Business

Ford Motor Company is refreshing its best-selling F-150 pickup for 2027 with hands-free towing technology, updated styling and the first-ever F-150 Carhartt edition.Greg Christensen, Ford's general manager of North America Trucks, told Fox Business that the overhaul was shaped by how customers actually use their trucks — from hauling equipment to work to towing boats and campers on weekends.One of the biggest additions is BlueCruise with Towing, which allows drivers […]

Treasury Secretary Scott Bessent on Tuesday told lawmakers in Congress that the U.S. needs to foster open artificial intelligence (AI) models to compete with those made by Chinese firms.Bessent testified before the House Financial Services Committee about the economy and international finance, with AI emerging as a key topic of discussion.The Treasury secretary was asked about advances in AI and progress toward artificial general intelligence and noted Anthropic's Mythos model […]

Nvidia CEO Jensen Huang received a surprise phone call from President Donald Trump on Monday, in which the president dismissed fears that AI poses an existential threat to humanity and argued against calls to slow frontier AI development.While speaking on stage at the All-In Summit in Los Angeles, Huang answered the call and placed Trump on speakerphone for the audience of thousands, as shown in a video of the event […]

Costco has raised the price of motor oil sold under its exclusive private-label Kirkland brand and is now limiting how much customers can purchase weekly amid rising oil prices.A 10-quart case of Kirkland Signature full synthetic motor oil is now $58, according to Costco’s website, after previously selling for roughly $30 to $35 for much of the past several years.Customers are limited to two cases per week, the product page […]

When it comes to the frontiers of Artificial Intelligence, I’m surely not your run-of-the-mill expert. I have some sense of models, agents, and bots. And I think I understand concerns that rogue AI agents can break free of their human instructions, or what the industry sometimes calls "misalignment."Yes, humans need to be able to keep control of the machines. Yet I also know something about election year ruses, including political […]

OpenAI CEO Sam Altman outlined two scenarios that he sees could derail progress in developing artificial intelligence (AI) and must be avoided.Altman wrote in a Sunday night post on X that the two areas of concern involve the loss of control over AI's alignment, or the concentration of too much power by a country or AI lab."First we could lose control of the future to AI. This is unacceptable; we […]

The Treasury Department on Monday night will release a video of top CEOs praising the Trump administration's vision for business growth.FOX Business obtained the roughly one-minute video featuring a series of interview clips made at the G20 ministerial meeting in Asheville, North Carolina, on Aug. 31 and Sept. 1. It will be posted on the Treasury Department's X account.During his meetings at the G20, Treasury Secretary Scott Bessent highlighted U.S. […]

GameStop says it is reopening "select" stores across the country as company insiders make new investments in the video game retailer's stock.The company announced on social media that "select" closed stores would begin reopening Sept. 11.GameStop did not initially disclose a complete list of returning locations. A company spokesperson told FOX Business that "at least one" store — located in Brooklyn, Ohio — was part of the initial rollout.The move […]

OpenAI CEO Sam Altman signaled that the company will delay its initial public offering (IPO) amid concerns about the safety and alignment of AI models given potential risks they could pose to society.The ChatGPT-maker confidentially submitted an S-1 filing with the Securities and Exchange Commission in June to begin the IPO process. The company said at the time that it hadn't decided on the timing of the IPO, saying "it may […]