Business

Trump declares food supply emergency, suspends tariffs on key fertilizer imports

President Donald Trump on Monday declared an emergency aimed at protecting the U.S. food supply and temporarily suspended import duties on certain Moroccan fertilizer products. Under the presidential emergency declaration, phosphate fertilizer imported from Morocco will no longer face tariffs for up to eight months or until the emergency declaration…

Nearly 100K Hyundai vehicles recalled after software glitch raises crash risk

Nearly 100,000 Hyundai vehicles are being recalled due to a software glitch that could increase the risk of a crash, federal officials announced.  The recall affects approximately 96,310 Hyundai Tucson vehicles from the 2025 and 2026 model years, according to a National Highway Traffic Safety Administration (NHTSA) notice dated June…

LARRY KUDLOW: Acceptance is the answer to all my prayers

There are always things in life that I don’t understand. I bet you a lot of people feel that way. How did that happen? Why did that happen? Or it makes no sense. Somehow we have to accept these decisions, even if we don’t like them or understand them. So…

How a stolen surfboard launched a global surf empire

A surfboard stolen from a California teenager nearly seven decades ago helped launch what has become one of the world’s most recognizable handcrafted surfboard brands. FOX Business correspondent Kelly Saberi joined FOX Business’ Stuart Varney on “Varney & Co.” to highlight Harbour Surf Shop in Seal Beach, California, home to…

Saks emerges from bankruptcy with a new name and a leaner store footprint

Luxury retailer Saks Global on Friday announced it will operate with a new name after it exited bankruptcy after cutting its store count and reducing its debt obligations. The company – which is the parent of notable retail brands including Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – will…

Newsom’s office touts Anthropic ‘partnership,’ 50% discount on Claude AI for California agencies, localities

California state agencies and local governments may access Anthropic’s Claude artificial intelligence platform at a 50% discount, Democratic Gov. Gavin Newsom’s office said on Monday. “Through the agreement, state agencies may access Anthropic’s AI productivity assistant, Claude, at a 50% discounted price, coupled with free workforce training as well as…

Ford rehires experienced engineers after AI misses the mark

Ford has rehired experienced human engineers to help address the shortcomings of artificial intelligence (AI) tools meant to tackle quality issues in the automaker’s production processes. The hiring push helped Ford top the JD Power 2026 U.S. Initial Quality Study (IQS) for the first time since 2010 amid improvements in…