Business

Quantum computing could give the U.S. and its allies a new tool in their effort to reduce reliance on China for critical rare earth elements, with one technology company betting the emerging technology can make extracting and processing limited Western supplies more efficient.Pasqal is partnering with USA Rare Earth and Riven Systems to explore how quantum computing, artificial intelligence and rapid chemical testing can improve the separation and processing of […]

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% of its stores, Fast Company reported.Cato, which was founded in 1946, focuses on budget-wary consumers, much like TJ Maxx or Ross […]

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 announced the company's plans to develop the long-haul freight trucks.The Semi aims to open a new market for Tesla, which has […]

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 discuss the app's security, growing demand for online services and the agency's efforts to combat identity theft."100%, 100% secure," Bisignano said […]

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 models to ensure that they're aligned with serving humanity.Those calls come amid warnings from AI researchers that there's a chance that […]

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 settle, according to SERHANT. founder and real estate star Ryan Serhant."New York taught me that real estate is a function of […]

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 that the emergence of so-called "AI swarms" doesn't necessarily mean a cyber doomsday is imminent, but said organizations need defenses capable […]

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 intelligence firm iCOUNTER, spent 25 years with the U.S. Secret Service and specialized in cybercrime.Brown told FOX Business that the distinction […]

Curbing the federal government's roughly $2 trillion budget deficit would help reduce the affordability challenges American households are facing, a new analysis finds.The nonpartisan Committee for a Responsible Federal Budget (CRFB) published a report on Wednesday detailing how reducing the federal budget deficit over both the near- and long-term could improve affordability issues for Americans through fiscal policy changes involving tax and spending policies.CRFB finds that reducing the deficit can […]