U.S. employers ramped up layoffs in May as the artificial intelligence (AI) rollout was the leading factor cited by companies cutting their workforces, new data shows. Companies announced 97,006 job cuts in May – an increase of 16% from the 83,387 cuts in April and an increase of 3% from…

Americans are increasingly reaching a breaking point regarding their household finances. Despite hopes for a soft landing after years of elevated inflation, consumer pessimism has reached some of its worst levels in years, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released Monday.The percentage…

A 20-year-old McDonald’s worker in Northern California is facing multiple surgeries after a co-worker allegedly hurled hot cooking oil at him, leaving him with severe second-degree burns across nearly a quarter of his body, according to his mother. Jacob Smith was working as a shift manager at a McDonald’s in…

Sam Bankman-Fried, the former cryptocurrency billionaire serving a 25-year sentence for fraud tied to the 2022 collapse of his FTX exchange, says he would welcome a pardon from President Donald Trump — but insists he has not lobbied the White House for one. “It would be obviously, you know, ultimately…

Hibbett Sports will close 175 stores around the U.S. over the next three years as its parent company, JD Sports, looks to reorganize its footprint. JD Sports acquired Hibbett in 2024 in a deal valued at around $1.1 billion, with the acquisition viewed as enhancing JD’s presence in the North…

From inside a federal prison cell, disgraced crypto mogul Sam Bankman-Fried is making a bid for a White House lifeline. Speaking exclusively to FOX Business correspondent Susan Li, the convicted FTX founder said he “absolutely” wants a presidential pardon, while declining to say whether his family is currently lobbying the…

Legendary NFL quarterback Tom Brady’s latest business venture is hitting the beverage shelves in a market expected to reach $11 billion by 2030.  Brady, as part of his latest partnership expansion with Gopuff, announced the launch of Good Nut, a premium line of organic coconut water, on Monday. With consumers conscious…

Gas-X capsules sold across the country are being recalled over potential chemical contamination because of a machine leakage during packaging, according to the Food and Drug Administration. Haleon issued a voluntary recall last week after discovering that the medication may have been contaminated with a coolant when a machine leaked…

Costco has quietly lowered prices on several popular Kirkland Signature items, including products shoppers had previously flagged online as increasingly expensive. During the company’s most recent earnings call on May 28, executives said the price cuts impacted at least four of its key private-label items, marking a potential relief for…

Italian fashion house Prada and Axiom Space have unveiled a jointly developed next-generation lunar spacesuit layer scheduled to be worn during NASA’s upcoming Artemis IV moon landing mission, currently targeted for early 2028.  The Houston-based space infrastructure developer announced Sunday that the liquid cooling and ventilation garment (LCVG) will act as…