Business

Newly-confirmed commerce secretary 'so pumped up' for Trump's economic, fiscal agenda

Feb. 19, 2025

After his recent confirmation, Commerce Secretary Howard Lutnick has hit the ground running with a focus on achieving President Donald Trump's economic goals. "That's our goal. Balance the budget of the United States of America by the end of Donald Trump's term. And I am so pumped up for it because we are going to make America the greatest country on earth by a country mile," Lutnick said Wednesday on "Jesse Watters Primetime."

Business

Chipotle looks to hire 20,000 workers – and it will use AI to help

Feb. 19, 2025

embracing artificial intelligence (AI) tools to help streamline the process. The company announced the hiring initiative on Wednesday, setting its sights on bringing on board 20,000 more workers for the arrival of its "busiest time of year." Chief Human Resources Officer Ilene Eskenazi said the job opportunities offer "candidates with an opportunity to start here, stay here, and reach their career goals with us."

Business

Toronto plane crash: Delta offers payment to victims amid investigation of plane that flipped upside down

Feb. 19, 2025

Delta Air Lines is offering a five-figure sum to the 80 passengers aboard the flight that crashed in Toronto earlier this week. Delta Air Lines confirmed the plans to provide $30,000 to each victim — 76 passengers and four crew members — to FOX Business on Wednesday. A spokesperson noted that the gesture "has no strings attached and does not affect rights." In total, the payouts would cost Delta a little over $2 million. The news comes days after Delta Connection flight 4819, operated by Endeavor Air, crashed while landing at Toronto Pearson Airport on Monday. No fatalities were reported, though 21 people were injured, including three who were critically wounded. The flight had departed from Minneapolis–St. Paul Airport earlier that day.

Business

Toronto plane crash: Delta offers payment to victims amid investigation of plane that flipped upside down

Feb. 19, 2025

Delta Air Lines is offering a five-figure sum to the 80 passengers aboard the flight that crashed in Toronto earlier this week. Delta Air Lines confirmed the plans to provide $30,000 to each victim — 76 passengers and four crew members — to FOX Business on Wednesday. A spokesperson noted that the gesture "has no strings attached and does not affect rights." In total, the payouts would cost Delta a little over $2 million. The news comes days after Delta Connection flight 4819, operated by Endeavor Air, crashed while landing at Toronto Pearson Airport on Monday. No fatalities were reported, though 21 people were injured, including three who were critically wounded. The flight had departed from Minneapolis–St. Paul Airport earlier that day.

Business

Head of FDA's food division resigns after dozens of terminations at the agency: report

Feb. 18, 2025

The head of the Food and Drug Administration's food division resigned on Monday after stating widespread cuts across the agency will make it challenging to meet the Trump administration's desired changes, according to a report. Jim Jones cited the termination of 89 staffers in the food division, criticizing the layoffs over the weekend as "indiscriminate," Bloomberg News reported Monday evening. "I was looking forward to working to pursue the department's agenda of improving the health of Americans by reducing diet-related chronic disease and risks from chemicals in food," he wrote in his resignation letter to Acting FDA Commissioner Sara Brenner, according to the outlet.

Business

Southwest to lay off 15% of corporate staff in cost-cutting effort

Feb. 18, 2025

Southwest Airlines cut 15% of its corporate workforce as it tries to rapidly reduce overhead costs to become a "leaner" company. The airline said that the layoffs primarily target corporate overhead and leadership positions, including senior leadership and director roles. In total, 1,750 jobs will be affected, including 11 senior leadership positions, as the carrier strives to build a "leaner and more agile organization" under its transformational plan. "We are at a pivotal moment as we transform Southwest Airlines into a leaner, faster, and more agile organization," CEO Bob Jordan said in a statement.

Business

American farmers turning to AI to aid uncertain future

Feb. 18, 2025

Tulare, Calif. – The U.S. agriculture industry is used to overcoming obstacles, but 2025 is shaping up to be a particularly daunting year. Labor shortages, water restrictions and the pending threat of tariffs are at the forefront of every farmer’s mind. "There's always challenges in agriculture, but so many are happening at the same time right now," said Karen Ross, secretary of the California Department of Food and Agriculture. "I think this happens about once every generation where there's just a bunch of driving forces."

Business

President Trump looks to bring manufacturing back to US with tariffs

Feb. 18, 2025

More recently, the Trump administration also unveiled a plan to develop reciprocal tariffs. "It is fair to all, no other Country can complain and, in some cases, if a Country feels that the United States would be getting too high a Tariff, all they have to do is reduce or terminate their Tariff against us," Trump said in a TruthSocial post about the plan. "There are no Tariffs if you manufacture or build your product in the United States." He also said it was time countries "treat us fairly – A LEVEL PLAYING FIELD FOR AMERICAN WORKERS."

Business

Egg farmer hit hard by bird flu, describes 'nightmare' of losing 3 flocks

Feb. 18, 2025

Egg prices are continuing to rise, reaching levels not seen since inflation hit a high of 9% in 2022, hitting the wallets of consumers as well as America's farmers. Outbreaks of the highly pathogenic avian influenza, or bird flu, are primarily to blame. Entire commercial flocks, consisting of more than 1,000 chickens, have been wiped out as a result of the virus. Greg Herbruck, a third-generation farmer and the CEO of Michigan egg production company Herbruck's Poultry Ranch, told FOX Business that the virus wreaked havoc on all three of the company's farms, located about five miles from each other, forcing him to cull his entire supply.

Business

Kim Kardashian partners with Nike on new Skims brand

Feb. 18, 2025

Nike is partnering with Skims and introducing a new female-focused brand together with the shapewear company co-founded by Kim Kardashian. NikeSKIMS will combine Nike’s "world-class approach to advanced innovation, sport science and athlete insights" with Skims’ "signature style and inclusive solutions for every body" to bring an "entirely new look of training and fitness" for women to market, Nike said.