Business
A women’s apparel company that caters to price-conscious consumers announced the closure of 120 retail stores by the end of the fiscal year. The Cato Corporation, parent company of Cato Fashions, operates more than 1,000 women’s apparel and accessories stores across 31 states. The slated closures account for more than 10%…
Tesla on Thursday announced that the electric vehicle maker was beginning deliveries of its Semi trucks to customers this week. Executives at Tesla’s plant in Sparks, Nevada, made the announcement that the first customers will take delivery of the electric big rigs about nine years after CEO Elon Musk first…
The IRS launched a new mobile app that will let taxpayers check refund statuses and make payments directly from their phones, expanding the agency’s digital services as it works to combat fraud and protect taxpayer information. IRS CEO Frank Bisignano joined FOX Business’ Stuart Varney on “Varney & Co.” to…
Costco on Thursday said it received $184 million in tariff refunds in the company’s fourth quarter, the majority of which were reinvested into lower pricing for members shopping at the retail giant’s warehouses. The big box retailer said that the lower pricing from tariff refunds was applied to a range…
The operator of a Village Inn restaurant in Oldsmar, Florida, has filed for Chapter 11 bankruptcy protection after reporting more than $554,000 in liabilities, according to court filings obtained by FOX Business. VI Oldsmar LLC filed its Chapter 11 petition in the U.S. Bankruptcy Court for the Middle District of…
Leading developers of artificial intelligence (AI) are raising concerns about the need to ensure the safety and alignment of cutting-edge frontier models as they become more capable. OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Microsoft have all signaled a focus on safety issues related to developing frontier AI…
American homebuyers battling elevated interest rates and high listing prices are confronting a far broader financial hurdle: a hidden “obstacle course” of property taxes, rising insurance premiums and local regulatory friction. Beyond headline mortgage rates, rising monthly carrying costs in high-growth states are increasingly influencing where families can afford to…
Artificial intelligence is changing cyberattacks from the work of individual hackers into coordinated operations potentially involving hundreds of autonomous agents, creating a speed problem that traditional human-led cybersecurity systems may struggle to match, according to AI cybersecurity expert Yagub Rahimov. Rahimov, founder and CEO of Polygraf AI, told FOX Business…
A stolen Flock Safety license-plate camera yielded roughly 1.6 million images after hackers physically removed and reverse-engineered the device, but a former Secret Service cybercrime expert says the incident does not appear to have compromised Flock’s broader cloud network. Jason Brown, director of customer advisory and counter-fraud lead at threat…
Prime Minister Benjamin Netanyahu stood at the podium of the United Nations General Assembly hall and absolutely tore into all of the multiplying progenitors of antisemitism around the world. He jumped right in by calling out UN members that walked out ahead of his speech. “Before I begin, just a…
