Business

Americans optimistic about innovation addressing major challenges, survey finds

Americans remain optimistic about the country’s ability to harness innovation and think it should be easier to build things in America, while they’re also skeptical about the government’s role in solving the issues confronting the nation, a new survey finds. The findings of the Ronald Reagan Institute’s Reagan National Economic…

Walmart launches hardware overhaul, new kids brand in private-label push

Walmart is ramping up its private-brand strategy with a major overhaul of its home and hardware categories. The retailer announced Wednesday that it is revamping its hardware department with an exclusive Greenworks Pro tool line and expanded Hyper Tough offerings. At the same time, Walmart says it is launching Mainstays…

Meta lays off nearly 1,400 Washington employees in latest tech workforce cut

Meta’s artificial intelligence overhaul is now hitting one of the country’s largest tech corridors, with the Facebook parent company preparing to cut nearly 1,400 workers across Washington state. New filings submitted to Washington state officials show Meta will begin terminating employees in Seattle, Bellevue, Redmond and remote positions starting July…

Toyota recalls 43,500 trucks over engine defect that could cause sudden stall

Toyota is recalling more than 43,000 of its 2024 Tundra pickup trucks because debris left behind during the manufacturing process could contaminate the engine and increase the risk of a crash, according to the National Highway Traffic Safety Administration (NHTSA). The recall affects approximately 43,566 model year 2024 Toyota Tundra…

Major League Wrestling brings ‘MLW Fusion’ to Veeps

Major League Wrestling (MLW)’s weekly program “MLW Fusion” found a home on Tuesday in VEEPS, the companies announced. Pro wrestling fans can tune into Veeps weekly starting on Saturday to watch “MLW Fusion” as the promotion continues to grow broadly across the pro wrestling landscape.CLICK HERE FOR MORE SPORTS COVERAGE…

BP ousts chairman over ‘serious’ governance concerns as shares tumble

BP abruptly removed Chairman Albert Manifold on Tuesday, citing “serious concerns” tied to governance, oversight and conduct issues, sending shares lower and deepening uncertainty at the oil giant. The company said Manifold, who had served as chairman for just eight months, was removed effective immediately after the board unanimously concluded…

Kevin Hassett says inflation will drop sharply once Strait of Hormuz reopens

close video White House National Economic Council Director Kevin Hassett is expecting inflation to fall further by the end of the year as energy prices ease and economic growth continues to accelerate. Hassett joined FOX Business’ Maria Bartiromo on “Mornings with Maria” to discuss inflation, energy prices, artificial intelligence investment…

Congressional Black Caucus pressures corporations to oppose GOP redistricting efforts

The Congressional Black Caucus is pressuring major corporations across the country to publicly oppose Republican-led congressional redistricting efforts that critics say could weaken Black political representation following a recent Supreme Court ruling on the Voting Rights Act. According to a letter obtained by The Associated Press, the caucus urged more…