7-Eleven To Shut Down 450 Locations
7-Eleven is set to shut down nearly 450 underperforming stores across North America, the company announced Thursday. A decline in revenue, particularly cigarette sales, contributed to the convenience store chain’s closing of 444 locations, Seven & I Holdings, the company’s Japan-based parent company, announced in an earnings report, according to Fox Business. Other reasons for […]
Musk unveils Robotaxi, unsupervised full self-driving future: ‘That’s what we want’
Elon Musk debuted Tesla's new self-driving robotaxis, which will be available by 2026. Tesla CEO Elon Musk unveiled a new self-driving car called Robotaxi and declared it “the bright future” at an event in California. The two-seater vehicle, which has no steering wheel or pedals, is expected to be available by 2026 and will cost […]
FTX Felon Heading To Prison Celebrates ‘New Position’ On LinkedIn And The ‘Congratulations’ Poured In
Former FTX executive Ryan Salame took to LinkedIn with a celebratory post Wednesday announcing his upcoming status as a prisoner at a federal correctional institution in Cumberland, Maryland. Salame was sentenced to seven-and-a-half years in prison on fraud and campaign finance charges in connection with the breakdown of FTX founder Sam Bankman-Fried’s crypto exchange in […]
Crypto derivatives exchange sues SEC for clarity over XRP futures
SEC Commissioner Mark Ueda talks about the agency's handling of cryptocurrencies on “Morning with Maria.” According to an investigation by FOX Business, the Securities and Exchange Commission still firmly believes that the cryptocurrency XRP is a security. The revelation follows the following events: lawsuit The lawsuit was filed Thursday night in Illinois District Court by […]
Inflation Ticks Down Less Than Expected As Fears Of Hot Economy Grow
Inflation fell slightly in September amid fears of a hotter-than-expected economy following strong job gains in the month prior, according to the latest Bureau of Labor Statistics (BLS) release Thursday. The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.4% on an annual basis in September and rose 0.2% […]
Hurricane Milton: What should EV owners do before and after storm?
Florida Chief Financial Officer Jimmy Patronis talks about hurricane preparedness, how insurance prices could change due to Milton, and the cost of living in the Sunshine State. as hurricane milton As it continues to spiral towards Florida on Wednesday, many Sunshine State residents in its expected path are preparing for its arrival, including those who […]
Honda recalls 1.7M vehicles for defective steering gearbox component
See what's being clicked on FoxBusiness.com. Honda is recalling about 1.7 million Honda and Acura vehicles in the United States due to a possible defective steering gearbox part that could pose a safety risk. “American Honda is announcing this recall to encourage owners of affected vehicles to take them to an authorized dealer for repair […]
‘Significant Unintended Consequences’: Federal Gov’t Weighs Breakup Of Trillion Dollar Tech Giant
The U.S. Department of Justice (DOJ) is considering recommending a federal judge to force Google to sell parts of its business in a bid to eliminate its alleged monopoly on online search, according to a court filing Tuesday. A U.S. judge ruled in August that Google built and abused a “monopoly” by spending billions on […]
Hurricane Milton, theme parks, gas supplies, Walmart’s role
NOAA Hurricane Hunters have been leveraging aircraft and in-aircraft technology to obtain data about Hurricane Milton. Credit: OMAO/NOAA/TMX Hurricane Milton strengthened to Category 5 late Tuesday. Florida is running low on gasoline and millions of residents are evacuating the state. Major theme parks have announced closures and reopening plans. Walmart US CEO talks about recovery […]
Pepsi notes impact of geopolitical tensions, other factors on third-quarter; lowers revenue forecast
See what's being clicked on FoxBusiness.com. PepsiCo on Tuesday cut its full-year organic revenue forecast after the company reported lower-than-expected sales and business disruption due to geopolitical tensions that affected the third quarter. The snack and beverage giant's 2024 organic revenue growth outlook has been revised from 4% to a “low single-digit increase.” The report […]