Business

Honda Motor is preparing to test technology on a highway that can wirelessly charge electric vehicles, including large commercial trucks, while they are moving.Honda R&D, the automaker's research and development subsidiary, developed the underlying technology with construction companies Taisei Corporation and Taisei Rotec Corporation, according to a Honda announcement Monday.The system uses power-transmitting units embedded in the road and a receiver installed on the vehicle, allowing electricity to be transferred […]

Grocery shoppers still want "high-quality" fresh food at a "great value," but convenience is becoming an increasingly important part of that equation, Sam's Club Executive Vice President and Chief Merchandising Officer Myron Frazier told FOX Business.While members of the Arkansas-based warehouse retailer continue to prioritize quality and value, Frazier said they increasingly want fresh food delivered to their homes, available for curbside pickup or otherwise accessible "on their own terms.""What […]

SpaceX CEO Elon Musk is rebranding the company’s artificial intelligence (AI) arm following President Donald Trump’s executive order last week calling for AI to be referred to as "Super Intelligence" (SI).SpaceXAI will be renamed SpaceXSI, Musk confirmed in a post on X, while responding to an X user. "Yes, we will make that change," he said."No more AI. SI, it’s better," he said in another post. TRUMP SIGNS EXECUTIVE ORDER REBRANDING AI […]

National Economic Council Director Kevin Hassett said that it is time for former Federal Reserve Chair Jerome Powell to leave the Federal Reserve Board on "Sunday Morning Futures," arguing that doing so would help preserve the central bank's independence.Hassett claimed it is unprecedented for a former Fed chair to remain on the board after his chairmanship ends and said Powell should "move on.""I think that it's time for him to […]

Chick-fil-A is bucking a growing fast-food industry trend, with CEO Andrew Cathy saying the chicken chain does not plan to use artificial intelligence to take customers' drive-thru orders.While Chick-fil-A is exploring potential uses for AI behind the scenes, Cathy told CNBC that the company wants to preserve human interaction in its drive-thru lanes even as competitors increasingly experiment with automated ordering technology."From our experience, we really want that hospitality to […]

President Donald Trump’s escalating trade war with Canada is raising fresh concerns in battleground states ahead of the November midterms.The U.S. and Canada have imposed tariffs on billions of dollars’ worth of goods, while Washington has also banned nearly $1 billion in Canadian imports, including alcohol, dairy products and motorcycles.The latest measures took effect Sept. 29 as negotiations remain unresolved.Trump says the tariffs will bring manufacturing back to the United […]

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 […]