop using the air purifiers immediately and to contact Airova for a free replacement.

This post was originally published here