The Biden administration has declined to overrule a decision by the U.S. International Trade Commission (ITC) that may block imports of Apple Watches due to the infringement of AliveCor’s patents for heart monitoring technology. AliveCor, which holds patents for electrocardiogram (ECG) technology in smartwatches containing pulse oximeters like that used […]
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US labor strikes surged 52% in 2022, showing rise in ‘worker activism’: study
Labor strikes in the U.S. spiked by 52% in 2022 from the year before according to a new study from researchers at Cornell University, who point to the data as evidence of a surge in “worker activism.” The university’s ILR Worker Institute released its second annual Labor Action Tracker report […]
IEX taps potential partner for regulated crypto exchange
Brad Katsuyama is hoping the second time’s the charm. Katsuyama, the Chairman of the stock exchange IEX and his staff are now in talks with publicly traded cryptocurrency exchange Coinbase to create a federally approved digital asset marketplace, people with direct knowledge of the matter tell Fox Business. SEC CHAIRMAN […]
Walmart CEO on food inflation: Some is ‘stubborn, mid-double digit’
Executives at Walmart on Tuesday provided their observations on food inflation the company has been seeing as they discussed the retail giant’s fourth-quarter earnings. “Generally speaking, food inflation has been the most stubborn of the categories,” Walmart U.S. CEO John Furner told analysts and investors on the call. “So, we […]
Goldman Sachs: three more Fed rate hikes coming this year
The Federal Reserve could raise interest rates three more times this year as it struggles to rein in inflation that’s not going away as quickly as hoped, according to Goldman Sachs strategists. The economists, led by Jan Hatzius, now expect the central bank to lift the benchmark rate by 25 […]
Larry Kudlow: ‘Right now we have neither peace, nor strength’
One of the key lessons we learned from the great Ronald Reagan was the simple but powerful phrase, “peace through strength.” Right now, we have neither peace, nor strength. To be sure, after Joe Biden’s catastrophic withdrawal from Afghanistan, Biden has not launched any new shooting wars, but he is bringing the […]
WNBA superstar Sabrina Ioenscu’s rookie card sells for highest price in women’s basketball history
There are only five Sabrina Ionescu rookie cards out there, and one of them just made history. One of the rare cards just sold for $10,800, becoming the most expensive card in WNBA history. The card was sold Sunday night via PWCC. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM […]
Heinz wants to catch up with man who survived a month at sea with nothing but ketchup, seasonings
Heinz is trying to track down the man who survived for nearly a month at sea on nothing but ketchup and seasonings. In a recent Instagram post, the company said they wanted to buy 47-year-old Elvis Francois a new boat, but they have been unable to locate him. “So, we’re […]
FTC alleges supplement company ‘Hijacked’ Amazon reviews to boost sales
Nutritional supplement company Bountiful Co. will pay $600,000 following Federal Trade Commission allegations that it made products on Amazon look like they had more reviews and higher average ratings than they really did. The FTC said the case marks its first enforcement action against a practice called “review hijacking,” in […]
Elon Musk jokes Twitter is ‘world’s largest non-profit’
New Twitter owner and CEO Elon Musk on Tuesday poked fun at himself and the social media giant he says was losing millions of dollars a day when he acquired it last fall, referring to the platform as “the world’s largest non-profit.” “Say what you want about me,” the multi-billionaire […]