Business

President Donald Trump on Saturday said that he has approved new fuel economy standards that end the Biden-era electric vehicle mandate."The Dumocrats cost our Great Auto Manufacturers $Billions, forced Americans into cars they never wanted, and wasted Billions on Chargers that were never built," Trump wrote on Truth Social Saturday afternoon.The president added that the new standards will "take the waste out of building cars in America. That means LOWER […]

Artificial intelligence (AI) is transforming how colleges and universities educate students and prepare them for the workforce. As higher education works to establish guidelines around AI, they must address a larger picture: How can students use AI without losing critical skills? In an interview with Fox Digital Business, Richard Corcoran, president of New College of Florida and the state's former education commissioner, said AI could either strengthen education or create shortcuts that […]

As artificial intelligence becomes embedded in the workplace, companies may be overlooking another skill set that could increasingly separate successful employees from the pack: the ability to communicate, listen, disagree and build relationships with actual people.Pamela Eyring, president of the Protocol School of Washington, told Fox Business that employers increasingly need workers who can use AI effectively without allowing their interpersonal skills to deteriorate.According to Eyring, people need to focus […]

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 […]