Business

The U.S. economy added jobs at a slower pace than expected in September amid economic uncertainty.The Bureau of Labor Statistics on Friday reported that employers added 29,000 jobs in September. That figure was below the 90,000 estimate of economists polled by LSEG. The unemployment rate ticked higher to 4.2%, which was above economists' expectations of 4.1%, according to the LSEG poll.Revisions were made to the payroll numbers for the prior two months, with […]

Ford is recalling more than 40,000 vehicles due to a headlight defect that could reduce the driver's visibility, according to federal regulators.About 41,748 vehicles are potentially affected by the recall, including the 2025-2027 Ford Expedition, 2026 Ford F-250 SD, 2026 Ford F-350 SD, 2026 Ford F-450 SD and 2026 Ford F-550 SD models, the National Highway Traffic Safety Administration (NHTSA) said in its recall notice.The NHTSA said the exterior lighting […]

Three researchers have been fired from OpenAI after allegedly sharing confidential company information with a third-party AI safety organization, sources told The Wall Street Journal.The three researchers worked on the company's safety team, the Journal reported."We have parted ways with three individuals for violating our policies on accessing and handling sensitive company information," an OpenAI spokesperson told the outlet."Our investigation confirmed that these individuals mishandled sensitive information outside established company […]

Nike plans to cut jobs as part of a sweeping overhaul designed to make the athletic apparel giant "more agile, efficient and athlete-focused," CEO Elliott Hill said Thursday.In a memo to employees, Hill said the restructuring "will result in fewer roles across Nike" as the company reorganizes its business, though he did not say how many positions would be eliminated."I want to acknowledge that news like this creates uncertainty. I […]

The NASA SpaceX Crew-13 mission launched to the International Space Station on Thursday from Cape Canaveral Space Force Station in Florida. The crew onboard the mission utilizing SpaceX’s Falcon 9 rocket and Dragon spacecraft are NASA astronauts Jessica Watkins, Luke Delaney, CSA (Canadian Space Agency) astronaut Joshua Kutryk and Roscosmos cosmonaut Sergey Teteryantnikov. "During their time on the orbiting laboratory, the crew will conduct new research to prepare for human exploration beyond low-Earth orbit and […]

Mortgage rates rose to the highest level since November 2023, 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 rose to 7.28% from last week's reading of 7.03%.The average rate on a 30-year loan was 6.34% a year ago."With mortgage rates on their current trajectory, the housing market continues to be supported by favorable economic […]

The Federal Reserve's costly renovation project will have a new manager as Fed Chair Kevin Warsh has tasked the General Services Administration (GSA) with managing the completion of the project.On Wednesday, the Fed's Office of Inspector General released a report which found that while there was no administrative misconduct in the management of the more than $2 billion project, mistakes were made that have contributed to significant cost overruns and […]

President Donald Trump praised Boeing and its 737 MAX after a FlyDubai jet survived a dramatic plunge during an apparent attempt to crash the Israel-bound aircraft with more than 170 people aboard.Trump congratulated the U.S. aerospace giant Thursday, singling out the aircraft's ability to withstand the extreme forces it encountered during the midair emergency."Congratulations to the GREAT Boeing Company for producing a plane, the 737 Max, that was able to […]

America's skilled trades shortage has major employers sounding the alarm as companies face mounting demand for workers needed to build, maintain and power the country's infrastructure.mikeroweWORKS Foundation CEO Mike Rowe joined FOX Business’ Stuart Varney on "Varney & Co." to discuss the widening skilled labor gap, the impact of artificial intelligence and the growing push to steer more Americans toward trade careers.A new national report from the Alliance for America’s Skilled […]