In a stark warning to Washington policymakers, Nvidia CEO Jensen Huang revealed that U.S. technology export bans may be triggering unintended consequences, declaring that China already has “all the chips they need” while state-backed rival Huawei is actively “flourishing in our absence.” “Critics would say that selling advanced chips to…

The Supreme Court dealt a major blow Thursday to four major cruise lines accused of profiting from Cuban property seized during Fidel Castro’s communist revolution, reviving lawsuits that could cost the companies hundreds of millions of dollars. In an 8-1 ruling, the justices sided with Havana Docks Corporation, a U.S.…

Three major hospital systems on Monday filed lawsuits accusing CVS Health and its subsidiaries of running a secret scheme that allegedly siphoned hundreds of millions of dollars away from hospitals serving vulnerable and uninsured patients. The lawsuits – filed by Mount Sinai in New York, University of Michigan Health and…

Waymo is temporarily halting freeway operations for its robotaxi service in several U.S. markets as the company works to address performance issues in construction zones, FOX Business has learned. The Alphabet-owned company confirmed Thursday that it was pausing freeway operations while updating its software.”Safety is Waymo’s top priority, both for…

Mortgage rates jumped this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed the average rate on the benchmark 30-year fixed mortgage climbed to 6.51% from last week’s reading of 6.36%. The average rate on a 30-year loan was 6.86% a year ago.…

Hyundai Motor Company is recalling more than 54,000 Elantra Hybrid vehicles in the U.S. due to a defect in the hybrid power system that could overheat and spark a fire, federal regulators said. The recall covers certain 2024–2026 Hyundai Elantra Hybrid models. About 54,337 vehicles are being recalled, though Hyundai…

More than 120,000 Orb Funkee squeeze toys have been recalled after it was discovered that the sand filling inside the toys may contain fibrous tremolite, a form of asbestos.  Imported by the Canadian company The Orb Factory Limited, the toys were sold nationwide at major retailers, including Walmart and Ollie’s…

Kraft Heinz is bringing a cleaner-label makeover to one of America’s most iconic desserts. The company announced Tuesday that it is launching Jell-O Simply, a new line of gelatin products made without artificial sweeteners or FD&C artificial colors, as consumers increasingly seek foods with simpler, more recognizable ingredients. The updated recipe…

Voters in Philadelphia passed a ballot measure on Tuesday that will create the country’s first city-run savings program for workers whose jobs don’t offer retirement benefits. The measure will create a new program called PhillySaves that allows private sector workers whose employers don’t sponsor retirement plans like a 401(k) to…

President Donald Trump has invested millions of dollars into the popular revolving sushi chain Kura Sushi USA. The purchase was among a series of investments Trump made in early 2026, according to a report detailing his financial transactions. The document, signed by Trump on May 8, was released last Thursday…