Business

Tropical Smoothie Cafe CEO Max Wetzel told FOX Business that one leadership habit has been critical as the fast-casual chain has grown to nearly 1,800 locations."We spend a lot of time listening and learning before we lead and decide," Wetzel said. "And I say ‘we’ because certainly it's myself, but it's our whole leadership team."Wetzel said the company's leadership team stays close to the business by regularly talking with franchisees, […]

More than 500,000 Walgreens-branded eye-drop products are being recalled over sterility concerns as part of a broader recall involving nearly 750,000 eye-care products.Sterling Pharmaceutical Services LLC, based in Dupo, Illinois, initiated the recall on Aug. 20 because of a "lack of assurance of sterility," according to a U.S. Food and Drug Administration (FDA) enforcement report.The FDA classified the recall as Class II on Sept. 21. The designation means use of […]

Chip City, the New York-born cookie chain that expanded rapidly in recent years with backing from a prominent hospitality investment firm, has closed all of its locations nationwide."Despite extensive efforts to stabilize our business in the face of significant macroeconomic headwinds, we have made the very difficult decision to close all of our Chip City locations. We are grateful to our dedicated employees and loyal customers who have supported us […]

A Chilean fruit supplier has expanded a recall of its frozen organic berries, which were sold in Walmarts and Trader Joe's stores across the United States.The products, made by Frutas y Hortalizas del Sur S.A., were linked to an E. coli outbreak that infected 17 people and hospitalized six in Florida and Georgia, according to the Centers for Disease Control and Prevention (CDC). There were no reported deaths.The company updated […]

A top official at the Treasury Department told FOX Business she believes the "Iranians know that the U.S. is winning" as the Operation Economic Outcast sanctions campaign is ramping up pressure against Tehran. Under Secretary for International Affairs Erin Browne made the remark this week as Iran's official currency plunged to record lows with an exchange rate of over 2.5 million rials to the American dollar. "I think the Iranians know that the U.S. […]

Kodiak's unsupervised driverless long-haul delivery trucks will soon hit Texas roads as its partnership with Swedish furniture giant IKEA enters a new phase.Kodiak founder and CEO Don Burnette joined "Varney & Co." Tuesday to shed light on the rollout and the technology behind the autonomous trucks."We're starting with one. We're gonna get that first one out by the end of the year, and then we're gonna start to scale throughout […]

The yield on the 10-year Treasury hit the highest level since 2002 during Thursday's trading session, as higher borrowing costs impact the economy at large and impact households.Yields on longer-dated Treasurys have risen this year amid the geopolitical uncertainty caused by the Iran war, as well as growing federal budget deficits, tighter monetary policy and more competition in the bond market from mounting levels of corporate debt issuance due to […]

President Donald Trump announced Friday that his administration would begin sending checks of nearly $100 to more than 20 million seniors to help offset the cost of Medicare Part B premiums.Trump said in a Truth Social post that the funds — which, based on the figures he provided, would total roughly $2 billion — would come from the Medicare Improvement Fund."I am pleased to announce that my Administration will, immediately, […]

Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as sales in Europe recovered from last year's slump and made up for weaker demand in the electric-vehicle maker's two biggest markets, the U.S. and China.Shares of the Austin, Texas-based company rose nearly 2% in premarket trading. Through last close, the stock had fallen more than 21% so far this year.The rebound in Europe partially offset the hit to demand […]