skim: Fox Business

Filtering byFox Business

FBFox Business

10 Nov 2026

BusinessVehicle SafetyNHTSA Probe

Key takeaways

More than 1.2M Ford vehicles under federal probe after safety feature causes severe burns, 10 injured
Federal regulators are investigating more than 1.2 million Ford Explorers after reports that side airbags caused severe burns during crashes.
1. 1. Regulators documented 11 incidents and 10 injuries related to deploying seat-mounted side airbags in Ford Explorers.
1. 2. Federal regulators have launched a preliminary evaluation into more than 1.2 million Ford vehicles after side airbags deployed during crashes reportedly left multiple occupants with severe burns requiring medical treatment.
1. 3. The notice affects 2021-2026 model Ford Explorer vehicles, including Explorer Police Interceptors used by law enforcement.

FBFox Business

9 Nov 2026

BusinessNvidiaJensen Huang

Key takeaways

China denies spy plot targeting Nvidia CEO Jensen Huang, calls allegations ‘smear’
China calls the alleged spy operation targeting Nvidia CEO Jensen Huang a "groundless" smear as Beijing pushes back against U.S. intelligence claims.
1. 1. Jensen Huang admitted to an extramarital affair in a message to Nvidia staff without naming the other person.
1. 2. China on Monday rejected allegations of a spying operation targeting Nvidia CEO Jensen Huang, dismissing reports of a suspected Chinese intelligence plot as a smear campaign against Beijing.
1. 3. The denial comes after Nvidia announced an independent investigation into reports that Huang had been the "target of a foreign intelligence effort."

FBFox Business

9 Nov 2026

BusinessCorporate GovernanceNvidia

Key takeaways

Nvidia shares fall after investigation into CEO's relationship with alleged Chinese spy
Nvidia's board launched an internal probe into CEO Jensen Huang's relationship with an alleged Chinese spy who reportedly passed info to Beijing.
1. 1. Nvidia initiated an internal investigation into CEO Jensen Huang regarding ties to an alleged Chinese intelligence asset.
1. 2. Nvidia's board stated it has no indication that proprietary secrets or national security were compromised.
1. 3. The Chinese government formally denied running an intelligence operation targeting Nvidia CEO Jensen Huang.

FBFox Business

9 Nov 2026

BusinessSports BusinessPartnerships

Key takeaways

Fanatics, American Express debut credit card featuring sports stars
Fanatics unveiled a new American Express credit card inspired by Topps trading cards, allowing sports fans to select their favorite athlete from more than 500 stars.
1. 1. Fanatics and American Express launched a co-branded sports reward credit card.
1. 2. Cardholders can customize their card with player imagery from over 500 athletes.
1. 3. The card earns FanCash rewards redeemable for sports apparel, collectibles, and tickets.

FBFox Business

9 Nov 2026

BusinessEntrepreneurshipConsumer Goods

Key takeaways

Poppi founders look to disrupt hydration market with new electrolyte drink
The founders behind Poppi are entering a new beverage category after their nearly $2 billion PepsiCo deal, betting they can replicate their soda success in the competitive hydration market.
1. 1. Allison and Stephen Ellsworth invested $2.5 million of personal capital into launching the electrolyte brand Jetty.
1. 2. Jetty is marketing lower-sodium electrolyte drinks for everyday consumption rather than solely athletic performance.
1. 3. Beverage industry experts emphasize that new hydration brands require strong distribution and repeat sales to compete with established giants.

FBFox Business

9 Nov 2026

BusinessRetail StrategyCommercial Real Estate

Key takeaways

Bath & Body Works bets big on Middle America: CEO unveils major store revamp
Rather than chasing big-city flagships, Bath & Body Works is rolling out its new store concept in Middle America as CEO Daniel Heaf reveals every location is profitable.
1. 1. Bath & Body Works launched its first redesigned Feel Good store in Charlotte on October 23, 2026.
1. 2. Every physical Bath & Body Works store location is currently profitable, according to CEO Daniel Heaf.
1. 3. Rather than sinking capital into glitzy showcase flagships in Manhattan or Beverly Hills, the retailer is launching its next-generation concept overhaul in Charlotte, Columbus and Miami — with CEO Daniel Heaf telling Fox News Digital how the brand has found success and remained profitable by focusing on core American shopping corridors.

FBFox Business

8 Nov 2026

BusinessCalifornia PoliticsWealth Tax

Key takeaways

California faces one-two punch as voters reject wealth tax and billionaires eye exits
California voters rejected a proposed 5% tax on billionaire wealth as supporters vowed to keep pushing and critics warned the state’s tax climate could drive more residents and investment elsewhere.
1. 1. California voters rejected a proposed one-time 5% wealth tax on billionaires.
1. 2. California Gov. Gavin Newsom opposed the tax, arguing that California should address wealth inequality without driving billionaires out of the state.
1. 3. Los Angeles County, home to Hollywood and one of the nation’s largest economic engines, led the country in taxpayer losses.

FBFox Business

8 Nov 2026

BusinessNational SecuritySemiconductor Industry

Key takeaways

House Republicans demand answers from Nvidia CEO over reported Chinese spy ties
House Republicans invited Nvidia CEO Jensen Huang to a joint briefing over his reported relationship with an alleged Chinese intelligence asset.
1. 1. U.S. officials suspect that certain computer chips obtained by Megaspeed were smuggled into China.
1. 2. The letter was signed by House Foreign Affairs Committee Chairman Brian Mast, R-Fla.; Select Committee on China Chairman John Moolenaar, R-Mich.; and House Intelligence Committee Chairman Rick Crawford, R-Ark.
1. 3. The lawmakers are seeking details about Jensen Huang’s interactions with Alice Huang and Nvidia’s security protocols against foreign espionage.

FBFox Business

8 Nov 2026

BusinessCybersecurityCryptocurrency

Key takeaways

Binance names new CFO days after $6.3 billion cryptocurrency hack
Binance CFO Kaiser Ng is leaving after more than five years as the cryptocurrency exchange recovers from a $6.3 billion hack attributed to North Korean hackers.
1. 1. Justin Yek, a former finance executive at global payments firm Airwallex, will succeed Kaiser Ng as chief financial officer of Binance.
1. 2. A Binance spokesperson stated the CFO change was prepared over six months and remains unconnected to the October 29 cyberattack.
1. 3. Binance reported replenishing 98% of affected token assets while intercepting or freezing roughly $2.85 billion in stolen funds.

FBFox Business

8 Nov 2026

BusinessExecutive ProfileVeterans Affairs

Key takeaways

CEO SUNDAY: Army veteran turned health tech boss calls support for those who served a 'sacred obligation'
Philips North America CEO Jeff DiLullo reflected on finding purpose after military service and why supporting veterans remains a "sacred obligation."
1. 1. Jeff DiLullo transitioned from Army infantry service to lead Philips North America as chief executive officer.
1. 2. The Department of Veterans Affairs is Philips' largest customer according to Jeff DiLullo.
1. 3. Jeff DiLullo emphasizes that service to the nation continues beyond active duty through civilian leadership.

FBFox Business

8 Nov 2026

BusinessGovernment ContractsAerospace

Key takeaways

NASA unveils $10B Moon base contract as SpaceX, Blue Origin join lunar gold rush
NASA unveils a $10 billion Moon base contract framework, with SpaceX, Blue Origin and six other companies competing for future lunar delivery missions.
1. 1. NASA qualified SpaceX, Blue Origin, and six other aerospace firms to bid on up to $10 billion in lunar delivery contracts.
1. 2. Blue Origin won a $94 million base contract with potential options up to $140 million to deliver NASA's PROMISE rover.
1. 3. NASA selected SpaceX to demonstrate lunar communications satellite deployment using Starship in 2028.

FBFox Business

7 Nov 2026

BusinessPersonal FinanceInternal Revenue Service

Key takeaways

IRS announces 2027 tax changes: What taxpayers need to know
The Internal Revenue Service released 2027 tax brackets with a boost to the standard deduction and a $100 increase to the child tax credit for families.
1. 1. The standard deduction will increase to $16,600 for single filers, $33,200 for joint filers, and $24,925 for heads of household in 2027.
1. 2. The IRS recently released updated tax brackets and deduction thresholds for the 2027 tax year, which will affect taxpayers next year.
1. 3. The IRS also increased the maximum amount of the child tax credit to $2,300 in 2027, an increase of $100 from a year ago.

FBFox Business

7 Nov 2026

BusinessConsumer SafetyProduct Recall

Key takeaways

Millions of ladders recalled nationwide after numerous reports of head injuries, skull fractures
The CPSC recall covers over 3.6 million Little Giant ladders after Rapid Lock failures caused falls leading to skull fractures and brain injuries.
1. 1. The U.S. Consumer Product Safety Commission (CPSC) is recalling more than 3.6 million Little Giant ladders after receiving dozens of reports of injuries, including head trauma and skull fractures.
1. 2. According to a statement from Little Giant, the Rapid Locks can fail to become fully engaged, causing the ladders to retract and posing a potential fall hazard to consumers.
1. 3. The recall involves 11 makes of Little Giant's ladders and over 130 models ranging from $100 to $1,000.

FBFox Business

6 Nov 2026

BusinessSemiconductorsEconomic Data

Key takeaways

Nasdaq higher as chip stocks attempt to recover from brutal losses
The Nasdaq opened higher after AI and chip stocks dragged it into correction territory in the prior session amid fears over the midterm election results' impacts on regulation.
1. 1. The tech-heavy Nasdaq rose 1.67%, while the Dow Jones Industrial Average was down 103 points, or 0.2%.
1. 2. Technology and chip stocks were among those hardest hit on Thursday as investors weighed what Democrats' sweeping midterm election victories could mean for AI regulation and data center development.
1. 3. U.S. payroll data showed 165,000 jobs added in October, exceeding the projected gain of 65,000.

FBFox Business

6 Nov 2026

BusinessLabor MarketFederal Reserve

Key takeaways

US economy adds 165,000 jobs in October, blowing past expectations
The Labor Department released the October 2026 jobs report on Friday which showed employers added 165,000 jobs amid economic uncertainty.
1. 1. The Bureau of Labor Statistics reported that employers added 165,000 jobs in October 2026.
1. 2. The U.S. unemployment rate fell to 4.1% in October 2026, beating market expectations.
1. 3. Market expectations for a Federal Reserve rate hike in December rose to 76.8% following the jobs data.

FBFox Business

6 Nov 2026

BusinessFlorida Real EstateProperty Taxes

Key takeaways

Florida approves property tax relief: Why insiders say the Sunshine State just made itself 'unbeatable'
Voters and real estate leaders tell Fox News Digital why Florida's historic property tax relief makes the Sunshine State "unbeatable" while brushing off critics' warnings.
1. 1. Florida voters approved Amendment 3 to expand the homestead exemption up to $250,000 by 2028 for non-school property taxes.
1. 2. Non-residents moving to Florida after December 31, 2026 must wait five years to receive the expanded exemption.
1. 3. The Florida Policy Institute estimates local governments could lose approximately $12 billion annually in recurring revenue.

FBFox Business

6 Nov 2026

BusinessTech SectorStock Markets

Key takeaways

Asian stock markets plunge as Japan Nikkei, South Korea KOSPI and Taiwan stocks fall
South Korea's KOSPI plunged over 8%, triggering a trading halt, while Japan's Nikkei and Taiwan's stock index fell sharply amid AI stock selling.
1. 1. South Korea's KOSPI index dropped over 8 percent, triggering a temporary trading halt.
1. 2. Asian stock markets plunged Friday as a massive Wall Street sell-off spread overseas, sending major indexes in Japan, South Korea and Taiwan sharply lower.
1. 3. Japan's tech-heavy Nikkei fell roughly 6%, putting it on track for its worst day in eight months, while Taiwan's benchmark stock index dropped more than 8% as technology and semiconductor companies faced heavy selling pressure.

FBFox Business

6 Nov 2026

BusinessArtificial IntelligenceMidterm Elections

Key takeaways

Trump blames Democrats for stock market plunge after sweeping midterm victories
Trump blamed Democrats' midterm wins for Wall Street's massive sell-off, warning Americans on Truth Social that their 401(k)s have dropped.
1. 1. U.S. stocks suffered a sharp downturn on Thursday as the Dow Jones fell 1,833 points and the Nasdaq lost 5.52 percent.
1. 2. Donald Trump attributed the financial market losses to Democratic midterm election victories in both congressional chambers.
1. 3. The sell-off was driven in part by steep losses in technology and artificial intelligence stocks as investors weighed the potential impact of Democratic election victories on AI regulation and data center development.

FBFox Business

5 Nov 2026

BusinessEconomic DevelopmentTax Policy

Key takeaways

Trump admin names new economic Opportunity Zones to spur private investment in struggling communities
The Treasury Department and IRS announced 6,576 new Opportunity Zones nationwide, including thousands of rural communities, as the tax incentive program enters a new era.
1. 1. The Treasury Department and IRS designated 6,576 Opportunity Zones nationwide to encourage private investment.
1. 2. The newly designated Opportunity Zones are scheduled to take effect on January 1, 2027, and last for ten years.
1. 3. The Treasury reported that the Opportunity Zone program has generated over $110 billion in private investment since its creation.

FBFox Business

5 Nov 2026

BusinessArtificial IntelligenceMidterm Elections

Key takeaways

Data centers were on the ballot, and voters sent unmistakable message
Local ballot measures targeting data centers passed overwhelmingly as voters raised concerns about energy bills, land use and the economic impact of AI development.
1. 1. Voters rejected pro-development measures in forty of forty-one local data center ballot proposals across ten states.
1. 2. OpenAI announced commitments to cover full power expenses for its data centers and release construction blueprints.
1. 3. The backlash extended into statewide political campaigns, where data center development emerged as an issue alongside broader concerns about affordability and economic growth.

FBFox Business

5 Nov 2026

BusinessHealthcare IndustryPharmacy Benefit Managers

Key takeaways

CVS announces major breakup, pharmacy expert weighs impact on consumers
CVS Health breakup will create separate pharmacy and healthcare companies as industry expert weighs the impact on prescription drug prices, pharmacies and patients.
1. 1. CVS Health announced plans to split its conglomerate into separate health insurance and pharmacy businesses.
1. 2. The CVS separation into two publicly traded companies is projected for completion by the first half of 2028.
1. 3. CVS shares fell nearly 13% following the corporate breakup announcement.

FBFox Business

5 Nov 2026

BusinessCorporate RestructuringArtificial Intelligence

Key takeaways

Google expands voluntary buyouts to 5 countries as AI spending fuels cost cuts
Google expanded voluntary exit packages to employees in Canada, France, Germany, Japan and Switzerland as heavy AI spending weighs on Alphabet stock.
1. 1. Google expanded voluntary buyout offers to employees in five additional countries to manage costs during heavy artificial intelligence investments.
1. 2. Google continues hiring in artificial intelligence and cloud computing while reducing staff in non-vital divisions.
1. 3. Large technology corporations face severe financial pressure to balance infrastructure costs with returns on artificial intelligence.

FBFox Business

5 Nov 2026

BusinessSupply ChainCorporate News

Key takeaways

Breakfast food giant makes major change to iconic cereal's recipe
Kellogg's is reformulating Rice Krispies and Coco Pops in the U.K. as weather-related disruptions affect ingredient supplies, but American consumers won't see changes.
1. 1. Kellanova is reformulating Rice Krispies in the United Kingdom by substituting rice flour for whole rice grains due to weather-related supply disruptions.
1. 2. Rice Krispies and related cereals sold in the United States and Canada will not adopt the recipe changes implemented in the United Kingdom.
1. 3. The reformulated United Kingdom cereal recipes contain wheat gluten, rendering them unsafe for consumers with celiac disease or wheat allergies.

FBFox Business

4 Nov 2026

BusinessCorporate RestructuringTech Layoffs

Key takeaways

Canva to restructure operations, affecting 22% of workforce as growth slows
Canva CEO Melanie Perkins announced a major restructuring affecting 22% of employees, including layoffs, team consolidation, relocation requests and office changes.
1. 1. Canva is restructuring operations affecting 1,271 employees, representing 22% of its workforce, due to slowing growth.
1. 2. Canva plans to combine product, growth, and platform teams into one single product organization.
1. 3. Departing Canva employees will receive severance packages containing at least six months of salary.

FBFox Business

4 Nov 2026

BusinessEconomyLabor Market

Key takeaways

Private sector added 86,000 jobs in October, above expectations, ADP says
The figure reported on Wednesday is above economists’ estimates of an increase of 69,000 jobs. The prior month's reading was revised lower to 86,000.
1. 1. Private sector companies added 86,000 jobs in October, exceeding economist forecasts.
1. 2. Trade, transportation, and utilities led October private job gains with 39,000 positions added.
1. 3. Professional and business services shed 27,000 jobs in October, leading sector declines.

FBFox Business

4 Nov 2026

BusinessFinancial MarketsMidterm Elections

Key takeaways

Business leaders, investors weigh impact of Democrats’ midterm sweep on markets, AI and travel
Democrats' midterm victories draw mixed reactions from Wall Street and business executives over AI infrastructure, regulatory risks, market stability and travel.
1. 1. Democrats' takeover of both chambers of Congress in the midterm elections drew mixed reactions from investors and business leaders Wednesday, with some anticipating greater economic stability and others warning of increased scrutiny of artificial intelligence and data center development.
1. 2. Deborah Cunningham, chief investment officer for global liquidity markets at Federated Hermes, said the political split could create a "blockade against new legislation."
1. 3. Brad Gerstner, CEO of Altimeter Capital, said concerns about a broad halt to AI infrastructure development were exaggerated, although additional regulations could delay some projects.

FBFox Business

4 Nov 2026

BusinessFinancial MarketsMidterm Elections

Key takeaways

US stock futures mixed as Democrats score key midterm election wins
Wall Street faces fresh uncertainty over what Democratic control of Congress could mean for taxes, government spending and regulation.
1. 1. U.S. equity futures rebounded as midterm projections indicated Democratic victories in both chambers of Congress.
1. 2. Investors are weighing the effects of congressional power shifts on taxes, federal spending, and technology regulation.
1. 3. Historical data indicates the S&P 500 rose through year-end in five of eight midterm cycles since 1930 when the president's party lost the House.

FBFox Business

4 Nov 2026

BusinessFinancial MarketsMidterm Elections

Key takeaways

US stock futures tumble as Democrats score key midterm election wins
Wall Street faces fresh uncertainty over what Democratic control of Congress could mean for taxes, government spending and regulation.
1. 1. U.S. stock futures tumbled following projected Democratic midterm election victories in Congress.
1. 2. S&P 500 futures dropped 1.3% while Nasdaq-100 futures fell 2.2% during overnight trading.
1. 3. Historical market data indicates that shifts in congressional control have rarely derailed equities.

FBFox Business

3 Nov 2026

BusinessMidterm ElectionsStock Market

Key takeaways

What the midterm elections could mean for markets, debt
Democrats winning Congress could mean tougher AI oversight and market volatility, while a Republican sweep may ease concerns over tech investigations.
1. 1. The S&P 500 rose through year-end in five of eight historical midterms where the sitting president's party lost the House.
1. 2. A split Congress would necessitate bipartisan deals on government funding and the federal debt ceiling.
1. 3. Diego Barnuevo expects a Democratic congressional sweep to be neutral to mildly positive for the U.S. fiscal outlook.

FBFox Business

3 Nov 2026

BusinessCybersecurityArtificial Intelligence

Key takeaways

Binance details how a fake job interview led to a $6.3B crypto heist
Binance detailed how a compromised employee computer and internal AI tool allegedly enabled a $6.3 billion cryptocurrency theft and subsequent recovery efforts.
1. 1. Hackers compromised a Binance employee computer via a fake interview and exploited an internal AI tool to steal $6.3 billion.
1. 2. Binance replenished about 90 percent of the $6.3 billion in stolen cryptocurrency assets.
1. 3. The FBI attributed the $6.3 billion Binance cyber theft to the North Korean group TraderTraitor.

Catch up on Fox Business articles in minutes