Business

FIRST ON FOX: A new policy report warns that the AI data center boom could drive up the cost of laptops, smartphones, cars and other everyday products as chipmakers shift scarce memory-chip capacity toward more profitable AI applications.The report, published by the Abundance Institute and first viewed by Fox News Digital, says manufacturers are shifting capacity toward high-bandwidth memory, or HBM, for AI data centers, constraining the supply of conventional […]

Federal Reserve Chair Kevin Warsh on Friday delivered his first keynote at the annual monetary policy conference in Jackson Hole, Wyoming, against a backdrop of uncertainty over inflation, as well as how he will guide policymakers as they consider interest rate moves.Warsh's speech comes as the Federal Reserve has held interest rates steady at each of its five meetings so far this year amid persistent inflation, which moved further away from the […]

The massive cyclosporiasis outbreak linked to iceberg lettuce and thousands of illnesses has expanded to three new states, federal health regulators announced Thursday.The Food and Drug Administration (FDA) said the outbreak, which has been linked to hundreds of hospitalizations and two deaths since illnesses were first reported in July, has now been detected in Georgia, Tennessee and Texas.There have now been 11,458 illnesses reported across 20 states, according to the […]

Dunkin' and BARK opened their first-ever official dog drive-thru experience in Quincy, Massachusetts for National Dog Day.At the Dunkin’ in Quincy for one day only on Wednesday, one drive-thru lane remained open for guests, while the second lane was reserved for dogs to enjoy dog treats and limited-edition BARK x Dunkin’ bandanas, while plush toys from the new BARK x Dunkin’ collection were available with a donation to the Dunkin’ […]

Greater New York Chamber of Commerce President and CEO Mark Jaffe, a founder and legal counsel for the Multicultural Business Coalition that is involved in suing over New York City Mayor Zohran Mamdani's controversial plans to open government-linked grocery stores in the Big Apple, described the initiative as "disastrous" for business owners, slamming the Democratic socialist's administration as "heartless.""Government should not be in the business of taking out private enterprise. […]

Food-manufacturing giant General Mills announced that all of its U.S. cereal offerings are now created without "certified colors."The company said it intends to remove "certified colors," which it notes are "also known as synthetic color additives," from all of its U.S. products by the end of next year."With all U.S. cereals – including Lucky Charms and Trix – now free from certified colors, 90% of General Mills’ U.S. retail portfolio […]

Burger King is giving its chicken nuggets a makeover after customers told the fast-food chain the product was falling short.The company said it received thousands of calls, texts and comments from guests earlier this year criticizing its nuggets as "rubbery," "dry" and "disappointing," prompting Burger King to rethink the item.The revamped nuggets, along with a refreshed lineup of dipping sauces, will be available beginning Sept. 1, according to the company."We […]

Nvidia CEO Jensen Huang defended his decision to "rip the Band-Aid off" on the company’s gross margins as the chip giant continues to power some of the world’s most advanced artificial intelligence models.The CEO addressed reports of potential 15% price hikes while touting the company’s job creation as Nvidia employs roughly 42,000 people worldwide."This quarter we decided that we would rip the Band-Aid off, reset expectations about our gross margins, […]

Federal Reserve Chair Kevin Warsh is set to deliver the first keynote speech of his chairmanship at the annual Jackson Hole Economic Policy Symposium on Friday amid uncertainty over stubborn inflation.Policymakers from the Fed and various central banks around the world will gather in Jackson Hole, Wyoming, to discuss monetary policy and the economy, with Warsh delivering his widely anticipated speech on Friday morning.Warsh, who was confirmed as Fed chair […]