More than 13,000 air conditioning units were recalled for posing fire and burn hazards, as Americans attempt to stay cool during a heatwave for the Fourth of July weekend. Texas-based Daikin Comfort Technologies Manufacturing, Inc. issued the recall last week for about 13,514 Amana Window-Room-Air-Conditioners and Through the Wall air…

Home listing prices are declining at the fastest pace in at least nine years as sellers adjust to a slower market and look to attract buyers. The national median asking price fell 2.5% in June compared with a year ago, declining to $430,000 based on the latest data from the…

Chinese e-commerce giant Alibaba has agreed to pay $600 million and enter into a non-prosecution agreement with the Department of Justice (DOJ) after admitting it failed to prevent tens of thousands of illegal product sales into the U.S. through its online marketplaces. The DOJ announced Wednesday that Alibaba Group Holding…

Walmart is making its first nuclear power play as the retail giant looks to support its growing footprint in Illinois. The retailer signed a long-term power purchase agreement with Constellation to buy emissions-free electricity from the company’s Dresden Clean Energy Center in Illinois, the companies announced on June 23.The agreement…

The Trump administration’s announcement that it doesn’t plan to renew the U.S.-Mexico-Canada Agreement (USMCA) and instead intends to pursue individual trade agreements with its two neighbors. Wednesday marked the sixth year of the USMCA being in effect, a milestone which gave the administration the option of extending the agreement as…

Just about a year after signing the One Big, Beautiful Bill with its major league tax cuts, the stock market is roaring. In this year’s second quarter, the S&P 500 is up 15 percent and the NASDAQ up 21 percent — the best performance in 6 years. The small-cap Russell…

Kroger announced Wednesday it will acquire regional supermarket chain Giant Eagle in a $1.65 billion deal, marking the grocery giant’s first major acquisition since regulators blocked its proposed $25 billion merger with Albertsons nearly two years ago. The acquisition will strengthen Kroger’s presence across several Midwestern and Mid-Atlantic markets as…

Months before New York City approved a historic two-year rent freeze, Google co-founder Sergey Brin quietly exited a struggling real estate fund at a steep loss. In December, Brin sold his stake back to A&E Real Estate, the fund’s manager, for six cents on the dollar, according to documents obtained…

Sony is ending production of physical discs for all new PlayStation game releases beginning in January 2028, marking a significant step in the gaming industry’s ongoing transition to digital distribution.  Sony Interactive Entertainment announced the decision Wednesday in a post on its official PlayStation Blog, saying all new games released…

President Donald Trump has decided not to extend the USMCA trade agreement and will instead pursue independent trade deals with Canada and Mexico, FOX Business has learned. Wednesday marked the deadline for the six-year review, and a Trump administration official told FOX Business that the president opted against extending the…